UNITED STATES A guide to the Wall Street meltdown Many people are understandably frustrated when they try to make sense of the world financial crisis based on what they read in mainstream newspapers. These papers typically fence off business news into a special section dominated by jargon. Until the economic crisis broke, television news anchors rarely mentioned the economy except to give stock market reports or figures on economic growth. Then there are specialised business newspapers, like the Wall Street Journal, that are off-putting to working people, and intentionally so. Their audience is a select group of executives and investors who write and speak in code. And when it comes to the financial jargon you read in the press, that’s even more impenetrable. Is the entire world economy really in crisis because investors...
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