Economy

After opening the day at about the same level as Friday's close, the three major U.S. stock indices fell by over 2 percent Monday (DJIA, -2.08%; S&P 500, -2.28%; NASDAQ, -2.61%). About half of the rout took place in the first 30 minutes after the 10:00 a.m. release of two reports, one on manufacturing activity and the other on construction spending. The former, from the Institute for…

On Monday evening, CBS was the only network to report on hidden subsidies in the new farm bill and give voice to a government spending watchdog. NBC and ABC both ignored the story. CBS's Sharyl Attkisson listed hidden taxes or spending increases in the bill which included "a new 15-cent fee on every live-cut Christmas tree sold to create a board to promote Christmas trees."

Salon.com apparently get can't get enough of former Occupy Wall Street participants, as the website featured far-left "journalist" Jesse Myerson on Sunday. Myerson, who infamously pushed for socialism in a January 2014 piece in Rolling Stone, listed seven supposed "huge misconceptions" about communism, and tried to whitewash the tens of millions butchered in the name of the discredited ideology…

John Merline at Investor’s Business Daily reported Monday that the hot media topics of income inequality and immigration are “are wildly out of touch with the American public, according to the latest IBD/TIPP Poll.” When asked which should be a top priority of the president and Congress, 49 percent said the economy and jobs. Another 16 percent picked the national debt, and nine percent named…

On Friday's All In show, MSNBC host Chris Hayes gave a commentary opposing the Keystone pipeline as he compared America's use of oil to "drug addiction," and pushed the far left idea of leaving 80 percent of the world's oil reserves untapped to supposedly prevent the world's temperature from increasing. The MSNBC host suggested that conservatives are like addicts who are in denial, with…

David Gregory decided to play liberal activist Sunday morning and took off his journalist hat during an interview with White House Chief of Staff Denis McDonough. The NBC host expressed dissatisfaction that President Obama hadn’t received the credit he’d apparently been owed from both the media and the American public and complained to McDonough about “wonder why the president doesn't get…

In yet another negative milestone for the bailouts that supposedly saved the U.S. auto industry — already a hard-to-handle claim given that Chrysler, one of the two beneficiaries, is now 100% owned by an Italian company — Volkswagen has surpassed General Motors as the world's number two automaker behind Toyota. The reporting on this development has been quite sparse. It's not news at the…

The Associated Press, Bloomberg and Reuters all focused on the supposedly positive news of increased consumption reported in today's "Personal Income and Outlays" release from the government's Bureau of Economic Analysis. In the process, two of the three ignored a particulary dreadful statistic about disposable income, while the third (Bloomberg) misinterpreted its meaning. The dire statistic…

On her Thursday 1 p.m. ET MSNBC show, host Andrea Mitchell gushed over NBC News special anchor Maria Shriver's political activism as "the force behind the influential Shriver Report about women and poverty in America": "Maria, my God, what you have started, what you have launched here....Equal pay for women...you went and you talked to the President about before his State of the Union, when he…

Today, President Obama is going to ask a group of private-sector companies to help him try to solve a problem his administration's policies have seriously worsened, namely long-term unemployment. Of course, that's not how Josh Lederman at the Associated Press, aka the Administration's Press, framed the situation. All he would concede is that "long-term joblessness in the U.S. remains a major…

You really have to listen to Mika Brzezinski's voice rising as if in a question as she pronounces the very last word in an excerpt from a Wall Street Journal column—and watch the expression on her face—to appreciate how utterly baffled, befuddled and bewildered she seems by the simple notion that increasing the cost of hiring motivates employers to automate their operations. The column, "The…

For some liberals in the media, working to ensure equality of  opportunity just isn’t enough. They want to see every American achieve an equal outcome and government have an active role in redistribution of wealth. Matthew Yglesias, business and economics correspondent at Slate, made such a contention in a Thursday article titled “Sorry, Equal Opportunity Isn’t Good Enough.”

At the Associated Press, labeling conservative politicians as "far-right" comes pretty easily. "Far-left"? Not so much. That there was even one item in the "far-left" search just noted is unusual. It's even more remarkable that the underlying report was written by Steve Peoples, a far-lefty disguised as a reporter if there ever was one. Excerpts from his Wednesday dispatch follow the jump.

In his Tuesday night State of the Union speech, President Barack Obama made the following pledge: "In the coming weeks, I will issue an Executive Order requiring federal contractors to pay their federally-funded employees a fair wage of at least $10.10 an hour – because if you cook our troops’ meals or wash their dishes, you shouldn’t have to live in poverty." One would have every reason to…