Economy

Two years ago, George Soros said he wanted to reorganize the entire global economic system. In two short weeks, he is going to start – and no one seems to have noticed. On April 8, a group he’s funded with $50 million is holding a major economic conference and Soros’s goal for such an event is to “establish new international rules” and “reform the currency system.” It’s all according to a…

Former Clinton labor secretary Robert Reich wrote a truly nonsensical piece for the Huffington Post Tuesday ironically called "The Republicans' Big Lies About Jobs." MSNBC's Chris Matthews must have loved this tripe and its sophomoric title for he invited the Berkeley professor on Wednesday's "Hardball" so that the pair could put on a clinic in liberal economic fantasy (video follows with…

After two years of practicing unrepentant contempt for science, jobs, law and truth, why should Interior Secretary Ken Salazar's words mean anything anymore? While President Obama promotes offshore drilling overseas thousands of miles away in Brazil, Salazar now promises to revitalize America's oil and gas industry. It's like Jack "Dr. Death" Kevorkian promoting himself as a lifesaving CPR…

Appearing on Tuesday's CBS Early Show, Newsweek senior writer Andrew Romano touted a survey in the magazine's latest issue showing that 38% of Americans failed the U.S. citizenship test and claimed to know the cause: "One of the big ones is income inequality in the United States. We're one of the most in-equal societies in the developed world." Romano argued to co-host Erica Hill: "When…

The 2012 presidential and congressional elections are shaping up to be a referendum on whether the American people have the wisdom, the discipline and the will to save this nation. The nation is on an unsustainable path to fiscal bankruptcy, whose leading long-term drivers are Medicare, Medicaid and Social Security. Yet at every turn, Democrats have obstructed reform with vicious, demagogic…

While looking into the News Media Guild's positions in the current standoff between it and the Associated Press, I came across the most recent contract (large PDF file) between the two. It expired this past November; unionized AP employees are continuing to work under the old contract's provisions. Many people don't know that the AP is a "not-for-profit news cooperative" which is "owned by…

The Associated Press's report on existing home sales carries Derek Kravitz's byline today. Apparently the byline withholding temper tantrum thrown by the wire service's U.S. reporters which began last week has ended (further evidence here). What Kravitz's story doesn't carry is the word "existing." How odd, since the National Association of Realtors (NAR) which produces the report, calls it "…

Bill Maher in the middle of last year's crisis in the Gulf of Mexico wrongly stated on national television that Brazil had gotten off of oil 30 years ago. With great irony, President Obama announced Saturday that he wants America to become a major buyer of - wait for it! - Brazilian oil drilled offshore:

The back and forth between Washington Post syndicated columnist Charles Krauthammer and White House Office of Management and Budget Director Jacob ("Jack") Lew continues. Thus far, Krauthammer has won both rounds, including his punch-out on Thursday. It all started on February 21, when Lew issued a "rebuttal" to a USA Today editorial which called for near-term action to deal with Social…

Most readers here aren't aware that Associated Press reporters began withholding their bylines this week in support of their union's "quality journalism proposals." Participating reporters are refusing to have their name placed on AP stories. It appears to apply to stories datelined in the U.S. and not overseas (as seen here). It is truly a wonder that the world has gone on while AP reporters…

It really is amazing that anybody takes New York Times columnist Paul Krugman seriously. Consider the following factual misrepresentations in what he wrote Friday:

An 8.9 magnitude earthquake hit Japan March 11 and the ensuing Tsunami wave delivered a devastating blow to the people, resources and economy of the U.S. ally. At this writing, a nuclear power plant there is on the verge of meltdown. As can be expected, it took a few days for the world and the American media to comprehend the complexity and gravity of the situation. But two things were very…

In about a month, the Republican majority on the House Budget Committee will present its concurrent budget resolution for fiscal year 2012, which by law will include their proposed 2012 annual budget and their projection of the budgets (spending, revenues and the resulting deficit, surplus or balance) for the following nine years. It may not be overstatement to assert that this presentation…

The New York Times versus state spending cuts. Reporter Sabrina Tavernise went to the downtrodden town of Gallipollis, Ohio, and collected a grab bag of sympathetic liberal anecdotes about government workers threatened by a bill that would restrict public-sector unions, for Wednesday’s “Ohio Town Sees Public Job As Only Route To Middle Class.” Tavernise focused solely on the plight of low-…