Stock Market
CNBC Asks Limbaugh About His Bipartisan Stimulus Plan
January 29th, 2009 1:18 PM
On Thursday, NewsBusters asked, "How Will Media Cover Rush Limbaugh's Bipartisan Stimulus Plan?"Moments later, we got our first clue as the conservative talk radio host was interviewed by CNBC's Erin Burnett and Mark Haines.UPDATE: Better functioning video now embedded; bonus "Fox & Friends" interview video also added at end of post.Most fascinating, Burnett, who has come across as left of…
How Will Media Cover Rush Limbaugh's Bipartisan Stimulus Plan
January 29th, 2009 10:48 AM
Conservative talk radio host Rush Limbaugh wrote an op-ed in Thursday's Wall Street Journal wherein he offered a bipartisan stimulus plan to get the economy going.As not one Republican voted for President Obama's economic package in the House Wednesday despite his campaign promises to usher in a new era of bipartisanship, given the media's focus on Limbaugh of late one would expect his now-…
George Stephanopoulos Recites Dem Talking Points on Economy
January 21st, 2009 4:06 PM
"This Week" host George Stephanopoulos appeared on Wednesday's "Good Morning America" to claim that the stock market's 330 point drop on Inauguration Day indicated the need for a swift confirmation of Timothy Geithner as Treasury Secretary. Stephanopoulos, a former top Democratic aide, asserted, "The reason they want to get Geithner confirmed and in place so quickly, they want to have a complete…
Markets Greet Obama With Worst Inauguration Day Selloff In History
January 20th, 2009 4:43 PM
Barack Obama not only made history becoming the first black President of the United States Tuesday, but he was also inhospitably greeted by the biggest January Inauguration Day stock selloff ever.At the closing bell, the Dow Jones Industrial Average was down over four percent, with the S&P 500 and NASDAQ indices plummeting more than five percent.As the Wall Street Journal's MarketBeat blog…
Last Year Tough for Print Media as Newspapers Lose $64B in Share Value
January 2nd, 2009 3:00 PM
Some call it "the dead tree edition" of the news media. But as 2009 dawns, trees may not be the only casualties.Newspaper companies as an investment are less lucrative than they once were. Alan D. Mutter, a Silicon Valley CEO, pointed out on his blog that newspaper companies took a hit in 2008 in terms of share value to the tune of $64 billion. "In the worst year in history for publishers,…
Investment News's Coverage of NYT Blog Post Criticizing Ave Maria Fund
December 31st, 2008 9:37 AM
By now, many readers know the New York Times's definition of a "good Catholic."A good NYT Catholic doesn't necessarily need to go to Church very often. He or she focuses on the importance of alleviating poverty and other world problems, almost invariably through government handout programs and not individual or private charity. Despite the long standing of "just war" guidance, this person opposes…
Media May Have Played a Role in Madoff Scandal, Says CNBC Contributor
December 23rd, 2008 2:09 PM
Is it possible the financial media played a role in facilitating the alleged $50 billion Bernard Madoff Ponzi scheme? An interesting theory by Jon Najarian, CNBC analyst and cofounder of optionMONSTER, contends that they very well may have unwittingly done just that. Madoff, he believes, used media publicity to lure investors to his scheme. As Najarian explained on CNBC's Dec. 22 "Fast Money,"…
Madoff Gives Us Lots to Think About This Christmas
December 23rd, 2008 10:11 AM
This is a timely op-ed from Dan Gainor of BMI.Christmastime is the time of giving. So we can thank Bernie Madoff for giving Americans some special gifts this holiday season.Yes, I said thank him. OK, maybe not a lot. But the one-time financial wizard's downfall is a morality tale that provides so many lessons it's almost impossible to know where to start. If you've been living under a rock, the…
Kudlow Lashes Out at Bailouts in Wake of Autos/Bush Proposal
December 19th, 2008 5:57 PM
Feeling a little bailout fatigue? Tired of the assault on the taxpayer from the federal government to pacify those influenced by the United Auto Workers? CNBC's Larry Kudlow feels your pain. Call this red meat for the troubled anti-bailout soul. Kudlow, now performing a role as a co-host on CNBC's mid-morning program "The Call," blasted the Union Auto Worker, President George W. Bush, Treasury…
GM PR Advisor Appears as 'Auto Analyst' to Argue for Bailout
December 18th, 2008 1:48 PM
Full disclosure, you can take the day off. CBS's "The Early Show" included a statement in its Dec. 18 report on the Big 3 bailout from "auto industry analyst," Dan McGinn. Letting the massive car companies fail "would be like 10 Katrinas hitting America at the same time," McGinn asserted. "The American public understands that." What the report didn't say is that McGinn is also an adviser…
Maddow Frustrated by Lower Goldman Sachs Tax Rate, Leaves Words Out of
December 18th, 2008 12:25 PM
In an attempt to play Main Street against Wall Street, Rachel Maddow mocked and criticized the rate at which Goldman Sachs was taxed this year. The MSNBC host of "The Rachel Maddow Show" lamented that the investment bank Goldman Sachs, which reported a $2.12 billion dollar loss for the fourth quarter ending Nov. 28, paid only 1 percent in taxes for the entire year during her Dec. 18 show. "Five…
Krugman Admits He's Enjoying Opining More About the Financial Crisis T
December 8th, 2008 5:34 PM
If print is becoming journalism's dying backwater, Paul Krugman isn't showing it. In a Dec. 6 interview in Stockholm, Sweden, the Nobel Prize-winning New York Times columnist told the ironically named Adam Smith, editor-in-chief of Nobelprize.org, that he found himself more effective in his role at the Times lately He said he was more influential in shaping policy as a journalist than he would…
Bernanke Speaks, Dow Sheds Triple-Digit Points Again
December 4th, 2008 4:43 PM
When Federal Reserve Chairman Ben Bernanke speaks, Wall Street listens - and investors should beware. The Dow Jones Industrial Average (DJIA) has lost over 2,500 points on days he has spoken, including three of the worst point losses ever. Today's drop in the Dow of 215 points is the 14th time out of the last 20 times the Dow has lost ground on a Bernanke has spoken over the past six months.…
Time Editor's 'Case for Saving Detroit:' Autos 'Too Big to Fail
December 4th, 2008 4:38 PM
"Talk about too big to fail," said managing editor of Time Richard Stengel on MSNBC's "Morning Joe" Dec. 4, who was on the program promoting the latest cover story for the magazine entitled, "The Case for Saving Detroit." Stengel: "I find the fact that so many Americans are unsympathetic to Detroit to be kind of amazing," Stengel said: We make the case that in fact the, you know, the Big…