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Economic Crisis
- 1. Team NBC does the Economic Crisis Team U S A Dan Ingram Penelope Filyo Austyn Foster Jamie Keith Shannon Lozon
Hinweis der Redaktion
- limiting coverage to general overview of the situation CNBC ends up confusing the viewer with overly complicated term Much of news time is devoted to this. In many cases Bear Stearns crisis is related to political agendas of candidates
- --Overall a very negative and accusatory tone -- Even money markets, typically the safest place to keep money are being affected -- Emphasis on the use of taxpayer money to bail them out -- “Can anyone stop this thing?” “What are we going to do when the next one fails, bail them out too?” -- Talks to experts, but it’s sensationalized – they do a financial calculator thing to say that if we keep doing this, it will end up putting more than $300 billion of taxpayer money at risk. Also saying that the federal reserve might have to print more money, which means that the value of your paycheck will go down, and prices will go up -- Overall, the tone gives the sense that this is just bad, and there isn’t anything we can do but sit back and wait.
- http://tvnews.vanderbilt.edu.proxy.lib.umich.edu/tvn-video-view.pl?RC =919972 Before the federal Bailout is passed, a lot of that week’s coverage was about the risks of the bailout, and debates/arguments for and against the government’s steps to avoid a depression with “experts” which are typically CNBC people. They cover a lot of the bases of what happened, they talk to financial people who "debate" the two sides [supporting vs. not supporting] the bailout, and they have a segment titled "What Happened?" where the reporter goes into details about the housing market, and how this in turn affected us as taxpayers.
- Global stock markets plummeted
- No mention of Greece despite the fact that by the end of 2009 second highest budget deficit and second highest debt to GDP ration in the EU Financial institutions around the world were impacted Sept.- Oct. 2008: all three of Iceland's major banks failed