Economy

When your fellow journalists won't report the news, you get tripped up when you try to do your job. That's the likely takeaway from Martin Crutsinger's report on the government's May Monthly Treasury Statement yesterday at the Associated Press. The AP, like most establishment press outlets, has virtually if not completely ignored an inconvenient and alarming Obamacare-related statement in a…

According to an article last Sunday in the online magazine Salon, there's a new intellectual dynamic duo in town: French economist Thomas Piketty and American astrophysicist Neil deGrasse Tyson, who've become media superstars almost simultaneously over the past few months thanks to Piketty's book "Capital in the Twenty-First Century" and Tyson's TV series "Cosmos." Writer Paul Rosenberg…

At the Associated Press yesterday, Christopher Rugaber's writeup on the latest economic growth projections of the National Association of Business Economists (NABE) contained several glaring weaknesses. Take the headline (quite possibly not his doing) and his opening sentence. The headline, "SURVEY: GROWTH TO PICK UP, HIRING STEADY," seems designed to ensure that those who only look at…

ABC's Diane Sawyer missed a prime opportunity to try to pin down former Secretary of State Hillary Clinton on a major economic issue -- whether or not to approve the Keystone XL pipeline -- CNBC senior contributor Larry Kudlow noted in an interview with Brian Wilson and Larry O'Connor on WMAL radio's June 10 edition of Mornings on the Mall. [listen to the full interview by clicking play on the…

Liberals have long been used to dominating the narrative in news coverage of wage and poverty-related issues. The liberal perspective, in terms of what policies best represent the interests of  workers and the economy as a whole, sometimes goes entirely unchallenged. A welcome exception to the rule occurred during the June 2 edition of Noticiero Univisión, however, when correspondent Liliana…

In a brief on Tuesday's NBC Today, news anchor Natalie Morales portrayed a minimum wage hike in Seattle as the first step toward a nationwide increase: "Well, with talks across the country ongoing about boosting the minimum wage, workers in Seattle are soon going to be seeing a big boost....The Seattle city council passed an ordinance Monday that bumps the minimum wage up to $15 an hour. That's…

A month ago, I noted that the establishment press has ignored an especially pernicious program undertaken by Eric Holder's Department of Justice and the Obama administration's regulatory apparatus, namely Operation Choke Point. On Thursday, a strong 321-87 bipartisan majority of the House passed H.R. 4660, the "Commerce, Justice, Science, and Related Agencies Appropriations Act (of) 2015."…

CNN’s Jake Tapper interviewed Environmental Protection Agency Administrator Gina McCarthy on his The Lead with Jake Tapper program on Monday, June 2 and used the opportunity to hit the Obama official over new regulations aimed at reducing CO2 emissions by 30 percent by the year 2030.  Throughout the discussion, Tapper grilled McCarthy over the lack of Democratic support for the new…

After investing so much emotional energy in the idea that the weather-impaired contracting U.S. economy of the first quarter is going to give way to a super-duper awesome second quarter and strong rest of the year, it was foolish to think that Martin Crutsinger at the Associated Press, aka the Administration's Press, would backtrack after just one contradictory report on consumer spending,…

On the May 29 edition of the Fox News Channel’s O’Reilly Factor, anchor Bill O’Reilly and colleague Kelly Megyn of FNC’s Kelly File, argued about how conservatives and Republicans should take on the Left’s spin about “income inequality” in American society today. While Kelly argued that income inequality has objectively gotten worse and is a valid issue that needs to be confronted by…

In an apparent attempt to reach those who usually don't pay much attention to the economy, USA Today sent out a tweet Thursday afternoon in the wake of the government's report earlier in the day that the U.S. economy contracted by an annualized 1.0 percent — on its weather feed. The tweet (HT Zero Hedge), plus evidence that the economy has somehow managed to "weather" previous cold and stormy…

America suffered an economic setback in the first quarter of the year as the GDP for Obama’s economy was revised downward Thursday morning to a negative one percent, yet neither ABC’s World News nor the NBC Nightly News considered it newsworthy. Meanwhile, the CBS Evening News spun the bad news into a positive. Reporter Anthony Mason insisted “it sets the economy up for rebound this quarter…

Last month, CNN reported that the U.S. Bureau of Economic Analysis measured a decrease in the rate of growth of U.S. gross domestic product (GDP) to the tune of 0.1 percent. But relax, they insisted, it was merely due to the “winter weather effect.” Fast forward to today and the Bureau’s downward revision of GDP growth. The feds now tell us the economy contracted one percent in the first…

BELFAST, Northern Ireland -- In the 1970s, while working as a low-paid cub reporter in Houston, Texas, I always looked forward to the annual Christmas catalogs from Neiman-Marcus and Sakowitz, a local luxury department store. Both contained outrageously expensive things that only the super-rich could afford -- his and hers Thunderbirds stick in my memory. My wife and I couldn't wait to thumb…