Business

     Drastic times call for drastic measures and some of those measures were mentioned on CNBC immediately after the Dow Jones Industrial Average (DJIA) took a late session nose-dive to finish down 679 points, or roughly 7 percent.

     Capitalism works when parties make responsible business decisions. Just look at the First National Bank of Orwell in Orwell, Vt.

     “CBS Evening News” showcased fifth generation…

     As one of CNBC’s star personalities, “Mad Money” host Jim Cramer has often appeared on the financial cable network’s parent channel, NBC – and has had an even more prominent role during the global financial crisis.

     Cramer made…

     The media in the hip pocket of big oil and coal? Sounds like an outrageous claim given how much those industries get blasted on the networks. But that’s just what the CEO of the Al Gore’s Alliance for Climate Protection’s…

     The financial system has been the damsel in distress of the U.S. economy for weeks, and according to the media only one hero could save her: the government and its $700 billion “rescue package.”

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     On the day when former American International Group Inc. (AIG) executives testified before the House Oversight Committee, reports surfaced that the company spent $440,000 on a retreat for independent agents. The trip occurred after the $85-…

     The broadcast networks have certainly backed liberal economic policies promoted by Democratic presidential candidate Sen. Barack Obama. But on CNBC Oct. 8, the network’s on-air editor declared the policies “absurd” and…

     In his 1961 inaugural address, President John F. Kennedy said, “Ask not what your country can do for you - ask what you can do for your country.” CBS must have forgotten that is the role of government – not mandates.

     Ludwig von Mises in a classic 1927 book, Liberalism, wrote that government intervention in markets would lead inevitably to unintended consequences that resulted in further government intervention.

     The current financial…

     Earlier this year, many voices in the media were warning for the worst when it came to the price of oil as economic uncertainty loomed ahead. One analyst even predicted in May that oil would hit $300 a barrel.

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     If you’re going to hype something, you should get it right. The Dow Jones Industrial Average (DJIA) fell below 10,000 on Oct. 6 for the first time in nearly four years, but the close seems like it hit a decade low to some…

     Journalists are trained to “follow the money” – to uncover who donates how much to what campaign, especially in the midst of a presidential election.

     When Lehman Brothers CEO…

     Could the United States be forced into taking a page straight from Hugo Chávez’s playbook – down the path of nationalization? According to New York Times columnist Paul Krugman, there’s an almost 100-percent chance it will.

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     Despite the “populist uprising” to block the economic bailout, President Bush signed a $700 billion rescue plan Oct. 3. The bailout spurred much debate, including a second dispute between financial analysts Peter Schiff…

     It seems anxiety from the financial crisis is reaching new highs, but the tipping point for one individual came at the Lehman Brothers gym in the midst of the company’s collapse.

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     The collapse of several financial institutions has sparked a media blame game that continued on CBS’s “60 Minutes” Oct. 5.

     Correspondent Steve Kroft attacked credit default…

     With all the turmoil in financial markets in the wake of a defeated federal government bailout package, hyperbole is running at high levels.

     Take former presidential candidate…

     Children’s cough and cold medicine is “safe” when used properly, but according to the same CBS doctor the product is “dangerous.” As a result, the network chose to blame business.

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