No matter how much conservatives might resist, some issues seem to call for federal intervention. Imagine something so important that threats to a particular industry are endangering our children’s future. One scary multibillion-dollar cabal of companies has huge influence in Washington, and its ads tell you what products to use every day. The firms involved typically report double-digit profits, a favorite complaint of anti-business types. I’m talking about health care, right? Wrong. I’m talking about the media. After all, if the journalistic prescription for nationalized health insurance is such a good idea, then why not apply the same remedy to... continue reading
This fall’s new shows are serving up some juicy stories of the twisted lives of businessmen, from “Big Shots” to “Dirty Sexy Money” and “Cane.” Everywhere you look on TV – whether it’s primetime dramas or the evening news – businessmen are in trouble. The Business & Media Institute’s latest study, “Bad Company III: For American Businessmen in the News, the Defense Never Rests,” is the latest proof. When businessmen appear in the news, it’s often because they’ve committed a crime or there’s a company problem like a product recall. And when they’re on TV shows, they’re often the villains... continue reading
“Armageddon.” “Collapse.” “Recession.” The media have been crying wolf about bad economic news throughout the four-year recovery. Now that they finally have some legitimate bad news, you can expect journalists will huff and puff even louder. Almost over night we’ve gone from the mainstream media crying wolf to claiming that very same wolf is at the door. Welcome to the Little Red Riding Hood Economy. How bad are things according to journalists? Bad enough to sell your children or turn your suburban home into a brothel. Only one of those was made up. According to one CBS affiliate story, “Housing... continue reading
The difficulties in the subprime lending market are beginning to generate a chorus for a bailout of the mortgage industry. The media emphasize stories of people losing their homes to foreclosure and potential panic as adjustable-rate mortgages are adjusted up. Yet a bailout, however structured, would be a bad idea. As Sherlock Holmes told Dr. Watson in “Scandal in Bohemia,” one problem is that we see but do not observe. For every homeowner who loses his home and moves into a smaller home or a rental, there is another homeowner who moves into that home and out of a smaller... continue reading
You say you want a revolution? OK, you don’t, but the extremists on the left certainly do. A “green revolution?” A “health care revolution?” How about just a good, old-fashioned blood-in-the-streets kind of “revolution?” Economic, political, social, they can’t decide on what, but they sure want one. The term “revolution” has returned to common usage among the ’60s leftovers and wannabes that now lead what has become the “populist” movement. There’s Michael Moore urging his followers to “start the revolution” for government-controlled health care. Nutrition zealot Marion Nestle celebrates “the food revolution,” complete with references to Marx, Lenin and Stalin... continue reading
Imagine basing a country’s energy and economic policy on an incomplete, unproven theory – a theory based entirely on computer models in which one minor variable is considered the sole driver for the entire global climate system. This is precisely what Al Gore, Senate Environment Committee Chairman Barbara Boxer and others want their nation to do. They expect Americans to accept on blind faith the thesis that human carbon dioxide (CO2) emissions are causing catastrophic climate change. Boxer, Gore and their allies readily resort to emotional bullying against anyone who dares question this dogma. Their pronouncements – Boxer’s juvenile “the... continue reading
It has been a topsy-turvy few weeks for the stock markets, as fear of tightening credit markets fueled by prime and subprime mortgage woes have frightened the news media. The business media have been alternately hysterical and calm about the current economy. Free-market economists have mixed views on how good or bad things really are. But there’s one thing most agree on – government action is not the solution. The Business & Media Institute talked with several economists and financial advisors to get their perspectives on hot questions about the state of the markets. How did this happen? “There clearly,... continue reading
There used to be a delay between tragedy and people trying to capitalize on it. Used to be. But as terrifying and horrible as the I-35W bridge collapse is, it’s quickly become political leverage as tax-and-spend liberals line up to do just that. And the media might even be worse. In the aftermath of our latest national tragedy, the mainstream press has already called for the Big, Bountiful Solution – the Big BS for short – more taxes. Before families even get a chance to mourn, we are told to open our wallets, not our hearts. When the House of... continue reading
The scene is reminiscent of “Casey at the Bat.” It’s the ninth inning, two out and two strikes against the batter. Still, somehow, Rupert Murdoch smacks the ball out of the park with one crack of the bat. Murdoch’s months-long pursuit of Dow Jones, parent of The Wall Street Journal, comes down to one hotly contested vote. And he is victorious. The real game in New York this year isn’t the Yankees, so far back they are about as close to the lowly Orioles as they are to the division-leading Red Sox. Murdoch’s quest for the Journal is the only... continue reading
You can never be too thin or too rich. That’s always been the case – until the mainstream media started counting. They like us all Hollywood-thin, but like our wallets that way as well. Journalists set almost mystical limits on how much wealth is too much. And if you have money, you need to devote it to the right, or I should say “left,” causes. If you don’t do the right thing, the media brand you as “super rich,” part of the new awful elite who not only dare to earn, but dare to spend and enjoy life. It’s all... continue reading