Economy

What do you call the CEO of a company that has grossly overvalued stock, a new government probe into its signature product's spotty safety record, and, most importantly whose very financial existence would be questionable at best were it not for government handouts? If you're Fortune magazine, you call him Businessperson of the Year, and that would be Tesla Motor Company CEO Elon Musk. Here's…

In a mild surprise, the Associated Press, aka the Administration's Press, hasn't totally ignored John Crudele's Monday evening blockbuster story at the New York Post about how fabricated Census Bureau information fed a pretty clearly cooked September 2012 Employment Situation report. But the wire service's Sam Hananel ruined the surprise by spending five terse paragraphs making sure that…

On CNN’s The Lead with Jake Tapper today, Tapper reported on a woman who’s very happy with the way ObamaCare is working: TAPPER: That's not a yes. Park is still working on fixes, but Tony Trenkle, the chief information officer for the Centers for Medicare and Medicaid, which is running the site, resigned. The Web site does have some satisfied customers out there, such as Flora Brewer of Fort…

The news media worried a lot about how awful the government shutdown would be and estimated it would take a huge toll on the economy as well. Now it looks like they were wrong about the size of the damage. The networks touted a recent Standard & Poor’s (S&P) estimate that the shutdown would cost $24 billion. That figure was mentioned on the networks five times from Oct. 17 to Oct. 24. …

Even though government operational outlays didn't really go down at all in fiscal 2013 compared to fiscal 2012, several government agencies ended up raiding slush funds (my term) to get through sequestration, the tiny reductions in previously increased projected spending which took effect during the second half of the fiscal year. This evening at the Associated Press, aka the Administration's…

Sam Stein, who poses as a journalist while toiling at the Huffington Post (he lost any legitimate claim to the title when he wouldn't back away when caught red-handed pretending to know something he couldn't possibly know about John McCain's vetting or lack thereof of Sarah Palin in September 2008), wrote on Thursday (HT Hot Air) that "The Obama administration is considering a fix to the…

Women's participation in the workforce is at a new Obama-term low -- 56.9 percent -- according to the October unemployment report released by the Bureau of Labor Statistics (BLS) today. What's more, Ali Meyer of NewsBusters sister site CNSNews.com noted today, "the number of women holding jobs declined by 357,000 from September to October, and the unemployment rate increased for women from 6.7…

You would think that economic forecasters, who have been obsessing over the impact on economic growth of October's 17 percent partial government shutdown might have noticed that a lot of people have all of a sudden learned that they're about to experience a major cut in their take-home pay. You would be wrong. Hundreds of thousands of Americans had received health insurance cancellation…

The New York Times has been notoriously biased and wrong for a long, long time.  On things large and small.  The Old Shady Lady is at least consistent - if they want to advance Leftism, no facts shall impede them. Their Ron Nixon is part of a century-plus-old pathetic tradition.

The Associated Press has published a great but disturbing story. Given the frequent and deserved grief yours truly administers when the wire service lets its readers, listeners, viewers, and subscribing news organizations down, it seems only fair to acknowledge fine work when it does occur. The real question is, in the politically charged U.S. health care environment, whether the AP's…

After NBC warned viewers that the partial government shutdown that ended weeks ago may be "the Grinch that stole Christmas," on Tuesday's Today, correspondent Stephanie Gosk fretted that Thanksgiving would be ruined as well: "Macy's, the company that sponsors the Thanksgiving Day Parade, will open its doors on the holiday for the first time in 155 years....But there is a risk, the identity of one…

To a liberal, what's worse than smoking crack?  Opposing higher taxes!  Admission: I'm libertarian when it comes to drug laws. I believe the War on Drugs has been a big bust, excuse the pun, just like Prohibition was.   That said, I still found hilarious Chris Hayes' statement on his MSNBC show tonight, commenting on the admission by Toronto Mayor Rob Ford that he had smoked crack cocaine,…

The Venezuelan government of Nicolas Maduro has put the country back into the expropriration business, seizing two oil rigs owned by Houston-based Superior Energy Services. Two different Friday headlines at Associated Press stories about the seizures, one at the AP's national site and the other at the Washington Post, appeared designed more to mislead than to inform.

Striking the Northeast on Oct. 29, 2012, Hurricane Sandy tragically devastated communities causing an estimated $50 billion in damages. By the end of January 2013, a relief bill was passed for Sandy aid, after the bill was delayed because of wasteful spending. House Republicans opposed a pork-ridden $60 billion Senate bill ($10 billion higher than damage estimates) and chose not to vote on it…