Wire Services/Media Companies

It's always a bit of risk saying that a bunch of supposedly smart folks are wrong, but the economists Jeannine Aversa at the Associated Press consulted for a Tuesday afternoon report on the economic outlook must be taking a double dose of sunshine pills every day. If we are to believe these folks, the only thing that can stop the economy now is oil -- not the $112 a barrel accompanied by $4…

The New York Times announced its first quarter 2010 results on Thursday. As is the case with most companies when they would rather not talk about the bottom line, the Times instead concentrated on its "operating profit." A detailed look at the release reveals a group of contracting, money-losing journalistic endeavors propped up by an also-shrinking Internet enterprise. Here are the first…

Perhaps you hadn't noticed, but in late August 2010 Ben Bernanke took on complete responsibility for everything -- especially everything mediocre or bad -- that occurs in the economy. I know this because on August 27 and 28 (covered here and here), the Associated Press issued three reports essentially telling readers that it was up to Ben to save us. There wasn't anything Barack Obama, Tim…

The establishment press's lack of interest in associating President Obama with the sharp run-up in energy costs has been thoroughly documented by several folks at the Media Research Center, including but not limited to Julia Seymour when gasoline hit the $3 mark, and more recently Brent Bozell. Saturday, the Associated Press's Mark S. Smith took the gas-price propaganda to the next level. As…

The Associated Press's Derek Kravitz seems to have a difficult time quoting government statistics without rewording them. This is a far from harmless habit. Tuesday, Kravitz the Creative reported on the Census Bureau's information release on March homebuilding industry activity. His first two paragraphs and the story's headline (y'know, the parts that are more likely to be read over the…

As night follows day, the press is beginning to go after a business entity which had the nerve to do its job and call attention to Uncle Sam's dire fiscal situation. Standard and Poor's is presumably not 100% populated with angels, but it didn't deserve the gratuitous and ignorant shots fired at it this evening by the Associated Press's Bernard Condon and an "expert" he quoted. In attempting…

A photo taken at a Tea Party demonstration in Boston carried at Yahoo News carries the following caption (HT Powerline): VIDEO: April 15 was tax day in the United States, and Tea Party radicals used it to stage demonstrations across the country, including near the site of the original Boston Tea Party revolt of the colonial era. The photo was grabbed from an Agency France-Presse video with…

Yesterday afternoon, the Bloomberg financial news service picked up on a study by PricewaterhouseCoopers showing that U.S. companies pay the sixth highest effective corporate tax rates in the world. "The tax rate for the largest U.S. companies between 2006 and 2009 was 27.7 percent, compared with a non-U.S. average of 19.5 percent, according to the study," reporter Richard Rubin noted. "…

The undisguised bias of a dispatch tonight by Associated Press reporter Laurie Kellman, with help from Scott Bauer, about Wisconsin Governor Scott Walker's appearance before a Congressional committee may have as its source two items found at the Newspaper Guild's web site (seen after the jump). One is an announcement relating to a possible deterioration in the Guild's negotiations with AP,…

This is about as weak as it gets. This morning as seen here (saved here at my web host for future reference), an unbylined 90-word Associated Press report at 9:57 a.m. told readers the following, in part:

In a business that is supposed to treat record achievements, dubious or otherwise, as news, it's more than a little curious to note that the Associated Press's Martin Crutsinger, along with Reuters and AFP, all "somehow" forgot to tell readers that March's reported federal outlays, as seen in the Monthly Treasury Statement released today, came in at an all-time record of $339.047 billion, and…

I sure hope that the Associated Press's Jim Kuhnhenn has been working out, especially in his upper body. The volume of water he's having to carry for the Obama administration as a dutiful member of the state-compliant establishment press has to be getting very heavy. This evening, Kuhnhenn and his wire service are expecting the AP's readers -- and ultimately its subscribing media outlets'…

Reasonably astute readers will catch the falsehoods and fallacies inherent in the following statement made by President Obama last Wednesday at the town hall meeting held in Fairless Hills, Pennsylvania: But here’s the thing about oil. We have about 2, maybe 3 percent of the world’s proven oil reserves; [1] we use 25 percent of the world’s oil. [2] So think about it. Even if we doubled the…

Back in mid-2008, as gas prices approached $4 a gallon and the first inklings that a real recession would soon be under way were appearing, George W. Bush told a town hall audience questioner who wondered when gas prices might start coming down that it might be time for owners of gas-guzzling SUVs like the questioner to "think about a trade-in." He also laughed at the questioner's indication…