Business Coverage

Oh. So. Predictable -- Both what is happening, and how it is being "covered."Chrysler is barely out of bankruptcy, and there is already concern as to whether the money Uncle Sam, (i.e., U.S. taxpayers) funneled into the company -- while in the process of ripping off and intimidating its secured creditors, capriciously terminating plants and dealers, and running roughshod over long-held notions of…

Part 1 ("The Big Picture") is here.Quick:Which company sold the most light trucks in the U.S. in June?Which company came in at Number 9 in car sales in June, down from Number 7 a year ago?Aren't smaller players in the auto industry obviously gaining ground on the big guys because of their small, fuel-efficient cars?If you don't know the answers to these questions, it's because the press has been…

We are now six months into the failed Auto Bailout Era. Looking at the industry's four biggest companies, it has become clear that Ford is on the rise, General Motors continues to slip badly, Chrysler is fading into minor-player status, and Toyota's ongoing struggles continue. In May, after April's sales results came out, two Associated Press writers noted Ford's ascendancy and uniquely hinted at…

At the Wall Street Journal's Best of the Web today, Jim Taranto noted that it took the Associated Press's Jeannine Aversa until the 15th paragraph of her expanded dispatch on today's Employment Situation Report to find something mildly positive to write.Aversa, who has been one of the wire service's chief silver lining make-up artists during the Obama presidency's disastrous economic stewardship…

Either "CNBC Reports" anchor Dennis Kneale has a flair for the dramatic or he upset a lot of people in the blogosphere with his biting critique of the blogosphere's negativity on the economy. On the July 1 broadcast of "CNBC Reports," Kneale responded to harsh, angry criticism from bloggers - even pointing out blogs like the Huffington Post, with an openly left-of-center perspective. "Last…

While many on the left are reveling in the downfall of South Carolina Gov. Mark Sanford after he disclosed his affair with a woman in Argentina, there's a sympathetic figure being overlooked that might have the necessary background to fill the void left by the governor should he resign. On CNBC's June 30 "The Kudlow Report," Wall Street Journal senior economics writer Steve Moore explained his…

Got this e-mail earlier this afternoon, which pretty much says it all about ABC's news priorities:The links in the e-mail are after the jump.

As we near the end of June, which is supposed to be one of the four biggest months for federal tax collections (January, April, and September are the others), it is clear that the serious receipts shortfalls are not only continuing, but have caused the March 20 projections of the administration and the Congressional Budget Office (CBO) to be outdated.Media coverage of the ongoing receipts dive…

ABC's online "The Note" describes itself as "Washington's Original and Most Influential Tipsheet." ABC News's Senior Political Reporter Richard Klein is its current content creator. We'll see how influential "The Note" really is if what Klein writes about the machinations behind the attempt to make us forget that the Obama stimulus plan was supposedly going to be making some kind of difference…

Those who have followed my posts for a while know that I have a particularly low regard for the work of MarketWatch's Rex Nutting (pictured at right). It goes back to the pre-housing mess days when he tried to tell me that the the drop in housing prices would look like the 75%-plus drop in the NASDAQ from 2000-2002 or the collapse of Dutch tulip prices centuries ago. As of April 2009, according …

Clearly, the most important takeaway from ABC's low-rated White House forum on health care was President Barack Obama's admission that he would go outside the constraints of a nationalized system to get the "very best care" if necessary for his own family.Hot Air's Ed Morrissey noted that Obama's response should properly be seen as "a Michael Dukakis moment that exposed him as a hypocrite."A…

While much of the country has been captivated by the passing of pop star Michael Jackson, the scandal of South Carolina Gov. Mark Sanford and turmoil in Iran and Iraq, business news has fallen off the front pages.  That was the observation CNBC "Mad Money" host Jim Cramer made on the June 26 broadcast of "Street Signs." Cramer noted that the front page of the June 26 New York Times was entirely…

Call this a teachable moment, but even with ABC's best-laid plans to kickstart the debate about health care reform and not allow the "Prescription for America" special to become an "infomercial," as many have complained - the president spent more than twice as much time as his questioners vaguely answering or not answering the questions asked of him. But the network consistently presented the…

Can food taste too good? Yes, if you're New York Times health columnist Tara Parker-Pope. Her Tuesday "Well" column for the Times is currently the #1 most emailed article on nytimes.com, and is an interview with former Food and Drug Administration head (and over-zealous banner of orange juice and silicon-gel breast implants) David Kessler on his new book, with the typically scolding title, "The…