Business Coverage

Yesterday's government report on the economy's growth, which told us that the nation's gross domestic product grew at an annual rate of 2.6 percent during the fourth quarter, sharply underachieved analysts' expectations of an annualized 3.0 percent to 3.6 percent. The stock market clearly reacted negatively to the downside surprise. Bloomberg's take at the end of the day: "U.S. stocks fell Friday…

Even Charles Babington at the Associated Press, for once not the completely beholden Administration's Press, seemed to be having a hard time buying what Democrats at a meeting in Philadelphia were selling. Unfortunately, he decided to let Joe Biden's direct contradiction of his party's congressional delegation's sunnyside-up stance on the economy go unreported. In a video carried at the Weekly…

If someone fools you once, shame on them. If they fool you with the same trick a second time, shame on you. If they "fool" you a third time — well, you must be in on it. That's my take on Bloomberg News's virtually euphoric reaction to yesterday's new-home sales release from the Census Bureau. The wire service's Shobhana Chandra celebrated how seasonally adjusted December sales were at "the…

Ever since the publication "Earth in the Balance" in 1992, we've seen the press minimize the public's exposure to the more outrageous ideas and quotes emanating from former Vice President Al Gore. Concerning that original book, Gore's statement that "The internal combustion engine is the greatest enemy of mankind" and his contention that it could and be eliminated in 25 years are hardly known by…

On Friday, Melissa Quinn at the Daily Signal, after the release of the government's "Union Members -- 2014" report, uniquely observed that the unionized percentage of the public- and private-sector nonagricultural wage and salary U.S. workforce had reached "its lowest rate in 100 years." From what I can tell in web and news searches, despite the fact that virtually any 100-year record is…

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…

It would seem that the conversation at Politico went something like this: "Hey, we need to hit the Obama administration for the havoc its policies have wreaked on the middle class. But we can't go after them too hard, because that might burn some bridges, and we'll lose our stenographer — er, journalistic — access. So we need to use someone sympathetic to Democrats who will know how not to go…

In a report on the upcoming Greek elections, an unbylined Friday afternoon Associated Press report dusted off words seldom seen in their dispatches, using the term "radical left" twice and the word "radical" separately once for good measure. The almost never seen terms — virtually invisible in decades of descriptions of longtime radical leftists like Fidel Castro, the late Hugo Chavez or lefty…

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…

In his State of the Union address — perhaps, based on the recommendations for government involvement and control he made therein, better described as his Statist of the Union address — President Obama referenced the "growing" U.S. economy at least three times, but "recovery" only once. Specifically, he claimed that "thanks to a growing economy, the recovery is touching more and more lives." The…

The latest report out of Venezuela by the Associated Press's Hannah Dreier has a time stamp of 1:15 p.m. today. This means that the wire service has had plenty of time to report, and has chosen not to report, a powerful pastoral letter issued yesterday by that country's Catholic bishops (original in Spanish; full Google Translation) denouncing that country's descent into a system they described…

Three results returned in a search at the Associated Press's national site on "Venezuela" tell us almost nothing about that country's deepening economic crisis. An unbylined January 10 item reports on the visit of Nicolas Maduro, the country's de facto dictator, to Iran in hopes of "stabilizing" (i.e., raising) oil prices. A second unbylined report on January 9 tells readers that there's really…

Those who rail at Fox News for allegedly being a haven of unbridled, uninterrupted conservatism usually and conveniently fail to remember that Shepard Smith is there. Smith's take yesterday on the potential pitfalls of a thaw in U.S.-Cuba relations, particularly on the commercial front, was nothing short of astonishing. His primary fear, expressed in an interview with Gerri Willis of the Fox…

Although 2014 was an election year, venomous attacks weren’t just in the campaign commercials. Most recently, anti-business attacks came from protesters across the country in the form of #ShutItDown. And there were many other anti-business views presented by the liberal news media, TV programming and left-wing extremists this year. Attacks on businesses, executives and certain products were…