Economy

The Democrats are better at understanding the impact of globalization on working people in America. The wages that have been arrested and halted in their growth, while, you know the boys in investment banking are making 10 times the average income of an American. I think the Democrats understand the consequences of it more than the Republicans and, frankly, another disagreement I've got with…

Have you noticed the genie concerning the real modus operandi behind climate alarmism beginning to peek its head out of the bottle lately? After the United Nations announced earlier in the week that rich countries - code for America, of course - are going to have to pay billions of dollars to help poor nations deal with global warming, several international press outlets published articles of…

As climate alarmists around the world head to a tropical paradise on Bali next week to discuss how developed nations should pay to solve global warming, an inconvenient truth has emerged: many countries that are part of the Kyoto Protocol are going to dramatically overshoot their greenhouse gas (GHG) emissions limits. While it seems a metaphysical certitude that America's green media will…

Economic growth for the third quarter, which was estimated at 3.9% a month ago, was revised upward to 4.9% by the government's Bureau of Economic Analysis (BEA). The BEA announcement is here. This of course explains why a Google News search I just did on "recession" has hundreds and hundreds of articles talking about a possible recession, including 481 in the first 20 listings (/sarc). Key…

As the Christmas shopping season went into full swing in 2005, I sensed that journalists in general have a strong preference for using the term "holiday shopping" instead of "Christmas shopping" when covering business and commerce, but that when it came to people losing their jobs, they preferred to describe layoffs as relating to "Christmas." My instincts have been proven correct, as you can see…

CNN's senior business correspondent Ali Velshi had an interesting question for viewers this morning.Before telling viewers that consumer confidence is at the lowest level in two years, Velshi asked if the media have anything to do with it."Do you think we're feeding this thing? Do you think we're fueling this sort of misery?" asked Velshi on "American Morning" November 28.A question for…

As the 2008 election approaches, the New York Times uses the image of a sinking red "RECE$$ION" to communicate a fear that is so far only a phantom menace. Peter Goodman's Sunday Week in Review cover story, "Trying to Guess What Happens Next," displayed plenty of pessimism about the U.S. economy after years of foreign-financed easy money. But the accompanying graphic communicated even more…

Of course, the expectations game can be frustrating, and we won't know for sure until the actual report is released Thursday at 8:30 a.m. But there appears to be remarkably good economic news ahead. Naturally, it is getting the barest of coverage from an Old Media business press corps that seems intent on talking the economy down. First, a week ago Monday, MarketWatch's Greg Robb, in an article…

For years, NewsBusters and its parent, the Media Research Center, have been reporting on the disparity in economic coverage by mainstream media outlets during the Clinton and Bush administrations. In the past seven years, economic data that would have been praised when Bill Clinton was in the White House has continually been presented as recessionary, or even depression-like. With that in…