It's no surprise that the year "fake news" entered our vocabularies was a controversial one for media. NewsBusters' Curtis Houck joins Cheddar to break down the year's most polarizing press events. We consider how to hold journalists accountable without vilifying them.
Houck points to Vice President Al Gore's marketing strategy for his documentary "An Inconvenient Truth 2" as an instance of dishonesty. He also revisits the media's decision to use Big Bird as a symbol of PBS' budget cuts. Despite headlines saying the government was killing the children's character, Sesame Street is still airing on PBS.
Finally, Houck reveals some of the most infamous media mistakes of the year. From Brian Ross' false reporting about the Michael Flynn guilty plea to CNN's misrepresentation of Anthony Scaramucci's Russia ties, Houck says the media lost significant credibility in 2017. We also consider the apparent double standard different networks are taking in their approaches to punishing erring journalists.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labor market. The move is the Fed’s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Fed officials, led by Chair Jerome Powell, had kept their rate unchanged this year as they evaluated the impact of tariffs, tighter immigration enforcement, and other Trump administration policies on inflation and the economy. The only dissenter was Stephen Miran, the recent Trump-appointee.
After a late-night vote and last-minute ruling, the Federal Reserve began a key meeting on interest rate policy Tuesday with both a new Trump administration appointee and an official the White House has targeted for removal.
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Albania's Prime Minister Edi Rama says his new Cabinet will include an artificial intelligence “minister” in charge of fighting corruption. The AI, named Diella, will oversee public funding projects and combat corruption in public tenders. Diella was launched earlier this year as a virtual assistant on the government's public service platform. Corruption has been a persistent issue in Albania since 1990. Rama's Socialist Party won a fourth consecutive term in May. It aims to deliver EU membership for Albania in five years, but the opposition Democratic Party remains skeptical.
The Trump administration has asked an appeals court to remove Lisa Cook from the Federal Reserve’s board of governors by Monday, before the central bank’s next vote on interest rates. Trump sought to fire Cook Aug. 25, but a federal judge ruled late Tuesday that the removal was illegal and reinstated her to the Fed’s board.
