Economy

Job Numbers Bring Out Worst-Case Scenario Reporting

Recession predictions accompany lobbying for Federal Reserve rate cut, even though job data is a lagging indicator.

RealtyTrac Says Media Misrepresent Data

Company responds to criticism of foreclosure data and defends analysis.

"Strong Incentives to Comply" in Cuba Fridge Swap

What sort of "strong incentives" apply in a Communist dictatorship? Reporter Simon Romero doesn't ask, but does talk about the "free" health care and education in Cuba.

CBS News Does an About-Face on Home Prices

Lower housing prices bad for the economy; 14 months earlier higher housing prices were also bad for the economy.

CNN on Sub-Prime Mortgage Problems: Where is Personal Responsibility?

'Your $$$$$' has a new name, but keeps up the anti-business theme.

Experts Say Media Are Using Inflated Foreclosure Data

RealtyTrac, an organization that tracks foreclosures and is cited by many journalists, may still not be counting the number of foreclosures accurately.

Credit-Crunched CBS Journalist Reports on Families in Same Situation

Cynthia Bowers, who has reported on housing for a decade, had a run-in with her own adjustable-rate mortgage.

ABC: Stock Market 'Crashing,' 'Legalized Gambling' Ruins Family's Mortgage

Chris Cuomo says 'hard-working' Americans may never 'live the American dream.'

ABC Hypes 'Market Meltdown' with Misleading Data

'Good Morning America' blames housing woes for stock correction, cites 'record' foreclosures.

Housing: NBC Goes Negative, While ABC Offers Balance

"Nightly News" continues trend of blaming housing woes for just about everything, while "World News" finds a business opportunity.
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