AP: Fed May Pause Increases, Only Because of 'Darker Global Economy'
Over the past several months, economics reporters at the Associated Press have told us time and time and time again that the U.S. economy is "largely insulated" from adverse economic developments overseas.
So why is the AP's Martin Crutsinger going along with the now-shifting conventional "wisdom" that Janet Yellen's Federal Reserve may have to defer implementing additional interest-rate…
'America’s Best Days May Be Behind It' Declares NYTimes Reporter
You could have set your watch to it. When a leftist local, gubernatorial or presidential regime enters its final year after demonstrating its corruption, incompetence and inexcusable disrespect for law and procedure to that point, someone in the press will directly or indirectly excuse them by saying that the entity that person is running is "ungovernable," or that "its best days are behind it…
Ho, Ho... No: AP Xmas Sales Reporting Was Way Off Target
On December 28, the headline at a conveniently unbylined report at the Associated Press screamed: "HOLIDAY SPENDING UP 8 PERCENT; ONLINE SALES SURGE." As I noted in a post later that day, this was odd, to say the least, given that even the incurably optimistic National Retail Federation had predicted an increase of only 3.7 percent. It turned out that the reported growth rate was based on the…
Juan Williams: Republicans Are Responsible for 'Civility's Breakdown'
Poor President Barack Obama.
Juan Williams, in a Monday column at The Hill, insists that "the president is not to blame for the rancor and polarization that have characterized his presidency," and "is not responsible for the unprecedented obstructionism employed by (Mitch) McConnell’s Senate Republicans." Why, In Williams's world, Obama has apparently been the very model of civility, while…
AP Fails to Report: 93 Pct. of U.S. Counties Haven't Fully Recovered
On Wednesday, Amber Phillips at the Washington Post's The Fix blog impressively took President Obama to task for his over-the-top bragging about the nation's mediocre (and likely getting worse) economy. She noted that "the biggest knock on the Obama economy ... is that the recovery has been very good for the wealthy and certain sectors and not so much for the middle class and everyone else." Hear…
With Worse Data Than a Decade Ago, AP Says No Recession 'Anytime Soon'
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…
AP Blames World for Stocks' Dive; CNBC Scribe Warns: 'Worse Than '08'
The Associated Press's coverage of Friday's deep U.S. stock market dive in two Friday afternoon reports engaged in the reality avoidance longtime readers here have come to expect.
An item by Stan Choe ("Get used to it: Big drops for stocks are back again") spent most of its verbiage on "volatility," and only cited "China's sharp economic slowdown ... Tensions in the Middle East ... the plunge in…
Yahoo Reporter Won't Cite Awful U.S. Economic Data as Markets Tank
The press's fierce determination to avoid blaming any of the steep decline in this nation's stock markets so far this year on horrid U.S. economic data, or on the Obama administration which has given us such a sour economic environment, has gone way beyond annoying.
Shortly after noon at Yahoo Finance, as the Dow Jones Industrial Average's Friday dive hit 500 points, Nicole Sinclair, who is also…
AP Learns That the Obama Era Has Hurt the Poor, Won't Call Him Out
The Brookings Institution, the leftist think tank, is wailing and gnashing its teeth over its finding that in many metro areas, "income inequality," their favorite bogeyman, is being "driven by declining incomes" among their poorest residents. The problem isn't so much that the rich are getting richer as it is that the poor are getting poorer. As a result, "Inequality is higher today in most…
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Santelli: Press's Push For Low Rates Forever Will Turn Us Into Japan
On Saturday, after one of the worst year-opening weeks for the stock market in many years, Myles Udland at BusinessInsider.com complained that "The stock market is having a nightmare start to 2016 and it's all the Fed's fault." This sentiment is apparently widely held in the media. At NationalInterest.org on Tuesday, Christopher Whalen wrote that "the Fed created the current unstable market…
AP Mystified by World Markets' Dive, With 'Economies on the Mend'
It would appear that Yuri Kageyama at the Associated Press has fallen into the trap of believing the rubbish her employer and much of the rest of the world's press has been pushing about how the world's economies really aren't performing all that poorly, that this "new normal" world isn't all that bad, and what we are seeing is all we have a right to expect.
You see, Kageyama doesn't understand…
Memo to AP: Job Growth Doesn't Automatically Equal Economic Growth
At the Associated Press, as seen at its "Top Business News" page Friday afternoon, Christopher Rugaber opened his song of praise for yesterday's jobs report ("US EMPLOYERS HIRE AT ROBUST PACE, DEFYING GLOBAL TRENDS") as follows: "American employers added a robust 292,000 jobs in December, suggesting that the U.S. economy is so far defying global weakness and growing solidly. ..."
Rugaber's…
AP Applauds 'Blistering Pace' in Jobs, Buries Awful Wholesale News
Yesterday at NewsBusters, Ken Shepherd noted how quickly and gleefully the New York Times jumped ("an impressive sprint capping off a year of solid job growth") on December's relatively strong jobs report.
The Associated Press joined the parade — "US EMPLOYERS HIRE AT BLISTERING PACE, DEFYING GLOBAL TRENDS" – and kept its story as its lead in its Business "Top Stories" until late afternoon.…
Networks Air 4-to-1 Favorable Coverage of Minimum Wage Hikes in 2015
Business
When it comes to raising the minimum wage, networks minimize balance and maximize bias.
After a year of protests clamoring for a $15 minimum wage, Christian Science Monitor reported that 14 states and several cities increased minimum wages or planned to in 2016. Several more cities and states are expected to consider a $15 minimum wage with ballot or legislative initiatives, according to USA…
