Banking/Finance

The Associated Press's coverage of Friday's deep U.S. stock market dive in two Friday afternoon reports engaged in the reality avoidance longtime readers here have come to expect. An item by Stan Choe ("Get used to it: Big drops for stocks are back again") spent most of its verbiage on "volatility," and only cited "China's sharp economic slowdown ... Tensions in the Middle East ... the plunge in…

The press's fierce determination to avoid blaming any of the steep decline in this nation's stock markets so far this year on horrid U.S. economic data, or on the Obama administration which has given us such a sour economic environment, has gone way beyond annoying. Shortly after noon at Yahoo Finance, as the Dow Jones Industrial Average's Friday dive hit 500 points, Nicole Sinclair, who is also…

On Saturday, after one of the worst year-opening weeks for the stock market in many years, Myles Udland at BusinessInsider.com complained that "The stock market is having a nightmare start to 2016 and it's all the Fed's fault." This sentiment is apparently widely held in the media. At NationalInterest.org on Tuesday, Christopher Whalen wrote that "the Fed created the current unstable market…

Wait a second: wasn't it just this month that Hillary's handlers announced they were going to have her show a warm 'n fuzzy side, with more "heart?" So who was the genius who coached Clinton to announce that as president she would "impose much harsher restrictions" on financial institutions under Dodd-Frank? She'll "impose much harsher restrictions?" Brr! Isn't that the Stone Cold Hillary…

Joining new Late Show host Stephen Colbert on Wednesday’s show, Democratic Senator Elizabeth Warren (Mass.) received quite the welcome as the liberal late-night host compared her to Batman and repeatedly urged her to consider running for president. Near the tail end of his opening monologue, Colbert hyped that Warren “has launched a one-woman crusade against the billionaire class” and is “like…

The business press just can't understand why the Federal Reserve decided not to raise interest rates on Thursday. After all, these alleged journalists have been telling us for months bordering on years that U.S. economy is really in good shape. So it should be able to handle a rate hike, especially after over seven years of rates at essentially zero. The problem is that they now believe their own…

The business press is trying to convince readers, listeners, and viewers that Janet Yellen's Federal Reserve kept interest rates at zero not because of U.S. economic conditions, which supposedly "look good" with "steady economic growth." No-no. She stayed the course because of the troubled tglobal economy. Thursday evening, Reuters wrote that the Fed failed to move "in a bow to worries about the…

In his MSNBC show The Last Word Tuesday evening, Lawrence O’Donnell dedicated a segment to describing his opinion of what “good and bad socialism” looks like. Naturally his example of “good” socialism included the man and policies Bernie Sanders. It also included a 6 year old cover from Newsweek magazine that proclaimed “We Are All Socialists now,” which detailed how it's becoming normal (and…

Mientras Puerto Rico, bajo el liderazgo del socio del Presidente Obama, el gobernador Alejandro García-Padilla (D) ponía en mora los pagos a los acreedores, Univisión transmitió un informe completamente parcializado sobre manifestaciones contra la "austeridad" en frente de una firma de inversiones con sede en Nueva York.

The current headline at a June 29 New York Times story by Peter Eavis, also appearing on the front page of today's print edition, is "Loads of Debt: A Global Ailment With Few Cures." But the last portion of the story's web address is "... trillions-spent-but-crises-like-greeces-persist.html." That's because the original headline, the one used at the Times's Twitter account — was "Trillions Spent…

In their coverage Monday night of the debt crisis in Greece, ABC and NBC refused to label the current Greek government as socialist, far-left, or even left-wing with ABC neglecting to even explain why Greece has found itself in such a precarious position as they stand to possibly default on their billions of dollars in debt and/or leave the Eurozone. In contrast to both networks, the CBS Evening…

When it comes to the word “freedom,” liberals and conservatives long have told each other, in effect, “I do not think it means what you think it means.” Take Katrina vanden Heuvel, editor and publisher of The Nation, who in a Tuesday Washington Post column urged presidential candidate Hillary Clinton to endorse a “far more expansive” concept of freedom than the right’s “constrained notion” that’…

Reacting to Rick Perry’s announcement that he is running for president, MSNBC's Mika Brzezinski cheered the former Texas governor’s populist message. After playing a clip of Perry saying the “American people see a rigged game where the insiders get rich [and] the middle class pays the tab,” on Friday's Morning Joe Brzezinski couldn’t contain her excitement. She shouted: “It’s Elizabeth! It’s…

Even Charles Babington at the Associated Press, for once not the completely beholden Administration's Press, seemed to be having a hard time buying what Democrats at a meeting in Philadelphia were selling. Unfortunately, he decided to let Joe Biden's direct contradiction of his party's congressional delegation's sunnyside-up stance on the economy go unreported. In a video carried at the Weekly…