Business Coverage

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…

Three New York Times reporters' coverage of HealthCare.gov's systemic failures is inadvertently funny. Its opening paragraph quotes Henry Chao, described as "the chief digital architect for the Obama administration’s new online insurance marketplace," as "deeply worried about the web site's debut" way back in March, and hoping that "it’s not a third-world experience." The Third World, many of…

For someone whose job title is global business editor, Daniel Gross seems far more concerned with bashing businessmen for not toeing the liberal line than reporting business news. Then again, perhaps we shouldn't expect that much from The Daily Beast. Gross, who has slammed Apple's penchant for legal tax avoidance as being "too greedy for its own good" turned his attention today to Starbucks CEO…

Andrew Couts at Digital Trends is apparently the one who has broken the story (link is in original) that "The exact cost to build Healthcare.gov, according to U.S. government records, appears to have been $634,320,919, which we paid to a company you probably never heard of: CGI Federal." Without getting into minutiae, some of that amount may not be directly related to HealthCare.gov, but…

Google News really needs to work on its results counter. The first page of its 10:15 p.m. search listings on [Obama "widespread evidence"] (typed exactly as indicated between brackets) tells us that there are "about 90 results," but moving to the second page of listed results shows there are only 11 (technically 13, because the first listing on the first page has three items). Those sparse…

Whether the ice caps are melting and by how much may be debatable, but the debate is over as to whether former Wall Street Journal weatherman Eric Holthaus, who now works at Quartz (qz.com), has had a meltdown.In a series of tweets on Friday afternoon (scroll down at link; HT Twitchy), Holthaus told the world of his reaction to the latest wave of hot air emanating from the Intergovernmental…

Joshua Freed's Friday afternoon report on the week's results in the stock market at the Associated Press spent nine paragraphs telling readers how the current budget battle in Washington and possible government shutdown are causing stocks to retreat. Though he obviously didn't admit it, Freed's narrative fell apart in later paragraphs as he discussed "mixed economic signals" which aren't mixed…