Price of Media Warm-mongering: Kansas Denies Coal-fired Power Plant Li
On Thursday, for the first time in American history, a state denied an electricity producer a construction license for a coal-fired power plant due to manmade global warming fears. As ominously reported by the New York Times Saturday (emphasis added): The Kansas Department of Health and Environment on Thursday turned down a permit for twin 700-megawatt coal-fired generators that a group of…
Revised August Jobs Report: Old Media Not Looking for Retractions from
NewsBusters' Brent Baker and Dan Gainor each did a fine job chronicling Old Media's weak coverage of yesterday's solid September Employment Situation report from the Bureau of Labor Statistics. Here's another Old Media non-followup on yesterday's news: Failure to get a reaction from two Democratic presidential candidates who had harsh things to say a month ago when August's weak employment report…
Month Ago CBS Saw Recession, But Now Skip Big Job Gains
When the Labor Department reported a net loss of 4,000 jobs for August, the September 7 ABC, CBS and NBC evening newscasts highlighted the bad news as evidence of an impending recession, but on Friday, when the Bureau of Labor Statistics revised the August number to a gain of 89,000 jobs and reported 110,000 new jobs for September (AP story), only ABC bothered to mention the revision while CBS…
What Media Won’t Tell You About August Unemployment Numbers
If you watched any television newscasts Friday, or read a paper Saturday, you were bombarded with claims of doom and gloom as a result of the August unemployment report showing 4,000 fewer people on American payrolls than in July. Yet, what media largely ignored were shifting sociological population dynamics indicating this summer's poor jobs gains could be caused by the smallest percentage of…
AP Spins Record Low Unemployment as Problem That Could Get Worse
Most Americans understand that unemployment declining is a good thing. Yet, the folks at the Associated Press seem confused about this economic statistic as evidenced by an article published Saturday entitled "Help Wanted Ads Go Unanswered in West." In fact, contrary to a media fixated on bashing corporations and business owners as greedy little devils, Matt Gouras' piece actually elicited…
Top Two Biased Reports of the Week - Economy and Business Division
Runner Up
One of the Associated Press's earliest articles following Friday morning's release of the government's Employment Report, which showed July's unemployment ticking up 0.1% to 4.6% and new jobs increasing by 92,000, had this outrageous paragraph (backup link is here in case the article is revised or removed; bolds are mine):
Construction companies slashed 12,000 jobs in July.…
NYT's New Democrat Campaign Slogan: It’s NOT The Economy, Stupid
In 1992, Bill Clinton successfully used a campaign strategy of continually focusing attention on the supposedly poor economy thinking that Americans typically vote with their wallets. Of course, most intelligent people know that the recession actually ended in early 1991, and that this strategy would have failed miserably had the media not been complicit, and, instead, honestly reported…
Foreign Investors More Confident in U.S. Economy Than Media Are
As NewsBusters has been reporting this week (see this and this), as the stock market hit new all-time highs, the media have been dour Nervous Nellies carping and whining about gas prices, the low value of the dollar, the housing slump, and the rising trade deficit. Yet, there are a variety of issues that press outlets have conveniently ignored during this record bull run that not only explain…
New Poll Reflects Media’s Negative Impact on Economic Perceptions
A new poll released Wednesday gave extraordinary evidence as
to how continued negative reports from a bearish media have impacted the public’s
view of the economy.
As reported
by Reuters (emphasis added):
Two-thirds of
those surveyed, 66 percent, said the direction of economic policy was fair or
poor.
Yet, these same
folks are very optimistic about their own economic condition:
Flying Pigs at 'Today': Booming Economy Benefits Many Americans
When Matt Lauer introduced a segment on the booming stock market by asking "is the rising tide lifting all boats?" I braced myself for another MSM excursion into class warfare. But surprise, surprise . . .
CNBC's Erin Burnett narrated the segment, and her opening also made me figure we were in for more bash-the-rich rhetoric. "Another day, another record on Wall Street . . . As stocks rise…
