This week, the Associated Press wrapped up a year of largely pathetic business reporting with three items exemplifying the wire service's habits of data-twisting, sloppiness, and convenient omissions.
A deceptive AP post-Christmas story pretended that Christmas-season "spending" was twice as high as anyone else has predicted. A report on pending home sales omitted a concerned comment from a normally incurably optimistic economist at the National Association of Realtors. Finally, the AP appears to have ignored today's Chicago manufacturing report from the Institute for Supply Management, even though it came in at a level which has previously foreshadowed a nationwide recession.











