Investors Business Daily

'World News' Gives One-Sided Anti-Gas Tax Holiday Report

By Jeff Poor | May 1, 2008 - 16:38 ET

It might not the best solution in the world, but any tax break is certainly worthy of consideration - just not according to ABC's April 30 "World News with Charles Gibson."

"The idea is to cut taxes and gas prices during in the summer vacation months, when demand is highest," ABC News correspondent David Wright said. "Great politics, but apparently terrible economics."

ABC opposed the proposal, supported by both presidential contenders Sens. John McCain (R-Ariz.) and Hillary Clinton (D-N.Y.) on the grounds it would increase demand and cause harm to the environment.

Editorial: Bush a Master Diplomat Strengthening U.S. Relations All Over

By Noel Sheppard | April 21, 2008 - 12:17 ET

In the past several years, on any given day -- including holidays, mind you! -- you couldn't swing a dead cat without hitting a media member complaining about how America's respect within the international community had declined under George W. Bush.

This makes Friday evening's editorial in Investor's Business Daily all the more astounding.

Readers are strongly advised to prepare themselves for an alternate state of reality before proceeding any further (emphasis added, h/t NB reader Andrew Gill):

Pulitzer Makes the Right Choice

By Matthew Sheffield | April 8, 2008 - 08:30 ET

It's not often you'll hear a right-leaning media critic say this: I agree with the Pulitzer Prize committee this year, at least when it comes to the award the committee gave to Investor's Business Daily's Michael Ramirez for his excellent cartooning work.

Head over to Extreme Mortman for a few examples of Ramirez's work or visit his page at IBD.

Ramirez's win is the first time since 1998 that a Pulitzer has been given to a cartoonist with even moderately conservative opinions. The committee has similarly been biased against right-leaning columnists as Brent Bozell noted last year:

Any conservative student who aspires to be a Pulitzer Prize-winning columnist should really try another line of work. Here’s the list since George Will won in 1977 and William Safire won in 1978: Charles Krauthammer in 1987, Paul Gigot in 2000, and Dorothy Rabinowitz in 2001. That’s five conservatives in 30 years.

Conservative Cartoonist Ramirez Wins Pulitzer

By Ken Shepherd | April 7, 2008 - 17:58 ET

On April 7, the Pulitzer Board announced the 2008 winners for perhaps the most coveted prize in journalism. At least one right-of-center recipient emerged among the Prize winners: cartoonist Michael Ramirez of Investor's Business Daily.

For a distinguished cartoon or portfolio of cartoons published during the year, characterized by originality, editorial effectiveness, quality of drawing and pictorial effect, in print or in print and online, Ten thousand dollars ($10,000).

Awarded to Michael Ramirez of Investor's Business Daily for his provocative cartoons that rely on originality, humor and detailed artistry.

For a 20-cartoon portfolio of Ramirez's work from 2007 that impressed the Pulitzer Prize nominating jurors, click here. Ramirez and other Pulitzer winners will be recognized and awarded at a luncheon at Columbia University on May 29.

Gainor in IBD: Journalists Contribute to Economic Pessimism

By Nathan Burchfiel | April 7, 2008 - 13:52 ET

The news media contribute to the American public's pessimism about the economy, Business & Media Institute Vice President Dan Gainor wrote in Investor's Business Daily April 4.

"Major downturns aren't just caused by economic circumstances anymore. The news media will have done their best to help it along with years of negativity," Gainor wrote. "They've succeeded in part already. The March 18 USA Today reported a Gallup poll showing that 59 percent of Americans thinking a depression ‘lasting several years' is ‘likely, and 79 percent are worried about the possibility.'"

The three broadcast network news shows compared current economic conditions to the Great Depression more than two dozen times since the beginning of 2008. "Gallup simply heard people parrot what they were told," Gainor said.

He compared media coverage of the economy to advertising's effect on the public's buying habits and called out a Washington Post columnist who went so far as to say that "the best thing that could happen to our economy is for a dozen high-profile hedge funds to collapse; for investment banking to enter a long, deep freeze; for a major bank to fail."

NBC Warns Federal Govt Intervention Needed for Student Loan Shortages

By Jeff Poor | March 7, 2008 - 12:45 ET

"NBC Nightly News" has found yet another hardship story caused by the credit crunch - prospective college students seeking student loans.

The March 6 "Nightly News" aired a segment about how a lack of funding for student lenders will cause some students not to be able to attend their first choice of college.

"More than a dozen lenders have pulled out of the federal student loan program, unable to raise enough money to make loans," NBC correspondent Tom Costello said. "Now - Pennsylvania, Missouri, Michigan, New Hampshire and Iowa have suspended parts or all of their student loan programs - unprecedented."

Canadian Scientists Fear Global Cooling

By Nathan Burchfiel | February 8, 2008 - 16:33 ET

Investor's Business Daily is reporting something we haven't seen much of in the media since the 1970s: concerns about global cooling. You read that correctly: cooling.

Kenneth Tapping, a researcher at Canada's National Research Council, wants to look for evidence of increased sunspot activity, according to IBD. "The lack of increased activity could signal the beginning of what is known as a Maunder Minimum, an event which occurs every couple of centuries and can last as long as a century."

A "solar hibernation" in the 17th Century "corresponded with a period of bitter cold that began around 1650 and lasted, with intermittent spikes of warming, until 1715," IBD reported. "Frigid winters and cold summers during that period led to massive crop failures, famine and death in Northern Europe."

US Media Ignore British Health Service's 'You're on Your Own' Mandates

By Tom Blumer | January 6, 2008 - 23:39 ET

I've said this before, but it merits saying again: We'll know that the news we're fed every day by the wire services, "newspapers of record," and TV networks is fair, accurate, and complete when those in search of the full picture no longer have to go to the editorials of the Wall Street Journal and Investors Business Daily to fill in Old Media's yawning information and coverage gaps.

Among the latest pieces evidence that we're not there yet -- Thursday's IBDeditorials.com opinion piece, which had this news from Britain's National Health Service (NHS):

The British have found a way to shorten those long, annoying waits for care and lower the rising costs of their universal access system. They'll let patients take care of themselves.

NYT Takes on Al Gore and Climate Alarmists...Happy New Year!

By Noel Sheppard | January 1, 2008 - 11:29 ET

The new year is beginning with some very serious shots being fired across the bow of the manmade global warming myth and at alarmists using it to advance their deplorable agendas.

Moments after Investor's Business Daily presaged that "2008 just might be the year the so-called scientific consensus that man is causing the Earth to warm begins to crack," the New York Times of all entities published a rather shocking piece pointing fingers at folks like Nobel Laureate Al Gore for being part of a group of "activists, journalists and publicity-savvy scientists who selectively monitor the globe looking for newsworthy evidence of a new form of sinfulness, burning fossil fuels."

This from the New York Times?

Hold on tightly to your seats, folks, for the shocks in this piece came early and often (emphasis added throughout):

Media Can't Decide If 2.4 Percent Is Dramatic or Ho-Hum

By Nathan Burchfiel | December 26, 2007 - 16:59 ET

The media are always trying to find a way to report the bad side of economic news, so it's shouldn't come as a terrible surprise to anyone that they managed to make positive holiday sales growth a bad thing.

According to MasterCard SpendingPulse, retail sales were up 3.6 percent during the holiday season - 2.4 percent excluding gas prices. But because it's not as big an increase as recent years have produced, the media reported it as bad news.

On NBC's "Nightly News," reporter Savannah Guthrie announced a "dramatic" 2.4 percent decrease in women's clothing sales. She didn't think the same percentage increase was "dramatic," however. Instead, she referred to the overall sales increase as "disappointing."

Other media labeled the figures "dismal," "small," "weak," "bleak" and "a clear sign that the economy is slowing down." Most made sure to point out, like "Good Morning America's" Ryan Owens, that the increase is "the smallest in four years."

Larry Summers's Tax Cut Plea Falls on Deaf Old Media Ears

By Tom Blumer | December 20, 2007 - 22:21 ET

When Larry Summers suggested in early 2005 that, as paraphrased by Slate's William Saletan, "innate differences between the sexes might help explain why relatively few women become professional scientists or engineers," the outcry was immediate, furious, and went to saturation level virtually overnight. The controversy ultimately led to his resignation a year later as Harvard President.

On Wednesday, Mr. Summers, a Democrat who was once Treasury Secretary under Bill Clinton, made a recommendation in his area of expertise -- that is, that a tax cut would be a good idea to protect against a possible recession. (Yours truly doesn't believe that a recession is anywhere near occurring. But hey, I've said since May, and several times since [here, here, and here, among others] that a tax cut is needed anyway to keep the economy chugging along at a good rate. So if panicked pols want to enact a tax cut for the wrong reason, I'll take it.)

Old Media reaction to Summers has been virtual silence.

The Media's Moment of Silence

By Matthew Sheffield | October 2, 2007 - 11:40 ET

From the no-news-is-good-news department (and Instapundit) comes news that the media have suddenly decided to start covering Iraq less. Investor's Business Daily explains:

Ever since the Sept. 10 testimony of Gen. David Petraeus, we've heard less and less from the mainstream media about the war in Iraq. The old adage "no news is good news" has never been truer.

That the media are no longer much interested in Iraq is a sure sign things are going well there. Instead, they're talking about the presidential campaign, or Burma, or global warming, or . . . whatever.

Why? Simply put, the news from Iraq has been quite positive, as Petraeus related in his report to Congress.

Consider:

Shuster Shredded for Tasteless 'Gotcha' Game

By Mark Finkelstein | September 28, 2007 - 08:07 ET

David Shuster's tasteless game of "gotcha," that we reported here and here, in which the MSNBC "correspondent" exploited the name of a fallen American soldier to put Rep. Marsha Blackburn (R-Tenn.) on the spot, is getting considerable media attention. Brit Hume featured it in last night's "Grapevine" segment of "Special Report."

View video here.

Schumer Floor Speech Slandering U.S. Troops Ignored by Old Media

By Tom Blumer | September 10, 2007 - 00:05 ET

Bloggers have caught a politician saying one thing in a speech, while carrying a very different rendering of a critical passage at a supposed "transcript" of that speech.

The difference is significant.

The transcript whitewashes a slander on the performance of US troops in Iraq delivered by a United States senator.

Specifically, New York's Charles Schumer gave a made a speech on the floor of the Senate last week ascribing the turnaround in the Anbar province in Iraq to the locals, and discrediting the notion that American troops could have had anything to do with it.

Here is the relevant portion of Armchair General Schumer's speech you will hear at the YouTube video:

And let me be clear. The violence in Anbar has gone down in spite of the Surge, not because of the Surge.

The inability of American soldiers to protect these tribes from Al Qaeda said to these tribes, "We have to fight Al Qaeda ourselves."

However, that section of the "transcript" of Schumer's speech posted at his Senate web site (a backup screen cap, in case the transcript gets revised at a future date, is here) reads thusly: