Fossil fuel divestment is a waste of time. At least, according to liberal billionaire and philanthropist Bill Gates.
While observing World Press Freedom Day on May 3, MSNBC aired an advertisement encouraging viewers to watch not just that liberal channel, but also follow more than 25 other left-leaning sources and newspapers while not mentioning Fox, the most-watched news network on cable TV. The spot, which was created by the United Nations Educational, Scientific and Cultural Organization (UNESCO), begins by stating: “Don’t just watch MSNBC” and concludes with the motto: “Read more. Watch more. Understand more.”
The traditional media have decided not to take President Trump's insults lying down. After what may be the strongest -- and to his supporters -- most thrilling takedown of journalists by any president, Editor and Publisher magazine featured this headline: "Newspapers Aim to Ride 'Trump Bump' to Reach Readers, Advertisers."
This afternoon, Matt Balan at NewsBusters covered Tony Barber's disgraceful evening (London Time) column at the Financial Times. In the wake of the terrorist attack at the French satirical publication Charlie Hebdo which killed 12, Barber argued that "some common sense would be useful at publications such as Charlie Hebdo, and Denmark’s Jyllands-Posten." In other words, after sifting out the myriad paragraphs of weasel words and historical rehashes, Barber was contending that these outlets should self-censor to protect jihadists' delicate sensibilities.
Balan indicated that Barber is an associate editor at the Times, so readers could very well have interpreted the columnist's take as speaking for the newspaper. That is not so, as seen in its house editorial:
Tony Barber, associate editor for the Financial Times, slammed the French satirical publication Charlie Hebdo mere hours after Islamic terrorists killed 12 people at its main office in Paris . Barber hyped that the magazine "has a long record of mocking, baiting and needling French Muslims," and asserted that "too often editorial foolishness has prevailed at Charlie Hebdo."
French economist Thomas Piketty has become a darling of the left for allegedly "proving" that, as paraphrased by Chris Giles at the Financial Times, "wealth inequalities are heading back up to levels last seen before the first world war." The Media Research Center's Julia Seymour has described Piketty as a "'rock star' of the far-left," an accurate assessment given praises heaped upon his book and especially his public policy prescriptions by the likes of Alternet and Vox's especially gullible Matthew Yglesias. Seymour also notes that Piketty's work has received a great deal of favorable notice in the establishment press, and that he has met "with the Treasury Secretary" and "(President) Obama’s Council of Economic Advisers."
Of course these "oligarch groupies," as Jeffrey Lord describes them, love him. Piketty favors an 80 percent tax on incomes above $500,000 and a progressive global tax on real wealth (i.e., after subtracting debt). The problem is that FT's Giles, having done a deep dive into the economist's data and spreadsheets, has found serious problems in the professor's work which nullify his conclusions.
Islamist radicals affiliated with the Taliban shot and critically wounded Malala Yousafzai yesterday. The Financial Times notes that Yousafzai is "a 14-year-old Pakistani activist who won international acclaim for speaking out for girls denied education under the Taliban." Yousafzai was wounded in the leg from a shot fired at her as she left school on Tuesday.
Yousafzai's shooting was the third item in a news brief aired 10 minutes before the close of Andrea Mitchell's 1 p.m. Eastern program:
The Conference Board's September Consumer Confidence Survey came out this morning. Overall, it rose very slightly from a miserable 45.2 to a still-miserable 45.4. Consumers' assessment of near-term prospects slid from 34.3 to in August to 32.5, while their longer-term outlook improved from 52.4 to 54.0.
Thursday, an odd warning emanated from the halls of the supposedly esteemed investment firm known as Goldman Sachs: If Uncle Sam spends $61 billion less during the second half of the current fiscal year, and ends the year with "only" $3.758 trillion in spending instead of the administration's anticipated $3.819 trillion, economic growth will be seriously harmed.
Yesterday, similar nonsense was put forth by Jeannine Aversa at the Associated Press in reaction to the government's report that economic growth during the fourth quarter was revised down to 2.8% from 3.2%, when experts (like the geniuses at Goldman) had expected the number to come in at 3.3%. The headlined whine: "State and local budget cuts are slowing US economy."
First, here is the Financial Times report carried at CNBC reporting on Goldman's federal spending gibberish:
George W. Bush may be almost two years removed from his White House tenure, but the haters are still at work.
Gay Marxist playwright Tony Kushner is the toast of London theatre right now for his series of five small plays called "Tiny Kushner." Included in the set is a reprise of his piece titled "Only We Who Guard the Mystery Shall Be Unhappy," featuring Laura Bush reading Dostoyevsky to the ghosts of dead Iraqi children. (Byron York offered enough of a summary here.) In an interview with the leftist U.K. Guardian newspaper, Kushner demonstrated his hatred is undiminished:
"I wrote it after I was arrested at the big anti-invasion rally outside the United Nations in 2003," he says. "I left feeling immensely depressed because I knew we had left it too late to make a difference. And then a couple of days later, Bush said that he was grateful to us, because we had offered him a 'focus group'. I hate that motherf---er, but for once the man incapable of using the English language had hit on something apt: that's what the progressive left in America was reduced to, a focus group."
By contrast, Kushner expressed patience with Barack Obama, even as he proclaimed that the insights of Karl Marx are proven in America daily:
If the goal of whoever leaked the contents of a presentation originally made internally at Toyota's Washington, DC offices and turned over to congressional investigators was to drum up an intense level of negative press coverage against the company, they can sit back and say, "Mission accomplished."
It seems to have started Sunday with David Shepardson of the Detroit News, who reported that the company had "bragged" about avoiding recall costs. Though he appears to have erroneously believed that he had the whole thing, Shepardson's "evidence" consisted of only ten of that presentation's sixteen (or possibly more) pages with a couple of references to "wins." His report was picked and spread widely by the Associated Press's Ken Thomas, who turned "bragged" into "boasted."
Only a liberal could imagine that addressing the federal deficit and creating jobs might be mutually exclusive. On MSNBC's Feb. 3 "Morning Joe," Chrystia Freeland of The Financial Times asked Sen. Debbie Stabenow, D-Mich., whether she agreed with President Obama's stated intention of addressing the deficit next year.
"Senator, we've also heard from the president that next year - in his budget for next year - he is going to be focusing on deficit reduction, and he thinks its gonna be time be worried about that," Freeland said. "Is that too soon? Are you worried that the president should really be focusing right now still on stimulating the economy?"
Stabenow took the cue to launch into anti-Bush boilerplate. "Well we have to be focused on both and it's tough," she said. "I mean this president not only inherited the biggest deficit we've ever had, but the biggest deficit in jobs that we've ever had. We've got over 15 million people without jobs right now - bread winners no longer able to bring in a pay check."