"We could see some more profit taking as retailers release somewhat tepid results, since the quarter included bad winter weather and the CNN effect," said Tim Ghriskey of Ghriskey Capital Partners, a money manager in Bedford Hills, N.Y. "The CNN effect" refers to consumers who stayed home to watch coverage of the war in Iraq instead of going out and spending.
"Leading Indicators Index to Be Posted," Los Angeles Times, May 19, 2003
Concern about flying anywhere is the reason most often given for canceling trips. But some people say they are staying home for other reasons as well. Some potential travelers are riveted to their television sets, captivated by the constant news reports about the war, a condition that some people are calling the "CNN effect."
Eben Shapiro, "Fear of terrorism is curbing travel," The New York Times, January 28, 1991
reverse Bradley effect
weapon of mass distraction