by ilene - March 29th, 2011 12:56 pm
Courtesy of Henry Blodget at The Business Insider
The New York Times is full of it. Just ask my PR team.
We spent much of this afternoon sparring with GE’s public affairs division on Twitter over a New York Times report that GE paid no US taxes last year.
GE had taken to Twitter to blast the New York Times for "misleading" everyone about this fact.
So, naturally, when we saw that GE was trying to set the record straight, we asked some specific questions of GE--because we wanted to determine whether the New York Times was wrong or whether GE was just trying to spin everyone.
Either was fine with us, by the way — especially after New York Times editor Bill Keller’s latest lecture this weekend about why the New York Times is great and everyone else sucks.
NYT’s KELLER: "We believe in verification rather than assertion"
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Bill Keller’s message in his latest lecture was "We believe in verification rather than assertion."
So when we got a tweet from GE …

Tags: corporations, federal tax, GE, NY Times, paying taxes, spin, Taxes
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by ilene - December 25th, 2009 2:50 pm
Merry Christmas and Happy Holidays to Everyone!!
By Gretchen Morgenson, courtesy of The Business Insider
…[Goldman sold] mortgage-related securities, named Abacus, that were at first intended to protect Goldman from investment losses if the housing market collapsed. As the market soured, Goldman created even more of these securities, enabling it to pocket huge profits.
Goldman’s own clients who bought them, however, were less fortunate.
Pension funds and insurance companies lost billions of dollars on securities that they believed were solid investments, according to former Goldman employees with direct knowledge of the deals who asked not to be identified because they have confidentiality agreements with the firm…
Keep Reading >
Tags: Goldman Sachs, Gretchen Morgenson, NY Times, Wall Street
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by ilene - September 13th, 2009 4:00 am
Op-Toons Review reports on the NY Times’ trend-setting money-saving strategy, while President Obama adjusts to life as an ordinary politician. – Ilene
New York, NY--The New York Times — after years of losing revenue in the face of competition from other media outlets providing more accurate and balanced sources of news — announced a major cost-savings initiative that includes eliminating all the ink and paper that would otherwise be used to print stories reflecting poorly on the Obama Administration and the Democratic Congress.
"We’re launching a program of unprecedented openness," said the Times’ editor-in-chief. ..
Tags: cost cutting, NY Times, Obama, Op-toons Review, transparency
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