With Worse Data Than a Decade Ago, AP Says No Recession 'Anytime Soon'

Tom Blumer
January 18th, 2016 12:10 PM
During the middle years of last decade, the business press, including the Associated Press, worked the word "recession" into its reports on the economy quite regularly. Yesterday, despite a current economy facing far worse fundamentals than were seen during 2007, the AP's Paul Wiseman and Bernard Condon gave us a nearly 882-word treatise on "WHY GLOBAL WOES AND SINKING STOCKS DON'T MEAN US…
 

After Market's Disastrous Day, AP Makes Several Wishful Assertions

Tom Blumer
August 21st, 2015 11:47 PM
Tonight's report at the Associated Press in the wake of Wall Street's disastrous day isn't quite an Animal House moment — "Remain Calm! All Is Well!" — but it's more than fair to say that the wire service's Matthew Craft and Bernard Condon allowed quite a bit of wishful thinking into their writeup. In late June, I noted that the AP's Ken Sweet asked a very important question about China ("IS…
 

Absurd AP: Birth Dearth Since Financial Crisis Is Causing Slow Workfor

Tom Blumer
May 7th, 2014 11:03 PM
If I didn't know any better, I might have thought, based on an Associated Press report tonight by business writer Bernard Condon prepared with the help of four others, that governments everywhere had reinstituted child labor for those as young as six years old. That's the only way to support the claims Condon made about how the birth dearth in the developed world driven by the 2008 financial…
 

AP Biz Writer on Good Stocks to Buy: 'One Good Bet: The Jobless Aren't

Tom Blumer
July 9th, 2011 8:46 PM
While Associated Press Economics writers like Christopher Rugaber and Paul Wiseman, as seen in a post this morning (at NewBusters; at BizzyBlog), talk of "baffled economists" and a job market that is "defying history," one AP writer, in discussing stocks which have done well in this economy, has revealed what employment prospects really are with quite un-baffling certainty from the point of…
 

AP's Condon Rips S&P's Record, Ignores Fannie Mae's, Freddie Mac's Sys

Tom Blumer
April 19th, 2011 12:20 AM
As night follows day, the press is beginning to go after a business entity which had the nerve to do its job and call attention to Uncle Sam's dire fiscal situation. Standard and Poor's is presumably not 100% populated with angels, but it didn't deserve the gratuitous and ignorant shots fired at it this evening by the Associated Press's Bernard Condon and an "expert" he quoted. In attempting…
 

AP: Both Brown Win and Obama Anti-Bank Attacks Examples of 'Populism

Tom Blumer
January 24th, 2010 11:44 PM
It's amazing how Bernard Condon and Tim Paradis of the Associated Press managed to hang the same label on totally opposite political positions in their report on the situation in the stock market late this afternoon.According to the AP pair, Scott Brown's U.S. Senate win in Massachusetts was due to a "wave of populism," at the same time as President Obama is supposedly planning to use "populist…