Disproportionalities: Whose Fault?
November 7th, 2019 2:33 PM
Jews have been awarded 40% of the Nobel Prizes in economics, 30% of those in medicine, 25% in physics, 20% in chemistry, 15% in literature and 10% of the Nobel Peace Prizes. Since the beginning of the 20th century, there have been just over 900 Nobel Prizes awarded. Since Jews are only 2% of the world's population, instead having 22% of Nobel Prizes, 206, they should have won only two,…
Dangers of Government Control
January 4th, 2018 1:52 PM
We are a nation of 325 million people. We have a bit of control over the behavior of our 535 elected representatives in Congress, the president and the vice president. But there are seven unelected people who have life-and-death control over our economy and hence our lives -- the seven governors of the Federal Reserve Board. The Federal Reserve Board controls our money supply. Its governors are…
NYT’s Chozick Spreads Liberal Love for Hillary, Ginsburg, Yellen
December 11th, 2017 3:59 PM
Twin toadying: New York Times political reporter Amy Chozick relished Hillary Clinton and other women D.C. liberal feminist figures (both in and out of power) in two stories Sunday, one on the front of Sunday Styles and one on the front of Sunday Business. Chozick, who led the paper’s coverage of Hillary Clinton’s failed presidential campaign, couldn’t help fawning over Clinton…
Press Yawns, Santelli Goes Off as Fed Wants to Be Able Buy Stocks
September 30th, 2016 10:17 PM
On Thursday, Federal Reserve Chairman Janet Yellen suggested in a videoconference call, as translated into plain English by the Wall Street Journal, that "there could be benefits to allowing the central bank to buy stocks as a way to boost the economy in a downturn."
Two of the Three Networks Ignore Fed Decision on Interest Rates
June 16th, 2016 5:07 PM
The Federal Reserve announced it wouldn’t raise interest rates, in part due to a poor May jobs report and economic “headwinds.” Two out of the three broadcast networks ignored the decision.
Yellen, AP Continue to Blame 'The World' As U.S. Economy Weakens
February 11th, 2016 5:28 PM
The Federal Reserve, Fed Chair Janet Yellen, and the ever-cooperative Associated Press have a message for America: "If there's an economic downturn, even one that turns into a recession, it's going to be the rest of the world's fault. The U.S. economy is fine, and it will stay fine if everybody else doesn't ruin it."
As the AP's Martin Crutsinger reported today (…
AP: Fed May Pause Increases, Only Because of 'Darker Global Economy'
January 25th, 2016 5:28 PM
Over the past several months, economics reporters at the Associated Press have told us time and time and time again that the U.S. economy is "largely insulated" from adverse economic developments overseas.
So why is the AP's Martin Crutsinger going along with the now-shifting conventional "wisdom" that Janet Yellen's Federal Reserve may have to defer implementing…
AP's Boak: With the Economy So Good, Why Won't Fed Raise Rates?
September 19th, 2015 10:51 PM
The business press just can't understand why the Federal Reserve decided not to raise interest rates on Thursday. After all, these alleged journalists have been telling us for months bordering on years that U.S. economy is really in good shape. So it should be able to handle a rate hike, especially after over seven years of rates at essentially zero. The problem is that they now believe their…
Business Wires: US Weakness Didn't Influence Fed's No-Change Decision
September 19th, 2015 10:02 AM
The business press is trying to convince readers, listeners, and viewers that Janet Yellen's Federal Reserve kept interest rates at zero not because of U.S. economic conditions, which supposedly "look good" with "steady economic growth." No-no. She stayed the course because of the troubled tglobal economy.
Thursday evening, Reuters wrote that the Fed failed to move "…
Crickets: Fed Official Finds No Evidence That QE Accomplished Anything
August 20th, 2015 10:26 AM
Imagine if, in 1987, a Federal Reserve official could have pointed to a poorly performing economy and said, "Gee, this supply-side economics hasn't worked out very well." The press would surely have treated the story as a front-page item and ensured that it got air time on the Big Three networks' then-dominant nightly news broadcasts. Of course, there was no such credible…
AP Wants Readers to Believe Fed's Easing 'Is Over'
October 30th, 2014 11:51 PM
An unbylined "Q&A" column at the Associated Press yesterday began with the following false declaration: "The $4 trillion experiment is over." That just isn't so.
Maybe the Federal Reserve is done building up its debt holdings — that is by no means certain — but the "experiment" known as "quantitative easing," or "QE," won'…
AP's Matthew Brown Gives 600-Word Story to 'About Ten Demonstrators' a
August 23rd, 2014 10:38 AM
The Associated Press's Top Business News page lists the headlines and opening passages of what the wire service believes are the ten most important business stories at the moment. Its 9:16 a.m. version had a story entitled "JACKSON HOLE DEMONSTRATORS RALLY AGAINST RATE HIKE" listed fifth. Earlier in the morning it was fourth.
Surely, I thought to myself, this must be about a…
AP Pair Create a Math Problem In Projecting 2014 Growth of 'Nearly Thr
May 4th, 2014 9:56 AM
In a Friday afternoon dispatch issued in the wake of the government's jobs report earlier that day, Christopher Rugaber and Josh Boak at the Associated Press wrote that "most economists ... forecast a strong rebound in economic growth - to a 3.5 percent annual rate in the current April-June quarter. And growth should reach nearly 3 percent for the full year, up from 1.9 percent in 2013…
Greenspan: ‘Government Intervention Has Been So Horrendous' Business
December 8th, 2013 11:42 AM
Former Federal Reserve Chairman Alan Greenspan made some rather ominous economic observations Sunday.
Appearing on CNN’s Fareed Zakaria GPS, Greenspan said, “[T]he level of uncertainty about the very long-term future is far greater than at any time I particularly remember.” He blamed it on “government intervention [that] has been so horrendous that businesses cannot…