When is increasing pay for hourly workers politically suspect? When are earmarks considered pork? When they are encouraged by Donald Trump, at least at the New York Times. Walmart can do no right in the eyes of the liberal paper. Michael Corkery managed to turn even the liberal-pleasing move against the despised company: "Walmart, the nation’s largest private employer, waded into the bumpy waters of partisan politics on Thursday, announcing that it will use some of its savings under the new tax bill to provide wage increases, bonuses and expanded benefits to its hourly workers."
Speaking on the Friday edition of the Fox News Channel’s Your World, MRC President Brent Bozell came out swinging against the liberal media and their refusal to cover stories of economic growth under President Trump, telling fill-in host Trish Regan they “loathe him” so much that “if he finds a cure for cancer, they'll attack him for not curing AIDS.”
Walmart employees received some much-welcomed news on Thursday: Their hourly wage went from nine dollars an hour to eleven and on top of that, many were receiving $1,000 bonuses. The company also cited the GOP tax cuts as the reason behind the move. But instead of reporting on the great news for many workers, ABC’s World News Tonight spent two minutes and 26 seconds hyping the new movie about Olympic ice skater Tonya Harding and their two-hour documentary about her.
One of the most challenging and important jobs for an economics professor is to teach students how little we know and can possibly know. My longtime friend and colleague Dr. Thomas Sowell says, "It takes considerable knowledge just to realize the extent of your own ignorance." Nobel laureate Friedrich August von Hayek admonished, "The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design."
Well, nowadays it's just a matter of time before you're in hot water for something you say to someone. NBC’s Superstore exemplifies how relationships in the workplace can be almost impossible thanks to vague sexual harassment policies.
The NBC comedy Superstore continues to insert pro-labor propaganda into its show. Thursday night's episode "Election Day" once again pits employees against their "unethical" corporation.
In its season two opener, NBC’s big box store comedy, Superstore, continued its sharp left turn left. At the end of the show’s first season, a majority of Cloud 9’s employees went on strike after the store manager was fired for “suspending” an employee, with pay, who had just given birth in the store because the corporate office had refused to offer maternity leave to its associates.
Retail giant Wal-Mart Stores Inc. apparently got on the good side of the Associated Press a year ago when it announced that would be raising entry-level wages.
Since that announcement, AP, in particular wire service reporter Anne D'Innocenzio, has been excusing the company's relatively poor financial performance while complimenting it for a virtually imaginary "perk up" in sales. Falling profits, store closures, and even the company's mid-February announcement that it expects sales to be "relatively flat" during the 12 months ending January 31, 2017 — summarized in one report from another media outlet as indicating that its customers "are too broke to shop" — have failed to dampen the wire service's strange enthusiasm.
In this week's episode of Wal-Mart, I mean Superstore, we get to one of the issues we've all anticipated since the show's premiere: labor unions. As Cheyenne (Nichole Bloom) goes into labor at work, the chaos is comical but the dialogue is obviously meant to persuade the viewer that it's the store's responsibility to take care of the 17-year-old pregnant girl.
On December 28, the headline at a conveniently unbylined report at the Associated Press screamed: "HOLIDAY SPENDING UP 8 PERCENT; ONLINE SALES SURGE." As I noted in a post later that day, this was odd, to say the least, given that even the incurably optimistic National Retail Federation had predicted an increase of only 3.7 percent. It turned out that the reported growth rate was based on the number of sales transactions, not their dollar amount. Despite that, the late-December AP report repeatedly and irresponsibly characterized the percentage increase as showing growth in "sales" and "spending."
The NRF came out with its official Christmas shopping season sales increase on Friday: +3.0 percent.
The press's fierce determination to avoid blaming any of the steep decline in this nation's stock markets so far this year on horrid U.S. economic data, or on the Obama administration which has given us such a sour economic environment, has gone way beyond annoying.
Shortly after noon at Yahoo Finance, as the Dow Jones Industrial Average's Friday dive hit 500 points, Nicole Sinclair, who is also a senior analyst at TheStreet.com, asked: "Why the heck are the markets tanking?" The mystified Sinclair came up with five reasons. None of them directly related to U.S. fundamentals, which she eventually described as "mixed," or recently released data, though she finally mentioned "disappointing" December retail sales in passing in her second-last sentence.