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Mike Huss
Senior Member
Username: Mikhu

Post Number: 1349
Registered: 03-2003
Posted on Tuesday, November 07, 2006 - 11:40 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Nah, they aren't biased. They aren't trying to influence anyone to adhere to their agenda. Nah, not them.


"The labor market for American workers is continuing to improve, the latest government statistics showed yesterday, with job growth advancing in recent months and the unemployment rate falling last month to the lowest level since May 2001. In a report that eased concerns that economic growth might be faltering, the Labor Department reported yesterday that the jobless rate, seasonally adjusted, dropped in October to 4.4 percent, from 4.6 percent in September."--news story, New York Times, Nov. 4

"The latest information about the economy leaves no question that it has slowed down by just about every measure--housing and manufacturing, retail sales and job growth, and others. Even the recent increase in compensation is generally believed to be a sign of coming layoffs, not a harbinger of wage inflation. When business dries up at firms and factories, employers don't cut back immediately. So for a time, pay and benefits hang in there. As for the recent improvement in the unemployment rate, sorry to say, it's an aberration. The job market won't turn up in any meaningful way when the overall direction of the economy is down."--editorial, New York Times, Nov. 4
 

Bob Wall
Intermediate Member
Username: Brewdudebob

Post Number: 456
Registered: 11-2004
Posted on Wednesday, November 08, 2006 - 01:02 am:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Bias in the name of liberalism is known as journalism.
Give a man a beer and he'll waste an hour. Teach a man to brew and he'll waste a lifetime.
 

No MoreYears
New Member
Username: Nomoreyears

Post Number: 22
Registered: 01-2006
Posted on Wednesday, November 08, 2006 - 06:08 am:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

I think there must be a conspiracy, since it isn't just the NY Times. Per Bloomberg:

Inflation figures have eased a bit, as some Fed speakers acknowledged last week. On the other hand, unit labor costs have taken off in the non-farm portion of the economy as productivity growth has largely disappeared. Somehow, though, business profits have continued to grow apace.

Like many other economists, Joseph LaVorgna of Deutsche Bank was surprised by the strength of the October labor report.

``However, in terms of the macroeconomic outlook the latest figures do not persuade us to change our call,'' he said in a report to clients. ``We continue to look for current quarter real GDP growth around 1 percent and for growth to rebound only modestly to 2 percent next quarter.''

With growth that slow, LaVorgna said, ``It is just a question of when the unemployment rate will rise.''



Perhaps Speaker Pelosi will need to look into this liberal media conspiracy.
 

Dan Listermann
Senior Member
Username: Listermann

Post Number: 3631
Registered: 03-2004
Posted on Wednesday, November 08, 2006 - 02:04 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Mike, that second paragraph was from an editorial. Editorials are allowed to be biased, that is their purpose. Articles are supposed to be balanced, that is their purpose. Who wants to read a balanced editorial?

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Mike Huss
Senior Member
Username: Mikhu

Post Number: 1351
Registered: 03-2003
Posted on Wednesday, November 08, 2006 - 02:27 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Dan, even when the editorial states the exact opposite of a story in the same paper from the same day? Am I the only one to which this doesn't make sense? Yes, editorials are supposed to be opinionated, I get that. But why write an editorial that contradicts a news story in the same paper? It makes no sense.
 

Dan Listermann
Senior Member
Username: Listermann

Post Number: 3633
Registered: 03-2004
Posted on Wednesday, November 08, 2006 - 02:52 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

It is the man's opinion. That is his right. Obviously articles are open to interpretation and his says that the employment numbers were an aberration. He addressed the article. He may well be right, we will see over time.

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Mike Huss
Senior Member
Username: Mikhu

Post Number: 1352
Registered: 03-2003
Posted on Wednesday, November 08, 2006 - 03:17 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

NYT editorial: "As for the recent improvement in the unemployment rate, sorry to say, it's an aberration."

How is it an aberration when it's part of a trend? Whoever wrote this is an idiot who's obviously just making stuff up to further his/her agenda. When I look at this list I don't see 4.4 as an aberration, I see it as a number that follows the trend of the last year.

2005
Nov - 5.0
Dec - 4.9

2006
Jan - 4.7
Feb - 4.8
Mar - 4.7
Apr - 4.7
May - 4.6
June - 4.6
July - 4.8
Aug - 4.7
Sep - 4.6
Oct - 4.4

As you said in a previous thread Dan, "Facts are hard things". It's pretty hard to play down the economy when unemployment rates continues to trend down, but I give the NYT credit, they are trying hard!

I suppose next they'll say Rove is manipulating the unemployment numbers too?
 

Bob Wall
Intermediate Member
Username: Brewdudebob

Post Number: 460
Registered: 11-2004
Posted on Wednesday, November 08, 2006 - 04:30 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Mike,

Now that the pendulum has shifted to the dark side, perhaps that editorial will come true once the Democrats control congress? Maybe it was actually a wish-list?

(editeed fer splling)

(Message edited by BrewDudeBob on November 08, 2006)
Give a man a beer and he'll waste an hour. Teach a man to brew and he'll waste a lifetime.
 

Dan Listermann
Senior Member
Username: Listermann

Post Number: 3634
Registered: 03-2004
Posted on Wednesday, November 08, 2006 - 04:39 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

"How is it an aberration when it's part of a trend?"

Mike, you may be right but the editorial notes that a lot of other numbers are softening and low unemployment may not be sustainable under these conditions. One should not cherry pick one's numbers without noting information that goes in the opposite direction. The writer of the editorial states the negative info and accounts for the positive. I don't see a problem with it.

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Mike Huss
Senior Member
Username: Mikhu

Post Number: 1357
Registered: 03-2003
Posted on Wednesday, November 08, 2006 - 04:55 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Bob,

Not per the NYT it won't. When the Dems are in control they could have a scud missile with a nuclear warhead on it descending on their building and it would be a nice, bright, sunny day according to them. After the missile hits the reporters from the NYT that were camped out yet again with Cindy Sheehan in Crawford would blame it on Bush and Rove and say it had nothing to do with the slashing of intelligence funds that is coming from the Democratic Congress.
 

Dan Listermann
Senior Member
Username: Listermann

Post Number: 3638
Registered: 03-2004
Posted on Wednesday, November 08, 2006 - 05:12 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Sorry about the election, Mike. You will get better in time.

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Mike Huss
Senior Member
Username: Mikhu

Post Number: 1365
Registered: 03-2003
Posted on Wednesday, November 08, 2006 - 06:28 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

Dan, you can be SUCH a condescending a$$ sometimes. And you wonder why the Rats attack you.
 

Dan Listermann
Senior Member
Username: Listermann

Post Number: 3642
Registered: 03-2004
Posted on Wednesday, November 08, 2006 - 08:22 pm:   Edit Post Delete Post View Post/Check IP    Ban Poster IP (Moderator/Admin only)

"Dan, you can be SUCH a condescending a$$ sometimes. And you wonder why the Rats attack you."

Personal attack. . .

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