Wages & Prices

It certainly wasn't surprising how press outlets desperately trying to depict the economy as depression-like in order to get Barack Obama in the White House were practically giddy following the dour jobs report released by the Labor Department last Friday.What was shocking given the portion of May's unemployment rate rise attributed to high school and college students looking for summer jobs was…

You've got to give the media credit for continuing to find new and innovative ways to make the U.S. economy look bad. This time an increase in Spam sales are being touted as a sign that people are suffering as they are being forced to trade in their fancy meats and poultries for something less expensive - a sign of "our times," according to "NBC Nightly News" anchor Brian Williams. "And in…

For several months, NewsBusters has been reporting the new horror movie genre "Global Warming's Gonna Kill You!"Entering the fray is M. Night Shyamalan, the writer/director of 1999's smash hit "The Sixth Sense."Set to open coincidentally on Friday, June 13, "The Happening" is Shyamalan's move "to milk global warming for all the terror and despair it's worth."So say USA Today's "Weather Guys" (…

If there were any doubt the media is trying to milk bad economic news for all that it's worth, look no further than BusinessWeek magazine. BusinessWeek kicked off its "Recession in America" blog on May 2. It is dedicated solely to reporting on the "recession [that] is here (or will be soon)," as the headline of a May 19 post stated (h/t BMI advisor Chris Roush of Talkingbiznews.com). "As the…

The editorial page of the Wall Street Journal has long been an indispensable voice of conservatism. As President Bush said in 2003 in awarding the Medal of Freedom to editorial page editor Robert L. Bartley shortly before his death, he—and by extension his editorial page—has been "a champion of free markets, individual liberty and the values necessary for a free society."But there is one area in…

Hasn't the MSM learned anything from the unfortunate episodes of John "stuck in Iraq" Kerry and Stephen "if you don't read you've got the Army" King? Apparently not. Once again, the liberal media, this time in the form of the AFP, has perpetrated the canard that the our military is the last resort of the poor and uneducated. An AFP article of May 16 reported the story of Army sergeant Matthis…

For several weeks, NewsBusters has been reporting the changing media tide concerning ethanol. On Thursday, PBS's "NewsHour with Jim Lehrer" joined the growing chorus of press outlets pointing fingers at biofuels as being partially responsible for the growing international food crisis:The cost of food has soared as more and more corn is being produced for fuel, not food...[I]t is the government's…

If you're a believer in the Larry Kudlow creed, that "free-market capitalism is the best path to prosperity," then look out, because George Soros is going to make you cringe. A May 13 USA Today article by David J. Lynch profiled the Hungarian billionaire who said he sees traditional free market theory as "flawed." "Of course, real life never matches up exactly with the theory's assumptions.…

Since media began recognizing the international food crisis and its ties to biofuels, NewsBusters has been wondering when press members will expose how intricately linked Nobel Laureate Al Gore is to this controversial issue. On Sunday, Fox News's Sean Hannity finally did just that. In a segment on "Hannity's America," the host addressed much of what NewsBusters has been reporting for the past…

Four days after NBC centered a story around an elderly couple forced to move “into their van, sleeping on a mattress in the back” while “high food costs have meant” they've “gone hungry,” ABC's World News caught up Tuesday night with a nearly as silly anecdotal report on how families in Minnesota can no longer afford electricity. In the first of two families she showcased, reporter Gigi Stone…

For the rest of the campaign, the Media Research Center will each Tuesday announce its picks for the “Worst of the Week,” meaning the most egregious, horrendous and stupefying liberal bias of Campaign 2008. This week, the spotlight shines on those journalists who rushed to the side of Barack Obama after his minister’s radical comments, and NBC’s ridiculous effort to hype bad economic news [audio/…

On the day the government reported a tenth of a point drop in the unemployment rate and two days after news of a second straight quarter of 0.6 percent GDP growth proved the nation is not in a recession, Friday's NBC Nightly News delivered a ridiculously shallow story, based on two anecdotes and a couple of advocates, to prove rising prices are forcing the elderly out of their homes and into vans…

Although the economy is showing only a slow rate of growth, consumer spending actually showed an increase for the month of March. But, don't be fooled - that's a bad sign, according to "CBS Evening News" anchor Katie Couric. "[T]he government reported today that consumer spending in March shot up twice as much as economists were expecting, and it's not because we're buying more - it's because…

It might not the best solution in the world, but any tax break is certainly worthy of consideration - just not according to ABC's April 30 "World News with Charles Gibson." "The idea is to cut taxes and gas prices during in the summer vacation months, when demand is highest," ABC News correspondent David Wright said. "Great politics, but apparently terrible economics." ABC opposed the…