Wages & Prices

Just in time for what they call "bonus season," ABC's "World News" treated its viewers to a little anti-Wall Street populism Sunday night. On "World News" Jan. 10, weekend anchor Dan Harris explained there was "backlash" against Wall Street for bonuses that haven't even been paid out yet. But the ABC report made no mention of bonuses paid to Fannie Mae and Freddie Mac executives. "This week on…

In keeping with the tradition of the holidays - the minds at MSNBC, the place for politics if you're of the lefty persuasion, decided rate the top 10 political stories of the decade. And leading this gang of masters of the political journalism universe was "Hardball" host Chris Matthews, who on the broadcast of his Dec. 24 program, announced that conservative activism, mainly the tea party…

Angry, frustrated, troubled, disappointed, disgust, disrespect - words not normally associated with holiday season. However, they were words Katie Couric used to describe where she sees the mood of country right now. Couric, the anchor of the "CBS Evening News," in a live Facebook video chat on Dec. 22, took on illustrating her view of the populace - a not very sunny picture (emphasis added). "I…

If you believe polls, current Federal Reserve Chairman Ben Bernanke favorability has been slipping. A recent Rasmussen Reports poll indicates that only 21 percent of Americans favor his reappointment as the Fed chair. And this hasn't gone unnoticed by some members of the Senate, where Bernanke's fate lies. Bernanke's reconfirmation passed through the Senate Banking Committee by a 16-to-7 vote…

It's often said markets function better when there is gridlock in Washington, D.C. because there's less of a chance for government will interfere in the private sector, creating a sense of security. But in this day and time, that theory applies to the U.S. dollar as well. On CNBC's Dec. 17 "Squawk Box," CNBC Chicago Mercantile Exchange reporter Rick Santelli debated what was causing the recent…

There's a lot of uncertainty with the U.S. economy and a lot of its recovery hinges on some key policy decisions due from the federal government.  On CNBC's Nov. 2 "The Kudlow Report," CNBC host Maria Bartiromo discussed her interview with former Chairman of the Federal Reserve and Obama adviser Paul Volcker from the Global Financial Leadership Conference in Naples, Fla. One of the topics…

Now that the Obama administration is attempting to take a victory lap on the U.S. economic recovery, claiming the $787-billion stimulus passed earlier this year was what did the trick, despite a cost of $160,000 per 'stimulus' job, as ABC's Jake Tapper pointed out, it has come at the cost of the U.S. dollar. Since then, the stock market has rebounded nicely. The Dow Jones Industrial Average (…

We'll have to wait and see if the so-called outside-the-box thinking once praised by some of liberal media elites will get the same reception with this latest edition. In 2005, University of Chicago economist Steven Levitt and New York Times journalist Stephen J. Dubner released the book "Freakonomics" that provided cover for the pro-abortion movement in America by suggesting legalized abortion…

Over the past couple of weeks, the White House has piled on the Fox News Channel, with a trio of high-ranking administration officials publicly criticizing it, followed by words from President Barack Obama himself about Fox News and topped off with the White House attempting to exclude Fox from the White House press pool. That has some members of Congress questioning why they are doing this..…

Just when you thought the White House couldn't possibly do anything to make their bizarre feud with the Fox News Channel an even larger spectacle - the administration manages to take it to another level. Over the past two weeks, three White House officials have publicly criticized the Fox News Channel by denigrating its status as a news outlet - White House Communications Director Anita Dunn,…

Worried about a potential slippery slope with the Obama administration dictating what people are paid in the private sector - TARP bailout or no TARP bailout? Message from CNBC's Jim Cramer: Get over it. On CNBC's Oct. 21 "Street Signs," the "Mad Money" host ripped into Wall Street executives that objected to the government dictating the rules of compensation. Opponents argue these pay…

A lefty magazine editor has come up with a list of brilliant solutions to the planet's purported climate change problem: make the recession worse, make goods more expensive, and restrict all intercontinental travel to blimps.So said Emily Douglas, web editor for The Nation, who, when asked Wednesday how we could "reverse our culture of consumerism," replied immediately "make the recession worse…

Lately there's has been an anti-Wall Street sentiment, propagated by the media that has become exacerbated as the Dow Jones Industrial Average (DJIA) hit 10,000 Oct. 14. On CNBC's Oct. 15 "Street Signs," Jim Cramer, host of "Mad Money," was asked by fill-in host Melissa Francis what he thought about the outrage over Wall Street hitting its stride, while unemployment continues to rise. "What did…