Business

     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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     It’s almost like yelling, “There’s not a fire” in a crowded theater. It’s enough to get the audience’s attention by startling them, even though the alarm isn’t supported by reality.

     Such is the case with the cover of the new…

     Fighting obesity with pork may not sound like the path to physical fitness – until you realize it isn’t “the other white meat,” but government spending.

    The “NBC Nightly News” on Oct. 2 praised Republican Oklahoma City Mayor…

     If the French are embracing your economic proposals – something must be wrong according to one overseas investor.

     That was what Hugh Hendry, the Scottish CIO of Eclectica Asset…

     How do you get nominated for a magazine award? Do something that offends almost everyone and tears down an American icon at the same time. Even better, claim you were just trying to get “attention.”

     That’s certainly the…

     If it walks like a duck and quacks like a duck, it must be a duck. That must have been CNBC host Melissa Francis’ line of thinking when she described the so-called “tax extenders” included in the U.S. Senate’s bailout bill.

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     Dozens of media reports have compared current economic conditions to the Great Depression. But the Oct. 1 broadcast of “CBS Evening News” didn’t just say there were similarities; it conjured up images of Depression-era…

     It’s rare, but occasionally a journalist actually questions over-the-top government spending.

     NBC chief Washington correspondent Norah O’Donnell took an inquisitive tone in an…