Economy

Cramer Admits He Was Wrong on Bear Stearns

CNBC 'Mad Money' host appears on CNN's 'Reliable Sources' to defend his Bear Stearns remarks and economic reporting in general.

'World News' Rips Scientist to Shreds for Being Global Warming 'Skeptic'

ABC pulls no punches in dismissing the work of physicist Fred Singer as 'fraudulent nonsense.'

Peter Goodman's Strained Idea of an Economic "Slump"

The paper's newest gloomy economics reporter sees hardship in slipping sales of crab meat.

NYT Weeps as High-Ticket Items Become Unaffordable in Slowdown

Front-page article spins slowing luxury item sales as 'housing-related' hardship hitting 'Main Street.'

Zuckerman Makes 'Great Depression' Claim Again

U.S. News & World Report editor says economy facing the 'strongest downward pressures' since 'Depression.'

CBS Reporter Suggests a 'Bailout' for Housing Crisis

'Early Show's' Maggie Rodriguez proposes a 'cram session' to Treasury Secretary to figure out a Bear Stearns-like bailout for 'agencies involved.'

'World News' Claims 'Free Market Didn't Work' in Bear Stearns Collapse

ABC correspondent Terry Moran ignores lost jobs and money lost by shareholders in assessment the free market didn't work, 'government did.'

CBS Trots Out 'Great Depression' References in Wake of Bear Collapse

CBS's morning show gives a very grim report about the state of the economy after J.P. Morgan and the Federal Reserve act to keep beleaguered investment bank from failing.

Oops - CNBC's Cramer Said 'Don't Move' From Bear a Week Before Collapse

'Mad Money' host drastically underestimated the investment bank's trouble surrounding the mortgage crisis.

ABC Ignores Taxes Behind High California Gas Prices

'World News' segment about economic hardship due to higher gas prices in California fails to explain why that state's prices were higher to begin with.
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