Economy

The Associated Press's choice of a headline to accompany business writer Stan Choe's Saturday morning report on the state of the economy — "MAIN STREET HOLDS UP AS WALL STREET STRUGGLES, FOR A CHANGE" — has a couple of interesting implications. Is AP celebrating the fact that Wall Street is struggling? Or does the idea that "Main Street" is holding up "for a change" mean that it hasn't been…

On Thursday, Venezuela's Supreme Court decided to grant Bolivarian socialist "President" Nicolas Maduro what an unbylined Associated Press report described as "broad decree powers" to deal with the economic crisis and humanitarian nightmare he and his predecessor Hugo Chavez created. Maduro's government now for all practical purposes has total control of that nation's economy, which in the…

Well, well, the stock market has, of a sudden, caught up with the Obama economy. The spectacle is not pretty. 

Appearing on Friday’s Ellen DeGeneres Show, President Obama lamented the “Twitter culture” in which people “expect quick answers without sacrifice” and complained about supposedly unfair media coverage: “The amount of stuff that is just put out there on the internet or on sometimes news broadcasts that are just factually inaccurate is surprising and it’s really hard to catch up.”

Joan Walsh, who after a long tenure at Salon.com is now National Affairs Correspondent at far-left publication The Nation, is responding as leftists usually do when their favored candidates and causes are in trouble: immaturely, and by smearing recalcitrant people who, in their fevered minds, should be supporting them. Walsh is a big fan of Hillary Clinton, whose legal and electoral situations…

The Federal Reserve, Fed Chair Janet Yellen, and the ever-cooperative Associated Press have a message for America: "If there's an economic downturn, even one that turns into a recession, it's going to be the rest of the world's fault. The U.S. economy is fine, and it will stay fine if everybody else doesn't ruin it." As the AP's Martin Crutsinger reported today ("YELLEN: TOO EARLY TO DETERMINE…

If you're a couple of reporters at the Associated Press, aka the Administration's Press, it's one thing to be personally disappointed and even upset at yesterday's move by the Supreme Court to grant a stay to states challenging the "Clean Power Plan" regulation issued by the Obama administration's Environmental Protection Agency last October. It's quite another thing to falsely portray what…

In an extensive interview for Wednesday’s CBS Evening News, anchor Scott Pelley took a stroll with socialist Senator Bernie Sanders around his childhood neighborhood in Brooklyn but not before a surprisingly tough sit-down that hit Sanders from the right on tax increases, the minimum wage, and how his ideas would be guaranteed to be “dead on arrival” in Congress.

Playboy has jettisoned the nudity, but the Interview remains, and its subject in the new issue is MSNBC’s Rachel Maddow, who discusses topics such as her fondness for the music of Thelonious Monk; the recipe for a cocktail called an Aviation; and (mostly) politics. Maddow declares that she’ll never run for office and says an imaginary Maddow presidency would consist of her “getting sworn in and…

Yesterday, Politico reported that in a Wall Street speech, Hillary sounded more like "a Goldman Sachs managing director." Today, Bloomberg's Josh Green quoted a financial CEO who attended another Clinton speech as saying Hillary "lavished praise on Wall Street, said you guys are the pillar of our economy."  Ruh-roh: how will the increasingly left-wing Dem electorate react to that? GOP strategist…

On Friday, in its January Employment Situation Summary, the government's Bureau of Labor Statistics served up a stack of lemons disguised as lemonade. President Barack Obama declared in a tweet that "We've recovered from the worst economic crisis since the 1930s," and the press dutifully fell in line. The BLS reported that the economy added seasonally adjusted 151,000 payroll jobs and that the…

Daily Kos writer Mark E Andersen makes political correctness sound healthy and utterly bland -- the ideological equivalent of plain oatmeal. “Political correctness is nothing evil,” declared Andersen in a Sunday post. “It is not a liberal plot…It is about being a decent human being—period.” Andersen hinted that some non-decent, anti-PC human beings (i.e., conservatives) are concealing racist and…

MSNBC host and Thursday’s Presidential Candidates Debate co-moderator Rachel Maddow wondered aloud to Hillary Clinton whether some of the positions she’s held at various points warrant concern for the Democratic Party that she’s “too far to the right...to be the party's standard bearer” in the 2016 general election.

On Wednesday, Christopher Rugaber at the Associated Press was tasked with covering ADP's morning report on January private-sector payrolls. At 8:15 a.m., the payroll and benefits giant estimated that the economy added 205,000 seasonally adjusted private-sector jobs last month. Rugaber also attended the 8:30 a.m. conference call which followed the report's release. It's clear that he was on it…