Business

Noel Sheppard | January 4, 2006
     This pessimism continued right through Christmas day, even when the news began to come out that sales through December 24 were quite respectable. As Reuters reported on December 26: U.S.…
Ken Shepherd | January 3, 2006
     Two million jobs were added in 2005; Novembers initial job growth was revised upwards by more than 40 percent of the original estimate; and unemployment dropped below 5 percent, according to…
Ken Shepherd | January 3, 2006
     Shes no Miss Cleo, but CBSs Sharyn Alfonsi polished off her crystal ball to issue a cloudy economic picture for 2006 on the New Years Day edition of the "CBS Evening News". A broad consensus of…
Dan Gainor | December 29, 2005
     The term consumer group conjures up the image of some George Bailey-esque fighting for the little guy. At The Washington Post, that has become the code for a left-wing, anti-industry group. The…
Ken Shepherd | December 28, 2005
     ABC reporter Dean Reynolds promised A Closer Look at the woes of domestic auto parts maker Delphi, but instead zoomed in on a story portraying union workers as victims and corporate executives as…
Ken Shepherd | December 27, 2005
     The front page of the December 27 Investors Business Daily (IBD) joined other print outlets in blowing hot air on the so-called housing bubble with Home Sales Plunge as Prices Pull Back and…
R. Warren Anderson | December 27, 2005
     In the biggest, boldest weight loss challenge ever, ABC underestimated by 143 million the number of cheeseburgers in weight it wants America to lose.      Good Morning America and aol.com are…
Dan Gainor | December 23, 2005
     Christmas is a time of giving and TV news reporters certainly took that opportunity to give it to Wal-Mart. Following a jury ruling that went against the worlds largest retailer, journalists put the…
Amy Menefee | December 22, 2005
     In newspapers, placement is everything. Put a story on the front page above the fold, and everyone can see it as they walk by the newsstand. But hide it deep in the nether-sections, and only Grandpa…
BMI Staff | December 21, 2005

New from the Business…

Dan Gainor | December 21, 2005
     The Christmas shopping season culminated a strong year for the U.S. economy. But instead of ringing out the old year and toasting the economys success, 43 percent of Americans think were in a…
Noel Sheppard | December 21, 2005
     Ever since Hurricane Katrina made landfall in late August sending oil prices to $70 per barrel and gasoline above $3 a gallon, the media have been in a panic over a return of 70s-style inflation. Such…
Ken Shepherd | December 21, 2005
     Ringing alarm bells about record greenhouse gas emissions, New York Times reporter Andrew Revkin opened his December 21 article noting the U.S. Energy Department reports U.S. emissions…
Ken Shepherd | December 20, 2005
     Opening their newscasts with the New York City transit strike, the December 20 morning news programs focused on the inconvenience to commuters and the expected cost to the city, but only CNN, CBS, and…
Ken Shepherd | December 19, 2005
     Regardless of whether a strike is called or a settlement is reached, warned Chan and Greenhouse, the labor struggle over the transit contract has highlighted one fact: Many workers feel they lack dignity…
Charles Simpson | December 15, 2005
     Lou Dobbs wants answers. In his December 14 broadcast of CNNs Lou Dobbs Tonight, the business anchor gathered torches and pitchforks in response to the news of an overall trade deficit [that] hit…
Ken Shepherd | December 15, 2005
     Lower energy prices have spurred a significant drop in consumer prices according to a December 15 report from a federal agency that tracks economic data. On a seasonally adjusted basis, the CPI-U…
BMI Staff | December 14, 2005

The Media’s Top 10 Economic Myths of 2005

See Executive Summary

“So people at home right now are saying, ‘Economic slowdown? How slow is it going to go?’ Are we headed for another recession?”– Anchor John Roberts, “CBS Evening…

BMI Staff | December 14, 2005

See Full Report

 It was difficult to wade through the economic news of 2005. Gloom and doom overwhelmed any rational examination of the U.S. economy. Journalists were so obsessed with their negative outlooks that they set aside reason and…

BMI Staff | December 14, 2005

New from the Business…