Wal-Mart

ChiTrib Notes How Anti-Wal-Mart Hysteria Hurting Windy City

By Ken Shepherd | May 8, 2008 - 13:43 ET

Screenshot of ChicagoTribune.com from 5/8/2008 | NewsBusters.orgWal-Mart is right up there with "Big Oil" as a left-wing bogeyman, and the mainstream media are often on the side of liberal activists screaming "Boo!" as our friends at the Business & Media Institute can attest. But today's Chicago Tribune laid out how "[b]ig city politics trumps low prices" with a labor union victory over Wal-Mart's plans to erect a store within city limits.

The paper's Web site featured a teaser headline, "Why Wal-Mart's not building here," [pictured at right] complete with a photo of the still-vacant lot that's been the subject of debate for over two years.

The teaser headline links to staffer Sandra M. Jones's story, "A closeout for Wal-Mart: Giant retailer ends quest to open a store on the South Side."

Jones's report fingered negligence by political leaders and inflexibility by labor unions as the twin causes of the project's demise. From her May 8 story (emphasis mine):

Is CNN Going to Cave to China Over Cafferty’s ‘Thugs’ Comments?

By Matthew Balan | April 16, 2008 - 16:25 ET

NewsBusters.org - Media Research CenterDuring a panel discussion on the April 9 edition of "The Situation Room," CNN’s Jack Cafferty described the Chinese government as "basically the same bunch of goons and thugs they've been for the last 50 years." In response, according to a report from the Associated Press from April 15, "China demanded an apology from CNN." "‘We are shocked and strongly condemn the vicious remarks by Cafferty,’ Foreign Ministry spokeswoman Jiang Yu said. ‘We solemnly request CNN and Cafferty himself take back the malicious remarks and apologize to the Chinese people.’"

Cafferty had also blasted China for the substandard quality of many of the products that it exports from the U.S. "[W]e continue to import their junk with the lead paint on them and the poisoned pet food and export, you know, jobs to places where you can pay workers a dollar a month to turn out the stuff that we're buying from Wal-Mart."

As Proof of Its Effect Mounts, Ford and Old Media Continue to Ignore AFA's Boycott

By Tom Blumer | September 10, 2007 - 16:58 ET

The deadline for talks between the United Auto Workers and the Formerly Big Three automakers (General Motors, Ford, and Chrysler) theoretically looms on September 14.

No one has more at stake in a sweetheart deal than Ford, for reasons almost entirely of its own making.

Oh, the Dearborn-based company has the same daunting challenges as its other brethren at the bargaining table: a too-high cost structure, expensive retiree health-care costs, and a product line in need of serious work. That much is known.

What isn't as well-known, and rarely understood, is that Ford has embarked on a seven-year journey of uber-Politicial Correctness that now threatens to gut its core US vehicle business.

Bill Maher: ‘I Love America; It’s Americans I Can’t Stand!’

By Noel Sheppard | July 22, 2007 - 17:51 ET

As if allowing this anti-American Bush-hater to have his own series wasn't enough, the brilliant folks at HBO decided to give Bill Maher another comedy special to rail against all things conservative.

For those on the left hoping for some truly vile attacks on the GOP, Saturday's "Bill Maher: The Decider" surely must have hit the spot.

In fact, of the 60 minutes Maher was given, upwards of 40 were spent eviscerating the President, his staff, Republican presidential candidates, and religious figures. In reality, this was a virtual campaign video for Democrats.

With that in mind, what follows are some of the lowlights in no particular order. However, the reader is cautioned that this is not edited for content, and contains some truly vulgar language.

As such, proceed at your own risk (partial video available here):

GMA Plumps for More Paid Leave

By Mark Finkelstein | June 21, 2007 - 14:02 ET

Related post available here.

On this morning's GMA, a classic bit of MSM advocacy for more government regulation of business that will drive up costs and drive out jobs. The occasion is the hearings today before the House Workforce Protections Subcommittee, chaired by Rep. Lynn Woolsey (D-Calif.), on a proposal to expand family and medical leave and impose mandatory sick leave.



Introducing the segment, ABC's David Wright lamented that "it's something that every parent struggles with: how to balance work and family. And the U.S. lags far behind other countries in helping parents to cope. Here on Capitol Hill today, Congress will take the first baby steps to try to address that situation."

With S&P 500 at Record Level, USA Today Writer Focuses on the Index's Losers

By Tom Blumer | June 4, 2007 - 10:21 ET

While the relatively narrow Dow Jones Industrial Average has been achieving alltime highs for a couple of months, it took until last week for the broader S&P 500 index to beat its previous record of 1527. The index closed at 1536.24 last week.

Instead of writing up the big winners in the 77% of companies that have brought the index back from its 2000 low, USA Today writer Matt Krantz looked for dark clouds in on otherwise blue sky, taking an opportunity to focus on the index's losers who kept the index's recovery of value from happening sooner:

S&P's run leaves Wal-Mart, other big caps behind

For a quarter of the stock market, the celebration about the Standard & Poor's 500's charge back to record levels for the first time in more than seven years is an example of history being written by the victors.

Even though the benchmark S&P index last week finally took out its old high from March 2000, investors who own 23% of its stocks have completely missed out. A total of 115 stocks in the S&P 500-stock index are still below where they were in March 2000, according to data from Bridge Information and S&P. They aren't down just a little, either, but off 45% on average.

"At any given time, you're going to have companies that have one-off issues," says James Paulsen of Wells Capital Management.

Yeah guys, and that's why investing in a broad-based index of stocks in an index mutual fund is often a good idea for investors who don't have the time to evaluate and keep up with either individual stocks or actively-managed mutual funds. Zheesh.

ABC Gives Liberal Group a Platform to Attack ‘Poor Values’ of Wal-Mart

By Scott Whitlock | May 31, 2007 - 17:54 ET

On Thursday’s "Good Morning America," the ABC program repeated anti-Wal-Mart talking points from the liberal group Wake-up Wal-Mart. Reporter Bianna Golodryga explained that the segment, which discussed recent company woes, was based on a confidential memo given to the network:

Bianna Golodryga: "...Wake-Up Wal-Mart, a union financed group highly critical of the retailer has provided ABC News with a confidential memo from a former ad agency with a dire warning."

The memo, which is six months old and amounts to nothing more than an embarrassing behind the scenes discussion of Wal-Mart’s strategy to market high-end goods, seemed to simply be a pretext for GMA to bash the company. Golodryga piled on, noting that "the leaked memo is just another blow to a company which has experienced its share of blunders this year, ranging from sexual discrimination lawsuits to a recent war of words with a fired ad executive." The segment also featured a representative from the left-wing Wake up Wal-Mart group slamming the company’s "poor values," while having nobody on to defend it:

April Vehicle Sales: Ford in Deep Denial over AFA Boycott, with Old Media’s Help

By Tom Blumer | May 2, 2007 - 09:22 ET

In an unusual move last Friday, Ford decided that it couldn't wait for the month to end before it told us how bad it was going to be -- for the whole industry:

Ford Motor Co. said on Friday that U.S. auto industry sales to date in April were "terrible" as consumer confidence was hit by a slow housing market and rising gas prices.

..... Pipas said industry volume appeared to be down 10 percent to date before seasonal adjustment, but expected Ford's U.S. retail share to hold steady around 13 percent.

After an entire weekend where Pipas's message was spread virtually without criticism, the April vehicle-sales reality turned out to be quite different (the first figure is adjusted for the two-day difference in the number of "selling days" in April 2007 [24] vs. April 2006 [26]; the second figure in parens is not adjusted for that difference):

Quiet Story of the Week: Maryland Abandons Wal-Mart Law Appeal

By Tom Blumer | April 21, 2007 - 09:58 ET

Of course there were many other newsmaking events this week, but the relatively silent treatment this story received from Old Media is still not a surprise (the link is to a story at a trade publication's web site; very few papers had a related story written by the Associated Press):

Maryland Abandons ‘Fair Share’ Health Care Fight

Wal-Mart's Bank Plan Withdrawal: AP Shows Strange Sympathy for the Big Banks

By Tom Blumer | March 20, 2007 - 07:35 ET

Friday, Wal-Mart dropped its bid to establish a federally insured bank. It's ridiculous that they had so much trouble getting approved, because as the linked article noted:

Industrial banks have been proliferating in recent years — Target Corp., UnitedHealth Group Inc. and Harley-Davidson Inc. are among the nearly 60 that now exist. Critics say their growth dangerously blurs the line between banking and commerce, concentrating assets in the hands of a few big companies, stifling competition and hurting consumers.

I don't see where "critics," which I believe in this case really means "the unbylined author of the Associated Press article," have produced even the tiniest bit of evidence the current crop of industrial banks has stifled competition in any way, shape, or form. It's also pretty funny to see an AP writer worrying about "little guys" like Bank of America, Chase, and Citicorp, who are in an industry that itself is getting more and more concentrated (click on the "click to view data" box; the top 10 credit-card companies in 2005 had 92.4% of the business, up from 81.3% in 2004) getting some nontraditional competition.

That said, Wal-Mart's Plan B isn't going to make critics feel any better, and I don't see any "legal" or protest-driven basis on which it can be stopped:

Newscasts Leave Out Liberal Label in Court Ruling Against Wal-Mart

By Scott Whitlock | February 7, 2007 - 13:18 ET

Sometimes media bias can be found in what the networks don’t say. On Tuesday, Wal-Mart suffered a major blow when the liberal 9th Circuit Court in California ruled that a class action lawsuit claiming sex discrimination could proceed against the company. All three evening newscasts reported the story, with ABC and CBS noting that a "federal appeals court" had sided with the female plaintiffs. Over on NBC, "Nightly News" anchor Brian Williams simply used the phrase "federal court."

However, the 9th circuit isn’t just any court. This is the group of judges that ruled the Pledge of Allegiance unconstitutional. And, according to a report by the Center for Individual Freedoms, 32 percent of the reversals by the United States Supreme Court in 2003 came from the 9th Circuit. And yet, none of the network anchors thought this a pertinent point. "World News" anchor Charlie Gibson instead chose to hype the enormity of the case:

Charles Gibson: "It is a lawsuit so large in scope and size, that it staggers the imagination. A federal appeals court ruled today that a gender bias suit against Wal-Mart can proceed in what is known as a class-action suit. That means a million and a half to two million women would-be plaintiffs arguing, as a group or class, that Wal-Mart discriminated against them in providing promotions and in paying them less than male employees. Here's our senior law and justice correspondent, Jim Avila."

NB at WH Conf Call: 'Promising Signals' Maliki Even-Handedly Going After Bad Guys

By Mark Finkelstein | January 23, 2007 - 19:11 ET

Loyal NB readers might recall that on the eve of President Bush's recent address on the new way forward in Iraq, I had the chance to participate in a conference call for bloggers with White House press secretary Tony Snow and Brett McGurk of the National Security Council.

With the State of the Union Address just a few hours away, Tony Snow - after a long day making the media rounds - organized a similar event in which your faithful NewsBuster again took part.

I had a chance to ask a question this time around, and chose to focus on recent events in Iraq. After referring to the headlines that have been made by the recent arrest of some 600 militiamen in Iraq, I noted a lesser-publicized report that the Iraqi army had arrested a senior aide to Moktada al-Sadr, Sheikh Abdul al-Hadi Darraji. He was arrested last Friday in a raid on a Baghdad mosque near Sadr City.

I asked Snow whether those events signal that we have in some way turned the corner in obtaining the willingness of the government of Iraqi Prime Minister Maliki in going after Shia militias, and if so, how have we been able to achieve this?

WashPost's Meyerson Pounds South, Still Soft on Slavery...with Wal-Mart

By Warner Todd Huston | December 7, 2006 - 07:17 ET

It is amusing to me that the South was always considered by Democrats as "the people", the salt of the Earth, and the so-called rank and file in the "solid South" when the they had a lock on their votes from 1820 all the way until 1980. The South was the all-American region and the Democrats loved them dearly. Yes, for over 160 years the Democrats counted the Southern states as stalwarts and they loved them like brothers. But, now that the Southern states more often vote GOP they are a "problem" and are filled with Bible- brainwashed racists who pine for a return to slavery as far as the left is concerned.

At least, so says Harold Meyerson of the Washington Post today in a screed titled "The GOP's Southern Exposure".

What Time of Year Is It?

By Tom Blumer | November 26, 2006 - 11:28 ET

For journalists, the answer depends on whether they are covering the shopping season or company layoffs.
______________________

Last year, I sensed that journalists in general prefer to call this time of the year in commerce that of "holiday shopping" instead of "Christmas shopping," but that when it came to people losing their jobs, they preferred to describe layoffs as relating to "Christmas."

My instincts were proven correct, as you can see below from the results of three different sets of Google News searches in November and December (links to last year's related posts are here, here, and here):

ChristmasSearch2005Results

I've decided to track the same items this year to see if there is any noticeable change or trend.

Based on the first set of Google News searches during this Christmas season, I would say there is:

CNN's Velshi: Everybody Loves to Hate Wal-Mart

By Ken Shepherd | November 16, 2006 - 16:54 ET

Wal-Mart, according to CNN's Ali Velshi, is the store "everybody kinda loves to hate."

Well, yeah, Ali, maybe to the liberal journos you lunch and have cocktails with who probably last set foot in a Wal-Mart sometime back in grad school.

See the story here. Looking forward to your feedback.

Oh, one more thing, the idea of politicians beating up on Wal-Mart for political gain didn't poll that well before the election.

ABC Ignores Wal-Mart $4 Drugs, Focuses on Seniors Griping about Medicare

By Ken Shepherd | November 16, 2006 - 13:48 ET

Yesterday saw the opening day of the month-and-a-half-long re-enrollment period for Medicare Part D, also known as that damn $700 billion-over-10-years boondoggle.

In other news yesterday, Wal-Mart expanded its $4/month generic prescription drug plan to 11 more states. Oh, and BJ's Wholesale Club got in on the cheap drug action too, saying they'll offer $4 generics, and you don't even have to be a member of the Club.

Great news, right? So why were those stories left out of Charlie Gibson's "World News" in favor of footage of confused or angry seniors grappling with government red tape and prescription plan fine print?

See my story on that here.

ABC Slams Wal-Mart For Telling Employees to Show Up On Time

By Ken Shepherd | November 3, 2006 - 14:59 ET

ABC's "Good Morning America" picked up a new complaint by union organizers against Wal-Mart. The company actually wants its employees to show up on time for work.

GMA stacked the deck against the company with 3 of 4 man-on-the-street interviewees scoffing at the company's policy. Employees are allowed three late arrivals before being assigned a "demerit" and risk being fired for racking up demerits in a short period of time.

In other words, it's not exactly zero tolerance.

My full story can be found here.

CNN Reporter: Corporations, GOP Conspire to Keep Wages Low

By Scott Whitlock | October 31, 2006 - 15:51 ET

"American Morning" reporter Ali Velshi insinuated on Tuesday’s show that corporations favor the GOP partly because "Republicans have kept hourly wages" low:

Ali Velshi: "All right, no big secret that Big Business favors Republicans, or has traditionally favored Republicans. But with polls showing that their friends in high places might be in some trouble leading into this election, Big Business has decided to cozy up with the Democrats. Corporate America likes Republicans. For the most part, Republicans have kept hourly wages and taxes low, and they keep their hands out of business as much as possible. Republicans like corporate America, and its hefty donations."

So, apparently, in addition to attempting to "criminalize science," Republicans also are the party of low wages? Perhaps that should be on a bumper sticker somewhere. Also, do Democrats not like their "hefty donations" from trial lawyers?

CNN's 'In the Money' Beats Dobbs's 'War' Drums Over Weekend

By Ken Shepherd | October 23, 2006 - 14:06 ET

Last Wednesday, CNN aired Lou Dobbs's special "War on the Middle Class." Three days later, CNN's "In the Money" continued the network's pitched battle for more government regulation of the economy with the program's uncritical treatment of guest Barbara Ehrenreich.

Here's a bit of what my colleague Julia Seymour noticed from her review of the October 21 program. Her full article can be found here.

The financial program devoted just under five minutes to what amounted to a free advertisement for United Professionals (UP), a new organization co-founded by “Nickel and Dimed” author Barbara Ehrenreich. Ehrenreich is also author of “Bait and Switch: The (Futile) Pursuit of the American Dream.” She said the organization’s current function is “providing a way for people to come together, share their experiences and talk about what they’ve been going through” at a cost of $36.50 in annual dues.

Wal-Mart Critic Krugman Confounded By Capitalism

By Mark Finkelstein | October 6, 2006 - 07:51 ET

Paul Krugman teaches teaches economics at Princeton, and has done the same at MIT. Enron evidently thought enough of his understanding of the dismal science to hire him as a consultant - though Krugman has at times been reluctant to disclose that fact. But judging by his latest anti-Wal-Mart jeremiad [subscription required] in this morning's New York Times, you really have to wonder how much the good professor of economics . . . understands about capitalism.

Krugman's portrait of Wal-Mart is a caricature of greedy management conducting what he calls a "war on wages." Krugman has apparently gotten hold of a couple leaked internal Wal-Mart memos that discuss ideas for keeping labor costs under control. Among the ideas: increasing the percentage of part-time workers, since they qualify for fewer benefits, and limiting raises for long-term employees.