Pew's Middle-Class Study Pretends Obama-Era Trend Started in 2000
A Pew Research report published three weeks ago on America’s Shrinking Middle Class presented a fundamentally misleading narrative which the press was only too eager to relay and continues to use, namely that the middle class has been seriously shrinking since the turn of the century. Christopher Rugaber at the Associated Press typified the initial press coverage, writing: "In nearly one-quarter…
CEO Pay Drops, So NYT Complains of ‘Transfer of Wealth’ to White Men
Business
Even when CEO pay drops, liberals whine. The New York Times turned its report on CEO pay into a complaint on inequality and the “large-scale transfer of wealth” it created for rich, white men. Large corporations, according to the Times, are transferring wealth “to a few hundred individuals — most of them men, most of them white.”
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CBS Hosts Swoon In Adoration For Social Justice CEO
During Wednesday's CBS This Morning, the usual slate of hosts -- Charlie Rose, Gayle King, and Norah O'Donnell -- were swooned and captivated by an illustrious billionaire CEO dipping his pen into national politics. No, this businessman is not Donald Trump for once, it was Marc Benioff, CEO of Salesforce, which recently threatened to move its North Carolina offices and assets out of the state…
Top Firms Like Walmart, ExxonMobil Gave $4.8 Billion to Charity in '15
Business
Liberals often decry corporate greed, but a new report showed that the largest corporations donated $4.8 billion in charity. Three of the highest donating firms were typical media targets: Exxon, Walmart and Goldman Sachs.
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CBS’s ‘Person of Interest': Businessmen are Mass Killers
Culture
On a bit of an anti-business rant, the CBS Person of Interest episode “A More Perfect Union” takes a couple of swipes at free enterprise capitalism and evil, greedy businessmen.
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AP's '2-for-1' Hillary and Bill Story Revises Political History
Three offensive elements pervaded the Associated Press's Monday coverage of Hillary Clinton's statement that she will put her husband "in charge of revitalizing the economy." The first was how AP reporters Lisa Lerer and Catherin Lucey decided to resurrect the infamous "2-for-1 offer" then-presidential candidate Bill Clinton campaigned on in 1992 — an especially weak move, given its real-world…
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2012 Bill Clinton Prediction: We'd Feel Good About the Economy by Now
Democratic presidential frontrunner Hillary Clinton believes we're supposed to be impressed by the idea of putting her husband Bill, in the Associated Press's words, "in charge of revitalizing the economy." Yep, the old "2-for-1" offer from the early 1990s is back.
In 1993, President Bill put First Lady Hill in charge of health care. Fortunately, nothing tangible resulted, but we did get an…
At AP, Good Economic News Gets Promoted, Bad News Gets Buried
In mid-April, as I noted in a NewsBusters post, the Associated Press, apparently desperate to find any kind of good economic news that might offset the impact of an awful national industrial production report from the Federal Reserve, cited a positive manufacturing survey from just one state to claim that "goods production in the U.S. could be stabilizing."
Lo and behold, yesterday that same one…
Press Virtually Ignores Wendy's Plan to Install Self-Serve Kiosks
The establishment press has given an open mic to proponents of raising the minimum wage nationally, and has cheered $15-per-hour legislation passed in California and New York earlier this year as "historic."
The silence from those same quarters, e.g., the Associated Press, the New York Times and others, is deafening now that one of the predictions of those who have criticized such sharp…
WashPost Headline Says 'The Economy's Real Drag' Is 'Us'
In case you didn't get the message the first or second time around, the Washington Post wants you to hear it again: Cool your complaints about the weak U.S. economy, because it's your fault.
To be clear, the problem is primarily with the Post's headline — "The economy’s real drag: Us" — than with Robert J. Samuelson's content, which at least gave American consumers credit for having "sobered up…
You’re Hired! How NBC Spent 11 Years Making Trump a Household Name
Business
Donald Trump’s rise as a presidential candidate has prompted many political observers to blame TV outlets for giving him historic amounts of free air time. While it’s true the media have overwhelmingly focused on Trump in their coverage during the current election cycle, there is another media phenomenon at play. NBC has spent more than a decade building his brand as a successful businessman of…
Of Course: Press Blame Long Airport Lines on TSA ‘Budget Cuts’
Almost any time a government agency or program fails to perform, those involved complain that they don't have enough money to properly do their jobs. Unless the matter involves national defense, the press gullibly swallows their contentions.
The Transportation Safety Administration is the latest case in point. Lines at airport security checkpoints are already getting noticeably longer, and we…
Media Fail: Bloomberg News Goes After Contrarian Blog, Beclowns Itself
That the establishment press despises New Media isn't exactly breaking news, but a lesser-known subset of that tension has just become more visible. As usual, an Old Media outlet is the smear merchant, and the New Media site has the upper hand on the truth.
Mainstream business journalists really despise the financial and economics blogs which puncture the insufferable "the economy is just fine"…
Imagine That: 'Anti-Corporate Rhetoric' Affects the Economy
On Thursday, shortly after the government estimated that the economy only grew at an annual rate of 0.5 percent in this year's first quarter, Jeffry Bartash at Marketwatch.com commented on the especially weak performance in nonresidential business investment.
That category subtracted 0.76 points from GDP, the worst result since the second quarter of 2009, during the recession. Bartash,…
