Cramer on Geithner's Tax Troubles: 'If it was Cramer, I Would Be Prose
January 22nd, 2009 8:31 PM
Like him or not, this time he has a valid point. CNBC rabble-rouser and "Mad Money" host Jim Cramer questioned the merits of Timothy Geithner, President Barack Obama's Treasury Secretary-designate, and told viewers on CNBC's Jan. 22 "Street Signs" that, had he been in Geithner's shoes, he'd face criminal prosecution. "I happen to have a meeting with my lawyers just to discuss this - with my…
Dobbs vs. Kudlow: CNN Host Trashes Rival's Presence at Obama Dinner
January 15th, 2009 11:27 AM
"CNBC Reports" host Larry Kudlow believes free-market capitalism is the best path to prosperity. Too bad CNN "Lou Dobbs Tonight" host Lou Dobbs doesn't. Dobbs attacked Kudlow during the Jan. 14 broadcast of "Lou Dobbs Tonight" for commenting on a dinner meeting of conservative pundits at the home of Washington Post columnist George Will on Jan. 13. Kudlow was not included in person or by phone…
Last Year Tough for Print Media as Newspapers Lose $64B in Share Value
January 2nd, 2009 3:00 PM
Some call it "the dead tree edition" of the news media. But as 2009 dawns, trees may not be the only casualties.Newspaper companies as an investment are less lucrative than they once were. Alan D. Mutter, a Silicon Valley CEO, pointed out on his blog that newspaper companies took a hit in 2008 in terms of share value to the tune of $64 billion. "In the worst year in history for publishers,…
Coming Soon: Hollywood Analysts Predict 2009 the Year of the Wall Stre
December 30th, 2008 12:25 PM
Get your popcorn ready - that is if you like seeing the rich portrayed as bad guys and getting punished for their indiscretions. According to CNBC contributor Michael Wolff, a Vanity Fair contributing editor, that's what's in store for movie fans in the upcoming year. On the Dec. 29 "CNBC Reports," Wolff told CNBC Business News managing editor Tyler Mathisen that Hollywood is greenlighting a…
Media May Have Played a Role in Madoff Scandal, Says CNBC Contributor
December 23rd, 2008 2:09 PM
Is it possible the financial media played a role in facilitating the alleged $50 billion Bernard Madoff Ponzi scheme? An interesting theory by Jon Najarian, CNBC analyst and cofounder of optionMONSTER, contends that they very well may have unwittingly done just that. Madoff, he believes, used media publicity to lure investors to his scheme. As Najarian explained on CNBC's Dec. 22 "Fast Money,"…
Kudlow Lashes Out at Bailouts in Wake of Autos/Bush Proposal
December 19th, 2008 5:57 PM
Feeling a little bailout fatigue? Tired of the assault on the taxpayer from the federal government to pacify those influenced by the United Auto Workers? CNBC's Larry Kudlow feels your pain. Call this red meat for the troubled anti-bailout soul. Kudlow, now performing a role as a co-host on CNBC's mid-morning program "The Call," blasted the Union Auto Worker, President George W. Bush, Treasury…
Former Airlines CEO: What Makes the Automakers 'Exempt from Reality
December 19th, 2008 2:22 PM
It's special treatment for automakers, according to a former airline executive. Gordon Bethune, the former CEO of Continental Airlines (NYSE:CAL), now a CNBC contributor, told CNBC's "Squawk Box" on Dec. 19 the political process is being substituted for what otherwise should be a bankruptcy judge in determining the fate of the big three automakers. "Wow, what makes them exempt from reality?…
UAW Gave $1 Million+ to Pro-Bailout Congressmen; Media Focus on Anti-B
December 15th, 2008 4:11 PM
The proposed automaker bailout has a big stamp on it that says "union-built," but the news media hasn't noticed. Over the past month, accusations have been flying against several Southern senators who oppose a $14 billion bailout for the beleaguered big three automakers and support the the alternative of Chapter 11 bankruptcy. These senators, critics say, are representing the interests of…
Mad Money Site Rebuts BMI's Criticism of Jim Cramer
December 15th, 2008 3:12 PM
Last week the Business & Media Institute released its annual Top 10 list of the worst economic myths the media spread in 2008. The list was broad, ranging from “killer tomatoes,” to the collapse of Fannie Mae and Freddie Mac, to the death of capitalism.But it was myth number 2 “Welcome to 1929: Great Depression II” that touched a nerve with Cliff Mason, senior writer for Mad Money, because of…
'I Think Murdoch Will Get the New York Times
December 11th, 2008 4:43 PM
How about Sean Hannity as editor of the New York Times op-ed page? Maybe O'Reilly and Cavuto in place of Dowd and Krugman as Times columnists? It might not be as far-fetched as it sounds. At least, not if Michael Wolff is right. The Vanity Fair media maven, appearing on CNBC this afternoon, not only said that Rupert Murdoch wants the Gray Lady, but predicted he would get her. [H/t Gat.]View…
Kernen: Energy Czar Browner is 'Scary' during 'Once in a Lifetime Rece
December 11th, 2008 1:36 PM
President-elect Barack Obama named Carol Browner the "czar" of climate and energy policy for the White House, but CNBC's Joe Kernen was wary of her appointment. "You can see that even in Europe, some of the climate concerns, given this, this once in a lifetime recession, John - to put someone that, an advocate of such strong measures," Kernen said on "Squawk Box" Dec. 11. "Really I've seen her…
Bernanke Speaks, Dow Sheds Triple-Digit Points Again
December 4th, 2008 4:43 PM
When Federal Reserve Chairman Ben Bernanke speaks, Wall Street listens - and investors should beware. The Dow Jones Industrial Average (DJIA) has lost over 2,500 points on days he has spoken, including three of the worst point losses ever. Today's drop in the Dow of 215 points is the 14th time out of the last 20 times the Dow has lost ground on a Bernanke has spoken over the past six months.…
Cramer: Depression Comparisons are ‘Scare Tactics
December 2nd, 2008 2:45 PM
Do as I say, not as I do.That appears to be Jim Cramer's philosophy. The CNBC "Mad Monday" host told NBC "Today" show viewers Dec. 2 that comparisons between the current economy and the Great Depression were inappropriate. "[T]hat's got to be taken off the table," Cramer told "Today" host Meredith Vieira. "There have been enough things done by this government to absolutely preclude that. I,…