With rumored 2008 presidential hopeful Mark Warners term of office drawing to an end, The Washington Posts Michael D. Shear recently chalked up Virginias steady economic performance Bipartisan-Minded Governor Broke Tax Vow but Revived Va. read the articles subhead to the Democratic governors campaign pledge-breaking tax hike. Unlike his reporting in a February 2005 article on the Virginia budget surplus, however, Shear downplayed dissenting conservative arguments that Virginias tax increase was unnecessary to plug the states budget deficit. Shear cited Republican legislators cooperating with the Democratic governor on tax hikes as eschewing partisanship for The Virginia Way. He turned a... continue reading
An on-screen caption during the segment reported the actual average to be 13.4 percent, according to The same Web site accessed at time of publication showed the average rate Americans are paying on credit cards is from 9.8 to 13.55 percent. None of the In the Money crew corrected Mierzwinskis error. While Serwer agreed with Mierzwinski that the newly-enacted minimum balance requirement is a good policy because it forces heavy credit card spenders to pay back more of their debt each month, he also tag-teamed with him to attack the banking industry, asking why Congress doesnt impose a national... continue reading
Getting an accurate portrayal of the 2005 Christmas shopping season is like gathering information on that new Italian restaurant youve heard about but want to try out for yourself. You want to get a wide range of opinions before you make up your mind. If you rely on one particularly bad review without having heard good reviews, you might end up missing out. Unfortunately, the media lately have focused on one review of the shopping season while leaving out more positive assessments done by other researchers. In focusing exclusively on analysis from the International Council of Shopping Centers (ICSC), the... continue reading
BioWillie. Its not a genetically modified country singer; its a new alternative fuel. And as the media have reported on Willie Nelsons crop-based energy business venture, some journalists have been caught up in his celebrity and overlooked the fuels problems. American Morning reporter Carol Costello fueled interest in Nelsons new endeavor on the December 30 CNN show: Willie Nelson, he's got a brand new career. Now hes selling fuel. Hes making biofuel; its made from any number of crops. She continued, Nelson says it not only helps the farmers but it is an anti-war statement. Miles OBrien then said, wed... continue reading
Closing his story with a warning from an unnamed former miner that new safety laws are often written in blood, NBCs Martin Savidge presented viewers of the January 4 Nightly News broadcast with a one-sided call for more federal regulation of coal mining. Savidge didnt include any company officials or federal regulators, and he failed to point out that federal mine inspectors finished their final 2005 inspection of the Sago Mine a little more than a week before the accident took place. Anchor Brian Williams introduced Savidges piece by suggesting that the Sago Mine accident in West Virginia was already... continue reading
Maybe Serwer Needs Another Cup of Joe CNN reporter flubs statistic on coal, despite correct graphic on-screen By Ken Shepherd Business & Media Institute Jan. 04, 2006 Saying we mine coal because we need it desperately for energy in this country, CNNs Andy Serwer goofed on a statistic about just how much electricity is generated in the U.S. from coal-fired power plants. Ninety percent of our electricity comes from coal, the Fortune magazine editor and CNN contributor said during a Minding Your Business update on the January 4 edition of American Morning. continue reading
CBS anchor Bob Schieffer used vehement coal industry critic Jeff Goodell as an unbiased expert on the coal industry in an in-studio interview on the January 3 Evening News. The very next day, however, Goodell, who will soon release a book critical of the coal industry, ran an op-ed in the New York Times entitled Black Gold or Black Death, in which he attacked the coal industry while portraying miners as victims of corporate greed working extremely unsafe jobs. According to that op-ed: [T]here is nothing pretty about coal, as we have been grimly reminded by the plight of the... continue reading
This pessimism continued right through Christmas day, even when the news began to come out that sales through December 24 were quite respectable. As Reuters reported on December 26: U.S. consumers spent 8.7 percent more during the just ended holiday shopping period than in the comparable period a year ago, according to a report from an affiliate of MasterCard Inc., the Wall Street Journal reported in its online edition on Monday. Yet, the same day this data came out, CNNs John Zarella on Live Today offered this: And you know, retailers are saying that the pre-Christmas sales in general, nationwide,... continue reading
Two million jobs were added in 2005; Novembers initial job growth was revised upwards by more than 40 percent of the original estimate; and unemployment dropped below 5 percent, according to Bureau of Labor Statistics data released January 6. CNNs Andy Serwer delivered the whole story that featured job growth in December and a huge revision in November. But NBCs Today show gave the news a passing mention that ignored 90,000 of the new jobs created. NBCs Ann Curry summed up the latest unemployment report, which was released at 8:30 a.m., with a three-sentence mention on the January 6 shows... continue reading
Shes no Miss Cleo, but CBSs Sharyn Alfonsi polished off her crystal ball to issue a cloudy economic picture for 2006 on the New Years Day edition of the "CBS Evening News". A broad consensus of economists consulted by The Wall Street Journal and Reuters, however, predict another strong year for the U.S. economy, with lower inflation and strong growth in Gross Domestic Product (GDP). Introducing her January 1 report, the CBS correspondent began with an anecdote about how 19th century financier J.P. Morgan once wisely remarked that the stock market would fluctuate when he was asked to predict its... continue reading