Reuters reports that one in five U.S. mortgages are underwater; the people paying them owe more than their house is worth. The real flood, however, is swamping the Internet, where gloomy financial news headlines and the antics of TV-based business reporters threaten to inundate your typical Web surfer. Financial news that now travels at the speed of fright, thanks to the Web, was much easier to digest and much happier during my time at CNBC. Ten years ago this month, I was a tech reporter at the network’s Fort Lee, N.J., headquarters, watching the Dow smash through the 10,000 mark.
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Digitally Fueled Rants Kill Objectivity, User Trust
Posted by: Renay San Miguel March 6, 2009 08:30 AMReuters reports that one in five U.S. mortgages are underwater; the people paying them owe more than their house is worth. The real flood, however, is swamping the Internet, where gloomy financial news headlines and the antics of TV-based business reporters threaten to inundate your typical Web surfer. Financial news that now travels at the speed of fright, thanks to the Web, was much easier to digest and much happier during my time at CNBC. Ten years ago this month, I was a tech reporter at the network’s Fort Lee, N.J., headquarters, watching the Dow smash through the 10,000 mark.