Also off topic:

lox,

With regard to your question "What would "no spin" be referring to", see this definition of 'spin':

7. To provide an interpretation of (a statement or event, for example), especially in a way meant to sway public opinion: "a messenger who spins bogus research into a vile theology of hatred" (William A. Henry III).

http://www.answers.com/topic/spin

The phrase "no spin" has come to be associated with American televison Fox News' commentator Bill O'Reilly. O'Reilly calls his show-The O'Reilly Factor- a "no spin" zone. But some people-including me-think that all he does is [provide] spin-to the far right.