Economy

In a post last night, I criticized the Associated Press for glossing over the 15 years of personal and domestic self-employment tax filing and payment problems of Timothy Geithner, Barack Obama's nominee for Treasury Secretary (pictured at right in an AP photo). It turns out that Brett Blackledge's Tuesday evening report was relatively hard-hitting in comparison to Julie Hirschfeld Davis's…

Jan. 14 Update: "AP's Early-AM Revision Flushes Many Details, Calls His Tax Problems 'Goofs'" Timothy Geithner, pictured at right in an AP photo, is Barack Obama's nominee for Treasury Secretary. Mr. Geithner will, among many other duties, oversee the Internal Revenue Service.How odd, to say the least, that Mr. Geithner has had persistent tax filing and payment problems going back over 15 years…

Business & Media Institute's Dan Gainor appeared on "Fox & Friends," Jan. 12 to discuss why, with trillions of dollars, millions of jobs, and the future of our economic system on the line, the mainstream media won't ask Obama tough questions on his stimulus plan.Given the media favoritism for Barack Obama during the campaign, Gainor said, "So, it's no surprise that they're not asking him…

When historians look back in wonder at how a long-established publication like the New York Times could have declined from its virtual king-of-the-world status in mid-2002 to its Bush-deranged, 85%-devalued shadow of its former self, they will surely make a few stops at Maureen Dowd's twice-weekly, lost-in-another-world columns (the Dowd picture is from the Times's web site).Today's offering from…

Update, Jan. 12: Debunked, per Anatreptic, which leaves questions as to the motivation of Alex Wissner-Gross.(begin original post) Are we witnessing the beginning of the demonization of Google?The Internet search and service behemoth's reputation has largely survived co-operating with censorship in mainland China and inconsistent YouTube censorship that seems to lean towards protecting terrorists…

Weighing the pros and cons of a plan, particularly one that could cost $1 trillion taxpayer dollars, should mean all perspectives were considered. But that wasn't what it meant to CNN in one Jan. 9 segment in the 8 a.m. hour. Viewers were right to expect balance as "Pros and Cons of Obama's Stimulus" flashed on the screen and John Roberts said, "President-elect Barack Obama is warning of a dire…

Nobel laureate on arcane trade matters, former Enron adviser, and New York Times columnist Paul Krugman is at it again. In his latest Times column ("The Obama Gap"), he chides President-elect Barack Obama for not being ambitious enough in his stimulus plan, and, heaven forbid, for including tax cuts in the mix. He complains that Obama is only committing to much less than half of what's necessary…

In a news report that sounded like an Obama campaign commercial, CBS Early Show correspondent Kelly Wallace declared: "Facing the most serious economic crisis since the Great Depression, the Obama Administration is asking for the biggest stimulus plan in history. An estimated $775 billion to prop up a very sick economy." In the report, Wallace cited Nariman Behravesh, chief economist for Global…

Is the New York Times only months away from declaring bankruptcy?What happens to the journalism industry if the answer is "Yes?"Such questions were posed by the Atlantic in its January/February edition:

Maybe Rachel Maddow watched one too many clips of Bill Clinton during the '92 campaign claiming George H.W. had "driven the economy into a ditch" and that things were as bad as they'd been since the Depression.  In the course of trying to lower expectations for Obama to the max on her show tonight, and tracing the history of the economies previous presidents inherited, Maddow claimed that "…

Prompted by the CBO's forecast of a $1.2 trillion annual federal budget deficit, the NBC Nightly News on Wednesday commiserated with the challenge ahead for the incoming President. “On our broadcast tonight, facing facts,” Brian Williams teased, “President-elect Obama confronts the hard realities he's up against, deficits as far as the eye can see.” A dire Williams proceeded to lead with how…

A link to a story in the New London (CT) Day (story will be available for only a few days) arrived in my e-mail yesterday thanks to a Google alert:Deed Gives NL Building A New AddressItalian Dramatic Club outlived street it used to be on in fort areaThe story stands as a bitter reminder of the blatant favoritism that took place during the sad saga of Susette Kelo and her neighbors in the Ft.…