Monday, December 22, 2014. Last Update: Mon 2:15 PM EST

The Audit

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

Reuters Brings a Deustche Derivatives Whistleblower to the Surface

Reuters's Matthew Goldstein has an eye-raising scoop today, reporting that Deutsche Bank fired a top credit default swaps trader in... More

Audit Notes: Magnetar Misled, Anonymous But On the Record, WSJ Jet Probe

I wrote about JPMorgan's Magnetar settlement this morning, but it's important to note that it shows once and for all... More

Reporters fail to capture implications of pension provision - A ‘big shift’ tucked into the spending bill goes under-examined

The New Republic: A public trust or a business? - How Chris Hughes turned a 100-year-old publication into a “product”

Serial creators don’t know what will happen to Adnan Syed - New developments in his legal case suggest that the outcome is wide open

FOIA reform dies while the press looked the other way - RIP Improvement Act of 2014

The problem with sharing uncredited photos - “Just because you put something on the internet does not give people the right to steal it”


The traffic lure of outrage (Slate)

“I didn’t become a journalist to peddle indignation on Facebook. But it sells—the page views don’t lie.”

NBC news producer’s sons were in the besieged school in Peshawar (NBCnews.com)

“I remained silent and didn’t know what to say — I know how such attacks on schools usually end”

Hero mom calls into CSPAN to berate her arguing pundit sons (WaPo)

“This was not planned. She called in on the normal line.”

Dick Cheney doesn’t want to call it torture but the media doesn’t have to follow (Vox)

“People deserve to know that the American government (proudly!) did things that in any other context are called torture”

Bloggingheads

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

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