Where Did the Fed Foreign Lending Story Go
April 7th, 2011 1:02 AM
Last Friday, in what one would think would be a bombshell story headlined "Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak," Bloomberg's Bradley Keoun and Craig Torres reported that foreign banks secretly and routinely tapping the Federal Reserve's "discount window" lending program, primarily in 2008 and 2009. Some specifics:
"(The) loans protected a lender to local…
CNN's Spitzer Slams GOP for 'Balancing the Budget On the Backs of the
April 6th, 2011 12:29 PM
While questioning Rep. Jason Chaffetz (R-Utah) over the budget battle on Monday's "In the Arena," CNN's Eliot Spitzer switched gears and attacked Republicans for cutting taxes for the rich while cutting benefits for the poor. Spitzer and Chaffetz sparred over the ongoing budget battle and spending cuts, and Spitzer was certainly not lacking in Democrat talking points.
"You are driving the…
New DNC Chair Schultz Has Had Several 'I Know Nothing' Moments
April 6th, 2011 12:31 AM
In the 1965-1971 comedy series "Hogan's Heroes," prison guard Sergeant Schultz is a "bumbling, highly unmilitary 325-pound Sergeant of the Guard. Schultz is a basically good-hearted man who, when confronted by evidence of the prisoners' covert activities, will simply look the other way, repeating 'I hear nothing, I see nothing, I know nothing!'"
Reviewing past NewsBusters posts featuring or…
McDonald's Hiring 50,000, Media Celebrate. But In Reagan Era, Media Di
April 5th, 2011 3:51 PM
First, let me make something clear. One thing I learned in my first job as a dishwasher back in the Mesozoic Era is that all work conscientiously done can be noble. I don't criticize McDonald's for wanting to grow their business and the businesses of their franchisees, and I surely won't criticize anyone for taking a fast-food job to put food on the table or to gain an employment foothold.…
AFP News: Many of America’s Problems Predated Obama
April 5th, 2011 12:43 AM
A news article written by a reporter at AFP and reproduced at such news sites as Google, Yahoo, NPR, the Dallas Morning News, and others, might qualify as an example of what happens when one allows opinion to seep into reporting. Despite a mission statement involving claims that AFP coverage is balanced, accurate, and includes the other side of the story, this piece makes no secret of where…
As With Death-Threat Arrest, AP Treats Wis. Union Intimidation of Busi
April 4th, 2011 2:30 PM
Once again, despite almost two months of national coverage Wisconsin's collective bargaining law and the protests and bad behavior which have accompanied it, the Associated Press is deciding that the nation's news consumers outside of the Badger State don't need to read, hear, or see news relating to unions and leftists acting illegally.
In a post on Saturday (at NewsBusters; at BizzyBlog), I…
Unintentional Honesty: Los Angeles Times Listing For Obama Campaign We
April 4th, 2011 10:43 AM
Via William Jacobson, at his influential LegalInsurrection blog.
Let's call it a case of unintentional honesty, or as Bill Jacobson described it, a classic "Freudian slip."
In its article reporting President Obama's announcement of his 2012 re-election campaign, the Los Angeles Times gave the URL address for the official Obama campaign website as: http://latimes.com. Too true!
View…
Video With Cheney Fighting For Breath Leaves Mika Laughing
April 4th, 2011 9:36 AM
Are you old enough to remember the polio-era line: "funny as an iron lung"? After all, what kind of person would find funny the notion of someone fighting to breathe?
Answer: Mika Brzezinski.
Today's Morning Joe played a Letterman clip of a faux-promo for an imaginary TV show called "The Dick Cheney Story." As the title song from the Mary Tyler Moore Show plays merrily in the background…
WaPo Story on 40th Anniversary of Congressional Black Caucus Omits Inc
April 2nd, 2011 2:24 PM
In her April 1 Washington Post story, staffer Krissah Thompson explored how the "mission" and "challenges" of the Congressional Black Caucus have "evolved" from its initial aim "to eradicate racism."
Yet nowhere in Thompson's 23-paragraph article is any mention of how the CBC has denied entry to prospective members on the basis of skin color, such as liberal Democrats Steve Cohen (Tenn.) and…
AP Treats Arrest of Wis. Woman Issuing Death Threats to Legislators As
April 2nd, 2011 10:19 AM
Even though the goings-on in Wisconsin this year connected with collective-bargaining rights legislation have been front-page news nationwide for well over a month, the Associated Press has apparently concluded that folks outside the Badger State couldn't possibly be interested in real threats of serious violence issued against Republican legislators who voted for it -- and their families.…
L.A. Times's Oliphant Forecasts Possible Political Peril for GOP in Ma
April 1st, 2011 4:23 PM
The media are hard at work spinning today's jobs report for maximum political advantage for the White House.
Witness Los Angeles Times reporter James Oliphant, who has filed an article for publication in tomorrow's paper entitled, "Drop in unemployment doesn't mesh with Republicans' script."
Here's how Oliphant opened his April 2 story:
Major Nets' Evening Newscasts All Ignore Poll Showing Lowest Obama Ap
March 31st, 2011 6:30 PM
The latest presidential approval poll shows Barack Obama's ratings at his lowest point of his tenure: 42 percent. But the three major broadcast networks took no notice whatsoever on their Wednesday evening newscasts.
Neither CBS, NBC, nor ABC reported the Quinnipiac poll results on their respective evening news broadcasts. The results, released Wednesday, recorded 42 percent of respondents…
Reich Touts FDR's Mid-1930s Depression-Era Growth; He and the Press Ig
March 31st, 2011 5:09 PM
Former Clinton Labor Secretary Robert Reich, in a column appearing at Business Insider, says that we're heading in the direction of a "double-dip" -- and though he doesn't follow it with the word "recession," it's obvious he's not talking about an ice-cream cone. It's also obvious that he's less than pleased with the media spin that things are really okay.
Along the way, Reich had to go back…
CNN's Costello: 'Jobless Claims Plummeted Last Week': A Whopping
March 31st, 2011 1:04 PM
It was good economic news on CNN's Newsroom this morning. After a brief mention of radiation in Japan, anchor Carol Costello reported:
Brand new numbers out of the Labor Department this morning. It turns out jobless claims plummeted last week. Down 6,000 to 388,000.
I'm not certain what dictionary CNN news readers use, but "plummet" wouldn't seem to be the right verb. Merriam-Webster's…