Economy

ABC could only devote 14 SECONDS to the latest unemployment news on Friday night. CBS and NBC skipped it entirely. All three networks reported the latest on actress Felicity Huffman's fate in the college-admissions scandal. ABC actually gave that 18 seconds in the promo at the top of the show (and then a two-minute report).

Paypal co-founder Max Levchin sat down with Yahoo! Finance editor-in-chief Andy Serwer to discuss his business experience and weigh in on many hot topics including socialism. He rejected progressive calls for “redistribution” from politicians like Rep. Alexandria Ocasio-Cortez (D-NY). During the Influencers episode released Sept. 5, Serwer asked Levchin what he thinks of Ocasio-Cortez and others…

CNN’s 10 back-to-back “climate crisis” town halls with 2020 Democrats were every bit a sideshow one could expect them to be. But there a few moments, Wednesday night, that stood out as particularly off the rails. Between advocating for global abortions, $16 trillion in new government spending, and insidious proposals to manipulate what you eat, it had some people pointing out it was a gold mine…

Keep government spending at high levels or die young. That’s the stark choice offered by reporter Stephen Castle in Saturday’s New York Times, “Why Are Britons Living Shorter Lives? – Austerity and Illness begin to Take a Toll.” The online headline deck: “Shortchanged: Why British Life Expectancy Is Falling -- For the first time in modern history, Britons are living shorter lives, with poor…

Credit where it’s due: During Wednesday’s evening newscasts, CBS Evening News was the only network news program to report on the FBI’s expansive raids of current and former leaders of the United Auto Workers union. The corruption probe had been going on for four years and netted numerous convictions. Despite all of that, ABC’s World News Tonight and NBC Nightly News completely ignored the story.

As recession headlines and stories proliferate, Fox News MediaBuzz anchor Howard Kurtz had an important question for anchor Maria Bartiromo: could negative media talk damage the U.S. economy? “Do the media have the power, even if they were so inclined for dastardly political reasons, to crash the economy?” Kurtz asked Bartiromo on Aug. 25.

The New York Times retains its bizarre obsession with the left-wing hobbyhorse of “income inequality.” Former economics reporter Binyamin Appelbaum, who betrayed liberal viewpoints in his reporting, is now free to issue unadulterated left-wing opinions from his perch on the paper’s editorial board. His latest Sunday Review piece suggests “Blame Economists for the Mess We’re In.” It began with a…

An unexpected update of the classic Monopoly game sparked an argument between liberals and conservatives because it lampooned socialism. Hasbro’s new Monopoly Socialism board game spawned a viral Twitter argument as well as a defense from Sen. Ted Cruz, R-TX. The packaging calls it “a parody of the classic,” and says “winning is for capitalists” and “what’s yours is ours.” Rutgers history…

On Thursday afternoon, MSNBC anchor Ali Velshi excitedly touted the new $16 trillion climate change plan put out by 2020 Democratic presidential candidate Bernie Sanders and excused the massive price tag by lecturing viewers that “there’s a price to not doing anything or to doing too little.” He then brought on left-wing activists to further justify the extreme policy proposal.

The next recession could bring an economic “revolution,” according to left-wing New York Times tech columnist Farhad Manjoo. He argued that when it arrives it would be “time to go full Elizabeth Warren” because of inequality. Insisting that “a recession looms,” Manjoo fueled envy against CEOs and the wealthy — the very kind of envy that could spur such a “revolution.” Although he attached…

In a story for the New York Times front page Tuesday, “Shareholders Rule No More, C.E.O.s Pledge,” business reporters David Gelles and David Yaffe-Bellany conceded all the left-wing arguments about the evils of big business and roasted Nobel laureate free-market economist Milton Friedman as an avatar of greed: "This mind-set informed the corporate raiders of the 1980s and contributed to an…

During a press gaggle early Wednesday afternoon outside the White House, President Donald Trump absolutely tore into CNN, NBC News, The New York Times, and particularly NBC's Peter Alexander as “an organ of the Democrats” who’s “the most biased reporter” that he makes NBC News less credible than CNN. Yikes. That one’s gonna leave a mark! Alexander first poked at Trump with a question about a…

Yes, it´s true. People over 55 years of age are prospering across the nation. But so are Latinos - and as one Hispanic investment ace tells us, they are not the only ones, much to the chagrin of the liberal Spanish-speaking media that continue to make a case for an ailing economy about to crash and for Donald Trump to be deep-sixed.

In just three nights of coverage, ABC, CBS and NBC evening newscasts spent more than 11 minutes talking about the threat of recession and economic worries mostly tied to one economic signal. The main reason for concern was that the yield on a particular short-term versus long-term Treasury bond inverted (generally long-term bonds have higher yields) and spooked investors on Aug. 14. This sent the…