Banking/Finance

Whoever wrote the Associated Press's brief dispatch yesterday on the results of the government's auction of 10-year Treasury notes seemed to be stunned and on the defensive about its result. The item, entitled "Weak Demand at Auction of 10-Year U.S. Treasury Debt," began as follows: "U.S. Treasury prices dived Wednesday after an auction of 10-year notes drew very weak demand, signaling a lack…

In his weekend syndicated column, Deroy Murdock unearthed and relayed information the establishment press hasn't told the nation about how certain public-sector pension funds and university endowments have chosen to invest money entrusted to them in Bain Capital. Yes, Bain Capital. Until three weeks ago, it would have been somewhat understandable if the business press didn't expect to find a…

In his Jackson Hole, Wyoming presentation today, Federal Reserve Chairman Ben Bernanke, as reported by Paul Wiseman at the Associated Press, made the following claim in connection with the Fed's programs of "quantitative easing" (QE): "Bernanke argued Friday that collectively, such measures have succeeded. He cited research showing that two rounds of QE (quantitative easing) had created 2…

About a month ago, I joked in a column published elsewhere that the reason a certain New York Times column didn't resonate with anyone is because no one pays attention to the Old Gray Lady any more. Unfortunately, that's not true. But the fact that almost no other establishment press outlet has mentioned the paper's disclosure late Wednesday (appearing in Thursday's print edition) that former…

As the broadcast network evening newscasts on Tuesday gave attention to Vice-President Joseph Biden asserting that Mitt Romney, by "unchaining" Wall Street would effectively "put y'all back in chains," only CBS's Bob Schieffer informed viewers that about half the audience in Danville, Virginia, was African-American, thus suggesting the Vice-President was making an embarrassing pander to black…

Matthew Yglesias has been posting at Slate.com, supposedly a paragon of online establishment press journalism, as a business and economics correspondent since November of last year. His background is unmistakably leftist: ThinkProgress, the Atlantic, TPM Media, and the American Prospect. On Saturday, a Yglesias found a blog post which was apparently too good to check at The Richmonder, a…

In his column at the Los Angeles Times today (HT to a NewsBusters tipster), Michael Hiltzik engages in predictable whining about discussions on how to bring the federal deficit under control seem "increasingly to be driven by the wealthy." In the instance he cites, one could substitute "big bank and big company CEOs," who seem to have recently decided that President Obama's Simpson Bowles debt…

For the past two weeks Barack Obama's media minions have been working overtime trying to convince the American people the President was taken out of context during his now infamous "You Didn't Build That" speech in Roanoke, Virginia. CNN's Donna Brazile and the Washington Post's Ruth Marcus tried making that pathetic claim on ABC's This Week Sunday only to receive a much-needed education from…

New York Times economic columnist Paul Krugman made a statement Sunday about the looming end of the year tax hikes and spending cuts that is likely to raise some eyebrows on both sides of the aisle. Appearing on CNN's Fareed Zakaria GPS, Krugman said, "If Obama’s reelected, I think that there’s a quite good chance that for a month or two we actually will go off the cliff" (video follows with…

You know, President Obama is such a constructive guy. Why, he's a veritable Mr. Sunshine like Chicago Cubs baseball Hall of Famer Ernie Banks. He hardly ever goes after presidential opponent Mitt Romney with harsh criticism. When he does, it's a "rare swipe." That's what Jim Kuhnhenn at the Associated Press told his readers yesterday in his coverage ("New day, old bickering on taxes between…

Here’s a really scary thought: New York Times columnist Paul Krugman wants to replace Ben Bernanke as the Chairman of the Federal Reserve. The perilously liberal economist actually said this in a segment of CNN’s Fareed Zakaria GPS to be aired Sunday (video follows with transcribed highlights and commentary):

Liberal fascism, anyone?  Add Barney Frank to the list of Thomas Friedman and Ray LaHood who regret that in the United States, that darn Constitution gets in the way of the enlightened class imposing its will on the rest of us benighted peons. Sparring with Mario Bartiromo on CNBC this afternoon, Dem congressman Frank, expressing frustration at his inability to get through legislation he…

No matter how inane or damning his comments and answers to inquiries, it appears that Obama Treasury Secretary Tim Geithner can continue to count on favorable coverage from the Associated Press, aka the Administration's Press, aka the Administration's Protection. The AP's Marcy Gordon, with the help of her story's headline writer, made Geither's appearance before the House Committee on…

The left, including the Obama administration and some in the media, are making anti-capitalist attacks on opponent Mitt Romney’s business career the latest tactic. And the gloves are off. On July 12, Obama’s deputy campaign manager Stephanie Cutter went on the offensive charging Romney could be a criminal: “Either Mitt Romney, through his own words and his own signature, was misrepresenting…