Follow-up: Nearly Six Months Later, NYT's 'Manufacturing Recession' Ca
Last night, it occurred to me, as I was preparing an e-mail to notify New York Times business columnist David Cay Johnston about updates to yesterday's original posts (NewsBusters;
Busting the 'Deindustrialization' Myth
The powerful "manufacturing is in decline" meme won't go away soon, but it should. It apparently isn't enough that the Institute for Supply Management's Manufacturing Index has read "expansion" in 48 of the past 50 months. It has become an article of faith among reporters and opportunistic politicians that American manufacturing has been, and continues to be, in a long-term decline. The fact is…
Chris Cuomo Asks 'Recession?' But Reporter Says Economy Is 'Holding Up
"Good Morning America" asked "What is going on?" with the stock market on August 16. Anchor Chris Cuomo asked Bianna Golodryga if the market drop is a correction or a recession."There seem to be two schools of thought here, those involved in all this sophisticated mortgage lending are saying this is the beginning of the end. But stock analysts are saying it is just a correction. Where are people'…
Media's Volatile Coverage of Stock Market: 'Armageddon' or 'The Sky's
As the stock market went up and down over the past few weeks, media coverage also bounced from end-of-the-world rhetoric to rational analysis.CNBC’s Jim Cramer went on an impassioned rant August 6 calling for the Fed to reduce interest rates.“Bernanke needs to open the discount window. That is how bad things are out there … in the fixed income markets we have Armageddon,” said Cramer on “Stop…
