May
12
2009

WSJ Lauds Oprah for Conspicuous Consumption

When Oprah Winfrey addressed Duke's 2009 graduating class at a May 10 commencement, she talked about the pleasures of being wealthy: "It's great to have nice homes!… It's great to have a private jet. Anyone that tells you that having your own private jet isnâ┚¬Ã¢”ž¢t great is lying to you." "But," said Oprah, "you haven't completed the circle of success until you help someone else move to a higher ground and get to a better place." Wall Street Journal Wealth Report blogger Robert Frank wasn't so interested in helping others part, but he really liked the part about how great […]

Apr
20
2009

WSJ Distorts Tax Rate for the Rich

Reading Wall Street Journal reporter Gary Fields' "point that a family making slightly over $250,000 doesnâ┚¬Ã¢”ž¢t necessarily feel all that 'rich' when it comes to facing a tax hike from Barack Obama," Matthew Yglesias (Think Progress, 4/17/09) dubs his story "The Not-So-Compelling Plight of the Somewhat Rich" and notes that "what the story doesn't do is put this issue in the appropriate context of what an increase in the marginal rate really implies": If you raise taxes on "people making over $250,000," that means an increase only in the 250,001st dollar and onward. It's not, in other words, as if […]

Jan
27
2009

AP vs. Fourth, Fifth, Sixth and Eighth Amendments

An Associated Press headline about the "Issue of Terrorists' Rights to Test Obama's Pledge" to close the Guantanamo Bay prison facility spurs Salon critic Glenn Greenwald (1/26/09, ad-viewing required) to put a basic journalistic tenet as simply as possible: "The fact that the U.S. Government accuses someone of X does not mean that they are actually guilty of X": It's a good thing that there was no Associated Press around (let alone Wall Street Journals and John Yoos) during debates over the Fourth, Fifth, Sixth and Eighth Amendments. AP would have run articles describing the proposed guarantees of Due Process […]