You're going to need a few extra bucks to pay for those corn flakes every morning.

CNN's senior business correspondent Ali Velshi let viewers in on an underreported fact about rising commodities prices: the government mandate for ethanol production is making corn and other agricultural products more expensive-making inflation a top priority for Americans.

"Several years ago, we made some decisions about how corn is going to be used to make ethanol, which is added to our gasoline," said Velshi on "American Morning" April 4. "A number of people think that that was meant to reduce our dependency on crude oil. What is does is it takes what is fundamentally a food source and makes it into a gasoline source. That's caused corn to go up."

It'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."

Later 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.

It certainly is no surprise the stock market's big decline on Friday would be the lead story for evening news programs.

But, citing an economic study from an organization with direct and verifiable ties to Democrat presidential candidate Hillary Clinton as simply a "consumer group" while not even mentioning the liberal leaning of the think-tank seemed pretty absurd even for NBC.

Yet, that's what occurred Friday evening as the NBC "Nightly News" began its broadcast:

Early last month, when oil prices flirted with inflation-adjusted record highs, fears of sky-high gas prices were filtered through the media.

CNBC's Erin Burnett gave viewers a frightening prediction of $4-a-gallon gasoline during a January 2 appearance on the NBC "Nightly News." The "Street Signs" anchor cited John Kilduff, the vice president of risk management at the MF Global Ltd. Brokerage, as the source of this predicted high watermark for gasoline.

"And John Kilduff, who I know you speak with often, as well, Brian, he says we could see prices at the pump as high as $4 a gallon," Burnett said. "And that could be by the middle of February. So it could be anytime in the next six weeks. So that's going to be an increase, and we've seen it across the board, Brian. Commodity prices are going up, and that is causing worry for stocks."

"January Jobs Number: Beware! It Might Not Be True," the caption read at the bottom of the screen on CNBC's February 1 "Street Signs."

The number of payroll jobs declined for the first time in more than four years on February 1, but "Street Signs" host Erin Burnett explained, this jobs report might not be as bad as it has been reported elsewhere - like today's story posted on CBSNews.com - "U.S. Economy Suffers Another Body Blow."

"[T]here's a system out there where basically what happens is the government makes some assumptions about how many jobs are created or lost every month," Burnett explained. "How many businesses are created - they can't check it every single month, so they have to make some assumptions. It turns out if you look out over history they always do the ‘businesses dying estimate' in the month of January - as a matter of fact, always in the month of January."

Two weeks and two rate cuts later, CNBC "Mad Money" host Jim Cramer has a revived faith in the U.S. stock market.

On January 18, Cramer appeared on MSNBC's "Hardball with Chris Matthews" and warned if the government didn't intervene and prevent the failure of two large insurance companies, Ambac and MBIA, the Dow Jones Industrial Average would drop 2,000 points in the upcoming weeks. Cramer isn't talking about that sort of collapse anymore.

"For months I was worried about [MBIA CFO] Chuck Chaplin and MBIA (NYSE:MBI) and ABK [Ambac Financial Group, Inc.] (NYSE:ABK)," Cramer said on the January 31 "Street Signs." "Everyone's worried about it now? Why should I be worried about it? When you have a problem on your hands and everyone's worried knows about it, [New York State Superintendent of Insurance] Eric Dinallo to [President of the Federal Reserve Bank of New York] Tim Geithner, it's done. It's done."

CNBC "Street Sweetie" Erin Burnett revealed what some might have suspected about "Mad Money" host Jim Cramer all along.

"[H]e's crazy - certifiably," Burnett said on the January 18 "Late Night with Conan O'Brien."

Of course, Cramer is a regular on NBC's "Today" and "Nightly News" as an expert on the economy. On December 19, Cramer appeared on "Today" and was very critical of Fed Chairman Ben Bernanke for not cutting interest rates more than a quarter point. In another "Today" appearance on January 17, he declared the economy was in a recession, a 180-degree change from his comments earlier in the month when he declared "sunny skies" were ahead for the economy.

American capitalism - it's so great even the Chinese Communist government loves it!

That's sounds like it ought to be a bumper sticker, but the January 16 "NBC Nightly News" advised it is something we should be cautious of.

Foreign investors have been on a buying spree in the U.S. stock markets - as stock prices have fallen with all the skittishness in the wake of the credit crunch.

"So far foreigners buying chunks of Wall Street has not triggered the same political uproar as a Dubai company's ill-fated effort to take over operations of U.S. ports, perhaps because politicians know the alternative could be painful," NBC correspondent Lisa Myers said.

In spite of recent polls of economists by leading financial publications predicting a less than 50-percent chance the U.S. economy will enter a recession in 2008, the media's coverage of "recession" since the beginning of the year makes it seem inevitable.

ABC, CBS and NBC reported "more signs of a looming recession," "deepening troubles," "new fuel for recession fears," "rattled consumers," "an economy on edge" and "bracing for recession," or some scary variation a total of 32 times just in the first two weeks of 2008.

The segments predicted a recession or reported fears of a looming recession four times as often as they reported optimism about the New Year, even though recent surveys of economists put the chance of recession at 40 percent to 42 percent.

 "And the major concern heading into 2008 is that big ‘R' word, recession," David Muir ominously reported on January 1. "When does the mortgage mess, the housing market, lead to that?" he asked, assuming that a mortgage "mess" inevitably leads to recession.

ABC reported "growing concerns the economy may be heading toward recession." CBS mentioned that "when companies stop hiring, it's often a sign we're slipping into a recession." NBC noticed that in a speech about the economy, President Bush

We have seen Chris Matthews drool over her on live television but he might have second thoughts after reading the extensive shopping list of CNBC's Street Signs anchor, Erin Burnett. Her expensive list of things she wants from suitors was published in Men's Health as 8 Ways to Impress Me. None of the ways in which one can impress Erin has anything to do with personality. It all comes down to spending big bucks on Erin as you can see from her list:

1. Pack Your Bags

Any guy who can plan a trip to an exotic locale, such as Mongolia, Mozambique, or Papua New Guinea, would impress me.

2. Buy Me a New Atlas and Globe

You could unlock my heart by allowing me to dream up my next trip. I love to travel, and hope to eventually set foot in 100 countries. I have many more to go.

3. Do Something Special for My Parents

Family is important to me, so round-trip business-class tickets to Australia and New Zealand for my parents would earn you big points in my book.

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