Associated Press

Here's how a "Business Highlights" item at the Associated Press summarized the situation between Timothy Geithner and London banks whose officials had admitted to rigging the London Interbank Offered Rate ("Libor") on Friday evening: "The Federal Reserve Bank of New York released documents Friday that show it learned five years ago of big banks understating their borrowing costs to manipulate a…

Democrats are at it again, claiming that Republicans, particularly House Republicans, are sabotaging the economy, while ignoring the quite effective job President Barack Obama has done to ruin the economy both on his own (regulatory and anti-fossil fuel hostility, wasteful green "investments," etc.) and with the help of Congressional Democrats when they controlled both Houses of Congress (…

One might think that yours truly, who has been nagging the establishment press for years over its blind acceptance of seasonally adjusted data in government economic and employment reports, would be pleased to see that the Associated Press's Christopher Rugaber finally got around to making such adjustments the primary focus of his final report on the most recently released unemployment claims…

My, it was awfully nice of Marcy Gordon at the Associated Press, aka the Administration's Press, to give Treasury Secretary Tim Geithner such excellent protection in her report on the New York Federal Reserve Bank's release of documents relating to its knowledge of the manipulation of the "Libor" (London interbank offered rate) used as the basis for the pricing of trillions of dollars of loans…

Imagine how much laughter would be induced by a young person who claimed an inability to find work because he or she lacked the time to obtain a Social Security card. Even more laughable would be someone who takes the time to fly from Texas to Washington, D.C. in order to testify at a trial yet claims she can't find the time to obtain a voter identification card. Well, Henry Jackson of the…

Not only is the Associated Press aptly currently described as the Administration's Press -- as least as long as the White House's current occupant remains there -- it also seems to be serving as the Administration's Protection. In a story about the "Lie-bor" scandal, wherein British banks have admitted to colluding to set the London Interbank Offered Rate (LIBOR) -- arguably the world’s most…

Barack Obama has trouble telling the truth. This is the man who admitted his memoir "Dreams of My Father" was semi-fictional. “For the sake of compression, some of the characters that appear are composites of people, I’ve known, and some events appear out of precise chronology.” Translation: On some pages, I’m taking poetic license with the facts to burnish my image.

It seems that Matt Drudge is a better headline writer than whoever at the Associated Press performed the same task at its story about California lawmakers' passage of "building the nation's first dedicated high-speed rail line, a multibillion dollar project that will eventually link Los Angeles and San Francisco" -- if sanity doesn't prevail in the meantime. Since late yesterday, Drudge's…

The establishment press often pays a price in lost credibility when it ignores important economic reports. The original omission is bad enough, of course. But when subsequent business coverage makes assertions which the ignored reports directly refute, it leaves you wondering why you should even try to believe anything they compose. Such is the case with Martin Crutsinger's report today on…

In an analysis piece which, based on its title ("In divided era, what does July 4th mean?"), was as predictable as heat in July, Ted Anthony, who is tasked with writing "about American culture" at the Associated Press, attempted to explain, 236 years in, where what he claims is "the only nation in the world that was built solely upon an idea" stands. (Communism as an idea is what originally…

A write-up with a current time stamp of Tuesday afternoon on how shocked (shocked, I tell you) legal Mexican immigrants and Mexican illegal aliens in the U.S. are that the Institutional Revolutionary Party (PRI) just won a plurality of the popular vote in "their homeland" by the the Associated Press's Julie Watson posited as a fact a statement so obviously false that you have to wonder if she…

If it weren't so distortive of the political system, liberal media bias would be downright hilarious, particularly when it's manifested in journalists' ability to turn on a dime and engage in rhetoric that they previously condemn when used by others.  You can't help but smile after reading Associated Press reporter Seth Borenstein's attempt to blame a few windstorms and hot weather on global…

At the Associated Press, Christina Rexrode placed the blame for Monday's mediocre performance in the stock market squarely and obviously where it belonged: "Stocks struggled to stay out of the red in quiet holiday-week trading after a trade group said American manufacturing shrank in June for the first time in almost three years." The trade group involved is the Institute for Supply Management…

I'll bet it would shake people up to know that all of the recent and steep decline in consumer confidence has occurred in households earning $75,000 or more per year. On Friday, the June Thomson Reuters and the University of Michigan Survey of Consumers told us just that. The key sentence in the U of M press release reads as follows (PDF; bold is mine): "Perhaps of greater importance was that…