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Profile: Investors Business Daily

Investors Business Daily was a participant or observer in the following events:

In the days after Michael Steele (R-MD), an African-American, announced his candidacy for governor of Maryland, allegations have resurfaced that in 2002 he was “pelted” with Oreo cookies by Democrats at a political debate (see September 26, 2002 and After); if true, such actions would constitute a significant racial slur. However, reporting of the incident has fallen into question, and Steele himself recently denied being hit by cookies during the debate, though he did say he saw Oreos on the stage near him: “I’ve never claimed that I was hit, no. The one or two that I saw at my feet were there. I just happened to look down and see them.” Eyewitness accounts compiled by the Baltimore Sun show that the allegations are questionable at best; moreover, the Sun reports, accounts of the incident by Republican gubernatorial candidate Robert Ehrlich, Ehrlich’s communications director Paul Schurick, and Steele himself, dramatically contradict each other. Progressive media watchdog organization Media Matters compares the different accounts of the incident, and concludes that the story has grown from an almost-baseless “partisan talking point” into “a ‘fact’ reported by the media” over the last three years. Media Matters notes that several newspapers, including the Chicago Sun-Times, the Washington Post, and the Washington Times, have recently reported the incident as factual, with the Times writing that Steele was “pelt[ed] with Oreo cookies” among the “racially tinged attacks” directed at him by his Democratic opponent in 2002. Chicago Sun-Times columnist Mary Mitchell writes: “Steele has been subjected to the worst racial slurs imaginable. At one debate, a group of black people pelted the stage with Oreos.” Between October 31 and November 16, the Washington Times asserts the incident as fact three times in its editorial pages, and twice in its news reporting. The Weekly Standard reports it three times. Fox News talk show host Sean Hannity twice asserts it as fact on his broadcast, as does one of his guests, National Review editor Rich Lowry. Deroy Murdock, another National Review contributor, asserts it as fact in one of his columns. Washington Post metro editor Marc Fisher cites it in an online chat. Mitchell cites it in the Chicago Sun-Times. The conservative American Spectator cites it as fact once. Syndicated columnist Gregory Kane cites it as fact once. The National Newspaper Publishers Association News Service editor in chief George Curry states it as fact on National Public Radio, as does the host of the NPR program, Ed Gordon. The Investors Business Daily cites it as fact in an editorial. MSNBC’s Tucker Carlson cites it as fact on the air. The Associated Press cites it as fact in an article. Media Matters also notes that the story resurfaced briefly during the August 2004 Republican National Convention, with the Baltimore Sun reporting that Steele and Ehrlich “still talk” about the incident, and the Washington Post reporting it as fact. [WTOP Radio 103.5 (Washington), 11/15/2005; Media Matters, 11/21/2005]

Entity Tags: National Review, Richard Lowry, Paul Schurick, Robert L. Ehrlich Jr., Washington Times, Tucker Carlson, Sean Hannity, Weekly Standard, Washington Post, National Public Radio, Media Matters, Fox News, Michael Steele, Ed Gordon, American Spectator, Deroy Murdock, Associated Press, Chicago Sun-Times, Baltimore Sun, Gregory Kane, Mary Mitchell, George Curry, Marc Fisher, Investors Business Daily, MSNBC

Timeline Tags: Domestic Propaganda

The media discovers a study from late 2004 purporting to show that the mainstream media in the US is heavily biased towards liberal views (see December 2004 and December 14, 2005). On December 19, MSNBC host Tucker Carlson, a conservative, interviews one of the study’s authors, Jeffrey Milyo of the University of Missouri-Columbia. Milyo repeats the study’s contention that news outlets such as CBS News, the Los Angeles Times, the New York Times, and the Wall Street Journal are heavily liberal in their coverage. Carlson calls the statement “terrifying.” Milyo repeats the assertion often made by conservatives that most reporters “tend to be about as liberal as the voters in Berkeley, California.… And the same is true in academia too, by the way, and you know, so that doesn’t mean that those preconceptions or biases or favoritism infects the job that people do.” [MSNBC, 12/19/2005] The study is also cited on the December 19 edition of Fox News’s morning show, Fox and Friends [Fox News, 12/19/2005; Media Matters, 12/21/2005] , and that evening on Fox’s Special Report with Brit Hume. [Fox News, 12/19/2005] Several other press outlets, such as CBS News, the Memphis, Tennessee Commercial Appeal, and Investors Business Daily also report on the study. [Media Matters, 12/21/2005] On December 20, CNN commentator Jack Cafferty tells viewers: “Let’s talk about media bias. It’s real, according to a new study led by the University of California at Los Angeles, which shows there is a strong liberal bias. Well, there’s a bulletin. Researchers found out that of 20 main media outlets, 18 scored to the left of center. The most liberal of all were the news pages of the Wall Street Journal, not the editorial pages, the news pages. Followed two, three, and four by the CBS Evening News, the New York Times, and the Los Angeles Times. In this study, only Special Report with Brit Hume over there on the F-word network [Fox News] and the Washington Times scored to the right of the average voter. The most centrist media outlets in the country, The News Hour With Jim Lehrer and USA Today.” [CNN, 12/20/2005]

Entity Tags: Memphis Commercial Appeal, Jeffrey Milyo, Tucker Carlson, Investors Business Daily, CBS News, Fox News, Jack Cafferty

Timeline Tags: Domestic Propaganda

An editorial in the conservative Investors Business Daily (IBD) claims that presidential candidate Barack Obama (D-IL) is an “African nativist” driven by anti-American and anti-Christian views. According to the IBD editorial, “disturbing information has come to light” showing that “[a]t the core of the Democratic front-runner’s faith—whether lapsed Muslim, new Christian, or some mixture of the two—is African nativism, which raises political issues of its own.” The IBD editorial speculates that Obama is driven by “black nationalism” and fears that he and other African-Americans will continue to be held “captive” to “white culture” unless they take action. The editorial points to the Reverend Jeremiah Wright, one of the pastors of Chicago’s Trinity United Church of Christ where Obama and his family are members, as an “Afro-centric militant” who serves as Obama’s “personal spiritual adviser.” IBD then sounds the alarm about Obama’s “close family ties to Kenya,” particularly the “Muslim militants” of the Kenyan Luo tribe; Obama’s father was a Luo, as is his older half-brother Abongo “Roy” Obama, whom IBD describes as “a Luo activist… a militant Muslim,” and “a Marxist” who has “urge[d] his younger brother to embrace his African heritage.” IBD warns: “Beyond family politics, these ties have potential foreign policy, even national security, implications.… Would Obama put African tribal or family interests ahead of US interests? It’s a valid question, and one voters deserve to have debated regardless of the racial and religious sensitivities. Thanks to a media blackout of these issues, the electorate has yet to benefit from a thorough vetting of Obama.” IBD then informs its readers of Obama’s “Muslim past,” questioning his Christianity and worrying that if he is indeed a Christian, he would have repudiated his “childhood Muslim faith” and be viewed by Muslims as “an apostate,” thereby making him a possible target of “a fatwah” by radical Islamists. It concludes by avowing that Obama’s “Afrocentric doctrine” will be an overt threat to the US if he is elected president, stating, “If a President Obama’s foreign and domestic policies are anything like the Afrocentric doctrine he’s pledged to uphold, Americans will pay a hefty price, including those among the growing black middle class.” [Investor's Business Daily, 1/16/2008] The editorial comes three weeks after a similar claim by conservative scholar Daniel Pipes (see December 26, 2007), and days after conservative radio host Michael Savage claimed Obama was educated in an Islamic madrassa (see January 10, 2008). The assertions will be debunked (see January 22-24, 2008). [Media Matters, 11/29/2007]

Entity Tags: Michael Savage, Investors Business Daily, Barack Obama, Abongo (“Roy”) Obama, Jeremiah A. Wright Jr, Daniel Pipes

Timeline Tags: Domestic Propaganda

Professor Stephen Hawking.Professor Stephen Hawking. [Source: Quarkscrew (.com)]The conservative publication Investors Business Daily (IBD) writes an editorial harshly criticizing the Democrats’ health care reform package. The editorial repeats the debunked canard that the reform proposal will mandate allowing elderly, less “productive” citizens to die rather than pay to keep them alive (see November 23, 2008, January 27, 2009, February 9, 2009, February 11, 2009, February 18, 2009, May 13, 2009, June 24, 2009, June 25, 2009, July 10, 2009, July 16, 2009, July 17, 2009, July 21, 2009, July 23, 2009, July 23, 2009, July 23, 2009, July 23-24, 2009, July 24, 2009, July 28, 2009, July 28, 2009, and July 28, 2009). IBD compares the US health care system to Britain’s government-run National Health Service (NHS), claiming that in Britain health care is strictly rationed and routinely allows people to die if they don’t meet up with the criteria for paying for their care. “The British have succeeded in putting a price tag on human life, as we are about to,” the editorial claims. In the original version of the editorial, the editors write, “People such as scientist Stephen Hawking wouldn’t have a chance in the UK, where the National Health Service would say the life of this brilliant man, because of his physical handicaps, is essentially worthless.” The IBD editors are apparently unaware that Hawking was born in Oxford, England, lives in Britain, teaches at the University of Cambridge, and has been supported by Britain’s health care system for his entire life. The Washington Post’s Ezra Klein writes: “You could write some long response to the rest of the lies and distortions in that IBD editorial, but the more appropriate reply is to just warn people against ever reading the editorial page in Investor’s Business Daily. It’s not just that they didn’t know that Stephen Hawking was born in England. It’s that the underlying point was wrong, as you’ll note from the continued existence of Stephen Hawking. They didn’t choose an unfortunate example for an accurate point. They simply lied.” Hawking himself tells Guardian columnist Hugh Muir: “I wouldn’t be here today if it were not for the NHS. I have received a large amount of high-quality treatment without which I would not have survived.” After the corrections, IBD alters the editorial to omit the Hawking reference, but does not acknowledge that Hawking has remained alive due to NHS medical interventions. [Investor's Business Daily, 7/31/2009; Washington Post, 8/10/2009; Guardian, 8/11/2009; Huffington Post, 8/13/2009]

Entity Tags: Ezra Klein, Investors Business Daily, Stephen Hawking

Timeline Tags: US Health Care, Domestic Propaganda

The conservative Investors Business Daily (IBD) publishes an op-ed criticizing the White House’s willingness to grant permits for solar energy producers to use public lands to build their solar plants. The editorial says, “Interior Department Secretary Ken Salazar, who has apparently forgotten about the Obama administration’s many solar power scandals, announced the initiative in what he called a ‘proud moment,’” apparently a swipe at the administration over the Solyndra bankruptcy, and then makes the broad claim: “There were no solar projects on federal land when Barack Obama was elected four years ago. And for good reason: Solar is an inferior source of energy.” Fossil fuels are cheaper, more efficient, sun-dependent, and even cleaner, the editorial claims, writing: “Solar power needs a large—and ugly—footprint that creates its own environmental issues. Solar cells contain toxic materials and therefore create toxic waste.” The editorial concludes by lambasting the Obama administration for not opening public lands for oil and gas development. [Investors Business Daily, 8/1/2012] In 2003, the US Department of Energy concluded that most of the land needed for renewable energy sites could be supplied by abandoned industrial sites. Moreover, “with today’s commercial systems, the solar energy resource in a 100-by-100-mile area of Nevada could supply the United States with all of its electricity. If these systems were distributed to the 50 states, the land required from each state would be an area of about 17 by 17 miles. This area is available now from parking lots, rooftops, and vacant land. In fact, 90 percent of America’s current electricity needs could be supplied with solar electric systems built on the estimated 5 million acres of abandoned industrial sites in our nation’s cities.” The federal government is expanding its efforts to find “disturbed and abandoned lands that are suitable for renewable energy development.… Groups concerned with minimizing the impacts of energy development on wildlife prefer prioritizing these areas for development.” The Energy Information Administration says: “Covering 4 percent of the world’s desert area with photovoltaics could supply the equivalent of all of the world’s electricity. The Gobi Desert alone could supply almost all of the world’s total electricity demand.” And a 2009 study found that “in most cases” solar arrays in areas with plenty of sunlight use “less land than the coal-fuel cycle coupled with surface mining.” [National Renewable Energy Laboratory, 1/2003 pdf file; US Energy Information Administration, 12/19/2011; Defenders of Wildlife, 1/14/2013 pdf file; Media Matters, 1/24/2013]

Entity Tags: Investors Business Daily, Energy Information Administration, US Department of Energy, Obama administration, Ken Salazar

Timeline Tags: US Solar Industry

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