Economy

On Monday's Morning Edition, NPR's Larry Abramson boosted an "international boycott movement" against Israeli company SodaStream without mentioning the left-wing ideology of the organizations behind the protest. Abramson merely described the boycott organizers as "supporters of Palestinian rights." The correspondent featured a soundbite of a December 2012 anti-SodaStream protest in Boston,…

There's a domestic energy boom happening in America producing thousands of jobs with the likelihood of creating thousands more if Washington doesn't get in the way. Not according to Robert Redford who published a scathing attack on such efforts at the Huffington Post Sunday evening calling on President Obama to "say no" to the Keystone pipeline.

Last week, President Obama blamed Republicans for the poor state of the economy. On CNN's State of the Union Sunday, former Bush Labor Secretary Elaine Chao scoffed at this saying, "I don't know how he can say that when he had control of both the houses in the legislative branch. He had control over the White House."

Following the governmemt's Employment Situation Summary yesterday, two words were noticeably absent at the Associated Press (here, here, and here), Bloomberg, Reuters, CNBC, and the New York Times: "seasonally adjusted." While they told their readers of the number of jobs supposedly added in total (157,000) and in other sectors, the fact remains that in the real world, before seasonal…

Yesterday at the Associated Press, aka the Administration's Press, Christopher Rugaber really wrote that the government's Employment Situation Summary released Friday was "mostly encouraging." The Friday morning dispatch, still present at Yahoo News but which has understandably disappeared from the wire service's national site, stuck with his smiley-faced description even as he noted, "one…

The Bureau of Labor Statistics on Friday reported upside revisions to the number of jobs that were created in last year's fourth quarter. Appearing on CNBC's Squawk Box, Austan Goolsbee, the former Chairman of the Council of Economic Advisers under Barack Obama, joked, "It’s an elaborate left-wing plot to make the numbers much better several months after the election so that nobody thinks…

The Bureau of  Labor Statistics released jobs numbers for January Friday showing that nonfarm payroll employment increased by 157,000 and the unemployment rate rose to 7.9 percent. Lost in these headline numbers was another rise in the number of people not in the labor force.

Darn that economy. Why won't it behave? Doesn't it realize that Barack Obama has more important things to do than worry about its health and well-being? That's the tone I get from a story headline at the Associated Press, aka the Administration's Press, about how "ECONOMIC JITTERS COMPETE WITH OBAMA AGENDA." The poor guy; he has to pay attention to something he must have thought he could keep…

Someone needs to tell Dylan Byers at the Politico that the 2012 presidential smear campaign is over, and their guy won. Byers seems not to have gotten the memo, and is still engaged in associating Mitt Romney with the firm he left in 1999 any time it has involvement in decisions relating to layoffs. In the current instance, Bain was engaged as an advisor to a new CEO at Time Inc. -- meaning…

The economy shrank in the fourth quarter of 2012, indicating that growth remains a problem. The woes made the New York Times front page on Thursday, "Growth Halted In 4th Quarter Despite the Fed," though the story by Nelson Schwartz and Binyamin Appelbaum was not prominently featured (and Obama wasn't mentioned until paragraph 12, in a quote from Reince Priebus, chairman of the Republican…

Economic activity in the U.S., turned negative in the fourth quarter of 2012 according to the Commerce Department, just one day after a huge drop in consumer confidence was announced. This took the media entirely by surprise. It was the first time the economy went into negative territory since the recession ended. But this significant report was completely ignored by NBC “Nightly News,”…

Over the past few years, Paul Krugman has become known as one of the most rabid leftists prominent in the national political scene. He is, as George Will once described him, famous for believing that anyone who disagrees with him is “a knave or corrupt or a corrupt knave.” What you may not know, however, is that that the very angry leftist New York Times columnist has actually diverged quite…

This is so pathetic and predictable, you could almost set your watch to it. Just ten hours after a government report showed that the economy went into contraction for the first time in three years during 2012's fourth quarter, an item penned "by the editors" at Bloomberg News appeared which scolded us that the nation's gross domestic product (GDP) is an "imperfect measure of progress," and…

Yesterday (at NewsBusters; at BizzyBlog), reacting to a disgracefully biased January 27 report by Andrew Taylor at the Associated Press, aka the Administration's Press, on the "no budget, no pay" provision in debt-ceiling legislation passed by the House, I wrote that "Taylor’s report is historically bad ... Sadly, I believe AP can do much worse during the next several years — and probably will…