CNBC Guest Host Explains How TARP is Driving Up Oil Prices
Chalk another one up to the law of unintended consequences. Last fall, the media promoted the $700-billion TARP bailout. During the weeks and months leading up to that bailout, they were also on board with cracking down on oil speculators for driving up the price of oil. But now it seems the TARP program is contributing to oil speculation. On Aug. 3, Richard Bernstein, CEO of Richard Bernstein…
Shatner, Greenpeace Team Up on PR Stunt to Boldly Go Where No Green Va
Go green or have your private business robocalled and vandalized. It happened to a computer manufacturer in a Greenpeace publicity stunt earlier this week that included William Shatner. Greenpeace and the Canadian-born actor joined forces against Hewlett-Packard (NYSE:HPQ) and accused the company of "breaking green promises" for not producing products completely free of PVC plastic and…
Headline of the Day: 'Cuba shuts factories, cuts energy to save econom
Life in the Workers' Paradise of Cuba is a bit less than perfect these days. So is the absurd headline that begins an Associated Press story by writer Will Weissert:Oh come on.
Dan Rather Calls for White House to Save Journalism from Financial Har
As if the relationship between the Obama Administration and the news media weren't cozy enough already, former "CBS Evening News" anchor Dan Rather is calling on President Obama to "make recommendations" for the media on how to survive the economic downturn. Rather spoke at the Aspen Institute in Aspen, Colo. on July 28 and addressed challenges to the news industry, which he described as…
Cramer Credits Tech Stock Rally to Immunity from Obama, 'Politburo Chi
CNBC "Mad Money" host Jim Cramer credits lack of government regulation with a recent market jump in technology stocks. The tech-heavy NASDAQ composite (NASDAQ) shot upward 3 percent, from July 8 through July 23, even defying other market indexes that had down days in the same time period. Cramer theorized on his July 23 show that the tech sector during that time period, despite the setback on…
Prominent Dem Businesswoman Backs GOP Gov. Candidate Citing Economic I
She's the nation's first black female billionaire, a co-founder of Black Entertainment Television (BET) whose political contributions skew heavily Democratic, and in 2005 she backed the now outgoing-Democratic Gov.Tim Kaine's bid for office. But now Sheila C. Johnson has crossed the aisle to endorse Republican Bob McDonnell in his bid to be Virginia's chief executive, arguing that he has a better…
AP Report on WH Budget Delay Avoids Details, Buries Predix That 3Q Wil
Noel Sheppard mentioned this Associated Press story by Tom Raum yesterday at NewsBusters (Raum is tagged as the writer at this version of the report).Noel characterized Raum's report as suggesting that "the White House's delay in releasing an update about the budget might be tied to the administration's desire to get controversial bills on healthcare reform and cap and trade passed before…
White House Delays Budget Update, Will Media Smell a Rat
The Associated Press Monday suggested that the White House's delay in releasing an update about the budget might be tied to the administration's desire to get controversial bills on healthcare reform and cap and trade passed before Congress and Americans know just how large the deficit really is.With this currently a featured link at the Drudge Report, and it coming from the leading wire service…
BMI on FoxBiz: News Media Ignore Impact of Health Care Reform on Small
BMI's Julia A. Seymour discussed the media's sparse reporting on health care reform's impact on small businesses July 16 on the Fox Business Network. Anchor Stuart Varney asked, "Is Washington waging war on small business? And is the news media ignoring it?" Seymour told him: Yes, I think in - in many cases they are. If you look at last night's evening news coverage of this health care…
IBD: Individual Private Health Insurance Illegal Under House Bill
This post proves the point, as if it even needs to be proven, that you have to go to the editorial pages of publications like the Wall Street Journal and Investors Business Daily to get your news when leftists are in control of the government.When the topic is statist health care, that's doubly true.IBDeditorials.com got to Page 16 of the House's health care bill, did the investigative work the…
AP's Story on GM's Bankruptcy Exit Defers, Then Understates, ~$100 Bil
If you listened to any top-of-the-hour radio newscast yesterday, you probably heard that General Motors has exited from bankruptcy, with the company promising to really, really do better this time around.You more than likely didn't hear anything about how much government money it has taken to enable GM to survive and reemerge. That's because original story sources like the Associated Press put…
Schultz Shills For Government Motors
This was inevitable. When the Obama administration effectively took over General Motors, Obama-friendly media hacks were going to tout the company's products . . .And so it was that on his MSNBC show this evening, Ed Schultz offered up an unpaid infomercial for GM's new Camaro. Most grotesque was Schultz's boast that the Camaro was outselling the Ford Mustang. Take that, private-sector company…
