If I were a rich man, the media would likely bash me. But if I were a female billionaire, I would become "good news" according to ABC and NBC.
While both ABC and NBC have called very successful CEOs examples of "runaway pay," there was no animosity to be found toward extremely high-earning women during the March 8 "World News with Charles Gibson" or "Nightly News."
In fact, after CNBC's Maria Bartiromo stated that 83 women made Forbes magazine's billionaires list on NBC "Nightly News," anchor Campbell Brown chimed: "All right, that's good news."
ABC's "World News" lauded the 1 percent club: "self-made members of the fairer sex," but left out Forbes statement that 60 percent of those on the billionaires list all made their fortunes from scratch.
It didn't have much to do with liberal bias, but I found it interesting in Meredith Vieira's CNBC interview when Michael Eisner asked her in the first few minutes about how hard it was to referee the differing opinions on "The View" on ABC. He even asked about how Vieira would have handled Rosie:
Eisner: "How would you have done it if you had been in that same position and Rosie O'Donnell just came in to replace Star Jones. Could you control her?"
Vieira: (Laughs) "I was gonna say I would have gone out into the alley with a gun –" (Laughs more)
Ladies and Gentlemen, let’s drop the partisanship for a second and recognize that the media coverage of Sen. Tim Johnson’s (D-SD) sudden illness has been nothing but disgraceful.
The first reports I heard on this issue came early yesterday on CNBC, and immediately the discussion was about how this could change the balance of power in the Senate. I was disgusted. (Update follows with how the network evening broadcasts covered the story.)
As my daughter and I left the gym in the early evening, she questioned me about the Senator, and how this would impact politics. I was a bit shocked, and asked her where she had heard about his malady. She said that it was on the television in the ladies’ locker room, and the announcers were discussing how this might hurt the Democrats.
Let’s get a grip for a second here, folks. A man is fighting for his life right now, and that should be much more important than how this impacts who will control the Senate. Yet, just moments ago, this was the headline of an Associated Press article: “GOP governor has the power to appoint Senate replacement.” These were the first two paragraphs:
When a domestic industry is having problems with foreign competitors, foreign-owned companies in the US, or outsourcing, there is usually plenty of media coverage.
But when an entire sector of the financial services industry is in jeopardy, namely the issuance of shares in companies going public for the first time (initial public offerings, or IPOs), the news and commentary can't seem to break out of the business-reporting realm.
Read the following, and then I'll attempt to explain why.
LONDON AND HONG KONG "HEART" SARBANES-OXLEY
Sarbanes-Oxley Quotes of the Day: Kudlow Discussion Group and John Fund Column
I'm confused. Doesn't the MSM abhor the mixing of religion and politics? Isn't it quick to invoke the specter of theocracy and decry the crumbling of the [non-existent] "constitutional separation of church and state"? Well, yes, in general. But there is an exception to the MSM rule. Turns out it's OK to mix religion and politics, when it's Dems in general - and Barack Obama in particular - who are making the merger.
On this afternoon's Hardball, guest host David Shuster played a clip of Obama, in church, explictly calling for his Christian religious faith to "guide us to a new and better politics."
Asked Shuster of CNBC chief political correspondent John Harwood: "Your reaction - mixing religion and politics in that way?"
Harwood: "It's smart. Democrats need to do more of that."
Just yesterday a reader brought to my attention the sudden TV ubiquity of John Harwood. He pointed out that - CNBC and Wall Street Journal credentials notwithstanding - Harwood is a predictable liberal voice. And sure enough, it was none other than Harwood that David Gregory chose for a comment on L'Affaire Kerry on this morning's 'Today.' And darn if that reader wasn't right about Harwood's leftward tilt. Let's read and analyze Harwood's statement:
"It's difficult to see, in a campaign dominated by unhappiness about the Iraq war, how these comments will be a driving force in the last few days."
A price spike 28 times larger than the proportion of global oil production lost? The loss of 0.4% of oil output leading to a 13% price increase?
It's what NBC's Ann Curry imagined on this morning's Today show. 'Soaring Gas Prices' is one of the Today show's longest-running hits. This morning's episode brought us Ann Curry trying to induce CNBC financial reporter Ron Insana to paint the gloomiest possible picture in the wake of the news that BP has shut down an Alaskan oilfield. BP shut the Prudhoe Bay field indefinitely due to the discovery of severe corrosion and a very small spill from a Prudhoe Bay oil transit line. The 400,000 represents 8% of US domestic oil output and about 2.6% of US supply, including imports.
If there is such a thing as a “good liberal,” Peter Beinart of The New Republic is certainly one. Whether or not you agree with his point of view, at least Beinart’s columns are well-reasoned and intelligently presented as opposed to much of the shrill non sequiturs plastered across the opinion pages of most MSM.
With that in mind, Beinart entered the ring Friday night against Ann Coulter, on CNBC’s “Kudlow & Company.” Beinart clearly looked like an able opponent right from the start:
Well, look, if the Democrats take control, you're going to see a lot more aggressive oversight from both houses, and I think as you have said, look, as a nonpartisan matter, we have checks and balances in this country. Our government works when the Congress is aggressively checking the executive branch and vice-versa, and that really hasn't been happening very much as the Republican Congress, particularly in the House, has acted as an arm of the White House rather than an independent branch, and I think it has hurt the congressional Republicans themselves. The ones who looked the best, people like Lindsey Graham, are those who have exercised some independence, and I would gather that if Republicans in Congress had exercised a little more oversight and a little more independence, not only would we be in better shape as a country but they would be in better shape as a party running for re-election this year.
Tim Russert and Tom Friedman don't think you're paying enough at the gas pump, in fact they seemed downright giddy about the prospect of increasing the gas tax as a way to end America's "oil addiction." Appearing on this weekend's CNBC's Tim Russert program the New York Times columnist was asked for his solutions to America's energy crisis.
Friedman warned: "Tim if we don't find an alternative to fossil fuels to fulfill their dreams, we're going to burn up, choke up, heat up and smoke up this planet so much faster than even Al Gore predicts," and then he issued this clarion call for green technology: "Green, my fellow Americans, is the new red, white, and blue. That's my motto." Then Friedman, egged on by Russert, went even further by calling for a "miracle tax," on gas.
TV Newser says Rob Reynolds, a former reporter for CNBC, CNN and NBC, has been hired by Al Jazeera International, the new English-language channel that is having trouble finding a U.S. carrier. Perhaps cable companies are worried about a mass exodus of conservative viewers if they sign on with Al Jazeera.
Al Jazeera International has hired former CNBCer Rob Reynolds to be senior Washington correspondent. Here's his bio. Reynolds has worked in Moscow for NBC and London for CNN. He was shown the door at CNBC in February.
There's still no firm word on when the channel will launch, Gail Shister reports. AJI rep Rana Jazayerli said "we expect to be fully ready for a global launch sometime soon," but didn't say what "sometime soon" means.
Don't miss my latest writing for the Free Market Project: Media claims about a “housing bubble” are nothing new. Since before the 9/11 terror attacks, the media have been calling the housing market a “bubble” while predicting an imminent, devastating decline. Not only have they been wrong in forecasting such a top, they have thoroughly mischaracterized what an investment bubble is. Now that the market for homes has finally slowed a bit, the media are declaring the bubble has burst.
A Bubble?: Fed Chairman Alan Greenspan has denied the existence of a national housing bubble for several years, but the media have used the term repeatedly.
Strong Gains: The increase in real estate values the past five years has not resembled the rapid rise typically seen in a bubble. In 2000, the national median existing-home value was $139,000. This grew to $215,900 by the third quarter of 2005 – a 55-percent nominal increase but a 34-percent inflation-adjusted gain.
Home Sales Still Going Up: New home sales jumped another 13 percent in October. While sales of existing homes were down 2.7 percent from September, the median national price rose to $218,000, a 16.6 percent increase since October 2004.
Ouch! MediaBistro's blog TVNewser (or Brian Stelter) drew a Fox News executive into responding to Tina Brown's rant in yesterday's Washington Post about how Rupert Murdoch needs to shift Fox News "to the center" for the sake of ratings with the following:
"Tina Brown discussing ratings is like Courtney Love dispensing advice on how to stay sober -- neither one knows how to achieve it."
Brown's show scratched 52 times out of 66 episodes [came with below an 0.1 Nielsen rating] during her 15-month run of "Topic A with Tina Brown" on CNBC.