Business Coverage

Who's going to be the leader of the financial world in the role of Treasury Secretary under President Obama? It may be Democratic New Jersey Gov. Jon Corzine, who has pushed for an additional economic stimulus package to the tune of $300 billion to support infrastructure projects. CNBC's Carl Quintanilla asked Corzine outright on "Squawk Box" if he would accept a job in the Obama…

An Obama victory could boost conservative talk show hosts according to CNBC's "Squawk Box" this election day. The show was more skeptical over the future of left-wing talk. Always with the rhetorical questions, Joe Kernen got things started: Who is going to win in terms of the cable wars? ... Are we going to become totally nonpartisan now? Do you think that we will be able to bury all of our…

According to one UCLA economist, the U.S. is economically sound, but people have panicked because of "scary" warnings surrounding the $700 billion bailout. "Periods of crisis often beget bad policies," Lee E. Ohanian, an economist at the University of California, Los Angeles (UCLA) said in an interview with Reason.tv. The professor stressed that six weeks ago the fundamentals of the economy…

Wall Street is definitely watching all those polls the networks keep touting. CNBC's Erin Burnett told MSNBC's "Morning Joe" that Wall Street was predicting that Sen. Barack Obama will win the presidency, but an upset from Sen. John McCain might boost it: This market has priced in Obama, has not priced in McCain. Some people say that if McCain were to have an upset and win the market…

Washington Post reporter Sholnn Freeman frontloaded his October 31 business section front page article, "Airfare Surcharges Stay Despite Oil Price Drop," not on examining the valid business reasons for why some airlines retain the fee but in citing a liberal politician seeking to grandstand the issue.:When oil prices were rising rapidly, many financially-strapped airlines started adding special…

CBS's "The Early Show" got an early start on the grumbling Oct. 30.CBSNews.com and "Early Show" co-host Julie Chen warned viewers about flying the "pricey skies" this "hardly festive" holiday season because airfares have gone "way up." Chen said fares were "absolutely going through the roof." Chen served up the numbers: I want to put up two graphics that show how much prices have increased…

It's obvious The Washington Post's "Style" section is broadening it horizons beyond fashion, music, books and other fluff, plus of course - Howard Kurtz's media column and the comics. The editors of that section are tackling important events that changed history by commemorating them as milestones. The Post's Oct. 29 "Style" section allotted two-thirds of the front page to observing the 79th…

On Tuesday, Editor & Publisher released daily and Sunday newspaper circulation figures from the Audit Bureau of Circulations as of September 30, along with percentage changes from the preceding year. Showing that the press can't even report accurately about itself E&P's accompanying commentary vastly understated the situation:Most Major Papers Continue Circ DeclineAccording to ABC for the…

Sometimes former CEOs have a reason to be downbeat when they make predictions. Former Chairman and CEO of Citigroup Sanford Weill told CBS's "The Early Show" Oct. 28 that unemployment would hit 9 percent and that Wall Street CEOs "didn't deserve bonuses this year." It went something like this: Well, I think we've set in motion a whole series of events that is going to make the economy…

Sometimes government tries to fix the problem; then it makes the problem worse. In 2004, economists at the University of California, Los Angeles (UCLA), studied the policies of President Franklin Roosevelt's New Deal and determined it actually prolonged the Depression by seven years. Harold L. Cole and Lee E. Ohanian blamed anti-free market measures for the slow recovery in an article…

Who wrote the following?:"Societies in which the few are allowed to fatten themselves without limit on the labor of many are not just."A. Friedrich EngelsB. William AyersC. Michelle ObamaD. Timothy RuttenAny of the answers would make sense, but the headline kind of gave it away. It was Timothy Rutten of the LA Times who penned that immortal line in his column of today.  In doing so, Rutten echoes…

You know the news media is doing a poor job of covering Sen. Barack Obama and his running mate when a supporter of the Democratic ticket criticizes the media for giving them a "pass." Megan McArdle, a blogger for TheAtlantic.com who has said she's voting for Obama, slammed the media in an appearance on Reason.tv's "The Talkshow" for not bringing up Sen. Joseph Biden's past as a "corporate…

When Tony the Tiger gets fired, we'll know biofuel mandates have taken their toll. Correspondent Susan Koeppen said on "The Early Show" Oct. 23 consumers would be "paying more and getting less" for some food products they buy because companies are downsizing their products. "It's called downsizing," Koeppen on the CBS broadcast. "More and more companies are going to start shrinking their…

You have to give credit where credit is due. The lead editorial in the Oct. 20 Washington Post didn't declare free-market capitalism dead after the failure of several financial institutions led to massive government intervention - as a front-page story on its Oct. 10 edition declared. Instead, the editorial pointed out the how the market that failed wasn't exactly free to begin with. "The…