As CBO Reduces Its Growth Projection, AP Still Gives Cred to Obama Adm
August 28th, 2014 6:46 AM
In a Wednesday report on the Congressional Budget Office's downward revision of this year's predicted gross domestic product growth to a dismal 1.5 percent, the Associated Press's Andrew Taylor acted as if the Obama administration's prediction of 2.6 percent still has a realistic chance of occurring.
While one never wants to absolutely say never, the administration's higher prediction would…
Networks Fret Over Burger King 'Defecting' to Canada to Pay Lower Taxe
August 27th, 2014 2:24 PM
As news broke on Tuesday of Burger King buying Tim Hortons and moving its corporate headquarters to Canada, the broadcast networks quickly adopted the liberal talking point that the fast food chain was being unpatriotic by avoiding high U.S. tax rates. On Tuesday's ABC World News, anchor Diane Sawyer proclaimed: "Burger King, home of the Whopper, accused of doing something a lot of Americans…
Ethical Conflict Doesn’t Stop Al Jazeera from Attacking Chicken Indu
August 27th, 2014 11:18 AM
Anti-factory farming rhetoric is all the rage on the left, so when the USDA announced changes to its inspection for the first time since 1957, liberal outrage was sure to follow.
Al Jazeera America devoted most of an episode of “The Stream” to criticism of the changes on Aug. 20. And the left-wing slant of that episode about USDA changes to poultry inspections was predictable, given the…
CBS Hits Warren Buffett From Left Over Burger King Deal: ‘Capitalist
August 27th, 2014 10:55 AM
Ever since fast food chain Burger King announced its desire to purchase Canadian coffee and doughnut chain Tim Hortons, CBS has done its best to play up the supposed backlash the company will face as it moves its headquarters overseas to lower its tax burden.
On Wednesday morning, following the news that billionaire investor Warren Buffett is helping finance the merger, CBS This Morning made…
CBS Plays Up Backlash Against Burger King’s Move To Canada: ‘Some
August 26th, 2014 9:56 AM
For the second day in a row, CBS did its best to hype opposition to fast food chain Burger King after it announced plans to purchase Canadian coffee and doughnut chain Tim Hortons and relocate to Canada to lower its tax burden.
On Tuesday, CBS This Morning fill-in anchor Anthony Mason introduced a segment by boosting how “Main street and some in Washington are fuming about the fast food…
Fantasy at AP: Housing Has Had a 'Steady Rebound' Since the Recession
August 26th, 2014 9:20 AM
Someone must have slipped the wrong data to the Associated Press's Josh Boak yesterday before he composed his dispatch on the Census Bureau's latest report on new home sales.
Boak got the current month's news right, though likely by accident (like almost everyone else in the business press, he relies on seasonally adjusted figures, and rarely goes to the unadjusted data), telling readers that…
Reporting Burger King Merger Plans, CBS's Mason Notes Obama Opposition
August 25th, 2014 9:30 PM
Tonight's CBS Evening News spent 63 seconds on the Burger King fast-food chain's plan to merge with Canadian donut chain Tim Hortons, a move which would also relocate the new company to Ontario, Canada, for "substantial tax savings" where the corporate tax rate is much more favorable for business (15 percent) than the present federal corporate rate (35 percent).
But while business…
Daily Beast Slams 'Benedict Arnold' Burger King for Planned 'Inversion
August 25th, 2014 4:53 PM
"Patriotism may be the last refuge of a scoundrel, as Samuel Johnson put it, but a lack of it may be the last refuge of corporate executives who have run out of ideas on how to improve their business," groused Daily Beast global finance editor Daniel Gross in the open of his 9-paragraph screed "Burger King Plots Canadian Invasion to Save His Faltering Kingdom." "It’s one thing for a fairly…
AP's Matthew Brown Gives 600-Word Story to 'About Ten Demonstrators' a
August 23rd, 2014 10:38 AM
The Associated Press's Top Business News page lists the headlines and opening passages of what the wire service believes are the ten most important business stories at the moment. Its 9:16 a.m. version had a story entitled "JACKSON HOLE DEMONSTRATORS RALLY AGAINST RATE HIKE" listed fifth. Earlier in the morning it was fourth.
Surely, I thought to myself, this must be about a group of at least…
Lean, Finely-Textured Beef Making a Comeback In Spite of Media Attacks
August 22nd, 2014 10:19 AM
Lean, finely-textured beef (LFTB), commonly referred to by media outlets as “pink slime,” is “back in demand,” according to Yahoo! News.
In 2012, a series of media attacks on LFTB, including several by ABC News, scared grocery stores like Kroger and Safeway and restaurants like McDonald’s away from using the meat product even though it had been safe and approved for use by the USDA for many…
The New York Times Has Zero Idea How the Internet Works - Or Is Lying
August 18th, 2014 8:52 AM
It takes a special man to cram so much wrong into a mere 342 words. Or an Old Grey Lady.
The New York Times’ utterly ridiculous Editorial Board recently as one addressed Title II Internet regulatory Reclassification and Network Neutrality - and they did so in utterly ridiculous fashion.
They either have absolutely no idea what any of this is - or they are lying through their printing…
Katie Couric Fibs to Good Housekeeping About 'Constantly Referencing
August 15th, 2014 11:43 AM
Former CBS anchor Katie Couric recently granted an “Inspirational People” interview to Good Housekeeping magazine on her movie Fed Up, a documentary against child obesity.
“As the anchor of CBS Evening News, I was constantly referencing new studies about childhood obesity. The problem seemed to be getting worse and worse even though it was getting more and more attention.” She “constantly”…
AP's Coverage of July Deficit Again Ignores the Impact of the Largest
August 15th, 2014 10:22 AM
The federal government reported a $94.6 blllion deficit in July, only marginally better than the $97.6 figure posted in July 2013.
As has become its habit, the Associated Press's coverage of that result contained omissions, spin and half-truths about government tax collections, spending and the origins of the Obama administration's first four years of consecutive trillion-dollar deficits.…
Retail Sales Flatlined in July; AP Deadpans That Americans With No Mon
August 13th, 2014 1:46 PM
This morning, the Census Bureau, in its advance report on retail sales, revealed that seasonally adjusted July sales were "virtually unchanged" from June. Expectations were for a 0.2 percent gain, supposedly with "solid upside" potential. Oops. June's result stayed at its previously reported 0.2 percent increase.
Reuters did the "U-word" honors this time out: "U.S. retail sales unexpectedly…