Bloomberg

A lot of journalists have written off the possibility the economy can avert a recession. However, it isn't conventional wisdom that the economy is heading for a recession outside of the journalism world. Jack Welch, author of "Winning," appeared on MSNBC's January 14 "Morning Joe" to discuss the economy, the presidential race and professional football. Welch told viewers he didn't anticipate…

This is worse than a case of calling a glass "half-empty" when it is "half-full." This is like taking the glass and pouring it out. Deirdre Bolton, an anchor for Bloomberg TV, appeared on CBS's January 9 "The Early Show" to report on a survey of economists Bloomberg conducted January 3-8 about whether or not a recession is in the immediate future of the U.S. economy. "[W]ell, as you said the…

Oh, how Old Media wants a recession. Too bad the economy isn't cooperating.The latest Institute for Supply Management (ISM) report on the Manufacturing Sector, covering about 15% of the non-government economy, was just released this morning, and led as follows:Economic activity in the manufacturing sector expanded in November for the 10th consecutive month, while the overall economy grew for the…

Covering Raul Castro's July 26 hour-long Revolution Day speech, the Washington Post characterized the fill-in dictator's latest speech as one that "hits capitalist notes while placating hard-line party loyalists." But in truth Castro's speech was the typical Communist agitprop fare: empty promises for more pay, a call for harder work from the people, and above all else, blaming the United States…