Business Coverage

In all too predictable fashion, the Associated Press's Martin Crutsinger, in his first and perhaps only report (saved here for future reference, fair use and discussion purposes) on January's Monthly Treausry Statment which showed a small surplus, pulled out the old "Bush ran deficits too" bromide to minimize the historically outsized deficits the Obama has overseen. Crutsinger also…

If beauty is truly in the eye of the beholder, then the host of “The Ed Show” on MSNBC is definitely wearing blinders. During the Wednesday night edition of his program, Schultz attacked Steve Doocy of the morning “Fox and Friends” show for stating that former Secretary of State Hillary Clinton is the subject of a new website that is “showing off this glamorous new face. Face-lift,…

In a Friday editorial, Investor's Business Daily picked up a disturbing downside in the January 2013 jobs report released by the government's Bureau of Labor Statistics earlier that day: More people are working, but they're working fewer hours per week. In certain sectors, including retail, the industry's aggregate hours worked actually shrank compared to January 2012. Memo to Chris Rugaber at…

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…

Yesterday at the Associated Press, aka the Administration's Press, Christopher Rugaber really wrote that the government's Employment Situation Summary released Friday was "mostly encouraging." The Friday morning dispatch, still present at Yahoo News but which has understandably disappeared from the wire service's national site, stuck with his smiley-faced description even as he noted, "one…

This is so pathetic and predictable, you could almost set your watch to it. Just ten hours after a government report showed that the economy went into contraction for the first time in three years during 2012's fourth quarter, an item penned "by the editors" at Bloomberg News appeared which scolded us that the nation's gross domestic product (GDP) is an "imperfect measure of progress," and…

Yesterday (at NewsBusters; at BizzyBlog), reacting to a disgracefully biased January 27 report by Andrew Taylor at the Associated Press, aka the Administration's Press, on the "no budget, no pay" provision in debt-ceiling legislation passed by the House, I wrote that "Taylor’s report is historically bad ... Sadly, I believe AP can do much worse during the next several years — and probably will…

In his coverage of the Conference Board's Consumer Confidence report released earlier today, the Associated Press's Martin Crutsinger conveniently avoided using quote marks when he wrote that "Conference Board economist Lynn Franco said the tax increase was the key reason confidence tumbled in January, making Americans less optimistic about the next six months." That isn't what Franco said.…

File this under "careful what you wish for." In 2012, with a Democrat in the White House, union membership declined, not only as a percentage of the workforce, but in absolute numbers. Even though the related report from the Bureau of Labor Statistics revealed that the number of employed wage and salaried workers increased by almost 2.4 million, union membership fell by just under 400,000.…

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…

CBSNews.com promoted a restaurant attack by the pro-regulatory food police group the Center for Science in the Public Interest (CSPI) Jan. 16, without noting the agenda of the group or providing other points of view. The online story that regurgitated CSPI’s annual “Xtreme Eating” report released that day, favorably called the group a “watchdog” and essentially ran the group’s entire report…

None of the three major wire services covering today's report from the Department of Labor on initial unemployment claims is reporting the major news: For the first time in a long while, actual claims filed during the most recent week ended January 12 were almost 6 percent higher than the number filed during last year's comparable week, an indication that the current employment market may be…

On Wednesday, as President Obama signed -- er, auto-penned -- the legislation preventing the onset of the "fiscal cliff" passed by Congress the previous day, the establishment press was busy understating its impact. A Friday evening Wall Street Journal editorial (note: not a regular news report) in today's print edition lays out the gory details. But first, I will cite four examples of…

This is the eighth year I have done shopping and layoff-related searches on how often the words "Christmas" and "holiday" are used. As has been the case since the enterprise began in 2005, news reports are far more likely to refer to the commercial time frame between Thanksgiving and Christmas as the "holiday shopping season." Meanwhile, compared to shopping references, news reports are…