It's the kind of accountability journalism that makes readers raise an eyebrow, if it doesn't raise their blood pressure first. General Electric Co., reported the New York Times last week, earned $14.2 billion in worldwide profits last year, including $5.1 billion in the United States -- and paid exactly zero dollars in federal taxes. The front-page story drew widespread commentary in newspapers and on many Web sites. ABC News and Fox News, among others, were all over it.
But the story was conspicuously absent from the reportage of one news organization: NBC.