Friday Follies: Opposite Views of the Same Story on the Economy
First from Reuters, which has not always been very even-handed in reporting economic news, a pretty decent report:
Consumers bright, Midwest business strong in Sept
By Ros Krasny
CHICAGO (Reuters) - U.S. consumer spending slipped in August but falling gasoline prices elevated shoppers' moods by September and Midwest factory activity picked up as well, according to reports on Friday that…
Wal-Mart Cuts Generic Drug Prices to $4, How Will Media Negatively Spi
Wal-Mart shocked the pharmaceutical world Thursday morning announcing that it will cut prescription generic drug prices to $4:As part of its ongoing commitment to providing more affordable healthcare for America's working families, Wal-Mart Stores, Inc. (NYSE: WMT) today announced that it will make nearly 300 generic drugs available for only $4 per prescription for up to a 30-day supply at…
AP’s 'Contrarian Economists' on Energy Prices Aren't All Economists
In a clear attempt to throw cold water on the potential positive economic impact of falling energy prices, an Associated Press article yesterday got sloppy with the credentials of those it sought out for quotes. It also conveyed a false impression that all of those quoted were not impressed with what falling energy prices might do for the economy.Here is the headline and first paragraph of the…
Friday Afternoon Biz-Econ Pick-me-ups
This was not a good day, and probably won't be a good weekend, for those who have been bad-mouthing the economy --
Drudge reports that retail gas in Missouri is as low as $1.85. Around Cincinnati it's as low as $1.97 - $1.99 (link is dynamic and will obviously change):
Oil is sliding down towards $62 per barrel.
