CORRECTION: Media Matters has identified a serious error that resulted in the omission of several Charlotte Observer columns and articles discussing municipal broadband during the time of this debate. We cannot support our earlier conclusion that the Charlotte Observer did not inform its readers on the issue of North Carolina's "digital divide" over the past two years. Media Matters prides itself on a long history of accuracy in its media studies, and we apologize for the error.
Responding to criticism of the bonuses paid in 2008 by Wall Street firms -- some of which had received federal bailout funds -- Erin Burnett said during Meet the Press: "The taxpayer money isn't being taken and paid out in the form of bonuses. It goes in a separate pool ... a separate account for banks." However, contrary to Burnett's assertion, money is fungible, and without the federal assistance, Wall Street bonuses would have been much lower, according to several experts.
Reporting on the death of former Enron Corp. founder and chairman Kenneth Lay, on the July 5 edition of NBC's Nightly News, correspondent Don Teague made no mention of Lay's connection to President Bush.
On Fox News Live, Time magazine White House correspondent Mike Allen declared that the guilty verdicts for former Enron CEOs Kenneth L. Lay and Jeffrey K. Skilling are "going to be very helpful to the president [George W. Bush] because it shows that even friends of the president, even big business, longtime supporters of the president are prosecuted, and there is justice even for big fish."
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