WaPo Item on Fed's Economic Downgrade Leaves Out Tepid Projected Growt

November 3rd, 2011 10:13 PM
At the Washington Post's "with Bloomberg" Business section, the self-described locale "Where Washington and Business Intersect," a Wednesday item by Neil Irwin ("Fed downgrades growth forecasts, sees high unemployment for years ahead") told us that "The Federal Reserve sharply downgraded its projections for the U.S. economy," but never cited any projected growth numbers. Seriously. Having…

Wires Virtually Ignore Corzine's Dem Party ID, Rarely Associate Him Wi

November 2nd, 2011 12:19 AM
Consider this post the print and online follow-up to the report early Tuesday evening by Matthew Balan at NewsBusters on the failure of the Big Three TV networks to note the Democratic Party/Obama fundraising affiliation of former New Jersey Governor Jon Corzine, whose now-bankrupt MF Global financial firm has apparently admitted to diverting client money in a futile attempt to battle its…

Jonathan Alter's Blinders: 'White House Free of Scandal'; Obama Asset

October 29th, 2011 11:10 PM
Jonathan Alter, who spent 28 years at Newsweek, has been a columnist at Bloomberg News since early this year. Just this year, the reliably and insufferably liberal Alter, among many other things, called the Republican House's passage of Paul Ryan's budget plan in April an attempt "to throw Granny in the snow," and coldly calculated that in the wake of her shooting, Arizona Congresswoman…

MIA: AP Coverage of Dour Consumer Sentiment Report

October 15th, 2011 10:23 AM
Yesterday, Joe Weisenthal at Business Insider reacted to the mixed economic news of the day by observing: "Lots of folks are scratching their head about today's dismal UMich/Reuters consumer sentiment number coming in so ugly, just as retail sales for September came in so strong." It seems that the folks at the Associated Press were not among the head-scratchers. From all appearances, the…

Tumulty Channeled 'Occupy Wall Street,' Rose Cited Reagan to Push Tax

October 12th, 2011 12:11 PM
PBS's Charlie Rose opened last night’s Bloomberg/Washington Post GOP presidential economic policy debate by noting the round table format was like a “kind of kitchen table where families for generations have come together to talk and solve their problems.” But through much of the debate it sounded more like Thanksgiving dinner with your liberal aunt and uncle as panelist Karen Tumulty of the…

GOP Entrusts Debate to PBS Host Who Fawned Over Al Gore, Hillary

October 11th, 2011 7:56 AM
Tonight's GOP presidential debate (hosted by The Washington Post and Bloomberg TV) is moderated by longtime PBS late-night host Charlie Rose. His show has been touted as a "national salon," but it's a very cozy place for liberal media elites. Conservatives are not regulars. The most frequent guests include his journalist buddy Al Hunt (with 79 appearances), who now works at Bloomberg, and New…

Bloomberg Columnist: Obama Was 'Conciliator,' OWS May Provide 'Inocula

October 10th, 2011 11:55 PM
Yesterday, in a different post about long-term unemployment, I wrote: "Of all the reality-denying aspects of Obama administration press coverage, the usually implicit but occasionally explicit assertion that he and his people are just helpless bystanders in an economic calamiity is easily among the most annoying." Bloomberg's Mike Dorning triggered the annoyance meter today with an "analysis…

Mark Shields on Christie's Weight: When You Sit in the Bathtub and Wat

October 1st, 2011 12:20 PM
The juvenile bashing of Chris Christie's weight hit a disgraceful low on PBS's "Inside Washington" Friday when a panel absent the guiding sanity of syndicated columnist Charles Krauthammer chuckled and guffawed over the size of the New Jersey governor. What posterity will certainly view as one of the more embarrassing episodes on this political talk show stalwart came when PBS's Mark Shields…

As 'Jobs Hard to Get Number' Hits 28-Year High, AP Claims Consumers' R

September 27th, 2011 1:19 PM
The Conference Board's September Consumer Confidence Survey came out this morning. Overall, it rose very slightly from a miserable 45.2 to a still-miserable 45.4. Consumers' assessment of near-term prospects slid from 34.3 to in August to 32.5, while their longer-term outlook improved from 52.4 to 54.0. At the Associated Press (saved here for future reference, fair use and discussion purposes…

UK Telly Picks Up IMF Lending Limit Problem Bloomberg Concealed and AP

September 26th, 2011 12:18 AM
Sometimes, I think that we wouldn't have a useful press at all if it weren't for the British press. The big news out of the International Monetary Fund this weekend was, as reported by the UK Telegraph, that it "may need billions in extra funding." Specifically, it "may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis."…

At AP, It's 'LightWhat

September 20th, 2011 10:35 PM
So I figure that I need to catch up on the LightSquared saga. This is the company which, as Fox News reported on Thursday (the URL date is September 15, though the time stamp is the next day) is building "a nationwide, next-generation, 4G phone network." The problem is, as Fox further noted, that there are concerns that "many, including (General William) Shelton, think (the network) would…

AP's Sept. 16 Solyndra Story, Part 1: Passing Off Weeks-Old News As It

September 16th, 2011 10:50 PM
The public learned on September 3 from William McQuillen at Bloomberg (possibly earlier elsewhere) that now-bankrupt Soyndra's private investors restructured the company's finances in January by lending the company "$75 million." As a condition of doing so, they convinced the government to give the new loan senior status over all other creditors. Now taxpayers face a likely loss of hundreds of…

AP's Crutsinger Cites Two Less Than Stellar Econ Reports As 'Strong

August 12th, 2011 4:05 PM
The next time I plan to escape reality for an extended time, I won't go to the trouble of forwarding the phones to voicemail and swearing off the Internet and TV for a few days. I'll just take whatever the Associated Press's Martin Crutsinger must be consuming. Crutsinger's 11:45 report this morning claims that "The better-than-expected retail sales report is the second strong signal on the…

Charles Krauthammer Smacks Down Margaret Carlson's Call for More Stimu

August 5th, 2011 6:01 PM
For the second week in a row, Bloomberg's Margaret Carlson got a much-needed education from Charles Krauthammer on PBS's "Inside Washington." After Carlson gave the typical Keynesian response to Friday's unemployment report - "We’re cutting spending at a time when we should be adding spending to stimulate the economy and jobs" - Krauthammer without skipping a beat quipped, "The way it worked…