--- In FairfieldLife@yahoogroups.com, "ShempMcGurk" <shempmcg...@...> wrote: > > Unlike Al Gore who, with wide-eyed hypocricy, sees nothing wrong with touting > AGW while making over $100 million from green companies, Fox News raps Glen > Beck for possible conflict of interest: > > Thar's gold in them shills! Fox raps Glenn Beck's endorsement deal > Jeff Bercovici > Dec 7th 2009 at 7:45PMText SizeAAAFiled under: People, Media > More > > Glenn Beck's dual embrace of gold -- as an investment vehicle for his > listeners and a personal moneymaking opportunity for himself -- has drawn > boos from various journalism watchdogs. And now it looks like the talk-show > host's close relationship with one purveyor of gold coins has gotten him in a > bit of trouble with his employer Fox News. > > Beck is prominently featured on the website of Goldline International, a > vendor of "gold, silver, and platinum coins and bars as well as rare and > collectible numismatic coins." According to the site, Beck is a "paid > spokesman" for the company. "This is a top notch organization," a thumbnail > photo of Beck's head declares. > > Beck regularly does "live reads," or live commercials, for Goldline on his > syndicated radio show, and has even interviewed Mark Albarian, Goldline's > president and CEO, twice on the show, most recently on Nov. 12, 2009. > > Critics including Media Matters say it's a major conflict of interest for > Beck, who has often advised the viewers of his Fox News program to buy gold > to protect themselves against the collapse of the dollar -- and of Western > civilization -- without informing them of his Goldline deal. > > Like other news organizations, Fox News prohibits its on-air personalities > from making paid product endorsements. But it makes an exception for its > commentators who are also radio hosts, who are allowed to perform live reads, > says Joel Cheatwood, senior vice president for development. > > "When we hired Glenn at Fox News, we hired him with the understanding that he > had a well-established, burgeoning radio business, and we had to be accepting > of certain elements of that," Cheatwood tells DailyFinance, noting that > Beck's relationship with Goldline dates back to his time at HLN, CNN's sister > network. > > The same understanding applies to Don Imus, who recently started simulcasting > his radio show on Fox Business Network. (An MSNBC spokesman says his network > has a similar policy in place, while a spokeswoman for CNN said only, "CNN/US > anchors and correspondents are prohibited from participating in any paid > endorsements of products and services.") > > But the exemption is meant only to apply to live reads, not to the kind of > broader spokesmanship Beck, to all appearances, provides Goldline. In > particular, Beck's ubiquity on the Goldline website is not in keeping with > Fox's rules. A Fox spokeswoman said the network's legal department is taking > up the matter with Beck's agent, George Hiltzik. > > Even so, it could be argued that taking money from a gold vendor in any form > creates a conflict of interest that calls into question Beck's objectivity on > stories touching on gold's investment value. I asked Cheatwood whether Beck > is capable of covering the issue in an impartial way. > > "I think the beauty is he doesn't operate in a vacuum with the show," he > said. "He's got a staff. I'm involved with the show daily. The rundowns of > the show are circulated through Bill Shine," the network's senior vice > president of programming. "It's a cooperative effort." > > "If gold declines and the dollar goes up," Cheatwood added, "I absolutely > guarantee the reporting will be that on the show."
I think there is something to that, but Beck isn't the only one doing it. That is, talking DOWN the economy to sell Gold. Not good............but there is also some truth to it as well, the dollar is slipping.
