Economy

There's certainly an argument to be made that college football's Bowl Championship Series (BCS) isn't an ideal system, but just to what degree should the federal government come in and regulate this multi-billion dollar industry? According to Andy Staples, a writer for Sports Illustrated's Web site, SI.com who appeared on the Fox News Channel's Dec. 9 "Studio B," the industry should be revamped…

Each year the Business & Media Institute looks back on the year's news and selects the top 10 worst economic myths. Here is our 2009 list: 10. CBS, NY Times Support Ecuadorian Shakedown of U.S. oil company9. Media Fail to Scrutinize Obama's Job Claims  8. Government Stimulus is the Answer to Our Economic Problems7. No Tax Increases for the Middle Class6. The Recession was Over ... by July…

Every now and then, we at NewsBusters like to point out a solid piece of journalism, instances where the media report news that cuts against the liberal narrative of the world that the MSM usually churn out.And so today, I thought I'd pass along how USA Today noted today that "Fast-food standards for meat top those for school lunches" (h/t NB intern Mike Sargent ):In the past three years, the…

Comedy Central's Jon Stewart used crude sexual humor Monday to bash President Obama's jobs summit.After playing a videotape of the President asking those in attendance at last Thursday's forum "for specific recommendations that can be implemented that will spur on job growth as quickly as possible," Stewart offered a somewhat vulgar idea.Delicately paraphrased, "The Daily Show" host suggested…

Blogger Doug Ross got to the news of the Congressional Budget Office's Monthly Budget Report (PDF) over the weekend, quite accurately observing that the establishment news coverage of its content barely existed. The results of searches at the Associated Press's raw feed page on "Congressional Budget Office" (not in quotes) and "CBO" confirm Doug's observation, as no result returned relates to…

A defensive Robin Roberts on Monday lauded the potential passage of any kind of health care bill as a "historic moment," seeming to bristle at Bill O’Reilly’s grade of a D for the President’s performance on this issue. The Fox News host appeared on Good Morning America to award Barack Obama a D, C and B, overall. O’Reilly bluntly assessed, "Health care, I'd say D as in dog...But, you can't be…

ABC’s Good Morning America maintained its blackout on ClimateGate this weekend, even as Sunday’s show carried a preview of this week’s climate summit in Copenhagen, Denmark. Reporter Clayton Sandell showcased two scientists, both of whom argued that the U.S. was failing to do enough to combat global warming, and seemed distressed that public faith in the claims of a human-caused catastrophe are…

Responding to President Obama criticizing media coverage of the White House jobs summit, on Friday’s Hardball on MSNBC, host Chris Matthews wondered why the President wasn’t more appreciative of all the media’s help: “Why would you ride the ref when he’s calling all the plays for you? What’s he out there bashing the media for?” During a town hall meeting in Allentown, Pennsylvania on Friday,…

On Friday’s CBS Early Show, co-host Harry Smith asked Face the Nation host Bob Schieffer about all the problems facing President Obama: “it was Afghanistan, now it’s jobs...healthcare....Do you remember a time when a president had as many irons – critical irons – in the fire, as this one seems to have right now?” Schieffer replied: “Oh, I suppose during the dark days of World War II.”  Schieffer…

What's $200 billion annually, or roughly $1,761 per family per year, if it means lowering by 10 percent the chance that the world is going to end? It's a pittance to New York Times columnist Thomas Friedman. Friedman made an appearance on CNN's Dec. 3 "Campbell Brown" to promote the paperback release of his book, "Hot, Flat, and Crowded." Brown asked Friedman for his take on the ClimateGate…

People Magazine practically slipped over their drool-laden piece yesterday involving First Lady Michelle Obama's decision to recycle ornaments for the White House Christmas tree.  The opening statement of this piece is so very complimentary of this novel decision, you'd think it was a decision that qualifies Mrs. Obama as a nominee for the Nobel Peace Prize next year.  (Cause that's a little…

The coverage yesterday by the Associated Press's Stephen Bernard of payroll and human resources giant ADP's monthly jobs report for November focused on a relatively small reduction in the size of the decline in jobs lost and not on the fact that continuing to lose jobs is a bad thing.That rhetorical sleight of hand enabled the AP reporter to tell us that ADP's reported private sector job loss…

In their report on Ford's November sales results, the Associated Press's Tom Krisher and Dee-Ann Durbin seemed to downplay the company's pretty decent month, and definitely downplayed the company's better near-term prospects compared to its principal rivals. Additionally, despite the report's Wednesday time stamp, the pair didn't update the item's content to compare Ford's performance to its…