Business Coverage

The news out of Government/General Motors during the past couple of days hasn't been particularly good. First, August sales results were disappointing. Second, it become known today that GM will attempt to go public on November 18, a later than originally hoped post-election date chosen to hopefully allow for another reported quarterly profit to boost investors' appetite for its shares. As so…

Sometimes you just have to chuckle at the transparent motivations of business writers in the establishment press. Two Associated Press reports from this afternoon, one from Stephen Bernard and another much lengthier piece from Jeannine Aversa, attempt to set the template for Friday morning's reportage: Despite all the bad news, including a serious downward revision to second-quarter economic…

It is a curious phenomenon - the way the media have handled the economy since President Barack Obama has taken office. Generally the coverage has been on the optimistic side over the last 18 months. But could this blind optimism come back to haunt people that trade on economic metrics? According to CNBC "Mad Money" host Jim Cramer, it will and in a big way on Aug. 27, when the new gross…

We've heard the knocks on NBC and the institutional bias that exists in its network - from the subtle spin in its flagship network's news coverage at NBC to the over-the-top bias at its cable news channel MSNBC. So maybe the man behind the curtains at NBC Universal would like to be more overt with his opinions - as a politician? On MSNBC's Aug. 25 "Morning Joe," Jeff Zucker, president and CEO…

While lefties are foaming at the mouth over what Republican Senate candidates like Sharon Angle and Rand Paul have to say, they're not quite willing to publicly embrace or defend the antics of their own duly elected nominee, South Carolina U.S. Senate Democratic nominee Alvin Greene. That is, they weren't until now.  On the Aug. 17 broadcast of her radio show, Randi Rhodes went to bat for…

Here's how the Associated Press's Martin Crutsinger and Daniel Wagner reported the housing portion of their Tuesday report on the day's economic news ("Factories aid bumpy recovery, housing still weak"): Single-family home construction, which represented nearly 80 percent of the market, fell 4.2 percent. And requests for building permits, considered a good sign of future activity, slid 3.1…

Here's yet another example illustrating why one must treat the editorials at the Wall Street Journal as a primary source of hard news during Democratic presidential administrations. On Monday, President Obama visited ZBB Energy Corp, a maker of high-tech batteries in Menominee, Wisconsin. Helene Cooper at the New York Times, where a larger version of the picture at the right appeared, reported…

Unplanned but necessary "improvements," or induced corrections? I'll report; readers can decide. My early afternoon post at my home blog dealt with Government/General Motors' profitability and CEO Ed Whitacre's "coincidental" step-down from his CEO position. That post originally noted two things that seemed problematic in the Associated Press's reporting about the company's plans for an…

If news outlets were fueled by bias, then ABC, CBS, and NBC would be Hummers. Over the past two years, the media have declared Sport Utility Vehicles (SUVs) "dying" while celebrating the popularity of hybrid cars. Americans disagree. Data from Edmunds.com showed SUV market share has grown or remained stable whereas hybrid market share has declined. In July 2010 alone, SUVs outsold hybrids 4 to…

On last night's 'O'Reilly Factor,' Fox Business Network reporter Charlie Gasparino claimed that during his time at CNBC, General Electric Chairman and CEO Jeff Immelt suggested to senior CNBC staff that they were being too hard on President Obama.Gasparino did not say that it became official CNBC policy to tone down criticism of the president. But he claimed that "the question of whether they…

On August 3 ("U.S. To Train 3,000 Offshore IT Workers"), InformationWeek.com's Paul McDougall reported that the U.S. Agency for International Development is operating at cross purposes with the Obama administration's stated goal to keep high-tech jobs in the U.S. USAID has since attempted to do some backing and filling about the assistance it is providing in Sri Lanka, but its arguments may ring…

In what I believe is the first direct acknowledgment by the wire service of what so many have known for so long, the Associated Press's Tom Krisher wrote the following in an August 5 story about plans for an initial public offering by government-controlled General Motors (bolds are mine throughout this post): Ever since the Obama administration gave the automaker a $50 billion dollar survival…

Bad economic news just keeps piling up. Today, the news about jobless claims from the AP:Initial requests for jobless benefits rose last week to their highest level since April, a sign that hiring remains weak and some companies are still cutting workers.The Labor Department said Thursday that new claims for unemployment insurance rose by 19,000 to a seasonally adjusted 479,000. Analysts had…

These are some of the outtakes that the Ecuadoran plaintiff lawyer Steve Donziger probably wished were left on the cutting room floor. Back in May 2009, CBS's "60 Minutes" featured a story on the legal conflict between Chevron and an eco-group called the Amazon Defense Coalition for $27.4 billion in so-called environmental damage in Ecuador's rain forest from then-Texaco Petroleum's (Texpet)…