Bloomberg

As I was looking for news coverage of Thursday's horrid factory orders report from the Census Bureau late last week, I came across an incredibly optimistic Blomberg News report by Victoria Stilwell. The headline of her story on July 1, the day before that factory orders release, read: "Factories Making a Comeback as U.S. Domestic Demand Picks Up." My reaction: On what planet? It turns out that…

The media’s tendency to use the Pope to criticize Republican candidates and officials was on display Wednesday afternoon as MSNBC’s Live with Thomas Roberts and Bloomberg’s With All Due Respect took shots at the 2016 GOP presidential field and, specifically, Catholics Jeb Bush and Rick Santorum (in the case of the latter show) for opposing Pope Francis’s upcoming encyclical on global warming.

Today's release from the Federal Reserve on industrial production (including mining and utilities) told us that it declined by a seasonally adjusted 0.2 percent in May. It was the sixth consecutive month showing a decline or no gain, during which time output has fallen by 1.1 percent (not annualized). Bloomberg News, which reported that economists and analysts expected an increase of 0.2 percent…

On Thursday, the Census Bureau's report on May retail sales said that seasonally adjusted sales came in 1.2 percent higher than April. The press almost universally cited that result as demonstrating that the economy's rough patch earlier this year is likely over. Yours truly and the contrarians at Zero Hedge both noted that the result is highly suspect, and doesn't adequately reflect the raw…

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…

In a contest for the most consistent media fool of the year, Bloomberg's Mark Halperin would be an early favorite to take the top prize for 2015. This year, Halperin has already had at least three instances of outrageous hackery. As will be seen, for sheer hypocrisy, his most recent is arguably his worst.

As we have seen, members of the mainstream media met to complain about the "excessively tight grip on information" by the Hillary Clinton campaign. So what was the reaction? As relayed by Texas Southern University where Hillary will be appearing tomorrow, "There will be NO opportunities to interview Hillary Clinton; her speech will be her interview." Got that? Yet another lesson from the Clinton…

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…

Dem strategist Steve McMahon prefaced his remarks with the standard tongue-in-cheek disclaimer about not intending to hurt, by praising him, the prospects of someone from the other party. On this evening's With All Due Respect, McMahon then proceeded to gush over Marco Rubio, saying that listening to him recount his life story as the son of immigrants "melts my heart."  McMahon predicted that…

During a presidential campaign visit to Beaumont, Texas, on Tuesday, U.S. senator Ted Cruz finally became so exasperated with the constant barrage of reporters' inquiries about homosexuals' rights that he suggested Kevin Steele of KMBT-TV refrain from getting his questions “from MSNBC. They have very few viewers, and they are a radical and extreme partisan outlet.” Cruz also referred to the U.S…

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…

Today, Bloomberg TV's Mark Halperin inadequately apologized for his conduct and line of questioning during an April 30 interview of GOP presidential candidate which came off as rude and racist to many who saw it — well, basically because it was. As Tim Graham at NewsBusters noted on Sunday, and as will be seen in the video following the jump, Halperin engaged in a "prove-you're-a-Cuban" line of…

It appears that someone might need to schedule an intervention with the Associated Press's economics writers. In his dispatch published a half-hour after the government's March release on international trade at 8:30 this morning, the wire service's Martin Crutsinger quoted a normally upbeat economist who was singing the blues about the result's effect on previously reported first-quarter…

For all the good their Ivy League degrees did Barack Obama and Hillary Clinton—when you consider the smoking ruin that is their foreign policy record—you'd think John Heilemann would have the good sense not to make an Ancient Eight sheepskin the sine qua non for a presidential candidate. But with his MSM elitism on full display,, on today's With All Due Respect Heilemann had the chutzpah to…