There is no serious discussion of environmental costs borne by the public, and there is not one word about climate change–a pretty shocking oversight when one considers the potential ramifications of a massive new investment in a fossil fuel industry.
Even if you're not be an expert in media ethics, you'd probably agree that a show about finance and business exclusively sponsored by one giant bank has an obvious conflict. The fact that the show is on public radio might make such an arrangement all the more curious. And the fact that the host of the show also makes money giving speeches to the financial institutions he covers…. Well, now, that's not how things are supposed to work. But that's precisely how things work for Adam Davidson, the host of NPR's Planet Money. His program's exclusive underwriter is Ally Bank, […]
Critiquing the April 24 edition of NPR's "increasingly vacuous and self-indulgent" Planet Money show, blogger Brian (NPR Check, 4/24/09) notices that the "five long minutes" spent discussing "how long it would take to count to 165 million (the AIG executive bonuses), 45 billion (Bank of America's bailout so far), and 1.2 trillion (total estimated federal bailouts of banks so far)," came right after "a long week of severely deficient coverage of actual financial news" like "40 seconds Morning Edition spent pararaphrasing a New York Times article on the looming Chrysler bankruptcy": The sad thing is that it actually might have […]
Characterizing an "Incredibly Bad Economic Piece on NPR" as having "helped a blackmail effort," blogging economist Dean Baker (Beat the Press, 2/27/09) says "the piece concluded by telling listeners that 'the problem is us,' that we had borrowed too much and therefore we have to pay the cost in the form of big taxpayer bailouts": Okay, this is wrong, wrong and wrong. First, the excessive borrowing wasn't just shear frivolity, it was attributable to something that got very little notice from NPR at the time and unfortunately still gets very little notice from NPR: an $8 trillion housing bubble. People […]