Economy

This morning (at NewsBusters; at BizzyBlog), I noted that Friday afternoon's coverage of the government's jobs report at the Associated Press by economics writers Christopher Rugaber and Josh Boak carried predictions of "nearly 3 percent" economic growth this year. Those predictions ignore how difficult achieving that will be after the first quarter's miserable 0.1 percent annualized result and…

In a Friday afternoon dispatch issued in the wake of the government's jobs report earlier that day, Christopher Rugaber and Josh Boak at the Associated Press wrote that "most economists ... forecast a strong rebound in economic growth - to a 3.5 percent annual rate in the current April-June quarter. And growth should reach nearly 3 percent for the full year, up from 1.9 percent in 2013, they…

In June 2006, the New York Times, over strident pleas not to from the Bush 43 administration, published details of how counterterrorism officials were "tracing transactions of people suspected of having ties to Al Qaeda by reviewing records from the nerve center of the global banking industry." According to the administration, the program had "helped in the capture of the most wanted Qaeda…

On the Wednesday, April 30, Hardball with Chris Matthews, guest and MSNBC political analyst Howard Fineman -- formerly of Newsweek -- mocked Wisconsin Republican Rep. Paul Ryan's intent to visit impoverished areas as a plan to "introduce himself to the bro," and went on to complain that Ryan's budget "whacks away at" programs to help the poor.

There are so many things to mock about General Electric Vox from the fact that there is almost no Vox Populi (i.e. reader's comments) in Vox except for a narcissistic story celebrating itself after just three weeks on the web to Sarah Kliff reporting today with a straight face about how the White House considers that rising health care spending means ObamaCare is working. Perhaps the most…

General Electric CEO Jeffrey Immelt has made nice with President Barack Obama on several occasions. Among other things, he chaired the President's Council on Jobs and Competitiveness, which met a grand total of four times in 2011 and 2012 before it was unceremoniously allowed to expire a year later. He fully expected that his company would benefit from its involvement in green energy and its…

On Tuesday April 29, the Supreme Court ruled in a 6-2 decision that the Environmental Protection Agency has the authority to regulate air pollution from power plants that cross state lines yet NBC and ABC failed to cover the story. Despite the unprecedented ruling by the court, only CBS bothered to cover it, with Scott Pelley giving it a mere 22 seconds on the CBS Evening News on Tuesday…

Yesterday the Toyota Motor Corporation announced it would move its U.S. headquarters from Torrance, California, to Plano, Texas. Closing his report on the development, Tim Reid of Reuters noted the reaction of a Torrance business owner who doubtless counts many Toyota employees as loyal customers. "The taxes are lower in Texas. There are fewer regulations. It's cheaper for a company there. Why…

At the Associated Press, aka the Administration's Press, Martin Crutsinger has pretty much proven that he's been on some kind of workout regimen. If he wasn't, he couldn't possibly have carried so much Obama administration water in his 1:45 p.m. report on the state of the economy (saved here for future reference, fair use and discussion purposes) as he did. Crutsinger's message: Pay no…

The National Employment Law Project claims that it is dedicated to "working to restore the promise of economic opportunity in the 21st century economy." That sounds promising, but one look at NELP's directors and the supposed "solutions" the group and its friends advocate — e.g., higher minimum wage, "uphold the freedom to join a union." etc. It's clear that NELP is just another lefty advocacy…

The Associated Press's lengthy Monday evening treatment of Toyota's decision to move its U.S. headquarters and consolidate many of its North American operations in Metro Dallas is reasonably good in spots. But Gillian Flaccus and Michael R. Blood were unduly selective in reporting Torrance, California Mayor Frank Scotto's reaction to the news that his town would be losing several thousand jobs…

At the Associated Press today, economics writer Christopher Rugaber was a bit subdued, even when presented with nominally favorable news. He wrote that the March rise in the National Association of Realtors' pending home sales index of 3.4 percent, the first gain in nine months, was "a sign that the housing market might pick up after a sluggish start to the year." Rugaber's relative…

Earlier today, Pope Francis tweeted from his English-language account, "Inequality is the root of social evil." Not long afterwards, the Daily Beast shouted out its Amen by placing the development at the top of its Tip Sheet digest, complete with the cheeky caption "Occupy Vatican." [see screen captures below page break] Naturally, however, the Beast completely ignored statements the pontiff…

Norah O'Donnell pursued Texas Governor Rick Perry on Thursday's CBS This Morning over the controversial land dispute between Nevada rancher Cliven Bundy and the federal government. O'Donnell asked Perry, "What do you make of this standoff? What do you think of Clive Bundy? Do you think what he's done was a good thing?" When the Republican politician replied that Bundy is a "side story," and…