Shooting Ourselves In The Foot

July 11th, 2018 12:03 PM
The Canadian government, lining the pockets of its dairy producers, imposes high tariffs on American dairy imports. That forces Canadians to pay higher prices for dairy products. For example, Canadians pay $5.24 for a 10.5-ounce block of cheddar. In Washington, D.C., that same amount of cheddar sells for $3.64. Canadians pay $3.99 for a 1-pound container of yogurt. In Washington, D.C., you can…

ABC Ignores 213K New Jobs, While CBS Spends Just 17 Seconds On It

Business
July 9th, 2018 12:13 PM
The June jobs report was more good news for American job seekers. The Bureau of Labor Statistics announced July 6, that 213,000 new jobs were added in June. That was more than economists expected. The prior two months were also revised up, adding another 37,000 jobs.

Lowest Ever Hispanic Unemployment Ignored By Univision, Telemundo

Latino
July 8th, 2018 10:30 PM
On the morning of July 6, the U.S. Department of Labor’s Bureau of Labor Statistics announced that Hispanic unemployment in the United States had reached its lowest level, 4.6%, in the 45 years since the agency first started keeping records on the statistic, back in 1973. One would think such a historic achievement would be news that night on the nation’s leading Spanish-language television news…

Print, Online Press Ignore, Downplay Record-Low Hispanic Jobless Rate

July 8th, 2018 9:28 PM
The government's Friday June jobs report showed that the economy gained 213,000 seasonally adjusted payroll jobs, while the nation's unemployment rate increased from 3.8 percent to 4.0 percent, primarily because 601,000 more Americans were in the labor force. Despite the increase in overall joblessness, the rate among Hispanics fell to 4.6 percent, its lowest level in the over 45 years of that…

CNBC: 213,000 Jobs Added in ‘Great Report,’ ‘As Good as It Gets’

Business
July 6th, 2018 2:26 PM
Last month, 213,000 new jobs were added to the U.S. economy — more than expected by analysts. Jobs figures from the previous two months were also revised up by a total of 37,000 jobs. This good news about job gains and increased participation in the labor market drew praise from CNBC’s panelists on July 6, even from former Obama administration economist Jared Bernstein.

Press Parrots Agenda-Driven UN Report on Extreme Poverty in U.S.

June 23rd, 2018 5:38 PM
An obviously agenda-driven report on extreme poverty from the Office of the United Nations High Commissioner for Human Rights accuses the U.S. under the Trump administration of, in the UN group's words, "becoming a champion of inequality." It also claims that, because of its policies, "the American dream is rapidly becoming the American illusion." As one might expect, many the press have eagerly…

Media Ignores Wage, Regulatory Issues Causing Starbucks Store Closings

June 21st, 2018 9:59 PM
Starbucks CEO Kevin Johnson announced Tuesday that the nation's number 3 fast-food outlet (by number of locations) is closing 150 U.S. stores. It's not difficult to read Johnson's comments as indicating that the shuttered stores will primarily be in "blue" or liberal sections of the U.S. At the same time, he has specifically targeted "middle America and the South" for expansion. The business…

Diversity and Inclusion Harm

June 13th, 2018 5:35 PM
In conversations with most college officials, many CEOs, many politicians and race hustlers, it's not long before the magical words “diversity” and “inclusiveness” drop from their lips. Racial minorities are the intended targets of this sociological largesse, but women are included, as well. This obsession with diversity and inclusion is in the process of leading the nation to decline in a number…

Jobs Market Milestone: Nets Skip News of More Jobs than Jobless

Business
June 7th, 2018 8:52 AM
There are now more job openings in America than Americans looking for jobs. The Wall Street Journal reported on June 5, that in spring 2018, the U.S. economy reached this unique milestone — the first time since the Labor Department began tracking the statistic in 2000.

Press Criticizes Trump's Jobs Tweet, Ignored Obama's Similar Actions

June 6th, 2018 6:33 PM
On Monday, columnist James Freeman at the Wall Street Journal's "Best of the Web" noted the selective memories seen in the vast majority of the press over President Donald Trump's relatively noncommittal but nonetheless protocol-breaking tweet an hour before Friday morning's upcoming jobs report. Many of them had a serious case of the vapors, but didn't recall three instances when former…
Video

Sanctimonious Cuomo: Doesn't Trump 'Need to be a Better Man?'

June 6th, 2018 12:52 PM
Tuesday marked the second edition of Chris Cuomo’s new show, Cuomo Prime Time. It’s quickly becoming clear that the show will just be another platform for liberal anger on CNN. Anthony Scaramucci, former White House Press Secretary, joined Cuomo for a discussion about Donald Trump rescinding the invitation of the Super Bowl champion Philadelphia Eagles to visit the White House. Scaramucci took…

NBC Swamps Jobs News in Trade Fears, CBS Shortchanges With 17 Seconds

Business
June 4th, 2018 4:01 PM
The “booming jobs market” got very different treatment from each of the three broadcast networks as unemployment dropped to 3.8 percent. While ABC, CBS and NBC evening news shows all reported the “stronger than expected” numbers, NBC Nightly News spent more than four times as long complaining about a tweet from President Trump ahead of the jobs numbers and fears of a trade war that “threaten”…
Video

AP on Record-Low Black Jobless Rate: 'Taking Chances' on the 'Ignored'

June 3rd, 2018 7:36 AM
In his coverage of Friday morning's stellar jobs report, the Associated Press's Chris Rugaber came up with a couple of doozies aimed at curbing readers' enthusiasm. The AP economics writer half-expected that employers would rein in their hiring over confrontational rhetoric President Donald Trump and other foreign leaders have recently engaged in over trade and tariffs. He also implausibly framed…

Capitalism vs. Socialism

May 30th, 2018 5:39 PM
Several recent polls, plus the popularity of Sen. Bernie Sanders, demonstrate that young people prefer socialism to free market capitalism. That, I believe, is a result of their ignorance and indoctrination during their school years, from kindergarten through college. For the most part, neither they nor many of their teachers and professors know what free market capitalism is.