Bloomberg News continues its battle to let a little sunshine in on what the Federal Reserve is doing to bail out the financial system. The Fed is appealing Bloomberg’s August victory in U.S. District Court, which said the Fed “improperly withheld” information about its lending programs. The Fed argues releasing the info could spark bank runs. Bloomberg says: “Prove it.”
— The Journal has a fascinating report on how cooling cardiac-arrest victims into a state of “therapeutic hypothermia” can improve their chances of survival from about one-in-ten to about one-in-two.
— The Economist‘s is reversing course a bit on its read-us-for-free Web policy. But the paywall only restricts content so old (90 days) you’re not much interested in anymore, plus the “digital print edition.”
— Bloomberg asks whether unemployment is still a lagging indicator. PIMCO’s chief says not this time, the problem’s too huge.
Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR’s business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu. Follow him on Twitter at @ryanchittum.