Economy

In early July, following the very first month after Chrysler LLC emerged from bankruptcy, the Associated Press, in an unbylined report about changes in the company's board, saved this little nugget for the last of its eight paragraphs: Chrysler's poor June performance also casts doubt on whether the U.S. government's $7 billion allocation will be enough to get the automaker through the U.S. sales…

BMI's Julia A. Seymour appeared on FNC's "America's News Headquarters" to discuss her latest report, "Networks Flip Flop on Jobs." During Seymour's Oct. 4 appearance, she told host Shannon Bream some of the findings of her report. "Let's talk about who was the president 26 years ago, Ronald Reagan. So how were his unemployment numbers, or what happened under his watch covered as compared…

Based on the data, the current job situation for teenagers in America is the worst on record. According to Uncle Sam's Bureau of Labor Statistics: Seasonally adjusted teenage unemployment hit 25.9%. That is the highest rate in the nearly 62 years BLS has been reporting this number. The previous record was last month's 25.5%. The record before that was 24.1% in November and December of 1982. A…

Reviewing September's detailed sales results in the car business carried at the Wall Street Journal, three things stick out immediately: The awful performance at General Motors -- down 45% from September 2008. Chrysler's even worse performance -- down "only" 42% from September 2008, but a mind-boggling 61% from September 2007 (62,197 in 2009, 156,799 in 2007) Ford's tiny decline of only 6%…

It's not too often where both a prominent conservative and a prominent liberal would deviate from their ideological consensus on a particular issue. However, the news of the day - Chicago being beaten out by Rio de Janeiro for the 2016 Summer Olympic Games is one such instance. MSNBC "Morning Joe" host Joe Scarborough, who identifies himself as a conservative, said he was glad President Barack…

It was bound to happen. Although some in the liberal media were all too eager to point out instances where some are celebrating President Barack Obama's "epic fail" in the media, it was just a matter of time before conservatives and Republicans got the blame for the President's inability to secure the 2016 Olympics for Chicago. Enter MSNBC's Ed Schultz. During his Oct. 2 MSNBC show, the liberal…

Former Clinton Labor Secretary and current Obama economic advisor Robert Reich was laughed at Friday for claiming "the stimulus package is the thing that is actually keeping the economy up, keeping people employed." In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow…

As the Business & Media Institute's Julia Seymour previously reported, the September unemployment data just released by the Bureau of Labor Statistics revealed a larger than expected decline in non-farm payrolls.Yet, as employers shed another 263,000 workers, the healthcare industry ADDED -- yes, ADDED!!! -- 19,000 employees.As NewsBusters reported last month, the healthcare industry, despite…

Unemployment rose again in September, to 9.8 percent, with 263,000 jobs lost according to Bureau of Labor Statistics release. That followed months of positive economic coverage from the networks and begs the question: how with the network news spin that tonight? The network news media have been manipulating bad jobs reports in Obama's favor since March as the unemployment rate rose from 8.1…

BMI's Julia A. Seymour appeared on today's Fox Business Live with Stuart Varney to discuss the discrepancy in media coverage of unemployment under Presidents Reagan and Obama. Author of BMI's latest study, "Networks Flip-Flop on Jobs," Seymour explained her findings: We looked specifically at seven months of coverage in 1982 and again in 2009 that had very similar periods of unemployment…

Scary times ahead? Perhaps, if you take credence in what Rep. Ron Paul, R-Texas, says. Paul, who had a strong grassroots following during the 2008 presidential election, explained on Glenn Beck's Sept. 30 radio program that perilous times lie ahead due to the Federal Reserve's loose monetary policy. Host Glenn Beck asked if voices on the left, including the left-wing media, were right - would…

Unemployment is currently at a 26-year-high of 9.7 percent and expected to continue rising. The last president to govern with such high unemployment was President Ronald Reagan. But in 1982, when unemployment was rising similarly to the way it has in 2009 the network news media were merciless quoting attacks from Democrats, union leaders and the unemployed to attack Reagan's "sadistic" fiscal…

Karl Rove, David Axelrod - look out. CNBC "Mad Money" host Jim Cramer has the political climate figured out. Since inauguration, President Barack Obama has seen his approval ratings fall by almost every poll and that's historically a normal reaction as the newness wears off a new president. During his Sept. 30 "Stop Trading" segment on CNBC's "Street Signs," Cramer pointed out that although…

Here's more "civility" from the Left. In a Chicago Tribune article today that appears to open as an attempt at humor but quickly devolves into nastiness, NPR-dependent radio host and author Garrison Keillor, among other things, attacks social conservatives, blames them and not those who have brought legal actions for years-long fights over keeping religious symbols right where they are, and --…