Business Coverage

I guess what follows shouldn't be a total surprise, given that the Obama administration was perfectly comfortable ruining hundreds of thousands of perfectly good cars during the Cash For Clunkers program in 2009. The video which follows from CBS News in San Francisco last Thursday (full transcript here) tells viewers what is happening to valuable parts at the main manufacturing plant of the…

On Friday, the White House engaged in its customary document dump, mostly secure in the knowledge that a lazy establishment press would, as usual, pay it little heed and then declare it to be old news by Monday morning. Ed Morrissey at Hot Air identified the significance of documents relating to now-bankupt Solyndra, the California-based solar panel manufacturer which borrowed $535 million…

On Friday, two Deputy Secretaries, one at the Department of Transportation and the other at Defense, in their capacities as co-chairs of the National Space-Based Positioning, Navigation and Timing (PNT) Executive Committee, released a one page letter concluding that the modified broadband deployment plan of LightSquared could not coexist with current GPS devices and their spectrum. That's…

UPDATE: James Pethokoukis at the American Enterprise Institute's blog has more, including the possibility that the original story misidentified "Bain Consulting," as well as a theory as to the story's original source. It looks like someone ran with something they thought was too good to check. A retraction described as a "Correction" currently on CNBC's web site tells readers: "A previous…

In a report for Thursday's NBC Today, correspondent Peter Alexander promoted attacks on Mitt Romney: "There's been no let-up in the barrage of criticism over Romney's record as the former head of Bain Capital." Alexander pointed out: "This Gordon Gekko impersonator greeted Romney's arrival in South Carolina." A scene from the movie "Wall Street" was played with actor Michael Douglas…

In November 2011 it became public knowledge that the Chevy Volt could possibly catch fire weeks after a serious accident. The National Highway Traffic Safety Administration (NHTSA) opened its investigation into the matter on Nov. 25. Now General Motors is trying to recall all of the Volts for "enhancements," all while attempting to avoid the word recall. ABC and NBC are also avoiding that…

It's more than a little annoying to read a news report containing incomplete information. The irritation level hits the red zone when you realize that the writer is not only concealing important data, but telling you what you're supposed to think about what little he deigned to tell you. Such was the case with Martin Crutsinger's Associated Press item about the Consumer Credit report issued…

A frequent BizzyBlog commenter tweeted about an online article he saw at CNNMoney.com entitled "Doctors going broke" about how many doctors are struggling in the current economy. His tweet: "Welcome to Obamacare." A frequent BizzyBlog commenter tweeted about am online article he saw at CNNMoney.com entitled "Doctors going broke" about how many doctors are struggling in the current economy.…

Even with recent "improvements" which are still weak when compared to other post-World War II recoveries and which, as shown yesterday (at NewsBusters; at BizzyBlog), are less substantive than December's two major reported numbers (unemployment rate of 8.5% and seasonally adjusted job additions of 200,000) would indicate, it seems fairly likely that the nation's unemployment rate will be higher…

A few readers asked me for my reaction to Derek Kravitz's December 23 report at the Associated Press on new-home sales. I thought that it was reasonably good, but felt that his leaving open in readers' minds the idea that this year's sales could conceivably top last year's was in bad form. I was too kind. Based on data available elsewhere, Kravitz should have known (and maybe did) that…

This is the seventh year I have looked into how the media treats two Christmas-related topics: The use of “Christmas shopping season” vs. “holiday shopping season” and the relative frequency of "Christmas" and "holiday" layoff references. Unfortunately, the hints of improvement late last year, when 20% of stories in the late December pre-Christmas search referenced the "Christmas shopping…

Yesterday at my home blog, in the wake of Uncle Sam's reduction of third-quarter growth in gross domestic product (GDP) from an annualized 2.0% to 1.8%, I predicted that the establishment press's reaction would be the following: “Yeah, but the fourth quarter will be 3% or more. It really, really will be. Please believe us.” Martin Crutsinger at the Associated Press made that easy prediction…

See-no-evil economic reporting during the Obama years has "somehow" missed a number of developments in the makeup of the American workforce which I believe would not have been missed (or deliberately overlooked, take your pick) if a Republican or conservative were in the White House. One of them relates to full-time employment. Did you know that seasonally adjusted full-time employment in…

Late Friday afternoon, Todd Shields at Bloomberg News broke a story about some guy, who happens to be an Obama and Democratic Party donor (but not disclosed), against whom the Securities and Exchange Commission is formally considering an enforcement action (also not disclosed, though it was noted at the New York Times's Dealbook Blog five hours before Shields's report), whose "wireless service…