Business Coverage

Andrew Couts at Digital Trends is apparently the one who has broken the story (link is in original) that "The exact cost to build Healthcare.gov, according to U.S. government records, appears to have been $634,320,919, which we paid to a company you probably never heard of: CGI Federal." Without getting into minutiae, some of that amount may not be directly related to HealthCare.gov, but…

Google News really needs to work on its results counter. The first page of its 10:15 p.m. search listings on [Obama "widespread evidence"] (typed exactly as indicated between brackets) tells us that there are "about 90 results," but moving to the second page of listed results shows there are only 11 (technically 13, because the first listing on the first page has three items). Those sparse…

Whether the ice caps are melting and by how much may be debatable, but the debate is over as to whether former Wall Street Journal weatherman Eric Holthaus, who now works at Quartz (qz.com), has had a meltdown.In a series of tweets on Friday afternoon (scroll down at link; HT Twitchy), Holthaus told the world of his reaction to the latest wave of hot air emanating from the Intergovernmental…

Joshua Freed's Friday afternoon report on the week's results in the stock market at the Associated Press spent nine paragraphs telling readers how the current budget battle in Washington and possible government shutdown are causing stocks to retreat. Though he obviously didn't admit it, Freed's narrative fell apart in later paragraphs as he discussed "mixed economic signals" which aren't mixed…

I guess the Associated Press's business and economics reporters feel they've done their jobs if they mention the relative donominance of new workforce entries by temps and part-timers once, while still denigrating the obvious validity of the latter — and pretend it never has to be mentioned again. That's how the AP's Christopher Rugaber can produce a writeup, as he did today, telling readers…

One thing which is almost as reliable as the sun rising in the east is the Associated Press, aka the Adminstration's Press, putting a better face on the federal government's fiscal situation than it deserves when a Democrat is in the White House. Almost as reliable is the arrival in a related report of some kind of statement about spending cuts which describes them as "deep," "steep," or some…

Summer is almost over, but Politico is still ready to throw lean, finely-textured beef back on the fire to cook some more, following ABC’s 2012 roasting of the product and the company that makes it. The Sept. 9 Politico story referred to the beef as “controversial” twice, “scraps” twice, and “the product” six times. It even referred to it as “remnant scraps of cattle carcasses.” The…

Catholic News Agency is ahead of the curve on a likely major development affecting a U.S. household name. The Coca-Cola Company's sponsorship of a "controversial Spanish reality (TV) show" ("disgusting" would appear to be a better word) in Spain is blowing up in its face, and not only because of the content of the program itself. The caustic reaction of a Coke executive to those who have…

If we're to believe Tom Raum's Friday afternoon report at the Associated Press, aka the Administration's Press, the economy is humming along smoothly enough that we really shouldn't think about it that much any more, especially as something to consider when voting. And besides, it's being "eclipsed" by "other pressing events." I'll stay away from those other "events" in the interest of…

Illinois Democratic Congresswoman Jan Schakowsky added her ignorant voice to the cacophony of economic confusion Thursday on the low-rated MSNBC show hosted by Chris Hayes. If a Republican congressperson made a statement as breathtakingly ignorant as the one you're about to see, it would get wider media play. Schakowsky's "brilliant" suggestion almost certainly won't. Why has nobody thought…

It must be nice to blithely talk about how you would spend somebody else's money without thinking through the consequences. Kendall Fells, the organizing director of Fast Food Forward in New York, told Yahoo Finance's Bernice Napatch at its Daily Ticker site that "McDonald’s made $5.5 billion in profits and there’s plenty of money to pay the workers who work there and new hires without firing…

Vickie Thomas and the news department at Detroit TV station WWJ really ought to be ashamed of themselves. The open question is whether they even know enough to be ashamed. In reporting on a Motor City McDonald's store which was forced to close — whether it was for a few hours or all day and night isn't disclosed — Thomas quoted a "protester" claiming that "McDonald’s made like $500 billion…

At Slate, Mark Lynas tells the story of activist-orchestrated media deception — although one sometimes wonders whether the press even minds being deceived in these instances, and in certain cases whether some journalists are in on the scam. The deception involves activists who are against any form of biotechnology advances laying waste to a field of genetically modified "golden rice" in the…

There are two key words missing from the report Bloomberg's Kasia Klimasinska & Shobhana Chandra published Tuesday morning — a writeup that is so incredibly sunny and over-the-top that is probably would have embarrassed the Old Soviet Union's Pravda in its heyday. One is "income." The reason is obvious. Real median household income is still way below where it was when the recession ended…