Economy

Today was a fairly brisk day for economic data, as four noteworthy reports were released. One of them contained good news, but with a heavy asterisk. The other three were either not good, period, or came in below expectations. Readers here probably know which one the Associated Press was still carrying at its Top Business Stories page as of 2:39 p.m. Of course, it was the one with good news.

On Monday, the Institute for Supply Management's Manufacturing Index for December came in showing contraction for the second consecutive month, and with a slightly worse reading (48.2 percent, versus 48.6 percent in November; any reading below 50 percent signifiies contraction). These two results followed readings which just slipped over the expansion bar (50.2 and 50.1 percent, respectively) in…

Media bias is hydra-headed in its perniciousness.  It operates on many levels - in many ways.  One of its practitioners’ favorite moves is the terrible headline.  In which they knowingly - or unknowingly - tip their hand on the story at hand.  These heinous headlines can effectively work to sway casual, drive-by media consumers - who don’t go deep into multiple articles to get a more fully-formed…

In his most recent Washington Post column, Fareed Zakaria, who also works at CNN, told readers that "working-class whites" can no longer handle the fact that they're not an "elite group" any more, and that this loss of status explains an alarming increase in suicide in their ranks. Supposedly, these people support Donald Trump because his "Making America Great Again" is about putting them back on…

This week, the Associated Press wrapped up a year of largely pathetic business reporting with three items exemplifying the wire service's habits of data-twisting, sloppiness, and convenient omissions. A deceptive AP post-Christmas story pretended that Christmas-season "spending" was twice as high as anyone else has predicted. A report on pending home sales omitted a concerned comment from a…

In September, President Barack Obama "committed the U.S. to a new blueprint to eliminate poverty and hunger around the world" in a speech at a United Nations "global summit." A review of his speech's transcript indicates that while he acknowledged the ugly reality that "800 million men, women and children are scraping by on less than $1.25 a day," he made no mention of the fact that just three…

Establishment press pundits often wring their hands over how supposedly far to the right the Republican Party and conservatives in general have moved since the presidency of Ronald Reagan, that flaming moderate, to the point of claiming that Reagan would never be accepted by today's "wingnuts." They seem to actually believe this amusing nonsense. In a classic example demonstrating where the real…

With the year winding down and the news cycle slowing (aside from the weather), Wednesday’s CBS This Morning found it proper to reserve 59 seconds for fawning over Hillary Clinton receiving a question on Tuesday from a young boy about equal pay. Spinning it in the on-screen headline as some “pay perspective” from Clinton, fill-in co-host Margaret Brennan started the brief by making clear that the…

After serving as the virtual mouthpiece for the "there is no crisis!" crowd for at least a decade since George W. Bush's attempt to partially privatize Social Security in 2005, someone at the New York Times has finally recognized that there is one — but still won't level with readers about the system's true condition. Eduardo Porter "writes the Economic Scene column" for the Times. Before that…

In his new documentary, Where to Invade Next, Michael Moore jaunts around Europe showcasing what he deems enlightened social and economic policies, including Italy’s lengthy paid vacations, Norway’s treatment of prison inmates, and France’s school-lunch program. New York Times reviewer Stephen Holden observed that Moore’s “examples…are cherry-picked to make American audiences feel envious and…

As I noted in a pre-Christmas post, "The desperation is palpable at the Associated Press, aka the Administration's Press, over how the Christmas shopping season is going." Desperation has clearly descended into outright deception at the wire service, where an unbylined story claims that spending is up 8 percent, but that the source involved "does not include spending by dollar amounts." As will…

While the establishment press lies in wait for Republican and conservative candidates to make some kind of off-color or foolish statement — or one that can be twisted to become one, even if it originally wasn't — it consistently ignores howlers made by leftists and liberals. The list of President Barack Obama's gaffes alone, all totally or almost completely ignored by the press when they were…

In the annual competition between leftist media outlets for the screwiest (or most Scrooge-like) criticism of Christmas traditions, a Huffingon Post item published Thursday morning by Michael McLaughlin (HT Breitbart) was a formidable entry. After the HuffPo reporter's headline noted that "U.S. Christmas Lights Burn More Energy Than Some Nations In A Year," he suggested that "maybe we should…

The detachment from reality of those who actually believe that the recent international climate agreement in Paris is anything but a dangerous and potentially expensive charade has become especially irritating. The goals identified in Paris are obviously unachievable, and have no direct tie-in to reducing "global warming." Convincing evidence of the link between carbon dioxide generation and…