Media to Blame for Not Informing Us About Impending Recession?

As the global economy appears to at least be bottoming out, questions still remain as to why so many people worldwide were blindsided by the severity of the crisis. Part of blame, it seems, may rest with the media. According to a recent 52-nation online survey conducted by The Nielsen Company, the general consensus among consumers across much of the world is that the media did a poor job informing the public about the issues leading up to the current financial crisis. In every region except Latin America, the percent of people who agreed or strongly agreed that media coverage was inadequate outnumbered those who disagreed by 2-to-1.