<p><img src="http://media.eyeblast.org/newsbusters/static/2009/07/TIME_salk_jonas.jpg" vspace="3" width="136" align="right" border="0" height="180" hspace="3" />The left is constantly arguing for so-called “fair trade” to make up for previous unfair financial practices. “We need economic justice,” they scream.<br /><br />I agree.
Dan Gainor, The Boone Pickens Free Market Fellow and Vice President for Business and Culture for the Media Research Center, is a veteran editor with two decades’ experience in print and online media. He has served as an editor at several newspapers including The Washington Times and The Baltimore News-American. Mr. Gainor also has extensive experience in online publishing – holding the position of managing editor for CQ.com, the Web site of Congressional Quarterly, and executive editor for ChangeWave, published by Phillips International. He has worked in financial publishing in his last two positions, launching new services for ChangeWave and Agora Inc. Mr. Gainor holds an MBA from the University of Maryland Robert H. Smith School of Business and a master’s in publications design from the University of Baltimore. As an undergraduate, he majored in political science and history at the University of Maryland Baltimore County. Mr. Gainor volunteers as a media and issues speaker with the Close-Up Foundation.
<p><img src="http://media.eyeblast.org/newsbusters/static/2009/07/napoleon.jpg" alt="portrait of Napoleon Bonaparte | NewsBusters.org" vspace="3" width="115" align="right" border="0" height="195" hspace="3" />Nearly 200 years ago, emperor Napoleon came back from exile and re-conquered France without firing a shot. His conquest of Europe failed when Napoleon, in proper English terms, was soundly thrashed at Waterloo by the Duke of Wellington.<br /><br />Napoleon might be long gone, but <a href="http://www.foxnews.com/opinion/2009/07/08/time-obama-meet-waterloo/" title="Gainor on another Waterloo" target="_blank">President Obama is doing his best to fill his boots.</a> Sure, he's taller. And instead of hiding his hand in his shirt, it's either in our pockets or signing bills and spending money. But his aims are very similar -- power and control. Just as the French army was Napoleon's personal guard, Obama's followers resemble more of a personality cult than a political party. If he wins, ordinary citizens lose and government grows ever larger.<br /><br />In the years since Napoleon lost at Waterloo, that battle has become the metaphor for epic defeat. Today, conservatives avoid the same kind of major confrontation with the popular Obama for fear of being crushed and sent into political exile. Rather than risk losing, phony conservatives are helping Obama by voting for his massive increases in government.<br /><br />That's entirely the wrong strategy. If Waterloo was a major defeat, it was also a major victory. That battle should have taught us that even a man who conquered much of Europe can be defeated. For every Napoleon, there is a Wellington who goes down in history as an epic winner.
In the run-up to Obama’s election, journalists were promoting him as a “post-racial” candidate. Now with the nomination of Sonia Sotomayor for Supreme Court we know that both the media and the candidate were lying to us.As USA Today columnist DeWayne Wickham wrote on May 5, 2009, “For many people in the USA, Obama's election ushered in a post-racial era that was expected to push race to the back burner of our national consciousness.” But his presidency isn’t “post-racial.” It’s not just the obvious identity politics where craven political calculations are used to pick candidates of appropriate age/race/gender/class/shoe size. It has to do with Obama’s stance on using racism to correct racism.That position was evident in Obama’s deliberate choice of Sotomayor who figured prominently in a major case of racial injustice. The case in question – Ricci v. DeStefano – involves 18 New Haven, Connecticut, firefighters who sued because they were blatantly discriminated against because of their race. The 17 white and one Hispanic firefighters took the lieutenant’s and captain’s exams and, when they did well and black firefighters did not, the city canceled the results. On appeal, our likely next Supreme Court “justice” ruled against the men even though the evidence was stacked on their side.
President Barack Obama has congressional approval to spend the second half of the $700 billion Troubled Asset Relief Program (TARP) money. But before Americans are asked to spend another $350 billion, it is up to government to account for the massive spending that has already occurred. The question at stake: Where exactly is the money? While both Bloomberg and the Fox Business Network have filed suit to force the government to tell where this money has gone, the rest of the news media have remained largely indifferent to the answer. Journalists have failed to investigate what may be the most extravagant federal spending in our nation's history and at a time when taxpayers can least afford wasteful government programs. With a separate $825-billion stimulus plan in the works, government transparency is essential. Yet the government has provided zero accountability to track the billions of dollars and whether the money will stimulate the economy and create the jobs promised. Media Research Center President Brent Bozell said it is up to rest of the media to do their jobs. "Other news outlets need to follow the lead of Fox Business and Bloomberg and ask the hard questions here. They must hold the Obama administration accountable for how $350 billion was spent before Americans have to come up with another $350 billion."
You would think even Playboy magazine had limits. It doesn't.
The famous skin magazine found a way to attack Christians and push porn at the same time. The magazine's Mexican copy featured "a model wearing nothing but a white cloth over her head and breasts," according to Reuters Life. "The magazine, which hit newsstands on December 1 as ceremonies began leading to Friday's pilgrimage to the Mexico City shrine of the Virgin of Guadalupe," the article continued.
On the cover: "We Love You, Maria" in Spanish. The company printed 100,000 copies of this outlandish Christmastime cover. Another picture inside the magazine apparently features her standing in front of stained glass - just in case you missed the offensive comparison.
The outcry was appropriately swift. Even Playboy can admit something goes too far - afterward.
Low gas prices are a boost to the economy and a reason for Americans to give thanks this holiday, but they’re bad for environmentalists who want government mandates for alternative energy, according to Business & Media Institute Assistant Editor
“[T]hese prices are good for the American people, they’re good for the American economy, but they’re bad for environmentalists who want to use the government to make these cheaper, more efficient forms of energy more expensive so that the more expensive, less efficient forms of alternative energy are more appealing,” Burchfiel said on CBN “Newswatch” Nov. 25. “And that’s government manipulation of markets and it’s just not what we need right now in an economy that’s struggling.”
The national average price for a gallon of regular gasoline was $1.89 Nov. 25. It was down more than 50 percent from an all-time high of $4.11 in mid-July, and about 40 percent from the Nov. 2007 average of $3.09.
Are some in the media enjoying the down Dow? It certainly seemed that "Good Morning America" co-anchor Chris Cuomo was embracing a bit of schadenfreude during the Oct. 24 show - seemingly relieved he could find "some comfort" that other nations are undergoing economic problems just like the United States.
As the markets were beginning a very downbeat start, reporter Bianna Golodryga detailed the latest financial turmoil, including problems abroad.
"Another example came out this morning," she said. "We hear from the U.K., where they said that the GDP, the economic growth in that country, has slowed dramatically. And they are, in fact, probably entering a recession right now."
Kennedy cites former Hewlett-Packard CEO Carly Fiorina, who created a stir when she said none of the candidates were CEO material. He then fills in the gaps in the leadership record of all four people on the tickets.
Sen. Barack Obama has zero experience running anything but his presidential campaign - which has the most bloated staff and largest budget of any, is out-spending his opponent by a wide margin but failing to gain proportionate market share. His wife mentioned that Barack would be surprised at the amount of money she spends on their children's activities, so he's obviously not running their household or its budget.
Between 91 and 94 percent of all home mortgages in the United States are current, not teetering at foreclosure. The overwhelming number of banks, particularly community banks, have been managed responsibly and are not on the brink of collapse. The vast majority of public corporations with stock values depressed by 20 or 30 percent are in no way connected to the mortgage meltdown, Wall Street's house of cards or the collapsing auto industry. They are well-managed companies and their fundamentals are sound. And there are still productive, successful, optimistic people.
Kennedy ought to know. He is a successful entrepreneur, consultant, speaker and the author of 13 books. Kennedy is especially known for his seven "No BS" books and that is the title of his new BMI column. Kennedy reaches well over 1-million independent business owners annually with newsletters, speaking engagements and meetings around the country.
Wrong again! It must stink being a network global warming alarmist. They just can't seem to get their stories straight.
It's only been a couple months when the networks were screaming about Arctic ice disappearing this summer. And, no surprise, they were entirely wrong. By 1.74 million square miles.
As Maxwell Smart used to say: "Missed it by that much."
Less than three months ago, NBC's Anne Thompson was warning ominously of ice loss. "But this summer, some scientists say that ice could retreat so dramatically that open water covers the North Pole, so much so that you could sail across it."
Or not. According to a September 16 National Snow and Ice Data Center (NSIDC) report, such predictions were off. Way off.
NSIDC reported ice loss was less than in 2007. "On September 12, 2008, sea ice extent dropped to 4.52 million square kilometers (1.74 million square miles). This appears to have been the lowest point of the year, as sea has now begun its annual cycle of growth in response to autumn cooling," according to the organization.
So much for that Ted Kennedy love fest in Denver. CNN's "American Morning" today showcased former President Jimmy Carter who is still obviously bitter about the divided Democratic convention of 1980.
Carter told anchor John Roberts that he is "probably the world's foremost expert on split parties" after that experience.
The former president then told the other side of the Massachusetts senator and showed how he hasn't let go animosity after 28 years. "In 1980, we were never able to heal the wounds between me and Ted Kennedy, who never did endorse me. He wouldn't even shake my hand on the platform the night I got the nomination," Carter told Roberts.
Carter used his tale to segue into a claim that the party will leave Denver united. But Roberts pointed out Carter's own objection to Obama with a clip from the Nov. 30, 2006, "Charlie Rose Show," where the former president had this to say about his would-be successor: "He's got yet to prove substance or experience to be the president."
Carter told Roberts that was understandable since it occurred so long before Obama became a candidate. "So that was a normal thing to say, you know, two years before he ever announced that he was going to be candidate." However, Carter's timeline was wildly flawed. His appearance on the "Charlie Rose Show" came less than two months, not two years before Obama announced January 16, 2007.
Editor's Note: This story originally ran on our sister site www.Businessandmedia.org. When is an increase in consumer confidence bad news? When ABC reports it.Network anchor George Stephanopoulos led off the news cast with this gloom-and-doom teaser: "Terrible Tuesday. Inflation surges. Stocks dive. And consumer confidence nears a record low."But Stephanopoulos left out a key detail: consumer confidence increased according to the network's own measure. "U.S. overall consumer confidence rose last week, according to an ABC News/Washington Post poll released Tuesday," the August 19 Dow Jones Newswires reported. ABC never mentioned that in its report.
Now that the government has signed off on a $25-billion bailout of home mortgage giants Fannie Mae and Freddie Mac, the obvious question is: What next?Steve Forbes, editor-in-chief of Forbes magazine, thinks breaking up is hard to do, but necessary. "The Bush Administration should vigorously push to have Fannie and Freddie recapitalized and broken up into 10 to 12 companies, with their ties to the government completely severed," as he explained in the August 11 edition. According to Forbes, getting 10 to 12 smaller private companies involved in mortgages "will help revive and reinvigorate that sector."
Keeping with the tone of the political campaign, the media are in full Britney Spears mode. To quote the pop tart, "Oops, they did it again." It, this time, is the economy. The mainstream media continue to be wrong about the U.S. economy. The 2nd Quarter Gross Domestic Product numbers came out Thursday morning and the economy continued to grow, this time at a stronger pace than last quarter - 1.9 percent.As many pundits point out, the economy has to actually recess for there to be a recession. That hasn't stopped the media, who have in many ways never stopped talking recession since we escaped the last one. This year it has been worse, with regular references to "recession" or even "depression." These days, "depression" may be how journalists feel about their own industry. But they continue to be wrong about the economy.
I hate to say I told you so, but what the heck. We did. The Business & Media Institute warned that Fannie Mae was a looming taxpayer-backed disaster - in 2005. Only the network news shows didn't like to tell you about it. An op-ed I wrote appeared in The New York Post under the headline: "The $30B Scandal That TV Forgot." I think $30 billion is small potatoes now. $100 billion is the number being used now.
Fannie Mae and Freddie Mac are Government-Sponsored Entities, which means they are publicly listed yet still backed by taxpayers. They have also been mismanaged and embroiled in accounting fiascos. Fannie was run by prominent Democrats like former Chief Executive Officer Franklin Raines and former Vice Chairman Jamie Gorelick - both instrumental figures in the Clinton administration.
A Dec. 23, 2004, Washington Post article explained that Franklin Raines "was a director of the Office of Management and Budget in the Clinton administration, and his name was mentioned as a possible Treasury Secretary had Sen. John F. Kerry (D-Mass.) been elected president."
Leave it to radio star Martha Zoller to sum up the need for radio independence this Independence Day. Zoller, writing a timely piece for the Business & Media Institute, gives a brief history of the rise of talk radio and a true free market of ideas.Thanks to the left and people like Nancy Pelosi, our ability to have media outlets give other than the liberal party line is jeopardized. It is one of the greatest threats to our freedom this July 4th.
<p><img src="/static/2008/05/2008-05-05-GasTaxes.jpg" alt="cartoon by Yogi Love of RedPlanetCartoons.com | NewsBusters.org" align="right" border="0" height="188" hspace="3" vspace="3" width="151" />The debate over a gas tax holiday has caught the attention of all three presidential candidates as well as the media. Last night, CBS "Evening News" said 150 economists had signed a petition against the cut and quoted one saying "it isn't sound economic policy."</p><p>But that list includes several prominent liberal economists, some who have also opposed the Bush tax cuts and pushed for a higher minimum wage in other petitions. The list featured economists from liberal groups such at the Brookings Institution and the Urban Institute, as well as several former Clinton staffers.</p><p>Reporter Priya David didn't mention any political affiliations or leanings for those opposed to the gas tax holiday. "But last week some 150 economists signed a petition saying it's a bad idea," she said. </p>
Every event is a chance for the media to spin. CNN twisted the latest college shooting to blame it on business, instead of a crazed killer.
On the Feb. 17 "American Morning," Veronica De La Cruz showed how two Web sites, operated by "the same owner," sold products to the shooters in both the Virginia Tech and Northern Illinois University tragedies. She said it was "pretty shocking to figure this out." Anchor Kiran Chetry agreed, calling it an "eerie connection."
But De La Cruz was just getting started. She was even upset at the sympathy banners on the site because they were near banners that still advertised the company's business. "I want to show you the strange juxtaposition if you move down the page. Here's the NIU shooting and then ‘Save big on rifles and handguns' right underneath. You know, something that kind of turns your stomach, if you will," she added.
It's unfair to say all lawyers are greedy scum robbing our nation of needed wealth and destroying the things that made America great. OK, not all the lawyers. But USA Today gives a good place to start with its front-page piece on the money sought by trial lawyers and "victims" of Hurricanes Katrina and Rita. According to the paper, there were 247 individual filings against the Army Corps of Engineers for more than $1 billion. "One claim alone seeks $3 quadrillion in damages," wrote Brad Heath. You heard that right. That's "a 3 followed by 15 zeros - about 250 times the nation's gross domestic product." That even tops John Edwards' kind of money.