Following the horrific mass shootings in El Paso, TX and Dayton, OH, CNBC asked Visa CEO Alfred Kelly about the role of corporations in gun control. Kelly condemned the shootings and called for legislative action on gun control, but defended his company’s processing of gun sales on CNBC’s Squawk Alley August 7. CNBC technology reporter Deirdre Bosa asked him if his views had evolved over the past year. She cited other payment platforms like Apple, whose CEO Tim Cook slammed U.S. lawmakers’ “insanity” on the issue.
People in glass houses shouldn't throw stones. And people who ridicule the level of others' speech patterns should check theirs first.
CNBC didn't do that. Instead, on Thursday, as I noted in a previous NewsBusters post, it childishly rushed out a grade-level evaluation of the Republican presidential candidates' speech patterns during the first three debates, including the Wednesday train wreck it rudely hosted, and created a graphic with the title, "Are you smarter than a GOP candidate?" Payback is sweet (bolds are mine):
It would appear that CNBC isn't going to take the criticism of its debate panelists' awful conduct last night lying down.
In what appears to be an all too predictable immature response to the dressing-downs several Republican presidential candidates administered to certain of their moderators as a result of their juvenile behavior and insulting questions — particularly John Harwood and Carl Quintillana — the network has rushed out ratings of the top ten GOP candidates' speech patterns during the first three debates, with an obvious undertone: Ignore these candidates; they're just a bunch of dummies.
The competition for the worst moderator moment of Wednesday night's GOP debate is fierce. John Harwood's rephrasing of an old and discredited charge that Marco Rubio's tax plan disproportionately benefits the top 1 percent has to be in the running.
That's especially true because Harwood himself had to back away from a simialr contention two weeks ago, yet still brought up the same issue with a similar dishonest assumption Wednesday night. After Rubio refuted Harwood and pointed out that the CNBC hack previously had to correct himself about the substance of the Rubio-Lee plan, a finger-wagging Harwood still insisted he was correct (bolds are mine throughout this post):
On Tuesday night, liberal comedian Jon Stewart announced that he would be departing The Daily Show later this year to pursue other professional endeavors. Following Stewart’s decision to end his 16 year run at Comedy Central, many in the media have wondered what his next move would be, including former Yahoo CEO Ross Levinsohn who argued that he would pay Stewart $100 million per year for a new television distribution model. Speaking on CNBC’s Fast Money Halftime Report on Thursday, Levinsohn called Stewart “the franchise... Jon Stewart is authentic to the core and I think the millennial generation certainly knows that.”
The dramatic fall of gas and oil prices meant relief for holiday travelers and more money in the pockets of shoppers. MarketWatch reported one estimate of the savings that equated it to a $75 billion tax cut for households.
But rather than let drivers enjoy the much needed respite from years of gas prices above $3-a-gallon, former governor of Pennsylvania, Democrat Ed Rendell said it was the time to raise the federal gas tax to fix the nation’s “crumbling” infrastructure. He touted a bill by Sen. Bob Corker, R-Tenn., and Sen. Chris Murphy, D-Conn., to raise the 18-cents-a-gallon federal gas tax by 12 cents per gallon in the next two years. That would be a 66 percent increase.
Paul Krugman at the New York Times and other fever-swamp leftists who, incredibly, are operating under the assumption that the economy has experienced an acceptable if uneven "recovery" during the five years since the recession ended are celebrating what they believe was an epic live "embarrassment" of Rick Santelli at the hands of Steve Liesman at CNBC on Monday.
A Google search shows that Mediaite ("CNBC Reporter Torches Rick Santelli"), New Republic ("CNBC's Rick Santelli Was Embarrassed on Live TV"), Talking Points Memo ("Watch CNBC's Tea Partier Get Told How Wrong He's Been"), Business Insider ("Steve Liesman Issued A Devastating Line To Rick Santelli"), and of course Vox ("Watch Steve Liesman demolish Rick Santelli's inflation fearmongering") are all piling on. Following the jump, I will show that Santelli only claimed to have been right about the direction of the economy for the past five years, after which Liesman changed the subject and hogged the microphone:
The fascination with and excuse-making for long-gone communist dictators responsible for the murders of millions during their reigns is a long-standing phenomenon.
Both CNBC and the New York Times continued that hoary tradition last week. Each headlined reports on the 120th anniversary of the birth of Mao Zedong (whose name was written as Mao Tse-Tung until about two decades ago) with "Happy Birthday, Chairman Mao!" headlines. CNBC's appears after the jump (HT Twitchy; bolds are mine throughout this post):
Earlier today, NB's Lachlan Markey covered Bill O'Reilly's interview with the Fox Business Channel's Charles Gasparino.
In that interview, Gasparino confirmed what the New York Post reported in April of last year, namely that "GE Execs Encouraged CNBC Staff to Go Easy on Obama."
The suits at GE, including Chairman Jeff Inmelt, had a clear motivation for encouraging their reporters to lighten up, namely that "General Electric at the time was hoping to profit handsomely from policies that would benefit a few companies, including GE, at the expense of the majority of the economy"-- specifically cap and trade.
But speaking of motivation: What about former CNBCer Gasparino's?
The easy answer would be that sometime in the past two years he has seen the light and realizes his past reporting at CNBC was lacking in fairness and balance. Despite his move to Fox, there's reason to doubt that.
The network's revised and "clarified" report still fails to sufficiently inform readers. In fact, the new version seems to be the result of a meeting where the topic of discussion was: "What are the least informative changes we can make while being technically correct?"
On his show Thursday night, Levin referred to Cox's probably original version (now Google cached; copy saved here at my web host for future reference) addressing Deutsche Bank analysts' fears that the expiration of the Bush tax cuts at the end of the year will have a sharply negative economic impact. (For what it's worth, I prefer to describe what's coming as a plain-and-simple tax increase, simply because after what will have been eight years -- 2003 through 2010 -- everyone has long since gotten used to the current income tax structure.)
Here are the first two paragraphs of Cox's report as found by Levin and yours truly (bold is mine):
Fresh off his Tea Party cover story in the June 24 Weekly Standard, CNBC's Rick Santelli foresees what could be classified as an economic black hole for the United States of America.
On the network's June 24 broadcast of "Strategy Session," the CME Group reporter explained how the country could be headed down the same path and face the economic calamity the Japanese faced in what is known as the "lost decade." That period, from 1991-2000, was one which the Asian nation failed to grow economically despite countless efforts by the government to intervene. But as Santelli explained - the U.S. version of Japanese economic policies could result in Greek-style austerity measures.
"The notion that we are turning into Japan has been something talked about on this floor for probably a year and a half," Santelli said. "What changes though, is that it is now a toss up between Japan and Greece and trust me the eventual solutions or recommendations for avoiding the pitfalls of either are completely different strategies. A lot of Japanese say, ‘More Keynesian, more stimulus, spend, spend, spend, spend, spend.' And the other side of the equation says, ‘Well then, you are going turn into Greece.' Where does the truth lie? One thing I can tell you is, is that demographics are a big issue in this story as well. The Japanese have a demographic time bomb similar to the U.S. in terms of underfunded pensions and liabilities."
When viewers tune into watch CNBC's "The Kudlow Report," they may not anticipate a host interrupting conservative Republican Sen. James Inhofe, R-Okla.
But on CNBC's Nov. 24 "The Kudlow Report," fill-in host Simon Hobbs attempted to do just that. Hobbs, a regular on CNBC Europe, suggested there was nothing to emails unveiled after a hacker allegedly accessed the Climate Research Unit at University of East Anglia in Britain. These emails showed an effort by scientists, some on the United Nation's Intergovernmental Panel on Climate Change (IPCC), to manipulate data to strengthen the claim of anthropogenic global warming.
"You're well-known as a campaigner or man that believes humans are not the cause of global warming," Hobbs said. "I mean, specifically if you look at the coverage we have, the allegation is that the emails indicated that they were declining to share data with fellow scientists or they were seeking to keep other researchers with dissenting views from perhaps joining them on some platform. It doesn't indicate that the science was wrong or that the science was manipulated."