Economy

The U.S. economy grew at a 3.3 percent rate in the third quarter, according to the latest estimate from the Commerce Department’s Bureau of Economic Analysis (BEA) released Nov. 29. Guess how much time ABC, CBS and NBC evening news shows gave that good economic news?

Appearing as a guest on Friday's New Day on CNN a year after Fidel Castro's death to promote his film about Castro's Cuba, filmmaker Jon Alpert blamed the United States for the economic failures of communism on the island country as he charged that the U.S. ruined the Cuban economy by flooding the sugar market in the 1970s.

The Left is incessantly freaking about all sorts of things - about which very little freaking is actually necessary. The Media is - by-and-large - the Left’s megaphone. About whatever the Left is freaking - you’ll find the Media freaking. Only louder, with many, MANY more outlets with which to amplify the freaking. The advent of the Internet - has exponentially increased the number of outlets…

At the Associated Press on Friday, economics writer Paul Wiseman attempted to rewrite history, pretending that "trickle down" economics is a term Republicans have used for their economic plans since the days of Ronald Reagan, and that the current GOP tax plan which has made it through the House and is being considered by the Senate is more of the same thing. In fact, Reagan's policies, which were…

When hunting was the major source of food, hunters often used stalking horses as a means of sneaking up on their prey. They would synchronize their steps on the side of the horse away from their prey until they were close enough for a good shot. A stalking horse had a double benefit if the prey was an armed person. If the stalkers were discovered, it would be the horse that took the first shot.…

During Monday’s newscast, CBS Evening News was irritated by President Trump’s position on climate change and how he was putting America at odds with the rest of the world. “At a U.N. climate conference in Germany today, the Trump administration talked up fossil fuels, including coal,” chided Anchor Anthony Mason. “That puts the U.S. at odds with 194 other nations, but some American entrepreneurs…

On Monday’s Morning Joe, the panel brought on liberal economist Jeffrey Sachs to talk about the Republican tax reform bill currently making its way through Congress. Somewhat predictably, Sachs used his platform to attack the plan as a form of “theft,” the “biggest heist in history,” and a plot by America’s “richest gazillionaires” to “bankrupt” the country for their own personal enrichment.…

On the Fox Business Network on Tuesday, Happening Now host Melissa Francis would not let her Democratic Party guest get away with refusing to answer her question about tax reform. Eventually, she goaded former Clinton adviser Simon Rosenberg into acknowledging that he was refusing to answer her question (then why did he appear in what he knew was a discussion segment?); when she wouldn't move on…

Liberals have little chance of converting conservatives on climate change, but eventually righties will get swept to the left on the issue whether they like it or not, believes David Roberts. In a Friday piece, Roberts maintained that “the weather is only getting worse, young people are only getting more engaged, and clean energy is only getting cheaper” and therefore “climate change and clean…

One of the most challenging and important jobs for an economics professor is to teach students how little we know and can possibly know. My longtime friend and colleague Dr. Thomas Sowell says, "It takes considerable knowledge just to realize the extent of your own ignorance." Nobel laureate Friedrich August von Hayek admonished, "The curious task of economics is to demonstrate to men how little…

The U.S. unemployment rate dropped to the lowest level in seventeen years, according to the Bureau of Labor Statistics’ October jobs report. The report also showed 261,000 jobs added, but ABC didn’t bother covering the good economic news on Nov. 3. World News Tonight ignored the report, but found time to cover a study blaming fossil fuels for “man-made” global warming.

At CNN, disgraceful journalism has become so routine that we now expect it to be the rule rather the exception. Even in that context, Daniel Shane's claim at the networks CNNMoney website, manufactured with selective editing, that President Donald Trump doesn't know that Japanese companies already build cars in the U.S., is especially risible.

On Friday, ABC’s Good Morning America touted a new ABC News/Washington Post poll claiming that a majority of Americans oppose the Republican tax plan that was announced on Thursday. The only problem was that the survey was conducted October 29 through November 1, meaning that any questions about tax reform were asked before the GOP actually released the legislative proposal.

The U.S. economy maintained strong growth according to the latest government estimates in the latest example of good economic news. The Bureau of Economic Analysis announced on Oct. 27, that the first estimate of third quarter growth was 3 percent. There are two revisions to come before the end of 2017. But it remained positive news, especially since the BEA also confirmed that second quarter…