Wages & Prices

If you were African-American living in the era of President Barack Obama, would you hate the Fourth of July because it reminded you of slavery and economic inequality?You would if your name was Julianne Malveaux and you were the syndicated columnist that also serves as the president of Bennett College, the historically black women's school in Greensboro, North Carolina.So disdainful of America's…

Paul Krugman is known for throwing a bomb or two from his platform in the New York Times, but it's really tough to take him for a violent fellow. In his July 2 blog post, "I'm Gonna Haul Out The Next Guy Who Calls Me ‘Crude' And Punch Him In the Kisser," Krugman lamented criticism of his support for more stimulus spending. A July 1 editorial in The Economist noted that the economy needs more…

In an article published yesterday afternoon, CNBC news associate Joseph Pisani took note of something the rest of the media mostly hasn't, or at least hasn't highlighted: the terrible job market for teenagers. The headline and text indicate that this is the worst such market in 41 years. That's true, based on the stat Pisani presented. But barring a near miracle in the next three months, in terms…

A far-left Democratic congressman is accusing conservative commentators of improperly -- perhaps illegally -- conspiring with advertisers to shill for their products under the guise of political opinion. The accusers, however, conveniently ignore liberal commentators that do virtually the same thing, only on a far larger scale.Rep. Anthony Weiner released a report yesterday alleging that Goldline…

Could the New York Times not find an outspoken critic of the Senate's new Cap and Trade bill? Either one could not be found, or they opted not to include such a critic in the paper's report on the unveiling of the legislation.The Times devoted 21 paragraphs to the new Kerry-Lieberman Cap and Trade bill -- proposed on Wednesday -- but did not even mention an actual critic of the legislation until…

A $787-billion stimulus. Liabilities of $356 billion for the TARP bailout on the federal government's balance sheet. And that's in addition to other unfunded liabilities from federal entitlements like ObamaCare, Medicare, and Social Security. But that doesn't mean the U.S. is heading down the path toward socialism because they were one-time expenditures, according to CNBC senior economics…

PolitiFact called it the Lie of the Year, and journalists left and right (but mostly left) dismissed the claim as hyperbole at best, and fear-mongering propaganda at worst. But Sarah Palin's "death panel" comment may not be as off the mark as so many have claimed. Don't take her word for it. White House budget director Peter Orszag apparently agrees.Well, Orszag didn't specifically address Palin'…

The Pentagon rescinded the invitation of evangelist Franklin Graham to speak at its May 6 National Day of Prayer event because of complaints about his previous comments about Islam. The Military Religious Freedom Foundation expressed its concern over Graham's involvement with the event in an April 19 letter sent to Secretary of Defense Robert Gates. MRFF's complaint about Graham, the son of…

Whenever you are bored or in need of a good laugh, help yourself to some mainstream media coverage of the economy under President Obama. Each month we at NewsBusters wonder how the recession will be spun anew, and each month news outlets act with increasing hilarity. First up for April was an earnest little piece by USA Today writer Matt Krantz published Thursday. Krantz insisted on reporting "…

Watch the latest business video at <a href="http://video.foxbusiness.com/">video.foxbusiness.com</a>NPR and Fox News contributor Juan Williams does not see vitriolic blanket-statements condemning conservatives…

Liberal commentator Nancy Skinner conceded there is one issue the right is right on - the value-added tax (VAT) is an absurd idea. Skinner who is a regular guest on the Fox Business Network, stated April 7 that the VAT will do absolutely nothing to help the ailing economy, concurring with the "Bulls and Bears" panel.     "Everybody, you're going to be surprised: I finally found a tax I don't…

In 2009, according to financial information at nasdaq.com, the New York Times Company's revenues fell by over 17%. The Wall Street Journal reports that the company's full-time employee count shrunk by 1,681, or over 18%. Rumor has it that more layoffs are planned for 2010. Beginning almost a year ago, the company announced corporate salary cuts of 5%, negotiated similar cuts with newspaper guild…

The past several decades, Americans have seen the disaster unionism has wrought on Detroit's Big Three. The auto-makers, saddled with powerful unions, fell victim to a combination of labor inefficiency and premium worker pay that proved unsustainable. And while much of the rest of the private sector long ago realized the sots, government apparently has not. So, for the first time in history,…

What good is the liberal media's "truth squadding" or "fact-checking" when it doesn't reveal any facts and is completely divorced from the truth? MSNBC's Norah O'Donnell gave a stark answer to that question this morning, when she appeared on "Morning Joe" to discuss yesterday's health care summit. O'Donnell heaped praise on the President for being "in command of some of the facts", like the "…