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…
AP Spins Record Low Unemployment as Problem That Could Get Worse
Most Americans understand that unemployment declining is a good thing. Yet, the folks at the Associated Press seem confused about this economic statistic as evidenced by an article published Saturday entitled "Help Wanted Ads Go Unanswered in West." In fact, contrary to a media fixated on bashing corporations and business owners as greedy little devils, Matt Gouras' piece actually elicited…
WSJ Op-Ed's Look at Old Media Business Bias: Very Good Points, But Inc
At OpinionJournal.com on Thursday ("Fair but Unbalanced -- How the media promote false pessimism about the economy"), Brian Wesbury, who has written several times on the disconnect between the strong economy and the public's perception of it (previous references here, here, here, here, and here), had another generally stellar column about what is nonetheless a relatively small piece of the…
