Business Coverage

There’s some strange respect shown today for one particular multi-billionaire investor in the liberal pages of the New York Times. Friday’s lead story by Nelson Schwartz, “Buffett to Invest $5 Billion In Shaky Bank of America.” introduced Buffett as “Warren E. Buffett, the legendary investor, is sinking $5 billion into Bank of America in a bold show of faith in the country’s biggest, and most…

In his coverage of the Department of Labor's weekly report on unemployment claims this morning, the Associated Press's Christopher Rugaber, after noting how initial claims filed by Communications Workers of America members who are on strike against Verizon (more on that later) inflated this week's and last week's results, wrote that "excluding the work stoppage, layoffs appear to be stabilizing…

In the latest in a series of snipes from reporter Ashley Parker directed at Republican candidate Mitt Romney, a brief “Caucus” item in Thursday’s New York Times, “Romney Stands By Corporations Remarks,” suggested Romney’s remark to a heckler that “corporations are people, my friend” made him look like “an out-of-touch millionaire.” But isn't Romney right? (Parker’s article first appeared in a…

To you or me this commercial is a pitch for a smartphone being sold by Verizon Wireless. To the Washington Post it may be the subtle racism of typecasting Asian actors into tech-wiz roles. Reporter Paul Farhi expended 26 paragraphs on how Asian actors are "shown as intellectuals, but some resent the stereotyping":

While campaigning President Obama promised to create 5 million “green” jobs, and shortly into his term he announced a “task force” to do just that. His stimulus package included tax credits for renewable energy companies, allotted funds for weatherization and more. Now with the economy once again on shaky ground the President may pivot back to jobs in September, specifically of the “green”…

On August 15, the Boston Herald, the Boston Globe, and the Associated Press all reported that Massachusetts-based Evergreen Solar had filed for Chapter 11 bankruptcy. Oddly enough (no, not really), The New York Times, which published a 1,600-word report in January (HT to an NB emailer) on the company's competitive difficulties, did not take note of Evergreen's filing. Each of the three…

Establishment press reporters will insist from now until the cows come home that they play it straight. Their actions all too often belie their claims. One such face-hitting example came yesterday in Associated Press reporter Chris Rugaber's coverage of the government's Regional and State Employment and Unemployment report. If it weren't already given away in this post's title, veteran media…

On Wednesday's NBC Today, co-host Matt Lauer teased an upcoming segment on unemployment by fretting: "And just ahead, help not wanted. If you're one of the 14 million Americans looking for work, you may have noticed a growing trend. Employers are posting job ads that say they're seeking only people who are currently employed or just recently laid off. Is that discrimination…

The Christian Science Monitor appears to have a problem monitoring its bloggers. Even though it asserts that its "diverse group of the best economy-related bloggers out there ... (have) responsibility for the content of their blogs," the largely respected CSM should understand that Jared Bernstein has just embarrassed it bigtime. To its credit, CSM describes Bernstein, currently a senior…

At first blush, it might seem hard to imagine how one can contend that a press report describing an industry sector as operating "at depressed levels" and at volumes that are one-half of what "economists consider to be healthy" isn't telling the whole truth. But that's exactly how I would describe Tuesday's writeup by the Associated Press's Derek Kravitz after July's Census Bureau release on…

The next time I plan to escape reality for an extended time, I won't go to the trouble of forwarding the phones to voicemail and swearing off the Internet and TV for a few days. I'll just take whatever the Associated Press's Martin Crutsinger must be consuming. Crutsinger's 11:45 report this morning claims that "The better-than-expected retail sales report is the second strong signal on the…

The recent decision by Standard & Poor's to downgrade the U.S. credit rating to AA+ from AAA upset many on the left, especially those within the Obama administration. The White House lashed out at S&P and some in the news media did too. So Business & Media Institute decided to look back at six years of network (ABC,CBS and NBC) coverage of S&P. BMI found out that bulk of…

If we're to believe Associated Press reporter Daniel Wagner, this morning's report from the Department of Labor on unemployment claims revealing that initial claims during the week ended August 6 fell to 395,000, was "good news." Why, according to Wagner, that drop, all by itself, it was "enough to catapult stocks," pushing the Dow up by 423 points in Thursday's trading. Uh, not exactly,…

On August 2 on the Senate floor, Senate Majority Leader Harry Reid claimed that the economy under George W. Bush lost eight million jobs. PolitiFact, which occasionally seems to engage in verbal gymnastics to give Democrats and leftists the benefit of the doubt, was more than a little annoyed with Reid's claim, giving it a rating of "Pants on Fire." As will be demonstrated later, virtually no…