Bloomberg
Media Bias by Omission: Bloomberg Doesn't Investigate Democratic Presidential Candidates
As of Nov. 2019, Bloomberg admits that it engages in bias by omission with a Lean Left bent. Mike Bloomberg, New York City mayor and founder of the financial software company that owns Bloomberg, officially entered the 2020 Democratic presidential race in Nov. 2019. According to a memo sent to editorial and research staff obtained by CNBC and verified by a Bloomberg spokesperson, Bloomberg News announced it would refrain from investigating Mayor Bloomberg and his Democratic rivals.
“We will continue our tradition of not investigating Mike (and his family and foundation ) and we will extend the same policy to his rivals in the Democratic primaries. We cannot treat Mike’s democratic competitors differently from him,” Editor-in-Chief John Micklethwait said in the memo.
In Dec. 2019, President Donald Trump's campaign announced it would stop credentialing Bloomberg News reporters for rallies and other events until the outlet resumed investigating Democratic candidates.
Mike Bloomberg is founder and 89% shareholder in Bloomberg LP, the financial software company that owns Bloomberg News.
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Source: World Bank
The World Bank cut its forecast for global economic expansion in 2022 further, warning that several years of above-average inflation and below-average growth lie ahead with potentially destabilizing consequences for low- and middle-income economies.
“The world economy is again in danger,” President David Malpass said in the foreword of the latest edition of the lender’s Global Economic Prospects report released Tuesday. “It is facing high inflation and slow growth at the same time. Even if a global recession is averted, the pain of stagflation could persist for several years -- unless major supply increases are set in motion.”
The Washington-based lender reduced its estimate for global growth this year to 2.9% from a January prediction of 4.1% and April’s 3.2% estimate due to a surge in energy and food prices, supply disruptions triggered by Russia’s invasion of Ukraine and a drive by central banks globally to increase interest rates from rock-bottom levels.
The world economy expanded 5.7% in 2021 after the Covid-19 pandemic triggered the deepest global recession since World War II.