Thursday, September 14, 2006

Yahoo's Left Hand or Its Right Hand?

Yahoo Finance seems to be the classic case of the left hand not knowing what the right hand is doing. This morning, here are two headlines from this same service on the state of the economy, both taking their figures from the same source:

left-right
[Thanks to Bradley Arthur and scsv.nevada.edu/~susanb/jblog for the image.]

Headline No. 1:
"Retail sales, import prices stronger"
"[R]etail sales rose 0.2 percent, as lower gasoline prices helped spur spending in other areas like automobiles and school-related purchases." [Reuters]

Headline No. 2:
"Retail sales slow, jobless claims drop"
"Retail sales in August posted the weakest showing in two months as worried consumers curbed their spending habits." [AP]

Go figure. I guess it's so that commentators on both sides can find what they're looking for at Yahoo Finance. On the other hand, if you want the unadulterated data, go to the source (the Commerce Department.)

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