Post's Singletary: Anti-Debt Expert 'Elevates Consciousness' Like Gore
March 4th, 2007 7:00 PM
Plugging her monthly "Color of Money Book Club" entry today, Washington Post finance columnist Michelle Singletary made a gratuitious reference to Al Gore, comparing consumer debt to global warming:James D. Scurlock, author and director of "Maxed Out," hopes to do with the overselling of credit what former vice president Al Gore has done for global warming -- elevate people's consciousness about…
N.Y. Times Declares a 'Manufacturing Recession' -- But None Occurred I
March 1st, 2007 1:56 PM
According to the Times, the most recent four-month period, boxed in red below, represents a manufacturing recession; The Times has already declared it ("For Manufacturing, a Recession Has Arrived"; link may require registration):But the following periods boxed in orange from 1995-2000 did not:Any questions?
Is the Formerly Mainstream Media Rooting for a Bad Economy
March 1st, 2007 12:25 PM
Two reports from earlier this week, one that warned of a "likely recession," and another that flat-out declared a non-existent "manufacturing recession," have to make you wonder, especially considering a positive report from the real world that came out earlier today.
First -- On Monday, the Associated Press turned murky comments by Alan Greenspan into "Greenspan warns of likely U.S. recession…
Greenspan 'Talks Down the Economy'; Media Yawns
February 27th, 2007 10:45 AM
In November 2000, during the disputed presidential election won by George W. Bush (excuse the indulgence; I just enjoy typing those words, especially considering the alternative), Dick Cheney and others were (in hindsight, rightfully) pointing to negative indicators in the economy pointing to a possible recession. Furious supporters of what was to become the previous administration accused…
My, The News on This Was Quiet When It Happened
February 16th, 2007 8:22 AM
This came in my e-mail from CNN just after the markets closed on Wednesday:
Historic day on Wall Street. Dow industrial, transportation and utility averages all hit record highs for 1st time since 1998.
I've been pretty busy, but I think I would have caught coverage of this news somewhere else had it occurred. If it did, it was quite muted.
Mark Hulbert, in a column time-stamped early Friday…
MSM Ee-vil Corporation Watch: ABC Declares State Farm 'Not a Good Neig
February 15th, 2007 10:22 AM
File this one under "MSM condemns ee-vil corporations." As you'll note from the screencap, ABC's Good Morning America today branded State Farm Insurance "not a good neighbor." What is State Farm's sin? Its decision not to write new homeowners and commercial policies in the state of Mississippi.Did you note that? State Farm has decided not to write any new policies. This in no way affects…
