Government Agencies

You've got to love brutal honesty, especially when it comes from the financial media. The Senate's version of a bailout bill, which passed last night by a margin of 74-25, included "sweeteners" - or obscure tax breaks - including benefits for the manufacturer of wooden arrows used in children's toys and another for litigants in the 1989 Exxon Valdez oil spill. Melissa Francis, co-host of CNBC'…

The theory that bailout legislation recently defeated in the House of Representatives would make money for the federal government has been propagated by the financial media. But according to a recent report released by the International Monetary Fund (IMF), a profit is unlikely. The September 2008 report from the IMF stated the chances of the government recouping anything more than just a…

Of course our purpose here at NewsBusters is to shed light on the obscene bias often underlying what passes for journalism here in the United States (and in Canada and Europe sometimes, as well). We here at NB, however, want to stress that we aren't out to "destroy" journalism itself. We understand how important a free and open press is to keep our democratic republic on the straight and narrow.…

You would never associate sex and drugs with crude oil - but politically, the Democratic Party might try. Sen. Bill Nelson, D-Fla., appeared in an interview on CNBC's September 11 "Power Lunch" the day after it was revealed that federal investigators discovered an Interior Department group overseeing the collection of oil and natural gas royalties improperly had sex with subordinates and…

If the idea of the Fairness Doctrine bringing government control of broadcasted speech wasn't bad enough, there's also a possibility that its oversight powers could spill over onto the Internet and control Web content. FCC Commissioner Robert McDowell raised that possibility after talking with bloggers at the Heritage Foundation in Washington, D.C. on August 12. McDowell spoke about a recent FCC…

E-mailer and frequent NB commenter Gary Hall sent me a link to a July 30 LA Times article about how worldwide AIDS deaths are down 10%. In discussing the improvement, it's hysterical in one sense, but very sad in another, to watch how reporter Thomas H. Maugh II studiously avoided using the word "abstinence" (the A-word), which does not appear even once in his entire piece. Just to be sure no…

As if the media's coverage of Cuba isn't fawning enough, now they are using “expert” analysis from three professors that the US government has identified as spies.Babalu Blog reported that, according to Army counterintelligence officer Chris Simmons, the US government believes at least three of the media's academic authorities on Cuba are actually spies working for the Cuban government. The…

Don't blame Sen. Charles Schumer, D-N.Y., member of two influential banking committees - the Senate Finance Committee and the Committee on Banking, Housing, and Urban Affairs - for IndyMac's collapse, says CNBC's Erin Burnett. Burnett, host of CNBC "Street Signs," disagreed with a claim by MSNBC "Morning Joe" host Joe Scarborough that a letter to regulators from Schumer caused a run on the…

What's another $25 billion between taxpayers? Not much, according to the July 23 "CBS Evening News." The massive housing bailout bill, meant to prop up beleaguered government-sponsored enterprises Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) and help homeowners refinance adjustable rate mortgages, was praised in a segment on the CBS broadcast. It passed in the House July 23 and won't face…

CNN's Lou Dobbs is known for his fiery protectionist rants, but now he's calling for an extreme response in the wake of the Food and Drug Administration's inability to prevent a salmonella outbreak. The "Lou Dobbs Tonight" host placed the blame squarely on President George W. Bush, calling for his impeachment on the June 19 broadcast. Contaminated tomatoes from an unknown source or sources…

Could science and statistics be beyond the media's ability to understand and report upon them? One might be excused to think so by the hash the MSM made of the supposed claim that in the U.S. one in four teenaged girls have a sexually transmitted disease. On March 11, the CDC issued a press release announcing a study that made the claim, but did not release the full study so that anyone…

Last week, the Bush administration released a report warning of the potential dangers of global warming, except there wasn't anything new in it. However, the timing of the release was seen as an act done so begrudgingly - since the Bush administration has previously resisted efforts to propagate climate change alarmism. "For the first time, the Bush administration is conceding what most…

In a rare case of balance, Wednesday’s CBS "Early Show" highlighted both sides in the debate over declaring the polar bear an endangered species due to global warming as correspondent Daniel Sieberg declared: "They're at the top of the food chain at the top of the world, but their future is at the center of a political tug-of-war over drilling for oil versus protecting their habitat."Sieberg…