BusinessWeek 'Recession in America' Blog Goes Belly-up

August 1st, 2008 10:53 AM
As an attempt to find a new and innovative way to spread the doom-and-gloom news associated with the economic downturn, BusinessWeek magazine launched a recession blog on its Web site back in May to give a personalized glimpse into "recession" hardships. "This blog is one of the places we'll tell these stories," BusinessWeek.com reporter Tim Catts wrote on the blog's first post on May 2. "Here…

The Undead: Cramer Crushed Carter Still Alive

July 31st, 2008 11:46 AM
Disclaimer: Yes, Joe and Chris.  We know Jim was joking.Money maven Jim Cramer is a self-described Democrat, one who idolized Lenin back in his Harvard days [Cramer's, not Lenin's] and was on the verge of tears over the downfall of his old college buddy Eliot Spitzer.  But one Dem not high on Cramer's list is Jimmy Carter, so much so that Cramer feigned dismay to be informed that—contrary to his…

'Nightly News': Is General Motors Going Out of Business

June 27th, 2008 12:37 PM
General Motors has been in business since 1897, but there are fears now propagated in the media that the longtime American icon faces an uncertain future. Brian Williams raised the possibility of General Motors (NYSE:GM) going out of business on the June 26 "NBC Nightly News" to Jim Cramer, host of CNBC's "Mad Money." "[J]im, I know you talk about this, think about this everyday for a living…

Cramer Blames Inflation on Ethanol: 'Drop the Mandate, Prices Plummet

April 26th, 2008 8:32 PM
In the past couple of weeks, NewsBusters has reported the media's sudden negative opinion of ethanol as a result of rising food prices and rationing of rice by certain retailors.You can now add NBC to the list, and, in particular, the host of CNBC's "Mad Money," Jim Cramer, who on Friday's "Today" show actually blamed ethanol for the current crisis while stating emphatically, "You drop the…

Cramer: 'I’ve Had a Lot of Death Threats

April 3rd, 2008 4:05 PM
Coming off his April 2 interview with Democratic presidential hopeful Sen. Hillary Clinton (D-N.Y.) on his show "Mad Money," CNBC's Jim Cramer told "Squawk Box" his job entails some hazards. "You know, look, obviously I've had a lot of death threats," Cramer said on CNBC's April 3 "Squawk Box." "They're actual death threats. And, you go to the state police and the state police go to the local…

More Cramer Outlandishness - 'The American Public Don’t Know Jack

March 24th, 2008 3:28 PM
Do you think the federal government guaranteeing $29 billion in a loans for JP Morgan Chase to take over Bear Stearns is a good idea? It really doesn't matter what you think, according to CNBC's Jim Cramer. Cramer defended the move by the Fed from any potential public scrutiny on CNBC's March 24 "Squawk on the Street." "The American public don't know jack," Cramer said in response to a…

Cramer: 'Okay, I Was Wrong, Bear Stearns Was in Trouble

March 24th, 2008 2:44 PM
CNBC "Mad Money" host Jim Cramer came under fire recently for telling viewers Bear Stearns (NYSE: BSC) wasn't in trouble just days before the investment bank tanked. He has finally admitted some fault. "No! No! No! Bear Stearns is not in trouble," Cramer said on his program March 11. "If anything, they're more likely to be taken over. Don't move your money from Bear." The following weekend,…

Doh! Cramer Told E-Mailer to Hold Onto Bear Stearns Stock a Week Ago

March 17th, 2008 1:11 PM
He'd probably like to take this comment back, but then again there are probably many things CNBC "Mad Money" host Jim Cramer has said that he'd like to take back. In a response to an e-mail posted on his Web site on March 11, Cramer said Bear Stearns (NYSE:BSC) wasn't in trouble and advised the writer to keep his money in the investment bank: "Dear Jim: Should I be worried about Bear Stearns…

Cramer Verklempt Over Spitzer

March 12th, 2008 8:25 AM
Jim Cramer is known for wearing his heart on his sleeve. But the host of CNBC's "Mad Money" normally lets his emotions show over matters financial. In August, for example, he went ballistic at Ben Bernanke, pleading with the Fed chairman to lower interest rates in the face of widespread home foreclosures.This morning, however, Cramer got verklempt not over the discount rate but at the falling…

A Rather Sedate Jim Cramer Reacts to Spitzer Prostitution Revelation

March 10th, 2008 3:56 PM
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…

Media Finally Getting It: Ethanol Mandates a Dumb Idea

February 28th, 2008 1:51 PM
They're starting to get it. The media are figuring out government meddling in U.S. energy policy is taking a toll on the American economy. On February 20, the Labor Department reported that the Consumer Price Index (CPI), a key inflation reading, rose 0.4 percent in January, matching December's rise. Why? Increased food costs because corn is being used for ethanol. "Farmers are replacing…

Cramer Flip-flops: Bond Insurers Won't Cause Dow Crash

January 31st, 2008 6:46 PM
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…

Where Are Bernanke’s Critics in the Media after Disclosure of the So

January 25th, 2008 9:01 PM
You've probably heard about the French trader who has managed to stash away $7 billion before going on the lam. What's the big deal with sticking it to some French bank for $7 billion? This $7-billion loss by the French bank Societe Generale (SocGen) (EPA:GLE) might have caused the sharp plunge in some European stock markets on January 21 - which spurred the Federal Reserve to make an…

CNBC’s Cramer Still Bearish Despite 'Emergency' Rate Cut; Questions

January 22nd, 2008 2:50 PM
After the Fed made an "emergency" 75-basis-point rate cut this morning, CNBC's "Mad Money" host Jim Cramer, who has gone from bull market cheerleader to bear market doom and gloomer in the last six months, said it was too little too late. "[T]his is obviously the kind of action I was most fearful of - which is that they would have to go panic and that they would get way behind the curve,"…