Mira Ebersole is an intern for MRC Business.
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Following the Labor Department’s disappointing report that only 38,000 jobs were added in May, the Federal Reserve decided on June 15, 2016, they would not raise interest rates. CNBC Squawk Box co-anchor Joe Kernen reacted to the Fed’s decision the following morning. He criticized them for only raising interest rates once in the past nine years.
Award-winning actor Richard Dreyfuss lashed out at ABC over its miniseries about fraudster Bernie Madoff. He specifically complained about the network’s refusal to name banks in Madoff. “They were afraid [the banks] would sue,” Dreyfuss told The Hollywood Reporter’s Stephen Galloway.
The media often cite the Natural Resources Defense Council when covering environmental issues, but one of the group’s founders appears opposed to going “green”’ when it’s near his own back yard. James Gustave “Gus” Speth recently expressed vehement opposition to a plan to build 20 self-sustaining, eco-friendly communities in Vermont. In 1970, he co-founded the NRDC, and is still listed as an honorary trustee member. Speth previously served as the dean of Yale University’s School of Forestry and Environmental Studies and is currently a professor of Vermont Law College.
In spite of expectations that 160,000 jobs or more were added in May, the latest jobs report was a shocker showing just 38,000 job gains last month. CNBC’s Squawk Box panelists reacted live to that surprising Labor Department report on June 3, which showed that employment increased by a mere 38,000, while unemployment fell to 4.7 percent. However, low labor force participation continues to be a major economic problem.
Another Obama administration agency has poured cold water on anti-fracking fears so commonly promoted by the liberal media. The Federal Bureau of Ocean Energy Management and the Bureau of Safety and Environmental Enforcement announced May 27, that their recent study of offshore hydraulic fracturing (more commonly called fracking) in California found no long term damage to the environment.
Huffington Post Business seized the opportunity to bash companies in an article about Democratic presidential candidate Hillary Clinton and diversity. Huffington Post Executive Editor for Business and Technology Emily Peck’s May 24 story focused on Clinton’s decision to appoint Bernard Coleman as her “chief diversity officer” last year. But rather than simply praise Clinton, Peck leapt at the opportunity to accuse corporate America of being both racist and sexist.
To mark the 10th anniversary of the release of the film documentary An Inconvenient Truth, May 24, 2016, Participant Media introduced a celebratory campaign with the social media hashtag #AIT10, and the slogan “Share your truth.” It also made free digital copies of the film available for 24 hours through a number of digital retailers, including Amazon, Itunes, and Comcast’s Xfinity On Demand.