Topic: NewsBusters
In an Oct. 20 NewsBusters post, Ken Shepherd complained that CBS' Katie Couric "the Dow's record close above 12,000."
As we've noted the last time Shepherd did this, the Dow's "record close" is not a record when adjusted for inflation. That's important because Shepherd's MRC cohorts were apoplectic earlier this year when news outlets reported on record high oil prices because they weren't when adjusted for inflation.
UPDATE: Shepherd's article on the same subject at the MRC's Business & Media Institute similarly trumpets that "[t]he Dow Jones Industrial Average set an all time record" without adjusting for inflation.
Posted by Terry K.
at 2:34 PM EDT
Updated: Friday, October 20, 2006 4:30 PM EDT
