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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 14 November 16, 2005

In this issue: Home Heating • Heating Everything Else • Buck Doesn’t Stop • Good, Bad & Ugly
Harry Potter • Wal-Mart • Energy • Litigation • Health • Taxes • Events

New from the Free Market Project

The Trouble with Forecasting
The media have been hyping higher costs for home heating this winter. The trouble is, forecasting natural gas prices can be about as accurate as predicting the weather. The Energy Department's projections for winter have dropped for the past two months, but broadcasters continue to warn consumers without acknowledging the good news
the energy supply recovered quickly from Hurricane Katrina.

Media at Large: Fox’s Changing Climate
Home heating shouldn’t be a problem much longer, if the media’s full acceptance of global warming is any indication of what’s really happening with the earth’s climate. The usually-balanced Fox News departed from its norm this week for a one-sided special that has some scientists up in arms. Unfortunately, the show also muddled the debate with misinformation.

Media Wrong about Dollar
The Free Market Project continues to track media prophecies and their undoing. In this edition: the economy was supposed to grind to a halt because of a falling dollar. What happened? It’s still growing.

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 staff writer Ken Shepherd.
This week:  The Gray Lady pans tax hike in Germany; CBS shades solar energy report; Fox News burns ‘fair and balanced’ motto in ‘The Heat Is On.’

Also from FMP:

Class Warfare at the Post

CBS Begins Week-Long Gut Check

All of the Benefits, None of the Costs

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Research, News & Commentary

Culture and Government

Research: A sneak peek at a forthcoming Michigan Law Review article on J.K. Rowling’s view of government and markets in her Harry Potter series of novels.


Commentary: AEI gives “three cheers for Wal-Mart” in the face of heightened criticism of the retailer.

Commentary: Is Wal-Mart a problem? Is it beating down the little guy? Just ask John Stossel.


Research: The Heritage Foundation points out that it might be time rethink federal subsidies for electric power, especially in the wake of Hurricane Katrina.


Commentary: The AEI’s Kevin Hassett chronicles the Justice Department’s vendetta against Oracle and why that might result in another Harriet Miers-esque backlash.


Research: The Heritage Foundation looks into the viability of Health Care Tax Credits, suggesting a new consumer approach to health care – and a great opportunity to make providers more efficient.

Commentary: As if one wasn’t enough, here are eight reasons to delay the prescription drug benefit that went into effect earlier this week.


Commentary: John Fortier explains that despite the deadweight floating around in Washington, tax reform is far from dead.

Upcoming Events

Tell us about events coming up in your area!

Let the U.N. Govern the Internet?
The Heritage Foundation

Nov. 17, 10:00 a.m.

Health Savings Accounts and Tax Subsidies: How Effective Can They Be?
American Enterprise Institute

Nov. 18, 2:00 p.m.

Inflation Targeting at Bernanke’s Fed
American Enterprise Institute

Nov. 22, 10:00 a.m.

Doing Business in 2006: Creating Jobs
Cato Institute

Nov. 28, 12:00 p.m.

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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