Economy

On Friday's "Good Morning America," ABC White House correspondent Jake Tapper provided a skeptical, challenging analysis of the Obama administration's claims about the economic stimulus bill. NBC's "Today" and CBS's "Early Show" on Thursday simply regurgitated White House statements that the "economy is looking much healthier these days" and that the President is "taking credit for writing the…

It's the new "C" word according to Melissa Francis, co-host of CNBC's "The Call." Using the word "cartel" to describe OPEC is officially a no- no. Francis, who was on location in Vienna, Austria at the OPEC summit, reported on an exchange between herself and Ali Al-Naimi, the oil minister of Saudi Arabia during the May 28 broadcast of "Squawk on the Street." In an interview, Al-Naimi took issue…

The national unemployment rate is 8.9 percent and even higher in places like Cambridge, Md. So you might find it strange to see NBC advocating an expansion of legal migrant labor when so many Americans are struggling. Nonetheless, former "NBC Nightly News" anchor Tom Brokaw did just that in the first part of a new series called "American Character." The former anchor will travel U.S. Highway 50…

The media have lamented use of the word fascism when it has been used to describe moves by the Bush and Obama administrations and the private sector economy.  But when examined from a purely political and economic point-of-view, that is what's going on now according to Thomas Sowell, Stanford University's Hoover Institute Senior Fellow and author of "The Housing Boom and Bust." Sowell appeared…

Well, if they didn't, it's sure one heck of a coincidence. At about noon on May 15, I noted (at NewsBusters; at BizzyBlog) that a New York Times report by Matthew Saltmarsh teased at its home page (pictured at right) reported Euro-Zone gross domestic product (GDP) contractions on a "from the previous quarter" basis (a longstanding EU custom), but presented the first quarter 2009 contraction in…

Is there another shakeup imminent at CNBC? Since the economy has been on the rocks, NBC Universal's financial network has been in the spotlight - political tug-of-war and all. This time, another one of the network's star on-air personalities, Jeff Macke, could be out. Macke had been a cynical, sometimes conservative voice on CNBC's "Fast Money" and in other CNBC and MSNBC appearances, often…

Earlier today at my blog, I noted in a post updating the sad situations at bankrupt Chrysler and headling-for-bankruptcy General Motors, that GM is, according to a Wednesday Reuters report, offering secured bondholders a much better deal than the 29 cents on the dollar Chrysler's secured creditors have been offered. Chrysler's "non-TARP secured lenders," after what they allege with much…

In a classic example of a dog-bites-man non-story, the Associated Press is dutifully furthering the "censorship" whine of a rock band that laments that Wal-Mart won't stock its new album, "21st Century Breakdown."Today, Associated Press music writer Nekesa Mumbi Moody hacked out 13 paragraphs to relay how "Green Day lashes out at Wal-Mart policy." Of course the discount retailer's standards for…

On May 15, I posted (at NewsBusters; at BizzyBlog) on the Obama administration's and government-run Chrysler's blatant deception concerning whether plants would be closed as a result of the company's bankruptcy filing. Specifically, on April 29 and 30, Obama, the administration and Chrysler told senators, congressmen, state and local politicians, and local and regional union leaders that the…

During his Saturday, May 16, commencement speech at Fordham University, former NBC News anchor Tom Brokaw fretted that the "vital signs" of "Mother Earth" have "taken a turn for the worse," as he cited global warming as a problem this year's graduating class would need to help solve. He also used the term "economic justice," a term commonly invoked by the Left, as he called on graduates to "…

NBC's coverage of a new bill that restricts credit card companies has been riddled with contradictions - first attacking companies for taking advantage of young people, then admitting students need to build credit. On May 14 "Nightly News" anchor Brian Williams said, "graduates enter the world with awful credit card debt" and then reporter Lisa Myers demonized credit card companies for…

Here's a CNN e-mail alert I just received a couple of hours ago: So how did the Associated Press's Jeannine Aversa report the above raw news? As you would expect an Obama apparatchik to do it (reproduced in full as it existed at 3:15 p.m.; bold after title is mine): Fed sees hopeful signs but downgrades '09 forecast WASHINGTON (AP) — The Federal Reserve expects the economy to improve in coming…

Wow. Just wow. If this New York Times headline isn't an act of advocacy for higher taxes in California, what is? With its May 20 coverage of the vote for California's tax hiking ballot measures, the Times plainly scolds fed-up voters for rejecting them with a headline that pointedly says: "Calif. Voters Reject Measures to Keep State Solvent."Really? The Times thinks California's voters want a…

Nortin Hadler, M.D. is a "professor of medicine and microbiology/immunology at the University of North Carolina at Chapel Hill, and an attending rheumatologist at University of North Carolina Hospitals."He also thinks that a number of procedures commonly thought of as beneficial have no or very minimal benefit.The fact that ABC is carrying Hadler's exhortations may be a clue that the network is…