A Flood of Katrina Insurance Coverage
New from the Business & Media Institute
A Flood of Incomplete Insurance Coverage
Many hurricane victims were uninsured or under-insured. As tragic as that is, the media are adding to the confusion by talking to "experts" who push for soaking the insurance companies and creating benefits that weren't paid in advance. Meanwhile, they're often missing the fact that the government-subsidized flood insurance program the only source of flood insurance is likely to have to borrow to cover Katrina's costs.
The Price of Recovery
Dr. Gary Wolfram, professor of economics at Hillsdale College and adviser to the Business & Media Institute, gives a lesson this month on how higher prices for some goods actually help in the aftermath of a disaster.
Ask the professor: Do you have a question about an economic issue covered in the news?
Lou Dobbs Lobbies for Unions to Bring Home the Bacon
CNNs Lou Dobbs Tonight is at it again, accusing big business of exploiting workers. This time its the suspension of the Davis-Bacon prevailing wage law in the hurricane rebuilding zone. Unsurprisingly, Dobbs turned to a union spokesman to explain how workers will be affected and ignored the racist history of the law.
The Good, the Bad & the Ugly
The Good, the Bad & the Ugly tracks the best and worst media coverage of business and economics. Readers are invited to submit suggestions or news tips to Director Dan Gainor.
This week: How businesses handle a disaster; how a network can use a disaster to make a political point; and, attacking a drug company for being responsible.
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