June 10, 2015

Diane Rehm Assumes Sanders Has Dual Citizenship — Based on a Facebook Comment

Among the many tired, bogus complaints heard from the establishment press is the one about how careful they are compared to the reckless knaves in the blogosphere and New Media. You see, they only use reliable sources, while bloggers will believe anything anyone writes or posts on the Internet.

Well, I suspect there are very few people in blogosphere dumb enough to rely on a Facebook comment and then, without any further research, treating it as established fact in a discussion with a sitting United States Senator and 2016 presidential candidate. But that’s what WAMU’s Diane Rehm did on Tuesday in her syndicated NPR broadcast (HT Washington Free Beacon via Hot Air):

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Veteran Dallas Reporter Makes Rookie Mistake on Taxing of U.S. Firms’ Overseas Profits

Will Deener, who has been a business reporter since at least before the turn of the century, considers his most unforgettable experience on the job to be “Covering the crash of the Internet stocks and Enron in 2000-2002.”

Sunday evening, the Dallas Morning News columnist moaned about how big U.S. companies engaged in real businesses are avoiding paying billions in taxes because “the nation’s largest companies stockpile billions of dollars in profits overseas.” In the process, he assumed that companies would pay the highest federal income tax rate of 35 percent on all overseas profits repatratriated. That’s simply wrong, and it’s astonishing that someone with his experience doesn’t know any better. That level of ignorance largely explains why President Barack Obama, earlier this year, was able to package what was effectively a reversal of decades of tax policy as a “one-time tax” on such earnings — whether or not they were repatriated.

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AP Keeps Mosby’s Name Out of Headline in Story Entirely About Her

Readers can be excused if they believe that the Associated Press might be more interested in protecting what little is left of Baltimore prosecutor Marilyn Mosby’s credibility and reputation than they are in reporting the news.

Look at the vague headline about enhanced police presence in the area where Freddie Gray was arrested that Mosby herself requested at the AP story by Juliet Linderman:

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Wednesday Off-Topic (Moderated) Open Thread (061015)

Filed under: Lucid Links — Tom @ 6:05 am

This open thread is meant for commenters to post on items either briefly noted below (if any) or otherwise not covered at this blog. Rules are here.