April 29, 2016

Now He Tells Us: MarketWatch Writer Discovers That Presidential Candidates’ Political Posturing Affects the Economy

On Thursday, shortly after the government estimated that the economy only grew at an annual rate of 0.5 percent in this year’s first quarter, Jeffry Bartash at Marketwatch.com commented on the especially weak performance in nonresidential business investment.

That category subtracted 0.76 points from GDP, the worst result since the second quarter of 2009, during the recession. Bartash, presumably based on real discussions he’s had with real economists wrote: “Many economists doubt business investment will show much strength in 2016. A tepid global economic scene and a tumultuous U.S. presidential election marked by heavy anti-corporate rhetoric appears to have made business executives more cautious.” What? “Anti-corporate rhetoric” affects the decisions of entrepreneurs, investors and businesspeople? Who knew? I don’t recall anyone in the press blaming “anti-corporate rhetoric” for the economy’s struggles in 2008, when the criticism and actual threats to the corporate sector were going full-tilt.

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WashPost Writer: Cops Less Likely to Shoot Unarmed Black Vs. White Suspects

The Black Lives Matters folks and their enablers in the press won’t like this one bit.

On Wednesday, Washington Post writer Tom Jackman, at the paper’s True Crime blog, reported on a rigorous study of police behavior which found that, in his words, “even with white officers who do have racial biases, officers are three times less likely to shoot unarmed black suspects than unarmed white suspects.” Talk about busting a meme.

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Broke Socialist Paradise Venezuela Can’t Pay to Have Its Money Printed

Venezuela’s hyperinflationary economic crisis has gotten worse in one very important and apparently unprecedented sense than even the one seen in Weimar Germany in the 1920s. Yet the Associated Press and the New York Times apparently have no interest in telling their readers, listeners or viewers about it.

In the post-World War I German Weimar Republic, the situation became so out of control that people needed wheelbarrows to carry around the money they needed to pay for basic everyday purchases. A Bloomberg News story published early Wednesday morning, i.e., in plenty of time for the rest of the world’s press to notice the story by now, has a similar “wheelbarrows” reference to Venezuela’s crisis. But there’s more. Venezuela doesn’t even the money to pay to keep those wheelbarrows stocked with ever more worthless cash.

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April 28, 2016

Not News: Study Shows $4 Trillion in Annual GDP Growth Lost to Post-1980 Regs

The editorialists at Investor’s Business Daily have reported on the results of an important study by several George Mason University Mercatus Center economists showing what regulations have cost the economy in economic growth since 1980. The establishment press, which has been singularly uninterested in reporting anything that has to potential to slow the regulatory leviathan down — y’know, because its causes are so noble and righteous — is virtually ignoring the Mercatus study.

IBD tied the study’s findings into the “new normal” nonsense the “mainstream” economics community and most of the business press has been foisting on us since it became obvious about 6-1/2 years ago that the U.S. economy’s post-recession performance would likely be singularly underwhelming. What we’ve seen is the worst growth post-downturn economy by far since World War II.

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April 27, 2016

John Bolton: Obama Has Iran ‘On a Highway to Nuclear Weapons’

On Fox News shortly after Republican presidential candidate Donald Trump’s foreign policy speech today, former United Nations Ambassador John Bolton evaluated what the GOP frontrunner had to say about Iran’s efforts to develop nuclear weapons.

He also stated the inconvenient truth about the Obama administration’s nuclear “deal” with Iran, namely that it puts the jihad-driven, terrorist-funding, death-to-America nation “on a highway to nuclear weapons” — a reality that the Barack Obama-defending press simply won’t admit, at least partially because elements of the press, particularly alleged “journalists” at the Associated Press, helped clear the route for that highway:

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AP Story on Calif. Anti-Trump Violence Explains Why So Few Trust the Media

An April 17 Associated Press story reported that “Just 6 percent of people say they have a lot of confidence in the media.” AP writers Carole Feldman and Emily Swanson complained that “perceptions of inaccuracy and bias, fueled in part by Americans’ skepticism about what they read on social media.”

In a later paragraph, they confessed that “The poll shows that accuracy clearly is the most important component of trust.” This is where the AP and the establishment press contantly fails their readers, listeners and viewers. As seem after the jump, an unbylined Wednesday morning AP report quite obviously and deliberately waited four paragraphs to reveal who did the pepper-spaying at a council meeting in Anaheim, California where the subject was Donald Trump.

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Bloomberg Editor, As ‘Microscopic’ GDP Growth Looms: Lower Your Expectations

Just in time for tomorrow’s first-quarter economic growth announcement from the government, Bloomberg Businessweek’s Economics Editor is telling readers: “Don’t Sweat America’s Upcoming Microscopic GDP Growth.”

Besides, Peter Coy writes, people need to get used to the supposedly inescapable fact that “Normal growth for the U.S. economy is just a lot lower than it used to be.” Americans shouldn’t worry, even if tomorrow’s GDP figure shows a small contraction (perhaps indicating that Mr. Coy has been tipped to the fact that it will be). The key, the glib Mr. Coy contends, is to understand that “Happiness is all a matter of lowering expectations.”

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April 26, 2016

Not News: Hillary Fights Off Sanders by Promising to ‘Go Further’ (Left) Than Obama

Search for “go further” and “Hillary Clinton” for recent news on the Democratic Party’s frontrunner, and you won’t find much establishment press coverage.

This is disappointing but not unexpected. The establishment press continues to run interference for her, and reporting that Mrs. Clinton will “go further” (to the left, of course) on a number of issues than Barack Obama has while he has been President would not help her in the general election. But it seems to have helped build a bit of distance between herself and Vermont Senator Bernie Sanders with Democratic Party primary voters. Sanders has given her far more trouble than anyone expected when he entered the race last year, and who has clearly gotten under Team Clinton’s skin. If a Republican or conservative presidential candidate said that he or she would “go further” on hot-button issues, the press would spend days reporting on how “radical” he or she had become.

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AP Treats Awful Durable Goods News As a ‘Rebound’

Today’s stories at the business wires covering this morning’s disastrous durable goods report from the Census Bureau ranged from good to absolutely horrid. March orders only increased by a seasonally adjusted 0.8 percent, less than half of the 1.7 percent to 2.0 percent increase that was expected. Additionally, February’s originally reported decline of 2.8 percent was revised down to -3.1 percent.

Victoria Stilwell’s dispatch at Bloomberg News earned a B-minus. Lucia Mutikani’s writeup at Reuters rated a C-minus. As usual, the coverage at the Associated Press, aka the Administration’s Press, delivered by Martin Crutsinger, the nation’s unofficial “Worst Economics Writer,” brought up the rear and earned an “F.”

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April 25, 2016

AP’s Matt Lee Outraged as State Dept.’s Kirby Claims More U.S. Troops in Syria Aren’t ‘Boots on the Ground’

State Department spokesman John Kirby did a fist-pounding imitation of Baghdad Bob at a press conference today on the Obama administration’s decision “to send 250 more troops to Syria.”

Note that the Associated Press report by Kathleen Hennessey linked in the first paragraph refers to “troops,” not “advisers” or “trainers.” This is important, because that AP report acknowledges that in everyday parlance, the additional forces involved are “boots on the ground.” The AP’s Matt Lee, one of the few genuine journalists at the wire service, had to endure hearing Kirby say that the administration wasn’t changing course. Lee didn’t take it well, nor should he have (HT Washington Free Beacon):

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Obama Takes Credit For ‘Saving the World Economy From a Great Depression’

If what Barack Obama contended in London, England on Saturday was obviously true, I suspect that the establishment press would be broadly proclaiming it and looking back at the President’s wonderful work.

What Obama is claiming — that his presidency is responsible for “saving the world economy from a Great Depression” — is nonsense, but he’s clearly beginning to lobby for it to become the historical narrative. This may explain why the Associated Press, while running a story on what Obama said, has made it pretty difficult to find. But it will be there for agenda-driven hacks to locate when it becomes time to spin the history.

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April 24, 2016

DNC Chair: Hillary Has Provided the Most Transparency … ‘Other Than the Private Server’

In a Fox News Sunday interview so painful to watch readers are advised to consider taking headache medicine before viewing, Democratic National Committee Chair Debbie Wasserman Schultz tried to make the case that the FBI investigation into Hillary Clinton’s handling of emails containing sensitive and classified national security information and her use of an undisclosed private email server is a “distraction,” and that the idea of even raising it as a campaign issue is “ludicrous.”

Show host Chris Wallace was particularly perturbed when the DNC chair claimed that Mrs. Clinton was “using private e-mail in the same way that previous secretaries of state have,” and forced her to admit: “Other than the private server.”

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On Meet the Press, Sanders Questions Why Cigarettes Remain Legal

On Meet the Press today, host Chuck Todd asked Democratic presidential candidate Bernie Sanders what he thought of the idea of a consumption tax on soda. Sanders’ answer, laded with his standard “massive wealthy inequality” argument, led Todd to believe that Sanders might also be against cigarette taxes.

No, those taxes are fine, Sanders said, but given that “cigarettes are causing cancer … and other diseases … there’s almost a question as to why it remains a legal product.”

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April 23, 2016

Barely News: During Strike, an ‘Odd’ Increase in Vandalism Against Verizon

Filed under: MSM Biz/Other Bias,MSM Biz/Other Ignorance — Tom @ 11:40 pm

In an utterly amazing and totally unexpected coincidence, Verizon is reporting that there has been a spike in vandalism and sabotage against its facilities since workers went on strike on April 13. (That’s sarcasm, folks.) Paul J. Gough at the Pittsburgh Business Times has reported the company’s claim that “there have been more than two dozen cases of what it called sabotage to cables and its facilities in the week since tens of thousands of its employees went on strike.”

Some other local TV stations and outlets have also covered the matter, but it’s not national news at the Associated Press or other national outlets, even though the wire service has done several stories on the strike, and even though its scope — 39,000 union members in nine states and DC — is hardly inconsequential.

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NYT Excuse for de Blasio-Led Campaign Money Scheme? Law Is ‘Obscure’

On Friday, the New York Daily News broke the news that “The head investigator for the state Board of Elections probed the 2014 fundraising efforts by (New York City) Mayor de Blasio and his team on behalf of the (New York State) Senate Democrats and found enough ‘willful and flagrant’ violations to warrant a criminal referral to the Manhattan DA’s office.”

The story has attracted virtually no national establishment press attention. The New York Times, which seems to have sensed the gravity of the matter in the nick of time, ran an excuse-making pre-emptive Thursday story which appeared on the front page of Friday’s print edition. After the Daily News reported the criminal referral recommendation, the Times returned to the matter on Friday evening — and placed their coverage on Page A17 of its Saturday print edition.

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