Wages & Prices

Exactly two weeks after ABC anchor Charles Gibson trumpeted how video of Speaker Nancy Pelosi on the House floor holding a baby while she talked to colleagues demonstrated “the ultimate in multitasking: Taking care of the children and the country” (my NewsBusters item with video of his January 4 oozing), he celebrated how House Democrats “completed their scheduled hundred hours of work in just…

(SEE Editor's Note Below)________________________________Fishing around in the now widely-known Samoan exception to the recently passed Minimum Wage bill (where tuna industry workers there are apparently being paid $3.26 an hour), Andy's Angle cast a wide net and hauled in the following:The interesting thing, however, is that the largest employer in American Samoa is Del Monte Foods' StarKist…

Chances are if you hate what you make at your job, you either ask the boss for a raise or seek a job that pays more. Chances are you don't wait 10 years for your pay to increase. But ABC's Charles Gibson apparently thinks millions of Americans are mired in a decade-long drought of minimum wage pay. "After years of waiting, millions of Americans have reason tonight to plan on a pay raise. The…

Two days before Democrats open the new Congress in the majority, CNN business reporter Ali Velshi echoed their liberal talking points on the minimum wage.See my story here. Liberal activists and Democratic spokesmen are quick to argue that the minimum wage is too low and unfair. But on the January 2 “American Morning,” that argument came from a CNN business reporter.While CNN’s Ali Velshi did…

A rather extraordinary conclusion was reached by members of the panel on Sunday’s “The Chris Matthews Show” – the economy is strong. What makes this so earth shattering? Well, because the host prior to the elections – which, by the way, were only about seven weeks ago – regularly talked about how badly the economy was doing, and didn’t challenge those espousing similarly bearish viewpoints. Yet,…

When Santa came to Wall Street this year, the media cried and pouted.     With the Dow Jones Industrial Average at an all-time high and commodities markets experiencing one of their best years in decades, Wall Street firms were feeling especially merry this year. The media responded as if they had seen Jacob Marley’s ghost.NBC’s John Seigenthaler gloomily downplayed Wall Streeters’ good fortunes…