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.
Why media fall for sports industry's bogus economic claims
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 […]
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.