Business

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

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“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

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 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

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Ken Shepherd | December 12, 2005
     Forecasting a bleak sweater-swaddled winter for middle class Americans on the December 12 Evening News, CBS correspondent Jim Axelrod exaggerated the rise of natural gas heating costs by about…
Ken Shepherd | December 12, 2005
     The crew of CNNs In the Money opened their December 10 program warning about a bursting housing bubble, but an interview with a Harvard housing expert quickly deflated that story line.     …
Ken Shepherd | December 9, 2005
     Stacking the deck against Merck and Co., Inc., reporters for The New York Times and USA Today presented an allegation that the prescription drug maker tampered with results in its own study. The…
Dan Gainor | December 9, 2005
     Oil companies are evil and the root of that evil is Americas endless thirst for oil. At least thats the spin of the new movie Syriana, which the media have called powerful, ambitious and Something…
R. Warren Anderson | December 8, 2005
     A company that has lowered food prices by more than the government food stamp program in 2005 and has donated millions upon millions of dollars to charitable causes is a Goliath and similar to a god…
Charles Simpson | December 8, 2005
     If aliens landed on Earth and picked up the cover of the December 8 Washington Post, theyd think the House of Representatives were a bunch of reckless advocates of tax cuts that do nothing to help the…
Ken Shepherd | December 8, 2005
     The same network that brings you Anderson Cooper 360 should consider a new show hosted by one of its business reporters: Andy Serwer 180.      CNNs Andy Serwer swung from warning of a…
Dan Gainor | December 7, 2005

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The 2005 Atlantic hurricane season brought with it a storm of controversy that is still having impact. When two studies alleged a link between increasing strength of storms and global warming, climate change advocates found…

Dan Gainor | December 7, 2005

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The images of the 2005 hurricane season are seared into the minds of the American public. Hurricane Katrina’s devastation of the Gulf region dominated news coverage, but it was just one of 13 hurricanes during the…
Herman Cain | December 7, 2005
     Holiday traditions are grounded in stories from the past, including how St. Nicholas became Jolly St. Nick. But some storytellers are hard at work no matter what the season. You can always trust the…
Gary Wolfram, Ph.D. | December 7, 2005
     Economist Brian Wesbury has called them Pouting Pundits of Pessimism. These are the members of the media who seem to be focused on the negatives and cant find the positives in the economic…
Ken Shepherd | December 7, 2005
     SpongeBob SquarePants is the new Joe Camel. Thats the alarm bell CBS health reporter Dr. Emily Senay clanged for parents in her HealthWatch segment with co-host Julie Chen on the December 7…