Yet Another 'Unexpectedly' Sighting; Durable Goods Orders Fell 7.3% in
August 26th, 2013 4:55 PM
Anyone remember all the huffing and puffing from the establishment press about how third-quarter economic growth was going to be great — so please stop worrying about how weak the past three quarters (annualized rates of 0.1%, 1.1%, and 1.7%, respectively) have been?
Oops. On Friday, the Census Bureau reported that new-home sales dropped over 20% in July to an annual rate of 394,000 from June…
At AP, New Mexico Ruling Against Photographer Who Refused Same-Sex Cer
August 25th, 2013 10:48 AM
In March, the Associated Press ran a 470-word "Big Story" item about the case of of Elaine Huguenin, an Albuquerque wedding photographer "who declined to shoot the commitment ceremony of a lesbian couple." The couple filed an anti-discrimination claim with the state's Human Rights Commission, which found that Huguenin, who runs her business with her husband, had violated state law.
New Mexico…
CNBC Notes Yet Another Obamacare 'Quirk': Many Employees Will Turn Dow
August 22nd, 2013 3:48 PM
Maybe we should cue up the old classic "High Hopes," especially given its ironic title, every time one of these "unintended consequence of Obamacare" stories comes along. Instead of singing "Oops, there goes another rubber tree plant," we can all sing, "Oops, there goes another Obamacare 'quirk.'"
One of the latest "quirks," also described as a "weird" result of the progressive movement's…
AP's Rugaber Fails to Explain Why July Unemployment Rate Rose in Most
August 20th, 2013 11:08 PM
Maybe because it's a UFO, we're not supposed to be able to explain it.
No, I'm not talking about unidentified flying objects at the recently acknowledged Area 51. I'm talking about an unexplained financial observation, the one made by the Associated Press's Christopher Rugaber on Monday after the release of the July Regional and State Employment and Unemployment report Monday morning. Rugaber…
Sorry, NYTimes, It's the Private Sector, Not Obama, Which Has Successf
August 20th, 2013 11:11 AM
The Gray Lady on Sunday packed a tremendous amount of bias into the opening sentence of their “Most of U.S. Is Wired, but Millions Aren’t Plugged In.”
Brace yourself - here goes:
Fed Reserve Official Notes Negligible Economic Boost from QE2; Establi
August 19th, 2013 10:07 AM
A November 15, 2010 blog post by Michael S. Derby at the Wall Street Journal ("San Francisco Fed Official Says QE2 Is Working") told us that "The Federal Reserve‘s recently announced plan to buy $600 billion in Treasury securities to improve economic growth is having a positive effect on growth." The Fed official involved also predicted "the U.S. gross domestic product to come in at 2.5% this…
Media Mostly Yawns As More Fast and Furious Guns Are Recovered From 'C
August 17th, 2013 12:00 PM
On Wednesday at CBSnews.com, Sharyl Attkisson reported that "Three more weapons from Fast and Furious have turned up at crime scenes in Mexico."
A Google News search at 10 a.m. on ["Fast and Furious" guns] (typed exactly as indicated between brackets, past 7 days, sorted by date, with duplicates) returned 26 relevant items. Very few (to be noted later) are from establishment press outlets.
AP's Crutsinger Pushes Myth That Fed Govt. Spending Is Down Significan
August 16th, 2013 10:46 AM
At the conclusion of his report on the federal government's July Monthly Treasury Statement, the Associated Press's Martin Crutsinger wrote that federal spending through the first ten months of the current fiscal year is "down 2.9 percent from a year ago," and that the decline "reflects, in part, automatic government spending cuts that began taking effect March 1."
Those "automatic cuts"…
IBD's Jed Graham Flags Four Sectors of Economy Where ObamaCare Is Part
August 15th, 2013 4:46 PM
It's fair to say that about the only holdouts against the idea that part-time work is up and that employee hours are being reduced around the economy are the Obama White House and a few Obama White House alumni. It's also fair to say that there are very few holdouts against the idea that the cause for this is Obamacare's 30-hours-per-week definition of a full-time employee, which is causing far…
Holder's Book-Cooking of Mortgage Fraud Enforcement Stats Not News Out
August 12th, 2013 11:04 PM
On Friday, Eric Holder's Department of Justice gave the memory-hole treatment to wildly inflated statistics released last October about the number of cases and the amount of money involved in DOJ's mortgage fraud enforcement efforts. Bloomberg News reporters who had discovered that the original numbers were suspect had been getting stonewalled for months in their efforts to get answers to…
At Politico, Untagged Former Biden Adviser Bernstein Fails to Make Cas
August 12th, 2013 9:56 PM
An August 6 opinion column at the Politico labeled co-authors Jared Bernstein and Paul Van de Water as "senior fellows at the Center on Budget and Policy Priorities." CBPP, that oxymoron known as a "leftist think tank," went unlabeled. The Politico also must have thought that Bernstein's background as the Chief Economist and Economic Adviser to Vice President Joseph Biden from 2009 to 2011 was…
AP's Coverage of Congress's Proposed Food Stamp 'Cuts' Has One Telling
August 11th, 2013 8:53 PM
One has to sift through the biased blather to get to it, but Mary Clare Jalonick's August 1 coverage at the Associated Press, aka the Administration's Press, of the House's plans to rein in the Supplemental Nutrition Assistance Program, still popularly called "food stamps," contains an important admission which most of the establishment press has avoided as the program's costs and enrollment…
Unhinged Movie-Disrupting Dem Strategist to Judge Jeanine: Weekend Emb
August 4th, 2013 12:56 PM
Saturday evening, a friend suggested that I watch the midnight rerun of Judge Jeanine Pirro's Fox News program for her interview segment with a Democrat and a Republican about this weekend's closing of 22 embassies overseas in response to terrorist threats.
Ryan Clayton was the Democrat whose arguments blaming George W. Bush's administration for the current level of threats in the Middle East…
AP Reluctantly 'Discovers' Trend Towards Part-Time and Lower-Paid Work
August 3rd, 2013 9:41 PM
In this case, the old saying, "Better late than never" really shouldn't apply. In June, when the government's Household Survey used to determine the unemployment rate reported that there were 240,000 fewer full-time workers and 360,000 more part-time workers than there were in May, the establishment press, particularly the Associated Press, largely ignored or downplayed the result.
The AP's…