Economy

Appearing as a guest on Thursday's CNN Newsroom with Brooke Baldwin, PBS host Tavis Smiley claimed that GOP candidates Donald Trump and Ted Cruz are "running segregated campaigns" as he asserted that they are "not campaigning to my community." After repeating his claim that Trump has been a "racial arsonist," he declared that the Republican Party has been "self-sabotaging," and additionally…

Perhaps this is why the press has been reluctant to cite economists who are predicting that sharp increases in state minimum wages like the $15-per-hour minimums just passed in California and New York will reduce employment: They're with many of their lefty brethren who don't care whether jobs are lost. So they must believe that no one else should care either. At the Washington Post's WonkBlog…

The Associated Press, the nation's de facto business news gatekeeper for those who don't follow the economy or the markets closely, is telling America that the U.S. job market is fine, and ignoring the dismal results seen in weekly pay during the past several months. Christopher Rugaber's Friday evening coverage of the government's jobs report earlier in the day described the reported 215,000 in…

New York Times reporter Jackie Calmes got a prominent Sunday front-page spot for a rather humdrum story on economic recovery in a blue-collar Indiana town and why President Obama wasn’t getting the credit he deserved for it. Racism, perhaps? The puzzled headline: “Political Discontent Festers in Indiana Town Despite Jobs Surge.” Online it was more explicit: “Obama Gets Scant Credit in Indiana…

The Associated Press sent its cameramen and reporters out to get the reaction of small business owners to California's just-passed six-year plan to raise the state's minimum wage to $15 an hour. Anyone expecting the AP to find representative responses clearly doesn't understand how the far-left propaganda machine disguised as an objective news service operates. All three business owners…

Call it the golden mean or the vital center, Mother Jones blogger Drum is for it with regard to economic systems. Drum contended in a Tuesday post that “the mixed economy is the only way to run a modern country” since the other choices, a “pure free market” and “socialism,” have unacceptable consequences.

In covering Thursday morning's report from the Department of Labor on initial unemployment claims, one of a relatively few economic reports showing strength these days, Associated Press reporter Scott Boak spread his enthusiasm over the result to the entire economy. It wasn't justified. It's as if the poor guy has missed most of the pertinent other economic news during the past week, most of…

A Los Angeles Times story by Liam Dillon and Patrick McGreevy hailed the "historic" increase in the state-mandated minimum wage to $15 an hour. Apparently giddy with excitement, the pair also unwisely told readers that many public-sector employees who earn far more will be receiving big raises as a result of the legislation with having to bother negotiating with the government entities involved…

Nobody could have seen this coming. That's sarcasm, folks. Everyone but those who somehow thought that hope would somehow triumph over experience in the kinds of patients who would utilize Obamacare saw this coming. CNN Money Senior Writer Tami Luhby is reporting, with some apparent surprise, that "Obamacare patients are sicker and pricier than expected" (bolds are mine; HT Twitchy):

Mark Zandi, Moody's chief economist, comments monthly on the ADP private-sector employment report his firm compiles. He is "often quoted in national and global publications and interviewed by major news media outlets, and is a frequent guest on CNBC, NPR, Meet the Press, CNN, and various other national networks and news programs." Zandi has also been the economy's head cheerleader during much of…

“I’ve made up my mind -- don’t confuse me with the facts” could be Republicans’ unofficial motto when it comes to Obamacare, suggested New York magazine’s Jonathan Chait in a Tuesday post concerning decreased growth in health-care costs. Chait asserted that “some aspects of the lower health-care-inflation rate can be clearly tied to Obamacare reforms,” though he allowed that “it’s impossible to…

It's so predictable. Whenever a government or leader follows the left's playbook and the results "uexpectedly" don't turn out to be anywhere near what was desired, it isn't the policies' or the leader's fault. No-no-no. During the Mayor David Dinkins era in New York City, it was because Gotham had become ungovernable by any human being – until Rudy Giuliani took over. During the Carter Era, the…

This sentence actually appeared at the web site of the San Jose Mercury News Monday afternoon regarding California's Democratic Governor Jerry Brown: "In his 2016 budget plan, the notoriously frugal governor warned that a $15 minimum wage would cost the state about $4 billion a year and risk plunging it back into the red." Yesterday, Governor Brown "sudden(ly) embraced" the $15 minimum wage. At…

In a variation on a popular saying in real estate — "The three most important factors are location, location and location" — the State of Connecticut, since Democrat Dannel Malloy became Governor five years ago, has employed three strategies to balance its budget: raising taxes, raising taxes, and raising taxes. The Nutmeg State's next planned round of tax increases includes a proposal pushed by…