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Matt Lauer's Worst Moments of Wealth Hypocrisy
On Wednesday, the New York Post reported that in addition to Matt Lauer's $20 million annual salary, NBC News recently agreed to start flying the Today co-host back and forth from work to his lavish estate in the Hamptons. Such details of Lauer's one percent lifestyle stand in stark contrast to the common-man image he projects on the morning show.
In fact, Lauer has frequently used his media…
Reihan Salam: Mitt Should Run in 2016, And ‘Let Romney Be Romney
If reform-conservative pundit Reihan Salam gets his way, Mitt Romney will join Ronald Reagan on the list of Republican governors of coastal states who were elected president of the United States on their third try. In a Friday column for Slate, Salam wrote that he’s “delighted” about “speculation” that Romney “is at least considering another presidential run.”
Salam argued that if Romney does…
As CBO Reduces Its Growth Projection, AP Still Gives Cred to Obama Adm
In a Wednesday report on the Congressional Budget Office's downward revision of this year's predicted gross domestic product growth to a dismal 1.5 percent, the Associated Press's Andrew Taylor acted as if the Obama administration's prediction of 2.6 percent still has a realistic chance of occurring.
While one never wants to absolutely say never, the administration's higher prediction would…
ABC Heralds $3.43-A-Gallon Gas, Forget Prices Spiked Under Obama
The news media think that because gas prices have fallen to an average of $3.43-a-gallon there is room to rejoice, even as the record streak of gas prices above $3-a-gallon continues. By Labor Day that record will stand at 1,349 days.
ABC’s “Good Morning America” praised the “nice surprise” of lower gas prices on Aug. 26, just in time for Labor Day weekend.
CBS Hits Warren Buffett From Left Over Burger King Deal: ‘Capitalist
Ever since fast food chain Burger King announced its desire to purchase Canadian coffee and doughnut chain Tim Hortons, CBS has done its best to play up the supposed backlash the company will face as it moves its headquarters overseas to lower its tax burden.
On Wednesday morning, following the news that billionaire investor Warren Buffett is helping finance the merger, CBS This Morning made…
Howler of the Night From Politico: Charlie Crist As a Former 'Rock-Rib
Former Florida Republican Governor Charlie won the state's Democratic gubernatorial primary tonight.
In his writeup on Crist's defeat of an overmatched challenger, the Politico's James Hohmann wrote that "Only four years ago Crist was a governor who had run for office as a rock-ribbed conservative." That wording is a bit too clever. One might argue that Hohmann is merely claiming that Crist…
Jonathan Chait: Paul Ryan Dumps Ayn Rand in Favor of Other ‘Crackpot
Don’t look now, but there may be a Paul Ryan scandal, or at least a scandalette, and in this context New York magazine blogger Jonathan Chait is both Woodward and Bernstein. In a Monday post, Chait related that Ryan, in the newsmagazine The Week, had named his “six favorite books about economics and democracy,” and that the “huge omission” from the list was Ayn Rand’s Atlas Shrugged, which…
CNN's Costello Lauds 'Very Smart' Burger King Merger; 'Depressed' Cong
On Tuesday's CNN Newsroom, Carol Costello refreshingly complimented Burger King's planned merger with Canadian restaurant chain Tim Hortons as a "very smart business move" that will "save the company money." Costello turned to CNN correspondent Christine Romans, who spotlighted how "corporate taxes are lower in Canada than they are in the U.S.," and that "the stock is up because everyone on…
CBS Plays Up Backlash Against Burger King’s Move To Canada: ‘Some
For the second day in a row, CBS did its best to hype opposition to fast food chain Burger King after it announced plans to purchase Canadian coffee and doughnut chain Tim Hortons and relocate to Canada to lower its tax burden.
On Tuesday, CBS This Morning fill-in anchor Anthony Mason introduced a segment by boosting how “Main street and some in Washington are fuming about the fast food…
Fantasy at AP: Housing Has Had a 'Steady Rebound' Since the Recession
Someone must have slipped the wrong data to the Associated Press's Josh Boak yesterday before he composed his dispatch on the Census Bureau's latest report on new home sales.
Boak got the current month's news right, though likely by accident (like almost everyone else in the business press, he relies on seasonally adjusted figures, and rarely goes to the unadjusted data), telling readers that…
Reporting Burger King Merger Plans, CBS's Mason Notes Obama Opposition
Tonight's CBS Evening News spent 63 seconds on the Burger King fast-food chain's plan to merge with Canadian donut chain Tim Hortons, a move which would also relocate the new company to Ontario, Canada, for "substantial tax savings" where the corporate tax rate is much more favorable for business (15 percent) than the present federal corporate rate (35 percent).
But while business…
Daily Beast Slams 'Benedict Arnold' Burger King for Planned 'Inversion
"Patriotism may be the last refuge of a scoundrel, as Samuel Johnson put it, but a lack of it may be the last refuge of corporate executives who have run out of ideas on how to improve their business," groused Daily Beast global finance editor Daniel Gross in the open of his 9-paragraph screed "Burger King Plots Canadian Invasion to Save His Faltering Kingdom." "It’s one thing for a fairly…
AP's Matthew Brown Gives 600-Word Story to 'About Ten Demonstrators' a
The Associated Press's Top Business News page lists the headlines and opening passages of what the wire service believes are the ten most important business stories at the moment. Its 9:16 a.m. version had a story entitled "JACKSON HOLE DEMONSTRATORS RALLY AGAINST RATE HIKE" listed fifth. Earlier in the morning it was fourth.
Surely, I thought to myself, this must be about a group of at least…
The New York Times Has Zero Idea How the Internet Works - Or Is Lying
It takes a special man to cram so much wrong into a mere 342 words. Or an Old Grey Lady.
The New York Times’ utterly ridiculous Editorial Board recently as one addressed Title II Internet regulatory Reclassification and Network Neutrality - and they did so in utterly ridiculous fashion.
They either have absolutely no idea what any of this is - or they are lying through their printing…
