Stephen Bernard

Today's report from The Conference Board shows that consumer confidence fell steeply in September: The Conference Board Consumer Confidence Index®, which had improved in August, retreated in September. The Index now stands at 48.5 (1985=100), down from 53.2 in August. In a report issued in the run-up to the Board's release (go to the text which follows the "Breaking News Update" here; saved at…

Sometimes you just have to chuckle at the transparent motivations of business writers in the establishment press. Two Associated Press reports from this afternoon, one from Stephen Bernard and another much lengthier piece from Jeannine Aversa, attempt to set the template for Friday morning's reportage: Despite all the bad news, including a serious downward revision to second-quarter economic…

You would think that someone going to the trouble of reporting on something would at least provide the most basic of relevant numbers so that readers could understand what they're telling us.That isn't the case with the 11:51 a.m. version of Uncle Sam's report on unemployment claims by the Associated Press's Stephen Bernard and Tim Paradis. Their report failed to specifically state what analysts…

The coverage yesterday by the Associated Press's Stephen Bernard of payroll and human resources giant ADP's monthly jobs report for November focused on a relatively small reduction in the size of the decline in jobs lost and not on the fact that continuing to lose jobs is a bad thing.That rhetorical sleight of hand enabled the AP reporter to tell us that ADP's reported private sector job loss…