Wire Services/Media Companies

An April 17 Associated Press story reported that "Just 6 percent of people say they have a lot of confidence in the media." AP writers Carole Feldman and Emily Swanson complained that "perceptions of inaccuracy and bias, fueled in part by Americans' skepticism about what they read on social media." In a later paragraph, they confessed that "The poll shows that accuracy clearly is the most…

Just in time for tomorrow's first-quarter economic growth announcement from the government, Bloomberg Businessweek's Economics Editor is telling readers: "Don't Sweat America's Upcoming Microscopic GDP Growth." Besides, Peter Coy writes, people need to get used to the supposedly inescapable fact that "Normal growth for the U.S. economy is just a lot lower than it used to be." Americans shouldn't…

Search for "go further" and "Hillary Clinton" for recent news on the Democratic Party's frontrunner, and you won't find any establishment press coverage. This is disappointing but not unexpected. The establishment press continues to run interference for her, and reporting that Mrs. Clinton will "go further" (to the left, of course) on a number of issues than Barack Obama has while he has been…

Today's stories at the business wires covering this morning's disastrous durable goods report from the Census Bureau ranged from good to absolutely horrid. March orders only increased by a seasonally adjusted 0.8 percent, less than half of the 1.7 percent to 2.0 percent increase that was expected. Additionally, February's originally reported decline of 2.8 percent was revised down to -3.1 percent…

If what Barack Obama contended in London, England on Saturday was obviously true, I suspect that the establishment press would be broadly proclaiming it and looking back at the President's wonderful work. What Obama is claiming — that his presidency is responsible for "saving the world economy from a Great Depression" — is nonsense, but he's clearly beginning to lobby for it to become the…

In an utterly amazing and totally unexpected coincidence, Verizon is reporting that there has been a spike in vandalism and sabotage against its facilities since workers went on strike on April 13. (That's sarcasm, folks.) Paul J. Gough at the Pittsburgh Business Times has reported the company's claim that "there have been more than two dozen cases of what it called sabotage to cables and its…

On Friday, the New York Daily News broke the news that "The head investigator for the state Board of Elections probed the 2014 fundraising efforts by (New York City) Mayor de Blasio and his team on behalf of the (New York State) Senate Democrats and found enough 'willful and flagrant' violations to warrant a criminal referral to the Manhattan DA’s office." The story has attracted virtually no…

Solary energy company SunEdison filed for bankruptcy on Thursday. According to Reuters, the company's stock traded as high as $33.44 in July 2015. The stock closed at 22 cents today. Nine years ago, the company's market value was over $17 billion. According to the Associated Press, in July of last year it was still worth $10 billion. The losses aren't limited to investors, however, a fact that…

On Sunday, I noted how the Associated Press wouldn't let the awful national news from the Federal Reserve on Industrial Production (second straight month of 0.6 percent contraction) stand alone without trying to offset it with phony evidence that U.S. manufacturing is showing "signs of stability." That "evidence" was primarily a positive manufacturing survey result from just one state: New York.…

On April 1, the Associated Press, in an online video which I covered in an April 2 NewsBusters post, interviewed three California business owners about the impact the state's just-passed $15-per-hour minimum wage would have on their businesses. Though the video was headlined "Small Businesses React to Calif. Wage Increase," the owners interviewed weren't representative of the whole state in any…

Three important things happened at Tuesday's hearing of the House Judiciary Committee's Subcommittee on Immigration and Border Security. The first was the testimony of two mothers of children killed by illegal immigrants. The second was the outrageous and false contention by a Methodist bishop that the mere act of bringing attention to these heinous offenses is a form of "blind vengeance" over "…

In another blow to the U.S. and worldwide economy, chipmaker Intel announced today that it is reducing its worldwide workforce by 12,000 people, a cut of 11 percent. Of course, there are tech-related reasons why the company made the move, most notably the shift by some users to tablets and smartphones, where the company's market penetration has been weak and almost non-existent, respectively, as…

The government reported this morning that seasonally adjusted March housing starts and building permits fell by 8.8 percent and 7.7 percent, respectively, far worse declines than analysts and economists predicted. After the report, the business wires at least communicated the facts accurately, but continued to insist almost to the point of editorializing that there's no reason to be worried…