Tuesday, September 02, 2014. Last Update: Tue 3:20 PM EST

The Audit

1955: When Chase Was Too Small to Bail

American Banker has a fun flashback that helps show how out of whack our financial system has gotten in the... More

Audit Notes: Rein In Rupert, “The Age of Greed”, Bartlett on Thatcher

The Independent's Matthew Norman says it will be a disgrace if Britain doesn't come together to end Murdoch's outsize control... More

News Corp. and Murdoch Swamped By Hacking Scandal News

Revelations come fast and furious in the twenty-four hours after a Guardian bombshell

The Murdoch hacking scandal has metastasized twenty-four hours after The Guardian's bombshell that News Corporation's News of the World tabloid... More

Murdoch’s Hacking Scandal Gets Much Worse

The Guardian shows News Corporation at an all-time low (and that’s saying something)

Sometimes you wonder if Rupert Murdoch's empire could get any viler, and then, sure as the sun will rise in... More

The State of the Blog

Felix Salmon Talks to Alexis Madrigal

I’ve felt for a while now that the kind of blogging I do — one person writing a series... More

Audit Notes: Gutting Blame-the-Borrowers, Geithner Going? Wages and Profits

Barry Ritholtz says "First, Blame the Lenders" in a good post today over at The Big Picture on the crisis... More

Deadspin Is Excellent on a Bogus Tax Break for Wealthy Team Owners

Gawker's sports site Deadspin got hold of some New Jersey Nets financial statements from a few years ago and uses... More

Bank of America’s Disastrous Countrywide Deal

The “dumb” money squandered tens of billions of dollars on Angelo Mozilo’s predatory lender

In The Big Short, hedge fund investor Steve Eisman recalled the time he heard Bank of America CEO Ken Lewis... More

Audit Notes: The Swipe-Fee Battle, Homeless Kids, Angelides on Fire

Bloomberg News has an excellent recount of how the debit-card swipe-fee battle was waged. Its headline is just about perfect:... More

Bank of America’s Big Countrywide Settlement

Bank of America is going to fork over $8.5 billion to mortgage-bond investors lied to by Countrywide Financial, the Wall... More

Pioneer Press On a Renting Crisis and the Almost-Homeless

The St. Paul Pioneer Press does a good job looking at how a serious lack of affordable housing and the... More

A Bloomberg Investigation Exposes Cisco’s Tax Hypocrisy

CEO pushes for a repatration holiday while working hard to move profits overseas

Cisco's billionaire CEO John Chambers has led the recent campaign to let multinationals repatriate their overseas profits to the U.S.... More

Audit Notes: Pogue Problems, Wall Street Arrest, Mortgage Assets Crashing Again

Jim Romenesko scoops that a PR newsletter is selling $159 tickets to watch David Pogue say what pitches he likes... More

Bribery Without Bribers

James B. Stewart brings up an undercovered story; Tyson Foods executives walked

James B. Stewart got off to a strong start this weekend with his new New York Times column, which fills... More

An NYT Default Story Has Finance Industry Tunnel Vision

The paper gets it all wrong on Argentina’s lessons for Greece

The New York Times posted a truly awful story online yesterday headlined "Argentina's Default Offers a Cautionary Tale for Greece."... More

Q&A: An Apple critic with plenty to say - John Siracusa’s legendary - and lengthy - Apple reviews reach their 15th year

Why one editor won’t run any more op-eds by the Heritage Foundation’s top economist - A reply to Paul Krugman on state taxes and job growth made some incorrect claims

4 topics John Oliver explained more clearly than television news - The political satirist brings explainer comedy to HBO viewers

Michael Brown shooting and the crimes journalists choose as newsworthy - Examining why black suspects are covered at a greater proportion than they commit crimes

GOP-backed fake news sites target Dems in congressional races - - Unlike The Onion and other satire sites, the goal is to fool voters, not make them laugh


New WaPo publisher (WaPo)

The departure of Katharine Weymouth ends eight decades of Graham family leadership

The impact of watching executions (PSmag)

“[E]xecutions, even for people who support capital punishment, and even when the criminals being put to death evoke little personal sympathy because of the nature of their crimes, take a toll on witnesses”

Times of India demands employee social media passwords (Quartz)

The company will possess log-in information and will be free to post any material to the account without journalists’ knowledge

Reconnecting with a story source, 17 years later (Hartford Courant)

“People who say reporters exploit people? You are right, we do. We parachute into people’s lives, sidle up, convince them that we care — and then disengage when the story is over. But that doesn’t mean we don’t connect, in a genuine way.”

Bloggingheads

Greg Marx discusses democracy and news with Tom Rosenstiel of the American Press Institute

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