Fox Biz Anchor 'Frustrated' by Misuse of TARP

Fox Business Network anchor Alexis Glick is frustrated by the way the government's $700 billion financial bailout is being used, and suggested on "Money for Breakfast" Nov. 21 that it was contributing to market declines. "I mean, look, we are now at levels at least on the S&P that we haven't been since 1997. You know, people are pretty unhappy with how the TARP fund is going," Glick said…
Paul Detrick

'Today' Unveils 'Water Footprint' Alarmism

NBC morning show obsesses over resource, compares H2O to financial crisis.
Nathan Burchfiel

Networks Downplay Union Factor in Auto Manufacturing

CBS, NBC contrast foreign automakers' facilities with beleaguered Big Three, but ignore union causes of turmoil.
Jeff Poor

Thomas Friedman's Power Lust: Let's Be 'China For A Day

Tim Graham

Chris Matthews Praises 'Magnanimity' of Obama's Hillary Nod

Is Chris Matthews having more thrills about Obama? The "Hardball" anchor appeared on the November 21 edition of "Today" sounding more enthused about the incoming Obama administration than Obama’s own spinmeisters. With the news of Hillary Clinton as the incoming secretary of State, Matthews called it "an astounding gesture of magnanimity." Taking a swipe at the outgoing Bush administration,…
Justin McCarthy

Investor Warns Dollar Rally Coming to an End

President of Euro Pacific Capital tells CNBC's 'Fast Money' recent rally in U.S. dollar unsustainable, will soon collapse.
Jeff Poor

Time's Klein Giddy For New Green Regulation of Auto Industry

Practically rubbing his hands in glee, Time magazine's Joe Klein exulted yesterday over Michigan Rep. John Dingell (D) losing out to the more liberal Rep. Henry Waxman (D-Calif.) for control of the powerful House Energy and Commerce Committee.Apparently Klein is happy that under Waxman the committee will succeed in decreasing both domestic energy and commerce with fresh, strict regulations on…
Ken Shepherd

Roger Ailes on FNC's 'Obligation' to Not Derail Obama Transition

News Corporation executive Roger Ailes has told Los Angeles Times reporter Matea Gold that he has advised employees of the Fox News Channel that "all presidents deserve time to get their team on the ground and get organized" and that "we have some obligation in a new presidency not to attempt to destabilize it."Via TVNewser (paragraph breaks removed):Ailes responded to the report in the New York…
Ken Shepherd

In Awed and Hushed Tone, Diane Sawyer Reads Aloud From Obama Essay

In an odd, non-sequitur of a segment, co-host Diane Sawyer kicked off the 8:30 hour of Friday's "Good Morning America" by reading aloud from an essay that President-elect Barack Obama wrote about Abraham Lincoln for a 2005 issue of Time magazine. Stopping the show cold for a minute and 22 seconds, she solemnly began, "...There was something that made us all stop and think. And you know, it's 60…
Scott Whitlock

Dear Globe: Spending Santas Will Stay Jolly

Elected officials give pork indiscriminately to the nice on their list.
Donald J. Boudreaux, Ph.D.

Michael Moore Proposes Gov't Takeover of Autos; Good Riddance to Capit

Controversial filmmaker blasts free market system for carmakers failure, says federal control would produce mass transit and hybrid cars.
Jeff Poor

Open Thread

NB Staff

Worse Than Worthless: Market Negatively Values the New York Times Comp

In other words, they would have to pay you to take what is rapidly becoming Manhattan's quaint little alternative newspaper off their hands.Yesterday, New York Times Company stock closed at $5.72. That is, by far, its lowest close in the 22 years presented in this chart at Yahoo!: Before today's opening bell, the company is worth $822 million,Using conservatively adjusted numbers from a…
Tom Blumer

Early Thanksgiving: Gas Goes Below $2 a Gallon

Price of unleaded drops more than 50 percent in just four months.
Dan Gainor