Business Coverage

The disgraceful lengths to which writers in the establishment press will rewrite history to paper over the economy's awful performance during the past five years is perfectly illustrated in one paragraph found in an otherwise decent Associated Press "Big Story" report ("Dropouts: Discouraged Americans leave labor force") Saturday evening by Paul Wiseman and Jesse Washington, with help from…

After telling the world on Thursday that "Gone are the fears that the economy could fall into another recession," it seems that the Associated Press's Christopher Rugaber needed some help explaining away Friday's weak jobs report from the government's Bureau of Labor Statistics. The AP had four reporters on Friday evening's coverage, all seemingly in search of a viable excuse for another "…

Well, we can stop worrying about the economy now. Write it down. Chris Rugaber at the Associated Press, aka the Administration's Press, tells readers today that the business cycle has been repealed. That's right. As of now, "Gone are the fears that the economy could fall into another recession." Even giving him the benefit of the doubt that he only meant to refer to the short- or intermediate…

Sometimes liberal bias goes so far it actually becomes absurd, like Roseanne Barr saying that she would bring back the guillotine in order to behead any rich people who wanted to keep more than $100 million of their own money. She set the bar (or the guillotine) higher than her $80 million net worth. But it wasn’t just extreme left-wing celebs like Roseanne and Michael Moore, news anchors and…

The latest estimate of economic growth for the final quarter of 2012 published by Uncle Sam's Bureau of Economic Analysis on Thursday told us that the economy grew at an annualized rate of 0.4%. Not annualized, that means it actually grew by 0.1%. A $100,000-a-year business doing that "well" during a quarter would have seen its sales increase by $25 (.001 times $100,000 divided by 4).…

So much for Cyprus being a "one-off." On Wednesday, Bruno Waterfield at the UK Telegraph relayed that "Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe." That's "would," not "could." The Associated Press hasn't had the nerve to correctly…

On February 28, though he hedged a bit, Martin Crutsinger at the Associated Press, aka the Administration's Press, wrote the following about prospects for economic growth: "The only impediment may be the across-the-board government spending cuts that kick in Friday — especially if those cuts remain in place for months." Having established the template, the self-described Essential Global News…

Sometimes one learns interesting things perusing stories at tech web sites. A report by Michelle Maisto at Eweek about Yahoo CEO Marissa Mayer has one nugget of information which has been out there for a while, and another which I believe hasn't been and still isn't widely known about both Mayer and her former employer Google. Both items indicate to me that Mayer as a woman and the two tech…

Today, on the third anniversary of the enactment of state-managed healthcare, aka the Patient Protection and Affordable Care Act (ACA), aka ObamaCare, it's worth noting a precursor of what we can expect from the establishment press as the law's implementation presses on. It can be summed up in eight words: "Hype the alleged good. Ignore the obviously bad." Distilled in four words: "Toe the…

I don't know whether AP Food Industry Writer Candice Choi misidentified the union responsible for the final demise of Hostess late last year deliberately or out of ignorance. But in the final five paragraphs of her report on the company's sale of several of its best-known brands to two investment groups, Choi definitely blew it (bolds are mine throughout this post):

Much of the press is describing the EU's demand that Cyprus seize a portion of bank account holders' deposits, a demand rejected yesterday by the island nation's legislature, as a "tax." I think it's reasonable to suggest that this characterization is designed to minimize the frightening authoritarianism the EU has just attempted. In a bit of a pleasant surprise, one organization openly…

There's a reason why Media Research Center sister site CNS News had to put out a story about how much the government has spent so far this year -- $1.505 tillion -- after Wednesday's release of the February Monthly Treasury Statement: Two of the three major wire services failed to report that obviously important number, and the third saved it for their writeup's final sentence. What follows…

The official Monthly Treasury Statement for February came out Wednesday showing a deficit for the month of $204 billion, basically the same as the Congressional Budget Office predicted several days earlier. The reported deficit through five months of the fiscal year is $494 billion, down from $580 billion a year earlier. That February result was an "improvement" of $28 billion over the $232…

New York Times campaign finance reporter Nicholas Confessore's 2,000-word front-page story Wednesday took a liberal angle on a judge striking down New York City's controversial new regulation that would have banned soda portions over 16 ounces. Besides the paternalism of lines like "a victory for the industry’s steadfast, if surprising, allies: advocacy groups representing the very…