August 26, 2015

AP Drags Bush 43 Into Coverage of IG’s Report on Solyndra

Almost four years ago, solar energy manufacturer Solyndra filed for bankruptcy, leaving the federal government with a loan guarantee-related loss of up to $535 million.

The Energy Department’s inspector general released a report on the debacle today. At the Associated Press, reporter Kevin Freking made sure readers knew that the loan guarantee program began under President George W. Bush, but somehow “forgot” to note, as the Weekly Standard did at the time, that the Energy Department under Bush made a “unanimous decision to shelve Solyndra’s application two weeks before Obama took office.”

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August 25, 2015

Apple Gets Kid-Glove Treatment After CEO Emails CNBC’s Jim Cramer About Its China Business

It doesn’t seem likely that an oil company CEO would get the benefit of the doubt Apple CEO Tim Cook received from the press yesterday after he emailed well-known financial commentator and investment adviser Jim Cramer about his company’s performance in China.

In an email read over the air on CNBC, Cook reported that “we have continued to experience strong growth for our business in China through July and August.” The question is whether, by providing this private disclosure, Cook violated U.S. “fair disclosure” regulations requiring that “materal information” be disclosed to the public.

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August 22, 2015

Defending Planned Parenthood, LA Times Relays ‘Abortion Is 3 Pct. of Its Services’ Myth

Earlier today, I noted that Los Angeles Times reporter Maria L. La Ganga compared the heroic undercover work done by investigators at the Center for Medical Progress to the 2004 efforts of the Swift Boat Veterans for the Truth. She meant it as a negative, claiming that the Swift Vets’ assertions about Democratic presidential candidate John Kerry’s service in Vietnam and his antiwar activities after he returned home are “considered by many one of the ugliest, most unfair attacks in recent political memory.” She even claimed — knowingly engaging in falsehood, in my opinion — that “the Swift boat claims were later discredited.” Sorry, ma’am. The Swift Vets’ truths stand tall to this today.

Though the Times Seattle bureau chief doesn’t reference it in her writeup, an Associated Press chart contained therein relays a falsehood Planned Parenthood routinely promotes. This one claims that “Abortion is 3 percent of Planned Parenthood Services”:

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August 17, 2015

Japan’s Over-’Stimulated’ Economy Contracts Again, and the Supposed Solution Is More ‘Stimulus’

Japan, once a feared world economic powerhouse already at “two decades of little or no real economic growth,” just reported that its economy contracted during the second quarter at an annual rate of 1.6 percent.

The common thread throughout the two-decade slump has been the alleged need for ever-increasing levels of Keynesian “stimulus.” Apparently refusing to believe there are any other viable alternatives to what hasn’t worked for 20 years, the world’s press is expecting — and creating pressure for — even more “stimulus.”

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August 11, 2015

AP and Reuters Ignore Likely Impact of Bloated Inventories on Future Growth

Two wire service dispatches covering the government’s June Wholesale Sales and Inventories release either glossed over or completely ignored what others are saying about the report’s impact on near-term economic growth.

The final sentence of an unbylined Reuters report vaguely referred to future impact by indicating that current inventory balances, which are bloated by historical standards, “would weigh on manufacturing and economic growth” (i.e., have a negative impact). Both Reuters and the AP’s Josh Boak completely ignored a leading GDP forecaster’s estimate that inventory buildups seen during the second quarter will cause a significant third-quarter pullback which will also knock down third-quarter economic growth considerably — and that was before today’s news that the June buildup was even greater than expected. Boak’s report also contained an utterly unsupportable “things are getting better” statement.

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July 31, 2015

More Deadpan Humor at AP: Concern That We’re ‘Entering … Historically Slow Growth’

These economics reporters at the Associated Press have become experts at deadpan humor.

Earlier today, I noted how the wire service’s Christopher Rugaber told readers, in the wake of a government report showing the lowest wage and benefit increases on record, that “the job market is not yet back to full health.” No kidding, Chris. On top of that, the AP’s Martin Crutsinger reacted to yesterday’s tepid report on gross domestic product, which was accompanied by significant downward revisions to the past three years, by expressing “concerns that the U.S. economy has entered a period of historically slow growth.” Dude, we have been living through historically slow growth for six years, ever since the recession officially ended in the middle of 2009.

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Delusional AP: ‘Job Market Is Not Yet Back to Full Health’

Christopher Rugaber at the Associated Press and the “expert” he quoted in his writeup on the government’s awful Employment Cost Index report seemed to be taking their cues from Steven Wright’s deadpan comedy act. The problem, of course, is that they were writing and saying isn’t funny at all.

Rugaber, with his “expert” help, assembled an impressive array of understatements and misstatements in the wake of the smallest reported quarterly increase in U.S. worker pay on record. His worst characterization: “[T]he job market is not yet back to full health.”

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July 29, 2015

And Today’s Winner of the Internet Is …

Filed under: Business Moves,Life-Based News,Taxes & Government — Tom @ 8:24 pm

“Chris Burke,” who, in response to a ghastly, truly sick tweet from former Texas Democratic gubernatorial candidate Wendy Davis, had this to say:

UndocumentedBabyParts072915

July 28, 2015

Planned Parenthood Is Telling Media Undercover Videos ‘Should Not Be Aired’

In some areas of the country, Planned Parenthood has gone on the offensive against local and regional news outlets in an attempt to minimize the exposure of damning undercover videos produced by the Center for Medical Progress. They are telling these outlets that the videos “should not be aired.” This is an attempt at corporate censorship which the establishment press would treat as important news if almost any other corporation — for-profit or not-for-profit — made such an attempt.

PlannedParenthoodAbortedBabyValuation0715

Following on the heels of two videos released during the past two weeks, today’s third video, titled “Human Capital – Episode 1,” which clearly indicates that there’s more to come, as Breitbart News describes it, “shows doctors discussing how to maximize revenue from (the) sale of fetal tissue.” A North Dakota TV station (HT Jammie Wearing Fool via Truth Revolt and Life News) reports that it has obtained what it described as “a letter (sent) to TV stations in Minnesota, South Dakota and North Dakota.” Here is the full letter (bolds are mine), complete with reckless, desperate and unsubstantiated charges:

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July 27, 2015

Press Mostly Fails to Report Union Exemptions in Some Minimum-Wage Laws

I guess the slogan of labor has changed from “Look for the union label” to “Look for the union waiver.”

The Los Angeles Times published a long front-page story early this morning on an issue some people thought disappeared after its initial exposure two months ago. The issue is whether union workers should be exempt from minimum wage laws, especially the sky-high minimums being enacted in some U.S. cities. To those who have been unaware of the issue up until now and are thinking that all of this must be a joke — it’s not. It’s just that the press, which not coincidentally has a higher percentage of union members than the private sector as a whole, has barely noted it.

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AP’s Obsessed Weissert Whines About Perry’s ‘Pricy’ and ‘High-Powered’ Legal Team

2016 GOP presidential candidate and former Texas Governor Rick Perry is fighting a legal battle against an out-of-control Lone Star State county. That county’s prosecutor has sued Perry, claiming that a) he committed an illegal act of “coercion” by threatening to veto legislation funding a “public integrity” office headed by Travis County’s Rosemary Lehmberg, who was convicted of drunk driving in 2013 but refused to resign; and b) that he committed another illegal act by carrying out his veto promise. In effect, the county wants to criminalize Perry’s exercise of his then-gubernatorial duties.

A Texas Court threw out the “coercion” contention on Friday. The Associated Press’s Will Weissert, who has demonstrated consistent hostility towards Perry in recent years while somehow retaining employment as an allegedly objective journalist, was quite displeased. He whined about Team Perry’s lawyers doing all they can to defend him — twice — while making sure readers know that the politician he so despises is not catching on very well as a candidate for the GOP nomination.

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July 25, 2015

Not News: Coal CEO Decries EPA’s ‘Political Power Grab of America’s Power Grid’

In a speech at a Republican Lincoln Day dinner in West Virginia earlier this week, Murray Energy Corp. founder and CEO Robert Murray decried the Obama administration’s determination to, as described at the financial news site SNL.com (to be clear, no relation to Saturday Night Live), “bypass the states and their utility commissions, the U.S. Congress and the Constitution in favor of putting the U.S. EPA in charge of the nation’s electric grid.”

In the establishment press, Murray’s speech was only covered in a single snarky paragraph by Darren Goode at the Politico titled “Don’t Hold Back Now” — obviously attempting to paint Murray as unreasonable and extreme — and a writeup at the Wheeling (WV) Intelligencer. After all, what does Murray know? He’s only the head of the largest company in an industry which is still responsible for fueling 39 percent of America’s electrical grid, and the majority of it in many states. Who would want to give him any visibility, as if he has anything valuable to say? Well, I do.

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July 22, 2015

Positivity: Hardee’s worker receives reward for act of kindess

Filed under: Business Moves,Positivity — Tom @ 11:40 am

From Knoxville, Tennessee (video at link; related story here; HT Gateway Pundit):

11:48 p.m. EDT July 15, 2015

A Knoxville fast food worker who received attention on Facebook for an act of kindness received a special gift on Saturday as a thank you.

Kailen Young, 17, was rewarded after a picture of him was posted on Facebook last week. The photo, which has been shared more than 3,800 times, shows him offering his hand to an elderly woman who needed help walking to her car. Young stopped washing windows when he saw the woman needed help.

Hardee’s gave Young a $1,000 check to show their appreciation. Young said he is still in shock over the attention his small act of kindness is receiving.

Go here for the rest of the story.

July 20, 2015

AP and the Hill Look at the Same Business Survey, Draw Up Sharply Different Reports

The National Association of Business Economics released its quarterly survey of its members’ take on the state of the current and future economy today.

Given that the survey only had 112 responses, it’s probably not a good idea to generalize too much about its results. That didn’t stop The Hill from headlining Vicki Needham’s writeup by far too optimistically declaring that “Business leaders expect strong finish to 2015.” In an upset, possibly indicating that today’s scheduled koolaid delivery intended for the Associated Press got misdirected to and doubled up at the Hill’s offices, the wire service’s Christopher Rugaber — looking at the same survey — wrote that “U.S. businesses’ outlook on sales in the coming months has darkened.”

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AP, Reuters Fail to Connect Latest A&P Bankruptcy to Its Unions

The company officially known as the Great Atlantic & Pacific Tea Co. has filed for bankruptcy for the second time in five years. This time around, the storied “A&P” name may completely disappear.

Coverage at USA Today by Nathan Bomey notes that “About 93% (of its workers) are represented by one of 12 different unions, and many of them have bumping rights that the company has described as a big barrier to reducing costs.” Coverage at two of the three major business wire services, the Associated Press and Reuters, failed to mention the word “union” at all.

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