'Titanic' Bias? NYT Implies U.S. Economy Sinking Into Recession
As the 2008 election approaches, the New York Times uses the image of a sinking red "RECE$$ION" to communicate a fear that is so far only a phantom menace. Peter Goodman's Sunday Week in Review cover story, "Trying to Guess What Happens Next," displayed plenty of pessimism about the U.S. economy after years of foreign-financed easy money. But the accompanying graphic communicated even more…
Grinchy AP Headline: ‘Despite Economy, Malls and Stores Jammed
*****Critical update at end of post: Yahoo switched articles inside the link about to be discussed!Was there a directive at the Associated Press on Friday for business writers to do their darnedest to bash the economy? After publishing a truly disgraceful column Saturday practically predicting a depression as a result of the current credit crunch, the AP offered readers an article about the…
Disgraceful Gloom at AP: Mortgage Crisis Could Lead to Depression
*****Update at end of post includes detailed response to unhappy e-mail messages concerning this subject.As someone that has done a lot of economic writing and financial media analysis, I'm used to gloom and doom from journalists. However, Saturday's Associated Press article concerning the credit crunch and how it's impacting the mortgage market could be the worst example of economic and…
CBS's Mark Knoller Compares Movie Theaters to Big Oil
In an Andy Rooneyesque rant about how his latest movie-going experience "left much to be desired," CBS White House correspondent Mark Knoller hinted he wouldn't mind seeing liberal consumers groups tackle hefty snack prices at the nation's movie theaters. He even suggested the short titles for two bills Congress could draft on that front. From Knoller's November 12 Couric & Co. blog post (…
Walking Through August's Real Earnings Report for Old Media Outlets Th
I have to figure, after looking at the results of this Google News search on "real earnings" (in quotes), that Old Media business reporters found what came out in the Bureau of Labor Statistics' Real Earnings Report too difficult to understand. The search shows that only the Providence Journal among Old Media outlets mentioned the report, which was released Wednesday. So in the interest of…
Global Warming Obsessed Media Unfazed by Soaring Wheat Prices
As NewsBusters reported Wednesday, wheat prices soared last week to their highest levels in history. As many consumer products are made from this grain, and media love to carp and whine about inflation, one would have expected great focus to be given to this issue. However, as some of the upward pressure on wheat prices is directly attributable to biofuels, a global warming obsessed media…
