October 28, 2015

AP’s Crutsinger: 3rd Quarter Economy Was ‘Subpar,’ But Future ‘Outlook Brightens’

Preparing the battlespace for tomorrow’s report from the government on third-quarter Gross Domestic Product growth, the Associated Press’s Martin Crutsinger early this afternoon told readers that we’re likely to see “a subpar pace by any standard.”

But we shouldn’t worry, because the AP reporter contends that tomorrow’s news will just be a temporary trough in this year’s “dizzying roller coaster ride,” and that the fourth quarter will once again bring the economy up to acceptable heights. To make his claim, Crutsinger naturally ignored myriad warning signs that a serious slowdown may be on the horizon. A decade ago, he was hyping other far less serious factors as evidence that the economy would be lucky to avoid a recession.


Wednesday Off-Topic (Moderated) Open Thread (102815)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.

Positivity: Synod finds strong support for Church teaching in communion debate

Filed under: Positivity — Tom @ 6:00 am

From Vatican City:

Oct 21, 2015 / 10:17 am

Despite pastoral challenges posed by divorced-and-civilly-remarried Catholics, many synod fathers are in favor of current Church teaching and practice according to a new round of small group reports.

“The majority without full consensus affirmed the current teaching and practice of the Church regarding the participation in the Eucharist of those who are divorced and civilly remarried,” reads a new report from group “A” of the four English-speaking synod circles.

“We acknowledged that this pathway may be difficult, and pastors should accompany them with understanding, always ready to extend God’s mercy to them anew when they stand in need of it.”

The vast majority of the group’s members affirmed the current pastoral practice regarding the reception of communion by divorced-and-civilly-remarried individuals.

Members also stressed that the decision as to whether or not persons in such circumstances should be allowed access to the sacrament “ought not to be left to individual episcopal conferences,” as has been suggested by some.

“To do so would risk harm to the unity of the Catholic Church, the understanding of her sacramental order, and the visible witness of the life of the faithful.” …

Go here for the rest of the story.

Without Evidence, AP’s Rugaber Credits ‘Solid Sales’ For Home Price Index Increase

To err is human, but some errors are more obvious than others.

One pretty obvious error occurred Tuesday at the Associated Press. It involved veteran economics reporter Christopher Rugaber, who somehow assumed that the August increase in home prices recorded in a well-known index published on Tuesday primarily occurred because of “solid sales.” The problem is that seasonally adjusted existing home sales declined sharply in August.