Free Market Project - Auditing the media's coverage of the free enterprise system

Volume 1 Issue 4 September 7, 2005

In this issue: Hurricane Generosity • Rebuilding • Warming to an Obsession • Good, Bad & Ugly
Katrina • Free Market • Poverty • Obesity • Events

New from the Free Market Project

The Understatement of American Generosity
The media have attacked corporations like Wal-Mart, Exxon Mobil and the U.S. drug companies for making too much money. Now, those companies are using some of their hard-earned profits to help hurricane victims – and network news has shown little interest.

Herman Cain: The Business of Rebuilding
Though the media have focused mainly on the federal government and its response to Katrina, individuals and corporate America have responded quickly with large contributions. Herman Cain, a businessman and national chairman of the Free Market Project, takes his column this month to explain why he’s hopeful about the Gulf Coast’s future.

Media Link Hurricanes and Global Warming for More than a Decade
As blame swirls around Hurricane Katrina, the media continue to draw global warming into the picture. The Free Market Project hopped into the time machine and went back as far as 1992 – when broadcast journalists were doing the same thing. Though reporters keep interviewing scientists who tell them the global warming/hurricane theory is bunk, these examples of coverage through the years show they’re not getting the message.

The Good, the Bad & the Ugly
The Good, the Bad & the Ugly tracks the best and worst media coverage of business and economics. Readers are invited to submit suggestions or news tips to Director Dan Gainor.
This week: A rare, fair view of Wal-Mart; more hype about global warming and hurricanes; and, of course, more bad gas reporting.

Also from FMP:

Media Use Katrina to Predict Economic Downturn

Gas Prices Fuel More Bad Reporting

Media Do Poor Job of Reporting on the Poor

Research, News & Commentary

Hurricane Katrina

Commentary: What’s the best way the government can help with post-hurricane rebuilding? Get out of the way.

Free Market

Commentary: Cato’s Jerry Taylor explains why, if gas prices seem too high, our response should be: “Gouge on!”

Commentary: AEI’s John Lott and Sonya Jones remind us that price controls only work against consumers.

Research: How do Americans feel about their jobs? AEI’s report on “The State of the American Worker” gives some insight.


Research: The Census Bureau reported that poverty stayed flat in 2004. As Heritage Foundation analysis shows, the report doesn’t tell the whole story – but it does point to the need for pro-growth policies.

Additional Poverty Resources:

Understanding Poverty in America
Income Inequality in the United States


News: California says ‘no’ to junk-food sales in schools.

Upcoming Events

Tell us about events coming up in your area!

Does Private Education Work for the Poor?
Cato Institute
Sept. 8, 12:30 p.m.

The Emerging Issues Forum
Sponsored by The Heartland Institute
Hilton Chicago Hotel

Sept. 13, 9:30 a.m. – 4:00 p.m.

Will Portfolio Limitations for Fannie Mae and Freddie Mac Adversely Affect Residential Finance?
American Enterprise Institute
Sept. 13, 1:30 p.m.

Flat Tax Revolution: Using a Postcard to Abolish the IRS
The Heritage Foundation
Sept. 14, 12:00 p.m.

Eminent Domain, Imminent Danger with Congressman Ron Paul
Sponsored by The Bluegrass Institute
Sloan Convention Center, Bowling Green, Ky.
Sept. 19, 6:30 p.m.

Vermont Freedom Fest 2005
Sponsored by the Ethan Allen Institute and FreedomWorks
Vermont Technical College
Oct. 15, 9:00 a.m. – 5:00 p.m.


Editorial Staff
Dan Gainor, Free Market Project Director
Amy Menefee, Balance Sheet Editor
Charles Simpson, Research Analyst

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