Where Did the Fed Foreign Lending Story Go

April 7th, 2011 1:02 AM
Last Friday, in what one would think would be a bombshell story headlined "Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Peak," Bloomberg's Bradley Keoun and Craig Torres reported that foreign banks secretly and routinely tapping the Federal Reserve's "discount window" lending program, primarily in 2008 and 2009. Some specifics: "(The) loans protected a lender to local…

NYT Econ Writer David Leonhardt's Simple Budgetary Solutions: Ration H

April 6th, 2011 7:04 PM
New York Times chief economics writer David Leonhardt argued against the deficit-reducing House Republican budget written by Rep. Paul Ryan in his Wednesday front-page Business Day column “A Lopsided Proposal for Medicare.” Instead, Leonhardt called for higher taxes on "affluent Americans"(his reasoning: All wealthy countries do it). It’s one of his favorite arguments for redistributing the…

NYT's Jackie Calmes Declares GOP 'So Far to the Right' on Risky Budget

April 6th, 2011 2:36 PM
The ambitious, cost-trimming House Republican budget proposal put forward by Rep. Paul Ryan “is not going to become law anytime soon, if ever,” New York Times reporter Jackie Calmes assured us in her Wednesday “news analysis,” “A Conservative Vision, With Bipartisan Risks.” Yet it still “poses huge political risks for Republican candidates for Congress and for the White House in 2012.” A front-…

Liberal Commander Kristof in the NY Times: Send SWAT Team to Seize Col

April 6th, 2011 9:47 AM
Nicholas Kristof, New York Times columnist, newly minted war-monger. On March 24 the Iraq war dove claimed the U.S. was being welcomed as liberators in Libya. On Sunday he applauded what the column’s text box admitted was “our inconsistent intervention in Libya,” headlined with a bleeding-heart plea: “Is It Better to Save No One?” He even called for "a SWAT team of Libyans and coalition forces…

New DNC Chair Schultz Has Had Several 'I Know Nothing' Moments

April 6th, 2011 12:31 AM
In the 1965-1971 comedy series "Hogan's Heroes," prison guard  Sergeant Schultz is a "bumbling, highly unmilitary 325-pound Sergeant of the Guard. Schultz is a basically good-hearted man who, when confronted by evidence of the prisoners' covert activities, will simply look the other way, repeating 'I hear nothing, I see nothing, I know nothing!'" Reviewing past NewsBusters posts featuring or…

McDonald's Hiring 50,000, Media Celebrate. But In Reagan Era, Media Di

April 5th, 2011 3:51 PM
First, let me make something clear. One thing I learned in my first job as a dishwasher back in the Mesozoic Era is that all work conscientiously done can be noble. I don't criticize McDonald's for wanting to grow their business and the businesses of their franchisees, and I surely won't criticize anyone for taking a fast-food job to put food on the table or to gain an employment foothold.…

NYT's Paul Krugman Bashes Rep. Paul Ryan's Budget, but Lays Off the 'F

April 5th, 2011 2:46 PM
Respectable economist turned partisan New York Times columnist Paul Krugman weighed in at his nytimes.com blog Tuesday morning on the ambitious budget proposal for Fiscal Year '12, released by the chairman of the House Budget Committee, the formerly flim-flam-sauce-drenched Rep. Paul Ryan. In his post, headlined “The Threat Within,” Krugman at least held off the childish insults this time,…

NY Times Exec. Editor Keller Contemplates Being 'Frog-Marched' in Shac

April 5th, 2011 7:04 AM
For “Secrecy in Shreds,” his latest column for the New York Times’s Sunday magazine, Executive Editor Bill Keller conducted a surprisingly affable conversation with conservative journalist Gabriel Schoenfeld of Commentary magazine, who last year published “Necessary Secrets,” a book highly critical of Keller and the Times revealing details of and thus wrecking two successful terrorist-fighting…

No Squeamish Urban Liberals Here: NY Times Readers Up in Arms About Wo

April 4th, 2011 4:26 PM
If the New York Times isn’t a liberal newspaper, then why do so many humorless liberals complain when it makes a lighthearted detour off the P.C. reservation? The retooled letters-to-the-editor page contains an amusing revelation of the delicate liberal sensitivities of the paper’s readership. The Times flagged a variety of complaints about a feature in the previous issue, showing nine…

New York Times Buries Muslim Brotherhood Connection to Hamas

April 4th, 2011 2:38 PM
On April 2nd, The New York Times published a piece by Ethan Bronner titled, "In Israel, Time for Peace Offer May Run Out." In the piece, Bronner discussed various aspects of the Israeli-Palestinian conflict, including statehood, violence, peace talks, religion, the West Bank, Gaza, and the Muslim Brotherhood. But while Bronner spent many paragraphs detailing the difficulties in establishing…

NYT Leads With Optimism Based on 8.8% Joblessness: 'A Lift for Obama

April 4th, 2011 2:19 PM
Michael Powell’s New York Times story on the latest job figures made the lead slot in Saturday’s Times, with a headline portraying a revitalized Obama and a defensive G.O.P. “U.S. Posts A Gain Of 216,000 Jobs, A Lift For Obama -- Private Sector On Rise -- As Jobless Rate Falls to 8.8%, White House Warns G.O.P.” One might not think an 8.8% unemployment rate would be cause for swagger and…

The New York Times vs. Unjust State Spending Cuts: Florida Edition

April 4th, 2011 8:03 AM
The New York Times vs. state spending cuts, take four. Reporter Lizette Alvarez led off Friday’s National section with a story on the plight of unemployed Floridians: “The Jobless See A Lifeline at Risk - Florida Eyes Cut in Benefits.” Alvarez’s story hyped the liberal compassion factor even more than a similar story in Wednesday’s Times, on a move in Michigan that will also trim state…

Krugman: 'All This Stuff About Uncertainty is a Myth Made Up to Blame

April 3rd, 2011 12:25 PM
New York Times columnist Paul Krugman was in his predictable defend Obama at all costs mode on Sunday's "This Week." When former Bush administration official Torie Clarke said unemployment remains high because the private sector is concerned about future regulations, the Nobel Laureate scoffed, "All of this stuff about uncertainty is just a myth being made up to blame this on Obama" (video…

NYT vs. 'Pain' and 'Hurt' of State Budget Cuts: New York State Edition

April 1st, 2011 9:15 PM
The New York Times vs. state spending cuts, take three. After the New York State legislature passed a $132.5 billion budget under new Democratic Gov. Andrew Cuomo that cuts overall spending by two percent, Albany-based reporter Thomas Kaplan went looking for budget victims for Friday’s “After an On-Time Passage of a Pared-Back Budget, Bracing for the Pain to Come.” Not once did the Times…