Katie's Impeccable Timing on Unemployment
November 3rd, 2006 5:05 PM
Last night on the CBS Evening News, anchor Katie Couric saw lost jobs on the horizon as she pointed to an uptick in wages as productivity remained unchanged in the third quarter.Then this morning the government announced a 4.4% unemployment rate, the lowest it's been in five years, as well as a healthy upward revision in the September job totals.You can find more of my article on this here at…
Chris Matthews Stoops to New Low as Dow Makes an All-Time High
October 22nd, 2006 2:05 PM
Those of us that study the economy and how it is reported by the drive-by media are constantly amazed by how those covering financial issues continually misrepresent statistics to advance their agenda. No finer recent example has occurred than on “The Chris Matthews Show” Sunday when the host bemoaned new highs set by the Dow Jones Industrial Average last week as not accurately reflecting what is…
Real Wages Up 2.2 Percent Since September ’05, Will Media Notice
October 18th, 2006 1:17 PM
One of the continual carps of the media concerning the current economic expansion has been that only low-paying jobs are being created that aren’t keeping up with inflation. Well, the Bureau of Labor Statistics reported Wednesday:Average weekly earnings rose by 4.0 percent, seasonally adjusted, from September 2005 to September 2006. After deflation by the CPI-W, average weekly earnings increased…
Couric Makes Sure Page Scandal 'Is Not Going Away'; Nets Bury Unemploy
October 6th, 2006 9:02 PM
Friday's CBS Evening News led again with the Foley/page scandal, even though the two stories aired offered virtually no fresh information, as anchor Katie Couric justified the news judgment by declaring the issue is “still the talk of the town,” “is not going away” and “is overshadowing every other election issue for the moment” -- all self-fulfilling assessments sustained by the decisions of…
The Employment Numbers and the Unreported 4 Million Jobs
September 6th, 2006 12:15 AM
I described the August employment news as "good, not great" on Friday.
Larry Kudlow was more upbeat, and has a point:
The August jobs report should put to rest any fears that the economy is burning out. Following upwardly revised increases for June (134,000) and July (121,000), companies added 128,000 nonfarm payrolls last month. Meanwhile, the all-important but rarely mentioned household…
Globe: Wal-Mart Workers 'Don't Like to Think They're Patsies' - Though
September 4th, 2006 8:03 AM
The Brahmins might no longer rule the Bay State, but their tradition lives on in the editorial room of the Boston Globe. And what better occasion than Labor Day for the elitist Globe to condescend to workers in a manner that might have brought a smile to the lips of a Lowell or Cabot?The topic of Labor Day, 2006 is one in great fashion in MSM circles: the horrors of Wal-Mart - and the joys of…
