New Scientist: People Love to Pay Taxes? Absurd 'Study' Presented as F
If this isn't junk science, then nothing meets the requirement to be called such! A new, money wasting university "study" was written about by New Scientist Magazine (on their website newscientist.com) this month that was presented as a "surprising discovery" somehow "proving" that people secretly love to pay taxes. And people wonder why "science" can be so easily scoffed at these days... or why…
Late Retirement Puts CBS in Tizzy
What do you get when you add a liberal think tank study, another liberal “expert, and CBS “Evening News?” You get a doom-and-gloom story about baby boomers remaining in the work force as “an economic necessity” that ignores relevant information.“The 78 million baby boomers are starting to think about retirement, but for many of them, that’s all they’ll be able to do. Think about it. Two new…
IBD Takes Look at Media Bias, Incompetence
Our friends at Investor's Business Daily are taking a seven-part look at the media's incompetence in reporting market:Media bias has been detected in other studies, but this series raises an additional possibility – media incompetence in analyzing and explaining how the economy and financial markets work.Installments will cover how the media report on subjects like tax cuts, deficits, trade and…
Edwards Strategist Not Liberal Enough for Commenters at Time Blog
Time magazine's "Swampland" blog last week gave former Rep. Majority Leader Dick Armey (R-Tex.) a platform as guest blogger and left-wing readers quickly pounced with all the juvenile invective they could muster. One commenter to Armey's valedictory post wished that Armey would eat sh*t and die, albeit saying so with more flowery language: "May you engage in coprophagy, then shuffle off this…
Hot Air Calls Out WSJ's 23-Year Break from Reality on Illegal Immigrat
Longtime readers of The Wall Street Journal's editorial pages know three things:
The paper's editorials and opinion columns are usually among the best anywhere -- and not just on business and economics.
The Journal has for years had every reason to be proud of the fact, as the late Robert Bartley noted, that it is one of the few papers readers would buy for its opinion pages.
The Journal has…
Food Stamp Follies Mostly Continue, As Does Old Media's Gullible Cover
Give Food Stamp Challenge organizers in Michigan and New Haven, Connecticut some credit.
We'll probably never know whether they figured it out on their own, or perhaps read of other organizers' errors when they were pointed out by syndicated columnist Mona Charen and by yours truly (at NewsBusters here and here; at BizzyBlog here and here). But unlike their comrades in most other cities and…
AP Works Hard to Find the Negative in Yesterday's ISM Non-Manufacturin
The Associated Press, in an unbylined article, had this to say about yesterday's Institute for Supply Management Non-Manufacturing Report (see first bullet below regarding the bolded words):
U.S. Service Sector Expands
Tuesday June 5, 11:20 AM EDT
NEW YORK (AP) — The nation's service sector expanded at a faster-than-expected pace in May, suggesting it could help sustain broader economic growth…
Ford Sales Dive Continues, As Does Media Near-Blackout of AFA Boycott
Ford's protracted sales slump continued in May, while every other major automaker showed gains:
DETROIT — Toyota Motor Corp.'s U.S. vehicle sales jumped 14.1 percent in May to its best monthly level ever and General Motors Corp.'s sales rose 9.7 percent, helping boost industry sales 5 percent, as both automakers credited in part the appeal of their more fuel-efficient offerings amid high gas…
With S&P 500 at Record Level, USA Today Writer Focuses on the Index's
While the relatively narrow Dow Jones Industrial Average has been achieving alltime highs for a couple of months, it took until last week for the broader S&P 500 index to beat its previous record of 1527. The index closed at 1536.24 last week.
Instead of writing up the big winners in the 77% of companies that have brought the index back from its 2000 low, USA Today writer Matt Krantz looked…
NY Times' 'Manufacturing Recession' Reporter Cites Shaky Info On Illeg
On February 28 (second item at link), New York Times business reporter David Leonhardt infamously wrote the following:
For Manufacturing, a Recession Has Arrived
The nation’s manufacturing sector managed to slip into a recession with almost nobody seeming to notice. Well, until yesterday.
To this day, Leonhardt appears to be the only one to "notice" a recession in manufacturing -- because it…
