Press Exaggerates Nov. Existing-Home Sales Plunge by Ignoring Raw Data
December 22nd, 2015 12:57 PM
The business press worships at the altar of seasonally adjusted data. Most journalists covering the economy don't even bother looking at raw, not seasonally adjusted data, which in layman's terms is best understood as "what actually happened." As I have shown for nearly a decade, this is often a big mistake.
On the rare occasions when reporters take the initiative to look at the raw data, they…
NY Daily News Posts Black Site's Vid As It Ridicules 'White Meatheads'
December 21st, 2015 8:41 PM
Rosalind Brewer is CEO of Sam's Club, the wholesale division of Walmart. Sam's claims that it is "committed to being the most valued membership organization in the world."
Brewer is apparently "committed" to a cause which has become quite a distraction from Sam's core commitment. Last week, she told CNN of a meeting she had with a supplier. Was she interested in getting the best prices and terms…
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CNN, FNC Slam ‘Outrageous’ NYT for Deleting Obama Quote on Cable News
December 21st, 2015 4:43 PM
Both of the media-centered programs on CNN and FNC covered on Sunday the move by the New York Times from Friday to delete a line from an article about President Obama not fully realizing “the anxiety” of Americans following terror attacks due to his lack of exposure to cable news. Other than NPR TV critic Eric Geggans rushing to Obama’s defense on CNN’s Reliable Sources, the other panelists both…
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Doris Kearns Goodwin Fawns Over Hillary’s ‘Amazing Confidence'
December 21st, 2015 1:06 PM
Liberal historian and former Johnson administration staffer Doris Kearns Goodwin was on Sunday’s Meet the Press panel and to the shock of no one, sang the praises of Hillary Clinton by proclaiming how she projected an “amazing...internal confidence” in the debate and has become “a better candidate now than she was six months ago” and from 2008.
Press Almost AWOL As Far-Left PR Firm Closes Over Harassment Charges
December 21st, 2015 12:52 AM
A leftist flack who has been waging his own personal war on women for at least a decade has been exposed. As a result, his far-left public relations firm, a leader in the field, has closed.
FitzGibbon Media shut down on Thursday. That's because Trevor FitzGibbon, the firm's founder and owner, who also was "a communications director for (now-President Barack) Obama’s 2008 campaign," has been…
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ABC’s Cokie Roberts Dismisses Bernie Hours After Praising Him
December 20th, 2015 2:36 PM
Hours after praising socialist Senator Bernie Sanders prior to ABC’s Democratic presidential debate on Saturday night, ABC News political analyst Cokie Roberts completely reversed course on Sunday’s This Week and brushed off Sanders as unelectable and having shot at the nomination even if he wins both the Iowa caucuses and New Hampshire primary in February 2016.
AP's D'Innocenzio Makes Disappointing Online Sales Growth Seem Strong
December 20th, 2015 10:57 AM
What little remains of the economy's momentum appears to be riding on Christmas season consumer spending being perceived as strong. Unfortunately, it hasn't been.
Following up on her early Friday excuse-making for why things haven't gone too well at the malls so far — it's because the weather has just been too darned nice — Anne D'Innocenzio at the Associated Press worked over the available…
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Fail: MSNBC Skips Out on Airing Post-Democratic Debate Analysis
December 19th, 2015 11:47 PM
After airing an hour of coverage following the last Saturday night Democratic presidential debate on November 14, MSNBC skipped out on airing any post-debate analysis after Saturday’s third Democratic debate on ABC and instead played yet another episode of its weekend jail series Lockup.
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ABC Lets Stephanopoulos Host Pre-Debate; Teams w/Panel to Tout Hillary
December 19th, 2015 9:00 PM
Showing that they’ve learned next to nothing from the George Stephanopoulos/Clinton Foundation scandal, ABC allowed its chief anchor in Stephanopoulos to anchor its pre-game coverage of Saturday’s Democratic presidential debate. Not surprisingly, the former Clinton White House official teamed with DNC Vice Chairwoman Donna Brazile to gush over how Hillary Clinton has “found her footing during the…
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CBS Downplays Sanders vs. Clinton-DNC Scandal; ‘Brewing’ 'Family Feud'
December 19th, 2015 12:38 AM
On Friday, the “big three” of ABC, CBS, and NBC covered the new scandal brewing inside the Democratic presidential campaign with the data breach involving the Bernie Sanders and Hillary Clinton campaigns (plus the Sanders camp suing the Democratic National Committee), but it was the CBS Evening News that sought to downplay the story by not covering the “brewing” “family feud.”
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Nets Censor NYT Deleting Obama Quote on Not Understanding Terror Fears
December 18th, 2015 9:29 PM
The major broadcast networks on Friday morning and evening showed no interest in reporting to viewers that The New York Times had scrubbed from an article on its website that contained a quote from President Obama telling columnists that he did not watch enough news coverage of the Paris and San Bernardino terror attacks to truly grasp the anxiety of the American people.
AP Howler: Economy 'Healthy' Because of 'Solid Consumer Spending'
December 17th, 2015 4:56 PM
For an understanding of just how weak the business press's understanding of economic fundamentals is, look no further than Paul Wiseman's brief "coverage" at the Associated Press Wednesday of the Federal Reserve's awful Industrial Production.
The Fed reported yesterday that industrial production fell by 0.6 percent in November on top of a revised -0.4 percent (down from -0.2 percent) in October…
Absurd Reuters: Today's Homebuilding News 'Signals Economic Strength'
December 16th, 2015 11:51 PM
Reuters and reporter Lucia Mutikani went way overboard today in reacting to today's residential construction news from the Census Bureau.
Mutikani's headline contended that today's "housing data signals economic strength," while a section title claimed that there are "strong housing fundamentals." That can only possibly be true if one believes the world began in 2007.
Networks Censor ABC Poll Finding 53 Percent Oppose Assault Weapons Ban
December 16th, 2015 6:00 PM
ABC's morning and evening newscasts, along with those of competitors CBS and NBC, have yet to cover on the latest Washington Post/ABC poll finding that 53 percent of Americans oppose a new assault weapons ban. This is the "first time in more than 20 years of ABC News/Washington Post polls, with the public expressing vast doubt that the authorities can prevent 'lone wolf' terrorist attacks and a…