Free Republic

Correcting The Growth Of Human History By Bill Bonner 12/22/11 Baltimore, Maryland – And so, yesterday, the northern hemisphere had its shortest day of the year. In Baltimore, the sun never rose and never set. It was gray all day. Then it was night again. And so the days dwindle down to a precious few. In astronomical terms, the year is already over. We have passed the winter solstice. From here on out the days grow longer. In terms of the Gregorian Calendar, we still have a few more days to go in 2011. Then, we face a new year....

Why To Buy Gold In A Deflationary Economy By Bill Bonner 08/31/11 Poitou, France – The Dow rose 20 points yesterday…after a fabulous increase the day before. Gold went up $38. We’ve already given you our forecast. We think gold AND stocks are going down. But what do we know? The role of markets is to make fools out of market analysts. So, the shrewd forecaster has to be careful. He shouldn’t be too precise in his predictions. He can say what direction prices are going. Or he can say when. But not both. If we tell you that ‘stocks...

The Great Correction…Five Years On, Part IV By Bill Bonner 08/03/11 Paris, France – It doesn’t look good, dear reader. The Dow lost 171 points yesterday. Oil slipped closer to $90. And what’s this…gold, up $22. The debt deal is done. And the Great Correction intensifies…as expected. “Another bear market has begun,” says our old friend Marc Faber. “After debt deal: economy in deeper peril,” says MSNBC. Why would the economy be in deeper peril? Actually, it’s in the same peril. But most people didn’t know what peril it was in. They had swallowed the “recession…recovery” story. They believed it...

The panic has begun. What now? By Paul R. La Monica, assistant managing editor March 15, 2011: 4:02 PM ET NEW YORK (CNNMoney) -- Beware the Ides of March, indeed. Investors were in full-fledged panic mode Tuesday morning. Stocks, long-term bond yields and commodities were plummeting. Meanwhile. the VIX (VIX), Wall Street's so-called fear gauge, was surging. It shot up more than 20% at one point. This all followed the more than 10% drop in the Nikkei Tuesday, as fears about damaged nuclear reactors following Friday's massive earthquake and tsunami continued to grip Japan. Are investors overreacting? Some strategists don't...

"Buy everything" sentiment continues on Wall Street Fri, Feb 18 2011 By Angela Moon NEW YORK (Reuters) - Investors will continue to ride the speediest rally in U.S. stocks since the Great Depression despite growing concerns that the market is overbought and due for a correction. Wall Street posted its third consecutive week of gains with the S&P 500 now up 6.8 percent for the year and more than 20 percent in just six months. "I've never seen a market like this," said Paul Mendelsohn, chief investment strategist at Windham Financial Services in Charlotte, Vermont, a market watcher for 35...

Have you ever heard someone teach, preach, or say something that didn’t sound right? It was incorrect. It didn’t seem to agree with what you had been taught in the past. What was your response? Hopefully, like the Bereans of old in Acts 17:11, you picked up your scriptures and carefully searched through them and studied them to confirm what had been said. What did you do next? Some will remain silent and say nothing. Others will use this as an opportunity to spread gossip or rumors about the teacher/speaker in question with the intent of “tearing them down” and...

After stocks ended 2010 making new highs, many experts have been calling for a healthy correction before putting more money into equities. And if you had listened to those folks you would have missed out on even more gains in the opening days of the New Year. There are 2 main camps of folks that are calling (nay, praying) for this correction. Let me share with you their sad stories and why you should continue to pass on their faulty strategies. Correction Camp #1: Missed the Party All Along In 2008 it was easy (and 100% sane) to be a...

Howard Kurtz has quite a correction today! It seems that Howie mistakenly believed he was interviewing a Congressman, when in fact he was speaking to the Congressman's spokesperson. Weirder: Kurtz waited more than a month to correct the story. [Updated] In late November, Kurtz wrote a story in The Daily Beast about "tough-talking" Republican Rep. Darrell Issa. The story was based on what Kurtz thought was a phone interview with Issa. But it turns out that, no, Kurtz had actually been speaking to Issa's spokesman, Kurt Bardella, the entire time. Hate when that happens! Today, Kurtz writes: On Nov. 29,...

Unwelcome Correction Mistaken For A Double-Dip Recession By Bill Bonner 06/10/10 Baltimore, Maryland – Oh Bama…could this really be the end? To be stuck inside of Mobile, with the Memphis Blues again… – Bob Dylan, sort of Who believes in the ‘recovery’ now? Robert Reich (former Labor Secretary under Bill Clinton): “The only reason the economy isn’t in a double-dip recession already is because of three temporary boosts: the federal stimulus (of which 75 percent has been spent), near-zero interest rates (which can’t continue much longer without igniting speculative bubbles), and replacements (consumers have had to replace worn-out cars and...

The Great Correction…Still Pending By Bill Bonner 04/06/10 Baltimore, Maryland – For more than a year, the “recovery” bounce in the stock market has refused to give up. The indexes have recovered more than 50% of what was lost. Technically, they look pretty good. What’s more, the S&P sells at more than 21 times normalized earnings, according to Robert Shiller’s latest tally. It seems like nothing can stop stocks now. Then there’s the Treasury market. Overall, yields remain remarkably low. It is almost as if Treasury buyers are unaware that they are being asked to finance the biggest increase in...

On Thursday, February 25, Athens News editor Terry Smith, who also teaches journalism courses at Ohio University's E.W. Scripps School of Journalism, published an editorial on the topic of the state and national tea party movement in which he encouraged Congressman Democrat Zack Space to refuse an invitation to appear at an event. While the greater scope of Smith's article falls outside of the scope of this website, the editor made comments about Buckeye Firearms Association that need to be addressed. From the editorial: In a news release issued Monday, the Ohio Liberty Council, describing itself as "a non-partisan grass-roots...

Is Market On Brink Of Major Correction? Published: Wednesday, 20 Jan 2010 | 5:59 PM ET By: Lee Brodie Are chances of a major correction growing? Two widely followed market strategists are both concerned that the market is over-extended. Richard Bernstein who called the tech bubble and veteran trader Gary Kaminksy are both ringing bells of caution. Bernstein’s Warning Signs Bernstein has spotted three trends emerging that lead him to believe the next leg may be lower. They follow: 1. U.S. Dollar Breaks Out /snip 2. Rising Rates /snip 3. Oil Prices Choke Consumer /snip Market Is Exhausted, says Kaminsky...

NEW YORK – Gold prices have been rising sharply, breaching the $1,000 barrier and in recent weeks rising towards $1,200 an ounce and above. Today’s “gold bugs” argue that the price could top $2,000. But the recent price surge looks suspiciously like a bubble, with the increase only partly justified by economic fundamentals. Gold prices rise sharply only in two situations: when inflation is high and rising, gold becomes a hedge against inflation; and when there is a risk of a near depression and investors fear for the security of their bank deposits, gold becomes a safe haven. The last...

Yellow metal's boosters see no problem with recent correction NEW YORK (MarketWatch) -- Gold took a $40-plus beating on Friday, but the gold bugs (not for the first time) are dug in and determined. The trigger for Friday's fall, of course, was the big U.S. dollar surge following unexpectedly good (or, at least, not absolutely awful) employment data. But the gold sell-off was broad. Kitco's Gold Index indicates that (by their reckoning) only $14.90 of gold's $46.10 decline was caused by the dollar rise. The effect of this was to turn down The Privateer's famous Long Term US$ 5X3 Point-and-Figure...

We've seen small scale liquid lenses progress from concepts to commerical applications, and now Joshua Silver, a retired physics professor at Oxford University, has perfected what he calls "adaptive glasses," applying similar tech in a singular and ingenious way. Aimed at helping developing nations where glasses are expensive and doctors are often in short supply, Silver's spectacles are made of tough plastic with with silicone liquid in the lenses. When purchased, each lense will have a syringe attached to it, and the wearer will be able to adjust the amount of liquid in the lenses -- which essentially changes the...

WASHINGTON – In an Oct. 14 .. The Associated Press incorrectly quoted Senate Budget Committee Chairman Kent Conrad .. national debt had climbed by more than $1 trillion while President Bush was in office. ... The national debt has risen by $4.6 trillion since Bush took office.

Shakesqueer: the Sequel by: Bethany Stotts, March 27, 2008 We got an anonymous e-mail last week that claimed that “Bethany Stotts’s article on the Shakespeare panel at MLA (1/9/08) attributed two of the panels to the wrong scholars and then misquoted them.” ....What follows, then, is both an update and an answer. A listed speaker at the MLA forum, Princeton Professor Jeffrey Nunokawa was replaced at the last moment by Professor Ellis Hanson of Cornell University. Accuracy and Academia awarded Hanson the number one slot in its ’98-’99 “Top Politically Correct” professors for his defense of teaching pedophilia in the...

Well, it's not what one might think. They have a correction on an irrelevant point in a completely discredited article -- but at least it's right at the top: A front-page article on Feb. 21 about Senator John McCain’s record on lobbying and ethics, including his role in the Keating Five case, described incorrectly the reprimand delivered to three other members of the Senate in 1991 for intervening with government regulators on behalf of Charles H. Keating Jr. The Senate Ethics Committee rebuked the three senators for improper behavior, but under a parliamentary agreement the full Senate did not censure...

Now that Mitt Romney has gracefully ended Act One of the drama in the Republican presidential primary by suspending his campaign, and since the only real drama in the Democratic presidential race is whether it will be the first female nominee or the first African-American nominee, some of the media elites have already returned to their next favorite theme of “A Recession is Coming.” My January 21, 2008 column describing this media frenzy as a rerun of the movie, “The Economy”, was short-sighted, because the mainstream media editors and writers are putting out enough material for a long-running TV series....

The LifeSiteNews.com story published Tuesday on the jailing of Pastor Lerle in Germany has been retracted after LifeSiteNews.com was informed that we were working with false information. While Pastor Lerle has in the past been jailed for anti-abortion activities his current one year imprisonment stemmed solely from holocaust denial and not from comparing abortion to the Nazi holocaust as we erroneously reported Tuesday. My sincere apologies for this serious error. John-Henry Westen Editor LifeSiteNews.com

The stock market rallied through resistance on light volume, suggesting the correction is over and stocks will move higher from here. Read the IBD article for details.

Stock market correction might continue. Beware.

Any equity selloff as large as yesterday's will produce a multitude of explanations. Among other culprits, we heard about "overbought" Chinese stocks that were due for a correction, a weak durable goods report, the Kabul explosion aimed at Vice President Dick Cheney (see below), and former Federal Reserve Chairman Alan Greenspan for declaring Monday that a "recession" was possible later this year. Our own "whodunit" contribution would point to the mortgage-related markets, which sold off nearly as much as stocks. This reflects the cracks appearing in the housing credit markets, especially in subprime loans but with some damage up the...

In a story that ran Aug. 11 about the partial shutdown of an oil field in Prudhoe Bay, Alaska, The Associated Press, relying on information from BP PLC, erroneously reported that the eastern pipeline had not undergone a high-tech "smart pig" inspection since 1992. On Saturday, Aug. 12, the company told the AP that some of its employees were misinformed, and that the eastern pipeline, which began operating in 1977, never had the smart pig inspection. Below is a corrected version of the story: --- PRUDHOE BAY, Alaska (AP) - Federal regulators ordered BP PLC to conduct more rigorous tests...

ATTENTION EDITORS - CAPTION CORRECTION FOR SJS01 - 05 WHICH WERE TRANSMITTED AT APPROXIMATELY 1725 GMT ON AUGUST 9, 2006. THE CAPTION INCORRECTLY STATES THE CAUSE OF DEATH. CORRECTED VERSIONS IMMEDIATELY FOLLOW THIS ADVISORY. WE ARE SORRY FOR ANY INCONVENIENCE CAUSED. REUTERS. A Palestinian man carries the body of three year-old Raja Abu Shaban, in Gaza August 9, 2006. The three-year-old girl who had been reported killed by an Israeli air strike in Gaza on Wednesday actually died of an accident, Palestinian medical workers said on Thursday. Workers at Gaza's Shifa hospital said on August 10, 2006 that the initial...

India stock market bull run stalled as foreign funds get jitters by Penny MacRae Sun May 28, 7:00 PM ET Just over two weeks ago, Mumbai's stock market was looking unstoppable as it moved by leaps and bounds to new record highs. But now investors are licking their wounds after a brutal correction that has pulled the benchmark Sensex index down by 14 percent since May 10 amid concerns about rising world interest rates, plunging metal prices and surging fuel prices. While all Asian stockmarkets have been caught up in the worldwide turmoil triggered by a decision by the US...

The Comprehensive Immigration Reform Act (CIRA, S.2611), which recently passed the Senate, provides amnesty to illegal immigrants and creates a massive “guest worker” for life program. Earlier this month, The Heritage Foundation released an analysis calculating that the bill, if enacted, likely would result in 103 million immigrants obtaining legal status or entering in the U.S. legally over the next twenty years. [1] All of these individuals would have the right to permanent residence and could become citizens and vote in U.S. elections. On May 18th, the White House Office of Media Affairs issued a press release challenging the Heritage...

An article and a picture caption yesterday about the funeral of Sgt. Jose Gomez of Queens, who was killed on April 20 in Iraq, referred incorrectly to the Army representative who comforted his mother. She was a sergeant first class — an enlisted woman, not an officer. The article also misstated the name of a service medal that a general presented to Sergeant Gomez's mother. It is a Purple Heart, not a Purple Star. In some copies, a picture of the coffin being carried out of a funeral home carried an erroneous credit. The photographer was Ozier Muhammad of The...

Another Day, Another Embarrassing Intelligence-Related Correction Posted by: Clay Waters 4/14/2006 11:59:09 AM After correcting itself on the Lewis Libby leak yesterday, the Times on Friday corrects another Bush-related intelligence story by reporter Eric Lichtblau that brought much criticism from conservative bloggers like PowerLine. This is what Lichtblau falsely claimed March 29: “In a rare glimpse into the inner workings of the secretive court, known as the Foreign Intelligence Surveillance Court, several former judges who served on the panel also voiced skepticism at a Senate hearing about the president's constitutional authority to order wiretapping on Americans without a court order.”...

A GRACIOUS CORRECTION OF THE JERUSALEM POST By Jerry Falwell March 1, 2006 Earlier today, reports began circulating across the globe that I have recently stated that Jews can go to heaven without being converted to Jesus Christ. This is categorically untrue. These false reports originated from a March 1 Jerusalem Post front page column which said: “An evangelical pastor and an Orthodox rabbi, both from Texas, have apparently persuaded leading Baptist preacher Jerry Falwell that Jews can get to heaven without being converted to Christianity. Televangelist John Hagee and Rabbi Aryeh Scheinberg, whose Cornerstone Church and Rodfei Sholom congregations...

Correction: In the original version of this report, NEWSWEEK misquoted Falwell as referring to "assault ministry." In fact, Falwell was referring to "a salt ministry"—a reference to Matthew 5:13, where Jesus says "Ye are the salt of the earth." We regret the error.

Ooops! We all make mistakes. But some mistakes are bigger than others. Here's an example--when a newspaper prints incorrect information. Newspapers frequently run corrections and retractions. But you usually have to search for them. Well, Regret the Error lists corrections, retractions and clarifications printed in newspapers around the country. It also includes a short commentary. Sometimes the mistakes are humorous. But I [Kim Komando] don't visit the site to gloat over others' mistakes. I read it because it makes me feel a little better about some of the mistakes I've made.

GREEN RIVER, Wyo. - A quote in a fake news release that was intended as an April Fool's joke ended up in a front-page story in the Los Angeles Times. The story in Tuesday's editions of the Times noted how successful the reintroduction of wolves had been 10 years ago, but said the predators remained controversial. "In Wyoming, for example, Gov. Dave Freudenthal last April decreed that the Endangered Species Act is no longer in force and that the state 'now considers the wolf as a federal dog,' unworthy of protection," the story read. The Times printed a correction Wednesday,...

A column by a rabbi published in the Los Angeles Times falsely asserted Rev. Jerry Falwell claimed lesbian actress Ellen DeGeneres played a role in the 9-11 attacks and Hurricane Katrina because she was the host of the Emmy Awards before both events. The Times ran a correction explaining the Baptist minister "made no such claim."

Correction: Aug. 18 New Orleans Story Friday December 2, 2005 12:46 AM By ALAN SAYRE Associated Press Writer In an Aug. 18 story about crime in New Orleans, The Associated Press, relying on information from a University of New Orleans criminologist, erroneously reported that university researchers conducted an experiment in 2004 in which police fired 700 blank rounds in a New Orleans neighborhood in a single afternoon and that no one called to report the gunfire. Instead, about 900 rounds of live ammunition were fired by officers over a two-day period in December 2003 during a demonstration of a gunshot...

We all know what a biased sham the MSM has devolved into. Some outlets, like The New York Times, sink to new lows everyday, smearing conservatives while ignoring liberal stories in their own backyard - the Air America scandal, for example. (And they wonder why their subscription bases are approaching all time lows, forcing them to layoff employees). What I cant understand is that its not illegal to print news over and over again thats CLEARLY false, while printing vague "corrections" the following day. If you print a mistake, you correct it later, granted. But to print news they know...

Many people reading "The Drudge Report" would think that Harriet Miers holds very liberal positions, based on Drudge's headline, "HARRIET MIERS SUPPORTED FULL CIVIL RIGHTS FOR GAYS AND LESBIANS." They would be wrong. Harriet Miers' position apparently was basically what most conservatives believe: That there are no such civil rights as the right to marry someone of the same gender, the right to receive special legal protection in employment or houseing, or the right to commit sodomy. Thus, when asked whether she supports full civil rights for gays, she said she did -- not because she believes in the "special...

NEW YORKJust days after it ran an editors' note--under pressure from outside and within--that sort of admitted it had erred in a blast at Fox News' Gerald Rivera during the Katrina tragedy, The New York Times finally ran a full correction on Sunday, on its editorial page, for a miscue by columnist Paul Krugman, while announcing a new policy on errors on that page. As the paper noted, Krugman had three times previously admitted getting wrong part of his Aug. 19 column about media recounts of the 2000 Bush-Gore race, but critics kept pointing out that he still hadn't gotten...

I figured instead of an expensive subscription to the NYT, I would just publish the corrections every week. This way, you get the news without the bother of reading the lies, propoganda, and falsehoods so prevelant in the regular paper. Think of it; no more wondering if the story is accurate! Just read my paper that contains only their corrections! What do you guys think? Can I make any money with this idea?

Some of Time's sources are revising and extending their remarks. An excerpt: Claudia Deakins, Edmond's director of marketing and public relations, was quoted in the Time article as saying that Brown was not a manager but more like an intern. Brown was assistant to the city manager in Edmond from 1977-80. However, this morning, Deakins disputes Time's quotes attributed to her. "I spoke with two reporters from Time Magazine Thursday. I answered questions about the City of Edmond, the organizational structure and role of the city manager and his staff. My comments were in the context of the organization as...

For the last few months there has been a running debate about the U.S. economy, more or less like this: American families: "We're not doing very well." The administration and some political commentators seem genuinely puzzled by polls showing that Americans are unhappy about the economy. After all, they point out, numbers like the growth rate of G.D.P. look pretty good. So why aren't people cheering? (snip)Corrections: In my column last Friday, I cited an inaccurate number (given by the Conyers report) for turnout in Ohio's Miami County last year: 98.5 percent. I should have checked the official state site,...

Looks like the New York Times can be more accurate, when pressed. Today's edition corrects one of two errors in Friday's story discovered by Michelle Malkin, the Radio Equalizer and several other bloggers:

UPHOLDING the journalistic integrity of The New York Times requires a lot of care. Maintaining the perception of journalistic integrity can require even more care. Mistakes can become a black eye for the paper, especially when established editing procedures and safeguards are bypassed. And even a forthright correction, when crafted without careful attention to the perceptions it may create, can make things worse. Such a case occurred a little more than a week ago, when this disturbing editors' note appeared in the paper: "The Op-Ed page in some copies yesterday carried an incorrect version of an article about military recruitment....

JERUSALEM – The Associated Press yesterday retracted a story falsely claiming British Prime Minister Tony Blair blamed the London terror attacks on the Israeli-Palestinian conflict. It was the second time in the past few days the media agency falsely linked Israel to the deadly bombings. On Saturday, the AP published a story claiming Blair explained in a BBC Radio interview that to prevent future attacks against London the Israeli-Palestinian conflict needed to be resolved. According to the AP, while discussing the "very deep roots" of terrorism, Blair said "that meant boosting understanding between people of different religions, helping people in...

Dear HonestReporting Subscriber, Two days after the terrorist bombings in London, British Prime Minister Blair gave a high-profile interview on BBC Radio, which Associated Press covered in this manner: Prime Minister Tony Blair said Britain must defend against terrorism ― but must also strive to understand the underlying causes of the violence, which he identified as deprivation, lack of democracy and ongoing conflict in the Middle East."I think this type of terrorism has very deep roots," Blair said. "As well as dealing with the consequences of this ― trying to protect ourselves as much as any civil society can ―...

LONDON - In a July 9 story about Prime Minister Tony Blair's comments on overcoming global terrorism, The Associated Press erroneously reported that he spoke of easing the conflict between Israel and the Palestinians. Blair did not specifically mention the Israeli-Palestinian conflict in his interview with the British Broadcasting Corp

In the ninth paragraph I wrote " Of course, most people already know the answer to this. The Inquirer and other mainstream media would make an incident, where black students were terrorized by whites, a feature piece for weeks (so ingrained is this way of thinking that even when I write this sentence the Microsoft spelling and grammar check software is telling me to change “black students were terrorized by whites” to “ whites terrorized by blacks.” This is absolutely incredible that a software program would be this politically correct). The program did nothing wrong. It was merely telling to...

A headline and article summary that appeared to indicate that Supreme Court Chief Justice William H. Rehnquist had either retired or died was inadvertently published on washingtonpost.com and through a washingtonpost.com RSS feed on June 23...

'Post-Dispatch' Runs Lengthy Apology After Local Ministry Complains Of Errors By Joe Strupp Published: June 20, 2005 5:00 PM ET NEW YORK The St. Louis Post-Dispatch ran a lengthy apology to readers Sunday after a local religious ministry complained that two articles written by a staff writer contained numerous errors. The paper also says it is taking "corrective action." Post-Dispatch Managing Editor Arnie Robbins, who refused to name the reporter, said the staffer had not been fired, and declined to comment on any other disciplinary action. A review of the paper's archives by E&P reveals, however, that the reporter was...

Newsweek floundered in journalistic purgatory over the weekend, unable to confirm or completely retract the "Periscope" item from its May 9 issue that incensed rioters in Afghanistan and Pakistan; 16 people died in the melees. I wonder why Newsweek wasn't more skeptical about Quran-desecration charges. Muslims so venerate the Quran that they are outraged if anyone touches one without first washing their hands, let alone put it into a dung-hole. Compare the ubiquity of the toilet story with other kinds of Quran desecration. In my Nexis sifting I found only a handful of examples from the last 25 years: A...