Business

BMI Staff | December 19, 2008
Pumped Up Prices Gas and oil prices have collapsed despite media predictions they would both spike much higher. In more than 500 oil and gas stories one thing is obvious you are…
Jeff Poor | December 19, 2008

Just how bad is the economy? ABC’s “World News with Charles Gibson” went all the way to Edwardsburg, Mich. to find out.

The Dec. 18 broadcast of “World News” highlighted a new economic indicator – the increase in the number of people…

Jeff Poor | December 18, 2008

Unprecedented snow in Las Vegas has some scratching their heads – how can there be global warming with this unusual cold and snowy weather?

CNN Meteorologist Chad Myers had never bought into the notion that man can alter the climate and…

Donald J. Boudreaux, Ph.D. | December 18, 2008

Editor, The New York Times

229 West 43rd St.

New York, NY 10036

To the Editor:

Bravo for Roger Cohen's explanation that market economies work by creating new firms, new products, new processes – and that these…

Jeff Poor | December 18, 2008

In an attempt to pit “us” against “them [Wall Street]” Rachel Maddow mocked and criticized the rate at which Goldman Sachs was taxed this year.

 

The MSNBC host of “The Rachel Maddow” show lamented that the investment bank…

Jeff Poor | December 18, 2008

Even in a story about Wall Street scandal, NBC found time to promote a bailout of the auto industry.

 

The Dec. 17 “NBC Nightly News” went out of its way to put the amount of Bernard Madoff’s alleged $50 billion fraudulent Ponzi…

Jeff Poor | December 18, 2008

Love him or hate him, this time Jim Cramer makes a good point.

 

While some in the media have expressed fury over allegations that Bernard Madoff ran a Ponzi scheme that may have cost investors up to $50 billion, CNBC’s “Mad…

Dan Kennedy | December 17, 2008

On Sunday, Dec. 14, “Good Morning America” devoted about 10 minutes to a segment about the theft of baby Jesus statues from nativity scenes on church lawns. As they pointed out, these thefts are not a new crime. In fact, once the subject of an…

Julia A. Seymour | December 17, 2008

CNN’s Carol Costello and John Roberts had a lump of coal for credit card companies on “American Morning” Dec. 17.

 

Costello complained about the companies’ use of “warm and fuzzy” holiday advertisements in an attempt to…

Jeff Poor | December 16, 2008

Rupert Murdoch has his critics – from those who think his papers are too tabloid-ish – The Sun, The New York Post – to those who find his cable television networks too right-leaning for their tastes. And back in 2007, there was a fear that his…

Jeff Poor | December 16, 2008

Even with all his detractors, CNBC’s “Mad Money” host Jim Cramer has never been shy about expressing his opinion. Most notably, his infamous Aug. 3, 2007 “They know nothing … They’re nuts” rant was a full fledged meltdown, but it correctly…

Jeff Poor | December 15, 2008

The proposed automaker bailout has a big stamp on it that says “union-built,” but the news media hasn’t noticed.

The proposed automaker bailout has a big stamp on it that says “union-built,” but the news media hasn’t noticed.

Dan Gainor | December 15, 2008

News by its very nature is unpredictable. Too bad many journalists don’t seem to understand that fact.

Ever since gasoline prices began a wild ride in 2004, the media have been obsessed with predicting future energy prices. Gasoline, we…

Donald J. Boudreaux, Ph.D. | December 15, 2008

Editor, The Wall Street Journal

200 Liberty Street

New York, NY 10281

To the Editor:

You rightly dismiss the argument that a government bailout of GM, Ford, and Chrysler is justified by the concern that people…

Donald J. Boudreaux, Ph.D. | December 15, 2008

Editor, The New York Times

229 West 43rd St.

New York, NY 10036

To the Editor:

Presidential spokeswoman Dana Perino said Dec. 12 that "Under normal economic conditions we would prefer that markets determine the…

Jeff Poor | December 12, 2008

     Time and again we’ve heard about the lost jobs and economic impact of failing to bail out the beleaguered American auto manufacturers. But little mention has been made of the consequences of going through with the bailout…

Jeff Poor | December 12, 2008

     All is fair in love and war … and environmentalism.

 

     A Greenpeace advertisement attacking the fishing industry that was posted on YouTube Dec. 3 spells out doom and gloom for a…

Jeff Poor | December 11, 2008

     Call it a classic Keynesian fiscal strategy, as some have, but in the midst of this financial crisis, Rep. Louie Gohmert, R-Texas, has a more cost-efficient means of stimulating the American economy than massive bailouts. .

    …

Jeff Poor | December 11, 2008

     “Nightly News” went out of its way to show how the American public relies on government Dec. 10 by focusing on the public library in it’s “Hard Times” series.

     The broadcast examined the hardships public libraries are facing in…

Dan Kennedy | December 10, 2008

     A new TV program, loosely swiped from a TV show of long ago, debuts tonight on Fox. As I understand it, in “The Secret Millionaire” we will see millionaires go undercover, work for a week in some poorly paid job and live as the oppressed…