Business Coverage

On October 3, the National Retail Federation projected that "sales in the months of November and December" will "marginally increase 3.9 percent to $602.1 billion, over 2012’s actual 3.5 percent holiday season sales growth." But on October 16, it warned that "the average holiday shopper will spend $737.95 on gifts, décor, greeting cards and more, two percent less than the $752.24 they actually…

Since TransCanada proposed building the Keystone XL Pipeline in 2009, liberal actors, environmentalists, and the media have attacked the plan. Four years later, the media continue to work against the company that proposed building it, TransCanada and this time they had help. On Nov.12, CBS “Evening News” did a segment on repairs being made by TransCanada to the recently built section of the…

You would think that economic forecasters, who have been obsessing over the impact on economic growth of October's 17 percent partial government shutdown might have noticed that a lot of people have all of a sudden learned that they're about to experience a major cut in their take-home pay. You would be wrong. Hundreds of thousands of Americans had received health insurance cancellation…

The Associated Press has published a great but disturbing story. Given the frequent and deserved grief yours truly administers when the wire service lets its readers, listeners, viewers, and subscribing news organizations down, it seems only fair to acknowledge fine work when it does occur. The real question is, in the politically charged U.S. health care environment, whether the AP's…

After NBC warned viewers that the partial government shutdown that ended weeks ago may be "the Grinch that stole Christmas," on Tuesday's Today, correspondent Stephanie Gosk fretted that Thanksgiving would be ruined as well: "Macy's, the company that sponsors the Thanksgiving Day Parade, will open its doors on the holiday for the first time in 155 years....But there is a risk, the identity of one…

The Venezuelan government of Nicolas Maduro has put the country back into the expropriration business, seizing two oil rigs owned by Houston-based Superior Energy Services. Two different Friday headlines at Associated Press stories about the seizures, one at the AP's national site and the other at the Washington Post, appeared designed more to mislead than to inform.

During the 2008 banking crisis, then-Obama Chief of Staff Rahm Emmanuel famously said, “Never allow a crisis to go to waste.” The broadcast networks certainly followed his advice when reporting on Hurricane Sandy since the storm became a hurricane one year ago, hitting the New Jersey coast on Oct. 29. Network reporters and experts have repeatedly claimed that the storm was either caused or…

Green energy is supposedly the future. Why, solar energy will break out and become a major energy source any year now, or any decade now. Or maybe never. It has been the subject of national attention ever since President Obama made it a cornerstone of his 2008 presidential campaign. Of course, what Obama claims is in energy policy has worked out to be more a of a growth-constraining, government…

The left has been ridiculing supposedly wildly overstated estimates of the costs of building the calamitous HealthCare.gov website. Based on a look at one contractor, CGI, which he must have assumed was the general contractor (i.e., the lead entity through which amounts paid to subcontracting firms would be funneled), Andrew Couts at Digital Trends originally estimated a total cost of $634…

At the Associated Press Friday morning, economics writer Christopher Rugaber's story had a predictably sunny and incomplete headline ("LONG-LASTING US FACTORY GOODS ORDERS RISE 3.7 PCT.") followed by an opening paragraph which told readers that "orders for most other goods fell" and which speculated without basis that the substantively bad news was "a possible sign of concern about the partial…

In 2003, Halliburton Company received a great deal of scrutiny from the establishment press over certain no-bid contracts obtained in connection with the Iraq War. Examples, two of which are from the Associated Press, are here, here, and here. A Google News Archive Search on "Halliburton no-bid" not in quotes allegedly returns 1,760 items (Google's counter is suspect, but the list extends to at…

Pepsi and pop stars don’t mix, according to one food police group. The D.C.-based Center for Science in the Public Interest (CSPI) ran a full page “open letter” in Variety, telling pop singer Katy Perry to stop her work with Pepsi, on account of her influencing young fans. CSPI warned Perry that, “Soda companies are using you and other celebrities.” The letter then bashed her for not caring…

Apparently desperate to claim that 17 percent government shutdown is causing pain, Christopher Rugaber at the Associated Press, aka the Adminstration's Press, decided that the Empire State Manufacturing Index's decline from brisk expansion to modest expansion was "a sign that the partial government shutdown may be weighing on the economy." Rugaber wrote what he did despite the actual report's…

Kathleen Pender at the San Francisco Chronicle (HT Zombie at PJ Media) had some Obamacare-related financial advice for her readers on Saturday: "Consider reducing your 2014 income by working just a bit less," because doing so could get you a "huge health care subsidy." This is not news to anyone who has studied Obamacare in detail, and shouldn't be a revelation to anyone in the business press…