Business Coverage

During a report promoting U.S. companies expanding business in Cuba, correspondent Margaret Brennan also lamented a downside: “Cuba remains one of the few countries in the world left virtually untapped by American corporations due to the long running trade embargo....But visitors like Manuel Leone fear that an influx of big businesses will endanger Cuba's unique charm.”

It hurts to discover your political hero is just another sell-out hack. And so it was for Mika Brzezinski today, confronted with the reality that her idol, Elizabeth Warren, whom she was promoting for president as early as 2013, has apparently sold out in return for a spot in a a prospective Hillary Clinton administration. Today's Morning Joe rolled a clip of Fauxcahontas repeatedly dodging…

The government's Bureau of Labor Statistics reported today that consumer prices fell 0.2 percent in February. Lower prices should be good news, right? Wrong, at least according to Martin Crutsinger at the Associated Press. Crutsinger's Wednesday dispatch also managed to ignore the fact that even the supposedly low inflation seen during the past 12 months has eaten up most of workers' very…

In a Monday afternoon post which gets close to taking pleasure in the serious economic decline in the heart of the coal mining industry in West Virginia, CNN Money's Patrick Gillespie observed, based on Hillary Clinton's recent remarks about coal miners' jobs, that she "has no love for coal companies." But in Gillespie's world, what Mrs. Clinton said doesn't matter, because "Clinton won't have…

The business press's determination to convince the public that weak economic news is really strong seemingly knows no bounds. Today, shortly after the Federal Reserve's Industrial Production report for February showed a seasonally adjusted 0.5 percent decline — worse than expectations of -0.3 percent — the Associated Press pretended in its headline and in reporter Christopher Rugaber's first…

Today's report from the government on February's retail sales was awful. Last month's sales fell by 0.1 percent, which was bad enough. Beyond that, January's originally reported 0.2 percent increase was revised down to a 0.4 percent decrease. Additionally, as I noted at my home blog this morning, January's seasonally adjusted revision should have been much worse, based on how terrible that month'…

Democratic Presidential candidate Hillary Clinton recently admitted her policies would put a certain group of people out of work, which could cost her support if the liberal media reported it. At a CNN/TV One town hall event in Ohio on March 13, Clinton said, “[W]e’re gonna put a lot of coal miners and coal companies out of business. Right, Tim? And we’re gonna make it clear that we don’t want…

Retail giant Wal-Mart Stores Inc. apparently got on the good side of the Associated Press a year ago when it announced that would be raising entry-level wages. Since that announcement, AP, in particular wire service reporter Anne D'Innocenzio, has been excusing the company's relatively poor financial performance while complimenting it for a virtually imaginary "perk up" in sales. Falling profits…

From reading most establishment press news, especially their economy-related reports, you'd think that those who are complaining about the current U.S. economy are outliers — especially the millions of Americans who are angry about it. Though they sometimes acknowledge that forward progress  since the recession hasn't been robust, the media's meme-makers have mostly told us that "overall job…

For years, Andrew F. Puzder, the CEO of CKE Restaurants, the parent company of the Carl's Jr. and Hardee's fast-food chains, has been telling the world that while the U.S. government makes life needlessly miserable for businesses, California, where it has been headquartered, is exponentially worse. This week, CKE announced that it is moving its headquarters to Nashville, Tennessee. A story at…

Actual sales at the wholesale level in January, as reported today by the Census Bureau, fell sharply from December. That's to be expected. But this time was different — really different, because the drop was to a level lower than January 2012, i.e., four years ago. Four press outlets which covered today's release either missed (or ignored) this shocking news. They only told readers about what…

Score another blow for (allegedly) "unintended consequences." A proposed 33-page rule applying to investment advisers emanating from the Department of Labor would redefine the fiduciary relationship between investment advisers and their clients investing for retirement, which is the predominant objective of most investors. According to the Wall Street Journal, the rule "could be released as soon…

Columbia Journalism professor Dale Maharidge has produced a lengthy lament about the state of print and newsroom journalism, and how hard it's been on those forced out of their jobs. It's present online at The Nation, one of the far-left's flagships, and at BillMoyers.com, the web site of the former Johnson administration press secretary. The delusional Moyers believes that "We have an…

The press is mostly thrilled over yesterday's Employment Situation Summary from the government, which reported that the unemployment rate stayed at 4.9 percent and that the economy added 242,000 seasonally adjusted payroll jobs. President Barack Obama took the opportunity to take what CNBC's Jeff Cox described as "a victory lap ... in Friday remarks to the media." Well, why not? Obama was secure…