Business Coverage

Today's report from The Conference Board shows that consumer confidence fell steeply in September: The Conference Board Consumer Confidence Index®, which had improved in August, retreated in September. The Index now stands at 48.5 (1985=100), down from 53.2 in August. In a report issued in the run-up to the Board's release (go to the text which follows the "Breaking News Update" here; saved at…

For the past several years, we’ve heard the doom-and-gloom prognostications coming from perma-bear Peter Schiff: The Federal Reserve is the root of all evil. Inflation will be the United States’ undoing. Invest in gold and overseas because the American stock market is toast. Perhaps that’s a legitimate view, but Schiff argues a more libertarian approach to prevent these supposed calamities.…

In the earlier paragraphs of a Friday report on the recently passed small business lending bill at the Associated Press, reporter Pallavi Gogoi gave readers the impression that Congress's allegedly noble intentions might be thwarted because banks and businesses who should apparently be grateful for the "help" don't want it. Gogoi gives no direct indication that the bill involves government "…

From our friends at Reason.tv - Hollywood's obsession over demonizing capitalism. Anyone notice a trend here?

An organization once headed by former Obama administration official Van Jones tried it. Other so-called grassroots organizations have given it a shot. Now Rep. Anthony Weiner, D-N.Y., with the power of Congress in tow, has taken his best shot to shut Glenn Beck down. But so far it isn’t really working. On Sept. 23, Weiner called a representative from Santa Monica, Calif.-based Goldline to…

It appears that the Huffington Post isn’t just upsetting people for its often uncouth and liberal take on the day’s news. Now people are getting irritated with its willingness to reprint other outlet’s content while offering minimal credit. And so goes the view of former Washington Post editor Leonard Downie, Jr., author of “The Rules of the Game.” During his remarks at the James Cameron…

One of the most common threads in the media recently has been how bad the Tea Party movement has been for this United States. It has been derided for lacking racial diversity, promoting policies outside the so-called mainstream and blamed for creating a civil war within the Republican Party. The media often stress those “negatives” at the expense of the positive basic tenets of the Tea Party…

Someone's a little full of the power of his network apparently.  On Sept. 20, CNBC hosted a so-called "town hall" meeting on its network about President Barack Obama and how his administration is dealing with business issues. Obama took some criticism from participants and observers said the president was playing defense. However, CNBC's "Mad Money" host Jim Cramer had a different take on the…

MSNBC is very upset about one "highly-unregulated industry" and its "questionable and even abusive" working conditions. What industry? Coal mining or perhaps sewage treatment? No. Keli Goff, an author and political analyst who has a "Daily Rant" on MSNBC's "Dylan Ratigan Show," was complaining about the working conditions of models. That's right, models. The people paid to walk down…

The Media Research Center isn't the only ones out there telling folks to be wary of the media and its coverage of the Tea Party movement.  On his Sept. 15 broadcast, Larry Kudlow, host of CNBC's "The Kudlow Report," hit that point. Referring to "Tea Party" primary win in Delaware, New York and New Hampshire, Kudlow explained that this shift to the right was a net-positive for the economy. "…

I tried to find a nicer way to put it in the headline. But I can't. At the Associated Press, Economics Writer Martin Crutsinger's apparent plug-and-play report less than an hour after the issuance of Uncle Sam's August Monthly Treasury Statement on Monday (his item is time-stamped at 2:56 p.m., which follows the Treasury Department's 2:00 p.m. release by less than an hour) contains three…

This could confirm what many suspected all along - the corporate heads at General Electric (NYSE:GE) would try to use their media holdings to portray President Barack Obama and his administration in a positive light in order to gain a corporate advantage. That's how former CNBC reporter and current Fox Business Network senior correspondent Charlie Gasparino explains it in his forthcoming book…

New York Times reporter Robert Pear ought to consider moonlighting as a stand-up comic in the tradition of Steven Wright. Wright's deadpan delivery is legendary. Pear's deadpan lines in his article about the immense paperwork burden heading the economy's way in the form of requiring IRS 1099 forms to be issued to each and every person paid $600 or more during the course of a calendar year for…

For the record, here are the first and fourth sentences from the Federal Reserve's Beige Book released earlier this afternoon: Reports from the twelve Federal Reserve Districts suggested continued growth in national economic activity during the reporting period of mid-July through the end of August, but with widespread signs of a deceleration compared with preceding periods. ... However, the…