Economy

The latest estimate of economic growth for the final quarter of 2012 published by Uncle Sam's Bureau of Economic Analysis on Thursday told us that the economy grew at an annualized rate of 0.4%. Not annualized, that means it actually grew by 0.1%. A $100,000-a-year business doing that "well" during a quarter would have seen its sales increase by $25 (.001 times $100,000 divided by 4).…

At the Politico, Darren Samuelsohn reports that "The public has largely tuned out the Democrats’ repeated warnings about ... (what will happen) if the sequester cuts stay in place." He also notes in a separate report that Republicans "Republicans are winning the sequester wars," and that "even the White House admits there’s little chance of reversing all the cuts." Of course, what's in…

Mark Shields on PBS's Inside Washington Friday made a comment that perfectly defines how liberal media elites view the financial success of anyone other than themselves and their ilk. Misquoting the late English author G.K. Chesterton, Shields said, “Wherever they are, the rich are the scum of the earth" (video follows with transcript and commentary):

A quick review of recent dispateches from the Associated Press, aka the Administration's Press, finds four items which unskeptically take claims of "global warming" at face value -- and that's just from Thursday and Friday. Too bad for AP, and the public at large being brainwashed by the incessant repetition of what is proving to be patently false, that we're nearing the two-decade mark of…

So much for Cyprus being a "one-off." On Wednesday, Bruno Waterfield at the UK Telegraph relayed that "Jeroen Dijsselbloem, the Dutch chairman of the eurozone, told the FT and Reuters that the heavy losses inflicted on depositors in Cyprus would be the template for future banking crises across Europe." That's "would," not "could." The Associated Press hasn't had the nerve to correctly…

St. Louis Post-Dispatch columnist Bill McClellan is mighty proud of himself this week. Today, he wrote that the negative response to a column he wrote on Wednesday ("One last call to service – end military funeral honors") is "pig heaven for an attention-craving columnist." The porcine parallel McClellan made seems more than appropriate in the circumstances. You see, Budget-cutter Bill is…

On Thursday, George Stephanopoulos touted how legalizing same-sex "marriage" would supposedly bring in additional revenue into the federal government's coffers. The former Clinton administration official claimed that "the Treasury would actually take in more money if gays and lesbians were allowed to get married and get federal benefits." Stephanopoulos cited an eight-plus year old study…

The Comcast Corporation, sole owner of NBCUniversal now, recently made the decision to refuse advertising from gun stores and ammunition manufacturers. Operating in 39 states and the District of Columbia, it is by far the largest cable company in the country. What's more, it holds a regional monopoly on cable TV in a multitude of markets, meaning it's the only affordable televised commercial…

On February 28, though he hedged a bit, Martin Crutsinger at the Associated Press, aka the Administration's Press, wrote the following about prospects for economic growth: "The only impediment may be the across-the-board government spending cuts that kick in Friday — especially if those cuts remain in place for months." Having established the template, the self-described Essential Global News…

Sometimes one learns interesting things perusing stories at tech web sites. A report by Michelle Maisto at Eweek about Yahoo CEO Marissa Mayer has one nugget of information which has been out there for a while, and another which I believe hasn't been and still isn't widely known about both Mayer and her former employer Google. Both items indicate to me that Mayer as a woman and the two tech…

Let’s all be thankful for CNBC. On this morning’s Squawk Box, co-host Joe Kernen raised a question that the Big Three broadcast networks have been afraid or unwilling to touch thus far. While Kernen was chatting with CNBC Chief Washington Correspondent John Harwood about the sequester, Harwood brought up the FAA’s announcement that it will close 149 air traffic control towers next month.…

Don't tell us that Al Sharpton and MSNBC are hypocrites?  Noooo!!  The Reverend Al opened his show by praising President Obama's efforts to promote tougher gun control laws.  But 28 minutes into the show, a commercial appeared for, of all things  . . . Henry Repeating Rifles.   Go to Henry Rifle's website and you'll find one rifle described as "big, brutal and beautiful" and noting that it…

AP Reporter Dina Cappiello at the Associated Press, aka the Administration's Press, has put up what I guess is supposed to be an analysis of President Obama's possible actions relating to "climate change" that is so bad that an adequate critique would require a college term paper -- at one of the few colleges left which doesn't brainwash and intimidate students into believing the alleged…

Almost eight years after the Supreme Court's odious Kelo v. New London ruling and eight years of press failure to report the utter lack of subsequent development in the affected area in New London, Connecticut, construction might start taking place in a couple of months -- emphasis on "may." What's notable about how Kathleen Edgecomb at the New London Day wrote up her Sunday story is how hard…