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Lefty Crackpot Theory: Chinese Dictators Funneling Cash into Campaigns for Overseas Jobs

admin — Wed, 27 Oct 2010 00:42:00 +0000

Jeff Poor

The potentially historic midterm elections are a week away and left-wing voices are getting more shrill and paranoid than ever before.

On CNBC’s Oct. 26 “The Call,” left-wing talker and frequent MSNBC guest Mike Papantonio went on a nearly six-minute conspiratorial, anti-corporation, anti-conservative candidate rant suggesting GOP U.S. Senate hopeful Sharron Angle was raising secret money from the Chinese government in order to help them ship American jobs overseas.

CBS Reports Highest End of Food Costs to Emphasize Food Inflation

admin — Fri, 02 May 2008 20:55:19 +0000

Jeff Poor

With food inflation growing at an ever-increasing rate, things may be bad. But they aren’t as bad as the “CBS Evening News” made them seem.

Even with the economy at a slow rate of growth, consumer spending has increased. But don’t be fooled, warned anchor Katie Couric. It’s food inflation taking its toll on the consumer.

Media Pit 'Main Street' Against Wall Street

admin — Wed, 02 Apr 2008 20:25:17 +0000

Jeff Poor

After the Federal Reserve engineered JPMorgan Chase’s (NYSE:JPM) takeover of beleaguered investment bank Bear Stearns (NYSE:BSC), some media outlets portrayed the act as the government bailing out Wall Street while ignoring the problems on Main Street.

Networks Combine to Deliver Economic Triple Threat

admin — Tue, 25 Mar 2008 18:21:13 +0000

Jeff Poor

Nathan Burchfiel

Almost every day, the network news breathlessly asks again: is the “housing crisis” over? Have gas prices topped out? Is the economy in recession? CBS and NBC took a downbeat approach to those questions March 24 and 25.

Existing Home Sales Up in February

Bartiromo Defends Bernanke On 'Meet the Press'

admin — Mon, 24 Mar 2008 20:10:38 +0000

Jeff Poor

How much of what has happened in the housing market is Federal Reserve Chairman Ben Bernanke’s fault?

Not much, according to CNBC “Closing Bell” host Maria Bartiromo. Bartiromo and CNBC “Street Signs” host Erin Burnett were the featured guests on NBC’s March 23 “Meet the Press.”

NYT Weeps as High-Ticket Items Become Unaffordable in Slowdown

admin — Fri, 21 Mar 2008 15:57:22 +0000

Jeff Poor

Can’t afford that new home theater system? Bummed that you had to forego the Dungeness crab for imitation crab meat? Don’t call it “making responsible financial decisions.” Instead call it an economic “slump.”

That’s what reporter Peter S. Goodman did on the front page of the March 21 New York Times in an article claiming economic hardships are hitting “Main St.” as the economy slows.

CBS Reporter Suggests a 'Bailout' for Housing Crisis

admin — Tue, 18 Mar 2008 19:24:18 +0000

Jeff Poor

The “Wall Street versus Main Street” cliché has infiltrated the mindset of reporters covering the economy. And government action has become the standard push for economic sectors in trouble.

Take CBS correspondent Maggie Rodriguez. On the March 18 “Early Show,” Rodriguez confronted Treasury Secretary Henry Paulson, suggesting a “cram session” to bail out some homeowners.

'World News' Claims 'Free Market Didn't Work' in Bear Stearns Collapse

admin — Tue, 18 Mar 2008 17:41:20 +0000

Jeff Poor

In free market capitalism, especially in an event with the magnitude of Bear Stearns’s collapse, there are losers and believe it or not, there are even some winners.

“[S]o, the free market didn’t work here,” ABC correspondent Terry Moran said on the “World News” March 17 in a report on the downfall of Bear (NYSE:BSC). “Government did. And the question now is: will it be enough?”

Oops - CNBC's Cramer Said 'Don't Move' From Bear a Week Before Collapse

admin — Mon, 17 Mar 2008 19:19:20 +0000

Jeff Poor

Hopefully your financial portfolio didn’t include stock in Bear Stearns, but it might have if you had listened to CNBC’s Jim Cramer.

'Today' Sends Mixed Signals on Markets

admin — Mon, 17 Mar 2008 15:17:52 +0000

Nathan Burchfiel

The NBC “Today” show can’t seem to decide on an angle for its coverage of troubling developments on Wall Street over the weekend.

Host Matt Lauer declared a “Code Red” for the economy on March 17, reporting that Bear Stearns – once a highly respected investment bank – tanked last week and was bought by JP Morgan Sunday night for only $2 a share.

'World News' Criticizes Faith-Based Financial Adviser for Being Anti-Debt

admin — Mon, 04 Feb 2008 17:07:00 +0000

Jeff Poor

Striving to pay down debt might sound like a good idea, but to ABC “World News,” it means “radical belt-tightening.”

The February 3 “World News Sunday” featured the financial advice of Howard Dayton. Dayton incorporates Scripture into his advice and says it’s Biblical to get out of debt as soon as possible. But ABC “World News Sunday” anchor Dan Harris described that as “radical.” According to the report, Dayton has 2 million weekly listeners and urges everyone to give 10 percent to his or her local church.

A Tale of Two Cramers: CNBC Host Does Complete Reversal on Market Outlook

admin — Thu, 31 Jan 2008 22:40:59 +0000

Jeff Poor

One day, he says the stock market is supposed to drop 2,000 points; two weeks later, nah.

It’s funny how a 125-basis-point drop in the Federal Funds rate in two weeks will change someone from a completely downbeat bear to the most optimistic bull market cheerleader.

Dumpster Divers Against Bush: 'World News' Showcases Freeganism

admin — Mon, 17 Dec 2007 18:58:53 +0000

Jeff Poor

Prepare to be thoroughly disgusted: people are actually digging through businesses' garbage to dine on discarded food – all to make an anti-business statement.

Madeline Nelson, an executive-turned-freegan, was featured on the December 16 “World News Sunday” in a bizarre human interest segment. The segment showed Nelson serving a four-course meal, which included a mixed green salad, stuffed peppers, and a tofu cheesecake with strawberries.

The Medias Top 10 Economic Myths of 2007

admin — Thu, 06 Dec 2007 23:21:00 +0000

BMI Staff

See Executive Summary

10. Airlines are solely to blame for the unfriendly skies.
Media myth: Blame the airlines for all those flight delays; never mind the obsolete government-run agency creating the gridlock.

'Today' Tells Viewers Fall in the Stock Market Can Be a Good Thing

admin — Tue, 13 Nov 2007 18:02:41 +0000

Jeff Poor

You wouldn’t know it from the gloomy media coverage, but the stock market is up for the year. The Dow Jones Industrial Average (DJIA) is up a little over 5 percent for the year, but its volatility has been something of a distraction.

But Suze Orman, host of CNBC’s “The Suze Orman Show,” told viewers on NBC’s November 13 “Today” that if you’re investing for retirement, a lower stock market is exactly what you want.