Floyd Norris

The unemployment rate for January dropped unexpectedly to 9.7 percent from 10 percent, even with 20,000 jobs lost. The Labor Department says that's because a survey of households found the number of employed Americans rose by half a million. It is projected that the unemployment rate will hover around eight percent until 2013. All this after the markets closed yesterday at the lowest levels so far this year.

As markets around the world have suffered losses over fear of a credit crisis, Floyd Norris, the chief financial correspondent for The New York Times, talks about where this problem stems from and whether this will lead to a global recession.

Does what financial reporters write affect the stock market? Does coverage of campaign finance affect the way people vote?

How well does the media explain Wall Street to Main Street?