Business Coverage

It seems that not even the truth can possibly overturn the narrative that President Obama and the Democrats in Congress have brought transparency to Washington.Last Wednesday I wrote about how the Dodd-Frank financial regulatory bill Obama signed into law last month contains a provision exempting the Securities and Exchange Commission from Freedom of Information Act requests. Such an exemption…

It would appear that someone at CNBC listened to the Mark Levin Show on Thursday. Either that, or someone at the network paid attention to his or her e-mail alerts and read my post that went up in the wee hours Friday morning (at NewsBusters; at BizzyBlog). Likely in response to our criticisms, CNBC has revised and "clarified" a report by CNBC staff writer Jeffrey Cox. The network's revised and…

CNBC.com's Jeff Cox needs to brush up on his financial history. He believes that George W. Bush's 2001 and 2003 tax cuts affected only the highest-earning taxpayers, i.e., those who gross $250,000 a year of more. He's wrong. Here's part of what Cox posted this morning (erroneous statement is bolded; HT to Mark Levin in his Thursday broadcast): Letting Bush Tax Cuts Die Would Kill Recovery:…

Free enterprise and the American marketplace – not the guiding hand of government – have revitalized the beleaguered automaker General Motors, which expects to announce another profitable quarter, according to GM officials.  President Barack Obama plans to visit a GM plant in Hamtramk, Michigan on July 30, and his administration is linking GM’s return to profitability with the bailout of the…

Thanks to Shirley Sherrod, Andrew Breitbart, and the NAACP, political journalists have supposedly discovered the importance of "context" (though they strangely seem to lost interest once fuller context items like this and this became known). It would be helpful if such an interest in full context would legitimately and consistently spread to business reporting. Full context would include looking…

ABC's "World News" on Sunday caught up to CBS and NBC in fretting about the potential problems caused by illegal immigrants who may be leaving Arizona before the state's new law takes effect on Thursday. Correspondent Barbara Pinto devoted her entire piece to lamenting the possible damage to small businesses whose customers are presumably now leaving the state, but offered less than a sentence to…

Despite his aloofness, it might be time to become a fan of Facebook CEO Mark Zuckerberg."World News" devoted three segments to the social networking company on July 21, the day it reached 500 million users. Reporter Bill Weir and anchor Diane Sawyer profiled Facebook and interviewed its CEO Mark Zuckerberg. Zuckerberg responded to Sawyer's questions about Facebook including whether or not…

The news media love to bash businesses and support regulation, so Newsweek's mockery of the CEO class and claims that they accomplished nothing between 2001 and 2009 shouldn't be a surprise. In his July 20 "Poor Little CEO's" story, Newsweek's Daniel Gross, known for his "tea bagging" comments and staunch defense of Obama, derided a July 12 "Jobs for America" summit held by the U.S…

Geez, can't anybody here play this game? During his visit to Holland, Michigan on Thursday, President Obama spoke with NBC's Chuck Todd. NBC aired the interview on the NBC Nightly News and The Today Show. (On Friday morning, NB's Geoffrey Dickens covered a separate aspect of that interview relating to the recess-appointed Donald Berwick.) In reporting on that interview, the Associated Press…

There are two different ways of defining a recession. The Associated Press is using one of them to define its beginning, and the other to define its end. Using the former makes George Bush look bad; using the latter makes Barack Obama look good. Imagine that. The traditional definition of "recession," which is used as the official metric in the vast majority of countries around the world, is…

Chrystia Freeland, global editor-at-large for Reuters, believes the new financial regulations are still pretty loose."It is still a very feudal, very Byzantine regulatory system," Freeland complained on the PBS News Hour with Jim Lehrer, referring to the Senate's approval of a financial regulations bill yesterday.A radical policy, Freeland maintained, could have done away with the current "…

UPDATE, JULY 18: This post was based in an Associated Press's quote of a statement President Obama made to NBC News that "my policies ... got us out of this mess." Subsequent review of the video and transcript of that interview shows that the President really said "my policies ... are getting us out of this mess." I have prepared a follow-up post dealing with this matter and a separate…

In August 2009, much to the chagrin of leftist environmental activists, the generally liberal electorate of the city of Seattle rejected a 20-cent tax on plastic shopping bags. In fact, 58 percent of voters voted to reject the proposal, although the Seattle Post-Intelligencer sought to portray the vote as the result of the plastic industry plunking down $1.4 million in advertising opposing the…

If Newsweek magazine isn't anti-business enough for you, perhaps their list of "Business Books You Need to Read Now" will satisfy. On July 14, Newsweek published a list of ten books they described as "best business literature out there." The list of ten current titles was decidedly anti-business. Newsweek included an interview with each book's author. The list included: "War at the Wall…