Monday, July 27, 2009

Fuzzy math in an unsigned editorial at the News & Observer

From the News & Observer corrections department:

A Friday editorial stated that a consultant for UNC-Chapel Hill found that administrative spending at the university exceeded spending on academics. In fact, the consultant found that, since 2004, growth in administrative spending had been greater than growth in spending for academics.

Ooops, this mistake is embarrassing. (For some reason, I can't find the original editorial on line.)
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5 comments:

Anonymous said...

MNI 1.39 +0.22 (18.80%)

Guess this is not newsworthy? It looks like some profit taking...oh wait...what the, it went up?

Anonymous said...

Whew! Short interest data in for period of 7/15.

Over One Million shares covered. Short interest is now 6,639,067 with large covering over the past two weeks to be on the next report.

Anonymous said...

When is the next report as that will be the one that will include the new earnings?

Also, where do you look to find this information? Quickest place I found was Yahoo...but it is not really "timely".

Anonymous said...

As Bobby Knight said, "everyone I know learned to write in the third grade. Most of them went on to something else."

Unfortunately this simple blunder is too typical of reporters who can write but really struggle with comprehension.

Anonymous said...

Also, where do you look to find this information? Quickest place I found was Yahoo...but it is not really "timely".

I recieve short interest data directly from NASDAQ data feed.

There is no such thing as timely Short interest reports. Law requires reporting I believe every month, however the NASDAQ and NYSE release updates approximately every two weeks.

As far as fundamentals, for anything approaching a timely manner you must subscribe to a service or employ your own analysts.

Yahoo, Google etc all get much delayed data from Thompsons etc. Some I have seen get updated once a quarter or even once a year in some instances.