Wednesday, June 19, 2013. Last Update: Wed 2:50 PM EST

The Audit

BP Defines Deviancy Down

The national press is slow off the mark on the huge oil spill in Michigan

The national press stuffs a big story today on a massive new oil spill in the Kalamazoo River. Size, of... More

WSJ Looks at the Overdraft Bottom Feeders

The Wall Street Journal is terrific this morning to throw the spotlight on the seedy cottage industry that feeds off... More

Audit Notes: Moody’s Market, Revolving Door, Tables Turned on Zuck

Kevin Hall of McClatchy has a great scoop on Moody's CEO's suspiciously timed stock sales. In one case, CEO Ray... More

Yglesias and McArdle Miss on Interchange Fees

Matt Yglesias is defending the interchange industry, which transfers money from the poor to the rich—all through hidden fees. Once... More

Apple’s Controlling Instincts Hit Time and SI

The Wall Street Journal's approach to charging the iPad has been the smartest of any of the media. The Journal... More

NYT Goes to the Numbers

Economists’ analysis brings welcome data to stimulus debate

The New York Times has a good early look at something that’s much in demand—an analysis of where the economy... More

Audit Notes: GE Corruption, Poor Subsidizing the Rich, Takedown

Footnoted's Theo Francis spotlights an eye-raising settlement by GE, which essentially confessed to bribing foreign officials (in Iraq, no less)... More

Seven Top-Paid CEOs Lost Shareholders’ Money in the 2000s

The Wall Street Journal runs the numbers on the Top 25 Highest Paid CEOs of the Decade and they are,... More

WSJ’s Stimulus-Debate Story is Debatable

A page-one piece says economists question whether stimulus makes things worse but can’t find any who actually do

The Wall Street Journal goes big with a story on the debate over stimulus spending. But the piece doesn’t deliver... More

Reuters Gets a Wall Street Take on Warren

What would it sound like on Wall Street if we got a regulator like, say, Elizabeth Warren, who is resolutely... More

Audit Notes: Angelides; Goldman Sachs; Broke, Fat, and Stoned

In non-polo news, the Financial Times scooped this morning that the Financial Crisis Inquiry (aka Angelides) Commission is threatening to... More

Looking the Other Way on Wall Street

NYT’s Morgenson reports that Wall Street knew that bundled loans didn’t meet standards

Gretchen Morgenson had an excellent column in yesterday's Times that gets at one of the core issues if criminal cases... More

On Tax-Cut Politics, WSJ Adds to the Confusion

The Wall Street Journal takes its turn at the tax-cuts-as-election-issue story. But in trying to explain the politics that are... More

“The Word Was Polo; The Man, Ralph Lauren”

Place those special sections, gleefully, in the recycle pile unread

One of the dirty little secrets of the newspaper business is that you should almost never bother to read a... More

It’s Still Unclear Why Cassano Got Off the Hook

The Wall Street Journal's leder this morning explores why the government dropped its criminal fraud investigation of AIG's Joseph Cassano,... More

Missing Michael Hastings

One of the great reporters of his generation died Tuesday at 33. The stories he wrote, and the ones he didn’t live to write

Michael Hastings: my friend and his enemies

Hastings was fearless and shook things up - especially with his McChrystal expose. The haters in the media couldn’t forgive him

Snowden versus the dragons

Journalism is about finding flaws and magnifying them, and surely someone who would spill massive loads of state secrets must contain a few broken parts, right?

Call it the Politico rhetorical crutch

The inside-the-beltway publication’s go-to phrase

Rachel Maddow’s tribute to Michael Hastings

“Michael was angry … he was angry about things that weren’t right in the world. He was angry with war and with loss, and that drove his reporting.”

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