NYT Claims 'Ailing Economy' on Front Page -- What Ailing Economy
In "Wall St. Sees Silver Lining," new New York Times economics reporter Peter Goodman (formerly of the Washington Post) made Saturday's front page with a "news analysis" that impressively managed to put last week's big stock market rally in the context of an "ailing economy" that was "imperiled by the crumbling housing market."
Media Warns of $100/Barrel Oil – Still Hasn’t Happened
Remember when everyone was warning of impending economic collapse from oil reaching that mystical mark of $100 a barrel? Over the past two months, it has been on the way according to the media. But as of December 3, the price of crude has decreased - not increased as predicted."Crude briefly cracked $90 a barrel for the first time and analysts say that will soon trickle down to the pump," Alexis…
LA Times, AP, WaPo Call Defeated Chavez Power Grab 'Reforms
The Associated Press, Los Angeles Times, and Washington Post are all referring to a package of recently-defeated Venezuelan constitutional amendments as "reforms." In reality, those so-called reforms were all bent on amassing more power and influence in the hands of Hugo Chavez. Washington Post's Juan Forero gave readers early of the December 3 Home Edition article (published before the outcome…
Old Media's Recession Bandwagon Hits Another Speed Bump
Oh, how Old Media wants a recession. Too bad the economy isn't cooperating.The latest Institute for Supply Management (ISM) report on the Manufacturing Sector, covering about 15% of the non-government economy, was just released this morning, and led as follows:Economic activity in the manufacturing sector expanded in November for the 10th consecutive month, while the overall economy grew for the…
Buchanan Isn't 'Balance': On Big Issues, Pat Prefers Dems
The Democrats are better at understanding the impact of globalization on working people in America. The wages that have been arrested and halted in their growth, while, you know the boys in investment banking are making 10 times the average income of an American. I think the Democrats understand the consequences of it more than the Republicans and, frankly, another disagreement I've got with…
Global Warming and the Tax the Rich Scheme
Have you noticed the genie concerning the real modus operandi behind climate alarmism beginning to peek its head out of the bottle lately? After the United Nations announced earlier in the week that rich countries - code for America, of course - are going to have to pay billions of dollars to help poor nations deal with global warming, several international press outlets published articles of…
Countries Missing Kyoto Targets, Taxpayers to Foot the Bill
As climate alarmists around the world head to a tropical paradise on Bali next week to discuss how developed nations should pay to solve global warming, an inconvenient truth has emerged: many countries that are part of the Kyoto Protocol are going to dramatically overshoot their greenhouse gas (GHG) emissions limits. While it seems a metaphysical certitude that America's green media will…
Q3 Economic Growth is 4.9%, Yet Media Obsessed with Recession Talk
Economic growth for the third quarter, which was estimated at 3.9% a month ago, was revised upward to 4.9% by the government's Bureau of Economic Analysis (BEA). The BEA announcement is here. This of course explains why a Google News search I just did on "recession" has hundreds and hundreds of articles talking about a possible recession, including 481 in the first 20 listings (/sarc). Key…
What Time of Year Is It? (2007 Edition, Part
As the Christmas shopping season went into full swing in 2005, I sensed that journalists in general have a strong preference for using the term "holiday shopping" instead of "Christmas shopping" when covering business and commerce, but that when it came to people losing their jobs, they preferred to describe layoffs as relating to "Christmas." My instincts have been proven correct, as you can see…
