Top 10 biz media myths about the economy

Chris Roush

Chris Roush is the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.

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  1. Nan Connolly says:

    I’m not sure what they mean by lenders being “responsible” for everyone’s debts. I was unaware there was debate about the circusmstances leading to the current mortgage credit problem: isn’t it agreed that new, complex and aggressively marketed rising-interest mortgages and cash-out deals confused borrowers? That hardly excuses consumers from the payments they agreed to, but lenders who shoe-horned home buyers into ill-advised deals are far from blameless. Chopping up and bundling the loans into security-like ‘packages’ loosened lenders’ ties from these dubious deals even more. Now lending and financial institutions want public assistance as the loans they profited from explode. Think of families disrupted, neighborhoods de-stablilized and cities trying to maintain order amid ‘broken window’ conditions. Interesting to note the sharp rise in student loan defaults taking place now as well.

  2. Martin Singer says:

    What a load of baloney. Why link to this straw-man list of “myths” purportedly spread by “the media”? Have serious news outlets really been running around saying “Americans everywhere are losing their homes to foreclosure” or “Blame the airlines for all those flight delays” or “Businesses are much better off if they go green”? News organizations have reported on the phenomena of rising default and foreclosure rates, airline delays and the green fad, all of which are real. It is this group, with its political agenda, that is mischaracterizing the reporting to make it seem ridiculous. Funny that there is no mention of the phony, media-created “War on Christmas.”

  3. Todd says:

    This is the silliest list I’ve ever seen.

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