New from the Business & Media Institute
Lobbying for Extra Credit
Bankruptcy reform took effect this week, despite the medias arguments against it. The Business & Media Institute took a look at network coverage of the bill, from proposal to law, and found the networks using victims of Hurricane Katrina to lobby for a delay. Calling bankruptcy a fresh start and a safety net, journalists failed to consider the new law as a curb on abuse of the legal system.
Flat-Out Un-Fair: Tax Fix More than a Four-Letter Word
The presidents panel on tax reform was supposed to simplify the tax code. Instead, its suggesting more of the same having government pick the winners and losers in the economy. Its proposals wont aid growth or create jobs, but they will disappoint taxpayers who thought the panel could make a difference.
Auto Workers Benefits: Catching Up with the Times
The United Auto Workers union and General Motors Corp. are embroiled in a legal battle over health benefits. The media have tried to suggest that the automakers attempt to have its workers pay a portion of their health coverage is something new and terrible that will bring trouble to other industries and the economy in general. The problem with that reasoning is that GM is only catching up with what other companies have been doing.
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: A fair view of FairTax; the problem with calling for government aid; and why the Four Horsemen are over the top.
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Social Security Reform