Greenlands glaciers are either growing or shrinking, depending on which study you read. The media took global warming off the back burner this week to hype an isolated study showing glaciers in Greenland are melting faster than previously thought. But in reporting the story, they ignored another October 2005 study showing Greenlands glaciers are increasing in thickness at higher elevations. They also ignored cyclical temperature patterns in the North Atlantic, which may explain increased glacier melting in southern Greenland. Leading off his February 17 front-page story, The Washington Posts Shankar Vedantam wrote that Greenlands glaciers are melting into the sea... continue reading
The Japanese have gone so gung-ho with energy conservation that some parts of that nation have turned off heat and leave workers freezing at their desks. Rather than criticize what would likely be illegal were it tried in America, Post reporter Anthony Faiola lauded it, suggesting perhaps no people serve as better role models than the energy-miser Japanese. That wasnt the story Faiola presented. Images of shivering workers, massive government regulation and enormous costs were commonplace in his February 16, front-page piece. To save on energy, local officials shut off the heating system in the town hall, leaving themselves and... continue reading
The day after Ben Bernanke testified for the first time as Federal Reserve chairman before Congress, his textbook co-author called for substantially higher taxes on gasoline. Robert Frank, a Cornell University economist and co-author of Principles of Economics, argued in his February 16 commentary that even free-marketers like the idea of hiking gas taxes to encourage alternative fuels. But casual readers of the Times may not be aware of Franks criticism of the 2001 Bush tax cuts, nor of his donations to the liberal advocacy group in 2004. According to the Federal Election Commission Web site, Frank a resident... continue reading
Boehner gave him a straightforward reply: Tim, we didnt. He explained that the budget-reduction measure signed by Bush would expand benefits for students, higher loan limits, lower origination fees, and yet reform the program and take $12.7 billion from those private lenders who run the program. But Russert continued to hammer him: But many Americans who see these headlines, Congressman, say, well, why tinker with student loans, why tinker with Medicare And again, why would you go after student loans . Likewise, USA Todays Sandra Block wrote in the February 3 edition that the bill cut $12 billion from student... continue reading
Since the early January Sago Mine tragedy, most media have generally slanted coverage of the U.S. mining industry in a negative direction focusing coverage on mining regulations as too weak, fines too smalls, or companies as too cheap to invest in safety equipment. That coal mining is a growing industry that pays well has been relatively unexplored by the media, but USA Todays Tom Vanden Brook did a good job of it in his Money section cover story in the February 15 paper. Coal, once derided as a dirty fuel, is hot, Vanden Brook writes, adding, Demand for coal to... continue reading
The New York Times has long made a habit of airing its disdain for big cuts in domestic spending and soaring profits at major oil companies. However, Edmund Andrews chose to reinvent the wheel by conflating the two unrelated issues in a front-page February 14 article: U.S. Has Royalty Plan to Give Windfall to Oil Companies. Andrews reductive thinking tied one of the biggest giveaways on oil and gas in American history to a congruent amount Bush is proposing to cut from Medicare, Medicaid and child support enforcement programs over the same period. Not only did Andrews eschew basic economics... continue reading
CNNs Lou Dobbs has often made the Outsourcing of America a focus of his nightly program, Lou Dobbs Tonight. But on the February 13 edition, Dobbs and reporter Bill Tucker went a step further, insinuating the federal government may be outsourcing U.S. port operations to a company prone to terrorist infiltration by allowing a firm from the United Arab Emirates (UAE) to run port operations within the United States. Excellent job of reporting, Bill Tucker, Dobbs thanked his correspondent, wondering aloud why the government sees no problems with having the United Arab Emirates, a company based there, take over our... continue reading
The weekend before Valentines Day, CNN business reporters showed their infatuation with class warfare as they courted a critic of corporate pay scales. None of the In the Money panelists, however, saved room on the dance card for a defender of corporate pay, which is set by market forces. Introducing Vanguard Group founder and mutual fund legend John Bogle for an interview segment on the February 11 program, In the Money co-host Jennifer Westhoven began by prompting Bogle to attack executive pay: John, I want to ask you first about big CEO pay since the 1980s. This has skyrocketed. A... continue reading
In New Hampshire on February 8, President Bush gave a simple lesson journalists could use. He compared slowing spending growth to driving the speed limit, rather than cutting spending, which would be like putting your car in reverse. The media, however, chose to steer readers wrong with an insistence on calling spending increases cuts and amplifying liberal outrage for not spending enough money. Medicare, Medicaid, and Social Security are getting funding increases, not cuts, in the 2007 budget, as The Heritage Foundations Brian Riedl explained in a February 6 analysis of the federal Fiscal Year 2007 budget, but the February... continue reading
After nine months of reporters such as NBCs Katie Couric prodding women to eat low-fat diets to prevent breast cancer, a new government study argues the hype was for nothing. Low-fat diets dont ward off breast cancer or heart disease, as was previously suspected. The broadcast news media mentioned the original study by the National Cancer Institute (NCI) roughly 20 times in the months following its May 17, 2005 release, according to a review of Nexis transcripts by the Business & Media Institute. In one such occasion, NBCs Katie Couric told viewers on the Sep. 28, 2005 Today show that... continue reading