Fear professionalized
I do not intend to open a debate conspiranoico, but what is happening this year in the financial markets of escapes all logic. He really is the wrong thing or is that we are getting scared?. For this rescue an interesting interview with Joanna Bourke, author of a book on the subject.
Let's make a little history by recalling one of the first fears induced by the media:
One of the most famous modern outbursts of panic was connected to fear instilled by the media, led by radio parody The War of the Worlds by Orson Welles (1938). Interestingly, a similar outbreak of panic had already taken place in 1926, when the BBC issued a UK chain of radio play created by one F. Knox. Many of the elements were the same: use of false known format of the news coupled with a rising tone of panic in the voice of the presenter. The effects were similar and panic spread throughout the UK. Anyway, what is striking is that, contrary to The War of the Worlds, this would have disappeared from popular memory. Bourke said: "I think the wave of panic that Welles caused through radio has overshadowed the resulting Knox. After all, more than a million Americans were affected during the last wave of panic (many more than in 1926). Anyway, there was also another reason: in 1926, there was a palpable feeling of shame: everyone wanted to forget the fact as soon as possible. In the U.S., on the contrary, although it could talk about the shame, other groups within society are served in many senses a panic to reaffirm their status (top). Sociologists were involved, preparing elaborate theories about the psychology of crowds. Was a professionalization of panic in 1938 that did not exist in 1926. "
Not to mention the setting they have on certain topics:
It also highlights that "despite the fact that only seventeen people lost their lives because of terrorist acts in the United States between 1980 and 1985, the newspaper New York Times published an average of four articles on terrorism in every edition. Between 1989 and 1992, only thirty-four Americans died as a result of terrorist acts in the world, but more than 1,300 books were classified under the rubric of "terrorists" or "terrorism" in U.S. libraries "
As you can see in the media when they decide to issue a non-stop and brought to approach it in a way that is usually opt for the fear and a feeling that is very strong and it can hook to the citizen.
In the business press as we are, frankly it is difficult to think about whether this is a real fear or a fear fictíceo, the truth is that we have from both nerves and with a flower of skin reactions are usually wild and illogical. For example, the article of yesterday afternoon saw an old story did get off a few times, more than 70% of the shares of United Airlines. Now we are with the displeasure of Lehman Brothers and its financial problems, for which I quote the article yesterday:
Imagine for a moment that what has happened with UAL would have happened with a bank and began to spread that is bankrupt and that the shares have fallen by 99%: With the flood of customers withdrawing funds, although the news was 100% false, eventually became 100% true ...
The same is exactly what might have happened, thankfully last night reported that Goldman was still working with Lehman and then a chain reaction with many more banks. Therefore, for the moment we leave it as a big shock.
In this environment sensiblón so, we have the fun of OPEC spending jokes and saying that cuts in their output 520,000 barrels a day since it seems that had been used to seeing the crude above $ 100. No win for Rider.
And finally, if you are very bored, you can see live appearance of Zapatero before the congress in which he will defend his actions for responding to the crisis. Scary.
(Unrated) 
Loading ... Written by Carlos Lopez on Sept. 10, 2008 with 170 points.
(4.71 sobre 5) 
# 1, condonacion_jeje
I'm seeing the appearance of ZP in Congress and is basically giving us very good mood q but ZAPATERO action ... ZERO! nose that he misses this guy jajajaja q impudence!