New from the Business & Media Institute
Media Myths: Global Warming is Causing Stronger Hurricanes
The 2005 hurricane season was destructive and tragic for thousands of Americans. Unfortunately, the media did a disservice by cluttering the coverage with sensationalized portraits of the storm season. Despite scientists repeated assurances that global warming wasnt to blame for this years storms, journalists continued to link the two. And those scientists werent the only ones who were ignored the historical record putting the 2005 season in context was also largely absent, as this new Business & Media Institute analysis shows.
Econ 101: Has the Economy Been Good or Bad?
No matter how hard the media try, they cant get the U.S. economy on the naughty list. And as BMI Adviser Gary Wolfram explains, the secret of its continued success is tax cuts.
Ask the professor: Do you have a question about an economic issue covered in the news?
Its Beginning to Look a Lot Like a Very Good Christmas
As a clichd broadcast journalist would say, those arent sleigh bells you hear; theyre cash registers ringing! But how can this be? The media told us wed get nothing but lumps of coal this year. From Black Friday to Cyber Monday and beyond, eager shoppers have been proving them wrong.
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 staff writer Ken Shepherd.
This week: The smell of good news in the morning; confusion on CNN; and Dobbs strikes on CBS.
Also from BMI:
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Research, News & Commentary
Research: Even though atmospheric carbon dioxide levels increased in the same time period, there was no net change in either the mean onset or duration of snow cover for the entire continent of North America from 1950 to 2002, reports the Center for the Study of Carbon Dioxide and Global Change.
Commentary: Japanese lawmakers recently were dealt a sharp lesson in the power of popular opposition to bad tax policy, writes the Tax Foundations Andrew Chamberlain. The economist argues the failure of the iPod tax in Japan is just the latest example of how the days of selective excise taxes as reliable revenue sources are numbered.
Commentary: James Womack of the Lean Enterprise Institute chalks up Detroits woes to labor unions and pension arrangements, which havent responded to the market, and urges the Big Three automakers to learn from Toyota.
News: The growth of school choice in Milwaukee has led to more than $118 million in spending on new and remodeled schools in Milwaukee reports Mike Ford for the Heartland Institutes School Reform News.