Business Coverage

The business press has gotten really excited about the possibility — some of them are even treating it as a probability — that the first-quarter's recently reported annualized economic contraction of 0.7 percent will go positive if it gets revised for so-called "residual seasonality." "Residual seasonality" is "the manifestation of seasonal patterns in data that have already been seasonally…

After the U.S. Environmental Protection Agency issued a draft report on Thursday declaring that, in his own words, "The government has no public safety justification to ban" hyrdraulic fracturing, or fracking, Houston Chronicle business writer Chris Tomlinson falsely claimed that the industry believes it "needs no regulation." Tomlinson formerly toiled at the Associated Press, and it shows. One…

On Wednesday, only CBS This Morning noticed a setback for Democrats proposing a massive tax hike in Connecticut, with co-host Norah O’Donnell reporting: “The Connecticut Post says two major corporations, General Electric and Aetna, forced changes in Connecticut's proposed budget. The companies said they would consider leaving the state over plans to raise business taxes. Democratic lawmakers…

This morning's April factory orders report from the Census Bureau showed yet another seasonally adjusted decline. This time, they fell 0.4 percent, seriously underperforming expectations that they would come in flat. This naturally brought forth another sighting of the U-word ("unexpectedly"), this time at Reuters. Both Reuters and the Associated Press failed to note how steep the year-over-year…

This shouldn't be a trick question, but to the nation's establishment press business reporters it apparently is: What is the current length of the U.S. economy's expansion? The answer, after yesterday's reported 0.7 percent annualized contraction in U.S. Gross Domestic Product, is obviously zero. But that's not what Bloomberg News and reporter Sho Chandra, who has used her full first name of…

This has to be the month's top entry in the "Just when you think you've seen it all" category — and it will be more than a little interesting to see how the nation's press handles it. As the Associated Press reported a week ago, the City Council in Los Angeles, by a vote of 14-1, ordered the drafting of a law mandating a citywide minimum wage of $15 per hour by 2020, noting that "the support of…

Seldom does one see such an obvious betrayal of reporters' biased mindsets as the one found in the opening paragraph of an Associated Press report earlier today on CEO pay at major U.S. publicly-held companies. According to the AP's Steve Rothwell and Ryan Nakashima, that entertainers, whose incomes are derived from leveraging special physical and artistic talents, deserve all the money they can…

Given how much wailing and gnashing of teeth there was in the press when the old Hostess liquidated in 2012, a mid-April story at Forbes on the company's has gotten surprisingly little attention. Well, maybe it's not that much of a surprise, for reasons which will be indentified here. Readers may recall that the final straw in that drama occurred late that year when the the AFL-CIO-affiliated…

On May 5, PolitiFact's Louis Jacobson kept with the alleged "fact-checking" web site's actual role as pack of leftist hacks by issuing a fundamentally dishonest "Half True" ruling on a statement made by CarlyFiorina.org's cybersquatter. I raise the matter now because the web site's critics, while raising most of the relevant points, haven't gone far enough in tearing apart Jacobson's work. As…

On Tuesday, Associated Press reporter Martin Crutsinger celebrated the federal government's large April budget surplus, caused by "a flood of tax payments (which) pushed government receipts to an all-time high." He didn't mention that the tax payments were higher largely because of tax increases passed in 2013. It certainly didn't occur because of an improving economy — because it's not…

On May 1, the Associated Press's Paul Wiseman was pleased to tell the wire service's readers and subscribing outlets that "The University of Michigan's sentiment index rose to 95.9 from 93 in March," reaching "its second-highest level since 2007." Among other things, the survey's chief economist said that the result reflected "improving prospects for jobs and incomes." What a difference two…

When it comes to Hollywood, Proverbs got it right: there is nothing new under the sun. Trailers for ABC’s fall TV lineup are being released and the new show OIL appears to be more of same anti-gas and oil propaganda television networks and movie producers have been dredging up for years.

Chuck Todd should have been ready for this, but he wasn't. Just a few days days ago, on the very network at which Todd toils, "Late Night" comedian Seth Meyers thought he would be cute and embarrass GOP presidential candidate Carly Fiorina over not registering the CarlyFiorina.org domain, thereby allowing a critic to take it and use it as a platform for criticizing her tenure as H-P's CEO.…

On Thursday, Jennifer Grayson, who fancies herself as an "environmental journalist," exposed herself as a truly annoying scold. Grayson wrote in a Washington Post column that those of us who show our appreciation for others by giving them flowers as part of our overall enjoyment of life are really showing that we are either ignorant of or don't "care about Mother Earth." Grayson concocts her…