Business Coverage

A New York Times article by Nick Bunkley on Friday targeted for print on Saturday about the status of contract talks between Ford Motor Company and the United Auto Workers piqued my interest in a previously neglected but important matter. Ford and the UAW are apparently close to an agreement. In describing what Ford workers are being asked to give up, Bunkley wrote the following (bolds are mine…

As the old saying goes, a photo can say a thousand things. But what it can't say is how it can be used to say one thing, but really be another thing. And that's just how The New York Times used it. In the Oct. 9 issue of the Times, an article by Simon Romero and Clifford Krauss examined the events in a decade-and-a-half-long legal battle between a left-wing environmental group, supposedly…

As if the Fannie Mae and Freddie Mac (Fan and Fred) crackups weren't bad enough, IBDeditorials.com noted on Thursday evening that another bad-mortgage shoe is about to drop. This time it's at the Federal Housing Authority (FHA). First, let's revisit Fan and Fred to remind readers just how complete the disaster has been at these decades in the making Democratic crony-controlled entities. A…

It isn't often that one can see two decades of history re-written in under ten minutes.  But such was the occasion on this morning's episode of Morning Joe. Max Blumenthal, author of "Republican Gomorrah: Inside the Movement that Shattered the Party," spent his time on the show demonstrating the combined power of cognitive dissonance, wanton ignorance, and a willingness to re-write historical…

We've already seen CNN's Paul Begala, affectionately referred to as "The Forehead" by Rush Limbaugh, and one ESPN personality, Fred Roggin, taking shots at Limbaugh on the heels of news of his interest in the National Football League's St. Louis Rams. But it was just a matter of time before the usual culprits on the left would attempt to make an issue of it, in what seems to be an effort to…

In early July, following the very first month after Chrysler LLC emerged from bankruptcy, the Associated Press, in an unbylined report about changes in the company's board, saved this little nugget for the last of its eight paragraphs: Chrysler's poor June performance also casts doubt on whether the U.S. government's $7 billion allocation will be enough to get the automaker through the U.S. sales…

Based on the data, the current job situation for teenagers in America is the worst on record. According to Uncle Sam's Bureau of Labor Statistics: Seasonally adjusted teenage unemployment hit 25.9%. That is the highest rate in the nearly 62 years BLS has been reporting this number. The previous record was last month's 25.5%. The record before that was 24.1% in November and December of 1982. A…

Former Clinton Labor Secretary and current Obama economic advisor Robert Reich was laughed at Friday for claiming "the stimulus package is the thing that is actually keeping the economy up, keeping people employed." In a discussion on CNBC about the larger than expected September job losses reported Friday by the Labor Department, Reich was explaining to hosts Melissa Francis and Lawrence Kudlow…

BMI's Julia A. Seymour appeared on today's Fox Business Live with Stuart Varney to discuss the discrepancy in media coverage of unemployment under Presidents Reagan and Obama. Author of BMI's latest study, "Networks Flip-Flop on Jobs," Seymour explained her findings: We looked specifically at seven months of coverage in 1982 and again in 2009 that had very similar periods of unemployment…

In a great NewsBusters post early this morning, Rusty Weiss wondered how much local media coverage there has been of ACORN's suspension of services, and focused on potential vote fraud in Albany and Troy, New York. Here's a question local reporters looking for an angle should be asking, even in the somewhat unlikely event they can't find anything corrupt or criminal at the ACORN office in their…

The headline and the first paragraph from this Friday Wall Street Journal report by Josh Mitchell and Stephen Power reads like a bad joke Jay Leno's writers would have discarded, because no one would believe it. The second paragraph isn't much better:Gore-Backed Car Firm Gets Large U.S. Loan A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government…

Recent videos from two investigative reporters, James O'Keefe and Hannah Giles, with the help of Andrew Breitbart, showed that community-group ACORN engaging in scandalous practices. But MSNBC host Rachel Maddow argued Sept. 24 that wasn't the story that mattered.  ACORN, the Association of Community Organizations for Reform Now, was hit hard by the videos showing employees giving tax avoidance…

As far as the establishment media is concerned, the Cash For Clunkers program Uncle Sam conducted in July and August was a smashing (excuse the term) success. That's the case, despite the deliberate destruction of hundreds of thousands of perfectly usable vehicles, late payments to dealers (the USDOT is finally catching up), the program's failure to give much relief to government bailout…

Thanks to info "steveegg" at No Runny Eggs linked me to earlier today, I had to add the word "Annual" before "Cash Flow" at this post (at NewsBusters; at BizzyBlog) that originally appeared Wednesday. That's because the system is already running monthly deficits, and significant ones. Back in February, the system also ran a deficit. It was bad news, but because February is an unusual month…