Hundreds of British actors and celebrities are clamoring for Great Britain to remain part of the European Union when the nation votes this week. That’s in direct opposition to the view of many conservatives on both sides of the pond. Either result could have major economic consequences. UK citizens will vote June 23 on the contentious “Brexit” referendum. Putting their high-profiles to use, 282 people involved in Britain’s creative industries signed a letter in May arguing many of their “projects” would not have been possible without “vital EU funding” or “collaborating across borders,” according to a website urging people vote “REMAIN.”
The American media cabal is…ridiculous. They are the Borg of politics - many entities, but of but one Leftist mind. Led around by their noses by whatever hack government-growing politician is before them at that moment.
Just as they calmly repeated the "ventriloquized" Obama line on the Iran deal, so they're doing with the latest ruling on "Net neutrality."
One of the more important elements of the establishment press's daily routine is protecting leftists, particularly members of the Obama administration, when they say really dumb things. They do this by not reporting them.
Reacting to Tuesday afternoon reports that Russian hackers have successfully breached the Democratic National Committee's computer network and stolen files, particularly the "entire file" of opposition research on presumptive GOP nominee Donald Trump, White House Press Secretary Josh Earnest childishly blamed congressional Republicans. Yeah, really. If a White House spokesman attempted something this absurd during a Republican or conservative administration, it would already have been the subject of jokes on Tuesday's late-night TV shows. Naturally, Earnest's idiocy has only been documented at a few center-right blogs and outlets.
The global warming alarmists in the liberal media always latch on to events and blame them on climate change. It’s their regular M.O. But recent reports claiming climate change was responsible for drowning five Pacific Islands misrepresented the science.
This irritated Dr. Simon Albert, a researcher at the School of Biological Sciences at the University of Queensland, one of the scientists whose paper was “misrepresented by alarmists,” according to Breitbart London.
ABCNews.com claimed on May 9, “Five Solomon Islands Disappear Into the Pacific Ocean as a Result of Climate Change.”
Based on the content of John Kerry's Friday commencement speech at Northeastern University, one might have expected that those in attendance threw away their passports after the event ended.
That's because the Obama administration's Secretary of State told those in attendance: "You’re about to graduate into a complex and borderless world." Kerry's extraordinarily dense, naive and dangerous contention — the key soundbite of his speech — was ignored in coverage of his address at the Associated Press, Reuters, and almost everywhere else.
During a White House press conference in the 12 p.m. ET hour on Friday, President Obama was treated to a series of softball questions from reporters, who repeatedly teed him up to bash Republicans and promote his liberal agenda. Reuters correspondent Jeff Mason got the first question: “Mr. President, what's your reaction to Donald Trump becoming the presumptive nominee of the Republican Party this week? And given the delegate math, do you think it’s time for Bernie Sanders to step aside on the Democratic race?”
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."
Today's stories at the business wires covering this morning's disastrous durable goods report from the Census Bureau ranged from good to absolutely horrid. March orders only increased by a seasonally adjusted 0.8 percent, less than half of the 1.7 percent to 2.0 percent increase that was expected. Additionally, February's originally reported decline of 2.8 percent was revised down to -3.1 percent.
Victoria Stilwell's dispatch at Bloomberg News earned a B-minus. Lucia Mutikani's writeup at Reuters rated a C-minus. As usual, the coverage at the Associated Press, aka the Administration's Press, delivered by Martin Crutsinger, the nation's unofficial "Worst Economics Writer," brought up the rear and earned an "F."
Solary energy company SunEdison filed for bankruptcy on Thursday. According to Reuters, the company's stock traded as high as $33.44 in July 2015. The stock closed at 22 cents today. Nine years ago, the company's market value was over $17 billion. According to the Associated Press, in July of last year it was still worth $10 billion.
The losses aren't limited to investors, however, a fact that the establishment press has ignored in its SunEdison bankruptcy reports. As Roberty Bryce detailed at National Review on April 4 when the company's bankruptcy began to appear unavoidable, taxpayers have also seen lots of money go down the drain at SunEdison and another bankrupt renewables company — ten times what was lost in the $500 million Solyndra bankruptcy (bolds are mine):
In another blow to the U.S. and worldwide economy, chipmaker Intel announced today that it is reducing its worldwide workforce by 12,000 people, a cut of 11 percent.
Of course, there are tech-related reasons why the company made the move, most notably the shift by some users to tablets and smartphones, where the company's market penetration has been weak and almost non-existent, respectively, as their everyday "computing" devices. But the press is completely ignoring why so many users of aging PCs are holding out against buying a new one until their current units die: they don't have the money to replace them. Why? Because economic growth throughout the world, including the U.S., has been stagnant and is showing signs of getting weaker — possibly much weaker.
The government reported this morning that seasonally adjusted March housing starts and building permits fell by 8.8 percent and 7.7 percent, respectively, far worse declines than analysts and economists predicted.
After the report, the business wires at least communicated the facts accurately, but continued to insist almost to the point of editorializing that there's no reason to be worried about the long-term direction of housing market or the overall economy.
Today's report from the government on retail sales was awful — "unexpectedly" so, according to both Bloomberg and Reuters. Following on the heels of a 0.4 percent seasonally adjusted decline in January and a flat February, March sales fell by 0.3 percent.
Two of the three main U.S. business wire services blamed the American people, not the worst post-recession economy since World War II during the Obama administration — an economy which is clearly weakening even further — for these results.