NY Times's Leonhardt Admits Wages On Uptick 3 Days After Ringing Death
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 NY Times: Tobacco Bad
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…
For Globe's Kuttner, 'Going After Wal-Mart' Just a Start
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…
$90 College Textbooks a Sign of Runaway Inflation
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…
CNBC’s Jim Cramer on Today: Oil Companies Are The Profiteers of Terr
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…
