The Balance Sheet

New from the Business & Media Institute Here a Cut, There a Cut Media coverage is filled with wailing over budget cuts to still-growing federal programs. According to some journalists, kids wont be able to go to college and have a future because of reductions in student loan programs. But theyre missing perspective in the political cutting war. Commentary: Cable Firms Prefer One Choice Theirs Do you watch all of your 100 cable channels? No? Wouldnt it be great if you paid only for the channels you want? The market is eager for a la carte cable, but the industry... continue reading
New from the Business & Media Institute The Nuclear Option When you hear about nuclear energy these days, its usually in reference to rogue states and/or terrorists. But the president mentioned nuclear powers possibilities for weaning the United States off an oil addiction, and the media could educate the nation about those possibilities. Instead, they tend to focus on the scary unknowns which will remain scary as long as the facts are hidden. Econ 101: What Happens When We Subsidize Alternative energy is the subsidy du jour, following the passage of the 2005 energy bill and Bushs renewed focus in... continue reading
New from the Business & Media Institute Health Savings Accounts: Opportunity for Consumer Control The media are back on the fear and loathing trail, and this time its about health savings accounts. But unlike Social Security accounts, they cant stop these from going into effect theyre already available. The media are supporting many arguments against HSAs and leaving out key facts. Commentary: Bravo for the Maestro As the Federal Reserve transitions from Chairman Alan Greenspan to Ben Bernanke, the pundits have been buzzing. What was Greenspans greatest achievement? Guest columnist Dr. Don Boudreaux, head of the economics department at George... continue reading
New from the Business & Media Institute Media Myths: Hit Job Networks Emphasize Layoffs in a Year of 2 Million New Jobs A little more than half of the network stories on employment in 2005 were bad news. Layoffs, outsourcing, cutbacks. While the nation experienced hardships from Hurricane Katrinas devastation and the auto industrys trials, the overall picture of U.S. employment was a very positive one. The unemployment rate dropped to 4.9 percent, while the country enjoyed the latest in a 31-month streak of job growth. But watching the evening news, youd never know it, as the Business & Media... continue reading
New from the Business & Media Institute Pension Promises: The Death of the American Dream? More companies are realizing that guaranteed pension benefits arent as guaranteed as they once thought. As workers live longer, programs are strained and more businesses are moving toward employee contributions and away from company-funded plans. The medias conclusion? Well all have to work at Wal-Mart in our old age, as loyal workers have their pensions yanked from them by big business. Herman Cain: Own Your Own Retirement Despite media skepticism, American workers are capable of handling their own retirements. They just need the tools available... continue reading
New from the Business & Media Institute Media Quick to Blame Industry for Mining Tragedy Reporting on the Sago mine accident has been too hasty from the beginning. With the explosions cause unknown and the investigation stretching out ahead, journalists havent wasted any time in blaming the International Coal Group and its head, Wilbur Ross, whom ABC called cheap. The media have opted to go with readily available and opinionated union sources instead of waiting out the facts. Econ 101: How Do Tax Cuts Work? History is clear: tax cuts create economic growth. Dr. Gary Wolfram explains why tax breaks... continue reading
New from the Business & Media Institute Media Mantra: Unhappy Holidays The media declared shoppers Scrooges this Christmas season, but early numbers indicate the retail holidays were merry. Online sales alone were up an estimated 30 percent from last year. The Business & Media Institute takes journalists to task for sticking to the lumps-of-coal theory. Commentary: Fear and Loathing in Business News Thanks to news reports, Americans are suffering from the fear of everything. Pick any letter of the alphabet and youll find something to make you run and hide from avian flu to a bust in housing or cloning... continue reading
New from the Business & Media Institute If Inflation Falls in the Forest When no one reports good news, does that mean it didnt happen? Of course not. And the biggest decline consumer prices have seen in 56 years is pretty big news. Unfortunately, the media paid a lot more attention when inflation rose back in September. Commentary: Boo-Hoo Economics The media found plenty to cry about in 2005. But if they could stop spinning economic positives as negatives, maybe they would realize they could put away their hankies for awhile. The Medias Top 10 Economic Myths of 2005 Dont... continue reading
New from the Business & Media Institute The Medias Top 10 Economic Myths of 2005 Whats your vote for the worst distortion of business and economic news in 2005? The bursting housing bubble? Gas prices killing the economy? Americans being stingy with foreign aid? There were plenty to choose from. See how the Business & Media Institute ranked the top 10 worst media myths of the year and how we debunked them. Herman Cain: A Whale of a Tale The media must think were stupid because they keep telling us the same wrong stories over and over. BMIs list of... continue reading
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. Get our Fact Sheet... continue reading