The Katrina Media Monster
After watching her path for days, even weeks, Katrina blasted the gulf coast last month.
New Orleans, Gulfport, Biloxi, and many other areas devastated. It's an almost unthinkable amount of damage. But maybe the most damaging thing is how the news media...and I use that term loosely, covers news in this day and time.
I was a part of the media for many years so I have some equity in that medium.
Yesterday, largely because of the sensationalism and scare tactics broadcast almost non-stop there was a gas panic in my city and many others around the country. Lines grow long, prices soar, and supplies are wiped out in a day. It is a crisis caused largely by consumer panic and the behavior it produces. Supply and demand re-define what is "normal." A gallon of gas tops $4 here for maybe the first time ever.
I refuse to buy gas, even though I'm almost empty, but I know it's a temporary condition.
So sad to see how the average person lines up like sheep in fear and panic causing the very condition they fear the most.
p.s. within a couple of days the supplies are back to normal, prices soon follow, and a week later a gallon of gas is actually less than it was before the panic.
Meanwhile "the media" continues to rage out of control over-hyping and crying wolf at every turn.
New Orleans, Gulfport, Biloxi, and many other areas devastated. It's an almost unthinkable amount of damage. But maybe the most damaging thing is how the news media...and I use that term loosely, covers news in this day and time.
I was a part of the media for many years so I have some equity in that medium.
Yesterday, largely because of the sensationalism and scare tactics broadcast almost non-stop there was a gas panic in my city and many others around the country. Lines grow long, prices soar, and supplies are wiped out in a day. It is a crisis caused largely by consumer panic and the behavior it produces. Supply and demand re-define what is "normal." A gallon of gas tops $4 here for maybe the first time ever.
I refuse to buy gas, even though I'm almost empty, but I know it's a temporary condition.
So sad to see how the average person lines up like sheep in fear and panic causing the very condition they fear the most.
p.s. within a couple of days the supplies are back to normal, prices soon follow, and a week later a gallon of gas is actually less than it was before the panic.
Meanwhile "the media" continues to rage out of control over-hyping and crying wolf at every turn.

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