Wire Services/Media Companies
Obama-Clinton Emails Make His Related Kroft Interview Statements False
October 31st, 2015 11:58 PM
A Friday evening story at the New York Times covered the Obama administration's decision to "try to block the release of a handful of emails between President Obama and former Secretary of State Hillary Rodham Clinton."
In it, reporters Michael D. Shear and Michael S. Schmidt demonstrated that President Obama undoubtedly did not tell the truth in his interview with CBS News's Steve Kroft in a 60…
Not News: Mediocre Economy Has Cost Americans Thousands Each
October 31st, 2015 10:47 PM
On Thursday, the government reported that the nation's economy turned in yet another quarter of poor economic performance, estimating that its gross domestic product grew at an annual rate of 1.5 percent in the third quarter.
The business press almost universally downplayed the news, and told readers that the fourth quarter will be better. No one talked about how much the tepid growth of the…
AP Story Fails to Tag NY Co-op's Crackup As an Obamacare Failure
October 31st, 2015 9:17 PM
Many of the state cooperative health insurers, or "co-ops," set up under the provisions of the Affordable Care Act, aka Obamacare, have gotten into serious financial trouble quite quickly. Almost half have cracked up completely. Specifically, as noted at Forbes.com on Thursday morning, "[O]f the 24 Obamacare co-ops funded with federal tax dollars, one (Vermont’s) never got approval to sell…
AP Minimizes Seriousness of Recent Declines in Pending Home Sales
October 30th, 2015 11:22 PM
Here's what should be an easy question: With data which has already been seasonally adjusted, what's more important — a) the fact that an index is a) up by 3 percent in the past year or b) the fact that it has fallen 5 percent in the past four months?
The correct answer is obviously b) — unless you're a writer for the Associated Press whose mission is to convince readers that the housing market…
Reuters Report on Weak Personal Spending Has Key Errors and Omissions
October 30th, 2015 2:12 PM
The government's Personal Income and Outlays report for September bore more evidence of a slowing economy. Consumer spending rose by only 0.1 percent, trailing expectations of 0.2 percent. That's troubling news, given that the optimists believe that strong consumer spending will supposedly drive stronger fourth-quarter economic growth.
Lucia Mutikani's coverage at Reuters made a common error in…
AP Reporter: It's 'Media's Job' to Act As CNBC Panel Did in GOP Debate
October 29th, 2015 2:37 AM
Wednesday night, an Associated Press reporter told us that it's the press's job to ask "tough, impertinent" questions like the ones moderators at Wednesday night's CNBC-hosted Republican debate were asking.
Ken Dilanian, who is apparently the AP's Intelligence Writer — seriously — really needs to consult a dictionary before he makes such a complete fool of himself. Here is what Dilanian tweeted…
AP's Crutsinger: 3rd Qtr. Was 'Subpar,' But Future 'Outlook Brightens'
October 28th, 2015 8:31 PM
Preparing the battlespace for tomorrow's report from the government on third-quarter Gross Domestic Product growth, the Associated Press's Martin Crutsinger early this afternoon told readers that we're likely to see "a subpar pace by any standard."
But we shouldn't worry, because the AP reporter contends that tomorrow's news will just be a temporary trough in this year's "dizzying roller coaster…
Without Evidence, AP Credits 'Solid Sales' For Home Price Index Uptick
October 28th, 2015 12:59 AM
To err is human, but some errors are more obvious than others.
One pretty obvious error occurred Tuesday at the Associated Press. It involved veteran economics reporter Christopher Rugaber, who somehow assumed that the August increase in home prices recorded in a well-known index published on Tuesday primarily occurred because of "solid sales." The problem is that seasonally adjusted existing…
Video
Latest CMP Video Confirms PP Tissue Harvesting Was Far More Widespread
October 27th, 2015 11:38 PM
Earlier today, Katie Yoder at NewsBusters posted and described the latest video from the Center for Medical Progress on Planned Parenthood's late-term abortion business and its related ghoulish work in harvesting fetal tissue from abortions for research.
Yoder's work and that CMP video caused me to remember how the Associated Press wrote up Planned Parenthood's announcement that it would cease…
AP Story on Awful Durable Goods Report Goes Quickly Into Hiding
October 27th, 2015 3:08 PM
If you're a few hours late catching up on reports on economic data at the Associated Press, one of the best ways to determine whether the news was good or disappointing is to see whether the story's headline and opening blurb are still present about four hours later among the wire service's "Top (usually 10) Business News" items. The good-news items will usually still be there; the disappointing…
AP Writeup on Steep September New Home Sales Drop Omits Key Facts
October 26th, 2015 11:31 PM
Today saw yet another "unexpected" disappointing development in the U.S. economy. The Census Bureau reported that seasonally adjusted sales of new homes, an area thought to be a bright spot, declined sharply in September to an annual rate 468,000 from 529,000 in August. The bureau also revised July and August significantly downward.
As bad as the as the adjusted numbers were, the raw data was…
Coverage of UAW-GM Tentative Agreement Perpetuates 'Concessions' Myth
October 26th, 2015 11:28 AM
Late Sunday evening, the United Auto Workers and General Motors reached a tentative four-year agreement shortly before the union's 11:59 p.m. strike deadline.
The agreement was expected, simply because the financial and political blowback of a strike at a company bailed out by taxpayers at a cost running into tens of billion of dollars back in 2009 would have been severe. Also expected: the…
AP Hides Hillary's Smoking-Gun Benghazi Admission to Chelsea
October 25th, 2015 12:45 PM
Those folks at the Associated Press sure are "clever."
Those looking for information about Hillary Clinton's damning email to her daughter Chelsea indicating that Mrs. Clinton knew that a planned operation by Al Qaeda — and not an Internet video — was behind the Benghazi attacks which killed Ambassador Christopher Stevens and three others trying to save him will find nothing at all at the AP's…
Not News: UAW Mulls Plan to Milk Unemployment System in a GM Strike
October 24th, 2015 10:30 PM
The news coming out of Detroit about near-deadline negotiations between the United Auto Workers union and General Motors has been pretty quiet. As the Sunday 11:59 p.m. deadline approaches, the Associated Press only has a four-paragraph blurb indicating that the union wants to get a richer package than it just garnered in negotiations with Fiat Chrysler. A Reuters report goes into detail about GM…