9.21.2008

Economic Turbulence

The last week will be a historical one. The news coming out of Japan have affected very much and the turbulence seems to continue. Who created this, and who has this responsibility? In democracy, people can show their feeling and opinion through voting, but what about the things related economy? Is it good to let the market move or is it necessary to have some "control" to keep stability?

When I look at Japanese media reports, I can see many articles which quoted the other news media's stories. According to the Financial Times, according to the Wall Street Journal, the New York Times reported... does this happen because of lack of journalists' ability?

People want to know what happens now and the reasons as well. The movements which come out are so many and change rapidly. I understand journalists may feel hard to catch up and analyse them.

Many bloggers already put their insights on each event. If we want to know what these events mean, we can have option to think of. I personally feel that journalists need balance between knowledge and simple questions like why and what will be next.