New Poll Reflects Media’s Negative Impact on Economic Perceptions
July 18th, 2007 2:26 PM
A new poll released Wednesday gave extraordinary evidence as
to how continued negative reports from a bearish media have impacted the public’s
view of the economy.
As reported
by Reuters (emphasis added):
Two-thirds of
those surveyed, 66 percent, said the direction of economic policy was fair or
poor.
Yet, these same
folks are very optimistic about their own economic condition:
FNC's Cavuto Notes MSM-wide Yawn Over Record Dow Close
July 13th, 2007 6:30 PM
On today's "Your World with Neil Cavuto," the host devoted a portion of his mailbag segment to viewers from across the fruited plain telling Cavuto of their local media outlets had ignored or downplayed yesterday's stock market closing. Cavuto noted that in contrast, a large market correction in February was blared on the front pages of the nation's largest broadsheets. Video (2:26): Real (1.77…
Record Dow a Downer on the Networks
July 13th, 2007 6:16 PM
A new stock market high is good news, right?“In stock market terms alone, this is now the longest consecutive uninterrupted stock market rally,” said Lawrence Kudlow on MSNBC’s “Morning Joe” on July 13.“It started in early 2003, so that’s four and a half years. And it’s incredible how much wealth is being created out there and it’s unfortunate, really – almost tragic – that the president just…
'Nightly News' Mows Over Hedge Fund Firms
June 27th, 2007 5:02 PM
Billion-dollar returns just aren’t good enough for NBC. On June 26, the “Nightly News” attacked wealthy hedge fund managers for making high-risk investments and for trying to do business with the “vulnerable” upper-middle class.Reporter Carl Quintanilla mentioned rich investors who want to become “hedge fund rich,” but then focused his segment negatively on such investment firms.“[T]he people who…
IBD Takes Look at Media Bias, Incompetence
June 13th, 2007 3:50 PM
Our friends at Investor's Business Daily are taking a seven-part look at the media's incompetence in reporting market:Media bias has been detected in other studies, but this series raises an additional possibility – media incompetence in analyzing and explaining how the economy and financial markets work.Installments will cover how the media report on subjects like tax cuts, deficits, trade and…
With S&P 500 at Record Level, USA Today Writer Focuses on the Index's
June 4th, 2007 10:21 AM
While the relatively narrow Dow Jones Industrial Average has been achieving alltime highs for a couple of months, it took until last week for the broader S&P 500 index to beat its previous record of 1527. The index closed at 1536.24 last week.
Instead of writing up the big winners in the 77% of companies that have brought the index back from its 2000 low, USA Today writer Matt Krantz looked…
Sawyer Frets Gas Will Continue to Climb, Stock Market Will Crash
May 8th, 2007 9:58 AM
With gasoline prices going up, Diane Sawyer worries they will continue to rise. With stock prices going up, the same Sawyer worries they will experience a crash of historic proportions.Sawyer's guest on Good Morning America today at 7:15 AM EDT was Mellody Hobson, a GMA financial contributor. Here's how Sawyer kicked things off.GMA CO-HOST DIANE SAWYER: Will runaway gas prices keep soaring,…
Media Virtually Ignores Dow's Best Bull Run in 80 Years
May 5th, 2007 8:24 AM
Did the Dow’s ‘Bull Run’ Milestone Get to Your Paper’s Front Page Today?Front page? Heck, the overwhelming odds are that it didn't get mentioned anywhere. It should have been.
At CNNMoney.com, writers Alexandra Twin and Steve Hargreaves appear to be the only ones who even recognized the significance of yesterday's positive market close (bolds are mine):
Dow: Longest bull run in 80 years
Major…
