Economy

To lift themselves out of poverty, developing nations would do well to pursue a free market economic model. What's more, free markets are actually biblically justifiable and ultimately of greatest moral and material benefit to human beings compared with centrally-planned or socialistic models. In other words, there is a Christian case for free markets and free enterprise. That's the argument…

Appearing as a panel member on Sunday's Melissa Harris-Perry show on MSNBC, liberal columnist and former CNN correspondent Bob Franken accused those who complain about "class warfare" against the wealthy of themselves waging "class warfare," but in their case, "against everybody but the super rich class." Franken's negative interpretation of those who support capitalism came after host…

 All three networks on Tuesday and Wednesday touted a new report showing the gap between the wealthiest one percent of Americans and everyone else has grown to its widest level since the Great Depression. Yet, none of them mentioned that Barack Obama was president for the last five years, the time in which the disparity grew so large. In contrast, ABC, NBC and CBS hammered Mitt Romney in 2012…

Jay Leno was at his comedic best Tuesday evening. The NBC Tonight Show host spent much of his opening monologue lampooning President Obama beginning with, “It's still a little warm, but you can tell fall is coming...The leaves are changing faster than the White House position on Syria” (video and transcript follow):

Catholic News Agency is ahead of the curve on a likely major development affecting a U.S. household name. The Coca-Cola Company's sponsorship of a "controversial Spanish reality (TV) show" ("disgusting" would appear to be a better word) in Spain is blowing up in its face, and not only because of the content of the program itself. The caustic reaction of a Coke executive to those who have…

In a Saturday afternoon dispatch, the Associated Press marred a mostly decent presentation of the August employment situation reported by the government yesterday in three ways. The first is the story's misleading headline: "The Job Market Fed Faces: Healing But Still Ailing." Whether there's genuine healing going on is highly debatable, given that the labor force participation rate fell to…

Two months ago, NewsBusters asked when the Obama-loving media would get around to reporting the poor quality of jobs being created in this economy. On Friday, the NBC Nightly News did just that in a surprising segment that included a reporter actually saying, "Of the eight hundred forty-eight thousand jobs created this year, nearly two thirds are part-time" (video follows with transcript and…

Charles Krauthammer blasted Friday’s news that there are now over 90 million Americans no longer considered part of the workforce. Appearing on Fox News’s Special Report, Krauthammer said, “This is what happens when you become a European-like country.”

In Wednesday's Wall Street Journal, Stephen Moore had an excellent op-ed about how the Obama economy was hurting the president's political base the most. The next day, Journal reporter Julie Jargon shed light on an IRS rule change which will adversely affect waiters and waitresses throughout America by judging tips earned as a result of an "automatic gratuity" to be a "service charge" that is…

On Wednesday's CBS This Morning, Jan Crawford boosted the latest pro-ObamaCare campaign from the President's supporters in Hollywood. Crawford played back-to-back soundbites from liberal comedian Will Ferrell's "Funny or Die" website, and highlighted the list of celebrities who have signed up for the campaign. The correspondent did later acknowledge that the controversial law is still "…

In a Thursday morning speech, AFL-CIO head Richard Trumka told of how surprised how he was, in the words of Time's Alex Rogers at it Swampland blog, "that employers have reduced workers’ hours below 30-a-week to avoid an employer penalty scheduled to go into effect in 2015." Here's another "surprise" from Rogers' report, at least for those who think that lawmakers sit alone and draw up 2,000-…

At the New York Times's "Dot Earth" blog, Andrew Revkin reports that "the science on a connection between hurricanes and global warming is going in the opposite direction" — as in, the evidence that the connection between human-caused global warming (overgenerously assuming that there is any) and hurricane intensity or frequency of "heavy precipitations events," as shown in a "snapshot" of a…

Among ten charts presented by Brad Plumer at the Washington Post on Wednesday, the 50th anniversary of Martin Luther King's "I Have a Dream" speech at the 1963 March on Washington, all meant to show that "the black-white economic gap hasn’t budged in 50 years," is one which purports claims that "The gap in household income between blacks and whites hasn’t narrowed in the last 50 years." Words…

If we're to believe Tom Raum's Friday afternoon report at the Associated Press, aka the Administration's Press, the economy is humming along smoothly enough that we really shouldn't think about it that much any more, especially as something to consider when voting. And besides, it's being "eclipsed" by "other pressing events." I'll stay away from those other "events" in the interest of…