The American Popular Media

I have not much good to say about  Big Media in America. There is no news of true importance that makes it through to us: nothing about the things that really go to the bone.

Consider this:


http://trendocracy.blogspot.com/2007/01/2006-us-foreclosure-market-report.html
Wednesday, January 24, 2007


2006 U.S. Foreclosure Market Report
MORE THAN 1.2 MILLION FORECLOSURES REPORTED IN 2006 ACCORDING TO REALTYTRAC™ U.S. FORECLOSURE MARKET REPORT

“While foreclosures are not at historically high levels, a 42 percent year-over-year increase is certainly noteworthy,” said James J. Saccacio, chief executive officer of RealtyTrac. “The increase in the number of properties in foreclosure was driven partly by the general slowing of overall housing sales, and partly by the impact of monthly mortgage payments increasing dramatically for homeowners who held some of the riskier types of adjustable rate and sub-prime mortgages. As more and more of these loans re-set, we saw a surge to finish the year, with the fourth quarter producing more foreclosure filings than any of the three previous quarters.”

Most of us had to wait until 2008 to find out.

Now, in all fairness, Big Media treats us the way we wish to be treated, so it a vicious circle over time, our childishness and addictions and their enabling of it. We actually need someopne like Walter Cronkite to tell us what is really important; we could have seen these figures and not cared one bit.