Economy

In late July, NB Contributing Editor Tom Blumer busted the Associated Press for neglecting to mention the party affiliations of scandal-plagued officials in Bell, California. The AP piece was one of hundreds of reports on the scandal. Of those hundreds, one solitary report mentioned party labels for the five officials.Can you guess which party they belong to? I'll bet you can.The only news outlet…

Keith Olbermann on Thursday cherry-picked an article by former Speaker of the House Newt Gingrich to make a pathetic case that Republicans are targeting and blaming unemployed Americans for the country's economic woes.In his opening "Countdown" segment on MSNBC, the host began, "When it came time to invade, Republicans used cherry-picked intelligence to make the case for war in Iraq. Now, they`re…

Culture and Media Institute Assistant Editor Nathan Burchfiel joined "Fox & Friends" co-host Steve Doocy on Aug. 13 to discuss media coverage of Harry Reid and the media double standard on controversial statements made by liberals versus conservatives. Senate Majority Leader Harry Reid, D-Nev., told supporters on Aug. 10 that he couldn't understand why "anyone with Hispanic heritage could be…

A liberal Huffington Post contributor and board member of the website's Investigative Fund rained on Ed Schultz's GM success story victory parade on Thursday.After the MSNBC host crowed about the positive earnings report from the government-owned car company, he clearly expected that left-leaning guest Leo Hindery was going to join him in the celebration.Quite to the contrary, the admittedly "…

Ed Schultz on Thursday blamed Republicans for all the unemployed people living in America today.As he began the most recent installment of the "Ed Show" on MSNBC, the host said, "The Republican Party has been on a crusade against the middle class and the poor for the last 30 years. We're now seeing the wreckage of that race to the bottom line culture."He disgracefully continued, "Today a…

Unplanned but necessary "improvements," or induced corrections? I'll report; readers can decide. My early afternoon post at my home blog dealt with Government/General Motors' profitability and CEO Ed Whitacre's "coincidental" step-down from his CEO position. That post originally noted two things that seemed problematic in the Associated Press's reporting about the company's plans for an…

Comedian Jon Stewart on Wednesday joined the growing liberal chorus attacking Republicans for their concerns about rising taxes and exploding budget deficits. The only thing different about the "Daily Show" host's approach was that he needed vulgarity to make his point. Potentially even worse, Stewart in his opening segment Wednesday actually used CNN's Fareed Zakaria to support his view that…

“The nation's largest federal worker union is taking to the airwaves to defend rank and file federal workers against growing anti-government sentiments,” the Washington Post's “Federal Eye” blogger Ed O'Keefe reported Tuesday, the same day Rush Limbaugh picked up on a USA Today story, “Federal pay tops private workers: Compensation gap doubled in decade.” O'Keefe explained: “The American…

For approaching ten years, America's media have depicted the tax cuts implemented by former President George W. Bush as almost exclusively favoring the rich.This dishonest characterization has picked up steam recently as these tax cuts are about to expire, and the tax-loving press have campaigned for their departure as if a plague on the society.For his part, President Obama is advocating the…

Earlier today, NB's Lachlan Markey covered Bill O'Reilly's interview with the Fox Business Channel's Charles Gasparino.In that interview, Gasparino confirmed what the New York Post reported in April of last year, namely that "GE Execs Encouraged CNBC Staff to Go Easy on Obama."The suits at GE, including Chairman Jeff Inmelt, had a clear motivation for encouraging their reporters to lighten up,…

In today's "It Took You Long Enough To Figure It Out" segment, the New York Times is seriously worried that if the only Bush tax cuts that expire in January are those for the wealthiest Americans, the rich still win.Not surprisingly, Jackie Calmes' piece on Wednesday also referred to extending existing law as "tax cuts," a neat little trick the Left employ to give the appearance new cuts are…

On last night's 'O'Reilly Factor,' Fox Business Network reporter Charlie Gasparino claimed that during his time at CNBC, General Electric Chairman and CEO Jeff Immelt suggested to senior CNBC staff that they were being too hard on President Obama.Gasparino did not say that it became official CNBC policy to tone down criticism of the president. But he claimed that "the question of whether they…

Those who don't believe that high taxes on the rich don't influence economic activity or economic behavior, which of course includes many in the establishment press, are going to have a tough time explaining away this brief item that's being reported in the Associated Press: Tour officials hampered by UK tax rules European Tour officials are in talks with the British government over tax rules…

Surprise - the Federal Reserve announced it will keep the Fed funds rate between zero and 0.25 percent. OK - it's not really much of a surprise. However, Federal Reserve Chairman Ben Bernanke has responded to the slowing economic recovery with restraint, not tinkering with interest rates and showing a continued willingness to buy mortgage-backed securities and long-term Treasury bonds. And that…