Business Coverage

In an apparent attempt to reach those who usually don't pay much attention to the economy, USA Today sent out a tweet Thursday afternoon in the wake of the government's report earlier in the day that the U.S. economy contracted by an annualized 1.0 percent — on its weather feed. The tweet (HT Zero Hedge), plus evidence that the economy has somehow managed to "weather" previous cold and stormy…

In July 2013, the Associated Press's Christopher Rugaber finally noticed the meteoric rise in the number of temporary help service and other non-payroll personnel working at U.S. employers — a trend which at the time was about 2-1/2 years old. Rugaber noted that "temps and to a much larger universe of freelancers, contract workers and consultants ... number nearly 17 million people who have…

Last night (at NewsBusters; at BizzyBlog), I pointed to the track record of Dean Baquet, who has ascended to the hallowed perch of executive editor at the New York Times, and observed that "someone who has clearly been a troubling and disruptive presence is now in charge." Two incidents spanning seven years support my contention. The first occurred in 2006 at the Los Angeles Times, where…

The season finale of The Good Wife will air tonight (Sunday) on CBS. Last week’s episode included a quick pot-shot, from lead character “Alicia Florrick” played by Julianna Margulies,  at legendary libertarian author Ayn Rand. She declared Rand’s books are “awful,” snidely asserting: “A guy bombs a building, the rich go out on strike. It’s a 12-year-old’s view of the world. It’s like basing…

A search at 11:00 p.m. ET tonight at the Associated Press's national web site on "Serco," the company with a five-year, $1.25 billion contract to process paper Obamacare enrollment applications, returned no results. That's absolutely pathetic, given that St. Louis TV station KMOV, based on multiple accounts from several current and former employees and contractors, has reported that the company…

The Jill Abramson firing continues to gain wide attention in media circles. Buzzfeed released an exclusive story linking it to a 96-page internal memo about innovation. That memo showed the Times willing to consult with at least 354 people inside and outside the organization. Along with one highly unusual choice – actor/model Fabio. Fabio, that’s right, Fabio. The Italian actor known to many…

Is “The Gray Lady” that way because the sexist owners of The New York Times won’t pay her enough for a proper dye job? This and other delightfully schadenfreude-alicious questions are worth pondering now that the paper has “unexpectedly” fired executive editor Jill Abramson on May 14. Abramson stepped into that role on September 2011, becoming the first female executive edtior at the Times,…

It looks like the "weather" excuse the press went to repeatedly to explain weak economic results in December, and January, and February, and March still has life in April. But this time, warm weather (which most of us would find "good," at least in April) is to blame. An early afternoon report (relevant portion saved here in graphic form) on the Dow's 200-point mid-day dip by the Associated…

The Associated Press's unbylined coverage of the Census Bureau's April retail sales report — sales rose 0.1 percent, falling far short of consensus expectations of 0.4 percent, a result Reuters predictably called "unexpected" — slipped in a sentence that had me rubbing my eyes. In early May, after the government announced that first-quarter gross domestic product growth came in at a barely…

The Associated Press's unbylined 2:25 p.m. report on the government's April Monthly Treasury Statement contained an unhealthy dose of the historical revisionism we've come to expect from the outfit which really should be called in the Administration's Press. AP's tallest tale is in ascribing the four annual deficits of over $1 trillion incurred from fiscal 2009 through 2012 entirely to the "…

If I didn't know any better, I might have thought, based on an Associated Press report tonight by business writer Bernard Condon prepared with the help of four others, that governments everywhere had reinstituted child labor for those as young as six years old. That's the only way to support the claims Condon made about how the birth dearth in the developed world driven by the 2008 financial…

In stark contrast to the celebratory "AMERICAN ECONOMY BOUNCES BACK FROM BRUTAL WINTER" headline Friday afternoon at the Associated Press, aka the Administration's Press, Ben White's "Morning Money" report at the Politico is notably concerned about whether Friday's "vexing jobs report" justifies the kind of optimism the AP conveyed with seeming finality in its headline. To be fair, the…

This morning (at NewsBusters; at BizzyBlog), I noted that Friday afternoon's coverage of the government's jobs report at the Associated Press by economics writers Christopher Rugaber and Josh Boak carried predictions of "nearly 3 percent" economic growth this year. Those predictions ignore how difficult achieving that will be after the first quarter's miserable 0.1 percent annualized result and…

In a Friday afternoon dispatch issued in the wake of the government's jobs report earlier that day, Christopher Rugaber and Josh Boak at the Associated Press wrote that "most economists ... forecast a strong rebound in economic growth - to a 3.5 percent annual rate in the current April-June quarter. And growth should reach nearly 3 percent for the full year, up from 1.9 percent in 2013, they…