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This claim is based on a wildly distorted report by the Federal Reserve's inspector general, which tracked what was ostensibly an increase in the renovation cost from $40 million in 2010 to nearly $150 million by 2013.
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Meryl Streep has blamed "distorted reporting" for the row over her comments at the Berlin film festival earlier this month, during which the three-time Oscar winner told a press conference: "We're all Africans really".
Yet if sales fall and profits shrink, interest bills must still be paid.Perhaps the biggest factor distorting reported profits comes from the treatment of employee stock options, the use of which has grown hugely in recent years.
This quandary is well articulated by Bob Ward who writes: "The danger with campaigning is that it distorts reporting of an issue, so audiences do not receive a neutral, objective account of the news - basically it crosses the line from providing information into the realm of motivating action.
Of course, charge-offs tremendously distort reported earnings numbers, and no rational person looks at the 2008 $28 as a base case.
In May of this year the European Commission initiated an action examining whether firms have colluded to distort reported prices ("Oil Companies Raided In E.U. Pricing Inquiry" Wall Street Journal 05.15.13).
14 The nature and closeness of relationships for the remainder is variable, which could confound or distort reports.
These perverse effects might include neglecting unrewarded activities, distorting reporting systems to inflate coverage and staff moving to areas with higher performance or more favourable conditions for meeting targets.
Economists said temporary factors relating to autos also distorted a report showing the largest increase in producer prices since January 2001.
As a result, the company's perception of safety on the rig was distorted, the report concluded.
"He fronted for them, he distorted the reports".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com