Tom Blumer of the Newsbusters web site notes that the business media has reported the August retail sales figures in widely different ways.
Wrote Blumer: “How can this be? Although looking at monthly results is important, the second article covers year-ago comparisons that the AP chose not to report on. 6%-plus year-over-year retail sales increases are way ahead of inflation (to be fair, the Dayton paper should have indicated immediately that the 6% was a year-over-year figure). Since July was so strong, it’s not surprising that there was a bit of a breather in August.
“The second report is the better bet. Too bad most people will only see or hear about the first one.”
Read more here.
The U.S. ambassador to the United Nations has lambasted Russia over its continued detention of…
Wall Street Journal editor in chief Emma Tucker sent out the following on Thursday: Today we announced…
Clare Malone of The New York writes about Hunterbrook, which is using reporting from journalists to…
The Hollywood Reporter awards editor Tyler Coates is leaving the news organization. His last day will be…
Laura Purkess has been promoted to consumer features editor at The Sun. She will maintain…
Pat Ferrier, senior business reporter at the Coloradoan in Fort Collins, is retiring after 23…
View Comments
Isn’t it odd that many reporters choose to look at economic numbers on a month-to-month basis but don’t look at corporate earnings that way? If there was a business news god, I'd hope one of his or her 10 commandments would be ... “Focus on year-over-year data, if all possible."