Economy

New York Times reporter David Leonhardt had to make an about-face on the economy in today's New York Times: What a difference three days make. 72 little hours. In that time, a New York Times reporter went from tolling the death knell of real wage growth to reporting a 7-percent wage jump over last year after inflation. "[T]he current expansion has a chance to become the first sustained period…

Breaking news from the New York Times: tobacco is bad for you!  Of course you didn't know that.  Rubes like you [probably the same kind of people dumb enough to have voted for Republicans over the years] likely think tobacco has roughly the same the health impact of bean sprouts washed down with OJ.  That's because you've fallen victim to the tobacco industry's "half-century of deception."  And…

Did the MSM get together and decide this would be Bad Economics Saturday?  As I noted here, the New York Times emitted an editorial this morning grimly imagining a downturn despite the good economic news.Over at the Boston Globe, Robert Kuttner has chipped in with More than Wal-Mart.  While applauding the efforts of Dem politicians to go after the country's biggest retailer, Kuttner claims that…

When I was in college (1997-2001), I recall new textbooks ringing up at $75, $80, or even $90. That was pretty steep then, but The Washington Post's Nell Henderson sees similar prices now as a symptom of worrisominflation in her August 17 article:After poring over reams of data, the Labor Department reported yesterday that inflation rose last month, eating into people's paychecks and savings at…

Jim Cramer, the host of CNBC’s "Mad Money," appeared on the August 16th edition of "Today." Guest-host Lester Holt quizzed the always verbose financial adviser on which stocks are best in an age of terror. Holt prefaced the piece, which aired at 7:14AM EDT, by noting that Americans live in a volatile age and that he wasn’t advocating exploiting unrest in the Middle East, but that investors must…