Goldman Drops Fri. Evening 'Bomb,' Projecting Unemployment at 8.75% at
Per Reuters blogger James Pethokoukis, Goldman Sachs, demonstrating Democratic-friendly timing similar to that seen at the New York Times a month or so ago, published an extraordinarily gloomy economic forecast last night.
Here are some of the details he quotes:
"Following another week of weak economic data, we have cut our estimates for real GDP growth in the second and third quarter of…
David Cay Johnston's Utterly Humiliating, Totally Incorrect Anti-Murdo
I've been trying to resist taking satisfaction in David Cay Johnston's utter humiliation on his first assignment at Reuters. Y'know, there but for the grace of God, etc. I do wish him well, though I question whether the feeling is mutual. More important, I hope he recognizes the need to go into journalistic rehab. My guess is that he doesn't.
The former New York Times journalist/reporter (…
Mis-Tweetment: Reuters Falsely Tweets That GOP Is OK With $150-200B in
Wednesday afternoon, BigJournalism.com editor-in-chief Dana Loesch reported that Arizona Senator John Kyl had been on the receiving end of what I would call "mis-tweetment" at the hands of someone irresponsibly chirping away at Reuters.
The Reuters tweet stated that "Republicans have agreed to $150 billion to $200 billion in increased tax revenues as part of budget talks," and claimed Senator…
Reuters Ignores Projected August Debt Payments in 'Exclusive' About Pr
Reuters on Thursday issued what it called an "exclusive" report about the Treasury department "secretly" weighing options to avert a default if the debt ceiling isn't raised by August 2nd.
In the piece, the authors shared with readers the amount of tax revenue Treasury projects it will collect in August as well as projected Social Security payments, but conspicuously ignored what the…
Reuters, AP Run Interference for Dem Gov. Dayton in Minn. Shutdown
Weekend coverage emanating from Minnesota via Reuters and the Associated Press is doing its level best to run interference for Democratic Governor Mark Dayton, who has chosen to shut down the government rather than sign a budget which does not include tax increases.
Media Lauded Meghan McCain's 'Saucy' Memoir but Call Bristol's Book 'T
There were two candidates on the GOP ticket in 2008, John McCain and Sarah Palin. Both had young daughters involved in the campaign. Both have written books about the experience. Guess which book was celebrated and which was savaged?
The media's character assassination of Sarah Palin knows no bounds, as she's been smeared as everything from "evil" to "unintelligent." But "Palin Derangement…
AP Waffles on Calling Source of European E. Coli an 'Organic' Farm
On Wednesday evening in Europe (12:31 p.m. Eastern Time), in what it was already describing as "the world's deadliest known outbreak of E. coli," the Associated Press reported that "No cause for the outbreak has yet been found," while farmers on the continent were petitioning the EU for hundreds of million of dollars in compensation.
By midday European time (6:27 a.m. ET) on Friday, June 10,…
Reuters Headline IDs Weiner 'Republican
Was the wire service Reuters doing some wishful thinking with an article about embattled Congressman Anthony Weiner (D-N.Y.) Wednesday?
Consider the following MSNBC.com headline - isn't it delicious?!? - captured by our friend JammieWearingFool:
Reuters All But Bewails Ronald McDonald 'Hawking Happy Meals to Kids
Reuters slanted towards the critics of McDonald's in a Thursday report about a petition calling on the fast food giant to retire mascot Ronald McDonald and to give up its signature Happy Meal for kids. Correspondent Debra Sherman even went so far to spotlight how the CEO of a medical company which produces "cholesterol-lowering statins and...heart stents" sits on the board of McDonald's.…
Reuters Laughable Excuses for Slow Economic Growth Report
Dismal economic growth.
It's hard to be upbeat about that but since it occurred during a Democrat administration, Reuters does its best to accentuate whatever positive it can find in its report. First the downbeat news as relayed by Reuters reporter Lucia Mutikani:
WASHINGTON (Reuters) – Economic growth slowed more than expected in the first quarter as higher food and gasoline prices…
Reuters' Freeland: US Prisons An 'American Gulag Archipelago
Chrystia Freeland has called the US prison system an "American Gulag Archipelago." The Global Editor-at-Large of Reuters made her comment during today's Dylan Ratigan show on MSNBC.
The context was a discussion of the recent WikiLeaks document dump about Gitmo, but Freeland was clearly speaking of the domestic US prison system, not our military prisons. Ratigan picked up on her theme,…
In Reports on March Deficit, Wire Services 'Forget' to Tell Readers Sp
In a business that is supposed to treat record achievements, dubious or otherwise, as news, it's more than a little curious to note that the Associated Press's Martin Crutsinger, along with Reuters and AFP, all "somehow" forgot to tell readers that March's reported federal outlays, as seen in the Monthly Treasury Statement released today, came in at an all-time record of $339.047 billion, and…
AP Uses Economist's Dubious 'Undeniable' Improvement Assertion to Fram
UPDATE, April 1: Joshua Shapiro, who is "quoted" in the AP article covered in this post, has emailed me and informed me of the following --
Christopher Rugaber did not speak with him, but instead used text from "a written note that I (Shapiro) produced after the jobless claims report was released."
Shapiro is unhappy at my making it appear that he is fooled by establishment press…
Reuters 'Analysis': Obama Not 'Going It Alone' Like Bush Did; Oil Now
On Thursday at Reuters, Andrew Quinn, with the help of Caren Bohan, cobbled together a pathetic "analysis" full of sympathy for a "struggling" Barack Obama and recognition of the need to keep oil flowing from Saudi Arabia. It also contained a false jab at George W. Bush and the War in Iraq.
First, let's look at Quinn's Bush jab:
Obama is committed to partnering with other countries rather…
