It's a good point to make. But I also think that if the financial crisis isn't fixed it will have consequences for everything else anyway.

The research and funding in these things will be the first to suffer, I am certain that it already is as regions cut back on spending.

I also have to wonder what the media coverage is doing to exacerbate the problem.
Personally I haven't really seen much change in my life. But my job in the security sector is quite safe through these times anyway. I do think that much of the news coverage is convincing small to medium companies to lay-off staff even if they don't need to. Companies that would probably manage alright are being too cautious and letting people go.

I do certainly think that the media need to be covering other aspects of this, such as social issues, social responsibility, community etc. In all fairness, I couldn't care less what is happening to a bank in the US, or how much they are being given by the hapless government. I do care what our country is doing about the ramifications of this crisis.

A few years ago the British government released an advice leaflet to all households in England focusing on emergency planning. Any event in the UK like that would probably only affect a small number.
And yet, on something like this where it affects all of us they offer no advice.

I could do without knowing what else is going on in the world regarding this, I'd much prefer to limit our news to what is relevant to me as a Brit.