Wages & Prices

A night after ABC anchor Charles Gibson hit full panic mode by leading with how “markets are gyrating, inflation is rising, banks are closing” and suggesting money is only safe “under the mattress,” on Wednesday night he actually began with how “Wall Street posts its best day in months. Financial stocks rise. The price of oil falls.” But he couldn't be completely upbeat as he proceeded to note…

In the wake of former Sen. Phil Gramm's statements earlier this week about this being a nation full of whiners, the good folks at ABC's "Good Morning America" brought on a consumer psychologist Sunday to discuss whether or not the McCain advisor had a point.Shockingly, not only did Kit Yarrow tell host Kate Snow that "the way consumers feel about things is very emotional," but also these "…

Food inflation is hitting everyone - even if don't have to pay for food. According to the July 2 "CBS Evening News," part of its "The Other America" series - a title strangely similar to former Democratic presidential candidate John Edwards' liberal anti-poverty mantra of "Two Americas" - food stamp recipients are being hit by the rising the cost of food. "With food prices climbing, more and…

Thursday’s "Good Morning America" used the Fourth of July holiday to exaggerate the effects that food prices are having on consumers. In its "Hitting Home" segment, reporter Sharyn Alfonsi reported on the price increases of certain Fourth of July barbecue staples, claiming that "Americans are gonna eat 110 million pounds hot dogs and that could take a big bite out of their wallets."…

With Starbucks’ announcement that it will closing 600 of its locations nationwide, the network morning shows on Wednesday heralded this news as another sign of a bad economy. ABC’s Bianna Golodryga on "Good Morning America" lamented that "Americans are struggling just to pay for a cup of Starbucks coffee." NBC’s Matt Lauer’s clever headline: "Trouble brewing -- Starbucks announces its closing 600…

On Monday’s CBS "Early Show," co-host Harry Smith talked to economic analyst Mark Zandi about the state of the economy and asked: "Oil's up, gasoline's up, food prices up, stocks, way, way, way, way down. Home owner -- home values are down. Is there an end in sight to all of this bad news?" Zandi replied: "You just made me depressed. No. It's just bad news. It really is...It's just a really tough…

Expensive gas isn't so bad to the "CBS Evening News," as long as it promotes an agenda that caters to left-of-center sensibilities and makes Americans behave more like Europeans.  Economists from Canadian Imperial Bank of Commerce (CIBC) (NYSE:CM) forecasted $7-a-gallon gas prices by 2010, which according to some analysts would force 10 million vehicles off U.S. roads over four years. CIBC…

On Tuesday’s CBS "Early Show, " co-host Julie Chen lead the show with a depressing segment on the economy: "...with the economic woes hitting the nation, we have your complete guide to surviving the big squeeze." Chen proceeded to highlight high gas prices, then explain how "...the crisis in the housing market is also a drag on the economy," and finally, "Completing this perfect storm of economic…

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…