Economy

The folks at Reuters issued a pretty sloppy video yesterday relating to the government's June jobs report. That videos described yesterday's reported jobs gains of 223,000 as "broad-based." That's true only if you think having 222,000 of yeaterday's those seasonally adjusted gains occurring in service industries, while only 1,000 were seen in goods-producing industries, is "broad-based":

All three major broadcast networks covered on their Thursday evening newscasts the June 2015 jobs report, but it was ABC’s World News Tonight that neglected provide any further details and/or context beyond the unemployment rate and number of jobs added and omitted how hourly wages remained flat and the labor force participation rate sunk to its lowest level in 38 years. While CBS and NBC…

As he appeared on Thursday's New Day, liberal CNN political commentator and Hillary Clinton supporter Paul Begala hinted that being called a "Bolshevik" communist is resume enhancement for a Democratic presidential primary as he recalled that, what he referred to as the "very moderate Clinton economic team" from the Bill Clinton administration, used to deride Hillary Clinton and her staff as "the…

MSNBC host Chris Hayes devoted a segment during Monday’s All In to commenting on the financial crisis in Greece and chose not to attack the left-wing government or any of the previous governments for their spending habits, but rather laid blame at the feet of “morally monstrous” European banks and others in the Eurozone for grinding “Greece into misery” in “a sadistic exercise in sheer will to…

Tuesday's New Day featured its latest CNN/ORC poll results showing that President Obama's overall approval rating has recently inched up a few points to 50 percent, his highest number in two years, with co-anchor Chris Cuomo touting the results as "the good word" as he introduced correspondent Jim Acosta. For his part, after recounting the finding that President Obama's approval for his handling…

“De indocumentados a empresarios”, es como la conductora del programa matutino Despierta América de Univisión, Satcha Pretto, celebró la implementación de una nueva ley en California que les permite a los inmigrantes no autorizados obtener permisos de trabajo del Departamento del Asuntos del Consumidor.

“From undocumented to entrepreneurs” is how Univision morning host Satcha Pretto celebrated the implementation of a new California law that allows unauthorized immigrants to receive work permits from the state’s Department of Consumer Affairs. 

The current headline at a June 29 New York Times story by Peter Eavis, also appearing on the front page of today's print edition, is "Loads of Debt: A Global Ailment With Few Cures." But the last portion of the story's web address is "... trillions-spent-but-crises-like-greeces-persist.html." That's because the original headline, the one used at the Times's Twitter account — was "Trillions Spent…

On Tuesday, the “Big Three” (ABC, CBS, and NBC) networks all highlighted President Obama’s plan to increase the income threshold for salaried workers who earn overtime pay but only CBS This Morning acknowledged the potential harm such a policy change could have on businesses. 

In their coverage Monday night of the debt crisis in Greece, ABC and NBC refused to label the current Greek government as socialist, far-left, or even left-wing with ABC neglecting to even explain why Greece has found itself in such a precarious position as they stand to possibly default on their billions of dollars in debt and/or leave the Eurozone. In contrast to both networks, the CBS Evening…

The world's financial markets had a terrible Monday. The debt crisis in Greece (population: 11 million) has been dominating the headlines and the press's attention, while serious deterioration in China (population: 1.36 billion) is getting short shrift. It isn't just that the mainland Chinese stock market has broken the bear-market decline threshold of 20 percent in less than three weeks,…

On Monday's CNN Newsroom, anchor Carol Costello talked up the idea that it would be better for Republicans to just accept the recent liberal Supreme Court ruling bolstering same-sex marriage as she hosted a discussion with right-leaning CNN commentator Tara Setmayer and Democratic strategist Chris Kofinis. As Setmayer predicted that different GOP presidential candidates would put forth different…

There's a major opinion gap between white Catholics and Latino Catholics in the U.S. regarding climate change. A recent poll found that by margins of approximately 20 percent, Latino Catholics are likelier than white Catholics to believe that there is such a thing as global warming; that it’s “due to human activity”; and that it “constitutes a crisis or a major problem.” What’s causing this…

There may no better illustration of how much harm the economy has inflicted on the American people during the Obama era than a March 2015 Harris survey commissioned by American Institute of Certified Public Accountants. The AICPA's Thursday press release reported that "a majority of American adults (51 percent) have delayed at least one important life decision in the last year due to financial…