CNBC’s Faber Assumes Recession Inevitable
Got some hot stock plays for 2008? CNBC's David Faber thinks you should factor in the recession that hasn't yet happened when you adjust your portfolio for this New Year. CNBC "Squawk Box" contributor Faber warned investors on the January 7 "Squawk on the Street" that stocks reliant on business spending could hurt since a recession, he said, is imminent. "Business spending, concerns about…
WaPo Laments Lib Gov. O'Malley's 'Modest' 2008 Agenda
A few months after cheering Martin O'Malley's successful push for tax hikes, the Washington Post's John Wagner is lamenting the Democratic governor may have to settle for a "modest" agenda in 2008 due to budget constraints.Don't hold your breath for similar concern about everyday Marylanders and how they may have to settle for more modest spending thanks to tax hikes, particularly a boost in the…
US Media Ignore British Health Service's 'You're on Your Own' Mandates
I've said this before, but it merits saying again: We'll know that the news we're fed every day by the wire services, "newspapers of record," and TV networks is fair, accurate, and complete when those in search of the full picture no longer have to go to the editorials of the Wall Street Journal and Investors Business Daily to fill in Old Media's yawning information and coverage gaps. Among the…
Fred to MSM: 'I Owe You Nothing
Fred Thompson today blasted the media for propagating a false rumor about his impending withdrawal, while reinforcing the role he has created for himself as the candidate in this race who does not suffer unwelcome questions gladly. Back in Iowa, Thompson famously refused to respond to the debate moderator/school marm's demand for a hand-show on global warming. On this morning's Today, he…
Old Media Continues to Hide Major Reason for Ford's Free-Fall
The returns are in for car company sales, both for December and all of 2007 (first figure is December, second is for full year; sources are here, here, and here): - GM: -4.4%, -6.0% - Toyota: -1.7%, +3.1% - Ford: -9%, -11.8% - Chrysler: +2%, -3.1% - Nissan: -2.4%, +4.8% - Honda: flat, +2.8% Toyota is listed second for a reason that would have been almost unthinkable three years ago (bolds are…
NY Times Editorial Accuses Bush of Being in ‘Denial’ about U.S. Ec
The economy is about to dive off a cliff and it's all President George W. Bush's fault, according to The New York Times editorial board. A January 2 Times editorial was pretty pessimistic about the economy in 2008, mocking Bush and forecasting doom. "As 2008 begins, house prices are still skidding, bank losses are still mounting, oil is again flirting with $100 a barrel and consumers are…
Two Years after Sago, AP Reporter Claims Non-Existent 'Lag' in Safety
Two years ago, Old Media, particularly the New York Times, and quite a few chronic sufferers of Bush Derangement Syndrome (but I repeat myself), attempted to hijack the Sago Mine tragedy in West Virginia before the wakes for the 12 dead miners were even held. They wanted to pin the catastrophe, totally without foundation, on the idea that the administration had created the conditions for the…
BusinessWeek Recap: How Expert Forecasts Shaped Up in
Are you a little skeptical when an economist or a financial strategist appears in the MSM, warning for the worst? A look back at the Dec. 25, 2006, “Where to Invest” issue of BusinessWeek gave us a measuring stick to see how frequently cited “experts” shaped up in 2007 – including New York Times regular Ian Shepherdson, Moody’s Economy.com economist Mark Zandi and Standard & Poor’s Chief…
California Spendin’: WSJ Notes, Rest of Media Ignore
A hard-hitting subscription-only editorial in the Wall Street Journal today needs some reinforcement. That's because Californians relying on Old Media for their news about the Golden State's dire financial situation are being conditioned to believe that only a tax increase will solve the state's problems. The latest offering in that regard is a Field poll covered at the San Jose Mercury News and…
Media Redefine 'Fiscal Responsibility
Congressional "Pay-As-You-Go" budgeting translates to perpetually bigger government Originally published on December 21st by Human Events. The New Seal of the Federal GovernmentWant to ensure the growth of government? Forever?The media does, and they have with Liberals devised the perfect way to do it. It is the "pay-as-you-go" Congressional budgeting rule -- Pay-Go. It requires every move…
