Free Republic

Just how unknowledgeable about the economy is Joy Reid? So much so that it drove even the liberal Ron Insana . . . insane, obliging him to correct her misstatements. [snip] At one point, echoing Andrew Yang, Reid claimed that there are "no humans" working in supermarkets, just customers checking themselves out, "and like two people have jobs in the grocery store." Interjected Insana: "well, that's a little extreme. I mean, there are two [self-checkout] kiosks in the grocery store, and there are people [working there.]" The depth of Reid's misunderstanding of economics was glaringly exposed when discussion turned to...

If the commodity markets were followed as widely as the stock market, the financial world would be buzzing with the news of a crash that has taken place in the value of "stuff." While the plunging prices of oil, natural gas and gasoline are making headlines every day, thanks to the benefits accruing to consumers of energy products, the message of the commodity markets, in many ways, is hardly a reassuring one when it comes to the outlook for global economic growth. Basic materials prices for the likes of copper, nickel, iron ore, and other industrial commodities, have collapsed, both...

view edit Posted by Mark Finkelstein on August 7, 2006 - 08:10. A price spike 32 times larger than the proportion of oil production lost? It's what NBC's Ann Curry imagined on this morning's Today show. 'Soaring Gas Prices' is one of the Today show's longest-running hits. This morning's episode brought us Ann Curry trying to induce CNBC financial reporter Ron Insana to paint the gloomiest possible picture in the wake of the news that BP has shut down an Alaskan oilfield. BP shut the Prudhoe Bay field indefinitely due to the discovery of severe corrosion and a very small...

by Mark Finkelstein on July 14, 2006 - 08:26. Israel might be defending itself on two fronts this morning, but that might not be enough. The Today show was attacking on at least three. And in a brief but telling moment, Andrea Mitchell gave away the blame-Israel game with a spontaneous shake of the head. Here's the gist of Today's reporting: * Israel's offensive against Hezbollah is based on a 'pretext.' * The Bush administration has dropped the diplomatic ball. It should have sent higher-level people in to mediate sooner. In the meantime, despite the concerns of America's European allies,...

I see that Alexander isn't so cocky-forgive the tactless play on his sexual preference-about Kerry mopping up the floor with President Bush come November. Could he be having buyer's remorse, perhaps?

INSANA: Talked about free trade today, two recent agreements. But the area that seems of most concern in that regard happens to be China. PRESIDENT BUSH: Yeah. INSANA: At the moment. You yourself have talked about the manufacturing jobs being lost overseas. China does not appear interested in letting its currency float freely. They seem to manipulate it lower right now to make their exports more attractive overseas. PRESIDENT BUSH: Right. INSANA: Did Secretary Snow get an agreement on that or not? PRESIDENT BUSH: No, doesn't look like it. I haven't talked to him. The one thing I know for...

Bush will be on CNBC on exclusive interview at 9 pm, today. They showed 9 pm ET & PT -- so I am not sure, whether they will delay to show it on the other time zones at 9 pm their time, but just to make sure, I'll check at 9 pm ET and 9 pm PT (my timezone). Nothing on the website.