Business Coverage

Back on Christmas Eve of 2009, Obama's Treasury Dept. said it would lift the limits on what the federal government could provide in "emergency aid" to Fannie Mae and Freddie Mac - without seeking Congressional permission.  Very few reporters noticed, except for The Washington Post's Zachary Goldfarb who reported the story on Christmas Day and CNBC CME Group reporter and tea party inspiration…

Compliments sometimes come from strange places, but you'll take them where you can get them, no? It seems that Fox News' March 10 "Glenn Beck" program, in which host Glenn Beck interviewed former Rep. Eric Massa, D-N.Y., captured the attention of both the left and the right. And it may have even put to rest some of the misconceptions about Beck, which are mostly generated by outfits that…

Call it a conflict of interest or what you will - but how should The Washington Post handle formal inquiries into its business practices as it pertains to news coverage? In July 2009, when the Post got in embroiled in controversy over its own pay-for-play scandal, the Post's media reporter Howard Kurtz took on the newspaper's publisher Katharine Weymouth. However, as the March 8 issue of Barron'…

Imagine the audacity of wanting to dispose of your own money as you see fit? The idea is hateful to Bill Scher of the Huffington Post, who demanded in "Super Wealthy Deathly Afraid Estate Tax Would Reduce Deficit" on March 9 that the wealthy "pay their fair share." Scher railed against the Bush tax cuts, and asserted that a 35-45 percent inheritance penalty (the estate tax or death tax) isn't…

Rush mentioned this on the air as his show opened. It comes from the Associated Press, in a later paragraph of an Obama cheerleading item ("Obama pitches health plan in spirited appearance"; AP picture at right is from that story) by Julie Pace and David Espo. The paragraph in question opens by giving readers the impression that either Pace, Espo, or another AP person has actually seen language…

It's bad enough that the Obama administration ("Obama administration encouraged by steady unemployment rate") and Harry Reid (see video snippet at link) both tried to pretend that February's Employment Situation Report issued by Uncle Sam's Bureau of Labor Statistics, which showed that the official unemployment rate was the same as January's 9.7% and that 36,000 seasonally adjusted jobs had been…

On Thursday's Newsroom, CNN anchor Ali Velshi unexpectedly supported Starbucks' decision to stand by its policy of letting gun-owning customers openly-carry their weapons in states where it is legal to do so. Despite hinting he didn't see the need for guns in coffee shops, Velshi stated it was "better for businesses not to weigh into this unwinnable debate."The anchor weighed in on the Starbucks…

It's been proven time and again in over two hundred years of recorded American history, but some people still don't get it - the government is not the most efficient spender of money. On CNBC's March 4 "Squawk Box," in the midst of reporting jobless claims and productivity data, the network's senior economics reporter Steve Liesman offered the suggestion that since some banks were increasing…

When the networks get a story involving food, labeling and health, they know just how to cover it: get reaction from their favorite lefty advocacy group, and paint consumers as defenseless patsies. That's what CBS' "Early Show" and ABC's "Good Morning America" did on March 4. In an alleged violation of the Federal Food Drug, and Cosmetic Act, the FDA has issued its biggest crackdowns in fifteen…

You'd think the money man behind an array of left wing organizations wouldn't need CNN to get out his message about the death and "bankruptcy" of free-market capitalism, but there was left-wing billionaire and financier George Soros on "GPS" Feb.18 Interviewed by Fareed Zakaria, Soros said he disagreed with President Obama's decision to bail out the banks. Soros would have nationalized them.…

After the closing bell on Friday, just in time for everyone to stop paying close attention, mortgage behemoth and ward of the state Fannie Mae ("Fan") released its fourth-quarter and full-year financial results. Its press release (PDF) informs us that its $74.4 billion loss in 2009 (inclusive of dividends paid to the government) followed a $58.8 billion loss in 2008. For those keeping score at…

The adverb that begins with a "U" made yet another appearance yesterday in connection with an economic report. The related noun that begins with an "S" came along for the ride. The news concerned sales of new homes. They fell "Unexpectedly" to their lowest level since 1963, when the U.S population was about 40% lower. The decline was a "Surprise" to economists, who had predicted an increase. It…

Toyota is facing harsh scrutiny from the media and lawmakers - perhaps with justification. But there could be consequences for the U.S. economy. And as Toyota (NYSE:TM) executives have endured two days of congressional hearings on the issues surrounding their potentially widespread defective products, the most aggressive questioners have been lawmakers from Michigan, home of the Big 3 automakers…

Did you think the negative economic reporting would stop once George W. Bush was out of office and Barack Obama was in? It hasn't. Although you could argue that the press has done its best to make Obama look good despite economic troubles, as Congress debates a jobs bill and other legislation meant to improve the economy before elections in November, could the media be painting a darler…