Just over a year ago, CNBC's Jim Cramer found himself in hot water with Jon Stewart. The host of Comedy Central's Daily Show was relentless, running segments targeting the high-strung CNBC host, the most notable of which was titled "In Cramer We Trust" and addressed Cramer's pushing of Bear Stearns just days and weeks before it collapsed:
In the days that followed, Cramer would take to CNBC sister networks for defense from Stewart, prompting this response from the comedian:
The whole ordeal led to Cramer appearing on Stewart's show for an extensive interview where the money talker made a "deal" to "start getting back to the fundamentals of reporting." Cramer also agreed with Stewart that he was a "snake oil" salesman.
Ultimately, Cramer walked back much of the ground he conceded in the interview later calling Stewart's criticism of CNBC "naïve and misleading."
Well, Cramer has landed himself back on the Daily Show, this time for his comments surrounding Goldman Sachs before news broke of the SEC charging the bank with fraud:
Now that Stewart and Stephen Colbert (host of the Colbert Report) have extended their contracts with Comedy Central through 2012, Cramer has some time to live up to his previous commitment to get "back to the fundamentals of reporting." Otherwise, this latest Daily Show segment is only the latest in what will surely be a lot more to come.
From the March 18 edition of CNBC's The Kudlow Report:
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The New York Post (part of the News Corp family) reports:
TheStreet.com, the financial Web site founded by loudmouth stock picker and TV personality Jim Cramer, is being investigated by the Securities and Exchange Commission.
The publicly traded company attracted the attention of regulators because of accounting woes at a former subsidiary called Promotions.com, TheStreet.com said yesterday.
TheStreet.com revealed the news in an SEC filing explaining why it will be late reporting its annual financial results.
Last summer, TheStreet.com announced there were "issues" related to how it had been recording revenue at Promotions.com, the marketing company it acquired in 2007. An internal probe ensued and resulted in several quarters of delayed earnings results for the parent company, frustrating investors.
TheStreet.com "is cooperating fully with the investigation," CEO Daryl Otte told The Post.
Cramer, the host of "Mad Money" and a former hedge-fund manager, co-founded TheStreet.com in 1996. He remains a commentator on the site as well as chairman of the company's board.
From the March 15 edition of CNBC's Squawk Box:
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As Mediaite.com's Colby Hall notes today:
CNBC is no longer just "first in business worldwide," as their tag line states, it is also the place to see on-air dust-ups between correspondent's and anchors. Back in December we noted an on-air kerfuffle between host Steve Liesman and reporter Rick Santelli in which Santellit told his host "You don't say anything I find interesting." This morning viewers of the financial news channel bore witness to another tiff between the squabbling CNBCers.
Transcript of their exchange (via TV Newser):
Liesman: Rick, you've lost enough people enough money by now.
Santelli: Why don't we put that to a referendum? Let's put it on our website right now. Who lost you more money, Steve Liesman or Rick Santelli. Put your money where your mouth is.
Liesman: Rick you argued interest rates would be higher, you argued for the crash of the dollar, Rick. Rick, you had everything wrong, Rick. There wasn't a single thing you had right.
Santelli: Jobs, jobs, jobs. I talked about the credit crisis.
Liesman: You were wrong... you said the credit crisis was nothing. I'll pull the tapes.
Santelli: Okay. You pull the tapes Steve Liesman.
Liesman: You were wrong about everything.
Despite reports that "don't ask, don't tell" will be tackled in President Obama's State of the Union address tonight, the initial line-up of cable and broadcast network hosts and commentators offering analysis after the speech includes only one openly LGBT figure, MSNBC's Rachel Maddow.
From Mediabistro's TVnewser:
|Wolf Blitzer and Campbell Brown will anchor coverage leading into the address along and post-response analysis along with John King. Soledad O'Brien will report on polling data and Jessica Yellin will moderate a focus group in Ohio. Anderson Cooper will report and anchor "AC360" from Haiti at 11pmET. Larry King will be live at 12amET.|
|"O'Reilly Factor" will end at 8:55pmET and Bret Baier will anchor the address, the Republican response, and analysis live until 10:30pmET. Sarah Palin, Karl Rove, Joe Trippi, and Bob Beckel will contribute. Carl Cameron and Major Garrett will report. Greta Van Susteren will be live for "On the Record" until 11pmET. Sean Hannity will be live from 11pmET until midnight.|
|Starting at 9pmET, Keith Olbermann, Chris Matthews, and Rachel Maddow will anchor coverage of the address and response. Live editions of "Countdown" and "Rachel Maddow" will air at 10:30pmET and 11:30pmET|
|Fox Business will have coverage from 8-11pmET anchored by Neil Cavuto from the Newseum. Elizabeth MacDonald will host "Fixing America" beforehand and John Stossel will lead a "town hall" discussion afterward.|
|CNBC special coverage begins at 7pmET with Larry Kudlow in D.C. followed at 8pmEt by "President Obama 1 Year Later," which will be anchored live by John Harwood and Carl Quintanilla from Washington. CNBC will carry the address with and have reaction until 10:30pmET.|
|C-SPAN will begin special coverage at 8pmET with "a historical look at Presidents in their first year in office" followed by the address and response. Coverage will conclude at 11pmET. C-SPAN2 will air live reaction from Representatives and Senators from the Capitol.|
|ABC News' Diane Sawyer and George Stephanopoulos anchor coverage of the address and response from D.C. with Jake Tapper, Jon Karl, and Martha Raddatz contributing. Sawyer will anchor "World News" from Washington and Terry Moran will anchor "Nightline," also from D.C., live at 11:35pmET.|
|Katie Couric will anchor coverage of the address and response at 9pmET as well as CBS' "Special Report: State of the Union" afterward. She will be joined by Jeff Greenfield and Bob Schieffer, with Chip Reid and Nancy Cordes reporting. Harry Smith will anchor "The Early Show" from Washington, D.C. tomorrow morning.|
|Fox News' Shepard Smith will anchor special coverage for FOX broadcasting starting at 9pmET. Chris Wallace will join for analysis and Shannon Bream will report from Capitol Hill.|
|Brian Williams will anchor from DC for NBC News with David Gregory. NBC News correspondents Andrea Mitchell, Chuck Todd, and Kelly O'Donnell will also contribute.|
|Jim Lehrer anchors PBS' broadcast of the address and response at 9pmET followed by analysis from Mark Shields.|
Since we probably won't see much in the way of LGBT voices tonight, Pam Spaulding from Pam's House Blend brings us some reactions from LGBT leaders to President Obama's comments on DADT.
From the January 21 edition of CNBC's Squawk on the Street:
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From the January 15 edition of CNBC's Mad Money:
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From a December 2 New York Times blog post:
Lou Dobbs won't be talking to CNBC again anytime soon.
The business news network said Tuesday evening that it was no longer talking to Mr. Dobbs, the former CNN anchor, about a potential job.
The statement came after The New York Times reported on Tuesday morning that Mr. Dobbs had "held talks with the business news network CNBC in recent weeks." A network spokesman did not deny the report about the talks, but said: "We are not in talks or negotiating with Lou Dobbs. He is not going to work for CNBC."
A December 1 New York Times blog post reported that Lou Dobbs "has held talks with the business news network CNBC in recent weeks" and that he "could conceivably host a prime time program for CNBC" or "become a commentator for the business news network." Given Dobbs' record of promoting baseless conspiracy theories and engaging in inflammatory rhetoric, Media Matters for America questions why CNBC would want to tarnish its brand -- as CNN did -- by hiring him.
From a December 1 New York Times blog post:
Lou Dobbs, who is likely to make a decision about his post-CNN career this month, has held talks with the business news network CNBC in recent weeks, two people with knowledge of the discussions say.
Mr. Dobbs, a free agent whose exit from CNN last month prompted speculation about plans for a political bid, could conceivably host a prime time program for CNBC. He could also become a commentator for the business news network.
The people who spoke about the talks requested anonymity because they were not authorized by their employers to speak about it.
From the November 19 edition of CNBC's The Kudlow Report:
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CNBC's Darren Rovell has some funny ideas about what it means to be an American.
Over the weekend, Meb Keflezighi became the first American to win the New York City Marathon since 1982. But CNBC's Darren Rovell isn't impressed. Darren Rovell doesn't think Keflezighi is really an American.
On his Twitter account yesterday, Rovell wrote "NYC Marathon winner Keflezghi may be a citizen, but can't count as American."
Rovell explained his bizarre views in an article on CNBC's web site:
It's a stunning headline: American Wins Men's NYC Marathon For First Time Since '82.
Unfortunately, it's not as good as it sounds.
Meb Keflezighi, who won yesterday in New York, is technically American by virtue of him becoming a citizen in 1998, but the fact that he's not American-born takes away from the magnitude of the achievement the headline implies.
"Technically American"? No: Keflezighi is American. Not on some technicality or by virtue of a loophole. He is, simply, an American -- and he isn't any less American simply because he did not share Darren Rovell's great good fortune to have been born in the U.S.
Keflezighi's country of origin is Eritrea, a small country in Africa. He is an American citizen thanks to taking a test and living in our country.
Nothing against Keflezighi, but he's like a ringer who you hire to work a couple hours at your office so that you can win the executive softball league.
Well, actually, he isn't anything like that at all. Keflezighi is an American. He immigrated to the U.S. in 1987, when he was 12 years old, and became a citizen in 1998. He has lived in America for 22 years and been a citizen for 11.
You know many "ringers" who start at age 12? You know many people who consider 22 years of residence the equivalent of working "a couple hours at your office"? I didn't think so.
The positive sign was that some American-born runners did extremely well in yesterday's men's race.
If any of them stand on the top step of the podium in Central Park one day, that's when I'll break out my red, white and blue.
Now there's a guy who loves his country.
Here's an excerpt from a 2005 Sports Illustrated profile of Keflezighi:
Meb's story begins in Eritrea a quarter century ago. Russom Keflezighi was the father of five young children (Meb was number 4), husband to a pregnant wife, Awetash, and a hunted member of the Eritrean Liberation Front, a civilian organization seeking independence for Eritrea from Ethiopia. "By 1981 the enemy was very close," he says. He would often sleep in the woods outside his village to avoid detection.
His wife urged him to leave the country rather than be jailed or killed. In July 1981 Russom walked out of his village in tears and headed for the border with Sudan, nearly 100 miles and seven days away. Two years later he moved to Milan, Italy, with the aid of an Eritrean woman who had borne him a daughter, Ruth, before he married Awetash.
Russom worked as many as four jobs at once and sent money back to Eritrea. At home the Keflezighi boys dodged violence every day. "We saw body parts on the highway," says Meb. "But it was the only life we knew." In 1986 Russom brought his family to Milan and then--14 months later, sponsored by Ruth, who was 19 years old and living in the U.S.--to San Diego.
In California, Russom worked tirelessly. He did not let his children take jobs. "I told them, 'You will have a better life if you study,'" he says. The family grew to 11 kids. Today the six oldest have college degrees, and the seventh is a freshman at Stanford.
UPDATE: Rovell apologizes. Sort of:
I said that Keflezighi's win, the first by an American since 1982, wasn't as big as it was being made out to be because there was a difference between being an American-born product and being an American citizen. Frankly I didn't account for the fact that virtually all of Keflezighi's running experience came as a US citizen.
This is where, I must admit, my critics made their best point. It turns out, Keflezighi moved to the United States in time to develop at every level in America. So Meb is in fact an American trained athlete and an American citizen and he should be celebrated as the American winner of the NYC Marathon. That makes a difference and makes him different from the "ringer" I accused him of being. Meb didn't deserve that comparison and I apologize for that.
In other words, Rovell wrote a column smearing Keflezighi without bothering to do 20 seconds of research to find out if his central premise was correct. That's some good journalism!
Rovell also writes:
I never said he didn't deserve to be called American.
Oh, really? What about when Rovell wrote that Keflezighi "can't count as American"? How about when he wrote that Keflezighi is only "technically" American? Or when he analogized Keflezghi's American-ness to a "ringer" who works "a couple hours" in an office?
UPDATE 2: Keflezighi's fellow UCLA alums over at Bruins Nation are not amused:
The first point I'd like to make is that Meb did more than just "live" in the country. For the most part, he grew up here. Last time I checked, the University of California, Los Angeles contains three words that identify itself with the United States, so he was educated here. And being a citizen thanks to "taking a test" is no small feat, considering that there are reports circulating that a mere 3.5% of American High School students would be able to pass that same test. I'd like to know if Rovell could pass. I know I have my doubts.
What I'm really wondering what ... Revell would say to the parents and wives and children of dead American soldiers who died in battle defending this country after becoming naturalized citizens. I wonder if they would tell them "Thanks, but it's not as if they were real Americans who were actually born here."
I not only rejoice in Meb's win because we are both Americans. I rejoice that I live in a country that allows great men like Meb to become citizens and then proceeds to treat him no differently than those whose families came over on the Mayflower.
On his CNBC show, Larry Kudlow distorted a provision in the health care reform bill proposed by Sen. Max Baucus (D-MT) to claim that "if an individual opts out of this insurance plan ... apparently they face a $25,000 fine, or imprisonment, or both." In fact, the bill would levy a $1,900 "excise tax" on those who don't purchase health insurance; those who refuse to pay the tax could face a fine or prison sentence, as the Wall Street Journal editorial Kudlow cited as the source of his claim clearly stated.
From the September 9th edition of CNBC's coverage:
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