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ABC, CBS: Did ‘Heightened Fear and Prejudice’ of Ground Zero Mosque Prompt NYC Violence?

ABC’s Good Morning America and CBS’s Early Show on Thursday both speculated as to whether the stabbing of a New York City cabbie was prompted by a climate of anti-Islamic anger. At the same time, GMA and NBC’s Today both ignored the fact that the attacker, Michael Enright, volunteered for a charity supporting the mosque. ABC’s Jeremy Hubbard wondered if the violence was ” proof the rhetoric surrounding the proposed Islamic cultural center and mosque near Ground Zero has created a heightened fear and prejudice against Muslims .” Early Show’s Chris Wragge bluntly asserted, “And this ongoing debate may have led to a brutal anti-Muslim attack here in New York City.” However, only CBS’s Elaine Quijano pointed out this salient piece of information: “Now, as for Michael Enright, he had volunteered for a group that promotes interfaith dialogue. The group Intersections International has supported the controversial cultural center and mosque near Ground Zero.” ABC’s Hubbard vaguely explained, “[Enright] also volunteers for a collegiate, church-affiliated group, dedicated to promoting peace and understanding.” ABCNews.com , on the third page of a three page story, did acknowledge the connection : Enright had traveled to Afghanistan with an organization called Intersections International, a New York-based group that promotes itself as promoting justice and peace across lines of faith (and has come out in support of the Islamic cultural center’s construction.) NBC’s Today had almost no coverage of the violence. Natalie Morales briefly explained, “An Honors student is charged with attempted murder and assault after allegedly stabbing a New York City cab driver in the neck. The victim said the suspect, Michael Enright, asked him if he was a Muslim and then slashed him.” A transcript of the Early Show segment, which aired at 7:12am EDT, follows: CHRIS WRAGGE: A new poll says a growing number of Americans are against the proposed Islamic center near Ground Zero. And this ongoing debate may have led to a brutal anti-Muslim attack here in New York City. CBS News correspondent Elaine Quijano has the disturbing details this morning. Elaine, good morning. ELAINE QUIJANO: Good morning to you, Chris. Well, police say the attacker was a college student who had done volunteer work in Afghanistan. He is now behind bars facing multiple counts, including attempted murder and assault as a hate crime after allegedly attacking a cabbie who said he is Muslim. Police say 21-year-old Michael Enright asked a New York City cab driver whether he was Muslim. When he answered that he was, Enright, authorities say, attacked. First uttering in Arabic a common greeting in the Muslim world, peace be unto you. AHMED SHARIF (slashing victim): I’m driving. He ask me where I’m from. I said, “Bangladesh.” Then, second question he asked me, “Are you Muslim?” I said, “Yes.” Then he told me “As-Salamu Alaykum.” QUIJANO: The alleged hate crime took place against the backdrop of a highly emotional debate over whether an Islamic cultural center, including a mosque, should be built two blocks from Ground Zero. The protests are spreading from New York to Tennessee where an intense debate over a proposed mosque near Nashville has raged all summer. UNIDENTIFIED WOMAN: It’s not about religion. It’s about stopping Tennessee homegrown terrorists. QUIJANO: There are nearly seven million Muslims and 1200 mosques in the United States. But a CBS News poll found 71 percent of Americans say it’s inappropriate to build a mosque so close to Ground Zero. Among them, some families of 9/11 victims. KEN FAIRBEN (father of 9/11 victim): I understand their religious beliefs. I understand they should have a place to play, an educational center. I have no problems with that whatsoever. But not there. Definitely not there. QUIJANO: Now, as for Michael Enright, he had volunteered for a group that promotes interfaith dialogue. The group Intersections International has supported the controversial cultural center and mosque near Ground Zero. If Enright is convicted of attempted murder, he faces a maximum eight to 25 years in prison.

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ABC, CBS: Did ‘Heightened Fear and Prejudice’ of Ground Zero Mosque Prompt NYC Violence?

Cramer: ‘Mass Panic’ in Markets Tomorrow After ‘Shocker’ GDP Released

It is a curious phenomenon – the way the media have handled the economy since President Barack Obama has taken office. Generally the coverage has been on the optimistic side over the last 18 months. But could this blind optimism come back to haunt people that trade on economic metrics? According to CNBC “Mad Money” host Jim Cramer, it will and in a big way on Aug. 27, when the new gross domestic product numbers are released. On CNBC’s Aug. 26 broadcast of “Street Signs,” Cramer predicted dismal numbers during his “Stop Trading” segment, which has been contrary to the way the market reacted. “Look, I’m going to give you my forecast right now – I think we’re going to get 0.5 percent GDP, OK?” Cramer said. “But, let’s say we get 0.5 percent GDP. Everyone’s going to say it’s horrible. We’re going to go track down economists, Nobel winners who think it’s a double dip. And it’ll be like shocker – 0.5 percent. And I’m telling you it’s going to be 0.5 percent. It’s like the housing number. On my show I said it’s going to be declined 50 percent. We get 30 percent. It was like shocker. Whoever is making these estimates is just so wrong because you know, you piece these pieces together on a daily basis like I do and come up with something between zero and 1 percent growth.” “So when it comes out as 0.5 percent – other people are – I don’t know who those people are,” he continued. “I don’t know who they’re listening to or talking to. But it’s very clear that we’re going to have no growth. Why is that shocking?” “Street Signs” fill-in host Amanda Drury asked Cramer if this was already baked into the market, to which Cramer said it wasn’t and predicted a panicked reaction in the market. “No, it’s not. Tomorrow I’m predicting mass panic tomorrow morning,” Cramer said. “[M]ass panic, market looking down 15 ticks. It will be that way because it will be like, ‘Oh, my.’ And how can it be ‘Oh, my?’ We’re on a national TV show right now, OK? We’re watched by everybody. I’m telling you it’s going to be 0.5. How when it comes out and 0.5 [percent] is that shocking to people? Are you not watching? What are you watching? ESPN? Are they talking about 0.8 percent on ESPN? Maybe that’s it. Maybe on the YES Channel they’re using 2 percent. I don’t know what they’re watching.” On Aug. 26, the Dow Jones Industrial Average closed below the 10,000-point mark. And while there have calls by prominent economists that say a double-dip recession is more likely, Cramer still showed his astonishment over the rosy attitudes of some. “I don’t know what network they’re – you know, if you listen to everybody here, everyone’s looking for 0.5 percent. So when it comes out at 0.5, I want to know who is still surprised. What planet are they on?” Later in the segment, the “Mad Money” host revised call even lower – to 0.3 percent, then to 0.2 percent. But stuck with the call it would come in between zero growth and 0.5 percent growth.

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Cramer: ‘Mass Panic’ in Markets Tomorrow After ‘Shocker’ GDP Released

CNBC’s Cramer and Burnett: Could BP and Obama Have Handled Spill Better?

Reports are surfacing that BP is finally considering a suspension of its shareholder’s dividend, but what could have been done differently to avert the public relations nightmare BP is facing? Two CNBC hosts had some ideas about that, and about what could have happened if BP chose not to play ball. Jim Cramer and Erin Burnett shared their thoughts on the “Stop Trading” segment of “Street Signs” June 11 . According to the “Mad Money” host, Obama could have set a foul precedent for multi-national businesses if BP (NYSE: BP ) didn’t agree to make some concessions on how it is handling its day-to-day operations in the wake of this ecological crisis.  “I think that this is a, a stock that represents great value but you’re dealing with the government,” Cramer said. “I saw that Nancy Pelosi, she’s the second most powerful person in our country, saying that they shouldn’t be paying a dividend. I mean, this is one of those situations where I know, the president’s approval ratings are down and what you got to do is you got to go after BP if you’re the president. I’m not saying I would do it but I’m saying if I were the president of the United States, BP is public enemy number one and you’re not even going to listen to what the British say. You just gotta say, ‘Guys, here’s the deal, we’re not, we’re not going to have any dividends here. And just you know, take it or leave it, partner, because this is a company that needs U.S. ball play.” And as for other cards the Obama administration could play? There were several since it’s politically ripe for the legislative and executive branches to act in an extraordinary manner. “Hey listen, the president could take away Prudhoe Bay,” Cramer continued. “There’s a Fifth Amendment against the taking of property in this country, as opposed to like say the old Soviet Union. But you know what, I got to tell you, when you got an angry president and angry Congress, nobody’s safe. And Mark Twain said that a few years ago.” And Burnett wondered if both parties involved, the federal government and BP, might have come out way ahead had this matter been handled behind the scenes. “You know, yeah, I just wonder Jim, you know if you think about it whether the administration in hindsight could have done it differently,” Burnett said. “You know, instead of having the first thing you do – go out and say they should cut the dividend publicly, making them sort of look evil, maybe privately you have that conversation. And maybe they did and BP was just so resistant, that’s why they went public. So maybe I’m jumping to a conclusion, but if they didn’t, it would seem maybe having a little bit more – let’s just say [better] relationship between the government and BP. At least while we get through this. It might have been a better thing.” But one thing Cramer pointed out that not a lot of other outlets have seemed to pick up on – the amount of oil gushing from this spill in such a short amount of time indicates this was an incredibly huge find from a purely oil exploration perspective. “What you have on right now, you see the flow, and I thought it was 1,500,” Cramer said. “I remember when I was on the ‘Today’ show and they were talking about it being 1,500 barrels, 2,000 barrels. Now look, here’s what my oil friends say. My oil friends are very tied in. This is the greatest well in the world right now. It is literally pumping out more oil than anyone has ever seen. It has not let up one bit. My friends who are oil men are saying the same thing over and over – “This is the greatest discovery in this planet and what’s really going on is that they can’t get the pressure down. They’re just stalling hoping the pressure will come down and it doesn’t stop. It’s the greatest find of all time.”

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CNBC’s Cramer and Burnett: Could BP and Obama Have Handled Spill Better?