Sunday, February 23, 2014

Business News or Propoganda?

I was watching the is video about a new pizza chain on Fox Business News and I couldn't believe how biased it was. The pizza chain was created by a multimillionaire with experience with franchises, he was the founder of Wetzel's Pretzels and decided he wanted to create a new chain. He started by creating two stores and then expanded to 11 with plans to expand to 45 by the end of the year. He had a good idea, tested, worked it out and began franchising it. That in itself is a good story; but, what is really interesting is how the "reporter" approaches him and the story.

Lets start with this, about 23 seconds in the reporter says that "you can't tell us the economy is so bad". She then says, "so your not blaming the weather and your not blaming the economy, your doing as well as you would like to". After going over the large number of big time people who are looking to franchise the pizza company, the reporter then asks how increasing the minimum wage might affect him.

Fox - The recipe for pizza success.

I really want you to watch the short news story. At some point in time I will probably try the pizza and the owner of the company seems pleasant enough. He certainly has managed to get lots of investors because of his past track record. In fact after watching another article about his company on Good Morning America the number of stores going up is already around 200. That is a pretty good start for any franchise. What was intriguing was how she seemed to want to use the story, not to help his stores; but, to achieve a political view which he smartly chose not to get tricked into.

Having said all that, lets get back to the reporters perspective. She began by saying that you can't tell her the economy is bad because some people are making lots of money. I question who this reporter spends her time with, I am guessing it is with people that have lots of money. That is the saddest part, she may really not understand what life is like for people who make minimum wage. There was someone rich guy recently who complained that the poor in America are better off than 99% of the world's population and needed to stop whining. The person who said that clearly had no idea how bad things are for many.

In Australia, the richest woman in the world (she inherited the money from her father) said that Australians should be willing to work for $2 a day, currently they have a minimum wage of $16 an hour and by and large the country was not damaged by the international economic downturn. This same woman called for sterilizing everyone that makes under $100,000 a year. I guess some of the wealthiest actively want to see the western world become like some 3rd world nation except even more restrictive.

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