Online Media

In the November 2000 presidential election, the Big 3 TV networks prematurely declared Democrat Al Gore the winner before the polls in those portions of the Sunshine State in the Central Time Zone had even closed. According to one post-election study, the networks' arguably politically motivated calls cost Republican George W. Bush 10,000 votes, led to the most bitter post-election battle over…

A Sunday morning report by Associated Press political writer John O'Connor acts as if the the sordid history of fiscal irresponsibility in the State of Illinois is a new development brought on by a stubborn Republican governor in just the past seven months. What hogwash. The state has had a large backlog of delinquent unpaid bills for a decade, if not longer. Five years ago, a Democratic…

In trying to explain the current situation in Venezuela, the Washington Post's Matt O'Brien, in a post at the paper's Wonkblog, also inadvertently identified two reasons why authoritarian socialist tyrants like Huge Chavez and Nicolas Maduro are able to achieve and retain power. The formula is simple: When you first gain power, garner international and media goodwill by giving stuff away, like…

Those in the press who have insisted that the "Ferguson effect" is an urban legend will have a hard time explaining why the two cities with the most potential to be affected by this supposedly mythical phenomenon now have murder rates among the top 20 in the entire world. St. Louis, Missouri, next door to Ferguson, where a leftist-"inspired" campaign of "protests," civil disorder and rioting…

Observers can be excused for thinking that the politicial establishment is preparing the battlespace to convince us plebes that progress and economic growth are overrated. (That's sort of odd for people who call themselves "progressives," but making sense is not their strong suit.) How interesting, for example, that Northwestern University economist Robert Gordon's book, The Rise and Fall of…

As has been its habit during the Obama administration when the economy turns in a poor performance, the press's coverage of yesterday's report on U.S. economic growth focused on how much better next quarter's news will supposedly be. Especially in this instance, the beat reporters and pundits should have looked at whether or not yesterday's initial result will hold up, or whether it's likely to…

Friday morning, the government reported that the economy grew at a pathetic annual rate of 0.7 percent in last year's final quarter. As it did in covering the disappointing Christmas shopping season, the business press partially blamed yesterday's awful result on the weather, i.e., warm weather.

This afternoon, Catherine Herridge at Fox News reported that "the intelligence community has deemed some of Hillary Clinton’s emails 'too damaging' to national security to release under any circumstances." This eighth "smoking gun" — on top of the seven an Investor's Business Daily editorial identified last week — wasn't enough to move the Associated Press Bradley Klapper from the AP's default…

The Associated Press may be down to one person in the whole wide world who will tell its economics reporters what they want to hear when the federal government releases economic data. That's what you almost have to conclude after reading the wire service's reports on two of Thursday's major releases, namely last week's initial unemployment claims and December's durable goods orders and shipments…

Ebony magazine senior editor Jamilah Lemieux ran to Seattle Seahawks quarterback Russell Wilson's defense in a Thursday post on Twitter over his apparent choice of clothing, but also took the opportunity to tout how the NFL player "divorced a WW [white woman] when he signed a big contract and got with a Black single mom."

The hype machine was in overdrive at the Associated Press on Wednesday as economics reporter Josh Boak covered the government's mid-morning release on new-home sales. Boak opened by writing that "Americans rushed to buy new homes in December at the strongest pace in 10 months." Good heavens, we're talking about only 38,000 individuals or families, or about 0.031 percent of the nation's roughly…

Critics who warned in 2010 that the odious Dodd-Frank law's Consumer Financial Protection Bureau would become a rogue agency which would become a largely unaccountable behemoth on a mission to create problems where none exist could not have been more correct. Sadly, searches on terms relevant to one of the agency's latest controversies involving the distribution of funds in a two year-old auto-…

In an unexpected development which may ultimately qualify as a "be careful what you wish for" exercise, the District Attorney in Harris County, Texas, whose county seat is Houston, has indicted Center for Medical Progress videographers David Daleiden and Sandra Merritt. Yes you read that right, via coverage in the Houston Chronicle (bolds are mine):

Over the past several months, economics reporters at the Associated Press have told us time and time and time again that the U.S. economy is "largely insulated" from adverse economic developments overseas. So why is the AP's Martin Crutsinger going along with the now-shifting conventional "wisdom" that Janet Yellen's Federal Reserve may have to defer implementing additional interest-rate…