The man in charge of a bank that engaged in massive mortgage fraud chatted with a corporate media host (CNBC Squawk on the Street, 7/12/13) about the fact that virtually none of those who enriched themselves while eviscerating the life savings of many blameless people, derailing the US economy along the way, have faced criminal prosecution: Jim Cramer: Shouldn't they have indicted somebody who actually did bad things in banking? JPMorgan Chase CEO Jamie Dimon: I think if someone did something wrong, they should go to jail. Cramer: Well, who did? Who went to jail? Dimon: One of the great […]
Search Results for: Dean Baker
Why ask why, say their enablers in financial press
This week on CounterSpin: Since his death, Nelson Mandela has been portrayed in the media largely as a beloved, almost saintly figure. But Mandela was once feared and despised by some US elites, and the press mirrored that. What changed? We’ll speak with UCLA professor Robin D.G. Kelley about Mandela.
Also on the show: Detroit asked for bankruptcy, because it's $18 billion in debt, due largely to bloated public sector pensions. That might be the basic shape of the story you've heard; listeners won't be surprised to hear that every part of it is wrong. We'll talk with economist Dean Baker about the causes of Detroit's problems and the problems with the solutions.
Those most affected by debate weren't part of it
It’s hard to imagine news coverage of military regulations that excludes Pentagon officials, or a discussion of derivatives trading that leaves out Wall Street executives—those directly affected by policy outcomes. But that’s how corporate media cover the minimum wage story, according to a new study by Extra! that finds low-wage workers are largely excluded from the debate. The study surveyed nearly three months of coverage (1/1/13–3/24/13) in eight major U.S. media outlets, during a period when Democratic President Barack Obama was proposing an increase in the federal minimum wage from $7.25 to $9 an hour. Obama made his most prominent […]
Vol. 26, Number 5
‘How Short Our Memory Is’ Looking back at the 10th anniversary of the Iraq invasion, MSNBC’s Joe Scarborough (Morning Joe, 3/19/13) scorned media outlets and others who failed to acknowledge their responsibility for leading the country into war: “The very same people who spent years beating up George Bush were the very ones beating the drum for Iraq’s regime change and Saddam Hussein’s ouster,” he said. “The New York Times grimly warned of the threat posed by Iraq in the final years of the Clinton administration. And on the eve of President Bush’s first inauguration, the Washington Post called Iraq’s […]
Wall Street Transaction Tax Missing from 'Cliff' Coverage
Tropes, tricks and tics of campaign journalism
Every four years, U.S. media spend untold time and energy covering the presidential campaign. And every election cycle there are certain media themes that keep coming back. Extra! has compiled a guide to the most popular recurring tropes, as well as some new additions to keep an eye on in 2012. Candidate Caricatures In 2008, journalists gave us McCain the maverick vs. Obama the snob (Extra!, 5–6/08, 7–8/08): easily digestible caricatures that the candidates’ every action could be forced into. It didn’t matter that McCain toed the party line more than your average Republican, or that Obama’s middle-class, community activist […]
Paul Ryan according to Beltway media
Mitt Romney's choice of Rep. Paul Ryan as his Republican running mate has unleashed yet another torrent of fawning coverage touting Ryan's intelligence and bravery for advocating a fiscal plan of massive government spending cuts and massive tax breaks for the wealthy.