Housing

Which Wednesday newspaper headline, over articles about the same report from the Pew Hispanic Center, is not like the others?Washington Post: Immigrant Homeownership Proves Resilient in the Face of SlowdownBoosted by Boom, Rate Virtually Unchanged During BustLead: “The rate of homeownership in the United States is holding up better among immigrants than it is for native-born Americans, according…

Remember back in March when Congress had the brilliant idea to retroactively tax bonuses paid out by bailed out insurer American International Group (AIG)? The House voted 328 to 93 for the 90-percent tax on the $165 million in bonuses, but it later died in the Senate. Steve Moore, a member of The Wall Street Journal's editorial board, explained on CNBC's May 13 "Street Signs" that the punitive…

He's beloved by the gossip culture of Manhattan and was recently embraced by the left for hurling insults at CNBC "Mad Money" host Jim Cramer. But as Cramer's CNBC "Fast Money" colleagues explained, if you listened to NYU professor Nouriel Roubini, you would have missed out on a lot of stock market upside. Roubini, often called Dr. Doom and known for crazy parties, predicted back in 2005 the…

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…

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…

While Fox News has celebrated the Taxpayer Tea Party rallies and MSNBC has denigrated them, the impetus of the movement - CNBC and specifically Rick Santelli, its inspiration - had been conspicuously quiet about it. But on CNBC's "Squawk Box" April 15, co-host Joe Kernen asked Santelli what he thought of being a "cultural phenomenon." That was the same show Santelli famously called out President…

Once again, someone has squared off against one of CNBC's star personalities, and this time it's a liberal economist taking aim at the old standby, "Mad Money" host Jim Cramer. An April 8 Associated Press story reported that, on the heels of "The Daily Show" host Jon Stewart taking Cramer "to task for trying to turn finance reporting into a game," New York University Professor and Huffington…

Both have loyal following, but their fans are on opposite sides of the political spectrum. CNBC's Rick Santelli rose to prominence earlier this year when he railed against President Barack Obama's policies on live TV from the floor of the Chicago Mercantile Exchange. He's a hit with conservatives staging tea parties to protest the bailout culture in Washington throughout the country.  Arianna…

Perhaps this post could be headlined "CNBC Continues to Atone for Its Outspoken Obama Criticism." As if announcing Democratic National Committee chairman and former Vermont Gov. Howard Dean as a "CNBC contributor" weren't enough, CNBC has invited the editor in chief of one of the its biggest critics to guest co-host one of CNBC's most popular shows. Originally reported in a status update from…

Former President George W. Bush is personally responsible for the current financial crisis and should give every penny of his family fortune to the American people as a result.So proclaimed financial advisor Suze Orman in an article published Friday at WWD.  Ironically, the piece also pointed out that Orman didn't foresee the collapse of the financial services industry, and not only continued to…

There seems to be a wall of silence surrounding the sudden withdrawal of H. Rodgin Cohen (pictured at right) from consideration for the Number 2 job at the Treasury Department. The party line, according to ABC's This Week host and former Clinton administration adviser George Stephanopoulos, is that "an issue arose in the final stages of the vetting process." David Cho at the Washington Post…

Coverage of "tea party" protests in various cities around the country (this March 4 Pajamas Media press release, HT to FreeRepublic, cited 22 locations on February 27 and seven this weekend) has been sparse to non-existent, especially at major establishment media outlets. Most notably, based on a seach on "tea party" (not in quotes) at its ap.org home page at about 10:00 a.m., there has been no…

Maybe it was just too easy to assume the worst of the news network most others in the press love to hate. Or perhaps it was deliberate.Whatever the reason, the Agence France-Presse (AFP) wire service's Wednesday story about reaction to Barack Obama's sort-of State of the Union Speech the previous evening spent four of its last five paragraphs pinning a report harshly critical of various claims in…

Tuesday's "Good Morning America" ignored the liberal leanings of a Florida attorney who is instructing people on how to stall home foreclosures. In the segment, reporter Jim Avila showcased individuals who have drawn out the process by demanding that banks produce the original note to their home (which has often been sold in loan packages that are then traded on Wall Street). At no time did he…