Wages & Prices

August's seasonally adjusted Pending Home Sales Index value contained in the related press release from the National Association of Realtors was the lowest in the past five months, and 2 percent below April's level. Disclosing the size of the recent slump apparently wasn't considered important at the Associated Press, aka the Administration's Press. What was news at AP, whose Josh Boak…

All three broadcast networks Tuesday morning seized on a pharmaceutical company hiking the price of a prescription drug in order to promote Hillary Clinton’s call for new government regulation of the industry. At the top of NBC’s Today, co-host Savannah Guthrie proclaimed: “5,000% hike?! The young drug company CEO under fire for raising the cost of a life-saving pill overnight....The…

The business press just can't understand why the Federal Reserve decided not to raise interest rates on Thursday. After all, these alleged journalists have been telling us for months bordering on years that U.S. economy is really in good shape. So it should be able to handle a rate hike, especially after over seven years of rates at essentially zero. The problem is that they now believe their own…

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…