DON’T PANIC
It has been an extraordinary week in the financial markets of the
world. With the collapse of major international financial institutions,
and governments forced to intervene by propping up ailing insurers or
authorising the merger of banks, newspaper headlines have competed to
convey the scale and significance of the crisis. But there is a
difficult line for newspaper editors and sub-editors to tread between
accurately reflecting the enormity of the market upheavals, and
contributing to the crisis. Should newspapers be censored, or censor
themselves at times of great market sensitivity or do they have a duty
to their readers to speak the truth?