Wages & Prices

As NewsBusters reported Wednesday, wheat prices soared last week to their highest levels in history. As many consumer products are made from this grain, and media love to carp and whine about inflation, one would have expected great focus to be given to this issue. However, as some of the upward pressure on wheat prices is directly attributable to biofuels, a global warming obsessed media…

Most Americans understand that unemployment declining is a good thing. Yet, the folks at the Associated Press seem confused about this economic statistic as evidenced by an article published Saturday entitled "Help Wanted Ads Go Unanswered in West." In fact, contrary to a media fixated on bashing corporations and business owners as greedy little devils, Matt Gouras' piece actually elicited…

At OpinionJournal.com on Thursday ("Fair but Unbalanced -- How the media promote false pessimism about the economy"), Brian Wesbury, who has written several times on the disconnect between the strong economy and the public's perception of it (previous references here, here, here, here, and here), had another generally stellar column about what is nonetheless a relatively small piece of the…

Okay, we’ve all heard that hybrid vehicles are better for the environment. But how do they measure up when it comes to the green in your wallet?Even starlet Paris Hilton has boarded the hybrid bandwagon, as reported by BPM Magazine.“I came in a hybrid car because I think that’s the way to go – to save energy and to save our earth from all this – you know pollution so I think if everyone just…

Let them eat cake – because we are too.Our TV network media personalities really want you to believe they can relate to the average American. After all, when you’re a high-minded soldier fighting on the side of the proletariat, it’s important to be a victim of the economic injustices you bring to light, right?Not so fast. It turns out some of the most prominent journalists are doing quite well,…

Here's the opening of today's Associated Press report about the July Consumer Confidence Index (bolds are mine): Consumer confidence hit a six-year high in July, a widely watched gauge of sentiment showed on Tuesday, as Americans shrugged off falling home prices to focus on a healthy jobs market, instead. The New York-based Conference Board said that its Consumer Confidence Index, rebounded to…

Expanding on Media Research Center's July 30 CyberAlert and a similar post at NewsBusters (bold is mine): Nets Barely Notice Surge in GDP as They Focus on Dow Plunge The ABC, CBS and NBC evening newscasts on Friday all devoted full stories to the fall in the stock market, touted as "the worst two-day point drop for the Dow in five years," but barely had time for a sentence about the 3.4 percent…

Last week's economic report couldn't have been much rosier. The economy grew at a faster-than-expected rate, faster than any time in over a year. But far from sparking runaway prices, inflation actually moderated. But that didn't stop the Axis of Gloom, AKA the New York Times and its Beantown subsidiary the Boston Globe from publishing op-ed items this morning finding the cloud on the silver…

Do you ever wonder how "a single mother of two from Atlanta" who earns the minimum wage has the dough to plunk down for travel to Washington, D.C., lodging, and child care to attend a left-wing rally? I sure do. But then, it can't be that difficult when you're a professional victim for a left-wing group.Washington Post reporter Xinyun Yang quoted one Irene Cole of Atlanta, Ga., at the close of…