Economy

A basic economic premise holds that when the price of something rises, people seek to economize on its use. They seek substitutes for that which has risen in price. Recent years have seen proposals for an increase in the federal minimum wage to $15 an hour. Some states and localities, such as Seattle, have already legislated a minimum wage of $15 an hour.

Hillary Clinton made herself look like the out-of-touch elitist she is often criticized for being, but rather than reporting that, broadcast networks hyped her “historic” nomination. When Clinton spoke against income inequality during a April 2016 speech, she wore a jacket, reportedly costing $12,495, from high-end designer Giorgio Armani. The New York Post reported on the jacket and its price on…

Taking a cue from the Associated Press's Martin Crutsinger in March of last year, two Los Angeles Times reporters told readers on Monday that the economy is about to complete a seventh year of expansion. No it's not, at least not if historical benchmarks for determining expansions are consistently and properly heeded. Reporters Jim Puzzanghera and Don Lee couldn't even keep their own standards…

In a remarkable "Who do they think they're kidding?" exercise seen on Thursday, a New York Times editorial cited the findings of a Federal Reserve study released in late May showing that 76 millions are, in the Fed's words, "struggling to get by" or "just getting by." Gosh, I wonder why? The Times apparently wants readers to believe that these conditions couldn't possibly have anything to do…

Philip Bump and the Washington Post have apparently had a couple of pretty bad days. The Post had to endure having to cover, and cover for, an absolutely awful jobs report released Friday morning. That news made their beloved Dear Leader, who had just celebrated the allegedly wonderful economic accomplishments seen during his presidency on Wednesday, look quite foolish. Never fear: By Paragraph 4…

A Pew Research report published three weeks ago on America’s Shrinking Middle Class presented a fundamentally misleading narrative which the press was only too eager to relay and continues to use, namely that the middle class has been seriously shrinking since the turn of the century. Christopher Rugaber at the Associated Press typified the initial press coverage, writing: "In nearly one-quarter…

Even when CEO pay drops, liberals whine. The New York Times turned its report on CEO pay into a complaint on inequality and the “large-scale transfer of wealth” it created for rich, white men. Large corporations, according to the Times, are transferring wealth “to a few hundred individuals — most of them men, most of them white.”

In spite of expectations that 160,000 jobs or more were added in May, the latest jobs report was a shocker showing just 38,000 job gains last month. CNBC’s Squawk Box panelists reacted live to that surprising Labor Department report on June 3, which showed that employment increased by a mere 38,000, while unemployment fell to 4.7 percent. However, low labor force participation continues to be a…

Wednesday night’s PBS NewsHour town hall in Elkhart, Indiana had it all with host Gwen Ifill attacking residents for not supporting President Barack Obama and the President praising PBS’s “civility,” but it also featured audience members surprisingly being allowed to blast the President on issues ranging from the economy to ObamaCare to regulations to veterans.

President Obama and GOP House Speaker Paul Ryan want to expand it. Tax preparation companies and illegal immigrants are cashing in on it. Fraudsters have found bottomless ways to exploit it. The earned income tax credit, a bipartisan-supported "anti-poverty" benefit, is robbing honest, law-abiding Americans blind.   

Appearing as a guest on Thursday's New Day on CNN, New York Times columnist Thomas Friedman defended his most recent column arguing that the various "fibs" told by Hillary Clinton are not as bad as "giant whoppers" told by Donald Trump as he suggested the Democratic nominee is the preferable choice for President.

Barely a minute into Wednesday’s PBS town hall event with President Barack Obama, PBS NewsHour co-host Gwen Ifill took a few digs at the people of Elkhart, Indiana where the event was being held for not giving Obama “any credit” for their unemployment drop to the point that she exclaimed: “What gives?”

Our public schools have for decades served not as education facilities - but as social services and indoctrination centers.  From which the average graduate can’t read the diploma they're handed - but they can roll a condom on a banana.  Where people are brainwashed into preferring failed-everywhere socialism over wealth-producing capitalism - but are blithering, blinkered boobs when asked why…

 The CEO of Unilever claims it is “absolutely crucial” to meet temperature targets set by the UN in Paris.  Paul Polman sounded the alarm in a recent interview with the liberal Huffington Post on May 23. He oversees Unilever, the company behind consumer brands like Dove, Lipton and Klondike.