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Thursday, July 3, 2008
Exclusive: WND Launches Financial Newsletter
Topic: WorldNetDaily

Perhaps seeing the apparent success of rival Newsmax in the field, WorldNetDaily is launching a financial newsletter.

In an article dated July 5 but available on its website, WND announces the creation of an "online global financial strategies newsletter" called Red Alert, to be headed by WND reporter and author Jerome Corsi. The newsletter is described as being for "for people of wealth and those who want to be people of wealth," specifically, those with "assets of $1 million or more to protect" or income of "$85,000 a year or more." It proposes to offer "the insights and behind-the-scenes reports and deep analysis of one of America's top political thinkers, journalists, commentators and financial gurus." it sells for $99 a year or $9.95 a month for credit card users.

Corsi holds no indicated degree in finance or economics (his Ph.D. is in political science), but the article states that he has "developed ... third-party financial services marketing firms" and "has been a noted financial services speaker and writer, publishing three books and numerous articles in professional financial services journals and magazines." WND also claims that Corsi is "a licensed National Association of Security Dealers registered representative" and "holds currently valid insurance licenses in New Jersey."

As noted earlier, this appears to be WND's effort to play catch up to Newsmax in the area of financial news. In contrast to WND's relatively MoneyNetDaily page, Newsmax offers a more robust MoneyNews page with several original columnists (the only original finance-related columnists WND offers are financial adviser Dave Ramsey and buy-American-only author Roger Simmermaker). Newsmax has offered a "Financial Intelligence Report" newsletter for several years.

Corsi has a history of making derogatory remarks about Democrats, using his WND writings to forward personal grudges and hurl baseless smears, and hiding the truth when it suits him. Corsi also has an attack book on Barack Obama coming out later this summer.

Posted by Terry K. at 12:28 AM EDT
Updated: Thursday, July 3, 2008 12:33 AM EDT

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