Economy

The Associated Press's 1:12 p.m. coverage (saved here, as the dynamic link changed during the drafting of this post) of the Senate Finance Committee's hearing on Barack Obama's nomination of Timothy Giethner as Treasury Secretary has plenty of discussion of Geithner's tax "mistakes" (the picture, but not its heading, is from a November 21 New York Times article). But as has been the case with…

Barack Obama not only made history becoming the first black President of the United States Tuesday, but he was also inhospitably greeted by the biggest January Inauguration Day stock selloff ever.At the closing bell, the Dow Jones Industrial Average was down over four percent, with the S&P 500 and NASDAQ indices plummeting more than five percent.As the Wall Street Journal's MarketBeat blog…

2008 was the safest year ever to be an American miner. The combined number of fatalities from all forms of mining was the lowest ever. 2007 (latest information available) also shows the lowest "all-injury" rate for miners on record by far. Yet Ken Ward Jr.'s early-January contribution at the Charleston (WV) Gazette to the spate of final-month Bush-bashing pretended that this data doesn't exist.…

Anne Applebaum said she was reaching for a metaphor to describe the dreamy Barack Obama when she started her Slate piece on January 19. Instead of reaching for a metaphor, however, she only got a handful of absurd hyperbole when she decided that Barack Obama was "just like" Captain C.B. "Sully" Sullenberger, the hero pilot that saved the lives of his entire planeload of people by landing it…

This is a hopefully good news, bad news post.First, the bad news: James Hansen, head of NASA's the Goddard Institute of Space Studies is still bloviating about the catastrophes that await us because of what yours truly and others refer to as globaloney (the belief that the earth is dangerously warming, that human activity is the cause of the warming, and that radical steps that would cause huge…

The Associated Press's record of running interference for Treasury Secretary nominee Timothy Geithner continues mostly unabated.My chronicle of AP's largely weak coverage, most of which has been previously detailed at NewsBusters (here, here, and here), is at the end of this post.No AP report I have seen has noted that Geithner applied for and merely pocketed partial "reimbursements" from the…

Wow. This unbylined Associated Press story (HT Michelle Malkin) doesn't really require any elaboration, except to note one thing -- It ends the debate over the existence of liberal/left media bias: Exit question:

Many in the Minneapolis area call the paper the RedStarTribune for its often overbearing leftist point of view, but whatever the case of its editorial direction the paper itself is headed for court to file for bankruptcy. And this is another one of the nation's largest papers looking to go belly up. The StarTrib (or Strib as its also called) filed for Chapter 11 bankruptcy on Thursday.

"CNBC Reports" host Larry Kudlow believes free-market capitalism is the best path to prosperity. Too bad CNN "Lou Dobbs Tonight" host Lou Dobbs doesn't. Dobbs attacked Kudlow during the Jan. 14 broadcast of "Lou Dobbs Tonight" for commenting on a dinner meeting of conservative pundits at the home of Washington Post columnist George Will on Jan. 13. Kudlow was not included in person or by phone…

Yesterday, details discovered about Treasury Secretary nominee Timothy Geithner's tax situation moved it to well past the level of an "honest mistake."You wouldn't know it from the Associated Press's Julie Hirschfeld Davis, who, as I noted yesterday (at NewsBusters; at BizzyBlog), continues to run interference for him. A story from Thursday afternoon that has since been dynamically updated had a…

It ain't easy being green, and in the case of Barack Obama's inaugural, it seems like he's not even trying to green it up. According to the Institute for Liberty, the Obamathon in Washington will produce about 575 million pounds of CO2 emissions. In a study titled Carbon Bigfoot, the IFL concludes that the CO2 glut will be substantial. From the global warming wrecking celebs flying all over the…

The news that the Gannett Company--the nation’s largest newspaper publisher, flagship USA Today--is forcing thousands of its employees to take unpaid leave is the latest, shocking, evidence of the ill health of the old media. But for present purposes, let's focus on this odd nugget: Gannett has informed its employees that pursuant to federal and state law, they [emphasis added]:must not work…

"Good Morning America" news anchor Chris Cuomo conducted a surprisingly tough interview with House Speaker Nancy Pelosi on Wednesday, grilling her on the lack of accountability for how 2008's financial bailout money has been spent. He told the powerful Democrat, "...I think there are a few issues that unite Americans like this. Don't waste our money, especially right now." Regarding the news that…