October 30, 2015

AP’s Boak Minimizes Significance of Recent Declines in Pending Home Sales

Filed under: Economy,MSM Biz/Other Bias,MSM Biz/Other Ignorance — Tom @ 11:11 pm

Here’s what should be an easy question: With data which has already been seasonally adjusted, what’s more important — a) the fact that an index is a) up by 3 percent in the past year or b) the fact that it has fallen 5 percent in the past four months?

The correct answer is obviously b) — unless you’re a writer for the Associated Press whose mission is to convince readers that the housing market, despite clear evidence to the contrary, is just fine. Therefore, the AP’s Josh Boak chose a):

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Moderators at CNBC, Which ‘Graded’ GOP Debaters Speech Patterns, Scored At or Below Every GOP Candidates

People in glass houses shouldn’t throw stones. And people who ridicule the level of others’ speech patterns should check theirs first.

CNBC didn’t do that. Instead, on Thursday, as I noted in a previous NewsBusters post, it childishly rushed out a grade-level evaluation of the Republican presidential candidates’ speech patterns during the first three debates, including the Wednesday train wreck it rudely hosted, and created a graphic with the title, “Are you smarter than a GOP candidate?” Payback is sweet (bolds are mine):

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Personal Spending Barely Grows; Related Reuters Coverage Has Key Errors and Omissions

The government’s Personal Income and Outlays report for September bore more evidence of a slowing economy. Consumer spending rose by only 0.1 percent, trailing expectations of 0.2 percent. That’s troubling news, given that the optimists believe that strong consumer spending will supposedly drive stronger fourth-quarter economic growth.

Lucia Mutikani’s coverage at Reuters made a common error in explaining the importance of consumer spending, made a significant technical error in describing the report’s contents, and ignored a very disturbing item present in the government report’s detail (related items are tagged [1], [2] and [3], respectively, in the excerpt following the jump; bolds are mine):

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Friday Off-Topic (Moderated) Open Thread (103015)

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: Greta Perske shares tears of wedding joy with marrow donor

Filed under: Positivity — Tom @ 6:00 am

From Sartell, Minnesota:

6:52 a.m. CDT October 21, 2015

Everybody cries at weddings — brides, grooms, parents, friends, sometimes virtual strangers. Really, it’s almost mandatory.

“Oh, exactly,” Greta Perske said. “A very happy cry.”

In that sense, everything went pretty much according to form Oct. 10 when Greta married Tony Hokanson at Celebration Lutheran Church in Sartell.

But some of the tears that flowed freely into that evening were for an entirely different reason.

“The wedding was filled with tears of joy. To me, it was nothing short of a miracle,” said Joe Perske, father of the bride. “It was a day we didn’t know if it would happen.”

“It was just amazing,” added Jan Perske, the bride’s mom. “The emotions can just take over.”

These also were tears of gratitude — especially during the reception, when the bride danced with a 51-year-old man whom she had met exactly once before.

This was the man who made the wedding possible, the man whose generosity saved Greta’s life.

“It was special for me, too,” said Danny Daniels, an Arkansas resident whose bone marrow donation in 2007 was pivotal for a Minnesota high school girl with leukemia. “I’m just very humbled that it worked out as well as it did for her.”

“I can’t even describe what that feeling is,” Greta said. “There’s the man who saved my life, standing right in front of me.

“He didn’t have to do what he did, but he did.”

He did. …

Go here for the rest of the story.