Tag Archives: New York Times

Michael Forsythe

NY Times hires Forsythe, former Bloomberg reporter

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Michael Forsythe, the Bloomberg News reporter in China who left the news organization after allegedly leaking that it had held sensitive stories that might upset Chinese officials, has been hired by The New York Times.

The hiring was confirmed by Margaret Sullivan, the public editor of the Times, in her column for Sunday’s paper that was posted Saturday afternoon.

Forsythe was a 13-year veteran of Bloomberg News and specialized in documenting the nexus between wealth and politics in China. He moved to Hong Kong from Beijing after four years there as a senior reporter on the government team. While there, Bloomberg won the Polk Award (among many other awards) for documenting the wealth of relatives of Xi Jinping. He was the lead writer for that story.

Forsythe and Bloomberg reporter Henry Sanderson wrote a book, “China’s Superbank” that is available at bookstores and on Amazon. It’s a book about a bank, China Development Bank, but it’s really a book about China’s economy and society through the lens of what may be the world’s most powerful bank.

From November 2006 through January 2009, Forsythe was the team leader for U.S. government news in Washington, managing 43 editors and reporters covering the U.S. executive, legislative and judicial branches as well as politics.

He is a Navy veteran with a degree from Georgetown.

Michael Corkery

WSJ’s Corkery joining NY Times biz desk

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Michael Corkery, a reporter for The Wall Street Journal in its Money & Investing bureau, has resigned to join the New York Times business desk.

Corkery will start Monday and will cover banking.

Times business editor Dean Murphy writes:

Michael has covered a variety of beats during his eight years at The Journal, including housing, pensions and public finance, and even took a whirl as lead writer for the paper’s M&A blog, Deal Journal. Michael is known as both a digger and a story teller, often taking apart complex subjects for readers. In a front page takeout in September, he took the lead in tracing the shifting fortunes of homeowners and investors through the prism of a subprime mortgage bond issued by Countrywide. Previously, he worked at The Providence Journal, where he was a finalist for the Livingston Award in International Reporting for dispatches from Afghanistan, and was part of a reporting team that was a finalist for the Pulitzer Prize in Public Service for coverage of the fatal Station nightclub fire.

Michael is well known to several other Journal alums, including Jessica Silver-Greenberg, Peter Eavis and Sue Craig, who employing a hockey analogy befitting a Canadian, says of Michael, “He’s an all-sticks-on-the-ice type of guy, able to juggle breaking news and longer features at the same time without missing a play.”

A native of Gloucester, Mass., Corkery has an honors degree in history from Brown University.

rasky1

Rasky, former economics reporter, dies at 61

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Susan Rasky, who covered the economy for Reuters and the New York Times, died Sunday at the age of 61 due to cancer.

Daniel Slotnik of the Times writes, “Ms. Rasky wrote more than 1,700 articles for The Times from both New York and Washington, many exploring the intricacies of the tax code and the Federal Reserve.

“‘She was a dogged reporter,’ Adam Clymer, the former Washington correspondent for The Times, recalled in an email. ‘Dan Rostenkowski, chairman of Ways and Means, once fled into a men’s room to escape her. She waited.’

“Ms. Rasky shared her Polk Award, for national reporting, with her Times colleague David E. Rosenbaum, who died in 2006. The awards are given annually by Long Island University.

“‘Meticulously and insightfully, they covered the complex issues, political maneuvering and personalities in the greatest budget debate that has ever taken place in the United States,’ the award citation said.

“Ms. Rasky had by then left The Times to teach at the Graduate School of Journalism at the University of California, Berkeley. She continued to teach there until her death.”

Read more here. While visiting the Cal-Berkeley grad school several years ago, I had the pleasure of holding the leash of Rasky’s dog while we discussed how to teach economics reporting to students.

Neil Irwin

Washington Post’s Irwin to join New York Times

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Neil Irwin, a Washington Post columnist and the economics editor of Wonkblog, is leaving the paper to join the New York Times.

Irwin confirmed the change on Twitter on Thursday.

Each weekday morning his Econ Agenda column reports and explains the latest trends in  economics, finance, and the policies that shape both.

He is the author of “The Alchemists: Three Central Bankers and a World on Fire,” a book about the efforts  of the world’s central banks to combat the financial crisis and its aftermath, to be published in spring 2013 by the Penguin Press.

Irwin covered economics and the Federal Reserve for The Post from 2007 to 2012, where he helped lead  coverage of the 2007 to 2009 financial crisis, recession and government  response. He has been a reporter at the Post since 2000, and also covered topics  including the Washington regional economy, economic development and  Internet companies.

He was a Knight-Bagehot Fellow in Economic and Business  Journalism at Columbia University, from which he has an MBA. Irwin’s undergraduate studies were at St. Mary’s College of Maryland.

china-managed-services

China extends credentials for Bloomberg, NYTimes reporters

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China extended new press credentials to several reporters at Bloomberg News and the New York Times despite their critical reporting of Chinese government officials, reports James Areddy of The Wall Street Journal.

Areddy writes, “China’s Ministry of Foreign Affairs issued 2014 press cards for an unspecified number of China-based reporters, the organizations said. For foreign reporters in China, a press card issued by the central government is the primary prerequisite for obtaining an annual residence visa to live and work in the nation.

“‘We have received all of our China press cards and continue to operate as usual,’ said Belina Tan, a Bloomberg LP spokeswoman. She declined further comment.

“A Beijing-based correspondent for the Times, Edward Wong, said in a Twitter message Thursday that ‘some but not all have new press cards in hand,’ though he said none had yet obtained a visa. A spokeswoman for the Times didn’t immediately respond to a request for comment.

“Asked about the development Thursday at a regular briefing, Chinese Foreign Ministry spokeswoman Hua Chunying said credentials were being handled according to China’s laws and ‘the normal schedule and process.’”

Read more here.

David Carr

NYTimes biz columnist Carr to teach a Boston U.

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David Carr, who writes a column on the media for the Monday business section of The New York Times, has accepted a job teaching at Boston University.

He will continue to write for the Times.

Marcella Bombardieri of the Boston Globe writes, “Like Mayor Thomas M. Menino, also about to join the BU faculty, Carr will not have tenure, but will work on a contract in the journalism program as a professor of the practice.

“He will spend the spring semester preparing his courses. Then, next academic year he plans to teach a media criticism class and a hands-on class in which students will produce media and distribute it through social media and other platforms. Fiedler said the classes will be aimed at graduate students, but will also be open to undergraduate seniors.

“Carr said he is cutting back on other outside commitments in order to make time for BU and his work at the Times, where he writes the weekly Media Equation business column and covers popular culture.

“Times executive editor Jill Abramson, who taught at Yale for five years, said Carr will learn a lot from his students about how young people consume media. ‘He knows so much about media organizations and the history of the press,’ she said. ‘I think he’ll just be mesmerizing.’”

Read more here.

bloomberg

Bloomberg complained to NYTimes about article

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New York Times public editor Margaret Sullivan writes Sunday that Bloomberg News complained to the paper after it published an article about a story it was working on in China.

Sullivan writes, “The Times story, which came from unidentified Bloomberg employees, included denials by Bloomberg news executives, including the editor in chief, Matthew Winkler, that the story was killed.

“A few days later, Bloomberg made a written complaint to me, through its ethics consultant Tom Goldstein, a former Columbia journalism dean. Mr. Goldstein called the article unfair and inaccurate. He criticized The Times for ‘sabotaging a competitor’ by describing the news in the unpublished article.

“After I began investigating the complaint by interviewing journalists at Bloomberg and at The Times, Bloomberg postponed and then canceled my scheduled interview with Mr. Winkler. A public relations representative told me that a follow-up Times article on Nov. 25 — a broader look at Bloomberg’s corporate mission — was ‘much more accurate’ and made the interview unnecessary.

“Bloomberg’s insistence that its China exposé simply wasn’t ready for publication, and that therefore the original Times story was invalid, is off the point. The core of the Times story had to do with media self-censorship in China: A top American news executive’s telling his reporters that a story was being pulled back at least partly because it might get their news organization kicked out of the country. The details of Mr. Winkler’s conference call, in which he spoke to the reporters, are ‘verifiable,’ The Times’s foreign editor, Joseph Kahn, told me. Other journalists, inside and outside The Times, mentioned the existence of audio recordings of that call.”

Read more here.

Gretchen Morgenson

Why financial journalists didn’t cover the Blackstone deal

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The Daily Show’s Samantha Bee spoke with Gretchen Morgenson of the New York Times business desk about why most of the financial media — except for Bloomberg News — failed to cover a credit default swap deal by the Blackstone Group.

She then asked the business desk of BuzzFeed how they would cover the story.

china-managed-services

Bloomberg, NYTimes journalists could be expelled from China

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David Nakamura of The Washington Post reports that journalists from Bloomberg News and The New York Times could be kicked out of China in the wake of critical articles by both news organizations about the business dealings of top government officials.

Nakamura writes, “China has long held up visas or denied them to reporters in an effort to retaliate for coverage critical of ruling Communist Party officials, but U.S. reporters say the practice has grown more intense under President Xi Jinping. Instead of individual reporters being targeted, entire news organizations are facing threats that they will be kicked out of the country, the journalists said.

“Biden met with more than a dozen reporters. Biden aides characterized the meeting as off the record and declined to comment on the nature of the discussions.

“But Ian Johnson, a New York Times writer based in China, wrote on Twitter:  ‘China is about to expel all NYT and Bloomberg correspondents from China — unprecedented. Biden raised issue with Xi.’

“In a second tweet responding to someone who asked whether it was really true, Johnson wrote: ‘sad but true; 24 correspondents without a visa. first one leaves Dec. 17. All out by Dec. 31, unless govt changes course.’”

Read more here.

Larry Ingrassia

Ingrassia, former NYT biz editor, named deputy ME

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Larry Ingrassia, who was the business editor at the New York Times until about a year ago, has been named a deputy managing editor at the paper, according to a story on the paper’s website.

Ravi Bomaiya writes, “Mr. Ingrassia, 61, joined The Times in 2004, after a 25-year-career at The Wall Street Journal, where he rose to assistant managing editor. He served as the business editor at The Times until last year, when he was promoted to the masthead with responsibility for initiatives. In his new role, Ms. Abramson said, he will be a newsroom liaison to the business side on digital products and other initiatives.”

Read more here.

Before joining the Times, Ingrassia was assistant managing editor overseeing global coverage of financial markets at The Wall Street Journal from December 2003. Prior to that he had been editor of the Money & Investing section of the Journal since 1999. He directed coverage that was a part of the Journals’ Pulitzer Prize-winning entry for explanatory journalism in 2003 for reporting on corporate scandals, and for its Pulitzer-winning entry for breaking news reporting in 2002 for Sept. 11.

Ingrassia also oversaw coverage that won three Polk awards and one Loeb award. Previously he had been the Journal’s special project editor, producing a 56-page millennium special report on ‘One Thousand Years of. People, Ideas, Work Leisure, Finance & Companies and Trade & Commerce.’ From 1993 until 1998, Ingrassia was the Journal’s London bureau chief, reporting on issues throughout Europe. He led the team of Wall Street Journal reporters who won the Overseas Press Club of America award for Best Business Reporting for coverage of the 1995 collapse of Barings Bank. From 1986 until 1993 he was the Journal’s Boston bureau chief.