Tag Archives: closing bell

In “Please Hush” News: Kimmy Cakes Says Women Can Balance Work And Motherhood Just Like She Does If They Prioritize

Posted on July 8, 2014 by Benny Hollywood| Leave a comment

Because it’s hard getting your hair and makeup done daily while nannies watch your child… Kim Kardashian Talks Balancing Motherhood And Career Well, when your career is essentially hanging out with your family , vacationing around the world, walking around in tight outfits and taking the occasional picture, we doubt it’s too hard to give the nanny a few days off now and again. Via MailOnline : Hot on the heels of PepsiCo CEO Indra Nooyi’s candid and controversial admission that she doesn’t think women can have it all, Kim Kardashian has weighed in on the debate. During an interview alongside sisters Kourtney and Khloé with CNBC’s Closing Bell on Monday, the mom-of-one was asked her thoughts on whether she believes women can raise a family and have a successful career at the same time. ‘I mean, I think that’s just not really, like, a positive outlook,’ she said of Nooyi’s declaration that women simply ‘pretend’ they can have it all. ‘My mom kind of taught us girls we could have it all.’ While the 33-year-old is of course in the very fortunate position of having a multimillion-dollar empire, with her bulging bank account affording her the luxury of hiring nannies to help with 12-month-old daughter North, and with a husband to share the load, she simply puts it all down to ‘prioritising’. ‘You know, [my mom] works hard. She taught us that if you work hard, it’s just all about prioritising,’ she continued. ‘I think that, yeah, it could get tough after you have a baby. There are so many times when I just didn’t want to get up and work on something and I just wanted to be home with my baby, but, for me – and I think I can speak for my sisters – it makes us feel good when we are out working.’ She added: ‘If anyone really feels like they can’t do it all, I feel like it’s a little bit discouraging to say that. Even if I couldn’t and it wasn’t possible, I would try. And I would, you know, try my best to do it all.’ Look at Kim trying to weigh in on serious topics! Everyone is entitled to their own opinion on the matter, but somehow we don’t think it’s the place of a pampered sex-tape reality star to tell the CEO of a major corporation she’s obviously just doing it wrong.

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In “Please Hush” News: Kimmy Cakes Says Women Can Balance Work And Motherhood Just Like She Does If They Prioritize

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Bartiromo: Stimulus Likely Didn’t Save Economy –- Fed Did; Warns Obamanomics Stunting Job Growth

Posted on July 9, 2010 by Benny Hollywood| Leave a comment

While some on the left side of the aisle in Congress are getting all starry-eyed about prospects of more federal stimulus spending, the first round of stimulus under President Barack Obama may have done even less to help the ailing economy than supporters claim. On MSNBC’s July 9 broadcast of “The Daily Rundown,” co-hosts Chuck Todd and Savannah Guthrie interviewed CNBC “Closing Bell” anchor Maria Bartiromo from the Aspen Ideas Festival in Aspen, Colo. And Bartiromo offered her views why the economy didn’t spiral out of control any more than it did. She said according to some on Wall Street, it wasn’t Obama’s $787-billion “stimulus” that included a huge bulk of state government bailout spending, but instead action by the Federal Reserve to put more liquidity in the economy. “Look, there’s no doubt about it – we were close to going off a cliff the weekend at Lehman Brothers declared bankruptcy, Merrill [Lynch] was sold and AIG acquired by government,” Bartiromo said. “You know, I mean I think we were very close and the economy needed stimulus in a big way. It’s arguable whether that stimulus that helped the economy was really because of the stimulus plan or really because of the Federal Reserve. I think most people on Wall Street will believe and will tell you that it was really the Fed action in terms of giving greater access to the banks to overnight lending that really, really got us out.” “But you know – it doesn’t matter,” she continued. “I mean, here we are and we are still in a very weak situation in the U.S. economy and the recovery is quite fragile and I think at this moment in time, many people are worried that in fact it may not necessarily officially be a double-dip recession that we’re headed toward but we are looking at another leg down.” Guthrie asked why that if corporate earnings look strong, as they’re expected to, aren’t these corporations doing more to hire and lower the overall unemployment rate in the United States. According to the “Closing Bell” host, business is looking overseas because of the uncertainty the Obama administration has put into the economy with taxes and health care. “I think right now you have hit on the one very bullish part of the economy and that is the corporate sector,” Bartiromo said. “We’re heading into a new quarter where we will get  quarterly earnings and probably will be a better than expected. And the reason is because corporations have cut to the bone. They have cut employees. They have cut R&D spending. They’ve cut anything they can. They cut all the fat out so we are talking about enormous cash levels. What they’re doing with the cash is another question. They’re sitting on it. They’re not investing in the U.S. economy. They’re actually following the growth overseas. PepsiCo [is] building 13 plants in China. GE building more places, businesses in India. You are seeing businesses follow the growth outside of the United States. But absolutely – that is the positive. The reason that they’re not hiring right now is because there is a tremendous amount of uncertainty. And that has everything to do with the policies coming out of this administration. Higher taxes in 2011, higher expenses as a result of health care costs. That’s why they’re not hiring. ” So what can be done to encourage more hiring with all this cash on the books by major businesses? According to the “Closing Bell” host, business needs more incentives to hire and she rattled off some for MSNBC viewers. “One they could do soon is not allow the Bush tax cuts to expire in 2011,” she said. “Giving some – the end of the 2010, giving some confidence that they won’t have that added expense. A lot of people are worried about that. Now, Tim Geithner had an important interview with Larry Kudlow last week and Geithner said that he is prepared to keep capital gains and dividends taxes at 20 percent. This was very, very positive and I think that is part of the reason the market has been rallying the last three days because there was an expectation that capital gains taxes would go all the way up to 39.6 percent. If, in fact, the administration keeps it at 20 percent, I think that’s very positive.”

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Bartiromo: Stimulus Likely Didn’t Save Economy –- Fed Did; Warns Obamanomics Stunting Job Growth

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Beck Highlights the Sharp Contrast of Two NBC Universal Products – CNBC and MSNBC Reactions over BP Oil Spill

Posted on June 18, 2010 by Benny Hollywood| Leave a comment

The media reaction to the Obama administration’s handling of the BP Gulf oil spill crisis has been a mixed bag. But it hasn’t been good. Some are arguing President Barack Obama has gone too far and overstepped his legal authority and some are arguing he hasn’t gone far enough with the “boot on the throat” mentality. And on his June 17 Fox News Channel program, Glenn Beck played three separate examples of these differences you normally wouldn’t associate with one another – CNBC’s Matt Nesto, liberal flame-thrower and comedian Rosie O’Donnell and MSNBC’s Ed Schultz. “Even the people at NBC are noticing maybe something is not right,” Beck said. Beck was referring to comments made by Nesto on CNBC’s June 16 “Closing Bell,” which Nesto emphasized his concerned over the President’s action. “I’m very troubled by the fact that the President has again created his own sense of a legal system,” Nesto said. “It’s not his job to create laws. It’s his job to enforce laws.” And Beck noted that Nesto had an understanding of constitutional authority in that regard. “OK, it’s not his job to create laws but to enforce them,” Beck said. “Yes, that’s if you understand the Constitution. CNBC is noticing something is wrong.” Beck’s next example clearly doesn’t. O’Donnell, who has a radio show now, had a different take on how the office of the presidency should exercise its authority as it pertains to BP. “But the President couldn’t get these things to happen unless those who want fundamental transformation are starting to create those conditions where the President can do what he knows is right,” he continued. “We’ve already seen it. Rosie O’Donnell is calling for the government just to seize BP.” He played comments from O’Donnell’s radio show earlier this month . “Seize their assets today,” O’Donnell said. “Take over the country, I don’t care. Issue an executive order. Say, BP, guess what? Call it socialism, call it communism, call it anything you want. Let’s watch Rush Limbaugh explode on TV when he talks. Seize the assets, take over…” And along that same line, Beck pointed out how a particular MSNBC host wanted Obama to go dictatorial on the embattled oil giant. “MSNBC is the same network who said that I was crazy for saying that we are heading down a road that the world has been down before: a big government road that could eventually lead to a dictator — maybe this president, maybe not, maybe the next one or the one after that,” Beck said. “It doesn’t matter. Progressivism will always end in complete control. But listen now to MSNBC and one of their hosts.” Beck played two clips from MSNBC’s June 15 “The Ed Show,” which host Ed Schultz on two separate occasions called for the President to come down harsh on BP. “Mr. President, I want to see the boot on the neck of BP tonight. I want to see some finger-pointing, whether it’s in your personality or not,” Schultz said. “And it’s OK tonight to act kind of like a dictator and call the shots, say, and this is the way it’s going to be.” In the second clip, Schultz had made the suggestion to far-left Ohio Democratic Congressman Dennis Kucinich. “Don’t you think this is a moment where President Obama has to make sure that he lets everybody know that he’s calling the shots?” Schultz said. “In almost in words of maybe a dictator that this is the way we’re going to do it.” And to this, Beck noted the double standard – how MSNBC will criticize him for accusing Obama of acting like a dictator versus MSNBC actually calling on him to act like a dictator. “They’re calling — he went more — they’re calling for him to actually be a dictator or acts like a dictator. No thank you. No thank you,” Beck said. “I get in hot water for showing how we are expanding government so much that if a wrong guy gets in, we will have a dictator. But MSNBC can literally demand that the president start being a dictator and there’s nothing.” The Fox News host accused of MSNBC of trying to create an environment which the White House could exercise more control. “And everyone is saying that the president is in trouble because he’s lost MSNBC, the ‘thrill up the leg’ network – yes, yes, yes,” Beck said. “It’s almost like they are creating the condition to force him to do the things that he knows are right.”

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Beck Highlights the Sharp Contrast of Two NBC Universal Products – CNBC and MSNBC Reactions over BP Oil Spill

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CNBC’s Insana Rips Ron Paul: He ‘Doesn’t Even Have a Basic Understanding of Fundamental Economics’

Posted on June 14, 2010 by Benny Hollywood| Leave a comment

This one was one that you just couldn’t let go – that libertarian champion and former Republican presidential candidate Rep. Ron Paul, Texas, doesn’t have a basic understanding of economics. That was the claim made by CNBC senior analyst and commentator Ron Insana on the June 14 broadcast of “Closing Bell.” At issue was a June 14 Washington Post article by Robert O’Hara and Dan Keating that suggested there was a conflict of interest in Paul’s investments and his policy stances, as in he is a proponent of the gold standard and other uses for the precious medal. ” Rep. Ron Paul is captivated by gold,” O’Hara and Keating wrote. “Over the past two decades, he has written books about the virtues of gold-backed currency. He has made uncounted speeches about the precious metal. He even took a leadership post on the House subcommittee that oversees the nation’s monetary policy, mints and gold medals.” O’Hara and Keating detailed just how extensive Paul’s investments are – valued at $1.7 million. “But his focus on gold goes beyond the theoretical,” they wrote. “In recent years, Paul (R-Tex.) has poured hundreds of thousands of his own dollars into stocks of some of the world’s largest gold-mining operations, according to a review of his financial disclosure forms by The Washington Post. In 2008, while advocating for the United States to reinstate a gold standard, he reported owning up to $1.5 million in shares of at least nine gold-production companies. In addition, he disclosed up to $200,000 in silver stocks. In all, those holdings represented close to half of his assets.” But according to Insana, who has had an on-again-off-again career at CNBC after a failed attempt to try his hand at running a hedge fund , took a shot at Paul’s investment strategy, claiming the Texas congressman was some sort of investing simpleton. “Listen, the Ron Paul stuff, you know, if it weren’t part of a conflict story would be funny because Ron Paul is one of the many elected representatives who we have that doesn’t even have a basic understanding of fundamental economics, let alone more complex issues and better ways to hedge against inflation than buying gold,” Insana said. “Gold is a complex instrument. You know, it speaks to a bigger point. He doesn’t even know what he’s doing.” As unsophisticated as Insana’s claim that Paul’s investment in gold is, assuming Paul had held this commodity going back to late 2008, he would be up over 50 percent with his investment, while the S&P 500 is down nearly 13 percent in the same time period.

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CNBC’s Insana Rips Ron Paul: He ‘Doesn’t Even Have a Basic Understanding of Fundamental Economics’

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Antiquated Law Preventing Foreign Naval Aid for Gulf Oil Spill Says CNBC’s Santelli, Heritage Foundation

Posted on June 9, 2010 by Benny Hollywood| Leave a comment

When a protectionist law is enacted and nearly a century later it is inhibiting a recovery from major ecological catastrophe, it’s probably time to scrap it or at least temporarily waive it. But instead a nearly century old provision known as the Jones Act of 1920 is wielding the wrath of unintended consequences. According to the Heritage Foundation, this protectionist measure was put in place to defend the American maritime industry, but is endangering far more jobs than it is protecting. “The Jones Act, which is supposedly about protecting jobs, is actually killing jobs,” Heritage co-authors James Dean and Claude Berube wrote in a June 8 The Foundry post . “The jobs of fishermen, people working in tourism and others who live along the Gulf Coast and earn a living there are being severely impacted. There are also additional private sector jobs which are NOT being created in the United States since the Jones Act effectively prices U.S. based companies out of the ability to be competitive on the competitive global market. As we strive to develop new technologies for a cleaner environment at sea, the Jones Act continues to hobble our own capabilities, sometimes with devastating results.” And CNBC’s Rick Santelli also noted this impediment to recovery. According to the Belgian newspaper De Standaard , European firms could complete the task in four months, rather than an estimated nine months if done only by the U.S., and just three months if working with U.S. firms. “They are playing this war of words,” Santelli said on CNBC’s June 9 “Closing Bell.” “Just consider this, there’s an old law on the books Ron, called the Jones Act of 1920. I’ve looked at three articles in a Belgian newspaper. They have special ships that could make a big difference in cleaning this up. But they were told by the State Department that they can’t because that act, Jones of 1920 prohibits ships that aren’t made in the U.S. to do such things in U.S. waters.” And Dean and Berube suggest the law should be done away with altogether. “The Jones Act needs to be waived now in light of this catastrophe and permit those whom we have helped and cooperated with in the past to assist us in our need,” they wrote. “After waiving the Jones Act for the Gulf clean up effort, Congress and the administration should repealing it all together.”

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Antiquated Law Preventing Foreign Naval Aid for Gulf Oil Spill Says CNBC’s Santelli, Heritage Foundation

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