Unemployment

Less than five hours after its release, the government's news that retail sales fell by 0.6 percent in February — compared to a 0.3 percent increase expected by economists and analysts — is buried way down (about 6-8 screens, depending on your computer) on the home page of Bloomberg News, where the focus is supposed to be on developments in business and the economy. Instead, the web site's main…

Stocks took a beating yesterday. The Dow Jones Industrial Average lost 279 points. The S&P 500 and the NASDAQ each declined by over one percent. The subject line of a USA Today email I received shortly after the closing bell crystallized the establishment press "wisdom": "Dow plunges nearly 280 points as strong jobs data raises Fed rate hike fears." The problem is that even though the…

The Fiscal Times is a generally strong and informative online publication. That said, it has occasionally exhibits symptoms of what could be seen as either serious leftist bias, quite disappointing ignorance, or both. One such example arrived in my email box early this morning. It contained the following headline and opening tease for a story about the food stamp program:

Yesterday, in a column at his organization's web site, the head of the nation's leading polling organization called the government's official unemployment rate, currently at 5.6 percent, a "big lie." Rest assured that if Gallup Inc. Chairman and CEO Jim Clifton had written this column during a Republican or conservative administration, his words would have been picked up by the Associated Press…

The Seattle Seahawks yesterday - in a moment of profound foolishness - forsook Beast Mode for Least Mode.  And it cost them the Super Bowl.   But they can take ever so slight solace - the Media has been in Least Mode for decades.  This has been on prominent display throughout the Barack Obama Administration - and certainly when it comes to the Administration’s many, MANY unilateral power grabs…

This post follows up on Friday morning's entry (at BizzyBlog; at NewsBusters) showing that "Fewer Than 0.5% of Americans Live in Fully Recovered Counties." This is the kind of news which would be front and center with the nation's establishment press if such a report came out during a Republican or conservative presidential administration. With Team Obama in place, NACo's work has been virtually…

As President Barack Obama and Governor Jerry Brown continue to extol the wonders of the alleged economic recovery of nation and the Golden State, respectively, stories of significant growth in homelessness continue to rain on their parades. The latest example comes on the heels of reports on Seattle's burgeoning problem and the city's apparent willingness to allow officially sanctioned outdoor…

Someone looking at the annual "Union Members" report released this morning by the Department of Labor's Bureau of Labor Statistics would logically conclude that 2014 was a year organized labor would rather forget. While average nonagricultural wage and salary employment increased by over 2.32 million from 2013 to 2014, union membership only went up by 48,000, or about 2 percent of the nationwide…

Without laughing, ABC’s George Stephanopoulos on Tuesday’s World News Tonight advanced the White House hope that Barack Obama will be seen as Ronald Reagan was in 1987, as a President who rescued the economy and was rewarded by voters.

Former New York Governor Mario Cuomo, who died on Thursday, is predictably being lionized today by USA Today's Aamer Madhani "as (a) giant in political rhetoric," and by others elsewhere in similarly glowing terms. Madhani goes on to characterize the three-term Empire State chief executive's 1984 Democratic Convention speech in San Francisco as "what is widely considered one of the finest pieces…

Call the Ripley's Believe It or Not people. Have smelling salts available. What follows will surely be one of the more unusual things you've seen or heard this year. In the midst of his otherwise odious Silicon Valley race-hustling shakedown effort, Jesse Jackson said something that made sense — so much sense that the rest of the press, which usually hangs on every word of his nonsensical…

The old saying — "To err is human, but to really screw things up, you need a computer" — needs an update. In this case, it's "To err is human, but to wreck an entire industry, you need to have the federal government try to force it to computerize." I'm referring to the government's attempt to coerce doctors into using its mandated, "clunky, time-sucking" electronic health records system. Somehow…

The establishment press is virtually giddy over New York Governor Andrew Cuomo's cowardly, self-serving decision to ban fracking in New York. It's cowardly because Cuomo is publicly pretending that he's only deferring to his environmental and health commissioners, when everyone with an ounce of sense knows that he's getting the recommendations he wanted. It's self-serving because it enhances his…

An epic example of fanciful, fatuous liberalism featured in the most recent New York Times Sunday Review, a screed from Times food writer Mark Bittman that tried to tie in every single current event into a neat package labeled Republican Evil: "The police killing unarmed civilians. Horrifying income inequality. Rotting infrastructure and an unsafe "safety net." An inability to respond to climate…