By Ken Shepherd | August 25, 2014 | 4:53 PM EDT

"Patriotism may be the last refuge of a scoundrel, as Samuel Johnson put it, but a lack of it may be the last refuge of corporate executives who have run out of ideas on how to improve their business," groused Daily Beast global finance editor Daniel Gross in the open of his 9-paragraph screed "Burger King Plots Canadian Invasion to Save His Faltering Kingdom." "It’s one thing for a fairly anonymous company that sells pumps or valves or industrial products to other businesses to renounce its citizenship for the sake of saving a few bucks on taxes. It’s quite another when you’re an iconic American consumer-facing company that relies on fickle consumers for a large share of its business," Gross fumed. 

By contrast, folks reading coverage of the planned merger at Time.com's money section were treated to an article which actually dealt with the facts rather than diving into overheated political rhetoric. As Time.com's Paul J. Lim explained, "Burger King Wants to Cut its Exposure to Hamburgers, Not Just Taxes" (emphasis mine):

By Ken Shepherd | October 11, 2013 | 4:43 PM EDT

For someone whose job title is global business editor, Daniel Gross seems far more concerned with bashing businessmen for not toeing the liberal line than reporting business news. Then again, perhaps we shouldn't expect that much from The Daily Beast.

Gross, who has slammed Apple's penchant for legal tax avoidance as being "too greedy for its own good" turned his attention today to Starbucks CEO Howard Schultz, lambasting him for daring to blame both Republicans and Democrats for the government shutdown, rather than use the work stoppage as an occasion to spout liberal talking points demonizing the Tea Party. The Yahoo! Finance alum seems particularly miffed because of Schultz's push for socially liberal stands in the past:

By Ken Shepherd | May 30, 2013 | 4:48 PM EDT

As we've documented time and again, Newsweek global business editor Daniel Gross has a history of anti-business and pro-big government bias.

Gross stayed true to form in his latest attack on a successful American business enterprise in his May 29 Newsweek feature, "Is Apple Too Clever By Half?" Gross's answer, unsurprisingly, was yes, and that the company was greedy because it has followed U.S. tax law scrupulously in a manner that lessened its tax bite.

By Noel Sheppard | August 6, 2011 | 12:09 PM EDT

"[I]t's difficult to escape the conclusion that America's credit rating was intentionally sabotaged by Congressional Republicans."

So wrote Yahoo Finance economics editor Daniel Gross Friday evening:

By Ken Shepherd | March 29, 2011 | 10:38 AM EDT

Handicapping a case heading to oral argument before the U.S. Supreme Court today, Yahoo! Finance's Daniel Gross insisted that "Wal-Mart has to like its chances" because "[t]he Supreme Court under Chief Justice John Roberts has generally been pro-business and hostile to the cause of workers."

Gross, who is also a senior editor for Newsweek, cited the 2007 ruling -- erroneously writing that the ruling came down in 2009 -- in Ledbetter v. Goodyear Tire in which "[the Supreme Court] threw out on a minor technicality the compelling case of Lilly Ledbetter, who had fought Goodyear Tire over sexual harassment and discrimination for a decade."

But the "technicality" as Gross sees it was actually pretty clear legislative language fixing a deadline beyond which lawsuits could not be filed.

From Justice Alito's opinion of the Court (emphasis mine):

By D. S. Hube | January 8, 2011 | 10:11 AM EST

You've probably noticed that those prices at the pump have risen considerably over the last month or so. But don't worry! It's not that big a deal! Well, according to Yahoo! Finance's Daniel Gross, that is. Why? Well, Americans are consuming less gas per capita than a few years ago, cars are more fuel efficient, and people are just plain getting weary of more and more traffic (and, hence, are driving less):

There's also evidence that Americans' long-running love affair with the road is beginning to wane a bit. Driving is less fun when you're always stuck in traffic. These statistics from the U.S. Department of Transportation show the number of miles driven by buses, trucks, and cars from 1957 to 2008. From 1990 to 2000, total miles driven rose from 2.17 trillion to 2.75 trillion, up about 26 percent. But between 2000 and 2008, total mileage rose less than seven percent, from 2.75 trillion to 2.94 trillion. Miles driven fell in 2008.
By Kyle Gillis | July 21, 2010 | 9:44 AM EDT

NewsweekThe news media love to bash businesses and support regulation, so Newsweek's mockery of the CEO class and claims that they accomplished nothing between 2001 and 2009 shouldn't be a surprise.

In his July 20 "Poor Little CEO's" story, Newsweek's Daniel Gross, known for his "tea bagging" comments and staunch defense of Obama, derided a July 12 "Jobs for America" summit held by the U.S Chamber of Commerce, the Business Roundtable, and the National Federation of Independent Business.

Gross mocked the jobs summit saying it was "a little like BP holding a deepwater-drilling safety summit." He also blamed corporate America for a "lost decade" that ended with "the deepest recession since the Great Depression."

"Between 2001 and 2009, corporate America designed the playing field to its specifications - easy money from the Federal Reserve; lower taxes on capital gains, dividends, and income; an administration that let industry essentially write its own regulations," Gross claimed.

By Jeff Poor | April 13, 2010 | 10:07 AM EDT

After the Dow Jones Industrial Average (DJIA) cracked the 11,000 mark on April 12, some are asking if the economy is back. And while some want to credit President Barack Obama for this so-called recovery, is this financial market rally a true indicator of returning economic prosperity? 

The anchor of "NBC Nightly News" asked just that question, pointing out the cover of the April 19 issue of Newsweek magazine that pronounced "America's Back!" On his April 12 broadcast, Brian Williams asked CNBC's David Faber if it was a little premature to make that declaration.

"I'm looking at the copy of Newsweek magazine out today," Williams said. "It says America's back and we have this classic disconnect. We hear numbers out of Wall Street. We see covers of magazines like that. People watching at home, millions of people in the grips of unemployment and poor financial times wondering when they're going to start feeling some of this."

By Jeff Poor | August 5, 2009 | 7:04 PM EDT

When in doubt blame conservatism, even when it comes to the struggles of a media outlet - and ignore the possibility that liberalism might be to blame.

Ever since Nielsen came out with the July numbers for CNBC that showed the network had suffered a 28 percent ratings decline over a year ago, some of the financial media intelligentsia have been eager to point to what they perceive are the right-leaning political shortcomings of the network as a possible reason.

According to Daniel Gross, the Moneybox columnist for Slate.com and a columnist for Newsweek (and a known proprietor of "teabag" double entendres), there's been a decline in interest in financial news since the markets haven't been as volatile. But Gross is also convinced there's a component of the network's "rightward, anti-Obama tilt," despite its efforts to placate the left.

By Matt Philbin | April 15, 2009 | 3:52 PM EDT

When a senior editor from Newsweek goes on MSNBC to discuss conservatives who protest the massive tax and spend agenda of the Obama Administration, why shouldn't he join in the fun of disparaging them with juvenile sexual innuendo? After all, he's among friends and fellow travelers.

But eventually, someone may call that senior editor to account for his "pornographic" slurs, as St. Louis radio host Jamie Allman did to Newsweek's Daniel Gross on April 14.

Gross had appeared on MSNBC's "Countdown," on April 10 and told guest host David Shuster, "I think when it comes to tea bagging, the president should probably ignore this ... to get bogged down with what seems to be a fringe group of people throwing consumer products into the lakes and rivers of this nation, ah, doesn't seem to be worthy of his attention."

By Jeff Poor | April 12, 2009 | 7:48 PM EDT

With the Tax Day tea party rallies just three days away, outside of the Fox News Channel, the coverage has been lacking. And, it was something that even Washington Post media columnist and host of CNN's "Reliable Sources" Howard Kurtz acknowledged on his April 12 program.

"The folks at Fox News have found something to be for in this age of Obama," Kurtz said. "They are firmly in favor of tea parties. On Wednesday, that would be April 15th - there will be tax protests around the country on the theme of the original Boston Tea Party. TaxDayTeaParty.com says it was inspired by that rant against President Obama's mortgage aid plan by CNBC's Rick Santelli."

However, Kurtz didn't condemn his network and other networks for lack of coverage - but instead explored the notion that Fox News was giving it too much coverage.

By Jeff Poor | April 11, 2009 | 2:37 PM EDT

Even before a single bag of tea has been dumped as a form of protest over government economic policies, the gang at MSNBC is in full-attack mode over the notion these protests merit any recognition.

On MSNBC's April 10 "Countdown," fill-in host David Shuster imitated his MSNBC colleague Rachel Maddow's juvenile and overdone description of the tea party protest to disparage the upcoming nationwide event.

"Now to the so-called ‘teabagging parties' you may have heard about," Shuster said. "They have been fluffed repeatedly by Fox News. Citizen protests over the government's collection of taxpayer money, specifically that the wealthiest taxpayers in our nation will see their rates go up 3 percent two years from now."