Archive for the ‘Business Articles’ Category

At AP, Senate’s Unanimous Rejection of Obama Budget Is Hidden in Fourth Paragraph of ‘Senate Democrats Reject House GOP Budget Plan’ Story

Thursday, May 17th, 2012

You would think that the following would be seend as pretty important and obviously considered to be news, as it’s more than likely an example of history being made in real time.

At the Washington Times, it is:

President Obama’s budget suffered a second embarrassing defeat Wednesday, when senators voted 99-0 to reject it.

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Obama Admin Injects Dear Leader Into White House Bios of 13 of 14 Most Recent Presidents; Press Ignores, or Yawns

Thursday, May 17th, 2012

DidYouKnowWithObamaPicWideA quick comparable: If George W. Bush had arranged to insert “Did You Know?” promos of his administration’s accomplishments and positions into other presidents’ biographies on the White House’s web site, does anyone think that the press would have ignored it? Not only would they have not ignored it, they and every left-leaning entertainer would (quite justifiably) have ridiculed and criticized him for historical tampering bordering on vandalism.

Well, Dear Leader has done exactly what I described sometime in the past four days to 13 of his past 14 predecessors, sparing only Gerald Ford (I guess that will have to wait until Obama can compare his administration-ending pardons to Ford’s pardon of Dick Nixon). After the jump, readers will find pictures of the conclusion of the bio of Franklin Delano Roosevelt from Google Cache as of May 12 and as of today, followed by a bit of commentary from Andrew Malcolm at Investor’s Business Daily:

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Positivity: Young, ‘universal’ turnout for Rome’s first-ever March for Life

Thursday, May 17th, 2012

From Rome:

May 13, 2012 / 06:19 pm

Nearly 7,000 pro-life advocates marched from Rome’s Colosseum to St. Peter’s Square on Sunday for the city’s inaugural March for Life.

“We’ve never seen anything like this in Rome, capital of Christianity, city of the Pope, city to which all Catholics in the world look,” march co-organizer Juan Miguel Montes said of the event.

American cardinal Raymond L. Burke led a group of priests in the march. He said it brought back memories for him of “so many marches” in America.

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Thursday Off-Topic (Moderated) Open Thread (051712)

Thursday, May 17th, 2012

Rules are here. Possible comment fodder may follow later. Other topics are also fair game.

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Unemployment Claims: 370K SA, Same Upwardly Revised Previous Week; 323K NSA is down 11% Year-Over-Year

Thursday, May 17th, 2012

From the Department of Labor:

SEASONALLY ADJUSTED DATA

In the week ending May 12, the advance figure for seasonally adjusted initial claims was 370,000, unchanged from the previous week’s revised figure of 370,000. The 4-week moving average was 375,000, a decrease of 4,750 from the previous week’s revised average of 379,750.

The advance seasonally adjusted insured unemployment rate was 2.6 percent for the week ending May 5, unchanged from the prior week’s revised rate.

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AP Reporter’s Flat-Out False Claim: ‘Home Construction’ (Really Down 25%-32%) ‘Is Near a Three-year High’

Thursday, May 17th, 2012

AdministrationsPress0412I just about knew it when I heard a top-of-hour radio report this morning. When the announcer intoned that there was a 3% increase in “home construction” in April, I said to myself: “There’s the Associated Press again, up to its old tricks.” That was indeed the case. When I went to the related AP reports, I found that they were, like the economic data coming out during the Obama administration, much worse than expected.

In this morning’s coverage of the still bottom-feeding situation in new home construction, the AP’s Christopher Rugaber indeed wrote that a 3% seasonally adjusted April increase in housing starts from an annualized 699,000 to 717,000 represented an improvement in “the rate of construction.” But he was just warming up. In an afternoon report which can only be characterized both in tone and in detail as an attempt to blow smoke up the public’s posterior, he falsely claimed that “Home construction is near a three-year high.” I would call that assertion “horse manure,” but that would be unfair to equine excrement.

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It’s All About Him at AP: ‘Lower Oil Prices Ease Load on Consumers and Obama’

Thursday, May 17th, 2012

Really, the only surprise is that consumers came before Obama in the headline — because Obama came before the economy in the underlying article.

A late-day dispatch from Jonathan Fahey and Paul Wiseman at the Associated Press even found someone to say that history will be on Obama’s side if gas prices fall to below $3.50 a gallon or so by Labor Day. Excerpts follow (bolds are mine):

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Press Doesn’t Notice $110 Billion April Rise in National Debt Despite $59 Billion Surplus

Wednesday, May 16th, 2012

Here’s a word which the Associated Press’s Martin Crutsinger only used once in his coverage last Thursday of Uncle Sam’s April 2012 Treasury Statement: “debt.” And when he did, he was quoted someone about Europe’s situation.

To his credit, the AP reporter wasn’t particularly impressed with the fact that the government was able to run a single-month surplus of $59 billion in April. To his detriment, he didn’t note that somehow, the national debt also went up by $110 billion:

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Spin Cycle: AP Writes More Positively About Retail Sales Data as Day Progresses

Wednesday, May 16th, 2012

On Tuesday morning at 8:30 ET, the Commerce Department reported that seasonally adjusted U.S. retail sales in April rose by 0.1%. In an 11:12 a.m. report via the Associated Press, aka the Administration’s Press, carried at the Detroit News (“U.S. consumers hold back retail sales, even as gas prices fall”), Martin Crutsinger was appropriately not impressed: “Lower gas prices in April weren’t enough to embolden U.S. consumers to spend much more elsewhere. The Commerce Department said retail sales rose only 0.1 percent last month.”

Look how things changed in a late afternoon AP report currently carried at its national site co-authored by Crutsinger and Christopher Rugaber, reworked in time to go into most newspapers’ print editions Wednesday morning:

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Positivity: A Catholic University Stands Up For the Sanctity of Life

Wednesday, May 16th, 2012

From Francisan University of Steubenville (HTs to Hot Air and Life News):

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