Chris Cuomo Asks 'Recession?' But Reporter Says Economy Is 'Holding Up
August 16th, 2007 12:22 PM
"Good Morning America" asked "What is going on?" with the stock market on August 16. Anchor Chris Cuomo asked Bianna Golodryga if the market drop is a correction or a recession."There seem to be two schools of thought here, those involved in all this sophisticated mortgage lending are saying this is the beginning of the end. But stock analysts are saying it is just a correction. Where are people'…
Media's Volatile Coverage of Stock Market: 'Armageddon' or 'The Sky's
August 15th, 2007 5:52 PM
As the stock market went up and down over the past few weeks, media coverage also bounced from end-of-the-world rhetoric to rational analysis.CNBC’s Jim Cramer went on an impassioned rant August 6 calling for the Fed to reduce interest rates.“Bernanke needs to open the discount window. That is how bad things are out there … in the fixed income markets we have Armageddon,” said Cramer on “Stop…
WSJ Op-Ed's Look at Old Media Business Bias: Very Good Points, But Inc
August 11th, 2007 3:42 PM
At OpinionJournal.com on Thursday ("Fair but Unbalanced -- How the media promote false pessimism about the economy"), Brian Wesbury, who has written several times on the disconnect between the strong economy and the public's perception of it (previous references here, here, here, here, and here), had another generally stellar column about what is nonetheless a relatively small piece of the…
Econ 101, Hey! High Schoolers Do Pretty Well on Biz-Econ Assessment
August 10th, 2007 4:50 PM
Headline and sub-headline in today's OpinionJournal.com: The Kids Are All Right Economic literacy test: High school seniors beat Congress. Excerpts (bold is mine): Since its founding in 1969, the NAEP has become something of an annual exercise in American educational masochism. Last year, only 54% of students met NAEP's "basic" standard--the equivalent of a passing grade--on the science test.…
