Economy

A new propaganda video created by an extreme environmental activist is making its way into America's classrooms and The New York Times loves the whole idea. Enviro obsessive Annie Leonard, Greenpeace member and activist, has created a 20 minute video filled with anti-capitalist, anti-American propaganda to encourage kids to eschew "stuff," calling the presentation "The Story of Stuff." Leonard's…

It's a whole new wrinkle on the old joke about accountants (when asked what 2 + 2 is, he or she replies, "What do you want it to be?"). The Wall Street Journal reported yesterday that the reported results of the financial institution stress tests were negotiated: Banks Won Concessions on Tests Fed Cut Billions Off Some Initial Capital-Shortfall Estimates; Tempers Flare at Wells The Federal…

Here are the first two paragraphs of Toyota Motor Corporation's press release announcing its financial results for the year ended March 31, 2009 (most Japanese companies end their fiscal years on March 31; bolds are mine): Tokyo - TOYOTA MOTOR CORPORATION (TMC) today announced operating results for the fiscal year ended March 31, 2009. On a consolidated basis, net revenues for the fiscal year…

Shoot, he's only talking about pulling $8 billion in state-controlled money because a bank won't go easy on a business borrower who can't pay. What's the big deal? Well, the story involves the company that makes suits for President Barack Obama (pictured at right). Beyond that, the union at that company is citing the US Treasury Department's Troubled Assets Relief Program (TARP) as a reason that…

When NewsBusters reported earlier today that media members were depicting April's 539,000 jobs loss as "good news," I never imagined anyone would characterize the data as "employment doing well."Yet, that's how Politico's "44" blog -- "A Living Diary of the Obama Presidency" -- first teased Friday's Labor Department announcement at its front page.Here's a screen-cap of the first picture taken…

Back in March, CNBC in what seemed to be an effort to pander to critics on the left, officially named former DNC chair and former Vermont Gov. Howard Dean a CNBC contributor. But aside from campaigning for left-wing MoveOn.org causes in his spare time, Dean will appear on daily CNBC programming. But on the May 7 "Power Lunch," Dean, a contributor for the network with the slogan, "First in…

President Obama today announced $17 billion in "spending cuts" Thursday. Here are the substantive early paragraphs of the the Associated Press's coverage of what the President had to say: Obama sent Congress a detailed budget Thursday proposing to eliminate or trim 121 programs and save $17 billion next year — not a trifle, for sure, but only about half of one percent of the $3.4 trillion in…

For whatever reason, CNBC keeps lining up challengers to take on its Chicago Mercantile Exchange floor reporter Rick Santelli over his self-reliance, pro-taxpayer persona - whether it's Steve Liesman, Arianna Huffington or this time, Keith Boykin - editor of The Daily Voice, a CNBC contributor and a BET TV host. ON CNBC's May 7 "The Call," Santelli took on Boykin in the program's "The Call of…

"Good Morning America" co-host Diane Sawyer and ABC journalist George Stephanopoulos lauded Barack Obama for his handling of the banking crisis on Thursday. Sawyer even saw the government administered stress tests as a "mission accomplished" moment. On the news that many of the banks given billions in bailout money won't need more, the morning show anchor cooed, "So, George, is this the day that…

Once upon a time, there was Dylan Ratigan, host of CNBC's "Fast Money," and co-host of that network's "Closing Bell." He was never partisan and willing to criticize both political parties in Washington, D.C. Now he seems to think Bristol Palin has taken Karl Rove's job as the sinister mastermind of Republican politics. In late March 2009, Ratigan left CNBC for destinations unknown, but on May 6…

We were told all throughout the 2008 presidential campaign and on up into the debate over the stimulus that the way out of the current economic malaise is through growing a green economy. "NBC Nightly News" is still on message.  On the May 6 broadcast of "Nightly News," anchor Brian Williams explained that Ford Motor Company (NYSE:F) didn't accept federal bailout money, but all the while it has…

Call it an ominous warning, but Fox News Channel afternoon host and ratings sensation Glenn Beck on Wednesday cautioned viewers that government is strengthening its grip of power and is not going to stop at the First Amendment of the U.S. Constitution. Beck declared on his May 6 broadcast the government is out of control, noting that Freedom of Information Act (FOIA) requests were a weekly…

As of early Tuesday evening, according to a report by Liz Moyer at Forbes, the latest news on the Chrysler bankruptcy filing is that: The recalcitrant non-TARP lenders who would not agree to the deal the government attempted to force on them are now attempting to challenge the deal the government and Chrysler have proposed in bankruptcy court.These lenders want to keep their identities hidden.In…