Wire Services/Media Companies

Yesterday (at NewsBusters; at BizzyBlog), I noted Fannie Mae's $72 billion loss announcement and the ward of the state's simultaneous $15.3 billion handout request. Late Friday was also the occasion for the release by the Treasury Department of the "2009 Financial Report of the United States Government." The report shows how seriously the government's financial situation deteriorated during the…

After the closing bell on Friday, just in time for everyone to stop paying close attention, mortgage behemoth and ward of the state Fannie Mae ("Fan") released its fourth-quarter and full-year financial results. Its press release (PDF) informs us that its $74.4 billion loss in 2009 (inclusive of dividends paid to the government) followed a $58.8 billion loss in 2008. For those keeping score at…

Earlier this afternoon, NB's Tim Graham noted how NPR's Robert Siegel and Pew Research pollster Andrew Kohut spoke approvingly of "Millennials" as being "less 'militaristic' and less religious" than their elders.At end of his post, Graham noted that Siegel and Kohut "somehow" forgot to discuss the key political finding in the poll, namely that the demographic's 32-point favoritism towards…

The adverb that begins with a "U" made yet another appearance yesterday in connection with an economic report. The related noun that begins with an "S" came along for the ride. The news concerned sales of new homes. They fell "Unexpectedly" to their lowest level since 1963, when the U.S population was about 40% lower. The decline was a "Surprise" to economists, who had predicted an increase. It…

At age 50, Bill Ayers called himself a "radical" and a "communist." As recently as 2001, Ayers had himself photographed for a magazine story trampling an American flag. But that's not good enough for the Associated Press. In an article today, AP describes Ayers as a "former radical."AP's de-radicalization of Ayers appeared in an article about a forthcoming biography of Barack Obama, entitled The…

If the goal of whoever leaked the contents of a presentation originally made internally at Toyota's Washington, DC offices and turned over to congressional investigators was to drum up an intense level of negative press coverage against the company, they can sit back and say, "Mission accomplished." It seems to have started Sunday with David Shepardson of the Detroit News, who reported that the…

UPDATES: (New NB posts) The Politico gets its own slightly different set of Toyota documents; The False Toyota ‘Brag’ and ‘Win’ Memes Turn Into a SwarmHow coincidental. A Detroit News item by David Shepardson supposedly indicating that Toyota is more concerned about saving money than driver safety surfaces less than 48 hours before congressional hearings are to begin. His story's basis is a…

Between its January 31 and February 20 reports on developments in the "interrogation memos" saga, the Associated Press may have learned a lesson in basic journalism from a NewsBusters commenter. I'll describe; readers can decide. The wire service's unbylined report three weeks ago opened with this paragraph: NB commenter "TE" took justifiable umbrage at that opening:

In his report ("Federal deficit at $430.69 billion through January") following yesterday's snow-delayed release of Uncle Sam's most recent Monthly Treasury Statement, the Associated Press's Martin Crutsinger informed readers that through the first four months of the fiscal year, "outlays total $1.12 trillion, down 3.9 percent from the spending through the same period in 2009." He further…

UPDATE, 6:15 P.M.: An unbylined 11:57 a.m. AP report (i.e., 54 minutes after the time stamp of the original post at BizzyBlog) contains two paragraphs about Delahunt's involvement. Based on a search on Delahunt's last name at about 6:15 p.m., this version of AP's report is either still not at its main site, or has not been indexed by its search engine.Democratic Congressman Bill Delahunt's far…

In late August 2009, Toyota announced that it would close its New United Motor Manufacturing Inc. (NUMMI) factory in Fremont, California at the end of March. The plant had been a joint venture of the company and General Motors until June, when GM withdrew. Almost six months later, in the wake of a series of Toyota product recalls, and roughly seven weeks before the plant's scheduled shutdown,…

Poor Seth Borenstein of the Associated Press. Since the AP science reporter wrote his December 12, 2009 defense of the alleged scientists who have promoted the alleged perils of human-caused global warming, the scandal known as ClimateGate has inexorably widened. It has deeply tarnished never-deserved reputations; revealed the entire premise to be based on fraudulent, corrupted, manipulated and…

Press reports about the prediction by President Obama's Council of Economic Advisers that the economy would add an average of 95,000 jobs per month during calendar 2010 weren't exactly overflowing with praise, but were lacking in something one would have expected: historical context. Philip Elliott's Associated Press report provided none. Sewell Chan's New York Times coverage at least pointed…

East Anglia University, which came under fire a few months ago for the now infamous ClimateGate email scandal, announced yesterday that it is launching an independent probe into the work of its Climate Research Unit (CRU).Wall Street Journal's Guy Chazan reports the story today  -- found on page A15 of the print edition -- noting that the independent review led by Sir Muir Russell will "…