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Category : News: Business & The Economy

Obama has lost the New York Times editorial board

Make no mistake: by criminalizing James Rosen of Fox News for asking government employees to give him information, the Obama administration is suppressing the ability of the press to do its job. It is so egregious that even the New York Times, normally sycophants for Obama, is alarmed. The editorial board today writes:

With the decision to label a Fox News television reporter a possible “co-conspirator” in a criminal investigation of a news leak, the Obama administration has moved beyond protecting government secrets to threatening fundamental freedoms of the press to gather news.

And the Times, a member/owner of Associated Press, detects a pattern:

The Rosen case follows other signs that the administration has gone overboard in its zeal to find and muzzle insiders. The Associated Press revealed last week that the government had secretly seized two months’ worth of records for telephones used by the agency’s staff, partly to determine the source of a leak about a report involving a foiled terrorist plot in Yemen. At least two other major leak investigations are continuing. Six current and former administration officials have been indicted under the old Espionage Act for leaking classified information to the press and public. In 2010, a federal judge in Maryland sentenced a leaker to 20 months in jail while admitting that he was “in the dark as to the kind of documents” involved in the leak or what impact they had on national security.

Many conservatives have moved beyond caring what the Times thinks or writes. But the newspaper acts as a pilot fish for the rests of the media, so its position on this move toward authoritarianism is highly significant.

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France Now More Euroskeptic Than Britain

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The Pew Research Center’s latest survey on Europeans’ attitudes toward EU politics and economics brings across one message loud and clear: Europeans are not happy. People from every major country report extreme dissatisfaction with the economy and their political leaders. Increasingly, they also share a sense that the European Union and economic integration were mistakes for their countries: only 45 percent now view the EU favorably, down from 60 percent in 2012.

The one notable exception is Germany, whose people remain the most optimistic about the European project. Despite Germans’ hand-wringing about their spendthrift neighbors, they gave the EU a 60 percent approval rating, with 54 percent believing that economic integration has strengthened their economy. This may have something to do with the fact that Germans think the EU offers the best chance for controlling reckless spending by their neighbors; Germany is the only country where support for giving Brussels more power is over 50 percent.

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thumbDemocratic Senator Uses Okla. Tornado Deaths for Anti-GOP Rant Over Global Warming (Video)

While many Americans were tuned into news coverage of the massive damage from tornadoes ravaging the state of Oklahoma, Rhode Island Democratic Sen. Sheldon Whitehouse took to the Senate floor to rail against his Republican colleagues for denying the theory of anthropogenic global warming.

Whitehouse spent 15 minutes chastising GOP senators and justified his remarks by alluding to states that seek federal assistance in the wake of natural disasters.

“So, you may have a question for me,” Whitehouse said. “Why do you care? Why do you, Sheldon Whitehouse, Democrat of Rhode Island, care if we Republicans run off the climate cliff like a bunch of proverbial lemmings and disgrace ourselves? I’ll tell you why. We’re stuck in this together. We are stuck in this together. When cyclones tear up Oklahoma and hurricanes swamp Alabama and wildfires scorch Texas, you come to us, the rest of the country, for billions of dollars to recover. And the damage that your polluters and deniers are doing doesn’t just hit Oklahoma and Alabama and Texas. It hits Rhode Island with floods and storms. It hits Oregon with acidified seas, it hits Montana with dying forests. So, like it or not, we’re in this together.”

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Obama Scandals Bring MSNBC 7-Year Low While Fox News Rises

MSNBC

The scandals of the Obama administration seem to be hurting not just the White House but MSNBC as well while Fox News Channel scored its second-best week of the year. After double-digit gains during last year’s presidential election, May 13-17 saw the progressive-aligned “Lean Forward” news network hit new lows as the IRS scandal erupted and revelations that the Justice Department secretly obtained AP records became public. With 350,000 viewers on average and 94,000 among the adults 25-54 demo, MSNBC had its least-watched and lowest-rated total-day results of the year last week. That was also the lowest total-day demo result the network has had since the week of June 26-July 2, 2006,

Last week’s total day results were down 17% in viewers and 22% among the demo from the comparable May 14 to May 18 week of last year. In primetime, the numbers were even worse for MSNBC as a steady decline from the beginning of the year continued. The network had 570,000 total viewers and 159,000 in the demo from 8 PM to 11 PM from May 13 to May 17, 2013. That’s the lowest rated week of the year so far for MSNBC in terms of viewers and the third lowest of 2013 in the demo. The week of May 6 to May 12 was worst in the demo with 148,000 viewers when the network had 604,000 viewers on average. These latest results come as the news network’s recently launched and struggling All In With Chris Hayes hit a new viewership of 396,000 and its second lowest demo audience of just 88,000 on May 14. It also comes on the heels of MSNBC falling in April ratings from its second place ranking of the year before.

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News Anchor Who Complained of IRS Harassment Now Barred From facebook & Interviews!

Larry Conners

KMOV anchorman Larry Conners has been “advised” by KMOV’s parent company Belo Corp. to not make statements, post on Facebook, or participate in interviews concerning a recent controversy over Facebook comments he made about the Internal Revenue Service.

Conners has hired St. Louis attorney Merle Silverstein. Silverstein issued a letter to media outlets claiming that the corporate order “is the only reason for his silence.”

Conners wrote Monday night that shortly after he interviewed President Obama and his wife in April of 2012, the IRS “started hammering” him.

“At the time, I dismissed the ‘co-incidence’, but now, I have concerns … after revelations about the IRS targeting various groups and their members,” Conners wrote.

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thumbVideo: ‘Is this still America?’ Congressional hearing turns into IRS smackdown!

Dangerous Times: Milton Friedman just won his euro bet

Even as President Obama is following in Eurosocialist footsteps, the 14-year utopian experiment on a single currency is collapsing. The architect of the euro just ran up the white flag on the biggest policy mistakes in history. Former German Finance Minister Oskar Lafontaine called his own brainchild a “catastrophe“.

“The economic situation is worsening from month to month,” he wrote on his Left party blog. “unemployment has reached a level that puts democratic structures ever more in doubt.”

“Catastrophe” is the right word.

Today Greece is suffering more than 50% unemployment. That’s worse than the Great Depression in the US. This winter in Athens, people cut down the trees in the city parks for firewood. They couldn’t afford to buy heating fuel. The resulting wood smoke created the worst smog in decades, obscuring even the Parthenon. About half of the younger people are leaving the country.

Ireland, Spain, and even France are in distress. The Netherlands economy is the worst in half a century. Only Germany is still going strong, and that fact is creating deep resentment. Germany can afford the euro. Other countries can’t. The industrious Germans make the euro expensive, while being shackled to the same currency makes Greek and Italian exports harder to sell. A single, one-size-fits-all currency can’t adjust to market conditions in widely varying spocieties and economies

Milton Friedman predicted this outcome, based on his life’s work in economics. Forbes wrote an article last year, called, Happy Birthday, Milton Friedman, The European Crisis is Your Latest Vindication.

“July 31st (2012) was Milton Friedman’s 100th birthday, and his birthday present is to watch the ‘European Project’ come crashing to the ground, just as he predicted that it would. I doubt that it gives him any pleasure. In fact, Friedman told Robert Mundell (the ‘Father of the Euro’) that since the experiment had already been entered into, he hoped that he would turn out to be wrong. But he hasn’t been.”

For econophiliacs, the detailed debate between Friedman and Mundell can be found here.

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Thanks For The Bailout, Suckers! GM Builds A New Plant In China!

GM in China

As a general rule, corporations should be able to build plants where they want, whether it’s in America or elsewhere. Moreover, if they choose to go overseas, we should be asking, “Why is that?” Are our corporate taxes too high? Do we have too many regulations? Is there something else that we can do as a nation to be more business-friendly, to keep building plants here in America, so that we can employ more people and rake in more taxes?

However, it’s a little different with a company like General Motors.

Taxpayers lost more than 10 billion bailing out GM because Obama thinks it’s fine for his corporate allies to embrace capitalism on the way up and socialism on the way down. Now, GM’s taking some of that money that it pilfered from us and it’s building a plant in China with it.

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thumbSen. Cruz Speaks on the Senate Floor Against Using Budget Tricks to Raise Taxes or the Debt Ceiling (Video)

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Published on: May 8, 2013

Boehner says he ‘probably’ can’t support online sales tax bill

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Published on: May 7, 2013

Speaker John Boehner (R-Ohio) said Tuesday that he likely couldn’t support the online sales tax bill that the Senate passed this week, underscoring the challenge that supporters face in getting the measure through the lower chamber.

Boehner told Bloomberg Television that the Marketplace Fairness Act, which got 69 votes in the Senate on Monday, would heap a “big burden on some very small businesses.”

“I just think that moving this bill where you have 50 different sales tax codes, it is a mess out there,” Boehner said. “You are going to make it much more difficult for online businesses to be able to comply with it.”

The Speaker, in his most dismissive comments yet on the bill, also said “probably not” when specifically asked if he could support it, and noted once more that the bill would have to go through the House Judiciary Committee, where Chairman Bob Goodlatte (R-Va.) has outlined an extensive list of concerns about the bill.

Proponents of the online sales tax bill – including big box stores like Wal-Mart, the online giant Amazon and state governments – have said that they had momentum following the lopsided Senate vote, and that a bill could even get to President Obama’s desk this year.

The Marketplace Fairness Act, those groups say, would merely close a loophole exploited by online businesses, and could give states billions in needed extra revenue each year.

The bill would allow states to collect sales tax revenue whenever a resident made an online purchase from a U.S. retailer. Currently, states can only collect from businesses that have a physical location in that state.

But opponents of the group – including prominent small government organizations like Heritage Action and Grover Norquist’s Americans for Tax Reform – have long said that the measure would have a tougher time in the House. Those groups say the bill would open up online retailers to audits, and should be viewed as a tax increase on consumers.

Customers are generally supposed to report taxes from online purchases to their states, but rarely do.

Case Worker: Illegal Aliens Got Food Stamps by the “Vanload”

For decades the U.S. government has knowingly given illegal immigrants food stamps, according to a former certification case worker who denounced the costly practice back in the 1980s but was essentially ordered to keep a lid on it.

The retired assistant case manager, Craig McNees, was in charge of vetting food-stamp applicants in north Florida and Indiana in the ’80s and says the program was infested with fraud and corruption that was perpetually ignored by management. “Illegals would come in by the vanload and we were told to give them their stuff,” McNees said. “Management knew very well they were illegal. It was so rampant that some employees would tell their illegal relatives to come get food stamps.”

McNees contacted Judicial Watch after reading documents obtained by JW from the U.S. Department of Agriculture (USDA) detailing how the agency is working with the Mexican government to promote participation by illegal aliens in the U.S. food stamp program. The effort includes a Spanish-language flyer provided to the Mexican Embassy by the USDA ensuring that Mexicans in the U.S. don’t need to declare their immigration status to get financial assistance from Uncle Sam.

The documents ignited outrage considering the nation’s food stamp program has exploded under President Obama, who claims there are too many “food insecure households” in America. To correct the problem the administration has spent millions on ad campaigns promoting food stamps and has rewarded states with multi-million-dollar bonuses for signing up recipients. It’s been quite effective because American taxpayers spent an astounding $80.4 billion on the program in 2012 and a record number of people—46 million and growing—get free groceries from Uncle Sam.

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Poll: Nearly half of US college grads are underemployed

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Published on: May 1, 2013

More than 40 percent of recent U.S. college graduates are underemployed or need more training to get on a career track, a poll released Tuesday showed.

The online survey of 1,050 workers who finished school in the past two years and 1,010 who will receive their degree in 2013 also found that many graduates, some heavily in debt because of the cost of their education, say they are in jobs that do not require a college degree.

Thirty-four percent said they had student loans of $30,000 or less, while 17 percent owed between $30,000 to $50,000.

“For our nation’s youngest workers, as well as for the workforce at large, there is a real need for employers to reexamine how they hire, train and develop their employees,” said Katherine Lavelle, of the global management consulting firm Accenture, which conducted the survey.

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New York Times Battered By a 10% Slide in Ad Revenue (Happy Days!)

A taxi passes by in front of The New York Times head office in New York, February 7, 2013. REUTERS/Carlo Allegri

New York Times Co reported a decline in quarterly revenue on weak advertising sales but said it would try to grow out of the slump by expanding its suite of digital products.

The 11.2 percent drop in advertising revenue in the first quarter underscores the pressure that the New York Times faces to increase its subscription revenue, especially for its digital products, and find new veins of income.

The company plans to roll out a line of lower-priced products – including an expansion into e-commerce and games – to attract more readers around the world.

“We want to deepen our relationship with our existing loyal customers, but we also want to use a wider family of New York Times products to reach new customers both here and around the world,” Chief Executive Officer Mark Thompson said in a statement.

Paid subscriptions to digital products at the company’s namesake paper and The Boston Globe totaled 708,000 in the first quarter, a 45 percent increase from a year earlier.

Still, the growth in subscriptions slowed compared to the prior quarter. Paid digital subscriptions were up 6 percent in the first quarter from the fourth quarter, after growing 13 percent in the fourth quarter from the third.

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Koch Brothers Want To Buy Chicago Tribune, LA Times, Et Al, To ‘Make Sure Our Voice Is Heard’

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Published on: April 21, 2013

Charles Koch

The bankrupt Tribune Company has put its bundle of eight huge newspapers on the block.

One of the expected bidders for these papers, Amy Chozick of the New York Times reports, is Koch Industries, the massive energy and manufacturing conglomerate owned by the conservative billionaires David and Charles Koch.

The Kochs may bid for the newspapers, a person who attended a recent seminar held by the Koch brothers in Aspen said, to “make sure that [the libertarian] voice is heard.”

The Tribune’s newspapers include:

  • The Chicago Tribune
  • The Los Angeles Times
  • The Baltimore Sun
  • The Hartford Courant
  • The Orlando Sentinel

Buying the papers is expected to cost only about $625 million, which would be a rounding error for the gigantic Koch Industries, which generates a staggering $115 billion of revenue per year.

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Fox News Helps Fund The Homosexual Agenda (Damning Proof)

So Fox News, which has been touted as the “conservative” news outlet, has been caught funding the liberal homosexual agenda. I can’t say I’m surprised at it, but it’s true.

The National Lesbian & Gay Journalists Association’s website promotes an event that was held this past Thursday.

Cliff Kincaid, President of America’s Survival, Inc., wrote to Roger Ailes, the CEO of Fox News Channel. The letter reads in part:

Irena Briganti informed me that you had no time to meet with me and my associate Peter LaBarbera to discuss Fox News’ funding of the homosexual rights movement. So I am putting my concerns in writing. Fox News is a “silver sponsor” of the Thursday, March 21, 2013, National Lesbian & Gay Journalists Association 18th annual New York Benefit. Rick Reichmuth of Fox News is listed as a participant. Tickets are $150 and the monetary proceeds support this special interest group.

Peter LaBarbera of Americans for Truth notes “the NLGJA is an activist organization with a strong institutional bias against those espousing traditionalist views on homosexuality.” The NLGJA attempts to instruct journalists on how to cover homosexuality and has even issued a “stylebook supplement on lesbian, gay, bisexual & transgender terminology.” For example, the term “wife” is defined as an “Acceptable term for a female, legally married partner of a woman.”

How much has Fox News donated to this group over the years? How much is a “silver” sponsorship?

LaBarbera noted that Fox News Channel donated $10,000 to NLGJA in 2006. He asked Fox News to match the $10,000 donation to a homosexual journalism organization with a donation to pro-family group.

Kincaid then dropped the hammer when he said what the real agenda of the NLGJA is:

Let us be clear: the National Lesbian & Gay Journalists Association is a special interest group that manipulates news coverage on behalf of the homosexual movement, and they brag about their successes. Their website boasts how the Associated Press has just released a statement announcing a new AP Stylebook entry for husband and wife, “coming after a requested revision by NLGJA.”

Thanks to NLGJA’s “Rapid Response Task Force,” AP will now use the terms husband and wife, without quotes, when referring to two men or two women in same-sex marriages. In other words, a man can be a wife, and a woman can be a husband.

Kincaid also pointed out this is not a first for Fox News. He names a March 24, 2011 “Headlines & Headliners” fundraiser which included special guests Jamie Colby, Rick Folbaum, and Kimberly Guilfoyle from Fox News.

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