OPEC May Cut Back Production. Don't Hold Your Breath for Democrat-OPEC
It appears that OPEC member states are worrying about the slumping price of oil. Venezuela and Nigeria have already cut back on production a bit but there's talk of an emergency meeting soon.But so far, not a peep from the broadcast media. See my article at BusinessandMedia.org.And don't hold your breath for CNN's Jack Cafferty to see a Democratic conspiracy to hike oil prices in time for the…
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…
