On Jobless Claims Report, AP's Crutsinger Discounts the Present, and G
The Associated Press's Martin Crutsinger has been on the opposite of a roll:Just before Christmas, he appeared to be lowballing the consensus estimate of 4th Quarter 2005 GDP growth by describing it as "around 3 percent," when a broad-based Bloomberg survey of economists indicated a consensus forecast of 3.3%. Second, he pooh-poohed November's Construction Spending report released two days ago…
Let's Just Agree to Disagree
Two stories on the same Manpower employment report: Hiring Outlook Bright For 2006 - CBS NewsNew year job market bleak - NewsdayI like the opening to the Newsday article: Waiting for January to find a new job? It might not happen even then. If you need a job, you might not want to just sit around for a month waiting for one to fall in your lap, because as Newsday so insightfully points out, it…
Media Downplay Extremely Strong November Jobs Report
A recent report published by the Gallup Organization stated: “a majority of U.S. investors continue to describe the current economy as being ‘in a slowdown’ or ‘recession’ as opposed to being ‘in a recovery’ or ‘sustained expansion.’” Regardless of continuously strong economic reports, such bearish assessments have been regularly portrayed by public opinion polls for several years. During this…
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…
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…
