Gap Inc., Praised by Obama For Its $10 Minimum Wage, Is Closing Stores

June 16th, 2015 12:10 PM
In February of last year, Gap Inc., which operates Gap, Old Navy, Banana Republic and Athleta stores, announced that it would raise its minimum hourly rate of pay for all U.S. employees to $9 in June 2014 and $10 in June 2015. As a result, it won "praise from President Obama who is pushing to raise the nation's minimum wage by a similar amount." The company said that the move would affect 65,000…

Business Press Mostly Fails to Note Protracted Fall in Production

June 15th, 2015 2:06 PM
Today's release from the Federal Reserve on industrial production (including mining and utilities) told us that it declined by a seasonally adjusted 0.2 percent in May. It was the sixth consecutive month showing a decline or no gain, during which time output has fallen by 1.1 percent (not annualized). Bloomberg News, which reported that economists and analysts expected an increase of 0.2 percent…

Net Neutrality Hits the Web, The Media Misses -- Badly

June 15th, 2015 10:29 AM
As we’ve often discussed, the Tech Media is just as hopelessly Leftist and lost as the broader Jurassic Press.  They are both echo chambers - talking points and terrible ideas bounce with great rapidity around their tiny little worlds.  They are the Bubble Boys (and Girls) of news. When a Tech Media story crosses over to the broader Jurassic Press - their ridiculous Leftist repetitiveness is…

WashPost's 'Synthetic' Claim: 1994 Connecticut Gun Law Saved Lives

June 14th, 2015 9:56 PM
On Friday, the Washington Post's Jeff Guo hyped a study published in the American Journal of Public Health by four people with the Johns Hopkins Bloomberg School of Public Health. The study contends that "Connecticut’s handgun permit-to-purchase law (passed in 1994) was associated with a subsequent reduction in homicide rates" involving firearms. Readers wondering if there is a connection to…

AP Treats Dem Former Governor Patrick's Slush Funds As a Local Story

June 14th, 2015 12:00 AM
The results of a search on the name of former Massachusetts Governor Deval Patrick at the Associated Press's main national site are revealing — both for what is there and what isn't. It's an understatment to say that the wire service's priorities are warped. What isn't there is any news about the results of a Boston Herald investigation which found that "Patrick’s administration secretly…

Preelection FBI Study Team Admits Media Distorted It — 6 Months Later

June 13th, 2015 1:18 PM

In late September 2014, the Federal Bureau of Investigation released "A Study of Active Shooter Incidents in the United States, 2000-2013." To say the least, the report's issuance, timed six weeks before the midterm elections, and its topic ("a specific type of shooting situation law enforcement and the public may face") were curious. Given the press's inclination to sensationalize and…

Politico: Obama Nearly 'Lame Duck'; Reax to Trade Defeat 'Implausible'

June 12th, 2015 7:40 PM
Even the leftist apparatchiks at the Politico seem to have a limit to their tolerance for the doublespeak the White House and President Obama routinely disseminate. Reporters Edward-Isaac Dovere and Sarah Wheaton appear to hit that limit this afternoon after Obama's effort to pass Trade Adjustment Authorization (TAA) went down in flames by a shocking margin of 126-302. Since TAA had to pass for…
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Stewart Mocks NYT's Coverage of Rubio, Fails to Include Key Items

June 11th, 2015 11:50 PM
If you're Comedy Central's Jon Stewart, you know you have to do the occasional segment going after the establishment press or left-wing groups to maintain appearances. The James O'Keefe-ACORN saga in 2009 was one such instance. If Stewart hadn't dealt with it, his pretense of being supposedly fair to both left and right would have been blown out of the water. The incredibly petty New York Times…

AP Coverage of May Deficit Omits Debt Ceiling, Copies Previous Content

June 11th, 2015 4:31 PM
In addition to his usual tired historical revisionism, the Associated Press's Martin Crutsinger, in his report on May's budget deficit of $82 billion, failed to mention that the nation is once again operating at the legal limit of its authorized debt. Additionally, he mailed in his final five paragraphs, virtually copying what he wrote on May 12 in covering April's surplus. The nation's debt…
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Diane Rehm Assumes Sanders Has Dual Citizenship — Based on Facebook

June 10th, 2015 10:58 PM
Among the many tired, bogus complaints heard from the establishment press is the one about how careful they are compared to the reckless knaves in the blogosphere and New Media. You see, they only use reliable sources, while bloggers will believe anything anyone writes or posts on the Internet. Well, I suspect there are very few people in the blogosphere dumb enough to rely on a Facebook comment…

Dallas Reporter Ignorant on Taxation of U.S. Firms' Overseas Profits

June 10th, 2015 9:16 PM
Will Deener, who has been a business reporter since at least before the turn of the century, considers his most unforgettable experience on the job to be "Covering the crash of the Internet stocks and Enron in 2000-2002." Sunday evening, the Dallas Morning News columnist moaned about how big U.S. companies engaged in real businesses are avoiding paying billions in taxes because "the nation’s…
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Ed Show Compares Scott Walker on Harley to Dukakis in Tank

June 8th, 2015 9:18 PM
Apples and oranges: or shall we say, Harleys and Abrams. On this evening's Ed Show on MSNBC, guest John Nichols of the far-left Nation mag and guest host Michael Eric Dyson lamely tried to analogize Scott Walker riding a Harley to the infamous episode of Michael Dukakis in a tank. The difference?  Walker is a for-real biker and Harley owner.  Dukakis did serve two years in the Army, but there's…

Media Fail: Weak First Qtr. Economies Have Been a Democrat Phenomenon

June 8th, 2015 11:13 AM
The business press has gotten really excited about the possibility — some of them are even treating it as a probability — that the first-quarter's recently reported annualized economic contraction of 0.7 percent will go positive if it gets revised for so-called "residual seasonality." "Residual seasonality" is "the manifestation of seasonal patterns in data that have already been seasonally…

Lanny Davis Whines About 'Media Frenzy' Over Hillary Clinton

June 7th, 2015 10:40 AM
When they can't go directly after something a Republican or conservative candidate says, the establishment press attempts to make a big deal out of dumb things their aides utter or publish. Leftist apparatchiks usually have no such worries. The latest example of an item which would be prominently in the news if a Republican or conservative had written something equally dense comes from Lanny…