Business Coverage

According to Don Imus, it's the late-1970s all over again, and not in a good way.  Imus appeared on the Fox News Channel's Nov. 24 "Hannity" program and had some disparaging words for the current administration's economic policy. He told viewers that Obama's associations with Jeremiah Wright and Bill Ayers weren't the problem (h/t Erick Erickson at RedState.com). "You had me convinced - yes…

It's an issue that libertarian Rep. Ron Paul, R-Texas, and Sen. Bernie Sanders (I-Vt.), a self-proclaimed socialist agree on: Congress should have the authority to call for the Federal Reserve to be audited. But it is also something that some in the financial media are reluctant to support, especially judging from the tone of CNBC "The Call" co-host Trish Regan and comments CNBC senior economics…

Now that former CNN host Lou Dobbs has been freed of his duties with his former network, he has been making the rounds on other networks - Fox News "The O'Reilly Factor," Comedy Central's "The Daily Show" and now with his long-time rival's show CNBC's "The Kudlow Report."  One of the issues debated among a panel consisting of Dobbs, host Larry Kudlow, former Clinton Secretary of Labor Robert…

In the alternative universe known as Government/General Motors Land, you can: Talk about how your financial results are going to be better than last year's and in the next breath caution that the numbers won't be comparable. Inform the public that the financial information to be released on Monday isn't going to be prepared in accordance with generally accepted accounting principles (GAAP),…

We've come to expect intellectual dishonesty from the media elite, and Nobel Prize-winning economist Paul Krugman, a columnist for the New York Times, never disappoints. Krugman, in a Nov. 11 post on his NYTimes.com blog titled "The agony of Fox Business," made it clear he was a subscriber to the left-wing fairy tale that Fox News, and by extension the Fox Business Channel, are not pro-business…

Imagine if you will, that during the prior presidential administration two EPA employees put up a video on YouTube that criticized environmental and energy policies supported by Republicans in Congress and President Bush, only to be told by EPA officials that they need to take down the video. Given the media's consternation about the Bush administration's alleged efforts to squelch proponents of…

On Tuesday's The O'Reilly Factor on FNC, former ABC News anchor John Stossel -- now with Fox Business -- came aboard to discuss the New York Times's recent attack on him for speaking in front of the conservative/libertarian group Americans for Prosperity. After charging that the Times never showed interest in his speeches to conservative groups before he joined Fox Business, the former 20/20 host…

The August Congressional Budget Office budget forecast for the fiscal year that began last month says that Uncle Sam will take in $2.264 trillion from October 2009 through September 2010. That's an increase of 7.6% over fiscal 2009's intake of $2.105 trillion. Though it won't be official until Tim Geithner's crew releases its Monthly Treasury Statement next week, it's virtually certain that the…

Many industries rely on migrant labor, but that is no excuse for news networks to advocate a path to legalization for illegal aliens, or - worse - to excuse employers who simply look the other way. Yet, CNN's Jason Carroll did both in a segment for "American Morning" Nov. 5. "You hear it, not just in the farming industry, but in the restaurant industry as well and so many of these industries…

Ford Motor Company took everyone by "surprise" Nov. 2, when it announced nearly a billion dollars in profit for the third quarter of 2009. The company also said it would be "solidly profitable" by 2011. CNN repeated the announcement on Nov. 3 "American Morning," saying, "Turning now to the Big Three in Detroit, Chrysler extends its buyout offer to more than 20,000 employees while General…

Well, it only took them the better part of a year to pick up on what yours truly first noted in early February (at NewsBusters; at BizzyBlog), and what anyone with eyes has surely known for months. But the Associated Press has finally acknowledged it -- or at least it's the first time I've seen the wire service do so. In the eighth paragraph of their article covering October's auto sales, AP…

Warren Buffett, the second richest man in the world and CEO of Berkshire Hathaway (NYSE:BRK.A), doesn't have much faith in the future of print media. In an interview on CNBC's Nov. 3 "Squawk Box," following the announcement of his purchase of Burlington Northern (NYSE:BNI), Buffett was asked to comment on the future of news media, in particular newspapers and business news by "Squawk Box" co-…

Want more evidence print media is giving way to digital formats? According to CNBC "Squawk on the Street" Nov. 3, Internet behemoth Google (NASDAQ:GOOG) could have its sights set on The New York Times (NYSE:NYT). Brian Shactman, a general assignment reporter for CNBC noted an article in the Nov. 2 Wall Street Journal that indicated a lot of big companies are hoarding cash and short term…

Does the self-described "Nation's Newspaper" -- er, make that the nation's second newspaper -- have a MoveOn mole as a headline writer? The paper's headline at its report on Thursday's government announcement that the nation's Gross Domestic Product (GDP) came in at an annualized 3.5% after four consecutive quarters of decline was not only over the top. Its message went directly against an…