NY Times: For the Umpteenth Time, Beware the Housing Bubble
February 13th, 2007 1:07 PM
The media can't really deny the economy is doing great. But all good things come to an end,so what the heck, why not float the prospect of a looming recession? That's essentially what The New York Times did in today's paper.Staff writers Eduardo Porter and Jeremy W. Peters turned to a Clinton economic adviser to suggest that the current economy is driven by a housing bubble similar to the tech…
New York Times Chairman Doesn’t Know if His Paper Will Still be in P
February 8th, 2007 10:31 AM
As the Internet becomes the driving force of the print media, it’s not surprising to hear newspaper moguls talk about their online strategies. However, when the chairman of the New York Times Company says, “I really don't know whether we'll be printing the Times in five years,” one should sit up and take notice.With that in mind, Haaretz’s Eytan Avriel had a chat with Arthur Sulzberger, Jr.,…
The Price of Publishing Leaks: SWIFT Data Flow to U.S. Must Stop by Ap
February 6th, 2007 10:24 AM
In a huge blow to America’s ability to defend itself from future terrorist attacks both home and abroad, the European Central Bank has told SWIFT, the Society for Worldwide Interbank Financial Telecommunication, that it must halt the transfer of personal banking information to American authorities by April.As reported by Agence France-Presse on February 1 (h/t to Dan at Riehl World View): “The…
NY Times Iraq Reporter Corrects Russert: 'American Troops Were Greeted
February 5th, 2007 3:39 PM
Reminded by Tim Russert on Russert's Saturday night CNBC show, about how Vice President Cheney predicted U.S. troops would be welcomed as “liberators” by the Iraqi people, New York Times Iraq reporter John Burns corrected Russert's presumption that Cheney was misguided: “The American troops were greeted as liberators. We saw it. It lasted very briefly, it was exhausted quickly by the looting.”…
Comprehensive 'Annual Revision' to the Employment Numbers Goes Largely
February 3rd, 2007 9:47 AM
Yesterday's Employment Situation Summary from the Bureaus of Labor Statistics told us that reports 111,000 net new jobs were added in January. Additionally, significant upward revisions were made to the previously reported job-increase figures from November (up 42,000 to 196,000 from last month’s revised 154,000) and December (up 39,000 to 206,000 from last month’s originally reported 167,000).…
NY Times Buries Good Economic News, Emphasizes Hypothetical Bad News
February 2nd, 2007 2:33 PM
Economic gloomsayer (and New York Times reporter) Vikas Bajaj has made something of a specialty in finding dark clouds in economic silver linings, and Thursday's hypothetical hand-wringing on the front-page of the Business section is no different ("What Could Bog Down the Bull -- Slowing Earnings Threaten to Turn the Easy Going Into a Slog Through Mud")."Stocks surged yesterday afternoon, sending…
