Business Coverage

Dan Cathy, president of Chick-fil-A, has said that we are “inviting God’s judgment on our nation when we shake our fist at him and say, ‘We know better than you as to what constitutes a marriage.’” How this unremarkable statement, which never mentions homosexuals, can be labeled anti-gay is astounding. But according to the editorial board of the New York Times, it can be. After quoting Cathy,…

The Associated Press's opening four-paragraph unbylined take (also saved here) on the Conference Board's July consumer confidence report comes off to yours truly as a desperate attempt to play "Happy Days Are Here Again" with selective reporting. Start with the item's headline: "US consumers more confident in the economy in July" Uh, no. Given that a value of 90 is what the AP acknowledges in…

It's becoming increasingly clear that the Associated Press, aka the Administration's Press, believes there are two primary kinds of users of its output: those who only read headlines and those who read on or click through. It often dresses up the headlines with inaccuracies, omissions, and occasional downright falsehoods, which more often than not are respectively rendered properly, included,…

Give credit to CNN Money's Annalyn Chensky for intuitively recognizing the ridiculousness of the economic projections included in the White House's Mid-Session Review released today. That especially goes for the assumption that full-year economic growth in 2012, with the first and second quarters coming in at an annualized 2.0% and 1.5%, respectively (the latter subject to revisions which…

Today's report on the growth of gross domestic product (GDP) during the second quarter didn't impress anyone -- except, apparently those who send out email alerts to CNN Money subscribers. For several years, it has seemed like the primary goal of these alerts has been to create the illusion of pervasive prosperity when the economic news is even remotely tolerable, and to ignore or downplay…

While many liberals cheer the harsh words that Democratic Mayors Thomas Menino (Boston) and Rahm Emanuel (Chicago) have had for the Chick-fil-A fast-food chain as a result of its conservative, pro-traditional marriage president, editorial boards at liberal newspapers in those two cities have come out with strong criticisms for the anti-conservative bullying. "[W]hich part of the First…

Liberal fascism, anyone?  Add Barney Frank to the list of Thomas Friedman and Ray LaHood who regret that in the United States, that darn Constitution gets in the way of the enlightened class imposing its will on the rest of us benighted peons. Sparring with Mario Bartiromo on CNBC this afternoon, Dem congressman Frank, expressing frustration at his inability to get through legislation he…

Poor guy. This darned economy has a mind of its own and isn't cooperating. That's pretty much what you're forced to think in the following cop-out sentence from the Hill in anticipation of tomorrow's report on second-quarter gross domestic product (along with revisions to prior years):

ABC News is having a banner week. First it was forced to acknowledge that reporter Brian Ross had smeared an innocent member of the Colorado Tea Party (and Tea Partiers more broadly) by speculating on-air that Aurora killer James Holmes might be a Tea Party member of the same name.  Now, because it’s hysterical reporting harmed an industry and cost hundreds of jobs, an Iowa radio station…

The federal Consumer Product Safety Commission  (CPSC) is taking a company to court to make it stop producing their popular Buckyballs magnetic desk toy, even though the company markets the product to adults and includes warnings that the toy is unsafe around children. That's right, it's a desk toy marketed to adults, the vast majority of whom will keep them at their desk at work -- a…

No matter how inane or damning his comments and answers to inquiries, it appears that Obama Treasury Secretary Tim Geithner can continue to count on favorable coverage from the Associated Press, aka the Administration's Press, aka the Administration's Protection. The AP's Marcy Gordon, with the help of her story's headline writer, made Geither's appearance before the House Committee on…

I suppose the Associated Press deserves some credit for what appears to be a grudging acknowledgment that opponents of the oil and gas drilling technique known as hydraulic fracturing, aka "fracking," "sometimes mislead the public." Also, Kevin Begos's story does a good job of letting Josh Fox, producer of the fundamentally dishonest documentary "Gasland," hang himself with his own dodgy,…

In an article for NBCNews.com's First Read on Monday, Domenico Montanaro eagerly proclaimed to readers: "Mitt Romney has criticized President Obama for his 'you didn't build that' line, when it came to businesses....But in 2002, during his speech at the Opening Ceremonies at the Winter Olympics....Romney made a similar argument about Olympians." Romney simply told the Olympic athletes – many…

Gosh, if Apple would only send the money it has parked overseas back to the United States and pay income taxes on it, the federal government's situation would be so much better, the budget would would balance, and ... no, not really. According to Peter Svensson at the Associated Press, the company has $74 billion in cash parked overseas, meaning that it would owe federal income taxes of about $…