Business Coverage

I had to make sure that the Conference Board, which issues one of the most closely watched consumer confidence reports each month, didn't issue some kind of update during the day after telling us in the morning that its reading for March came in at 70.2, down from 71.6 in February. Nothing changed. But oh how the Associated Press's headlines about the Board's reported results changed in…

You've got to admire the determination of Derek Kravitz at the Associated Press, aka the Administration's Press, to find lemonade among the lemons known as the monthly new-home construction statistics from the Census Bureau. Why, he was even able to find a guy who said that "housing permits-not the starts" are more relevant in gauging the health of the market. Did it ever occur to these guys…

Once again, CNN's Piers Morgan is pouting that corporations like Apple should bring jobs back to the U.S. simply because they should. Morgan was rebutted by Chris Christie the last time he made that reasoning at the expense of shareholders' profits, but he was at it again on Monday night. He has a "constant nagging problem" with Apple making money overseas. "So they are making squillions of…

The exercise of watching the press report on the current week's unemployment claims figure as if it's etched in stone and assessing it as if it's the last word -- only to see the figure get upwardly revised the next week virtually without media comment -- is getting extraordinarily tedious and predictable (but of course watching what they do remains necessary).  At the Associated Press,…

The New York Times told us about three weeks ago that "there's little President Obama" can do about the current pump price of gas. Since then, it has become a well-established media meme. Poor guy. Well, not really. Four years ago, another U.S. president did something which caused the barrel price of oil to drop by over $6, and the press spent the rest of the day trying to pretend that the…

Gosh, how did that happen? At the Associated Press as of 7:30 p.m., its Top Business stories (saved here for future reference) top headline read: "Strong 3 months of hiring as US adds 277,000 jobs." The headline at the underlying article (saved here) reads the same. Related pics are after the jump.

Yesterday was sort of "Pick on Christopher Rugaber at the Associated Press Day." So when I came across a particularly reprehensible report he filed last night whining about the difficulty the economy may face in meeting heightened expectations -- with yet another reference to the wire service's obsession with its relevance to President Obama's approval ratings and reelection -- I let it go.…

Earlier today (at NewsBusters; at BizzyBlog), I noted the press's ridiculously forgiving coverage of today's reported increase in unemployment claims while concentrating primarily on RTT News's assertion that the unemployment rate should continue to come down as long as weekly claims stay below 400,000. Three years ago, Christopher Rugaber's threshold at the Associated Press, also known to…

The Department of Labor reported today that initial claims for unemployment benefits increased to 362,000 from an upwardly revised (as usual) 354,000 the previous week. Expectations were for a reading of 351,000 (Business Insider's email) or 352,000 (Bloomberg). Over at the Associated Press, also known as the Administration's Press, the headlined reaction in its 9:17 a.m. report was: "…

Over at the Associated Press in a report with a Tuesday morning time stamp, Christopher Rugaber produced yet another predictable lemonade-from-lemons story about how the economy is allegedly "improving faster than economists had expected. They now foresee slightly stronger growth and hiring than they did two months earlier - trends that would help President Barack Obama's re-election hopes."…

“I am the Lorax. I speak for the trees.” But not just the trees! With the help of Universal Studios, “The Lorax” drank the left-wing kool-aid and has entered the fight against plastics, and anything artificial. To top it off, The New York Times is upset that the movie doesn’t promote environmentalism enough. Really. In this adaptation of the classic Dr. Seuss book, the screenwriters took a…

Well, I guess when you think you're going to sell 45,000 cars and you're on track to achieve about 25% of that, something's gotta give. Something gave today, as Government/General Motors announced a temporary suspension of production of the company's centerpiece of environmental correctness, the Chevy Volt, and the layoff of 1,300 employees. Oh, and as readers will see in the Examiner.com…

On CNBC's Behind the Money blog on Wednesday, Fast Money executive producer John Melloy promoted a left-leaning theory as to why the stock market has been on the rise lately: "While President Obama may not be Wall Street's ideal candidate, stock prices are rising on growing expectations he will be re-elected this November." Melloy pointed to long-term political certainty as a reason for…