Wages & Prices

On Monday's The Situation Room, CNN's Wolf Blitzer and Jack Cafferty expressed frustration that the Democratic Congress has not yet passed a minimum wage increase, even lamenting that the increase could not be made retroactive. After Blitzer seemed to seriously ask if the minimum wage increase could be made retroactive to November, Cafferty rhetorically exclaimed that it should be "retroactive to…

On Monday’s "Evening News" on CBS, anchor Katie Couric asserted a common talking point among feminists and that is that women make 76 cents for every dollar a man does, which is a misleading statistic. In a series entitled "The American Spirit," Couric profiled Janet Hanson, the founder of a women’s networking group called 85 Broads, which is dedicated to helping women get ahead, as Hanson doesn'…

While the media fawn over despots like Syria’s Bashar al-Assad and Venezuela’s Hugo Chavez, they rarely report on the horrors of life for most under such rule. With that in mind, it seems safe to assume that a current meat and sugar shortage in Venezuela that appears to be caused by government price controls is likely to go mostly unnoticed.As reported by the Associated Press (emphasis mine…

On Sunday’s "Late Edition," CNN anchor Wolf Blitzer conducted a syrupy interview with consumer advocate and frequent presidential candidate Ralph Nader. Blitzer allowed the former Green Party standard-bearer to once again promote left-wing PBS host Bill Moyers for President in 2008. The CNN anchor also gushed over Nader’s new work of non-fiction, "The 17 Traditions," a liberal tome about rasing…

The nation’s gross domestic product grew at a much faster than expected rate in the fourth quarter as wages increased and inflationary pressures decreased. Will the media care, or figure out a way to tie consumer enthusiasm to the Democrats taking back Congress?Before you place your bets, let’s look at the facts as reported by Bloomberg (emphasis mine throughout):The U.S. economy grew at a faster…

CNN anchor Lou Dobbs appeared with the ladies on ABC's The View to deliver some rather liberal opinions. He stumped for a minimum wage increase, railed against the influence big corporations have on politics, and pushed for universal healthcare. Interestingly, Dobbs was not grilled the way Bill O’Reilly was on the same show several months ago. Also of note, the co-hosts did not even touch…

The Bureau of Labor Statistics released what it calls its Usual Weekly Earnings Report for the Fourth Quarter of 2006 on Friday.This is one of the more important reports the BLS releases because:It looks at the earnings of full-time wage and salary workers, excluding part-timers, business owners, and the self-employed. It looks at individuals, not households or families. Unlike most reports, it…