It’s Beginning to Look a Lot Like…a Very Good Christmas
The media’s pessimistic holiday shopping forecasts fail to register with reality.Don't miss my latest at the Free Market Project: Contrary to the media’s pessimistic forecasts for the Christmas shopping season reported by the Free Market Project in late October, strong retail sales this Thanksgiving weekend got the annual end-of-the-year buying bonanza off to a bang. In fact, the economic data…
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…
Rep. Dicks Does a "Murtha" Assisted by the Same Revisionist Media Tact
The Associated Press and United Press International are reporting that another Democratic hawk, Norm Dicks (D-Washington), has changed his position on the Iraq war. They are both quoting from and referencing a Seattle Times article first published about 16 hours ago entitled “Defense hawk Dicks says he now sees war as a mistake.” Yet, they are conveniently ignoring previous statements made by…
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…
Will the Mainstream Media Cover the Story of Murtha and Clinton on Som
Around twelve hours ago, NewsMax broke a story about Rep. John Murtha (D-Pennsylvania) having urged former President Clinton to remove U.S. troops from Somalia in 1993:“Clinton took the advice and ordered the withdrawal - a decision that Osama bin Laden would later credit with emboldening his terrorist fighters and encouraging him to mount further attacks against the U.S.”At this point, a Google…
