Media Myths: The Housing Bubble is Bursting
Don't miss my latest writing for the Free Market Project: Media claims about a “housing bubble” are nothing new. Since before the 9/11 terror attacks, the media have been calling the housing market a “bubble” while predicting an imminent, devastating decline. Not only have they been wrong in forecasting such a top, they have thoroughly mischaracterized what an investment bubble is. Now that the…
NYT Makes 'Yes, But' Economic Reporting an Art Form
You've come to Newsbusters because you want to see a concrete example of liberal bias. Who delivers that better than the New York Times? This is reality. We're 4 years out from the worst attack since Pearl Harbor, post dot-com crash, we've had more hurricanes than any year since some old man first started keeping track, and we just about had a major U.S. city -- an economically important city…
Strong Retail Numbers Buried Even As Actual Sales Blew Away Conservati
Strong "Black Friday" showings across America were given short shrift by the Washington Post this "Cyber Monday" which buried the story in a four-paragraph blurb on page A10 in the District and Maryland home edition. But not only were the numbers good in comparison to last year, they far surprassed the expectations of the National Retail Federation (NRF), the industry group which analyzes and…
Split Personality Disorder at the Associated Press: Economic News is G
For those who missed it, the Federal Open Market Committee released minutes from its November 1 meeting on Tuesday, and the stock market rallied as a result. Yet, depending upon which Associated Press story you read, you were either elated or despondent. For instance, the AP’s Michael J. Martinez began his report: “Stocks extended their rally yesterday after the Fed's latest take on the economy…
NY Times: “A Different Kind of Great Depression is Still Going On
In homes across this country that subscribe to the New York Times, Americans will wake up on Thanksgiving morning to be told that the land they love is still in some kind of Great Depression. Of course, unemployment is at 5 percent, more Americans own their own homes than ever in history, and the average citizen has a higher net worth – meaning…
NewsMax Calls NewsBusters Contributor “The Right’s Answer to Paul
A recent NewsMax piece (scroll down to article #2) gave high praise to yours truly. Please excuse the obviously shameless self-promotion, but I’m verklempt. Talk amongst yourselves. “Noel Sheppard isn't pulling any punches these days. “Sheppard has become an increasingly popular economic guru, and he could well be the political right's answer to noted liberal pundit Paul Krugman of The New York…
USA Today's Gas Price Map
"Cheaper gas gets season rolling," trumpets the front page of the November 23 edition of USA Today, in a story that breaks the usual media template on "soaring" or "record" gas prices that the Free Market Project study documented in early November. USA Today's coverage of dropping gas prices continues on pages 8-9A with "Pump prices dip below $2 in some states; still up from '04," which is…
Eleanor Clift Says Bush is “Way Off Track,” Needs to Behave More L
Newsweek’s Eleanor Clift has a new article out, and she once again doesn’t have anything good to say about President Bush. In fact, she now believes that his presidency is in such a state of disarray that Bush needs to “change direction, the way President Bill Clinton did after losing both the House and Senate in 1994.” Clift seems to forget that this change of direction didn’t help the Democrats…
