Business Coverage

Here's something about which the environmentalists and car czars planted inside the Obama administration can't be pleased: as a percentage of their U.S. sales, Multi-Government/General Motors and Chrysler are selling more "light trucks," consisting of pickups, SUVS, and "crossover" vehicles than any other major manufacturer. Further, the companies are clearly emphasizing light trucks at the…

Do a media company's political activities affect the way its subsidiaries report the news? The folks at MSNBC sure think so. That channel's hosts have insisted ad nauseum that Fox News parent company News Corporation's political actives compromise the ability of Fox to report the news fairly and accurately. But MSNBC has, as I have noted before, shilled for policies that would enrich its…

In no uncertain terms, Rush Limbaugh (link will become unavailable in seven days) ripped into an Associated Press report today on the alleged perils of allowing unemployment benefits to expire for what the Labor Department says is nearly 2 million unemployed: I have not had one class in economics since high school in the 1960s -- not one -- and I understand more about this through my own self…

There are many annoying aspects of the sea change in media coverage of the economy since Barack Obama became president. At or near the top of the list is how the business press has downplayed the unprecedented housing industry disaster, while lowering the bar that will supposedly represent a real recovery to ridiculous levels. According the the Census Bureau (12-page PDF), 23,000 new homes…

This is the sixth year I have looked into how the media treats these two topics: The use of "Christmas shopping season" vs. "holiday shopping season," and the frequency of Christmas and holiday layoff references. I have done three sets of simple Google News searches each year -- the first in late November, followed by identical searches roughly two and four weeks later. A graphic containing…

When it comes to business reporting, the media often tow a pro-bigger government line at the expense of the private sector. Profit-motivated businessmen are often portrayed as much less sympathetic than the allegedly altruistic souls that comprise the nation's core of politicians and bureaucrats. But from time to time, a news outlet does shine a spotlight on just how much of a pain in the…

On Thursday, I noted (at NewsBusters; at BizzyBlog) that the Associated Press's Marty Crutsinger and Chris Rugaber worked very hard to gloss over October's horrid housing market news as reflected in the Census Bureau's reports on housing starts and building permits. That's bad enough. But a Tuesday report covering the latest release of the Housing Market Index (HMI) by the National…

At the top of Thursday's CBS Early Show, co-host Harry Smith cheered the public trading of General Motors stock as evidence that Obama administration's bailout of the auto industry had worked: "GM's big comeback. In a stunning turnaround, General Motors begins to sell it's stock less than 18 months after the government's massive $50 billion bailout." Smith even went so far as to ask: "Will…

On Sunday, NBC Universal launched its annual "Green Week," as part of the company's "Green is Universal" environmental awareness campaign. As NBC embarks on yet another week of "environmentally themed programming," it falls to media watchdogs to point out the massive conflict presented by NBC parent company General Electric's significant financial interests in the policies "Green Week"…

I guess after about a year and a half of dancing around the truth, the Associated Press decided that confession of some of the truth about Government/General Motors is good for the soul. Conveniently, the AP's de facto partial confession, delivered via reporter Sharon Silke Carty, comes as the success of the company's initial public offering seems assured. Carty's confession consists of…

When you increase demand for something, its price should go up. In the case of bonds, if the demand for them increases, their price should go up, and their effective interest-rate yield should go down. That didn't happen on Friday when the Federal Reserve began executing its second round of "money from nothing" quantitative easing. Even though the Fed increased demand, bond prices went down…

Thursday evening, NB's Ken Shepherd accurately pointed out how little establishment press interest there has been in prominently carrying an Associated Press report about how the Obama administration has been, in the words of the wire service's Dina Cappiello, "downplaying scientific findings, misrepresenting data and most recently misconstruing the opinions of experts it solicited." This is…

Food-filled winter holidays will soon arrive. But the liberal news media have already spent recent days comparing soda to an illegal drug, promoting a toy ban in kid’s Happy Meals, and generally bashing fast food companies for giving customers exactly what they want. CNBC’s Erin Burnett outdid food police groups on Nov. 8, when she compared soda to cocaine in a segment discussing a “fat tax…

At the top of Monday's CBS Evening News, anchor Katie Couric warned viewers: "They promised to fight childhood obesity, but the biggest chains may be working harder than ever to get kids hooked on fast foods." Moments later she touted a new study: "...the big chains promised to help fight childhood obesity, but a report out today suggests they've done the exact opposite." Couric fretted over…