Economy

In a verbal tussle with Fox Business Network host Liz Claman January 24, Business & Media Institute Managing Editor Amy Menefee explained that conservatives are just looking for some balance from the media."You get upset when the media is skeptical about certain things and you say that that's un-American," Claman said. "Yet when we're not skeptical you're saying now, ‘Why aren't you skeptical…

Worried about finding employment after losing your job because of this gosh-awful recession we're having? Oh, you haven't lost your job yet? Yeah, we aren't actually having a recession yet, but that's just details. But the show must go on, and so goes the January 23 "CBS Evening News." "It's a bumpy ride for the American worker as well. As the economy slows the unemployment rate is rising…

It's quite a sight to behold when media "has-beens" start drinking the doom and gloom Kool-Aid offered up in the media. Sam Donaldson, who covered the Reagan White House for ABC and who now is a contributor to the network's "This Week with George Stephanopoulos," last night told a gathering in Georgetown that the U.S. economy is going "in the dumper" and criticized the Democratic presidential…

Billionaire investor George Soros called for more government monitoring and involvement in markets in an interview on CNBC January 23."Now we really have to reconsider the whole policy, which has been in my opinion misplaced, of relying on the markets to police themselves," Soros told Maria Bartiromo in Davos, Switzerland, "to recognize the risks. And there are risks which it is the job of the…

In a "Notebook" entry at her blog on the CBS News Web site Wednesday, "Evening News" anchor Katie Couric boasted of the media's ability to predict a recession.In spite of the fact that no one knows for sure if the U.S. economy is in a recession, Couric seemed sure the nation is facing economic hard times, and she's proud to say the media called it."The economy's going through one of its roughest…

Liberal Maryland Gov. Martin O'Malley (D) is in trouble with the voters who elected nearly 15 months ago. In a state that is deep blue in presidential elections and has a 2:1 Democratic registration advantage, the former local Irish rocker is getting a chorus of boos from voters with poll numbers in the mid to high 30s. One major factor: the tax-hiking special legislative session he called in…

In an article (HT Jim Taranto at Best of the Web) describing Ireland's emergence as an European Union powerhouse ("Entrepreneurship Takes Off in Ireland"), reporter James Flanigan of the New York Times simply could not bring himself to specifically identify one of the main reasons for the country's success (bolds are mine): Ireland is now alive with enthusiasm for entrepreneurs, who seemingly…

Although a recent Sacred Heart University poll indicated 45.4 percent of respondents thought journalists and broadcasters are mostly or somewhat liberal - the bias isn't ideologically driven according to Newsweek editor Jon Meacham. Meacham appeared on Comedy Central's January 21 "The Daily Show with Jon Stewart" and told viewers the media gear reporting toward conflict. "I absolutely…

After the Fed made an "emergency" 75-basis-point rate cut this morning, CNBC's "Mad Money" host Jim Cramer, who has gone from bull market cheerleader to bear market doom and gloomer in the last six months, said it was too little too late. "[T]his is obviously the kind of action I was most fearful of - which is that they would have to go panic and that they would get way behind the curve,"…

It's no longer enough to say the economy is heading into or already is in a recession. Invoking the memory of the Great Depression has become the latest way to dramatize the economic turmoil caused by the credit markets. "[I] think we are facing the worst financial crunch and crisis since the Great Depression," Mort Zuckerman, editor-in-chief of U.S. News & World Report, said on the…

Former Secretary of State Madeleine Albright isn’t impressed with the blow-by-blow horse race coverage of the primary season and blames the media.Albright revealed that to an audience January 19 at a Borders bookstore in Tysons Corner, Va., outside of Washington, D.C., to promote her new book “Memo to the President Elect: How We Can Restore America's Reputation and Leadership.”She said the media…

CNBC "Street Sweetie" Erin Burnett revealed what some might have suspected about "Mad Money" host Jim Cramer all along. "[H]e's crazy - certifiably," Burnett said on the January 18 "Late Night with Conan O'Brien." Of course, Cramer is a regular on NBC's "Today" and "Nightly News" as an expert on the economy. On December 19, Cramer appeared on "Today" and was very critical of Fed Chairman…