GM's Auditor Issues 'Going Concern' Warning; Press Ignores Post-Bailou

March 5th, 2009 11:57 AM
An early review of press coverage relating to this morning's warning by General Motors that "there is substantial doubt about our ability to continue as a going concern" shows no coverage of the reason why, despite $13.4 billion in taxpayer money (NOT counting bailout money going to GMAC), things have gotten so much worse so quickly.The reason is that sales in the two full months since the Bush-…

CNN's Rick Sanchez Uses Left-Wing Media Matters to 'Fact Check' Mike P

March 4th, 2009 6:50 PM
On Wednesday’s Newsroom program, CNN anchor Rick Sanchez turned to Eric Burns, the president of the left-wing organization Media Matters for America, to “fact check” Representative Mike Pence’s appearance on the program the previous day. Sanchez failed to mention the political leanings of Media Matters during the segment, and didn’t follow-up when Burns obliquely referenced his past occupation as…

February Vehicle Sales: The Blowup of the Bailed-Out Continues

March 4th, 2009 4:14 PM
For the second month in a row, taxpayer-bailout beneficiary General Motors fared worse than every one of its non-bailed-out competitors. The Associated Press's Tom Krisher and Bree Fowler didn't totally hide that fact, but it took them until the 22nd paragraph of their report, which was supposedly about the February performance of the entire auto industry ("Auto sales slump persists as consumers…

Trading Like It's 1995: Press Ignoring Inflation's Impact in Reporting

March 4th, 2009 9:55 AM
This report carried in the Washington Business Journal typified yesterday's coverage of yet another decline in the stock market:Dow declines further stillWall Street’s major stock indexes followed Monday’s strong sell-off with a day of fluctuation, ending with more losses.The Dow Jones Industrials Average gyrated between modest gains and losses throughout the trading day, ending the down 37…

Toledo Blade Reporter Names Party (GOP) of Auditor, But Not That of Go

March 3rd, 2009 11:31 PM
You've got to hand it to Jim Provance of the Toledo Blade. He managed only to identify the party of a Republican in a story that is primarily about a Democratic administration's failure to produce timely financial statements. Democratic Governor Ted Strickland, his administration, and his appointed Democrats in Ohio's Office of Budget and Management are not going to have the state's records in…

Press Virtually Ignores Joe Biden's '400 Jobs Lost a Day' Louisiana Wh

March 3rd, 2009 1:18 PM
Did you hear the one about Joe Biden claiming that Louisiana under Governor Bobby Jindal is losing 400 jobs a day? Probably not. A search at the Washington Post on "Biden 400 jobs Louisiana" (not in quotes) came back with no results. No relevant results were returned with the same searches done at the New York Times and the LA Times. The math-challenged Biden, who infamously said during the…

AP's Citi Deal Report Avoids 'Nationalization,' Plays 'Name That Party

February 27th, 2009 12:08 PM
There's an N-Word you apparently write at your own risk if you're in the establishment media. It's "nationalization." The Associated Press's Stephen Bernard, with the help of old reliables Jeannine Aversa and Martin Crutsinger, blew through almost 800 words (link is dynamic; 12:49 p.m. version is saved here for future reference, is now authored by Crutsinger, and is longer than what I originally…

Dead-Tree Hypocrisy: NYT, Massive Paper User, Lectures on Toilet Paper

February 26th, 2009 5:46 PM
New York Times reporter Leslie Kaufman, who works for a paper that prints over one million copies every day, lectured Americans for using wastefully cushy toilet paper in Thursday's "What Mr. Whipple Didn't Say: Softer Paper Is Costly to Forests." Americans like their toilet tissue soft: exotic confections that are silken, thick and hot-air-fluffed. The national obsession with soft paper has…

Did Gingrich Invent Partisanship? The NY Times Thinks So

February 23rd, 2009 6:00 PM
The New York Times seems to think there was no such thing as partisanship in Washington, D.C. until conservative Republicans came around in the 1990s to invent it. White House reporter Sheryl Gay Stolberg's front-page Sunday Week in Review story, "Cutting the President Slack Is So Old School," is another example of that ideological blindness, impying that former House Speaker Newt Gingrich…

Kudlow, Santelli Push Back Hard at Mortgage-Mod Program, Harder at Gib

February 23rd, 2009 7:02 AM
Advantage Rick Santelli -- and Larry Kudlow. CNBC reporter Santelli's Thursday morning "Shout Heard Round the World" (CNBC's term) objecting to the Obama administration's mortgage modification program on the floor of the Chicago Mercantile Exchange quickly went viral, and struck two nerves. First, it ignited a groundswell of support from the over 90% of the of the nation that pays its bills and…

NY Times Feeds Into Notion that Republican Opposition to Stimulus Bill

February 20th, 2009 2:55 PM
South Carolina Congressman James Clyburn appeared on WIS-TV yesterday in a round table setting to discuss how the stimulus bill will affect South Carolina.  During the debate he stated that he was insulted by opposition to the plan; specifically targeting GOP Governors of Southern States by implying that their opposition was a "slap in the face of African-Americans" as if race was a determining…

CNN Omits ACORN's Role in Organizing Foreclosure Protest

February 20th, 2009 12:02 PM
On Friday’s Newsroom program, CNN anchor Heidi Collins failed to mention ACORN’s role in sponsoring a rally against foreclosures in an Oakland, California neighborhood. During her brief, video clips from the protest clearly showed the presence of the group’s signs, name, and logo.Collins characterized the rally as “[a]nger over the foreclosure crisis pouring out into the streets of Oakland,…

New York Times Co. Suspends Dividend; Share Price Less Than Cost of Su

February 20th, 2009 9:03 AM
Yesterday, The New York Times Company suspended its quarterly dividend. The company's stock slid 5% to close at $3.51, yet another all-time low in the company's nearly 23 years as a public company in its current form (the Times has been a public company since the 1960s).Henry Blodget at Silicon Valley Insider noted, even before yesterday's announcement and share-price dip, that the company's…

Time’s Amy Sullivan Misrepresents FOCA Battle, Obama's Abortion Supp

February 19th, 2009 7:21 PM
Amy Sullivan’s article on Time.com on Thursday, “The Catholic Crusade Against a Mythical Abortion Bill,” tried to downplay President Obama’s past and current support for abortion, and tried to use a technicality to “prove” that there is no chance of passage for the staunchly pro-abortion Freedom of Choice Act (FOCA): “...FOCA has also provided ammunition for those on the right who want to paint…