Wall Street Journal

This morning, some 30 people were arrested in New Jersey, the fruit of a two-year federal investigation into a international money laundering scandal. Among those arrested were Democratic Mayors Peter Cammarano III (Hoboken) and Dennis Elwell (Secaucus), as well as Democratic deputy mayor of Jersey City Leona Beldini and Republican state Assemblyman Daniel Van Pelt. But if you only got your news…

It's one of the few times one can wish the reporting by NBC News was right and CNBC was wrong. A segment on the July 21 "NBC Nightly News" pointed out some of the key points of a budget deal reached between California Gov. Arnold Schwarzenegger and leaders of the state legislature. The deal means some service cuts - but also includes the possibility of exploration and drilling for oil off the…

The House Ways and Means committee approved a half-trillion dollar tax increase overnight, but the ABC and NBC morning news shows offered only a single sentence to the development, while CBS’s Early Show skipped it entirely.Neither NBC’s Today nor ABC’s Good Morning America mentioned the tax increases $544 billion price tag, as each newscast folded the development into larger pieces on President…

An editorial in yesterday's Wall Street Journal bemoaned the fact that the state-run health system in Massachusetts is failing, and that its implosion isn't common knowledge.Formally known as CommonwealthCare, the Massachusetts scheme has the political name of "RomneyCare," in "honor" of the Bay State governor and former presidential candidate who championed its passage in 2006.The Journal…

While many on the left are reveling in the downfall of South Carolina Gov. Mark Sanford after he disclosed his affair with a woman in Argentina, there's a sympathetic figure being overlooked that might have the necessary background to fill the void left by the governor should he resign. On CNBC's June 30 "The Kudlow Report," Wall Street Journal senior economics writer Steve Moore explained his…

The government of Hungary voted to cut income taxes Monday to pull itself out of recession, and America's media for the most part ignored it.At the same time, German chancellor Angela Merkel is pushing for lower taxes to help her nation's economy, and our press have similarly been less than enthusiastic about sharing the news.One of the exceptions in both cases is the Wall Street Journal which…

(Photo is of the martyred "Neda")In a passionate Wall Street Journal op-ed this morning ("Silence Has Consequences for Iran"), former Spanish Prime Minister José Aznar who, in case anyone cares, serves on the board of WSJ parent News Corp., says that "It would be a shame .... if our passivity gave carte blanche to a tyrannical regime to finish off the dissidents and persist with its revolutionary…

If the recession was the only reason why the welfare rolls are what they are in the various states, you would expect the percentage of the population utilizing the entitlement program, now known as TANF (Temporary Assistance for Need Families), in the various states to have some sort of relationship to their respective unemployment rates.That is self-evidently not the case. The failure by Sara…

Surprise, surprise.  Despite the overwhelming negative reaction to the President’s statements regarding the Iranian election demonstrations, Washington Post writer Glenn Kessler could not find more than one foreign policy expert that was vaguely critical.  In fact, the sole expert they did find to criticize the President added a caveat – a caveat of praise.In the section titled ‘Approach…

First the federal government's auto bailout bullies came for Chrysler's secured, first-lien creditors, and defeated them.Then they came for General Motors' unsecured bondholders. The feds appear to be in the drivers' seat in shafting them disproportionately to force a better deal for the United Auto Workers' healthcare trust.Now, in a matter that at first only seemed to interest the Wall Street…

Sometimes the numbers in a wire service report are so ridiculous, you just know that they're bogus. On Wednesday, June 11, a duo of Associated Press reporters, Chris Kahn and Sandy Shore, with an assist from Tali Arbel, reported on a study "green jobs" study released by the Pew Charitable Trusts. In "The Clean Energy Economy: Repowering Jobs, Businesses, and Investments Across America," Pew made…

You can't make this stuff up. The titled quote comes from a Bloomberg story today about new GM Chairman Ed Whitacre. You also can't make up most of the media's calm acceptance of yet another person heavily involved with running General Motors, aka Government Motors, who knows next to nothing about cars except as a consumer who drives them. At least it's refreshing that this guy has…

(I know; it almost doesn't count, because it's in the lefty-despised Wall Street Journal Opinion section.)As yours truly noted a month after the presidential election (at NewsBusters; at BizzyBlog), Barack Obama's handlers and his teleprompter began telling the president-elect to begin using variations on the term "create and/or save" in speeches about jobs and the economy within days of his…