Business Coverage

The climate conference in Paris hadn’t even begun, before climate alarmists were warning a far more stringent emissions agreement was necessary. British Labor Party politician Ed Milliband wrote for The Guardian on Nov. 22, that the Paris summit “can save the planet,” but not with the emissions pledges that are expected. Heralding the falling costs of solar and wind, Milliband claimed zero…

Certain types of energy are certain targets for the 190 governments’ representatives gathering in Paris this week  and from green activists surrounding the melee. The goal of the U.N. climate conference in Paris, known as COP21, is to get an international agreement on reducing carbon emissions, out of fear that climate change is a global threat. But the agenda of some developing nations to make…

If you think journalists' ignorance of American history and economic fundamentals is bad now, give it a few more years. The University of North Carolina's School of Media and Journalism "has updated its curriculum requirements to give students more choice and flexibility in meeting the school’s graduation requirements. The change is in response to consistent feedback the school has received from…

As yours truly noted in several posts at my home blog on Wednesday and at NewsBusters on Friday and Saturday, the torrent of pre-Thanksgiving "getaway day" economic data was largely disappointing. That didn't stop the Associated Press's Chris Rugaber from pushing the "All is well" meme late Wednesday afternoon, declaring, contrary to what anyone's eyes could see, that "the fundamentals of the U.…

The truth about this year's Thanksgiving and Black Friday store and online sales is out there. It's just that Christopher Rugaber at the Associated Press, aka the Administration's Press, wasn't interested in clearly revealing all of it. Instead, the AP economics writer told readers about the dollar amount of this year's and last year's Thursday and Friday store sales, but failed to quantify the…

On Wednesday, the Associated Press's Josh Boak added to the wire service's collection of weak "Getaway Day" business journalism by declaring that new-home sales "recovered in October." No they didn't. The seasonally adjusted annual rate of 495,000 units reported by the Census Bureau was the fourth-lowest monthly level seen this year, even well below the 521,000 and 545,000 reported in the…

Ever since the White House changed hands almost seven years ago, press reports on the U.S. economy have annoyingly overaccentuated whatever positives reporters might find (or think they have found), while ignoring glaring negatives and omitting key items. One example of such biased reporting came from the Associated Press's Martin Crutsinger on Wednesday. In covering the Census Bureau's October…

Appearing as a guest on Friday's Legal View with Ashleigh Banfield on CNN to discuss Chicago protests that threaten to disrupt Black Friday shopping, liberal CNN political commentator Marc Lamont Hill suggested that the police had arrested the killer of a nine-year-old boy because it "diverts attention" from the recent release of the police shooting video of Laquan McDonald. He also seemed to…

Economic news on Wednesday's pre-Thanksgiving "Getaway Day" was largely dismal. The government's report on October's personal income and outlays headed up the disappointing news. While incomes increased nicely — at a rate which needs to be repeated about two dozen more times before it can be seen as genuinely impressive — spending only rose by 0.1 percent, while prior months were revised…

As we head into the Christmas shopping season, yours truly regrets to inform readers that the relative frequency of late-November media mentions of the "Christmas shopping season" is at the lowest level in all of the years I have been tracking it — probably meaning that it's at an all-time low, period. This is Year 11 of an effort which began in 2005. Each year has involved Google News searches…

Call it the triumph of the "new normal." At Reuters today, after today's first revision of third-quarter gross domestic product showed that the economy grew by an annualized 2.1 percent, up from the late-October estimate of 1.5 percent, reporter Lucia Mutikani and Editor Paul Simao demonstrated that they have completely given in to the artificially lowered expectations of past seven miserable…

There was yet another sighting of the U-word ("unexpectedly") in connection with disappointing economic news today. Bloomberg News, which most frequently employs the word, told readers that "Consumer confidence unexpectedly declined in November to the lowest level in more than a year as Americans grew less enthusiastic about the labor-market outlook." Expectations were that confidence would…

Gosh, this gets tiresome. Once again, with one noteworthy exception, the business press's virtually blind acceptance of seasonally adjusted economic data, and its accompanying refusal to look at the underlying raw data, led it to paint a deceptive picture of an important element of the economy. This time, it was existing home sales for October. The seasonally adjusted annual rate for October…