Stop the Presses! Time Magazine Says Private Enterprise is 'Job-Creati
Time magazine’s Barbara Kiviat made a shocking discovery: long lasting jobs are created by the private sector and not the government. The cover story for next week, “The Workforce: Where Will Jobs Come From?” described how government funded stimulus only creates short term demand, but credits private sector innovation as the true long term solution to unemployment. Kiviat got straight to the…
'Mad Money' Cramer: Health Care Passage 'Will Topple the Stock Market
While a vote on health care reform legislation appears to be imminent, should it pass it could have broader economic implications, even if the bill itself won't take effect for some time. As CNBC "Mad Money" host Jim Cramer predicted - if it passes, get ready to see a sell-off on Wall Street. Cramer appeared on CNBC's March 18 "The Kudlow Report," with his former broadcast partner Larry Kudlow.…
Study in Bias: Two Takes on Financial Regs -- Journal vs. NY Times as
It's a topic that would probably make the average individual's eyes glaze over, but will have a profound impact on the economy - for better or worse. The topic - financial regulation reform. With Senate Banking Chairman Sen. Chris Dodd, D-Conn., setting his proposal out for the public, the take away on the reporting from two of the country's major newspapers - The New York Times and Wall…
AP Formally Notes Arrival of a Social Security Tipping Point -- On Sel
The Associated Press's timing couldn't have been better for those who still want to pretend that Social Security is really not in serious trouble. Stephen Ohlemacher's item ("Social Security to start cashing Uncle Sam's IOUs") originally appeared on Sunday, in the midst of most of the major college basketball conference tournament championships, then followed by the evening's announcement of the…
'Chainsaw Pinch': NYT's Chairman Cuts Way to Profitability, Doubles Co
In 2009, according to financial information at nasdaq.com, the New York Times Company's revenues fell by over 17%. The Wall Street Journal reports that the company's full-time employee count shrunk by 1,681, or over 18%. Rumor has it that more layoffs are planned for 2010. Beginning almost a year ago, the company announced corporate salary cuts of 5%, negotiated similar cuts with newspaper guild…
'Sudden Acceleration' Evidence Against Toyota Weakens Under Examinatio
Two reports linked by Instapundit earlier today demonstrate at a macro and micro level how weak the claim that Toyota has deliberately jeopardized consumer safety in connection with "sudden acceleration" complaints may ultimately turn out to be. The macro piece comes from Megan McArdle (pictured at left; "How Real are the Defects in Toyota's Cars?") at her blog at the Atlantic. The magazine's…
WaPo Report on DC-MD-VA January Job Market Betrays Seasonal, Other Ign
Yesterday, Jim Taranto at the Wall Street Journal's indispensable Best of the Web took note of a report by the Washington Post's V. Dion Hayes about the state of the employment market in DC, Maryland, and Virginia, and summarized its findings thusly: So what looks to the Post like good news that looks like bad news is actually bad news that looks like good news. Even that assessment turns out to…
Biden Debunked: Cramer Declares Avoiding Taxes a 'Patriotic Duty
Back during the 2008 presidential campaign, then-Sen. Joe Biden, the Democratic nominee for vice president said it was "patriotic" for people to pay more taxes, in an interview on ABC's "Good Morning America." But what if you don't have to pay more taxes legally? Biden's reasoning was simplistic - that we all need to "jump in, time to be part of the deal, time to help get America out of the rut…
Michael Moore: CNBC's Rick Santelli 'Classist, Bigotist
Left-wing filmmaker Michael Moore and CNBC's Rick Santelli couldn't be more philosophically opposite. Style of argument differs too: Michael Moore assumes the worst in people that oppose his view. In a March 12 appearance on WNYC 93.9 FM/820 AM's "The Brian Lehrer Show," Moore was asked to react to Rick Santelli's February 2009 call for action against the Obama administration proposal to offer a…
CNBC's Rick Santelli Blasts Financial Reform Proposals for Excluding F
Back on Christmas Eve of 2009, Obama's Treasury Dept. said it would lift the limits on what the federal government could provide in "emergency aid" to Fannie Mae and Freddie Mac - without seeking Congressional permission. Very few reporters noticed, except for The Washington Post's Zachary Goldfarb who reported the story on Christmas Day and CNBC CME Group reporter and tea party inspiration…
MSNBC's Hall Showcases State Legislator Who Wants to Ban Salt in Resta
Is it "crossing the line" to ban salt from use in restaurant kitchens? That's what MSNBC's Tamron Hall asked of her viewers shortly before 3 p.m. on March 11. To discuss the issue, she interviewed New York State Assemblyman Felix Ortiz (D) on his proposed legislation calling for a ban of salt use in Empire State restaurant kitchens. Each violation would carry a $1,000 fine.Hall failed to balance…
NRO's Media Blog Notes 'Textbook Case in Media Bias' in WaPo Virginia
The sour economy has forced many Americans to tighten belts, and everyday Americans expect the same from their government. But that's practically unconscionable to the Washington Post as witnessed by its March 10 article, "Va.budget plan would shrink general spending to 2006 levels."* Here's how Post staffers Rosalind Helderman and Fredrick Kunkle launched into their lament of the pending budget…
CNN's Harris Makes Liberal Race Argument on Unemployment
On Tuesday's Newsroom, CNN's Tony Harris applied liberal thinking on race to the unemployment rate, speculating if the debate over jobs would change if whites were out of work like minorities were: "I wonder what the discussion about jobs in this country would be like if the rate of white unemployment in this country was, say 15, 16 percent, as it is for African-Americans."Harris brought up the…
Report Says California Global Warming Law Will Cause Job Losses
A report released Monday says that California's new global warming law will increase unemployment in the Golden State.The announcement was in stark contrast to continual claims by the Left and their media minions that proposed cap and trade legislation at the federal level will result in an explosion in green jobs.As reported by the Los Angeles Times Wednesday, the nation's most populated state,…
