Economy

A friend of mine and I separately received an email from the Department of Labor yesterday which made both of us to ask the same question: Why would anyone want to start up or expand a business and hire employees in the current hostile atmosphere? DOL's release, positioned as part of its celebration of the 75th anniversary of the Fair Labor Standards Act, announces a contest which it calls…

A series of reports at the Associated Press following Texas Gov. Rick Perry's announcement that he would not seek another term can only be explained if their purpose is to poison his possible 2016 presidential aspirations. In doing so, the AP is from all appearances firing the opening shots in a campaign to duplicate the establishment press's tragically successful efforts to marginalize Perry and…

The July 9 broadcast of Now with Alex Wagner wouldn’t be complete without a panel discussing Texas State Senator Wendy Davis – and the abortion battle in Texas. Yet, it reached a new level with New York Times op-ed contributor Beth Matusoff Merfish declaring that she was “proud” her mother underwent an abortion since “she had the wisdom and the courage to know that her own potential would be…

The flaming water faucet shown in the anti-natural gas drilling film “Gasland,” has become the first thing many people think of when they hear of gas drilling, or “fracking.” But that claim turned out to be completely wrong. Investigators determined that Colorado water well had been drilled into a pocket of methane and had nothing to do with fracking. Josh Fox’s follow up, “GasLand II” debuted…

In a Sunday morning story which will likely have limited reach, and will then probably be considered old news by the time the business week resumes tomorrow, the Associated Press, aka the Administration's Press, finally got around to recognizing a trend on which yours truly and others have been commenting for at least 2-1/2 years: the surge in employment at temporary help services. That the…

It wasn't a tough prediction, but late Friday morning Noel Sheppard at NewsBusters noted the seemingly "metaphysical certitude the Obama-loving media will be falling over themselves in the next 48 hours to report the better than expected jobs numbers in June." Well, of course. Noel also wondered how much attention the press would pay to less than desirable aspects of yesterday's jobs report…

It seems a metaphysical certitude the Obama-loving media will be falling over themselves in the next 48 hours to report the better than expected jobs numbers in June. But will they expose the poor quality of those jobs, or just stick with the headline number?

How does a multi-millionaire plutocrat earn good press from the New York Times? Apparently, espousing some of the far-Left's most radical economic theories is a good start. This morning's paper (B-1) carries an adoring profile of Warren Mosler, who reporter Annie Lowrey brands as a "card-carrying member of the 1 percent....But his prescriptions for economic policy make him sound like a…

I suspect that a number of people are tired of the establishment press telling us how so many economic reports have "best in" or best since (specific month in) 2008 (or 2007)" figures, especially the ones that still don't reflect what anyone would consider acceptable in normal economic times. Just a few examples include housing starts, housing permits, new home sales, existing home sales,…

Well, it’s Washington Post official: the sequestration wasn’t all that bad after all.  In fact, you could classify it as a dud, according to none other than Ezra Klein, a favored pet pundit of many a liberal MSNBC panel. In a June 30 item at his Wonkblog, Klein concluded that the experts were “mostly wrong” concerning the impact of the cuts.  At the same time, conservatives saw from the…

Independence Day is the perfect day to remember that liberal Democrats want Americans to be dependent on government. Nancy Pelosi reminded Americans of that on June 27 with her remarks to the press about the national holiday, where she essentially argued that the Founding Fathers would have loved ObamaCare. “[W]hen we celebrate Independence Day we’ll also be observing health independence.…

The Barack Obama Administration has been on a five-plus-year-long Collect-As-Much-Information-On-Us-As-Possible spree. With Tens of Millions of Phone Records Grabbed – It’s the Government, Stupid ‘Thousands of NSA Analysts Can Listen to Domestic Phone Calls,’ Read Emails, Texts, IMs Latest Big Government Data Grab: Justice Sues to Get It Without a Warrant IRS Tea Party Scandal Shows…

Ozark, Missouri-based children's magician Marty Hahne uses a three-pound rabbit in his magic act. In a development which probably won't become a news story because it makes the government look bad, Hahne has informed blogger Bob McCarty that "I just received an 8 page letter from the USDA, telling me that by July 29 I need to have in place a written disaster plan, detailing all the steps I…

On Sunday, in a report which I contend would surely have been published on a weekday -- and more importantly, published with far greater clarity -- if a Republican or conservative were in the White House, the Associated Press's Paul Wiseman essentially explored the following question: "Why aren't people spending more if they're so much richer?" The answer he found, which should surprise no…