April 15, 2014 | Filed Under 2nd Amendment, Associated Press, Chicago, Constitution, Crime, Democrats/Leftists, Ethics, Government Corruption, Gun Control, Guns, Illinois, Journalism, Liberals, Media, Media Bias, Newspapers, Progressives, Reuters, Warner Todd Huston | Comments Off
-By Warner Todd Huston
Once again we get proof of how mindless and clueless the media is, how they don’t fact check, but just mindlessly pass on each other’s bad work ad infinitum. This time it happened with a story about a criminal who used a .22 caliber pistol in a crime but one clueless reporter turned it into a “submachine gun” and hundreds of his mindless colleagues followed suit passing the lie on and on and on.
Clueless reporter Darryl Holliday of DNAinfo Chicago, a website that caters to local news, reported on an incident that was perpetrated by a man from West Garfield Park who began wielding a .22 caliber pistol in a grocery store because he didn’t want to pay the 22 cents tax on a bottle of pop he was trying to buy.
Holliday “reported” that the crook “pulled an Intratec submachine gun out of a Gucci satchel,” and in the next paragraph again claimed the piece was a “submachine gun” saying, “Officers arrived on the scene shortly after to find Shelton’s Gucci bag open on the counter as well as 15 bullets in the blue steel .22-caliber submachine gun–eight live rounds in one magazine, five in another and one in the chamber, according to court documents.”
Of course, it is clear that reporter Holliday doesn’t have any idea what he’s rambling on about. The .22 caliber Intratec pistol is not a “submachine gun. It is a semi-automatic pistol like every other semi-auto pistol.
May 14, 2013 | Filed Under ABC, Anti-Americanism, Associated Press, Barack Obama, CBS, CNN, Congress, Conservatives, Crime, Democrats/Leftists, Ethics, Fox News, GOP, Government, IRS, Journalism, Liberals, Media, Media Bias, MSNBC, NBC, NPR, President, Progressives, Reuters, Warner Todd Huston | Comments Off
Obama and his flapping-mouthed flacks keep saying with each new scandal that President Obama had “no knowledge” of any of these scandals. They claim that others are responsible and he is innocent.
He didn’t know about Benghazi, he didn’t know about the IRS’ attacks on Tea Party groups, he didn’t know of the DOJ’s violation of freedom of the press, he didn’t know… well, apparently he didn’t know of anything.
So… then… what DOES he know? About ANYTHING?
April 28, 2013 | Filed Under ABC, Al-Jazeera, Associated Press, Barack Obama, Buzzfeed, CBS, CNN, Democrats/Leftists, Ethics, Fox News, Huffington Post, Journalism, Liberals, Media, Media Bias, MSNBC, NBC, News, NPR, Politico, President, Progressives, Reuters, The Atlantic, The New York Times, TV, TV News, Warner Todd Huston | Comments Off
-By Warner Todd Huston
Typical of when a Democrat is president, during a keynote monologue at the White House Correspondents Dinner (WHCD), the President is spared from too many mean spirited barbs. In keeping with that tradition, TBS’ Conan O’Brien poked a lot of fun at Republicans and conservatives with a bit sharper stick than he used to poke Democrats.
This year’s WHCD started with a slew of media outlets discussing the now annual slam on the event as delivered by long-time Washington reporter Tom Brokaw. The semi-retired NBC anchor has lamented for some time that the whole party atmosphere, replete with musicians and Hollywood celebrities–fittingly, this year the Duck Dynasty folks attended–makes a mockery of the seriousness of the media’s work.
After the President delivered his spiel on Saturday night, late night comedian Conan O’Brien took the stage to deliver the keynote address.
Unsurprisingly, Republicans showed up early as the comedian’s targets and naturally, even though he hasn’t been in office for over four years, now, an obligatory slam of George W. Bush as “stupid” had to be delivered.
Near the top of his address Conan mentioned the opening of the George W. Bush Presidential Library joking that the library had “Millions of books, articles and documents and if you go you can be the first to read them.”
April 28, 2013 | Filed Under ABC, Associated Press, Barack Obama, C-SPAN, CBS, Democrats/Leftists, Ethics, Fox News, Journalism, Liberals, Media, Media Bias, MSNBC, NBC, Newspapers, NPR, PBS, Politico, President, Progressives, Reuters, The Atlantic, Warner Todd Huston | Comments Off
-By Warner Todd Huston
The White House Correspondents Dinner (WHCD) has been a mainstay Washington to-do for years. Lately, however, it has come under fire for turning Hollywood–literally. In the wake of the event, some outlets continued the bashing but most lavished attention on the dinner or at least lauded it as harmless fun.
One of the quickest to slam the event was Sarah Palin, who did not attend. From her Twitter account, Palin indulged some rather salty language in criticism.
— Sarah Palin (@SarahPalinUSA) April 28, 2013
Britain’s Guardian newspaper was so fascinated by the whole thing, the paper set Jim Newell to live blog the night.
Newell opened his coverage with a nice slap at the pretentiousness of it all.
-By Warner Todd Huston
Reuters is apparently anticipating a passing. On April 18 the venerable foreign wire service accidentally posted its obituary-in-waiting for financier and long-time anti-American activist George Soros. Don’t anyone get too excited, though. Soros is most assuredly not dead.
Reuters reports–or rather will report when he actually dies–that George Soros is known as “the man who broke the Bank of England” and one who “argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.”
The piece goes on to briefly explain Soros’ economic and political philosophy, relates some of his successes, and even finds room to quote left-wing, New York Times economist Paul Kugman who once scolded Soros as having been the one that triggered a world-wide economic crisis.
While Reuters notes some of Soros’ successes, it also points out some of his failures, such as his conviction of insider trading in France several years ago.
Interestingly, Reuters says that through his philanthropy George Soros’ work has “been skewed toward the effort to promote democratic values.” It is certainly true he helped fund many democratic movements in Eastern Europe. But in the long run, his funding of things like Georgia’s “Rose Revolution” and Poland’s Solidarity movement would seem to be in direct contravention to his oft stated goal to centralize power in big government, nanny-state entities. This is only one of the many contradictions of George Soros’ life’s work as experience finds you can’t have both more democracy and an all-powerful state apparatus.
Naturally, any mention of Soros’s financial support of the far-left anti-free speech organization Media Matters for America was omitted as was most of his anti-American efforts save that of his failed attempt to get George W. Bush thrown out of office in 2004.
Still, Mr. Soros has some time yet to refine his ideas. As he may be saying right this minute himself, the rumors of his passing have been greatly exaggerated.
Since Reuters will likely pull this down–as it probably should–here is the text of the article that will grace our screens when Soros really does pass on (the x’s are in the original as placeholders for the proper information when the time comes).
George Soros, enigmatic financier, liberal philanthropist dies at XX
By Todd Eastham
WASHINGTON, XXX | Thu Apr 18, 2013 5:41pm EDT
(Reuters) – George Soros, who died XXX at age XXX, was a predatory and hugely successful financier and investor, who argued paradoxically for years against the same sort of free-wheeling capitalism that made him billions.
He was known as “the man who broke the Bank of England” for selling short the British pound in 1992 and helping force the United Kingdom to withdraw from the European Exchange Rate Mechanism, which devalued the pound and earned Soros more than $1 billion.
And his Soros Fund Management was widely blamed for helping trigger the Asian financial crisis of 1997, by selling short the Thai baht and Malaysian ringgit.
“Subsequently, Prime Minister Mahatir of Malaysia accused me of causing the crisis, a wholly unfounded accusation,” Soros wrote in The Crisis of Global Capitalism: Open Society Endangered,” in 1998.
“We were not sellers of the currency during or several months before the crisis; on the contrary … we were purchasing ringgits to realize profits on our earlier speculation.”
Still, economist Paul Krugman, was one of many observers who accused Soros of helping trigger the crisis.
In 1999, Krugman wrote that “nobody who has read a business magazine in the last few years can be unaware that these days there really are investors who not only move money in anticipation of a currency crisis, but actually do their best to trigger that crisis for fund and profit.”
Still, Soros has written extensively on the folly of what he has called free market “fundamentalism,” the belief of many conservative economists that markets will correct themselves with no need for government intervention.
In Soros’ view, markets and investors are subject to “mood” swings, or a prevailing positive or negative bias which can be exploited by savvy investors but which inevitably lead to damaging market bubbles and boom/bust cycles.
An enigma, wrapped in intellect, contradiction and money.
A Jew born in Hungary as the Nazis were gaining power in Germany, Soros survived World War Two and then emigrated to Great Britain, where he earned a degree from the London School of Economics in 1952, and landed his first job in the financial industry largely through pure stubborn chutzpah.
OPEN SOCIETY INSTITUTE
While at the London School, Soros studied under the economist and philosopher Karl Popper and a main vehicle for his philanthropy, the Open Society Institute, is named for Popper’s two-volume work, “The Open Society and Its Enemies.”
In that work, Popper develops the philosophy of reflexivity, a theory first articulated by William Thomas in the 1920s that posits that individual biases enter into market transactions, coloring the perception of economic fundamentals. Soros has attributed his own financial success in part to his understanding of the reflexive effect.
Key to understanding that effect is recognizing when markets are in a condition of near-equilibrium, or in disequilibrium. Soros has observed that when markets are rising or falling rapidly, they are typically marked by rising disequilibrium, and the dispassionate investor can capitalize on that recognition.
While Soros has benefited enormously from this understanding (Forbes put his wealth in 2013 at $19 billion, making him the world’s 30th richest person, not counting the roughly $8 billion he has given away through various charitable entities he controls), he has argued nevertheless for strong central government regulation to correct for and counterbalance the excesses of greed, fear and the free market.
Popper’s idea of fallibilism, which posits that anything one believes may in fact be wrong, is another key principle that has guided Soros in his career, and his philanthropy.
Soros’ philanthropy since the 1970s, when he began funding the studies of black students at the University of Cape Town in South Africa, has been marked as much by his personal journey as by the needs of the communities he has set out to serve.
His efforts through the Open Society Institute and the Soros Foundations have been skewed toward the effort to promote democratic values in the post-Soviet economies of Central and Eastern Europe, where he witnessed the rise of communism in Hungary after World War Two.
“The bulk of his enormous winnings (as an investor and speculator) is now devoted to encouraging transitional and emerging nations to become ‘open societies,’” former Federal Reserve Chairman Paul Volcker wrote in the foreword to Soros’ “The Alchemy of Finance” (2003).
“Open,” Volcker wrote, “not only in the sense of freedom of commerce but – more important – tolerant of new ideas and different modes of thinking and behavior.”
Soros also pledged $50 million in 2006 to the Millennium Promise, led by economist Jeffrey Sachs, to provide educational, agricultural and medical aid to help poor villages in Africa. And the Open Society Institute has expanded its giving to more than 60 countries around the world, giving away roughly $600 million a year.
Soros was an early supporter of the peaceful transformation of the Solidarity movement in Poland and Open Society Institute programs were considered by many Western observers to be a key factor in the success of the “Rose Revolution” in Georgia.
While his philanthropy has earned him friends around the world, his political giving has earned him both friends and enemies. Former President George W. Bush, who Soros blamed for turning the United States into “the main obstacle to a stable and just world order,” was perhaps the biggest single target of his political wrath.
“By declaring a ‘war on terror’ after Sept. 11, we set the wrong agenda for the world,” Soros told Newsweek magazine in a 2006 interview. “When you wage war, you inevitably create innocent victims.”
In a bid to stop Bush’s re-election, Soros donated $23.5 million to more than 500 liberal and progressive groups during the 2003-2004 U.S. election cycle.
Other causes that have attracted Soros’ generosity include drug policy reform. He donated $1.4 million to promote California’s Proposition 5 in 2008, a failed initiative that would have expanded drug rehabilitation programs as alternatives to prison for non-violent drug offenders, and $400,000 to the successful 2008 Massachusetts initiative to decriminalize possession of less than an ounce (28 grams) of marijuana.
He has also been a vocal supporter of the right to die in dignity, revealing in 1994 that he had offered to help his own mother, a member of the Hemlock Society, commit suicide.
While Soros’ life has been marked by remarkable success in his far-flung endeavors, it has not been without defeat. His investment in France’s Societe Generale following Jacques Chirac’s aggressive program of privatization led to charges of insider trading, which he disputed, and eventual conviction and the payment of a small penalty.
And he was a minority partner in a group that failed to acquire the Washington Nationals Major League baseball team.
But these failings stand out in the life of this remarkably successful Hungarian-American financier, philanthropist and thinker, in contrast to his stubborn refusal to fail in virtually every other venture.
“The only end of writing is to enable the reader better to enjoy life, or better to endure it.”
Warner Todd Huston is a Chicago based freelance writer. He has been writing opinion editorials and social criticism since early 2001 and before that he wrote articles on U.S. history for several small American magazines. His political columns are featured on many websites such as Andrew Breitbart’s BigGovernment.com, BigHollywood.com, and BigJournalism.com, as well as RightWingNews.com, RightPundits.com, CanadaFreePress.com, StoptheACLU.com, AmericanDaily.com, among many, many others. Mr. Huston is also endlessly amused that one of his articles formed the basis of an article in Germany’s Der Spiegel Magazine in 2008.
For a full bio, please CLICK HERE.
March 18, 2013 | Filed Under Barack Obama, Budget, Congress, Democrats/Leftists, Economy/Finances, Ethics, Government, House of Representatives, Liberals, Media, Media Bias, President, Progressives, Reuters, Senate, Taxes, Warner Todd Huston | Comments Off
-By Warner Todd Huston
On March 12, Representative Paul Ryan (R, WI) released the GOP’s budget proposal sparking an afternoon of analysis and criticism. By Tuesday evening Reuters was contrasting Ryan’s budget with one sponsored by Senator Patty Murray (D, WA). But there is one problem with Reuters’ analysis. The Democrats didn’t actually release any budget for Reuters to analyze at the time of publication. So, Reuters simply regurgitated Murray’s talking points.
In the Reuters report, the pair of budgets were deemed difficult to pass because they appear “crafted to appeal to their respective party bases.”
Reuters claimed that the problem with Ryan’s budget is that it is likely aimed at getting Rep. Ryan the 2016 GOP Presidential nomination as opposed to being a serious attempt to solve Washington’s budget problems.
March 14, 2013 | Filed Under Budget, Business, Democrats/Leftists, Economy/Finances, Ethics, Jobs, Journalism, Liberals, Media Bias, Paul Ryan, President, Progressives, Reuters, Senate, Taxes, Warner Todd Huston, Washington, Wisconsin | Comments Off
-By Warner Todd Huston
On March 12, Representative Paul Ryan (R, WI) released the GOP’s budget proposal sparking an afternoon of analysis and criticism. By Tuesday evening Reuters was contrasting Ryan’s budget with one sponsored by Senator Patty Murray (D, WA). But there is one problem with Reuters’ analysis. The Democrats didn’t actually release any budget for Reuters to analyze by the time the news service had published its story. So, Reuters is simply regurgitating Murray’s talking points.
In the Reuters report, the pair of budgets are deemed difficult to pass because they appear “crafted to appeal to their respective party bases.”
Reuters claims that the problem with Ryan’s budget is that it is likely aimed at getting Rep. Ryan the 2016 GOP Presidential nomination as opposed to being a serious attempt to solve Washington’s budget problems.
December 27, 2012 | Filed Under Associated Press, Business, Capitalism, Chicago, Chicago Sun-Times, Chicago Tribune, Democrats/Leftists, Ethics, Jobs, Journalism, Liberals, Media, Media Bias, Newspapers, Progressives, Reuters, Warner Todd Huston | Comments Off
-By Warner Todd Huston
In perhaps an unsurprising move, the Chicago Tribune has announced that starting in January, the Chicago-based paper and several other Tribune-owned papers will be dropping the Associated Press as its chief wire service.
Along with Chicago, six other Tribune-owned papers will also be dropping the AP. Those papers are the Baltimore Sun; the Orlando Sentinel; the South Florida Sun-Sentinel; the Hartford Courant; the Morning Call of Allentown, Pennsylvania; and the Daily Press of Newport News, Virginia.
Reports from Tribune insiders were confirmed Sunday by Paul Colford, director of media relations for AP. “We’re disappointed by this development but recognize this is a time of transition for these seven Tribune newspapers,” Colford said. “We hope they’ll return to AP as their circumstances change. AP continues to diversify its business to enhance the value of our newsgathering for our 1,400 member newspapers and other news organizations worldwide. The Los Angeles Times has indicated that it plans to stay with AP. The Times has been a great partner in innovation and developing new AP services for many years.”
This news shouldn’t really be a big surprise as the Trib had already started to scale back use of the AP. As far back as 2008 the Trib began using Reuters’ American wire content.
-By Warner Todd Huston
On Wednesday, November 14, President Obama held his first full-scale press conference and despite continuing to speak in generalities, Reuters was somehow impressed by the supposed revelation of his second-term agenda. The President was “feisty” yet “conciliatory,” Reuters claimed.
Reuters was so gratified that Obama gave a “feisty defense” of U.S. Ambassador Susan Rice that it led its piece with that part of the presser. It was Rice who was one of the loudest, early voices claiming that the attacks in Benghazi that killed four Americans was the result of some unknown Youtube video — a claim solidly proven false soon after the attacks occurred.
During the presser, it was mentioned to the President that several Republican Senators vowed that if Obama offered up Rice as a candidate for Secretary of State in the stead of the departing Hillary Clinton, they would work to oppose the pick. Obama’s defense of Ambassador Rice was so strong one would think she might be a delicate flower that needs a strong man to come to her rescue.
-By Warner Todd Huston
As the race for the White House heats up, Reuters suddenly realized that the massive Mormon Church has a lot of money in its bank accounts and sought to needle the Church saying if it were a business “wealthy adherents like Mitt Romney would count as its dominant revenue stream.”
Reuters took the if-it-were-a-business theme even farther in its opening paragraphs.
It would also likely attract corporate gadflies protesting a lack of transparency. They would call for less spending on real estate and more on charitable causes to improve membership growth — the Mormons’ return on investment.
Of course, a religion is not a “business” proposition. A religion does not operate like a company does. It has far different goals. But assessing a religion wasn’t Reuters’ goal, here. Making Mormons out to be “rich” elitists that act suspiciously and are pushing a snobbish presidential candidate on the nation was Reuters’ goal.
July 15, 2012 | Filed Under Barack Obama, Budget, Business, Capitalism, Democrats/Leftists, Economy/Finances, Elections, Government, Journalism, Liberals, Media, Media Bias, President, Reuters, Taxes, Warner Todd Huston | Comments Off
-By Warner Todd Huston
Reuters has apparently singed up on Obama’s communication team if its latest lovefest over his plans to favor America with “tax cuts” just in time for the January election campaign is any indication. It took four, count ‘em four, Reuters reporters to come up with this one!
Reuters was pleased to note that Obama and the Democrats have now “plotted their legislative priorities for the months leading up to November’s elections” and, happy days, its tax cuts for the middle class. Of course, by that you can read “class warfare to continue to be used as a cynical campaign tool,” not that Reuters points out this truth.
Not only is Reuters pumped up about the beneficence of Obama and the Democrats who are so kind as to offer us those “middle-class tax cuts,” but the venerable news service also points out that those mean, dastardly Republicans “will not go along with” Obama’s kindness.
What do those idiot Republicans want to do? Per Reuters,
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