The media's role in the market's rise and fall
When Gerald Ford was in the White House, he said it was like living in a goldfish bowl – the world’s eyes were on him at all times, day and night. Given the way the financial media operate today, companies could say the same thing. In the last ten years there has been a virtual explosion of financial media from web sites featuring up-to-the-minute news to specialty cable channels providing 24-hour coverage of business and the financial world. Why did the business media flourish
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