Economy

While looking into the News Media Guild's positions in the current standoff between it and the Associated Press, I came across the most recent contract (large PDF file) between the two. It expired this past November; unionized AP employees are continuing to work under the old contract's provisions. Many people don't know that the AP is a "not-for-profit news cooperative" which is "owned by…

The Associated Press's report on existing home sales carries Derek Kravitz's byline today. Apparently the byline withholding temper tantrum thrown by the wire service's U.S. reporters which began last week has ended (further evidence here). What Kravitz's story doesn't carry is the word "existing." How odd, since the National Association of Realtors (NAR) which produces the report, calls it "…

Bill Maher in the middle of last year's crisis in the Gulf of Mexico wrongly stated on national television that Brazil had gotten off of oil 30 years ago. With great irony, President Obama announced Saturday that he wants America to become a major buyer of - wait for it! - Brazilian oil drilled offshore:

The back and forth between Washington Post syndicated columnist Charles Krauthammer and White House Office of Management and Budget Director Jacob ("Jack") Lew continues. Thus far, Krauthammer has won both rounds, including his punch-out on Thursday. It all started on February 21, when Lew issued a "rebuttal" to a USA Today editorial which called for near-term action to deal with Social…

Most readers here aren't aware that Associated Press reporters began withholding their bylines this week in support of their union's "quality journalism proposals." Participating reporters are refusing to have their name placed on AP stories. It appears to apply to stories datelined in the U.S. and not overseas (as seen here). It is truly a wonder that the world has gone on while AP reporters…

It really is amazing that anybody takes New York Times columnist Paul Krugman seriously. Consider the following factual misrepresentations in what he wrote Friday:

An 8.9 magnitude earthquake hit Japan March 11 and the ensuing Tsunami wave delivered a devastating blow to the people, resources and economy of the U.S. ally. At this writing, a nuclear power plant there is on the verge of meltdown. As can be expected, it took a few days for the world and the American media to comprehend the complexity and gravity of the situation. But two things were very…

In about a month, the Republican majority on the House Budget Committee will present its concurrent budget resolution for fiscal year 2012, which by law will include their proposed 2012 annual budget and their projection of the budgets (spending, revenues and the resulting deficit, surplus or balance) for the following nine years. It may not be overstatement to assert that this presentation…

The New York Times versus state spending cuts. Reporter Sabrina Tavernise went to the downtrodden town of Gallipollis, Ohio, and collected a grab bag of sympathetic liberal anecdotes about government workers threatened by a bill that would restrict public-sector unions, for Wednesday’s “Ohio Town Sees Public Job As Only Route To Middle Class.” Tavernise focused solely on the plight of low-…

NPR's Michele Norris expressed the liberal skepticism of any tax incentive to spur job growth on Tuesday's All Things Considered during an interview of Intel CEO Paul Otellini. Otellini proposed a tax holiday for any company that built a new factory in the U.S. Norris replied, "Can this country afford that right now?" The host asked the CEO about job creation near the end of her interview.…

No one can fairly accuse whoever wrote the Tuesday evening report on 2010 newspaper industry revenue of looking through rose-colored glasses. The same cannot be said of John F. Sturm, President and CEO of the Newspaper Association of America, whose press release today reads as follows: Quarter after quarter, newspaper advertising has shown signs of a continued turnaround and an essential…

You begin to get an idea of how poorly served the news-consuming public is by the Associated Press when you compare its "reporting" on Obama czar Elizabeth Warren's appearance tomorrow before the House Financial Services Committee to an information-packed editorial -- yes, an editorial -- in the Wall Street Journal this morning. You can read all of the over 750 words in the unbylined AP…

Why is it that despite the Republicans' resounding electoral victory in 2010 based on their promises for real change, many of us have a queasy feeling they're not quite measuring up to the task, even in the climate of Democratic infighting and President Obama's weaknesses? The Hill reports that there is developing dissension between Obama and Senate Democrats, whose respective "political…

CNBC's Lawrence Kudlow on Friday made a stock market comment about the earthquake and resulting tsunamis in Japan that have liberal media members hyperventilating. Before we get to the response, here's what Kudlow said (video follows with partial transcript and commentary):