Why CNN has trouble covering the current economic crisis

Dale Dougherty writes on BoingBoing his 10 reasons why cable news channel CNN has had trouble covering the current financial crisis.

Here are a few:

1) It’s not a hurricane so Anderson Cooper of CNN is unable to position himself in the middle of the storm for optimal drama. In other words, TV anchors can’t get wet and windblown, while viewers worry about their safety. The state of the economy is a disaster but not a natural disaster. Nobody’s leaving the studio for this one. There’s no place to go.

2) It’s like a war and we keep losing ground each day. In the place of casualties, we have falling stock indices but it’s hard to show the real damage. There’s only so much you can do with oversized charts to tell a story. The war on terrorism featured a real enemy. We’ve just never been able to find them, no matter who goes after them. (Maybe it’s not so different.) Campbell Brown (“No Bull, No Bias”) should say that what the capitalism’s finest did to themselves and to us was worse than any terrorist could have imagined.

3) Few CEOs, fewer economists, and almost no one in the financial industry, want to step forward and say with conviction what will happen. A year ago we couldn’t get them to stop telling us what great things to expect in the next quarter. Not now. They don’t know what’s coming and they aren’t willing to say even that much. They are MIA. Insider information is at an all-time low.

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