Business Coverage

Over two weeks ago, the Bolivarian socialist government of Venezuela under de facto dictator Nicolas Maduro decreed that private-sector and government workers can be forced to work on farms if the military, which is now responsible for food production and distribution in that shortage-wracked country, deems it necessary. Relevant site searches indicate that the country's forced-labor decree…

The press's reporting on the Obama era's awful economy has been nothing short of abysmal. Looking at the bigger picture on July 25, MRC Business's Julia Seymour named "6 key indicators of (a) weak economy" the press has glossed over or ignored since the recession ended seven years ago. The most obvious item she identified is the fact that the current alleged "recovery" is by far the worst since…

NBC Entertainment Chairman Robert Greenblatt disputed the notion that his network was responsible for Donald Trump nabbing the republican presidential nomination. "There's really not that much of a correlation between one and the other," Greenblatt said in reference to Trump’s appearance on television and his success as a presidential candidate.

Food is so scarce in Venezuela that last week a group of starving people broke into a zoo and killed a horse for food. Burdened by government regulations, Venezuela’s economic crisis and its food shortage are forcing many people to leave their country. However, the networks haven’t done much reporting on the subject. The July 31, NBC Nightly News was an exception.

Venezuela’s economy continues to deteriorate under the rule of its socialist president Nicolas Maduro. The collapsing economy, combined with government regulations and price controls created a food shortage so severe some have taken drastic measures. One group of desperate Venezuelans broke into a zoo and butchered a horse for meat on July 24, according to Fusion’s Manuel Rueda.

Yesterday's news about the economy was the latest in a 7-1/2 year series of mostly regular disappointments. The government reported that nation's Gross Domestic Product (GDP) grew at an annual rate of just 1.2 percent in the second quarter, half or less of what most alleged "experts" expected. Additionally, the first's quarter's originally reported 1.1 percent growth was revised down to 0.8…

Now we know why Nicolas Maduro, Venezuela's de facto dictator, recently handed over responsibility for food production to the military: He's going to need soldiers on farms and elsewhere in the food distribution chain to keep conscripted workers in line. That's because on July 22, now over a week ago, Maduro's government decreed "... that any employee in Venezuela can be effectively made to work…

The latest installment in leftist excuse-making when socialism fails goes into the "It would work if leaders just had the right people handling things" file. It comes in the form of a Friday morning "analysis" at the Associated Press. Writers Jorge Rueda and Joshua Goodman want readers to believe that the economy in the Bolivarian socialist and once fairly prosperous nation of Venezuela would be…

The media exuded panic surrounding the vote for the U.K. to leave the European Union, commonly called Brexit. Reports after the vote panicked over how much markets had fallen, worried about a potential recession for the UK and otherwise attacked the outcome. 

It's a safe prediction that there will be renewed interest in the federal government's perilous financial situation if the country elects someone not named Hillary Clinton as its next president in November. One reason why this prediction is so safe is how little interest there has been in even covering today's news about Uncle Sam's troubling June surplus of only $6.3 billion. The Associated…

Tuesday's coverage at the Associated Press of the deepening humanitarian crisis in the Bolivarian socialist disaster known as Venezuela focused on the conditions in the ever-lengthening lines its citizens must endure in hopes of obtaining enough of the basics of everyday life just to survive. Wire service reports often start off relatively brief and expand as reporters gather more information.…

A June 30 Boston Globe editorial moaned about how "state funding for youth jobs" in Massachusetts "faces damaging cuts." Two kinds of "cuts" are occurring. One is, as of the time of the editorial, an absolute cut in dollar funding for the related government program, known as YouthWorks. However, there is another more significant cut in the number of jobs which could be provided even if dollar…

CBS broadcasts discussing the Brexit Leave vote on Sunday and Monday went to economic "experts" whose "analysis" betrayed partisanship and both feigned and real ignorance. On Sunday on Face the Nation, max 2015 Hillary contributor (as usual, not disclosed to viewers) Mark Zandi of Moody's Analytics predicted that that the UK economy "is going down the rabbit hole" as the result of the Leave…

CBS This Morning took a strange turn during its interview with Chaos Monkeys author Antonio Martinez. Martinez, who publically compared Facebook CEO Mark Zuckerberg to "Fidel Castro", led co-host Gayle King to ask Martinez "is that a compliment?"