This pessimism continued right through Christmas day,
even when the news began to come out that sales through December 24
were quite respectable. As
Reuters reported on December 26: U.S.…
Latest Blogs
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January 3, 2006
Two million jobs were added in 2005; Novembers initial job growth
was revised upwards by more than 40 percent of the original
estimate; and unemployment dropped below 5 percent, according to…
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January 3, 2006
Shes no Miss Cleo, but CBSs Sharyn Alfonsi polished off her
crystal ball to issue a cloudy economic picture for 2006 on the New
Years Day edition of the "CBS Evening News". A broad consensus of…
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December 29, 2005
The term consumer group conjures up the image of some George
Bailey-esque fighting for the little guy. At The Washington Post,
that has become the code for a left-wing, anti-industry group. The…
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December 28, 2005
ABC reporter Dean Reynolds promised A Closer Look at the woes of
domestic auto parts maker Delphi, but instead zoomed in on a story
portraying union workers as victims and corporate executives as…
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December 27, 2005
The front page of the December 27 Investors Business Daily (IBD)
joined other print outlets in blowing hot air on the so-called
housing bubble with Home
Sales Plunge as Prices Pull Back and…
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December 27, 2005
In the biggest, boldest weight loss challenge ever, ABC
underestimated by 143 million the number of cheeseburgers in weight
it wants America to lose.
Good Morning America and aol.com are…
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December 23, 2005
Christmas is a time of giving and TV news reporters certainly took
that opportunity to give it to Wal-Mart. Following a jury ruling
that went against the worlds largest retailer, journalists put the…
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December 22, 2005
In
newspapers, placement is everything. Put a story on the front page
above the fold, and everyone can see it as they walk by the
newsstand. But hide it deep in the nether-sections, and only Grandpa…
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December 21, 2005
The Christmas shopping season culminated a strong year for the U.S.
economy. But instead of ringing out the old year and toasting the
economys success, 43 percent of Americans think were in a…
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December 21, 2005
Ever
since Hurricane Katrina made landfall in late August sending oil
prices to $70 per barrel and gasoline above $3 a gallon, the media
have been in a panic over a return of 70s-style inflation. Such…
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December 21, 2005
Ringing
alarm bells about record greenhouse gas emissions, New York Times
reporter Andrew Revkin opened his December 21
article noting the U.S. Energy Department reports U.S. emissions…
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December 20, 2005
Opening their newscasts with the New York City transit strike, the
December 20 morning news programs focused on the inconvenience to
commuters and the expected cost to the city, but only CNN, CBS, and…
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December 19, 2005
Regardless of whether a strike is called or a settlement is
reached, warned Chan and Greenhouse, the labor struggle over the
transit contract has highlighted one fact: Many workers feel they
lack dignity…
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December 15, 2005
Lou Dobbs wants answers. In his December 14 broadcast of CNNs Lou
Dobbs Tonight, the business anchor gathered torches and pitchforks
in response to the news of an overall trade deficit [that] hit…
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December 15, 2005
Lower energy prices have spurred a significant drop in consumer
prices according to a December 15 report from a federal agency that
tracks economic data. On a seasonally adjusted basis, the CPI-U…
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December 14, 2005
The Media’s Top 10 Economic Myths of 2005
See Executive Summary
“So people at home right now are saying, ‘Economic slowdown? How slow is it going to go?’ Are we headed for another recession?”– Anchor John Roberts, “CBS Evening…
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December 14, 2005
See Full Report
It was difficult to wade through the economic news of 2005. Gloom and doom overwhelmed any rational examination of the U.S. economy. Journalists were so obsessed with their negative outlooks that they set aside reason and…
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