New from the Business & Media Institute
Media Wont Rest until Taxes Are Raised
Were fighting terrorists. Were rebuilding the Gulf Coast. Can we do all this without tax increases? is the media refrain. In post-Katrina tax coverage, 59 percent of network news stories suggested raising taxes. They turned to everyone from Bill Clinton to the man on the street make the case.
Econ 101: Should the Government Plan Cities?
Dr. Gary Wolfram, professor of economics at Hillsdale College and adviser to the Business & Media Institute, explains why property owners in the storm region are the best ones to decide what happens next.
Ask the professor: Do you have a question about an economic issue covered in the news?
Fannie Mae Scandal Grows and Networks Do Nothing
Network news is still missing a financial scandal that is exponentially larger than Enron. Fannie Maes $10.8 billion accounting debacle that has helped slice $30 billion in value from the company grew worse on September 29 when The Wall Street Journal reported investigators had found new accounting violations, including evidence that the company may have overvalued assets, underreported credit losses and misused tax credits Despite this, ABC, CBS and NBC still talked about past events at Enron more than current events at Fannie Mae.
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: Good guy lawyers; 60 Minutes goes off track on NASCAR; and the media overestimate job losses from Katrina.
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