AP's Boak: With the Economy So Good, Why Won't Fed Raise Rates?
The business press just can't understand why the Federal Reserve decided not to raise interest rates on Thursday. After all, these alleged journalists have been telling us for months bordering on years that U.S. economy is really in good shape. So it should be able to handle a rate hike, especially after over seven years of rates at essentially zero. The problem is that they now believe their own…
Business Wires: US Weakness Didn't Influence Fed's No-Change Decision
The business press is trying to convince readers, listeners, and viewers that Janet Yellen's Federal Reserve kept interest rates at zero not because of U.S. economic conditions, which supposedly "look good" with "steady economic growth." No-no. She stayed the course because of the troubled tglobal economy.
Thursday evening, Reuters wrote that the Fed failed to move "in a bow to worries about the…
LAT, AP Ignore Dems' Economic Revolt Against California Enviro Zealots
You wouldn't know it from reading the national coverage by the Associated Press or stories at the Los Angeles Times, but California Governor Jerry Brown and his fellow far-left Democratic Party environmentalists suffered significant setbacks last week.
How bad? So bad that the Times editorial board accused "a new crop of moderate Democratic legislators" of succumbing to "oil industry propaganda…
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Colbert Badgers Uber CEO on Taxis, Surge Prices, Uber Eats, Future Car
Following Vice President Joe Biden’s very publicized appearance, Late Show host Stephen Colbert also welcomed Uber CEO Travis Kalanick to the program Thursday night, but it was anything but friendly as Colbert hammered Kalanick on the effect his company has had on the taxi industry, surge pricing, the Uber Eats initiative, and driverless cars. Colbert demanded: “What is your response to Uber…
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CNN's Camerota Presses Andrew Cuomo on Gun Control, Stop and Frisk
CNN's Alisyn Camerota confronted New York Governor Andrew Cuomo on Tuesday's New Day, after the Democrat used the shooting of his aide to advance gun control. When Cuomo admitted that "we passed a law...that is probably the most restrictive gun control law in the nation," Camerota interrupted the governor and pointed out that "opponents of more laws say the criminals are the ones who will always…
At AP, Little Coverage of Dem Candidates' Complaints About Economy
Democrats' current and potential candidates for their party's 2016 presidential nomination continue to complain about various aspects of the economy. They continue to make no connection between their complaints and the fact that Democrat Barack Obama has been in the White House for over six years. Obama has for the most part operated either under the conditions created by the 2009-2010 Congress…
NYT Front: Obama Champions Workers' Rights Eroded by Conservative Rule
The front page of Tuesday's New York Times featured labor reporter Noam Scheiber celebrating Obama as (finally!) the champion of workers' rights, belatedly beating back the retrograde efforts by Ronald Reagan and free-market conservatives to "roll them back," with Schreiber portraying all of the administration's new regulatory burdens on emerging jobs as wholly positive developments. The online…
Apple Gets Kid-Glove Treatment After CEO Emails CNBC's Jim Cramer
It doesn't seem likely that an oil company CEO would get the benefit of the doubt Apple CEO Tim Cook received from the press yesterday after he emailed well-known financial commentator and investment adviser Jim Cramer about his company's performance in China.
In an email read over the air on CNBC, Cook reported that "we have continued to experience strong growth for our business in China…
AP Finds No Policy-Driven Causes Why Millennials Can't Buy Homes
Several commenters at my econ-related posts during the past several months here at NewsBusters and my home blog have noted how Washington's mix of high deficits, over-regulation, and quantitative easing never seem to get any kind of blame for the economy in establishment press coverage.
One could hardly find a better example of that deliberate avoidance than Josh Boak's writeup today at the…
FEC Toys with Limiting Free Speech Online
Here we go again – the FEC has launched another attack on free speech.
'Unexpectedly' Again: Pending Home Sales Fall 1.8 Percent
Yet another important economic statistic confidently predicted to rise has fallen — hard.
This time it was June's pending sales of existing homes. Just in time for summer, they were predicted to increase by a seasonally adjusted 1.0 percent to 1.5 percent. Instead they fell by 1.8 percent, the steepest drop since December 2013. Additionally, May's original 0.9 percent increase was revised down…
New-Home Sales 'Unexpectedly' Dive; AP Says They're Just 'Not As Hot'
Thanks to year-over-year declines in manufacturing orders, manufacturing shipments, and wholesale sales, along with bloated inventories, apologists for the current condition of the U.S. economy are down to three defenses supposedly demonstrating that all is still really well after yet another rough first quarter (once again excused away as due to supposedly historically awful winter weather).…
NYT Celebrates $15 Minimum Wage After Cheerleading It Into NYC Law
Thursday's lead New York Times story on New York State raising the minimum wage for fast-food workers to a whopping $15 an hour was dominated almost completely by cheerleading for the wage. That's despite the fact that even liberal economists are queasy about such a drastic hike in the minimum wage, and that the hike risks hurting the very low-income workers it supposedly helps, by raising the…
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San Fran Officials Mock Fox; Doocy Blasts Cuomo on Sanctuary Cities
Wednesday's Fox and Friends spotlighted how two members of the San Francisco Board of Supervisors treated a Fox News Channel journalist with contempt, after he tried asking them about their sanctuary city policy. Host Steve Doocy later zeroed in on how anchor Chris Cuomo at competitor network CNN asserted that the term "sanctuary city" was a "misnomer" on Monday's New Day. Doocy mocked CNN as "…
