CNN Reporter: 'Do You Think We're Feeding Economic 'Misery
CNN's senior business correspondent Ali Velshi had an interesting question for viewers this morning.Before telling viewers that consumer confidence is at the lowest level in two years, Velshi asked if the media have anything to do with it."Do you think we're feeding this thing? Do you think we're fueling this sort of misery?" asked Velshi on "American Morning" November 28.A question for…
'Titanic' Bias? NYT Implies U.S. Economy Sinking Into Recession
As the 2008 election approaches, the New York Times uses the image of a sinking red "RECE$$ION" to communicate a fear that is so far only a phantom menace. Peter Goodman's Sunday Week in Review cover story, "Trying to Guess What Happens Next," displayed plenty of pessimism about the U.S. economy after years of foreign-financed easy money. But the accompanying graphic communicated even more…
Big Upward 3rd Quarter GDP Revision Expected; Only Thing Bigger Is Its
Of course, the expectations game can be frustrating, and we won't know for sure until the actual report is released Thursday at 8:30 a.m. But there appears to be remarkably good economic news ahead. Naturally, it is getting the barest of coverage from an Old Media business press corps that seems intent on talking the economy down. First, a week ago Monday, MarketWatch's Greg Robb, in an article…
Dobbs: Clinton White House Would Be Praised for Today’s Economy
For years, NewsBusters and its parent, the Media Research Center, have been reporting on the disparity in economic coverage by mainstream media outlets during the Clinton and Bush administrations. In the past seven years, economic data that would have been praised when Bill Clinton was in the White House has continually been presented as recessionary, or even depression-like. With that in…
Matthews: 'I Don't See a Whole Lot of Heart' From Rudy or Romney
Widows and orphans, beware: the Republicans are coming!That was the upshot of Chris Matthews's observation today about two Republican front-runners.View video here.Financial Times US Managing Editor Chrystia Freeland has become a "Hardball" regular of late. CHRYSTIA FREELAND: The other thing that people worry about is if someone forecloses on their home, and that's the issue we haven't really…
America Ranked Number One in Global Competitiveness, Media Mum
So, did you hear the United States was recently ranked by an independent, international economic think-tank as number one in global competitiveness? You didn't? Well, how could you, for according to LexisNexis, not one major American press outlet aside from Investor's Business Daily thought the announcement was important enough to share with the citizenry. I guess this would go too contrary…
BMI Director Dan Gainor on ‘Fox and Friends
Just in time for Thanksgiving, BMI Director Dan Gainor stopped by ‘Fox and Friends' to remind everyone that the economy is not as bad as people think, and that despite what the media said about your Thanksgiving dinner, it wasn't that bad. "If you look at the inflation-adjusted number, it [Thanksgiving dinner] is actually 9 percent cheaper over the last 20 years," Gainor said…
Huckabee: My Critics Get Rich 'At Expense of People Who Don't Know If
Was that Mike Huckabee on "Morning Joe" today -- or John Edwards? The former Arkansas governor found an odd way to refute charges he's not a true conservative, indulging in some class-warfare rhetoric that would have been the envy of the former North Carolina senator.Mika Brzezinski hit Huckabee with an excerpt from Bob Novak's column of today. Here are the opening paragraphs from Novak's False…
Grinchy AP Headline: ‘Despite Economy, Malls and Stores Jammed
*****Critical update at end of post: Yahoo switched articles inside the link about to be discussed!Was there a directive at the Associated Press on Friday for business writers to do their darnedest to bash the economy? After publishing a truly disgraceful column Saturday practically predicting a depression as a result of the current credit crunch, the AP offered readers an article about the…
Weekend Captionfest II
Hugo Chavez and Mahmound Ahmadinejad attended the OPEC summit, where they said the fall of the dollar is a sign that "the U.S. empire is coming down."
Disgraceful Gloom at AP: Mortgage Crisis Could Lead to Depression
*****Update at end of post includes detailed response to unhappy e-mail messages concerning this subject.As someone that has done a lot of economic writing and financial media analysis, I'm used to gloom and doom from journalists. However, Saturday's Associated Press article concerning the credit crunch and how it's impacting the mortgage market could be the worst example of economic and…
Krugman Shows Why Liberals Think Economy Is Lousy
For years one of the great unanswered questions along Main and Wall streets has been why, in the midst of 24 consecutive quarters of uninterrupted growth, polls have regularly found Americans sour about the economy. On Tuesday, a battle between the New York Times liberal economics columnist Paul Krugman and WOR radio's Steve Malzberg offered a clue. In fact, after 16 minutes of sparring on…
