Business Coverage

Today, the White House's Office of Management and Budget published its Mid-Session Review (large PDF), an economic forecast projecting, among other things, that Gross Domestic Product (GDP) for calendar 2011 will be 1.7%. That doesn't sound like much (and it isn't), but to get there growth will have to almost triple its most recently reported level during the second half of the year. Second-…

Two weeks ago (at NewsBusters; at BizzyBlog), yours truly pointed out how establishment press coverage of the bankruptcy of Massachusetts-based Evergreen Solar had emphasized its Bay State assistance, and only rarely brought up how it benefitted by being able to sell solar panels it otherwise would probably not have bothered to produce to projects benefitting from American Recovery and…

Poor President Obama. There's only so much he can do to lift the economy. He's tried so much already, yet somehow it just hasn't worked. Now his options are limited by those darned Republican demands for "fiscal austerity" and a "tight debt ceiling" (of "only" $2.4 trillion) which was only raised by enough to get him through his reelection effort (in 14-1/2 months). This is the utter garbage…

Maybe AP stands for "Alternative Planet." In an early version of Julie Pace's coverage of President Obama's selection of Alan Krueger to be the next head of the White House Council of Economic Advisers, the following paragraph appeared (bolds are mine):

There’s some strange respect shown today for one particular multi-billionaire investor in the liberal pages of the New York Times. Friday’s lead story by Nelson Schwartz, “Buffett to Invest $5 Billion In Shaky Bank of America.” introduced Buffett as “Warren E. Buffett, the legendary investor, is sinking $5 billion into Bank of America in a bold show of faith in the country’s biggest, and most…

In his coverage of the Department of Labor's weekly report on unemployment claims this morning, the Associated Press's Christopher Rugaber, after noting how initial claims filed by Communications Workers of America members who are on strike against Verizon (more on that later) inflated this week's and last week's results, wrote that "excluding the work stoppage, layoffs appear to be stabilizing…

In the latest in a series of snipes from reporter Ashley Parker directed at Republican candidate Mitt Romney, a brief “Caucus” item in Thursday’s New York Times, “Romney Stands By Corporations Remarks,” suggested Romney’s remark to a heckler that “corporations are people, my friend” made him look like “an out-of-touch millionaire.” But isn't Romney right? (Parker’s article first appeared in a…

To you or me this commercial is a pitch for a smartphone being sold by Verizon Wireless. To the Washington Post it may be the subtle racism of typecasting Asian actors into tech-wiz roles. Reporter Paul Farhi expended 26 paragraphs on how Asian actors are "shown as intellectuals, but some resent the stereotyping":

While campaigning President Obama promised to create 5 million “green” jobs, and shortly into his term he announced a “task force” to do just that. His stimulus package included tax credits for renewable energy companies, allotted funds for weatherization and more. Now with the economy once again on shaky ground the President may pivot back to jobs in September, specifically of the “green”…

On August 15, the Boston Herald, the Boston Globe, and the Associated Press all reported that Massachusetts-based Evergreen Solar had filed for Chapter 11 bankruptcy. Oddly enough (no, not really), The New York Times, which published a 1,600-word report in January (HT to an NB emailer) on the company's competitive difficulties, did not take note of Evergreen's filing. Each of the three…

Establishment press reporters will insist from now until the cows come home that they play it straight. Their actions all too often belie their claims. One such face-hitting example came yesterday in Associated Press reporter Chris Rugaber's coverage of the government's Regional and State Employment and Unemployment report. If it weren't already given away in this post's title, veteran media…

On Wednesday's NBC Today, co-host Matt Lauer teased an upcoming segment on unemployment by fretting: "And just ahead, help not wanted. If you're one of the 14 million Americans looking for work, you may have noticed a growing trend. Employers are posting job ads that say they're seeking only people who are currently employed or just recently laid off. Is that discrimination…

The Christian Science Monitor appears to have a problem monitoring its bloggers. Even though it asserts that its "diverse group of the best economy-related bloggers out there ... (have) responsibility for the content of their blogs," the largely respected CSM should understand that Jared Bernstein has just embarrassed it bigtime. To its credit, CSM describes Bernstein, currently a senior…

At first blush, it might seem hard to imagine how one can contend that a press report describing an industry sector as operating "at depressed levels" and at volumes that are one-half of what "economists consider to be healthy" isn't telling the whole truth. But that's exactly how I would describe Tuesday's writeup by the Associated Press's Derek Kravitz after July's Census Bureau release on…