Business Coverage

Is AP reporter Christopher Rugaber taking yours truly's admonishments to heart? Either he is, or there were a number of odd coincidences in his reports today (early; later) on the small drop in initial unemployment claims (to 422,000, from an upwardly revised 428,000 the previous week) reported by the Department of Labor this morning. Last week (at NewsBusters; at BizzyBlog), I criticized…

Warning: The following cop-out explanation by Associated Press Retail Writer Mae Anderson will make many readers' heads hurt. Knowledge that she found an economist willing to support it may cause migraines. Consumer confidence as reported by The Conference Board fell to 60.8 in May from 66.0 in April -- "unexpectedly," of course, as the headline for Ms. Anderson's article indicates. But…

Associated Press Economics Writer Paul Wiseman apparently exhausted his supply of adjectives to describe the current state of the U.S. economy, and came up with a new one. Today's news wasn't good. The Institute for Supply Management's Manufacturing Index plunged from 60.4% to 53.5%. While still indicating expansion (any value above 50% means that), it's the biggest one-month drop since…

Editor's Note: This first appeared in BigGovernment.com. We have oft discussed the Orwellian manner Leftists do, well, everything. And specifically how they go about naming their gaggles – the groups they form to advance their Leftist agenda. The Media Marxists looking to eradicate all private ownership of news and communications – so as to have the government be your sole provider of…

It would appear, according to the Associated Press's Christopher Rugaber, that something unusual had to explain why initial unemployment claims as reported by Uncle Sam's Department of Labor rose to a seasonally adjusted 424,000 during the week ended May 21 when they were expected to decline. In previous weeks, poor performances have been explained by DOL spokespersons as due to the unusually…

In a post time-stamped on Saturday at 12:16 p.m., CNNMoney.com has a story (HT Ed Driscoll via the PJ Tatler) headlined "Florida and Texas in jobs p*ssing match" (except that there's an "i" where I typed an asterisk). Since the story has been up for at least 12 hours (maybe longer, given that the its URL is dated May 20; Update, May 22, 5 p.m.: The comments at a cached CNN Political Ticker…

In their coverage of Herman Cain's official announcement that he is a candidate for the Republican nomination for President of the United States, Associated Press reporters Shannon McCaffrey and Greg Bluestein limited their description of Cain's tenure as chief executive of Godfather's Pizza to the following: He worked at Coca-Cola, Pillsbury and Burger King before taking the helm of the…

Normally the announcement that a government official is leaving a post to join a company they had oversight of would invoke cries of crony capitalism from the likes of NBC Nightly News anchor Brian Williams, but when that person is joining your company it makes for quite the awkward news brief. Williams, to date, has expressed no outrage at the fact that FCC commissioner Meredith Baker is…

Shortly after 8:30 this morning, I began thinking that my CNNMoney.com e-mail alerts had stopped arriving. So I went to the Census Bureau's web site and learned that its monthly report on housing starts, building permits, and other construction-related news had indeed been released. The news for the already moribund industry was awful: Building permits in April fell by a seasonally adjusted 4%…

In an unbylined report this morning on homebuilders' continued pessimism, the Associated Press continues to mislead its readers and other news consumers about just how bad the market for new homes has been during the past two years. The government has been reporting new home sales since 1963. The 320,000 news homes sold in 2010, which followed sales of only 375,000 in 2009, are the two worst…

How convenient. Via Editor and Publisher, the newspaper industry's Audit Bureau of Circulations, in issuing its March 31, 2011 circulation figures, tells us we shouldn't try to compare this year's numbers to last year's: Because of the new and redefined categories of circulation on this FAS-FAX report, ABC recommends not making any direct comparisons of March 2011 data to prior audit periods…

Yesterday evening (late afternoon West Coast time), Phil Bronstein at the San Francisco Chronicle informed his readers that one of its reporters had been banned by the Obama administration: The hip, transparent and social media-loving Obama administration is showing its analog roots. And maybe even some hypocrisy highlights.   White House officials have banished one of the best…

MSNBC's Chuck Todd rattled off a list of reasons to explain the sharp rise in the price of oil – none of which included Barack Obama's offshore drilling moratorium – and was "confused" about why anyone would blame the president for the prospect of $4 per gallon gasoline. On the April 28 "Daily Rundown," Todd suggested the Federal Reserve's quantitative easing measures and increases in global…

Dismal economic growth.  It's hard to be upbeat about that but since it occurred during a Democrat administration, Reuters does its best to accentuate whatever positive it can find in its report. First the downbeat news as relayed by Reuters reporter Lucia Mutikani: WASHINGTON (Reuters) – Economic growth slowed more than expected in the first quarter as higher food and gasoline prices…