An argument that the media and environmentalist's overreactions hurt business (tobacco, asbestos) and inspire bogus lawsuits.
Written in 1993; 1,800 words; 7 sources; $ 63.95
From the Paper:
"The purpose of this research is to show how business is often impacted by the media, with the result being government regulation and costly litigation. Two industries, the asbestos and the tobacco, will be highlighted to illustrate this problem.
Many people today believe that what does not fit the ideological preconceptions of the media is not considered news today. For example, while talk of rich and poor abounds, a recently released statistical report from a Treasury Department study of income tax returns showed that most Americans did not stay in the same part of the income distribution very long. Among people whose incomes were in the bottom 20 percent in 1979, 86 percent were in some higher income bracket by 1988. In other words, only 14 percent of the "poor" were still in the bottom quintile a decade later. Fifteen percent had risen all the way..."
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