Washingtonian Misleads About Catholic Church 'Profiting' From Sales
February 6th, 2016 11:33 AM
Washingtonian magazine hyped how "the Catholic Church is selling Northeast DC to developers" in a story in its February 2016 issue. Jeffrey Anderson played up how "Church organizations have been profiting by developing or selling their properties" in the area near the Catholic University of America over the past several years. However, Anderson failed to give any background…
AP Minimizes Seriousness of Recent Declines in Pending Home Sales
October 30th, 2015 11:22 PM
Here's what should be an easy question: With data which has already been seasonally adjusted, what's more important — a) the fact that an index is a) up by 3 percent in the past year or b) the fact that it has fallen 5 percent in the past four months?
The correct answer is obviously b) — unless you're a writer for the Associated Press whose mission is to convince readers…
Nets Punt on Regulations Set to Force Diversity in Neighborhoods
July 8th, 2015 9:43 PM
On Wednesday night, the “big three” of ABC, CBS, and NBC refused to cover the Obama administration’s official unveiling of new regulations that aim to force neighborhoods to diversification or risk losing annual federal funding from the Department of Housing and Urban Development (HUD). As they often do when the networks fail to cover a story, the Fox News Channel (FNC)…
ABC, NBC Ignore Grim Housing Report; Focus Instead on Selfie with Quee
July 24th, 2014 10:40 PM
Both ABC World News with Diane Sawyer and NBC Nightly News failed to mention a new, troubling report from the Census Bureau on Thursday night that sales of new homes decreased by 8.1% in June and that May’s originally reported double-digit increase was revised lower, from almost 19% to only 8%.
The CBS Evening News did cover this story, but it only was in the form of a 12-second…
Networks Ignore Report Claiming Clintons Trying To Avoid Paying Estate
June 18th, 2014 9:29 AM
On Wednesday, June 17 Bloomberg reported that Bill and Hillary Clinton are taking advantage of financial planning strategies to avoid paying a hefty estate tax, even though the Clintons are prominent supports of the tax.
Despite the report, ABC, CBS, and NBC have all ignored the story on both their morning and evening newscasts. According to Bloomberg: “The Clintons are using…
Things Must Really Be Bad: AP's Pending Homes Sales Writeup Says That
April 28th, 2014 8:49 PM
At the Associated Press today, economics writer Christopher Rugaber was a bit subdued, even when presented with nominally favorable news. He wrote that the March rise in the National Association of Realtors' pending home sales index of 3.4 percent, the first gain in nine months, was "a sign that the housing market might pick up after a sluggish start to the year."
New Home Sales Dive in March, Miss Expectations by Miles; Result Is 'U
April 23rd, 2014 3:44 PM
March was going to be the month when new home sales in the U.S. would finally break out after several months of horrible weather. After all, everyone knew that this winter's snow, ice, and low temperatures were the only things holding the new home market back. Consensus predictions ahead of today's related report from the Census Bureau were in the range of 450,000 to 455,000 annualized…
Virtually Unreported: Mortgage Loan Market’s 2013-2014 Collapse
April 11th, 2014 5:48 PM
Associated Press stories today on the quarterly earnings releases of Wells Fargo (unbylined) and JPMorgan Chase (by Steve Rothwell) essentially mocked the nearly continuous monthly stream of reports the wire service's economics writers, particularly Martin Crutsinger and Chris Rugaber, have generated about the "housing recovery" during at least the past year.
The Wells Fargo…
New London, Conn. Columnist: 'Not a Single Thing' Done in Almost 9 Yea
February 11th, 2014 11:53 PM
Veteran journalist David Collins is a columnist at the New London Day in Connecticut.
In a column supposedly published on Sunday but "updated" on Saturday (I'm not kidding), Collins assessed the aftermath of the Supreme Court's odious Kelo v. New London decision in 2005 in reacting to a lengthy story by Charlotte Allen in the February 10 issue of the Weekly Standard. In the…
Oregonian Fails to Fully Expose Radical Black Group That Chased Away T
February 9th, 2014 12:48 PM
This past Monday, Andrew Theen at the Oregonian reported that "Trader Joe's is backing away from a development in Northeast Portland," citing, in the company's words, "negative reactions from the community."
Actually, the vast majority of "the community" wanted the grocery chain to build in the once bustling but now troubled area. Theen quoted Portland…
AP's Crutsinger Engages in Wishful Thinking in Covering Unimpressive A
September 25th, 2013 11:52 PM
The Census Bureau reported today that sales of new single-family homes in the U.S. reached an annualized level of 421,000 in August. That was up by almost 8 percent from July, but a whopping 15 percent below the 497,000 the bureau originally reported for June (two subsequent revisions have taken that number down to 454,000). Given the shock decline to below 400,000 in July, August's…
33 Shocking Facts About Obama's Economy Media Shamefully Ignore
August 25th, 2013 11:14 AM
Potentially the most dishonest aspect of the Obama-loving media's reporting since January 20, 2009, pertains to how they've almost totally ignored how poorly the economy is performing.
On Tuesday, Michael T. Snyder, author of the gloom and doom book "The Beginning of the End," wrote a fabulous piece titled "33 Shocking Facts Which Show How Badly The Economy Has Tanked…
Holder's Book-Cooking of Mortgage Fraud Enforcement Stats Not News Out
August 12th, 2013 11:04 PM
On Friday, Eric Holder's Department of Justice gave the memory-hole treatment to wildly inflated statistics released last October about the number of cases and the amount of money involved in DOJ's mortgage fraud enforcement efforts.
Bloomberg News reporters who had discovered that the original numbers were suspect had been getting stonewalled for months in their efforts to get…
AP's Crutsinger Writes Up Artificially Influenced 2.1% Increase in New
June 26th, 2013 1:55 PM
Continuing the business press's slavish devotion to seasonally adjusted figures in government reports to the exclusion of looking at what actually happened, Martin Crutsinger at the Associated Press, aka the Administration's Press, began his Tuesday dispatch on May's new-home sales report from the Census Bureau as follows: "Sales of new homes rose in May to the fastest pace in…