May 28 2015

Look, a Deficit!: How NPR Distracts You From Issues That Will Actually Affect Your Life

$100 bills (Mark Wilson/Getty Images)

Billionaire Pete Peterson is spending lots of money to get people to worry about the debt and deficits, and National Public Radio is doing its part to try to promote Peterson’s cause.

May 13 2015

Some of David Brooks’ Best Friends Are Progressives–So Long as They Don’t Scare the Wealthy

Bill Clinton and Tony Blair

For political purposes, it is undoubtedly advantageous to imply that the “opportunity” progressives favored the market more than the “redistributionist progressives,” but it is not true.

Apr 27 2015

NYT Lets Economic Pundit Disappear TPP’s Economist Critics

Paul Krugman, Joseph Stiglitz (cc photos: Prolineserver, Raimond Spekking)

You would never know, reading Greg Mankiw’s piece, that many economists in fact oppose TPP and fast track. Or that economists can and do reject the characterization of TPP and the like as “free trade” bills.

Apr 20 2015

Why Don’t Americans Want to ‘Soak the Rich’? It’s a Trick Question

Monopoly: Pay Poor Tax of $15

The New York Times has a post by Neil Irwin headlined “Why Americans Don’t Want to Soak the Rich.” But looking at polling over time on taxing the wealthy, what’s striking is how consistently popular it is.

Apr 20 2015

The Washington Post’s Longstanding Contempt for People Who Work for a Living

As critics note, TPP has less to do with trade than it does  with strengthening protections for corporations like copyrights and patents.

The Washington Post has established itself over many decades as a major mouthpiece of elite opinion. Its editorial pages argue strongly for the interests of the wealthy, with scarcely concealed contempt for people who have to work for a living.

Jan 30 2015

Mark Weisbrot on Greek Elections, Amanda Marcotte on Abortion & Congress

Change Greece, Change Europe (Photo: Uwe Hiksch)

We’ll talk to Mark Weisbrot about the Greek elections: Could it be that what elite media fear isn’t that Syriza will fail—but that it might succeed? And Amanda Marcotte on how shallow cover of abortion and the new Congress threatens women’s rights.

Jan 28 2015

The Super Bowl Windfall Myth

Why media fall for sports industry's bogus economic claims

Super Bowl billboard in Times Square

With Super Bowl Sunday approaching, expect plenty of media reports on the projected economic windfall for host city Glendale, Arizona. Last year, when the NFL announced that its big game would provide a $600 million boost to the New York/New Jersey economy, that figure promptly became a fixture in news coverage of the event (CNN, 1/24/14; Newsday, 1/22/14; FoxNews.com, 5/21/14). In one typical article, the New York Daily News (1/20/14) reported that city business owners were scurrying to grab a piece of the Super Bowl pie, quoting a local limo-service owner: “Nothing comes close to this. Everyone in New York […]

Oct 17 2014

Richard Wolff on the State of the Economy

counterspin-dow

This week on CounterSpin: In the past few years as some economic indicators have suggested a recovery is under way, US media have generally responded with celebratory reporting. But according to polls, Americans aren’t so sure. According to a recent NBC poll just 18 percent say the economy is excellent or good. How can we best understand an economy that seems to be serving some but slighting others?

Today we’ll feature a special extended interview with economic professor Richard Wolff on how to reconcile mixed messages about the health of the economy.