Media bias--the Wall Street Journal
According to a study done in December 2005 by a political scientist at UCLA, the
Wall Street Journal is more liberal than the
New York Times,
LA times,
CBS and the rest. See
article in UCLA News. Surprised? Well, look at today's news stories:
CONSUMER PRICES FALL, BUT. . .
WHY IT TAKES A DOCTORATE TO BEAT INFLATION.
E BAY PROFIT RISES, BUT. . .
UPHILL HIKE FOR REPUBLICANS
OIL PRICE DROP CHALLENGES OPEC UNITY
SUPPORT FOR CONGRESS SLIDES FURTHER
HOW H-P KEPT TABS ON A WSJ REPORTER
WAL-MART SLOW-DOWN
DOW HITS 12000 FOR FIRST TIME IN HISTORY, BUT FELL SHORT AT CLOSING
INSURERS BASK IN SUN AND PROFITS AFTER NO HURRICANES
MORE HOME LOANS GO SOUR
IRS IS CRACKING DOWN ON POPULAR DEFERRAL STRATEGY
ELI LILY HAD A HAND IN DRUG GUIDELINES
I always enjoy reading this paper, but its social science slant in the basic news stories really bugs me. There is never good economic news for the ordinary citizen, the middle class American. The investor in a pension plan. No. Only the grubby, greedy rich. And poor? The sob stories the WSJ
social workers journalists write. Oh my gosh, it must be the reason Americans are rushing over the border to work and seek benefits in Mexico and Canada and taking boats to Cuba. I suppose they can't help it--after all, all journalists are graduates of our U.S. journalism schools, products of our tenured radicals of the 1970s, and if they had time to think about how biased they are, they'd probably quit.
Their anti-Wal-Mart stories are frequent. Today's superimposed a rectangle over the map of Manhattan to show that Wal-Mart covers 17.88 sq. miles of floor space with 3,289 stores (not counting Sam's Club), and that its 1.3 million employees could fill every major league stadium. Is this even relevant? Does this graph mean anything to someone outside NYC? George Wills, on the other hand, says it
a bit differently: Wal-Mart is the most prodigious job creator in
history; by lowering consumer prices, it adds 100 jobs for every 50 competitors lose; Wal-Mart saves consumers more than $200 billion a year, dwarfing food stamps and earned income tax credits; and of course, Chicago didn't want Wal-Mart inside the city, so the suburbs are getting the business taxes and the employees' jobs.
Pro-business could be pro-American, unless you work for the
Wall Street Journal. It's called biting the hand that feeds you.
Wall Street Journalmedia biasWal-Mart