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The Balance Sheet

The Media Research Center

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

Volume 1 Issue 11 October 26, 2005

In this issue: Inflated Worries • Anti-Flu Incentives • Bah! Humbug • Good, Bad & Ugly
Links:
Tax & Spend • Health Care • Economics • Telecommunication • Events


New from the Free Market Project

Who’s Afraid of a Little Inflation?
Disco is just a party theme or a radio station playlist nowadays, but the media are clamoring about the 1970s. As several economists have pointed out, worries about widespread neo-Carter-era inflation based on higher gas prices are overblown and economically incorrect.

Attack on Avian Flu Drug Patent a Major Threat
World governments are refusing to recognize Roche’s patent on Tamiflu, the anti-viral medication many believe to be the hope for avian flu patients. As leaders from the United Nations to the U.S. Senate press for the pharmaceutical company to give up the drug, they are eroding the very incentive that leads to the creation of such helpful treatments.

It’s Beginning to Look a Lot Like … Negativity
As the leaves start to fall, the media are already in their holiday spirit of economic pessimism. They’ve been forecasting a bad Christmas retail season since August. But the National Retail Federation says consumers aren’t the Scrooges the media suggest.

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 regular story with a premium result; have a blue Christmas; and the ‘silly’ side of CNN.

Also from FMP:

Bernanke Nomination Brings Out Media’s Economic Concerns

CNN’s ‘In the Money’ Team Loves Jabs at Wal-Mart

NBC Still Promoting Downside of GM Labor Contract

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Research, News & Commentary

Government Spending/Taxes:

Research: The Cato Institute warns that Colorado’s noted “taxpayer bill of rights” is threatened by a new ballot initiative.

Commentary: Pete DuPont takes a cue from Johnnie Cochran: “if you don’t want to spend, you must amend.”

Health Care

Commentary: Former FDA official Henry Miller says the FDA holds up new drugs in a complicated review process, all the while limiting consumers’ options for treatment.

Research: Who’s driving up health care costs? The Manhattan Institute Center for Legal Policy says it’s “Trial Lawyers, Inc.” Their latest report details litigation’s impact on health care and offers “prescriptions for restoring sanity to the system.”

Economics

Research: The National Center for Policy Analysis points out the negative impact of a “living wage” on low income families.

Commentary: Larry Kudlow explains what the president must do to bolster the economy.

Commentary: Tech Central Station’s Tim Worstall writes about the passing of Arthur Seldon, one of the lesser-known fathers of economic liberty.

Commentary: Pointing to immigration and a powerful free market economy, Cathy Young explains why poverty is a matter of culture, not money.

Telecommunication

Research: The Competitive Enterprise Institute outlines steps to release and supercharge our communications policies by reforming regulations.

Upcoming Events

Tell us about events coming up in your area!

A World With Less Oil: The Consequences
American Enterprise Institute
Nov. 2, 12:00 p.m.

Monetary Institutions and Economic Development
Sponsored by the Cato Institute and The Economist
Cato Institute
November 3, 8:00 a.m. – 6:30 p.m.

An Afternoon with Michael Crichton
Lisner Auditorium, Washington, D.C.
Nov. 6, 2:30 p.m.

Education Entrepreneurship: Why it Matters, What Risks it Poses, and How to Make the Most of It
American Enterprise Institute

Nov. 14, 8:45 a.m.

“States of Fear: Science or Politics?” with Michael Crichton
Hotel Nikko, San Francisco
Nov. 15, 8:00 p.m.

“TELL THE TRUTH!”
Join Us in Telling 50 Million Americans Every Week About Liberal Media Bias!

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

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