Rare Good News at Telemundo: More Hispanics Buying Homes in the U.S.
July 19th, 2019 4:31 PM
Near the end of its evening newscast Telemundo, NBC’s Spanish-language affiliate network, recently had the temerity to treat its viewership to two and a half minutes of good news. Three cheers for a buoyant economy in which Latinos make up 63% of new homeowners in the United States.
High Taxes Produce a Moving Experience
January 25th, 2018 6:18 PM
One reason Democrats seem so fixated on importing illegal immigrants and allowing their children to stay and become citizens may be the exodus from high-tax and traditionally Democratic states. Anecdotal evidence is usually not helpful in determining trends, but when stories begin to accumulate and sound the same attention must be paid. Two friends of mine, who are longtime California residents,…
CBS Trashes White House’s Tax Plan, Critique Divorced from Reality
April 26th, 2017 10:19 PM
The White House on Wednesday released the outline for the President’s proposed tax plan that would drastically cut taxes and simplify the filing process, among other things. CBS’s resident Trump critic and anchor, Scott Pelley kicked off the show smearing it. “Today the Trump administration rushed out a plan for historic tax cuts high on hyperbole, but with only a dollop of detail,” he declared…
WashPost Columnist: Let's Take Trump Tower By Eminent Domain
December 13th, 2016 2:21 PM
At the Washington Post, Catherine Rampell, alarmed by an alleged "police state" on Fifth Avenue in New York City and alleged "costs to commerce and property values," wants to have the city to "use eminent domain to seize Trump Tower." Unfortunately, the President-Elect does have a blind spot when it comes to the government taking someone's property and conveying it to someone else for supposed "…
Five Downton Moments Promoting Free Markets, Small Government
March 5th, 2016 1:21 PM
In six seasons, Downton Abbey — the English drama that takes place from 1912 to 1925 — has captured millions of American viewers and won an Emmy, a Golden Globe and a BAFTA.
It’s a show about the seismic shifts of society (war, economic changes, politics) that led to declining aristocratic lifestyles in Great Britain. If focuses on the story of one aristocratic family, the Crawleys, as well as…
Washingtonian Misleads About Catholic Church 'Profiting' From Sales
February 6th, 2016 11:33 AM
Washingtonian magazine hyped how "the Catholic Church is selling Northeast DC to developers" in a story in its February 2016 issue. Jeffrey Anderson played up how "Church organizations have been profiting by developing or selling their properties" in the area near the Catholic University of America over the past several years. However, Anderson failed to give any background regarding the Church…
AP Minimizes Seriousness of Recent Declines in Pending Home Sales
October 30th, 2015 11:22 PM
Here's what should be an easy question: With data which has already been seasonally adjusted, what's more important — a) the fact that an index is a) up by 3 percent in the past year or b) the fact that it has fallen 5 percent in the past four months?
The correct answer is obviously b) — unless you're a writer for the Associated Press whose mission is to convince readers that the housing market…
Nets Punt on Regulations Set to Force Diversity in Neighborhoods
July 8th, 2015 9:43 PM
On Wednesday night, the “big three” of ABC, CBS, and NBC refused to cover the Obama administration’s official unveiling of new regulations that aim to force neighborhoods to diversification or risk losing annual federal funding from the Department of Housing and Urban Development (HUD). As they often do when the networks fail to cover a story, the Fox News Channel (FNC) program Special Report was…
ABC, NBC Ignore Grim Housing Report; Focus Instead on Selfie with Quee
July 24th, 2014 10:40 PM
Both ABC World News with Diane Sawyer and NBC Nightly News failed to mention a new, troubling report from the Census Bureau on Thursday night that sales of new homes decreased by 8.1% in June and that May’s originally reported double-digit increase was revised lower, from almost 19% to only 8%.
The CBS Evening News did cover this story, but it only was in the form of a 12-second news brief…
Networks Ignore Report Claiming Clintons Trying To Avoid Paying Estate
June 18th, 2014 9:29 AM
On Wednesday, June 17 Bloomberg reported that Bill and Hillary Clinton are taking advantage of financial planning strategies to avoid paying a hefty estate tax, even though the Clintons are prominent supports of the tax.
Despite the report, ABC, CBS, and NBC have all ignored the story on both their morning and evening newscasts. According to Bloomberg: “The Clintons are using financial…
Things Must Really Be Bad: AP's Pending Homes Sales Writeup Says That
April 28th, 2014 8:49 PM
At the Associated Press today, economics writer Christopher Rugaber was a bit subdued, even when presented with nominally favorable news. He wrote that the March rise in the National Association of Realtors' pending home sales index of 3.4 percent, the first gain in nine months, was "a sign that the housing market might pick up after a sluggish start to the year."
New Home Sales Dive in March, Miss Expectations by Miles; Result Is 'U
April 23rd, 2014 3:44 PM
March was going to be the month when new home sales in the U.S. would finally break out after several months of horrible weather. After all, everyone knew that this winter's snow, ice, and low temperatures were the only things holding the new home market back. Consensus predictions ahead of today's related report from the Census Bureau were in the range of 450,000 to 455,000 annualized sales…
Virtually Unreported: Mortgage Loan Market’s 2013-2014 Collapse
April 11th, 2014 5:48 PM
Associated Press stories today on the quarterly earnings releases of Wells Fargo (unbylined) and JPMorgan Chase (by Steve Rothwell) essentially mocked the nearly continuous monthly stream of reports the wire service's economics writers, particularly Martin Crutsinger and Chris Rugaber, have generated about the "housing recovery" during at least the past year.
The Wells Fargo story disclosed…
New London, Conn. Columnist: 'Not a Single Thing' Done in Almost 9 Yea
February 11th, 2014 11:53 PM
Veteran journalist David Collins is a columnist at the New London Day in Connecticut.
In a column supposedly published on Sunday but "updated" on Saturday (I'm not kidding), Collins assessed the aftermath of the Supreme Court's odious Kelo v. New London decision in 2005 in reacting to a lengthy story by Charlotte Allen in the February 10 issue of the Weekly Standard. In the process, he…