NBC Uses Housing Slump as Scapegoat
If all else fails – blame the housing market. It works for NBC.This time a struggling housing market is the reason auto sales are struggling. The week before, it was responsible for the drop in the Dow Jones Industrial Average. Good thing “Nightly News” is focusing on global warming solutions or the network might even try to pin that on the housing market.“Even Toyota sales fell and blamed a…
Interstate Bridge Collapses, When Will Media Blame Bush Administration
A bridge in Minnesota tragically collapsed Wednesday killing an unknown number of innocent people. As reported by the Associated Press: The eight-lane Interstate 35W bridge, a major Minneapolis artery, was in the midst of repairs when the bridge buckled during the evening rush hour Wednesday. Dozens of cars plummeted more than 60 feet into the Mississippi River, some falling on top one of…
Translating the AP's Coverage of Today's Consumer Confidence Report
Here's the opening of today's Associated Press report about the July Consumer Confidence Index (bolds are mine): Consumer confidence hit a six-year high in July, a widely watched gauge of sentiment showed on Tuesday, as Americans shrugged off falling home prices to focus on a healthy jobs market, instead. The New York-based Conference Board said that its Consumer Confidence Index, rebounded to…
GDP Growth Downplayed, Real Income Growth Ignored by the Nets' Evening
Expanding on Media Research Center's July 30 CyberAlert and a similar post at NewsBusters (bold is mine): Nets Barely Notice Surge in GDP as They Focus on Dow Plunge The ABC, CBS and NBC evening newscasts on Friday all devoted full stories to the fall in the stock market, touted as "the worst two-day point drop for the Dow in five years," but barely had time for a sentence about the 3.4 percent…
Gloom & Doomers: Despite Good Numbers, Times & Globe Talk Down Economy
Last week's economic report couldn't have been much rosier. The economy grew at a faster-than-expected rate, faster than any time in over a year. But far from sparking runaway prices, inflation actually moderated. But that didn't stop the Axis of Gloom, AKA the New York Times and its Beantown subsidiary the Boston Globe from publishing op-ed items this morning finding the cloud on the silver…
Nets Barely Notice Surge in GDP Growth as They Focus on Dow Plunge
The ABC, CBS and NBC evening newscasts on Friday all devoted full stories to the fall in the stock market, touted as “the worst two-day point drop for the Dow in five years,” but barely had time for a sentence about the 3.4 percent second quarter jump in the GDP, the biggest in over a year. In fact, neither ABC nor NBC cited the specific 3.4 percent rise in the Gross Domestic Product, the measure…
WashPost Gets Raul All Wrong with Lil' Bro Castro Sounding 'Capitalist
Covering Raul Castro's July 26 hour-long Revolution Day speech, the Washington Post characterized the fill-in dictator's latest speech as one that "hits capitalist notes while placating hard-line party loyalists." But in truth Castro's speech was the typical Communist agitprop fare: empty promises for more pay, a call for harder work from the people, and above all else, blaming the United States…
Old Media Again Claim Declining New-Home Prices by Ignoring Changes in
Yesterday, Brent Baker at NewsBusters caught the Old Media emphasis on the decline in existing-home unit sales, even though the median existing-home price went up. CBS and Katie Couric apparently invoked the Great Depression in their existing-home sales commentary (I think any number of those 90 and older could say: "I knew the Depression, and Katie, this is no Depression."). Today we have the…
