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“Exposing & Combating Liberal Media Bias”
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Closing BellFinancial Regulator Calls for Crackdown on Facebook, Text MessagingRecent problems with the financial system could be used as a reason for regulators to have authority policing social networking sites like Facebook and other types of electronic communication like text messaging. If Financial Industry Regulatory Authority (FINRA) CEO Richard Ketchum has his way, that's exactly what will happen. Ketchum appeared on CNBC's Oct. 27 "Closing Bell" in an interview with the network's NYSE floor reporter Bob Pisani from the Securities Industry and Financial Markets Association (SIFMA) annual meeting in New York City. Ketchum explained how the Internet and text messaging are unconventional means of communication that pose problems for regulators. "With all of our kids, they don't talk by phones or certainly directly to each other anymore," Ketchum said. "They talk through the Internet and they talk through text messaging and they talk through Facebook." CNBC Goes into 'Crisis' Mode at Height of ObamaCare DebateBalanced? Sure. Hyperbolic? Definitely. Invoking the word "crisis" might conjure up images of a Category 5 hurricane bearing down on the U.S. Gulf Coast or some other situation where decisive action much be taken to avert impending doom. But, is it appropriate to suddenly attach it to the key issue put forth by Obama administration, such as health care? On July 30, CNBC dedicated its three-hour morning show "Squawk Box" to the issue and labeled the special coverage: "America's Healthcare Crisis." CNBC used the word "crisis" despite polls (including a July 30 Time article) that found 80 percent of the respondents satisfied with their health care. Obama Blasts Fox News: 'I've Got One Television Station that is Entirely Devoted to Attacking My Administration'You can't be loved and adored by everybody, but if you're President Barack Obama and it concerns the media, you can come awfully close. In an interview on CNBC's June 16 "Closing Bell" with the network Washington correspondent John Harwood, Obama reflected on the media coverage he has received to date. Harwood asked the president to respond to the claim that lack of media criticism has allowed him to "hurt" the country. "When you and I spoke in January, you said, I observed that you haven't gotten much bad press," Harwood said. "You said, ‘It's coming.' Media critics would say not only has it not come, but that you've gotten such favorable press either because of bias or because you're good box office that it's hurting the country because you're not sufficiently being held accountable for your policies. Assess that." Former CNBC Host Dylan Ratigan Switches to MSNBC; Bashes Social Issue Emphasis, GOPOnce upon a time, there was Dylan Ratigan, host of CNBC's "Fast Money," and co-host of that network's "Closing Bell." He was never partisan and willing to criticize both political parties in Washington, D.C. Now he seems to think Bristol Palin has taken Karl Rove's job as the sinister mastermind of Republican politics. In late March 2009, Ratigan left CNBC for destinations unknown, but on May 6 it was announced he would begin hosting a show CNBC's sister network, MSNBC. Ratigan appeared on MSNBC's May 6 "Countdown with Keith Olbermann," not only to preview his new show, but comment on Bristol Palin, daughter of former GOP Vice Presidential candidate and Alaska Gov. Sarah Palin, and her campaign promoting abstinence. "The thing that really stands out to me with this, because the hypocrisy is obvious - it's as obvious as a closeted gay senator voting against gay marriage," Ratigan said. "There's a prevalence in politics of this type of behavior, unfortunately. That's why the conversations like the one we're now having exist." Bartiromo: Market Bounced Today Because Prez Race Tightened
I wonder if these rumors will get reported by Obama-loving press members. With about fifteen minutes to go in the trading session, the camera found a suddenly happy Bartiromo on the floor of the New York Stock Exchange gleefully saying the following (file photo): CNBC: Paulson 'Put a Gun to All Their Heads'
It is clear that this is indeed the case, at least twice over. First, there were the threats made by the Treasury Secretary, the President, and the Fed Chairman warning of a banking Armageddon if Congress didn't pass the bill. Now there's clear evidence, reported with stunning casualness by CNBC, that Paulson & Co. threatened the big banks in some way to force them to "accept" Uncle Sam's preferred equity investments: CNN's Blitzer: 'I Don't Remember' Biden's Law School PlagiarismOn The Situation Room today, CNN anchor Wolf Blitzer made a surprising admission to, of all people, real estate entrepreneur Donald Trump: BLITZER: What do you think of his (Obama's) decision to pick Joe Biden as his running mate? CNN's Chetry: 'Please Tell Me It's Not Lipstick Again'
CNBC Anchor ‘Embarrassed’ by Media Obsessions with Palin PregnancySex sells, even during a presidential election. But that doesn't mean journalists have to be happy about it. CNBC's "Squawk Box" co-host Joe Kernen took a moment during a panel discussion September 2 to take a shot at the onslaught of coverage over presumptive vice presidential nominee Sarah Palin's daughter's pregnancy.
Earlier in the broadcast Kernen told chief Washington correspondent John Harwood he did not think the family incidence was as big a deal as the media was making it out to be:
Bartiromo on Palin: ‘Terrific Choice’; Kudlow: ‘A Fascinating, Fascinating Choice’While a lot of the members of the mainstream media were scratching their heads, trying to figure out just who Alaska Gov. Sarah Palin was, CNBC actually came through with an almost immediate positive response. The August 29 broadcast of CNBC's "Squawk on the Street" featured two of the network's prominent personalities analyzing Republican presidential nominee Sen. John McCain's choice of a running mate. "Closing Bell" host Maria Bartiromo and "Kudlow & Company" host Larry Kudlow said McCain's decision was wise. Bartiromo, who was set to feature Palin in an upcoming CNBC special on energy, called the governor a "terrific choice." BARTIROMO: "I can tell you a lot about Gov. Palin just from my conversation with her and from the day that we spent with her and that is she challenged the establishment in Alaska. She is very, very popular in Alaska and what she brings to the table predominantly is her knowledge and her know-how of energy. That's the bottom line." The Biz Flog – Blaming Oil Speculators for High Gas PricesForget the basics of supply and demand, just find someone to blame. As Congress takes new aim at speculators for the high price of gasoline, some media reports seem to be following suit. But as The Biz Flog explains this week, there is considerable debate over whether speculators should be blamed for the high cost of oil. June 23, the same day Democrats on the House Energy and Commerce Committee condemned oil speculators, the "CBS Evening News" and ABC's "World News" blamed oil speculation for a large chunk of the spike in prices. "There's no doubt speculation plays a role in the skyrocketing price, but how much?" ABC correspondent Ryan Owens said June 23. "Experts say if it were just simple supply and demand a barrel would cost $75. Today it closed north of $135." Scott Horsley explained oil speculation on June 29 for National Public Radio's "All Things Considered," where he pointed out that there have always been financial players in the oil market and there is still a debate over what influence they really have. Bartiromo Defends Bernanke; Ties Current Woes to Events During Greenspan’s TenureIt's not Ben Bernanke's fault, according to CNBC's Maria Bartiromo. Bartiromo appeared on NBC's March 23 "Meet the Press" with CNBC's "Street Signs" host Erin Burnett as the program's featured guests. "Meet the Press" host Tim Russert asked Bartiromo and CNBC's Erin Burnett if Bernanke was "up to the task" to take on problems with the U.S. economy. Bartiromo didn't blame the Fed chief for the current economic environment, but defended Bernanke and said the foundation of the housing problems was in place prior to his tenure. "I really don't think you can blame Ben Bernanke for this, Tim," Bartiromo said. "You know, I think that he is, as Erin said, throwing the kitchen sink, doing a lot at this point. And remember, he's a new chairman. You know, so what was put in place before he was actually in this role has set us up for this." A Rather Sedate Jim Cramer Reacts to Spitzer Prostitution RevelationLater Says He’d 'Bank on a Socialist in Brazil' more than 'a Republican' It wasn't exactly one of CNBC "Mad Money" host Jim Cramer's most jovial appearances, but it was certainly interesting to see how he'd react to the big story of the day. A dejected Cramer showed his disappointment immediately following reports New York Governor Eliot Spitzer was involved in a prostitution ring on CNBC's March 10 "Street Signs." The New York Times reported on its Web site on March 10 Spitzer was involved in a prostitution ring and there has some speculation as to whether the New York governor would resign. Cramer pledged his support for his former Harvard classmate. Airline Merger a Rough Landing for Travelers, 'Today' Says
Once again, the media have demonstrated its disregard for the rationale behind business decisions. Delta Air Lines (NYSE:DAL) and Northwest Airlines (NYSE:NWA) are in negotiations for a merger, which could be a win-win for both companies. However, a segment on NBC's February 15 "Today" portrayed it as the two airlines teaming up to take advantage of travelers and ignored the possibility that the survival of both airlines may hinge on this merger. "But airline mergers have traditionally meant job losses, especially in the airlines' hub cities, as well as fewer flight options for passengers in smaller cities and higher ticket prices," NBC correspondent Tom Costello said. "In Atlanta, we found frequent travelers fearing that's exactly what could happen." Bartiromo Warns Bad Economy Talk 'Begets More Weakness'You reap what you sow. Nothing could be truer when it comes to the American economy. According to CNBC "Closing Bell" host Maria Bartiromo, if the media continue to push doom-and-gloom economy stories, they will make the economy worse. "[T]he truth is, ["Today" co-anchor] Meredith [Vieira], it doesn't matter if we're in a recession," Bartiromo said on NBC's February 6 "Today." "We can talk ourselves into a recession, and that seems to be what we're doing right now and that certainly begets more weakness." The media coverage has apparently affected voters. According to the February 6 Washington Times, an exit survey from the "Super Tuesday" primaries showed 47 percent of Democratic voters and 40 percent of Republican voters said the economy was the most important issue in making their choice at the polls. 'The Early Show' Blows it on Stock Market FearsIt was supposed to be a bad day in the American stock markets according to CBS's "The Early Show." Guess what - they were wrong. "Hong Kong's Hang Seng market was down more than 4 percent," Julie Chen said on the January 28 "The Early Show." "Tokyo's Nikkei index off about 4 percent. Wall Street may have a rough morning in advance of President Bush's final State of the Union address tonight. We'll be watching the markets throughout the morning." Assuming American markets will follow the lead of any other international markets is an iffy proposition, as indicated by the performance on Wall Street today. After the gloomy forecast from "The Early Show" for the day, the Dow Jones Industrial Average (DJIA) finished in positive territory on January 28 - at the highs of the day, up more than 176 points. The NASDAQ and S&P 500 also finished in positive territory, both up more than 23 points. Soros Calls for Government Control of Markets, Even If It Means ‘Wiping Out the Shareholders’Billionaire investor George Soros called for more government monitoring and involvement in markets in an interview on CNBC January 23. "Now we really have to reconsider the whole policy, which has been in my opinion misplaced, of relying on the markets to police themselves," Soros told Maria Bartiromo in Davos, Switzerland, "to recognize the risks. And there are risks which it is the job of the authorities to control, and the authorities have abdicated their responsibilities. So did the rating agencies." Soros slammed the government for "not taking the right steps in dealing with" what he called upset financial markets. "[T]he authorities ought to move into the market makers, look at the books and make sure that the bad risks are recognized and reassure the markets that the main actors, the banks that are too big to fail, will not fail, that they will in fact be bailed out the same way as Northern Rock was bailed out even if that means wiping out the shareholders or greatly reducing their benefits." CNBC Expert Warns of $150-200 Barrel OilImagine seeing this prediction on your television screen: "Oil will hit $150 or $200 during this commodity bull market." Makes you want to stockpile oil while it is priced at $98 a barrel, but such was the case on CNBC today. Credit Billionaire Jim Rogers, described as a commodities guru and a founding partner with the infamous George Soros of the Quantum Fund in 1970. He told Maria Bartiromo on the November 20 "Closing Bell" on CNBC he see's no slowdown in the rising price of oil, regardless of what OPEC does. "OPEC had a big meeting this week," Rogers said. "If they had a lot more oil to produce, they would be producing it. They don't have it." CNN Business Reporter: Feelings Trump Economic RealityEven though we’re not in a recession, people “feel” like we’re in a recession and that’s what counts. Sounds like liberal hogwash, doesn’t it? Well, that’s how CNN Senior Business Correspondent Ali Velshi reacted to a CNN-Opinion Research poll. “Get this: 46 percent of Americans think the economy is in a recession – 46 percent. Nearly half of all Americans think that we're in a recession,” Velshi said on the October 18 “American Morning.” However, Velshi told viewers the economy isn’t in recession by textbook definition. “[T]his is interesting, because by official standards, we're not in a recession,” he said. “Recession is a sustained decline in economic growth. We haven't seen any decline in economic growth. We’ve seen some decline, but not a sustained decline.” ABC, CBS Abandon Hillary’s Talking Points on Social SecurityThe lefties won’t be pleased. The October 15 CBS “Evening News” and ABC “World News Tonight with Charles Gibson” had a different take on Social Security contrary to liberal Democratic presidential hopeful Hillary Clinton’s position. On October 11, Clinton told CNBC’s John Harwood she wasn’t going to jump the gun and scare people by addressing their Social Security concerns. “I think what I owe the American people is to tell them I will not spook them and sound the alarm over Social Security because that’s not merited,” Clinton said. “We have time to deal with this problem. I will deal with it in a responsible fashion.” But, ABC correspondent David Wright reported data that would make you think otherwise. |
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