Steinem: Equal Pay Would Be 'Biggest Economic Stimulus Possible'
Business
According to feminist icon Gloria Steinem, America’s best bet for stimulating the economy isn’t tax cuts or trillions of dollars in spending, but equal pay for women.
In a Dec. 15 interview with Fusion, Steinem claimed that “Equal pay for women of all races would be the biggest economic stimulus the economy could possibly have.” She specifically said it would be “way better” than the last…
Press Exaggerates Nov. Existing-Home Sales Plunge by Ignoring Raw Data
The business press worships at the altar of seasonally adjusted data. Most journalists covering the economy don't even bother looking at raw, not seasonally adjusted data, which in layman's terms is best understood as "what actually happened." As I have shown for nearly a decade, this is often a big mistake.
On the rare occasions when reporters take the initiative to look at the raw data, they…
NY Daily News Posts Black Site's Vid As It Ridicules 'White Meatheads'
Rosalind Brewer is CEO of Sam's Club, the wholesale division of Walmart. Sam's claims that it is "committed to being the most valued membership organization in the world."
Brewer is apparently "committed" to a cause which has become quite a distraction from Sam's core commitment. Last week, she told CNN of a meeting she had with a supplier. Was she interested in getting the best prices and terms…
Video
10 Outrageous Ways the Media Were Anti-Business Activists in 2015
Business
Objective journalism is so old-fashioned. Activism is the new objectivity, at least where the liberal media are concerned.
Rather than reporting as neutral outsiders on matters of race, CNN hosts and guest actually put their hands up in the “Hands up, don’t shoot” pose that never happened while reporting on protests. They seize on mass shootings to repeat calls for stricter gun control.
The sad…
AP's D'Innocenzio Makes Disappointing Online Sales Growth Seem Strong
What little remains of the economy's momentum appears to be riding on Christmas season consumer spending being perceived as strong. Unfortunately, it hasn't been.
Following up on her early Friday excuse-making for why things haven't gone too well at the malls so far — it's because the weather has just been too darned nice — Anne D'Innocenzio at the Associated Press worked over the available…
AP's D'Innocenzio: Now It's Warm Weather Hurting Christmas Sales
They have an excuse for everything, don't they?
This morning, Anne D'Innocenzio at the Associated Press actually told readers that this year's relatively warm Christmas season weather is what's hurting Christmas shopping season sales. It couldn't possibly be the "slowdown reality" USA Today cited in headlining Friday's second straight steep stock market drop, could it, Anne? Most other Americans…
AP Howler: Economy 'Healthy' Because of 'Solid Consumer Spending'
For an understanding of just how weak the business press's understanding of economic fundamentals is, look no further than Paul Wiseman's brief "coverage" at the Associated Press Wednesday of the Federal Reserve's awful Industrial Production.
The Fed reported yesterday that industrial production fell by 0.6 percent in November on top of a revised -0.4 percent (down from -0.2 percent) in October…
Absurd Reuters: Today's Homebuilding News 'Signals Economic Strength'
Reuters and reporter Lucia Mutikani went way overboard today in reacting to today's residential construction news from the Census Bureau.
Mutikani's headline contended that today's "housing data signals economic strength," while a section title claimed that there are "strong housing fundamentals." That can only possibly be true if one believes the world began in 2007.
Blogger: Global-Warming Deniers Are Traitors to the Planet
When it comes to global warming, Esquire’s Charles Pierce implies, it’s now conservative Republicans and a few hidebound Democrats versus pretty much everyone and everything else, including the world’s non-human animals and its plant life. Meanwhile, New York magazine’s Jonathan Chait opined that the Paris climate deal was “probably the [Obama] administration’s most important accomplishment."
'Rolling Stone' and 'Nation' Columnist: 'Get Rid of Private Housing'
One hesitates to give attention to Jesse A. Myerson. But it's probably worth it, if for no other reason to contend that many of his beliefs are likely shared by the mindless lemmings disguised as "journalists" who wildly cheered on Saturday when an obviously orchestrated "climate change" agreement designed ultimately to redistribute massive amounts of wealth from developed to underdeveloped…
Video
Jerry Brown's Fondness For 'Coercive Power' Gets Little Attention
Imagine a Republican or conservative governor boasting of his or her use of "the coercive power of government" to accomplish center-right policy goals. The political and media backlash would be furious — and justified.
Such statist rhetoric is becoming ever more commonplace on the left, and is rising to ever higher political levels. The establishment press is mostly ignoring this development,…
Video
Reporters Wildly Cheer As 'Climate Change' Agreement Announced
Apparently a generation of "journalists" has been raised to believe that the matter of human-caused global warming is "settled science," and that anyone who doubts the agenda-driven, redistributionist "climate change" movement is an enemy of civilization. Additionally, these people clearly don't understand the orchestrated, false-drama nature of diplomatic gatherings such as the one in Paris…
Andrea Mitchell Compares Trump and George Wallace Voters
On Friday's Andrea Mitchell Reports on MSNBC, as guest and NBC host Chuck Todd attempted to psychoanalyze Donald Trump supporters, host Mitchell compared Trump voters to those who supported segregationist Alabama Democratic Governor George Wallace in the 1968 presidential campaign, as she and Todd both suggested that Trump supporters believe America was "great" when it was more "majority white."
As Usual, AP Report on Deficit Omits Far Larger National Debt Increase
For a change, Martin Crutsinger's coverage at the Associated Press of the federal government's November Monthly Treasury Statement wasn't completely full of rose-colored baloney.
Crutsinger managed to note how auto-pilot entitlement programs like Social Security and Medicare are bankrupting the country (not in those words, of course). That said, he somehow thought that highlighting a rare and…
