View Full Version : The Media and the R word

6th Oct 2008, 12:15

Whilst I appreciate the news must be reported. I find there is a bias towards how bad everything is. "Chicken Licken Itis", the sky is falling.

Whilst life is not always positive, I think we must reflect on the fact that if unemployment went to 10%, there are still 90% of the population working. And yes I appreciate we have higher tax burdens to carry those who are unfortunate to be "temporarily" unemployed. And the other technical points of increase unemployment. However, the world continues to revolve, and perhaps some optomise creeps in there. Also, whilst front pages are filled with horror stories "Fleecem and Scarper Bank Plc" are being taken over by "Ever Cunning Bank Plc", the back and middle pages hold news such as "Big Computer Company" announces 200 Jobs, in East Cumbria, etc etc.

I know this sounds like pontificating or sermonising, but I'm just tired of the daily bombardment of horror to the point I've stopped buying all newspapers and switch off the news in the morning. Not because I' have no interest, but because the prophets of doom are dragging us into being completely miserable and there is hardly ever a positive note. I know it's the news, but give it all fair reflection.


6th Oct 2008, 14:10
Whilst bad news sells more newspapers and evocative headlines grab the attention, the extraordinary happenings of the last weeks has little to do with the meeja and has been brewing for some time. The chances of there being a 'run' on a bank is perhaps enhanced by what the customers read, but these would have to be relatively unsophisticated customers to base a big decision on spurious reports. A huge UK bank came within hours of going t1ts up last monday due to a credit line being denied, but was 'injected' by the govt and that gained hardly any coverage and perhaps that was deliberate.

The majority of the body-blows that have been reverberating in the financial world have been caused by one set of professionals refusing (effectively) to lend to other professionals because they all have dirty laundry in their closets and no-one is willing to be the first to say that they have in public, so there is NO confidence in the market. If the 'meeja' report on that, then so be it. With most news being of the negative type, we could ignore the broadcasts and our lives would go on (and probably happier to boot), but that which is taking place now really does affect everyone, unless of course you have a massive cash/gold pile in a safe place.

There will be positive elements to be reported and new jobs will be created and new wealth, but I fear that until 'this' has played itself out, it will be hogging the headlines for a while yet.

Slan go foill


6th Oct 2008, 14:42
Like porn for women, there has never been a successful attempt to market good news.:rolleyes:

6th Oct 2008, 14:49
Like porn for women, there has never been a successful attempt to market good news

Succinct and very true :D :}



6th Oct 2008, 15:34
HappyNews.com - All The News That's Fun To Print (http://www.happynews.com)

Effluent Man
6th Oct 2008, 15:54
Good news is an excellent example of an oxymoron.

7th Oct 2008, 00:12
Whereas - Economic journalists have successfully predicted 13 out of the last three recessions.

( Plagiarised from an Economic journalist's article I read many years ago. Still valid though)

7th Oct 2008, 08:31
Thats the best comment I've seen in here in an age!

G&T ice n slice
7th Oct 2008, 23:10
Now here's an interesting job...

The R-word | Economist.com (http://www.economist.com/finance/displaystory.cfm?story_id=566293)