"Graham Harrison" wrote:


"Bruce" wrote
I think Chris was suggesting that no reporting would be better than
inaccurate and misleading reporting. He does have a point.


This is true. Let's face it when some of us were younger we just headed
off and hoped. On the other hand we are where we are.


Where we are? You mean with TOCs who care to varying degrees, or not
at all, whether information disseminated to their customers by the
media is correct?


Look at what
happened to Rolls Royce recently, the Trent on the Qantas Airbus blows. RR
put their head down to identify the problem and say nothing in the meantime.
What happens? Armchair experts and "the markets" all panic and the share
price drops. That's just an example of how we all react these days.
Bottom line seems to be that these days we assume no news is BAD news.


I think the statements that spooked the markets came from a forthright
and particularly well-informed senior manager of QANTAS.