New from the Business & Media Institute
Media Myths: The Housing Bubble Is Bursting
The housing market is set to come crashing down or so the media say. The trouble is, theyve been saying it for four long years now. Even the Feds chairman and soon-to-be chairman have assured the public that local markets are where the action is, but the media continue the national hype. The Business & Media Institute debunks this media myth by taking a look at news coverage versus the reality of the still-strong market.
Bubble, Bubble, Its the Media in Trouble
Its hard to take journalists seriously when their predictions of doom keep coming out wrong. How many times will they say the housing boom has gone bust? And whos that singing Tiny Bubbles?
CBS Blows Hurricane Season Death Toll out of Proportion
CBSs Jim Acosta declared the 2005 hurricane season the deadliest of all time. That claim was far off the reality of several past hurricanes that killed more than 8,000 people.
**Stay tuned for an upcoming BMI Special Report on the medias linkage of hurricanes and global warming in the 2005 season.**
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: Post reports how states restrict medical technology; CBSs gas price reporting running on fumes; CNN reporters heap attacks on restaurant industry.
Also from BMI:
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Research, News & Commentary
Commentary: If Congress is serious about addressing economic growth and unemployment, writes The Heritage Foundations Andrew Grossman, it needs to re-authorize President Bushs soon-to-expire tax cuts.
Research: The Christmas holiday season upon us, the Tax Foundation releases a report which takes on the charity deduction for income taxes, noting most 501(c)(3) charities now benefiting from the charitable deduction are neither charitable nor providers of public goods.
Commentary: [T]he more we learn about the climate, the more it is clear our knowledge is just scratching the surface, writes CEI senior fellow Iain Murray at TechCentralStation. Murray adds that the Kyoto Treaty and other treaties like them are simple-minded.
Research: Carla Main details How Eminent Domain Ran Amok in the Hoover Institutions October/November 2005 Policy Review, tracing how the federal courts have turned a constitutional protection of free market capitalism into a cash cow for governments at the expense of economic liberty.