Calif. Creates State-Run ‘Opt-Out’ Private Sector Retirement Savin
September 29th, 2012 9:43 AM
From the "I thought Social Security was supposed to have solved this decades ago" Dept.: The State of California has just passed a law mandating opt-out pension plan contributions of 3% of earnings for six million workers in the private sector, or roughly half of its private sector workforce.
The targeted population is the cadre of those working at employers of five or more who do not offer a…
USA Today Email Understates Durable Goods Disaster; Linked AP Report M
September 27th, 2012 2:20 PM
Apart from bias, which is obviously the bigger problem, the establishment press's tendency towards unforced errors in business news reporting has grown over the past several years.
So when I received the following email from USA Today this morning (available here without subject line), I thought it surely must be mistaken. Well, the item I thought was a mistake wasn't one, while the one I…
‘Record’ Volt Sales? Not Really -- GM Counts $159 Leases for an
September 26th, 2012 8:46 AM
The Jurassic Press have long had a field day puffing up bailed out General Motors (GM) and their electric automotive windmill - the Chevrolet Volt.
When it came to August Volt sales numbers, the Media were Justin Bieber-excited.
Romney Refers to Benghazi as a Terrorist Attack; AP Treats as News, Ac
September 25th, 2012 6:03 PM
There is clearly no embarrassment threshold at the Associated Press, aka the Administration's Press.
In a dispatch today, an unbylined AP report headlined "Romney: Benghazi a 'Terrorist Attack'" seems to act as if this is some kind of revelation to the GOP nominee even though everyone except Obama administration insiders desperately trying to bring life to the corpse formerly known as the…
Desperately Spinning Romney: Reuters Says 'Gaffe-Plagued' Romney Campa
September 18th, 2012 5:47 PM
Let's see. The supposed consensus at Real Clear Politics shows Mitt Romney trailing Barack Obama by less than three points. As shown yesterday, one of the most recent five polls used in RCP's calculations from CBS and the New York Times is so cooked that it weighted registered Democrats over registered Republicans by 35%-22% -- so you can easily knock more than a point from Obama's lead for…
AP Seems Stunned That Yesterday's Auction of 'Ultra-safe' Treasuries D
September 13th, 2012 12:20 PM
Whoever wrote the Associated Press's brief dispatch yesterday on the results of the government's auction of 10-year Treasury notes seemed to be stunned and on the defensive about its result.
The item, entitled "Weak Demand at Auction of 10-Year U.S. Treasury Debt," began as follows: "U.S. Treasury prices dived Wednesday after an auction of 10-year notes drew very weak demand, signaling a lack…
NY Times Puts Coverage of Cairo, Benghazi Attacks on Page A
September 12th, 2012 9:43 AM
In this case, instead of "all the news that's fit to print," it's all the news that's fit to downplay.
While relegating news of the attacks on the U.S. embassy in Cairo and the American Consulate in Behghazi, Libya to Page A4, today's New York Times placed the following stories on the front page of its New York and National editions (HT Daniel Drezner via Instapundit):
Daily Caller: Axelrod 'Attempting to Subtly Intimidate' Gallup
September 7th, 2012 7:49 AM
The Daily Caller published two troubling stories by Matthew Boyle yesterday. The first, referring to email evidence, contends that senior Obama reelection campaign adviser David Axelrod has attempted "to subtly intimidate the respected polling firm when its numbers were unfavorable to the president," and that in August, "After Gallup declined to change its polling methodology, Obama’s…
PolitiFact 'Beclowns Itself' in 'Half-True' Evaluation of Walker's Fac
September 4th, 2012 2:39 PM
I really can't do much with this one beyond relaying the absurd particulars involved in PolitiFact's incredible conclusion that Wisconsin Governor Scott Walker made a statement which was only "Half True" about unemployment in the various states in his speech last week at the Republican National Convention.
On August 17, the government's Bureau of Labor Statistics opened its monthly Regional…
To the 'Fact-Checkers': This Is What Lies About Auto Plant Closings Lo
August 31st, 2012 6:39 PM
This afternoon, NB's Kyle Drennen did a great job of runnng down the pathetic contention by establishment press "fact-checkers" that vice-presidential candidate Paul Ryan somehow lied or misled viewers during his speech Wednesday night concerning the closure of the General Motors plant in Janesville, Wisconsin and what presidential candidate Barack Obama said at the plant in 2008.
No, WaPo, …
AP's Wagner Sees 'Slow Improvement in the Job Market' in 'Unchanged' I
August 30th, 2012 12:31 PM
First, the bad news from a media coverage standpoint. All three major wire services covering today's report from the Department of Labor on initial unemployment claims characterized the seasonally adjusted result of 374,000 as "unchanged" from last week, but failed to note the 98%-plus probability based on the last 75 weeks of history (only one exception during that time) that the number will…
House Committee Finds ICE Exaggerating Deportation Numbers; Will Press
August 27th, 2012 9:53 AM
An Associated Press report by Helen O'Neill time-stamped Saturday afternoon claims that "a record number of deportations means record numbers of American children being left without a parent — despite President Barack Obama's promise that his administration would focus on removing only criminals."
Perhaps the assertion about more parents being forced to leave their kids behind is true. But…
Ridiculous Reuters: Romney 'Appeared to Parrot' Obama's 'Private Secto
August 26th, 2012 11:26 AM
Sam Youngman at Reuters, and several others have attempted to pounce on a comment about "big business" GOP presidential candidate Mitt Romney made at a Minnesota fundraiser on Thursday as some kind of equivalent to President Obama's out-of-touch assertion that "the private sector is doing fine" back in June.
In fact, what Romney actually said in large part explains why the private sector isn'…
Question No One (Except Politico) Is Asking: 'Who Paid the
August 25th, 2012 8:41 AM
In an apparent attempt to set the record for the most words expended on a multi-part non-story, Politico's Jake Sherman and John Bresnahan have supplemented their useless, 1,400-word August 19 item (noted at NewsBusters; at BizzyBlog) about how a one Republican congressman swam naked in Israel's Sea of Galilee with a 1,000-worder which asks a question no one cares about, and no one else is…