Business Coverage

For many Americans, ABC, NBC and CBS are the major source of news on business and the economy. Unfortunately, this is like depending on the middle school student newspaper for information about important local school board deliberations. Network reporters are either ill-prepared to discuss complex issues of economics, finance and business or choose to be advocates for viewpoints rather than…

Less than a week after Great Britain lifted its ban on hydraulic fracturing, there is more news that will make fracking opponents unhappy. AXS television, formerly HDNet, has agreed to air the film “FrackNation” next month. “FrackNation,” a film by investigative journalist Phelim McAleer, will be broadcast on Jan. 22, 2012 at 9 p.m. ET according to The Hollywood Reporter. AXS TV is a cable…

Today's news from the Department of Labor on initial weekly unemployment claims was supposedly good -- as long as one doesn't scratch beneath the surface. Journalists used to do that. Today they didn't. All one had to do is reach the third paragraph of DOL's release to realize that today's seasonally adjusted claims number of 343,000, touted as the lowest in two months in several news reports…

Back in the days when journalists practiced journalism, they would be on the alert for record-breaking news, whether positive or negative. These days, at least when it comes to the economy, it seems that they struggle to find positive records and ignore obvious negative ones right in front of their faces. A case in point is today's Associated Press report on November's Monthly Treasury…

Perhaps hoping that readers wouldn't scroll down to peruse what followed, a Tuesday evening Detroit Free Press report by David Jesse and Lori Higgins carried at USA Today featured a video taking up my entire computer screen which consisted entirely of union protesters chanting slogans for 49 seconds. The pair's actual report carries a misleading headline ("Mich. governor signs anti-union…

There will be plenty of time later to look at how the Associated Press and other wires more than likely fail to report the violence that took place in connection with right-to-work legislative actions in Michigan's legislature today. For now, let's look at the reactions of Associated Press reporters John Flesher and Jeff Karoub on Friday in an item which is no longer at the AP's main national…

The first entirely post-election reading from the University of Michigan-Thomson Reuters consumer confidence survey came out on Friday. It was awful. As reported at MarketWatch, the overall index "fell to 74.5 from 82.7 in November," far below expectations of 82.0, representing "the biggest one-month drop since March 2011." Zero Hedge noted that it's the "biggest miss on record" compared to…

Michigan may very well become the 24th state to adopt right-to-work legislation on Tuesday, and liberal media outlets have given its opponents ample opportunity to state their case. While proponents have not been allowed to defend the law at all, MSNBC's Chris Jansing was more than happy to briefly play "devil's advocate" with her guest on Monday -- newly elected state representative Tim…

In an interview with Apple CEO Tim Cook for Thursday's NBC Rock Center, host Brian Williams wondered why the tech giant couldn't be a "made-in-America company" and outlined a political scenario in which President Obama was all-powerful: "Let's say our Constitution was a little different and Barack Obama called you in tomorrow and said, 'Get everybody out of China and do whatever you have to do…

While it's not fair to criticize the press's coverage of November's vehicle sales as unfair or not balanced, it would be more than fair to say that the press is either ignoring or minimizing the impact of two important influences which have been at work all year. The first is the continued loss of combined market share at the industry's two US-headquartered makers, General Motors and Ford (…

Tonight's fun facts relate to the strike by the group a Reuters report describes as "500 clerical workers at the ports, members of the relatively small Office of Clerical Union Workers" at the ports of Los Angeles and Long Beach. The strikers' picket lines have been honored by "some 10,000 members of the International Longshore and Warehouse Union." These fun facts are rarely mentioned, but…

Dan Gainor, MRC's vice president of business and culture, appeared on "Stossel" with John Stossel on Fox Business Nov. 29, to discuss ABC's crusade against a product called lean finely textured beef (LFTB), which they referred to over and over again by the perjorative: "pink slime." Gainor said that the company that made LFTB, Beef Products, Inc. (BPI) has received awards for how well they…

Today, the Congressional Budget Office released a report informing readers that extending unemployment benefits for a year, an outlay which would cost the federal government $30 billion, would, because of its allegedly stimulative impact, generate 300,000 jobs. Even if true, neither the CBO, nor the Associated Press in covering the report, noted that this result works out to a cost $100,000…

The New York Times has aggressively covered lurid scandals involving its perceived ideological opponents, from questioning what Pope Benedict XVI knew about the sex abuse and coverup in the Catholic Church, to the phone-hacking committed in Rupert Murdoch's tabloid empire. But when it comes to a pedophilia scandal and coverup that has been brought into the New York Times Co.'s own backyard, the…