Is The Media Partly Responsible For The Economic Crisis?
The rupiah nosedived towards the US dollar in the Jakarta interbank spot market, dropping below the extent of Rp11,350 per US dollar as market players have been anxious over nationwide economic development.
This is partly as a result of 24-hour information cycle” which is pushed by cable news and the internet. There is a lot of time and column inches to be filled, so commentators indulge in endless speculation about politics and political figures. Very little of this is actual news, if by news you mean a factual reporting of something that has truly occurred. Bagdikian, B. H. The New Media Monopoly: A Completely Revised and Updated Edition With Seven New Chapters. Beacon Press, 2004. In May 2017, S&P has downgraded 23 small-to-medium Australian monetary establishments as the chance of falling property prices increases and potential financial losses begin to increase. In June 2017, Moody’s downgraded 12 Australian banks, together … Read more
The reality of the matter is, this isn’t a recession. It is an outright melancholy, as unhealthy as or worse than the 1929 stock market crash and ensuing despair. Even the causes are similar. A lot of people misplaced a lot of money in the inventory market this time, too. The the explanation why that is so differ from 1929, but that doesn’t matter ultimately result.