Bloomberg

By Tom Blumer | May 20, 2013 | 10:52 PM EDT

Old dog, same old tricks.

At Bloomberg Views, Al Hunt, formerly "the executive editor of Bloomberg News, directing coverage of the Washington bureau," referred to the controversies swirling around the White House as "faux scandals" and insisted that ... wait for it ... the Obama administration "is the most scandal-free administration in recent memory." No wonder Bloomberg News developed into such a hopelessly biased outfit while he was there. As much as I could stand to excerpt from Hunt's harangue follows the jump (bolds and numbered tags are mine):

By Tom Blumer | May 13, 2013 | 11:00 AM EDT

It says something about the seriousness of the rest of the news during the past several days when a story about unethical spying by reporters working for a company founded and built by the current mayor of New York City barely makes a ripple.

It has been alleged, and now admitted, that Bloomberg reporters monitored terminal login activity to develop stories about possible Wall Street executive departures before anyone else outside the entities involved knew and for other news-gathering purposes. The practice appears to go back to when Gotham Mayor Michael Bloomberg was still at the helm of Bloomberg LP, as seen in the bolded sections in the excerpt from a Saturday CNBC news story which follows the jump:

By Noel Sheppard | April 30, 2013 | 2:40 PM EDT

Here's a headline I bet you thought you'd never see written by a liberal columnist: "How Sarah Palin Is Right About Washington."

Yet there it was at Monday's Bloomberg View written by none other than Margaret Carlson who most of you likely remember as one of the perilously liberal contributors to the old CNN political talk show Capital Gang:

By Tom Blumer | April 28, 2013 | 12:48 PM EDT

On Friday, the government reported that the economy grew by an annualized 2.5 percent during the first quarter. As I noted in Part 1 (at NewsBusters; at BizzyBlog), three establishment press outlets (CNN, Bloomberg, and Reuters) pronounced the result "disappointing" -- but not Martin Crutsinger and Christopher Rugaber at the Associated Press, whose headline read "AFTER NEAR-STALL IN LATE 2012, US ECONOMY PICKS UP," and whose content described the economy as having "quickened its pace" as "the strongest consumer spending in two years fueled a 2.5 percent annual growth rate in the January-March quarter."

It turns out that the AP pair's enthusiasm was not only not shared at other news organizations. It wasn't even shared within AP, as will be seen after the jump.

By Tom Blumer | April 28, 2013 | 11:32 AM EDT

On Friday, the government reported that the economy grew by an annualized 2.5 percent during the first quarter. The awful 0.4 percent result seen in the fourth quarter was largely sloughed off as caused by a number of one-time factors. Analysts convinced themselves that reported first-quarter growth would come in at 3.0 percent or slightly higher in Friday's release. Instead, we saw what Zero Hedge noted was the biggest such expectations miss since September 2011.

As a result, at least three establishment press organizations pronounced the result disappointing -- except for two business reporters at the Associated Press whose names are virtual fixtures here.

By Tom Blumer | March 22, 2013 | 11:33 PM EDT

I don't know whether AP Food Industry Writer Candice Choi misidentified the union responsible for the final demise of Hostess late last year deliberately or out of ignorance.

But in the final five paragraphs of her report on the company's sale of several of its best-known brands to two investment groups, Choi definitely blew it (bolds are mine throughout this post):

By Tom Blumer | March 17, 2013 | 1:29 PM EDT

There's a reason why Media Research Center sister site CNS News had to put out a story about how much the government has spent so far this year -- $1.505 tillion -- after Wednesday's release of the February Monthly Treasury Statement: Two of the three major wire services failed to report that obviously important number, and the third saved it for their writeup's final sentence.

What follows are excerpts from the respective Wednesday reports at Bloomberg, Reuters and the Associated Press.

By Randy Hall | March 8, 2013 | 12:08 AM EST

Liberal columnists don't need much information to brand Republicans as extremists. Among their meager requirements are an analogy taken out of context or a false extrapolation of something a GOP official said.

A recent example of this is an article by Bloomberg News Washington editor Al Hunt, who twisted a remark made by Rep. Steve King to declare the Iowa Republican a “fringe fanatic” because he said the United States gets “the cream of the crop” of legal immigrants and compared that to getting “the pick of the litter” when choosing a bird dog.

By Kyle Drennen | February 22, 2013 | 5:03 PM EST

Appearing on Friday's Andrea Mitchell Reports on MSNBC to discuss the upcoming budget sequestration, Bloomberg View columnist Margaret Carlson touted President Obama's ability "to manipulate some of these cuts so that they're going to hurt and people are going to see them," in order to put pressure on congressional Republicans. [Listen to the audio or watch the video after the jump]

Carlson then proclaimed: "I think we'll start hearing, you know, squeals, when, as [Transportation Secretary] Ray LaHood predicts, you know, we see those first lines at the airport. And it may even hurt, you know, those wealthy Republicans who don't have private jets, when air traffic control and the transportation security lines grow longer."

By Tom Blumer | February 16, 2013 | 8:10 PM EST

On Friday, Renee Dudley at Bloomberg News exposed the contents of February 12 internal emails revealing that Walmart executives are worried -- very worried -- about sales during the first 10 to 14 days of the its most current fiscal period (mostly likely either the first 10 days of February if the company works with calendar months, or 14 days if it began the second period of the fiscal year on Monday January 28).

Their primary concerns are the payroll tax hike and delayed tax refunds, but they may also need to start worrying about higher gas prices (bolds are mine):

By Tom Blumer | February 2, 2013 | 6:38 PM EST

Following the governmemt's Employment Situation Summary yesterday, two words were noticeably absent at the Associated Press (here, here, and here), Bloomberg, Reuters, CNBC, and the New York Times: "seasonally adjusted."

While they told their readers of the number of jobs supposedly added in total (157,000) and in other sectors, the fact remains that in the real world, before seasonal adjustment, the government told us, as is the case every January, that employment declined steeply. In January 2013, the government estimates that 2.84 million jobs were lost.

By Tom Blumer | January 24, 2013 | 11:27 PM EST

For the second week in a row, actual (i.e., not seasonally adjusted) unemployment claims as reported by the Department of Labor came in greater than the analogous week in 2012. 

At the same time, and also for the second week in a row, the department's seasonally adjusted claims number -- the only one the business wire services ever specifically identify in their reports -- came in lower. In today's instance, raw year-over-year claims were almost 5 percent higher than the same week a year ago, but the year-over-year seasonally adjusted figure came in 11 percent lower. That's bad enough, but then the wires compounded the problem by running with indefensible conclusions based on DOL's contradictory data.