The best thing which could happen during this recession for the media to stop the excessive and grossly overstated doom and glum reporting. As reported on Reuters today, the national unemployment rate in January was 7.6%. Since 5-6% of all unemployment are the hardcore unemployed or those looking for new jobs anyway, the current figures indicate that 92.4% of all employable people are getting on with their lives, making money and causing the economy to recover. The general public is really tired of media exaggeration.

i totally agree to what jj smith posted ,what fun does media gets after makin people panic,
i think reuters can think out of the box showin that 92.4 percent are employed other dumb media would follow hurray we are out of recesion

Forty-five percent of the world’s wealth is gone. This is not a situation where optimism is going to work. It is merely a facet in a long term recovery. The world we live in now is going to be a very different place. In a real sense the world we knew died last year.
There are going to terrible choices which will have to be made. The numbers simply do not add up to a possible recovery this year. There is too much unknown and therefore unmeasureable debt. The United States is only one player in a world in which the other countries are generally either worse off or roughly even. Optimism will not cure their problems either.

I was a mortgage broker when this started. The banks with the approval of Fannie Mae begin making loans that were half what the standard interest rates were, with reset dates of 5 to 7 years. People were buying milliom and multimillion dollar homes. Now they can’t pay for them and no one wants to buy a million dollar home. They should have listened to George Bush and Allan Greenspan when they warned congress a few years ago to put more regulations on Fannie Mae and Freddie Mac. The very people who laughed at them then are pointing fingers at them now. I have a copy of the warning message. The best thing to do in the situation is to allow the collapse to occur, then we won’t have inflation connected to the depression which only makes it twice as bad.

Its good to hear the following changes which will make reauters a new & find experience.
Barack Obama: First 100 Days is a good reading experience.

I don’t want human interest stories. I can get that from my local news. And that’s why I don’t watch my local news. And I don’t want happy, optimistic news.
I want facts. Hard facts. I want to learn why this happened, how it will end, and what will follow.
Right now I have half a dozen tabs open with everything from Yahoo finance to the Economist, along with Reuters.
The source that’s the most compelling will become my financial news source. Will it be Reuters? We shall see.

I agree with these comments, the media is very negative and this has produced a negative society. I am old enough to have been in the great depression and remember Roosevelt’s upbeat, positive messages in his fireside chats. He provided hope and confidence and spoke in plain English that even a child could understand. Today’s speeches are very technical and filled with acronyms (did anyone understand what Geithner said in his first appearance before the committee?)

In addition, the Republicans in congress voted for Roosevelts proposals, there was no partisan bickering.

Those talking are the same as the stay at home brigade 1940 - 1945.
Get out there and get on with it and stop talking.

thanks David. Keep on adding more stuff related to Businees World especially if u can come up with more business data and facts about world most renowned company and their current posistion