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...conservatives especially, much of network reporting, and not just at CBS, can seem highly editorialized. The Administration contends that defense expenditures help stimulate the economy. ABC's Economics Editor Dan Cordtz countered, in a report, that a major military buildup would provide "the wrong jobs in the wrong places." ABC closed its evening news program a few days before Christmas with a montage of children on Santa's knee in Beaver County, Pa., asking not for toys but for jobs for their unemployed fathers...

Author: /time Magazine | Title: Press: The Dismal Science Hits a Nerve | 1/24/1983 | See Source »

...employs three reporters or commentators on the subject to serve both evening and morning news programs. Each airs more prime-time documentaries than ever before on business and finance, even though the programs are unlikely to rival the movies of the week for ratings points. A few weeks ago, ABC profiled a subject that would have been unthinkably arcane before the onset of the recession: the arbiter of the nation's money supply, the Federal Reserve System. Correspondents Cordtz and Mike Connor blamed the recession not mainly on Reagan but on the Fed's tight-money policy that...

Author: /time Magazine | Title: Press: The Dismal Science Hits a Nerve | 1/24/1983 | See Source »

With increasing frequency, network reporting aims toward a necessarily simplified but often illuminating explanation of events. ABC's Cordtz, a former writer for FORTUNE and the Wall Street Journal who is recognized even by rival network executives as the best on the beat, specializes in giving viewers a primer on how things work. In one stock market story, for example, he included a step-by-step description of how a share of stock is bought and sold; in a report on the downturn in retail sales, he ticked off the roles of Government, business, foreign buyers and consumers...

Author: /time Magazine | Title: Press: The Dismal Science Hits a Nerve | 1/24/1983 | See Source »

...York Times alumnus, and Irving R. Levine, a longtime correspondent in Moscow and Rome who pioneered the beat starting in 1971. Levine is sometimes regarded by critics as behind the times, perhaps because he rarely uses flashy graphics. He urges an administrative change, already undertaken at rival ABC, that would, he says, greatly improve coverage: designation of a pool of specialized producers (ABC has five) to work on economics. Says Levine: "Not having to initiate a new person into basic understanding each time would increase my productivity enormously...

Author: /time Magazine | Title: Press: The Dismal Science Hits a Nerve | 1/24/1983 | See Source »

Police Squad! (ABC). The folks responsible for the hit movie Airplane! found TV a congenial medium to spoof cop shows with a bizarre deadpan wit. This superior sitcom came and went in six spring episodes; it should have stayed...

Author: /time Magazine | Title: Books: The BEST OF 1982: Books | 1/3/1983 | See Source »

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