Poor economic reporting in WaPo
This blogger has a valid complaint about some recent economics coverage in the Washington Post. He accurately notes that a story in Tuesday’s paper fails to mention the trade-off between interest rates and employment. He wrote, “In an article titled ‘Fed Chief Raises Inflation Concern’, authors Nell Henderson and Brooke A. Masters fail to mention […]
Desert Sun newspaper seeks stock market experts
Here’s a unique way to find business news sources for newspaper stories — advertise for them. That’s what the Desert Sun, the newspaper in Palm Springs, Calif., did in Wednesday’s paper. Here is the notice: “The stock markets have experienced a great deal of volatility in recent months after a 44-month bull run. What’s happening […]
WaPo consumer columnist says goodbye
Washington Post consumer columnist Dan Oldenburg joined the long line of writers on the business desk accepting the newspaper’s buyout offer, and in Sunday’s newspaper he reminisced about his Consummate Consumer column for the past 20 years. Oldenburg wrote, “My heart is all that much heavier about ending this column, which has connected me in […]
Pension fund coverage
Outside of the state of California, which has the large CALPERS pension fund, I don’t see much, if any, coverage in the business section related to state pension funds. However, they are an untapped source of information, and stories, and business writers in every state should be cultivating pension fund managers who operate the state […]
Enron verdict stories out quickly on the Internet
The media has inundated the Internet with stories about the Enron verdict, which was announced at noon Eastern Standard Time. Some of them are standing out for their comprehensiveness in what the case means, showing that there were a number of business journalists prepared for the verdict. If you’ve never covered a white collar criminal […]
LA Times
The Los Angeles Times’ Bill Sing weighs in on the admission by Federal Reserve Board chairman Ben Bernanke erred in talking to CNBC’s Maria Bartiromo in an off-the-cuff remark, which then caused the markets to drop when Bartiromo reported what he said. Sing notes that Bernanke is not the only Fed chairman to make such […]
John Stossel, the co-anchor of ABC’s “20/20”, criticized stock market professionals who go on television and provide investment advice in a column. Stossel writes, “How could the TV experts be so wrong? They are well-educated people who call and visit individual companies, and study the balance sheets, new products, and marketing techniques. They work at […]
Las Vegas R-J cuts stock listings
The Las Vegas Review-Journal becomes the latest metropolitan newspaper to cut its daily stock listings. The change began this week. The paper wrote, “Beginning Tuesday, the Review-Journal will transform its multipage stock and mutual fund listings format into a single page called Markets at a Glance. The Markets at a Glance page will provide readers […]
New assistant biz editor in Asheville
Editor Susan Ihne reports in her Sunday column that the Asheville (N.C.) Citizen Times has a new assistant business editor. Ihne writes, “Kelby Hartson Carr, 33, has joined the newsroom staff as assistant business editor/reporter. She comes to Asheville from The Times in Northwest Indiana, a 90,000 daily circulation paper outside of Chicago. “‘My husband […]
Exec pay down at TheStreet.com, but not for Cramer
Total compensation for the top executives at financial news web site TheStreet.com fell slightly in 2005 as the CEO and others received smaller bonuses than they did in 2004, according to a proxy statement filed with the Securities and Exchange Commission. However, co-founder Jim Cramer, whose CNBC show Mad Money is seen every night, saw […]
