By Tom Blumer | August 20, 2016 | 11:58 PM EDT

After 52 percent of voters in Great Britain cast their ballots in favor of leaving the European Union on June 23, financial commentators around the world, particularly in the U.S., predicted ugly economic tidings for the UK.

People who swallowed the gloom and doom whole must have been especially surprised early Friday morning when Bloomberg News published a piece headlined "Pro-Leave Economists Can Smell Vindication." Keeping hope for bad news alive, the caption underneath the piece's accompanying video reads, "Brexit Effect Missing So Far From U.K. Economic Data." Sorry, guys, it isn't just that bad news is missing. It's that the news out of the UK has been very good — "unexpectedly," of course.

By Mira Ebersole | August 17, 2016 | 10:11 AM EDT

Olympic sharpshooter Kim Rhode won a bronze medal in skeet shooting on Aug. 12, becoming the first woman to win medals at six consecutive Olympics. That was a remarkable feat. But despite her achievements, Rhode does not have “a single sponsor from outside the firearm industry.” Major companies like Coca-Cola and Procter & Gamble turned down sponsorship requests, according to Bloomberg.

By Sam Dorman | August 15, 2016 | 5:22 PM EDT

Before Apple CEO Tim Cook publicly revealed his sexuality, he received advice from CNN’s Anderson Cooper — who came out publicly in 2012. That’s what Cook told The Washington Post in a wide-ranging interview including his views on homosexuality and environmentalism.

By Tom Blumer | July 31, 2016 | 9:13 PM EDT

On Fox News Sunday this morning, Democratic Party presidential nominee Hillary Clinton told Chris Wallace that she doesn't want the Supreme Court's 2008 Heller decision overturned.

Clinton said this after Wallace introduced the topic by referring to a statement Mrs. Clinton made at a fundraiser last year that "The Supreme Court is wrong on the Second Amendment." If we had a responsible establishment press, Mrs. Clinton's inconsistency on such a major presidential campaign issue would be major news by now.

By Kyle Drennen | July 1, 2016 | 12:43 PM EDT

Appearing on NBC’s Today on Friday, Bloomberg Politics editor Mark Halperin offered a laughably naive explanation for Bill Clinton’s controversial meeting with Attorney General Loretta Lynch: “The most obvious explanation and probably the right one, is Bill Clinton is a really social guy...” He cast Clinton and Lynch as celebrities who just ran into each other: “And we’ve all seen situations where famous people on the tarmac, the two planes, it's kind of fun, ‘Hey, let's go over and visit.’”

By Randy Hall | June 16, 2016 | 6:36 PM EDT

On Thursday morning in Shanghai, Walt Disney Company Chairman Bob Iger and “a phalanx of Chinese Communist Party officials” cut the ribbon on the $5.5 billion Shanghai Disney Resort, the company's first theme park in mainland China.

The celebration included fireworks over the resort's castle -- Disney's "largest and most technologically advanced castle in the world” -- a dancing Mickey Mouse, dignitaries and messages of support from two presidents. "This is one of the most exciting and important moments in the history of the Walt Disney Company," Iger proclaimed.

However, according to an article by Patrick Brzeski of the Hollywood Reporter website, the Disney executive “drew gasps of surprise from the mostly Chinese crowd as he began reading a letter from U.S. President Barack Obama,” who has taken a far more lenient stand on gay rights and same-sex marriage than China's government.

By Tom Blumer | May 11, 2016 | 5:14 PM EDT

In case you didn't get the message the first or second time around, the Washington Post wants you to hear it again: Cool your complaints about the weak U.S. economy, because it's your fault.

To be clear, the problem is primarily with the Post's headline — "The economy’s real drag: Us" — than with Robert J. Samuelson's content, which at least gave American consumers credit for having "sobered up" as the reason for the increased savings rate which is supposedly holding the economy back. That said, the longtime Post writer missed a number of other key factors explaining why consumers aren't spending as they did in the decades before the recession.

By Tom Blumer | May 5, 2016 | 11:24 AM EDT

Almost any time a government agency or program fails to perform, those involved complain that they don't have enough money to properly do their jobs. Unless the matter involves national defense, the press gullibly swallows their contentions.

The Transportation Safety Administration is the latest case in point. Lines at airport security checkpoints are already getting noticeably longer, and we haven't yet hit the summer travel season, with "all signs" predicting that "queues will far surpass those of years past." Items at, among other places, the New York Times ("tight budgets"), Bloomberg News ("budgetary limits"), and WABC News in Newark ("budget cuts") are all trying to help the agency get its hands on more taxpayer money. A Tuesday editorial at Investor's Business Daily — as usual, reporting facts beat journalists somehow never get around to reporting — tells us that more money hasn't solved the problem before, and that there's a better answer (links are in original; bolds are mine):

By Nicholas Fondacaro | May 2, 2016 | 6:57 PM EDT

With the Indiana primary a day away the liberal media is franticly pushing the narrative that Ted Cruz is going to lose and Donald Trump is destined to be the nominee. “It's hard to think of Ted Cruz as a human being in the same week when Boehner called Lucifer,” smeared Nicolle Wallace on Bloomberg’s With All Due Respect. Co-host of the show John Heilemann declared Indiana was the end of line for Cruz, “this was the last stand for the Never Trump movement.”

By Tom Blumer | April 30, 2016 | 11:30 PM EDT

That the establishment press despises New Media isn't exactly breaking news, but a lesser-known subset of that tension has just become more visible. As usual, an Old Media outlet is the smear merchant, and the New Media site has the upper hand on the truth.

Mainstream business journalists really despise the financial and economics blogs which puncture the insufferable "the economy is just fine" meme the financial wires have relentlessly foisted on us during the past seven years. When leading contrarian blog Zero Hedge had a recent fallout among its top authors, Bloomberg News sensed a chance to smear a site it has had to grudgingly recognize as a genuine competitor. Instead, the wire service committed the types of journalistic errors which explain why only six percent of Americans "say they have a lot of confidence in the media."

By Tom Blumer | April 29, 2016 | 12:44 AM EDT

Venezuela's hyperinflationary economic crisis has gotten worse in one very important and apparently unprecedented sense than even the one seen in Weimar Germany in the 1920s. Yet the Associated Press and the New York Times apparently have no interest in telling their readers, listeners or viewers about it.

In the post-World War I German Weimar Republic, the situation became so out of control that people needed wheelbarrows to carry around the money they needed to pay for basic everyday purchases. A Bloomberg News story published early Wednesday morning, i.e., in plenty of time for the rest of the world's press to notice the story by now, has a similar "wheelbarrows" reference to Venezuela's crisis. But there's more. Venezuela doesn't even the money to pay to keep those wheelbarrows stocked with ever more worthless cash.

By Tom Blumer | April 27, 2016 | 12:08 PM EDT

Just in time for tomorrow's first-quarter economic growth announcement from the government, Bloomberg Businessweek's Economics Editor is telling readers: "Don't Sweat America's Upcoming Microscopic GDP Growth."

Besides, Peter Coy writes, people need to get used to the supposedly inescapable fact that "Normal growth for the U.S. economy is just a lot lower than it used to be." Americans shouldn't worry, even if tomorrow's GDP figure shows a small contraction (perhaps indicating that Mr. Coy has been tipped to the fact that it will be). The key, the glib Mr. Coy contends, is to understand that "Happiness is all a matter of lowering expectations."