Economy

He's beloved by the gossip culture of Manhattan and was recently embraced by the left for hurling insults at CNBC "Mad Money" host Jim Cramer. But as Cramer's CNBC "Fast Money" colleagues explained, if you listened to NYU professor Nouriel Roubini, you would have missed out on a lot of stock market upside. Roubini, often called Dr. Doom and known for crazy parties, predicted back in 2005 the…

It is disappointing, but not at all surprising, that the Democratic Party affiliation of the politicians involved in the union-driven campaign to force Wells Fargo Bank not to liquidate the Chicago-area operations of Hartmarx, the high-end clothier which has made suits for President Obama, has not been noted in the vast majority of stories I have reviewed about ongoing developments there. The two…

During his first 100 days as President, Barack Obama has pushed an audaciously liberal agenda which, if enacted, would have radical consequences for America for decades. With Democrats enjoying monopoly control of the House and Senate, the news media have a professional duty to scrutinize those policies, and give audiences both sides of the story — not just the perspective of a powerful…

On Friday, Media Research Center President Brent Bozell appeared on Fox News Channel's "Hannity" program in the "Great American Panel" segment. The topics included the stimulus package:BRENT BOZELL: No one read this bill in the Congress, because we had to pass it because there was such a need to get this going so we could create jobs and give everything away. How much of the stimulus bill have we…

On the heels of President Barack Obama's weekend radio address, where he lobbied for so-called credit card reform, "CBS Evening News" chimed in calling the legislation "help" for small business borrowers. "Evening News" anchor Russ Mitchell referred to Obama's address about the need for new credit card regulation on May 10 and backed up Obama's claim with data from the Center for Responsible…

A new propaganda video created by an extreme environmental activist is making its way into America's classrooms and The New York Times loves the whole idea. Enviro obsessive Annie Leonard, Greenpeace member and activist, has created a 20 minute video filled with anti-capitalist, anti-American propaganda to encourage kids to eschew "stuff," calling the presentation "The Story of Stuff." Leonard's…

It's a whole new wrinkle on the old joke about accountants (when asked what 2 + 2 is, he or she replies, "What do you want it to be?"). The Wall Street Journal reported yesterday that the reported results of the financial institution stress tests were negotiated: Banks Won Concessions on Tests Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells The Federal…

Here are the first two paragraphs of Toyota Motor Corporation's press release announcing its financial results for the year ended March 31, 2009 (most Japanese companies end their fiscal years on March 31; bolds are mine): Tokyo - TOYOTA MOTOR CORPORATION (TMC) today announced operating results for the fiscal year ended March 31, 2009. On a consolidated basis, net revenues for the fiscal year…

Shoot, he's only talking about pulling $8 billion in state-controlled money because a bank won't go easy on a business borrower who can't pay. What's the big deal? Well, the story involves the company that makes suits for President Barack Obama (pictured at right). Beyond that, the union at that company is citing the US Treasury Department's Troubled Assets Relief Program (TARP) as a reason that…

When NewsBusters reported earlier today that media members were depicting April's 539,000 jobs loss as "good news," I never imagined anyone would characterize the data as "employment doing well."Yet, that's how Politico's "44" blog -- "A Living Diary of the Obama Presidency" -- first teased Friday's Labor Department announcement at its front page.Here's a screen-cap of the first picture taken…

Back in March, CNBC in what seemed to be an effort to pander to critics on the left, officially named former DNC chair and former Vermont Gov. Howard Dean a CNBC contributor. But aside from campaigning for left-wing MoveOn.org causes in his spare time, Dean will appear on daily CNBC programming. But on the May 7 "Power Lunch," Dean, a contributor for the network with the slogan, "First in…