Wages & Prices
Should Americans Support Media’s Desire for the Rich to Get Poorer
May 2nd, 2007 5:31 PM
As the stock market has continued to regularly make new highs in 2007, how many times have you heard or read a media report carping about how the rich are getting richer?Quite a bit, right?If you feel bombarded with such inanities, consider that a completely unaudited LexisNexis search of major American media outlets identified 234 reports which included phrases like “rich get richer,” “income…
'Evening News' Finds Shareholder Votes on Pay Just Ducky
April 30th, 2007 5:21 PM
CBS "Evening News" showcased Aflac CEO Dan Amos on April 29 because the company plans to begin giving shareholders a vote on executive compensation beginning in 2009. While CBS correspondent Mark Strassmann did explain that the shareholders' vote would be non-binding, the premise of the story was that it could create a ripple effect throughout corporate America.
CBO: ‘Cap-and-Trade’ Program to Curb Global Warming Hurts Poor the
April 26th, 2007 11:28 AM
Here’s an extraordinarily inconvenient truth the press will likely not report: a “cap-and-trade” program designed to curb carbon emissions in order to "solve" global warming will negatively impact the poor the most.Think Charlie, Brian, and Katie will do a story on this tonight?Regardless of the answer, the reality is that as folks like soon-to-be-Dr. Al Gore and his sycophant devotees recommend…
'Today' Pushes Class Warfare After Dow Breaks
April 26th, 2007 10:27 AM
Producer of an MSM morning news show? Got a few minutes to fill at the end of your first half-hour? Why not resort to a tried-and-true winner: a bit of good old class warfare?That was the "Today" formula this morning. Matt Lauer introduced the segment, enviously entitled "Share the Wealth?: The Rich Get Richer," fanning the flames of envy and resentment with this opener:TODAY CO-HOST MATT…
More 'Stagnant Wages' Myth-Busting, Courtesy of the Bureau of Labor St
April 18th, 2007 11:45 AM
From the Bureau of Labor Statistics' Real Earnings News Release yesterday:
Average weekly earnings rose by 4.4 percent, seasonally adjusted, from March 2006 to March 2007. After deflation by the CPI-W, average weekly earnings increased by 1.6 percent.
And here's one for Paul "the rich are getting it all" Krugman of the New York Times -- Note who is being surveyed when these numbers are…