Economy

"A Meltdown for Argentina's Hillary" blares the teaser headline in the Top Stories slideshow on Time.com's front page."The fortunes of Argentina's new leader are falling even faster than those of the former First Lady she's been compared to," continues the caption on the front page. The June 2 article in question by Uki Goni delves into how President Cristina Fernandez de Kirchner has seen her…

How does a former reporter for The Washington Post score a 2,200-word column on the mortgage mess in her former publication? Never mention personal responsibility. Kathleen Day took blame to a new level June 1 when she failed to mention personal responsibility even one time in her lengthy column. Day, now a spokeswoman for the left-wing Center for Responsible Lending, was a financial reporter…

In a hard economic times story by NBC's Kevin Tibbles on Monday's "Today" show there was a not-so-subliminal pro-Obama message on display as several times pro-Obama signs found their way into the background. Reporting on the increased traffic to pawn shops by the desperate to make ends meet in the "rocky economy," Tibbles, didn't mention Obama by name but the Illinois senator's name or image…

Yesterday's edition of CNN's Lou Dobbs Tonight included a report from Kitty Pilgrim on product recalls from China and the administration's efforts to reduce importation of unsafe products. "Bush administration officials are going through the charade of tougher enforcement with few results," according to correspondent Pilgrim. Using the term "charade" prepared viewers for where this segment was…

May 27: Paul R. La Monica for CNN Money reporting on Warren Buffett's belief that "we are already in a recession." Notice the lede: NEW YORK (CNNMoney.com) -- It's getting harder and harder to deny that the economy is in recession.May 29: The federal government releases an upward revision of the first quarter GDP growth. The ever-pessimistic AP reporter Martin Crutsinger grudgingly admitted that…

Matching predictions from Reuters and Bloomberg, the government's Bureau of Economic Analysis told us this morning that the economy grew at an upwardly-revised annualized rate of 0.9%. As I've said frequently, this is nowhere near acceptable. But it sure as heck isn't a recession.Initial reaction to the news by the Associated Press's Jeannine Aversa was unfortunately predictable (bolds are mine…

On Wednesday’s CBS "Early Show" co-host Julie Chen introduced a segment on rising gas prices and what people are doing to ease the cost: "This morning in our series 'Running on Empty' the news gets worse about gas prices. They jumped 15 cents in one week to a national average of $3.94 a gallon, according to the Energy Department. That is a record price. And it's forcing some drivers to take…

As of late, the networks just can't get enough of bad housing news, seizing each opportunity to make a point how bad the American economy is. Each of the network news broadcasts on May 27 - ABC, CBS and NBC - took the news that home prices fell 14 percent in the first quarter of 2008, despite the news that new home sales rose an unexpected 3.3 percent in April from March, to portray the…

The media have been quick to paint the slow-growing economy as though it's in recession. Indeed, as our friends at the Business & Media Institute discovered, the MSM now is painting the economy much worse than the print media reported the 1929 stock market crash that marked the beginning of the Great Depression.But kudos are due U.S. News & World Report's Rick Newman for staking out a…

For several months, NewsBusters has been reporting the new horror movie genre "Global Warming's Gonna Kill You!"Entering the fray is M. Night Shyamalan, the writer/director of 1999's smash hit "The Sixth Sense."Set to open coincidentally on Friday, June 13, "The Happening" is Shyamalan's move "to milk global warming for all the terror and despair it's worth."So say USA Today's "Weather Guys" (…

..... But Misses Chance to Refute "Jobs Slashed" Claims. It's good to see that someone else is on the case of the recession-obsessed Associated Press, particularly reporter Jeannine Aversa. But even the estimable James Taranto, in his Best of the Web column yesterday, let Aversa's most obvious and repeated error go by without comment. Aversa started out her report yesterday ("When economy…

Today, I have two short United Press International stories that each have bias in them, but aren't worth a long, drawn out fisking of their own. So I'm combining them into one Newsbusters report. The first UPI report characterizes a Dutch anti-Islam cartoon as having been "found most offensive," as if it were universally accepted that it is, indeed, offensive and the second is a ridiculous report…