The Balance Sheet

Too Little, Too Late - Media Discover Mercury in Fluorescent Bulbs First it was ethanol a corny government mandate thats not all it was cracked up to be. Now its light bulbs. The major networks overlooked the mercury in the newly anointed CFLs until after traditional incandescent bulbs were effectively banned by Congress. Its full speed ahead on another green mandate that brings a host of new problems. The Real Gas Threat - from OPEC Americans worried about gas prices should look overseas to the supply-controlling cartel. Here's a peek inside. G: CNNs Velshi bucks trend on housing doom: upturn... continue reading
Media Myth: Crude Coverage The media are making constant references to economic days gone by. Theyve exaggerated scares of another Great Depression or 70s-era stagflation. But theres a real 70s villain still alive and well: OPEC. BMI compares coverage of Big Oil companies to the cartel. (Click image for a larger version) G: CNBCs Maria Bartiromo asks for balanced reporting B: NBC: cap-and-trade magically to make solar energy affordable U: CNBCs Cramer says Bear Stearns not in trouble week before collapse continue reading
ElectionWatch: Clintons Rate Foreclosure Freeze Could Cause Chaos While the Democratic candidates battle it out, the media havent gone very in-depth about their respective mortgage bailout plans. Economists say Clintons could cause a financial and legal disaster, while Obamas is another massive giveaway/redistribution of taxpayer money. Man the Lifeboats - Global Warming Alarmism Is Swamping Debate Media ignore opposition, call scientists 'flat Earthers' to sink climate change dispute. G: USA Today reports job market not so bad for grads B: CBS finds another culprit in home hardship story race U: NYT scoffs at 400+ 'skeptical' scientists, elevates 44 green Baptists continue reading
A New Special Report from BMI: Global Warming Censored Consistently viewers are being sent only one message from ABC, CBS and NBC: global warming is an environmental catastrophe and its mankinds fault. Skepticism is all but shut out of reports through several tactics omission, name-calling, the hype of frightening images like polar bears scavenging for food near towns and a barrage of terrifying predictions. Caps and Trade-offs: Presidential Candidates Embrace Massive Penalties for Emissions All three frontrunners have declared support for energy legislation that would cost consumers and businesses lots of money. Guest columnists from the National Taxpayers Union Foundation... continue reading
ElectionWatch: Networks Downplay Earmarks, Despite Millions Spent by Clinton and Obama Oink, oink. Did you know that Congress used earmarks to spend $18.3 billion of your money on pork projects in fiscal year 2008? Presidential candidates Clinton and Obama both helped spend the money, but you might not know if you were watching the network news. Populist 'Outrage' Forgets People Behind American Business Clinton and Obama want to stick it to The Man - but just who is The Man? G: Ramsey calls stimulus plan one more 'step toward Socialism' B: NBC misses mark with $4 gas prediction U: CNN... continue reading
Consumer Confidence: Only News When It's Low(er) The media love to talk about the governments measure of consumer opinion about the economy but only when its terribly low, according to their reports. When it hits highs, broadcast viewers dont hear about it. Just how low or high is the index right now? BMI puts it all in context. G: ABC shows successful Walgreens distribution center employing disabled B: Couric proposes that stamps are a safer investment U: Good Morning America warns recession fears causing a spike in arson continue reading
The Worst-Case Economy Reporting Handbook Broadcasts are filled with sob stories about economic woes of "average Americans." But most of those featured are hardly "average," and there's more to their stories than meets the eye. BMI highlights some of the worst-case scenarios and blame-shifting. Special Invitation for CPAC 2008 Attendees Please visit the Exhibit Hall on Thursday, February 7 at 11:30 a.m. to meet L. Brent Bozell III, MRC President & Founder and author of the recently published book, "Whitewash: What the Media Won't Tell You About Hillary Clinton, But Conservatives Will." Brent will be there in person to sign... continue reading
ElectionWatch: Hey Big Spender! Media Fail to Report Cost of Campaign Promises How much does universal health care cost? What about bailing out troubled homeowners? Presidential candidates have promised hundreds of programs you havent even heard about, thanks to the media. Working with the National Taxpayers Union Foundation, we reveal what your favorite candidate could cost. Which Candidate Will Pay the Most for My Vote? Media encourage people to view themselves as victims of the economy, looking for handouts from the next president. G: ABC shows boom in Texas, a place not plagued by economic downturn B: Matthews uses high... continue reading
Media Stimulate Recession and Tax Rebate Frenzy by Twisting Fed Chairman's Words Its economic stimulus packages galore in the media since Fed Chairman Ben Bernanke spoke about the idea. But when reporters used his testimony to confirm recession fears, they distorted and exaggerated what he said. Econ 101: What does 'Recession' Mean? Economics Professor Gary Wolfram explains: we don't even know we've been in one until we're out. G: CNBCs Cramer calls for balanced economic reporting B: Post finance columnist fawns over Clinton proposal for debt bailout U: U.S. News editor compares credit crisis to the Great Depression Episode 102:... continue reading
ElectionWatch: Media Ignore, Misreport 'FairTax' amid Huckabee Surge Republican presidential hopeful Mike Huckabee saw a groundswell of support for his candidacy, including his endorsement of the FairTax, a national sales tax that would replace the federal tax system. But as voters in Iowa pushed it forward, the media bashed the plan in misleading reports. The Oops and Downs of Economic Predictions The public has to be confused as the media over-predict downturns and gas-price spikes but lack accuracy. G: ABC showcases boom in Texas, a place not plagued by economic downturn B: Matthews uses high price of gold to bash... continue reading