Business Coverage

Earlier today (at NewsBusters; at BizzyBlog), I noted that MSNBC's Melissa Harris-Perry blamed Detroit's bankruptcy on "government (that) is small enough to drown in your bathtub," and claimed that it reflects “exactly the kind of thing that many Republicans would impose on us.” Nothing can top that, right? Wrong. MSNBC's Ed Schultz did, by more directly blaming Republicans. With an…

Melissa Harris-Perry, one of the panel guests on MSNBC's "Now" program on Friday,  managed to tie Detroit's bankruptcy to small government, i.e., "when government is small enough to drown in your bathtub," and to analogize it to "exactly the kind of thing that many Republicans would impose on us." Really. The relevant transcript from RealClearPolitics, followed by comments from Erika Johnsen…

Today, as the wire service AFP reported in a story carried at Yahoo.com, Federal Reserve Chairman Ben Bernanke, in the question and answer exchange after his prepared testimony, told the House Financial Services Committee that "If we were to tighten (monetary) policy, the economy would tank." That assessment of the economy's fragility qualifies as news, especially given the Obama…

Whatever they're paying Teresa Ghilarducci, who is "the Bernard L. and Irene Schwartz chair of economic policy analysis at the New School for Social Research," it's too much. The bolded sentences seen after the jump which Ms. Ghilarducci included in a Friday New York Times op-ed (HT "Mungowitz" at the "Kids Prefer Cheese" blog via Megan McArdle) makes my contention an open and shut case (…

This one is a lead candidate for top placement in this week's "Even a stopped clock is right twice day" file. MSNBC's Michael Smerconish, whose NewsBusters archive exposes him as a Barack Obama-supporting, right-wing conspiracy-mongering faux conservative, had a perhaps surprising reaction to the District of Columbia City Council's 8-5 vote to force Walmart and other big box retailers in the…

Director and provocateur Josh Fox is confident “There is no safe drilling” and has made two of what The New York Times called “muckraking documentaries” crusading against the practice of hydraulic fracturing or “fracking.” His movies are powerful propaganda rife with misleading or inaccurate claims and leave little to no room for the other side. “Gasland Part II” barely acknowledged there is…

The flaming water faucet shown in the anti-natural gas drilling film “Gasland,” has become the first thing many people think of when they hear of gas drilling, or “fracking.” But that claim turned out to be completely wrong. Investigators determined that Colorado water well had been drilled into a pocket of methane and had nothing to do with fracking. Josh Fox’s follow up, “GasLand II” debuted…

In a Sunday morning story which will likely have limited reach, and will then probably be considered old news by the time the business week resumes tomorrow, the Associated Press, aka the Administration's Press, finally got around to recognizing a trend on which yours truly and others have been commenting for at least 2-1/2 years: the surge in employment at temporary help services. That the…

It wasn't a tough prediction, but late Friday morning Noel Sheppard at NewsBusters noted the seemingly "metaphysical certitude the Obama-loving media will be falling over themselves in the next 48 hours to report the better than expected jobs numbers in June." Well, of course. Noel also wondered how much attention the press would pay to less than desirable aspects of yesterday's jobs report…

I suspect that a number of people are tired of the establishment press telling us how so many economic reports have "best in" or best since (specific month in) 2008 (or 2007)" figures, especially the ones that still don't reflect what anyone would consider acceptable in normal economic times. Just a few examples include housing starts, housing permits, new home sales, existing home sales,…

On Sunday, in a report which I contend would surely have been published on a weekday -- and more importantly, published with far greater clarity -- if a Republican or conservative were in the White House, the Associated Press's Paul Wiseman essentially explored the following question: "Why aren't people spending more if they're so much richer?" The answer he found, which should surprise no…

Before the government released its first estimate of first-quarter economic growth in late April, the establishment press, particularly Bloomberg News and the Associated Press, salivated at the chance to report the then-predicted "robust" annualized growth of 3 percent and to describe how the economy had "accelerated" from the previous quarter's pathetic 0.4 percent. When that first estimate…

Continuing the business press's slavish devotion to seasonally adjusted figures in government reports to the exclusion of looking at what actually happened, Martin Crutsinger at the Associated Press, aka the Administration's Press, began his Tuesday dispatch on May's new-home sales report from the Census Bureau as follows: "Sales of new homes rose in May to the fastest pace in five years, a…

When last seen at NewsBusters in February, the Associated Press's Liz Sidoti was talking down to the public about its "collective obsession with the trivial" less than a week after AP reporter Ken Thomas wasted 500 words of print and bandwidth on how Florida Sen. Marco Rubio took a sip of water during a speech. Now Sidoti, who is the AP's National Political Editor, is quite worried --…