Economy

Late Friday afternoon, Todd Shields at Bloomberg News broke a story about some guy, who happens to be an Obama and Democratic Party donor (but not disclosed), against whom the Securities and Exchange Commission is formally considering an enforcement action (also not disclosed, though it was noted at the New York Times's Dealbook Blog five hours before Shields's report), whose "wireless service…

Today's Advance Monthly Retails Sales Report for November from the Census Bureau came in with a seasonally and shopping-day adjusted 0.2% increase over October. Analysts expected 0.6%, and a whole host of them described the result as "disappointing," as shown here in a Google News Search for the past 24 hours on ["retail sales" disappoint"] (typed exactly as indicated between brackets; as of 6:…

The New York Times showed desperate liberal Euro-philia -- an embrace of collective economic action at the expense of national sovereignty -- on the front of Tuesday’s Business section, as reporter Landon Thomas Jr., writing from London, pondered a frightening (and extremely hypothetical) martial-law scenario in Greece if the euro currency were to be abandoned by that country, a member of the…

During a panel discussion on Tuesday's NBC Today, NBC chief medical editor Nancy Snyderman decried Mitt Romney proposing a $10,000 bet in the latest Republican debate: "I watched it live, and it was one of those moments where I immediately went [gasp] and you could just – even in your own living room, everything came to a halt. It was a disastrous move." Advertising executive Donny Deutsch…

Uncle Sam's Monthly Treasury Statement for November came out yesterday. The results: Tax collections through two months of the fiscal year are up 4.4% over fiscal 2010; spending is down 5.5%, but only because about $31 billion in checks which would ordinarily have gone out on October 1 (a Saturday) were sent on September 30; and the deficit of $235 billion is $55 billion less than last year.…

President Obama's much-ballyhooed speech in Osawatomie, Kan., was his best effort to put a happy face on class warfare. Though some were elated, fantasizing that he might be getting his messianic mojo back, even his reliable cheerleaders recognize there's no substance beneath the hot air rising. Liberals get all dewy-eyed when Obama reverts to idealistic tones, as they are saps for perfect-…

There was an astonishingly revealing moment on Sunday's 60 Minutes when President Obama said, "Some of the most damaging behavior on Wall Street, in some cases, some of the least ethical behavior on Wall Street, wasn't illegal." For what should be obvious reasons, CBS's Steve Kroft didn't bother asking his guest who created, voted for or signed the pieces of legislation that allowed this "…

No wonder President Obama adopted some of the language of the Occupy movement in his class-warfare speech this week.  It's led by the likes of Alfredo Carrasquillo, a fellow "community organizer" with whom the president perhaps identifies.  Carrasquillo specializes in breaking into foreclosed homes to dole them out to people—beginning with himself—to live in. Chris Hayes gave Carrasquillo a…

NPR's Yuki Noguchi and Lynn Neary completely omitted Jon Corzine's Democratic affiliation on Thursday's All Things Considered, while mentioning practically every other prominent occupation he has held- Goldman Sachs CEO, senator, governor, even "multimillionaire." On the other hand, Noguchi gave the Republican party ID of two representatives who questioned Corzine at a recent hearing. Neary…

Despite a massively expensive 2009 stimulus program, high unemployment and a sluggish economy have been trademarks of the Obama administration. The goal of the stimulus was to create shovel-ready jobs, with, according to top Obama economic advisor Larry Summers, a "targeted," "temporary," and "timely" scope. As many predicted, the stimulus failed to produce the Keynesian results it promised.…

Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. This year the media's myths were wide-ranging: from conspiracy theories about economic sabotage, to overpopulation panic and Occupy Wall Street's mantra "We are the 99 percent." Here is our 2011 list:

Wrapping himself in the mantle of Theodore Roosevelt's "National Greatness" agenda, President Obama urged the nation to stand strong and unite behind ... his umpteenth regulatory czar. Nothing symbolizes American strength and vigor more than another unaccountable Washington bureaucrat. If Richard Cordray, the stalled White House nominee to enforce the Dodd-Frank financial bureaucracy, is not…

If you had to name the top U.S. news story of 2011, what would you say? For the folks at Time magazine, the answer is the Occupy Wall Street protests:

"You know, the president's been calling for bipartisanship on Capitol Hill, I'm not sure that he meant for the two of you to get together and go up against his signature program," MSNBC's Andrea Mitchell complained at the conclusion of a chat with Sens. Joe Manchin (D-W.V.) and Mark Kirk (R-Ill.) on today's Andrea Mitchell Reports. Mitchell had the senators on to discuss their opposition to…