Home Store In Memoriam Deborah Newsletter Forum Topics Blogfeed Blogroll Facebook MySpace Contact Us About

Who Needs Business News?

Reported by Melanie - October 14, 2004 -

Despite the fact that numbers were released today (October 14, 2004) showing that the trade deficit has soared, jobless claims jumped by 18,000, oil continues to climb, and the Dow is less than 100 points away from a new low for the year, Your World w/Neil Cavuto, Fox News' premiere "business and financial" show was too busy talking politics to cover that trivia today.

Cavuto interviewed Colin Powell for the first twenty minutes; Former NYPD Chief Bernard Kerik did some fear mongering in a segment titled "Safe at Home," and some spinning on Iraq ("The people that attacked the towers we are battling in Iraq," and Al Qaeda is the group responsible for the beheadings.) and some Kerry bashing, (He "voted against the creation of homeland security six different times. He held it up for 22 days."); T.J. Rogers, President and CEO of Cypress Semiconductors was on to talk about market matters but managed to call Kerry a "tax and spend liberal," the CEO of Merck talked about his job, the Vioxx fiasco, and the rosy future facing pharmaceutical companies; Robert Kiyosaki, author of Rich Dad, Poor Dad talked about how it's everyone's responsibility to save for their retirement; and Larry Holmes talked about boxing.

Elliott Spitzer's investigation into insurance companies, GM's plan to lay off thousands of its European employees were mentioned in a nanosecond during the extremely fast paced "Fox Stox" portion of the program, getting maybe 8 seconds each. If Cavuto mentioned the job number, oil prices, or the perilous state of the stock market, it went by so fast I didn't catch it.

COMMENT: Folks, again, this show is nothing more than a foil for Fox's politicial activities. While Neil Cavuto appears soft spoken and calm, he delivers as much propaganda for Fox as Hannity or O'Reilly. Pitty the viewers who actually believe they're being informed on financial matters. As Frank Rich said last weekend in his article: Why did James Baker turn Bush into Nixon?:

But those who live by Fox News can die by Fox News. If you limit your diet to Fox and its talk-radio and blogging satellites, you may think that the only pressing non-Laci Peterson, non-Kobe, non-hurricane stories are "Rathergate" and the antics of the Swift Boat Veterans for Truth. Your diet of bad news from Iraq is restricted, and Abu Ghraib becomes an over-the-top frat hazing. You are certain that John Kerry can't score in the debates because everyone knows he's an overtanned, overmanicured metrosexual. You reside in such an isolated echo chamber that you aren't aware that even the third-rated network news broadcast, that anchored by the boogeyman Dan Rather, draws 50 percent more viewers on a bad night than "The O'Reilly Factor" does on a great one (the Bush interview).