Wages & Prices

The business press is trying to convince readers, listeners, and viewers that Janet Yellen's Federal Reserve kept interest rates at zero not because of U.S. economic conditions, which supposedly "look good" with "steady economic growth." No-no. She stayed the course because of the troubled tglobal economy. Thursday evening, Reuters wrote that the Fed failed to move "in a bow to worries about the…

In a near 180-degree reversal to his interview the previous evening with MSNBC's Rachel Maddow, Democratic presidential candidate and socialist Bernie Sanders found himself on Friday’s CBS This Morning being repeatedly slammed from the right by co-host Norah O’Donnell on his far-left tax plans and hope for a universal health care system. 

Either Nicholas Riccardi at the Associated Press is woefully ignorant, or he set out to deliberately mislead readers about the impact of Republican presidential candidate Jeb Bush's tax plan. I'll report the details; readers here can decide for themselves. Riccardi's "analysis," contained in his Sunday morning writeup covering the tax proposals of Bush, Marco Rubio and Rand Paul, contained the…

From its "Don't read this story, it's boring" headline to its obfuscating content, today's coverage at the Associated Press, aka the Administration's Press, of the Census Bureau's 2014 report on income and poverty in the United States was all about ensuring that readers know as little as possible about the declining incomes and disheartening increases in officially-defined poverty seen during the…

New York Times' food writer and leftist ranter Mark Bittman is retiring, and sent himself off in the paper's Sunday Review with a seven-course feast of his usual Krugman-esque pomposity and shameless left-wing inanities under the guise of food writing. NewsBusters has long documented Bittman's limitless appetite for intrusive government in the name of safety. Bittman's self-send-off in the Sunday…

Today's Monthly Wholesale Trade report from the Census Bureau covering July was the latest in a wave of disappointing reports on business activity this year. Wholesale inventories remained very high, while sales turned in a seventh consecutive month of year-over-year declines. Much of that sales decline is due to the fall in oil prices during the past year. But even after factoring that out,…

Democrats' current and potential candidates for their party's 2016 presidential nomination continue to complain about various aspects of the economy. They continue to make no connection between their complaints and the fact that Democrat Barack Obama has been in the White House for over six years. Obama has for the most part operated either under the conditions created by the 2009-2010 Congress…

Imagine if, in 1987, a Federal Reserve official could have pointed to a poorly performing economy and said, "Gee, this supply-side economics hasn't worked out very well." The press would surely have treated the story as a front-page item and ensured that it got air time on the Big Three networks' then-dominant nightly news broadcasts. Of course, there was no such credible report, because the…

As GOP presidential candidate Rick Perry appeared as a guest on Tuesday's New Day, co-anchor Alisyn Camerota challenged the former Texas governor for vetoing a Texas bill on equal pay, as she demanded, "Don't women deserve equal pay?"

Several commenters at my econ-related posts during the past several months here at NewsBusters and my home blog have noted how Washington's mix of high deficits, over-regulation, and quantitative easing never seem to get any kind of blame for the economy in establishment press coverage. One could hardly find a better example of that deliberate avoidance than Josh Boak's writeup today at the…

It "seems" that a bit of doubt seeped into an economy-related Associated Press report today. An hour later, it was gone. An early report by Josh Boak with a 10:22 a.m. time stamp found at a subscribing outlet's site described job growth in the past 12 months as "seemingly robust." An hour later, in an expansion of that early report primarily covering today's government release on July retail…

In the liberal universe, there's no correlation between hard work or ingenuity and financial success.  As President Obama recently put it, the rich are simply "society's lottery winners."   Sounding a similar theme, Al Sharpton today declared it "astounding" that Rand Paul believes that income inequality is due to "some people working harder."  Astounding, indeed!  What's wrong with Rand?  How…

Christopher Rugaber at the Associated Press and the "expert" he quoted in his writeup on the government's awful Employment Cost Index report seemed to be taking their cues from Steven Wright's deadpan comedy act. The problem, of course, is that they were writing and saying isn't funny at all. Rugaber, with his "expert" help, assembled an impressive array of understatements and misstatements in…