Economy

An outraged electorate has just handed Japan's ruling party its hat in elections for half of the seats in the upper house of that country's parliament in a direct reversal of election results from a year ago. Opposition parties made major gains. The results constitute a resounding rejection of a massive value-added tax increase proposed by a guy whose immediate predecessor of the same party…

Leave it to Dylan Ratigan, one of the star personalities at MSNBC who seems to be constantly looking for a reason to be angry. On his July 12 show, Ratigan posed his view on how trade between China and the United States operates. According to Ratigan, importing products where labor costs are significantly lower is akin to slavery. He specifically named Foxconn, a company that manufactures…

The financial regulations package recently passed by the House of Representatives would create a new diversity overseer at each of the major federal financial regulatory agencies, including the new ones created by the legislation itself. This new office, called the Office of Minority and Women Inclusion, would take over from any existing diversity or civil rights office already working at…

After pushing manmade global warming for years, the folks at Newsweek appear to be cooling on the idea.Prominently placed at the front page of the magazine's website Monday was a large, overhead picture of what appeared to be a golf fairway or park with the following headline in green:A Green Retreat: Why the Environment is No Longer a Surefire Political WinnerEven more surprising was the…

Channeling her inner Nancy Pelosi, Rachel Maddow on Sunday actually said extending unemployment benefits is "the most stimulative thing you can do" to help the ailing economy.Appearing on the panel discussion of NBC's "Meet the Press," Maddow boldly presented a liberal view of economics that only the current House Speaker would be proud of."I think that most Americans also, though, understand the…

I was quite surprised to see the difference in tone between two different Associated Press reports on retail sales Thursday. The earlier article, unbylined and time-stamped at 10:43 a.m. at MSNBC (HT Hot Air), has the headline "Nation’s retailers post tepid June sales" and this subheadline: "Concerns about back-to-school shopping, health of recovery." It is decidedly downbeat. The later AP item…

On Friday's Rick's List, CNN's Rick Sanchez attacked conservative economic policy, singling out the right's support for lower tax rates, and complained that "we in America are so easily led to go against our own interests.... you would find that at least half...[are] pulling for the rich guy." Sanchez also belittled conservative talk show hosts: "Many...don't even have a college degree" […

When it comes to picking a moderator for a game of ¿Quien Es Mas Macho?, somehow John Harwood doesn't spring to mind.  But there was CNBC's chief Washington correspondent on The Ed Show this evening, twice accusing Pres. Obama's businessmen critics of "whining," and instructing them to "man up."Schultz set the stage, playing a clip of Mort Zuckerman describing Obama's White House as "the most…

Appearing on MSNBC's "Morning Joe," publisher Mort Zuckerman called the Obama administration out for being "without a doubt the most hostile administration to business and to the role of business that we've had in decades."Panel members Mika Brzezinski and John Heilmann seemed shocked at the severity of the criticism, however."Where is the hostility?" John Heilmann, columnist for New York…

The Associated Press gave voice to a Repuiblican Congressman today to bemoan what he sees as "poisonous 'demagoguery'" from the usual suspects, including, by the AP's own account, Sarah Palin and Glenn Beck.Rep. Bob Inglis, R-S.C., who lost in a primary for the GOP nomination last month, went so far as to claim that heated political rhetoric is "dividing the country into partisan camps that…

While some on the left side of the aisle in Congress are getting all starry-eyed about prospects of more federal stimulus spending, the first round of stimulus under President Barack Obama may have done even less to help the ailing economy than supporters claim. On MSNBC's July 9 broadcast of "The Daily Rundown," co-hosts Chuck Todd and Savannah Guthrie interviewed CNBC "Closing Bell" anchor…

The next time you want to gauge how bad the economy is, don't check the unemployment rate or the stock market. Instead, look to see if anyone is dressed as a cow at the local Chick-fil-A. Time Magazine posted a somewhat lighthearted hodgepodge of "Top 10 Signs of a Troubled Economy and/or the Apocalypse" on its website on July 9. Surprisingly, at the number one spot ("New Yorkers are…

On Wednesday, the Congressional Budget Office released its Monthly Budget Review for June. It estimated that June's deficit was "only" $69 billion, down from $94 billion last year, and that the deficit through nine months of the current fiscal year is $1.005 trillion, down from last year's $1.087 trillion. June's single-month improvement -- or more properly stated, its less disastrous result --…

The time-temp clock down at the bus station here read 104 degrees this afternoon. We can't offer readers cooler weather, but perhaps they'll settle for some comic relief . . . On his MSNBC show this evening, Ed Schultz warned that unless the US pays out more in welfare, we risk becoming a "Third-World country."  Schultz said it twice, so apparently it wasn't a bizarre one-time brain camp. Ed's on…