Poll Finds Fox News Viewers Significantly Misinformed

PinnochioA poll conducted by WorldPublicOpinion.org has found that the higher amounts of money flowing to the 2010 elections led to a more poorly informed public. The poll, titled "Misinformation and the 2010 Election: A Study of the U.S. Electorate," was the first conducted after a national election since the Supreme Court handed down its decision in Citizens United v. the Federal Elections Commission, which freed corporations and unions to spend unlimited money to influence U.S. elections. The poll found strong evidence that voters were significantly misinformed on many issues that figured prominently in the 2010 election campaign, including the stimulus legislation, the healthcare reform law, TARP, the state of the economy, climate change, campaign contributions by the U.S. Chamber of Commerce and President Obama’s birthplace. In most cases, increased exposure to news sources decreased misinformation, but exposure to certain news sources were found to create higher levels of misinformation. For example, people who watched Fox News almost daily were significantly more likely to hold beliefs that are not true, including that their own income taxes have gone up, that most scientists do not believe climate change is occurring, that most economists estimated the new health care reform law will worsen the deficit, that most Republicans opposed the TARP bailout, and that Barack Obama was not born in the United States and cannot legitimately serve as president.

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Lorillard Loses

A Massachusetts jury has ordered cigarette maker Lorillard, Inc. to pay $71 million in damages to the family of a Boston woman who said she was seduced into smoking Newport cigarettes as a child. The plaintiff, Marie Evans, died from lung cancer at age 54, after smoking Newport cigarettes for 40 years. Before her death, she gave a videotaped deposition in which described how, starting at age nine, she received free samples of cigarettes from a man in a white truck who would drive through their neighborhood passing them out to children. Evans said the trucks "seemed to be there waiting when we got out of school." Evans' sister, Leslie Adamson, corroborated her testimony. Evans accepted some responsibility for never being able to quit her nicotine addiction, even after suffering a heart attack at age 37. Lorillard denied marketing cigarettes to children and targeting black communities with Newports.

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New Committee Chair Gets Ready to Serve -- the Banks

Spencer BachusAfter 18 years in the House, Republican Alabama Congressman Spencer Bachus will finally take over as House Finance Committee chair come January. The committee has wide jurisdiction over banks, capital markets, housing, consumer credit and the health and stability of the financial system. Bachus explained to his local paper the new attitude he plans to bring to his job: "In Washington, the view is that the banks are to be regulated, and my view is that Washington and the regulators are there to serve the banks," Bachus declared. Before he even takes over the committee, Bachus is already on bended knee threatening to gut funding for Elizabeth Warren’s Consumer Financial Protection Bureau, working to postpone the implementation of the "Volcker rule" ban on Goldman Sachs-style proprietary trading, and pledging to weaken the derivatives reform portion of the bill, calling it "overly expansive."

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