March 9th, 2009
If you need a roadmap for managing the current economy, here’s a sane, sensible one with the smarts of Warren Buffett. Good reading, most excellent advice and worthy of a deep, relaxing breath.
“Everything will be all right. We do have the greatest economic machine that man has ever created.”
March 9th, 2009
I just hate it when folks blame “The Media” for bad news. Like it’s our fault that the economy is in free fall. Geesh, we didn’t get those big bonuses or package up those toxic mortgages. We paid our bills and funded our 401ks like the rest of you.
We’re just reporting the news, the facts, context and impact, of a global economy in search of a bottom. Just like we’ll report the bottom and the eventual rise from the ashes. That’s what we do.
But, maybe it is our fault, at least sort of, that we’re all scared out of our proverbial shorts. There are two whoppers of a difference between today’s and all the other recessions/depressions: 24/7 cable television news and the Internet.
A newspaper is a once-a-day fix, so one gets the bad news once a day and then has the remaining 23 hours to go do normal stuff. With the 24/7 news cycles on television and the Web, it’s easy to get sucked into following every tick of the stock market, every repeated-ad-naseum headline, and every worried-and-over-the-top-for-TV-guesstimate-turned-analysis interview.
Yep, it’s bad out there. Yep, it’s likely to get worse. Yep, I worry, sometimes a lot, about what’s going to happen at home, with my son, with my job, here in the News Tower. But, I find that when I create an “information overload-free zone” I remember what the important things are. And, I can get back to work and back to living.
So, maybe the real folks are right this time. We’re opening ourselves to too much information. We need a daily dose (the newspaper), or maybe a couple (say, a morning, noon and night check of the Web and TV). We don’t need 24/7.
As the pop culture cliche would put it: TMI…..