The news media in a neoliberal economy often act as channels through which the values of neoliberalism are articulated and perpetuated, being shaped by advertising-driven content and deployed as instruments of reforms. This article examines how the recent global recession was covered in the three most circulated English dailies in India. The two themes that emerged from a thematic analysis of the news stories discuss the local–global linkages in the framing of the financial crisis, as well as attend to the moral panics and responsibilities that are put forth as legitimating responses to the crisis, voicing the flow of affect in logics of financialization.
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