Barron's

Another Day, Another Obama Front Cover

This isn’t your father’s business and financial weekly.

Looking for ten successful companies? Then look no further than the main story of the June 1 edition of “Barron’s.” With Michelle Obama splashed on the front cover, “Barron’s” created the “The Michelle Index,” a list of ten companies that “offer superior value.” The list is named in honor of Obama, “whose championing of brands that offer good value reflects a nationwide trend.”

It should come as no surprise that a business publication would display business sense get it’s share of the Michelle Obama love-fest. From the time her husband took office in January to March 10, she appeared on seven magazine covers, and there have been more since then. This was the same person, after all, who became the first person to share a cover on Oprah Winfrey’s magazine, “O”.

'Skeptical Environmentalist' Doubts 'Underwater Manhattan' Global Warming Scenario

One of the tricks in the global warming alarmist playbook over the years has been to show how global warming will cause sea levels to rise and flood the low-lying coastal areas where population centers happen to be, specifically lower Manhattan in New York City.

However, the imagery used by Al Gore in his "An Inconvenient Truth" and by various other global warming made-for-television specials isn't scientifically accurate according to Bjørn Lomborg, author of "Cool It: The Skeptical Environmentalist's Guide to Global Warming."

Lomborg was asked by Gene Epstein in the May 18 issue of Barron's if it would be "smart to prevent global warming as soon as possible -- to avoid seeing Manhattan under 20 feet of water in ten years?"

Media May Have Played a Role in Madoff Scandal, Says CNBC Contributor

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 got his reputation on Wall Street in the payment for order flow business. That's when a brokerage firm receives a payment as compensation for directing the order to the different parties that can execute the order at a lower cost.

"First of all you needed something that was very credible, because what he started off with was very credible," Najarian said. "As we both know, Dylan, he was in the payment for order flow business before anybody else. That meant folks that he was buying on the bid and selling on the offer back when the spread on NASDAQ stocks was 50 cents wide."

Barron's: 'It's Almost as if Obama Wants to Repeat the Mistakes of Herbert Hoover'

It seems like a no-brainer: Raising taxes is bad. It's a shame that Barron's is one of the few outlets to pick up on it.

An economic plan floated out by Democratic presidential hopeful Sen. Barack Obama, Ill., would raise taxes on incomes above $250,000 - with the highest rate at 39.6 percent - and redistribute the wealth to the poor and middle-class. But that would be a big mistake, according to an article by Jim McTague in the August 25 issue of Barron's.

"It's almost as if Obama wants to repeat the mistakes of Herbert Hoover," McTague wrote. "During the Great Depression, Hoover raised the top marginal rate to 63% from 25% and hiked corporate taxes, too, says Michael Aronstein, chief investment strategist at Oscar Gruss & Son in New York. The moves siphoned needed investment capital out of the markets and into the hands of bureaucrats, delaying the turnaround."

Sky-Is-Falling Media Claim Black Monday 'Could' Happen Again

This week marks the unhappy milestone of Black Monday for Wall Street, which had some journalists warning “it could” happen again. Even if it doesn’t, the media hammered home the prospect of a possible recession.

"Can it happen again? It could," said CBS correspondent Alexis Christoforous on "Evening News" October 14.

The Dow Jones Industrial Average nosedived Oct. 19, 1987, when panicked selling cost investors 22.6 percent in one day of panicked selling. But do investors in 2007 need to be worried about another crash?

CNBC’s Jim Cramer Fires Shot at New Fox Business Network

It was only a matter of time before someone on CNBC took a shot at Fox Business Network and it came from CNBC’s resident loose cannon, “Mad Money” host Jim Cramer. (Video of the incident is available here.)

“I had the choice of watching a rival business channel or getting a root canal,” Cramer said on CNBC’s October 15 “Street Signs” “And I chose the root canal.”

Cramer appeared on his daily segment on the afternoon CNBC show with host Erin Burnett talking out of one side of his mouth analyzing several stocks. However, Cramer struggled with his speech during his analysis of the potential XM Satellite Radio and Sirius Radio merger and spit all over Burnett when he abruptly said something that sounded like “Fox” for an unknown reason.

“I’m having problems,” Cramer said. "I admit it ...”

Cramer Responds to Barron’s, Hints Article Criticizing Him Was at Murdoch's Behest

CNBC “Mad Money” host Jim Cramer responded on his August 20 program to the August 20 Barron’s article that showed how his stock picks lag gains in the Dow, NASDAQ and Standard & Poor’s 500.

“In the face of what I … what we all think was a baseless, ugly article about me by a partner, which I found insulting to my audience and to your intelligence, I’ve been overwhelmed the past two days by words of kindness and support from you guys,” said Cramer.

Cramer referred to Barron’s as “a partner,” possibly referring to the agreement between Dow Jones & Co., which publishes Barron’s and The Wall Street Journal, and CNBC. The deal allows CNBC to use Wall Street Journal content through 2012.

NBC’s Favorite Business Analyst – Really So Savvy?

It’s been a bumpy ride in the markets and as with any news with such a serious downside, the NBC “Nightly News” has been all over it.

But who they chose to be front and center for their coverage has been a bit curious. CNBC’s Jim Cramer has appeared on the “Nightly News” five times in 2007 and eight times on the “Today” show – the majority of those appearances in recent weeks. (Kudlow, anyone?)

There are a few chinks in Cramer’s armor, though. Beyond his infamous meltdown on August 6 and his admission in December 2006 on TheStreet.com (NASDAQ:TSCM), a financial Web site he launched in 1996, of manipulating the press to influence the markets when he was working at a hedge fund, he’s not an all-knowing stock guru.