Since then the media has been awash with financial jargon: Toxic debt, leverage, recapitalisation, recession and accompanying these terms have been articles, columns, features, reports and surveys explaining how such specialist terminology affects you, me, and the average Joe.

So we've heard from emotional Woolies employees, seen factory workers marching through Merthyr Tydfil and read about immanent job losses (see picture to the right), all in a bid to relate to their audience. To report the effects, rather than the complex process, of our current financial state.
But one portion of society have once again been left out in the cold.
Street workers have never received much media attention. Charity workers, buskers and salesmen all represent something we'd rather not think about - being dependent on the generosity and sympathy of others for survival.
So how has toxic debt, leverage, recapitalisation and recession affected these people? Has there been a trickle down process of people tightening their belts? Or are their demands so small that they've been generally unaffected?
I went out to Queen street in Cardiff to find out.
The first person I spoke to actually approached me: The infamous chugger. Henry is a student at Cardiff who has worked for a charity (which he asked remain nameless) every Wednesday for a year and a half.He told me had had noticed a change in people's habits:
"A lot of people who used to give are now using the credit crunch as an excuse. Often they're holding several bags of shopping, but say - sorry but I can't afford it - which is stupid.
Henry said he now signed up on average eight people a day to give to his charity. A year ago this was more like fifteen.
This makes sense given that a study carried out for the National Council for Voluntary Organisations (NCVO) showed Britons gave 200m less to good causes in 2008 than in 2007.
Friends Osahar and Asim had been busking outside Nat West since 8am. They had only been playing regularly on Queen street for about six months. But even they had seen the effects:
"We used to come here every day. But now we get more for playing in the Dragon (their local pub)."
Further on I met another busker called Peter. He had been in and out of prison after breaking the rules of his ASBO. And despite his frequent claims not to have any idea what was going on in the financial world he was nevertheless well aware of its consequences on him.
Next I met Malak. An Egyptian who is staying with his brother in Newport and sells hats with his girlfriend. Despite the lack of custom I witnessed while I was talking to him, Malak was adamant that for him, things hadn't changed that much.
He also said his hats are so cheap that the economic downturn hasn't influenced people's decisions to buy. A similar trend in consumer spending has been widely reported recently in the retail market, with discount supermarkets like Lidl and Iceland profiting while the more upmarket stores of Waitrose and Marks & Spencers have suffered.
"These are five pounds only. Maybe if I sold expensive things it would be different. But I am OK."
Finally I spoke to Alec from Media Wales. He's been selling the Western Mail and the Echo on Queen street for over three years.
"We used to sell 200 - 250 papers a day. Sometimes maybe 300. Now we're lucky to sell 100."
This grass roots example is typical of the difficulties facing almost all news outlets in Wales. Job cuts have been a common theme during 2008, prompting MP Dai Davies to say that Wales "is becoming a media wasteland" which is "very, very worrying for democracy". On Wednesday 14th January the Trinity Mirror group announced it was merging its Wales and north west England regions.
I asked Alec whether he was worried for his job security because of this?
"Am I worried? There have been sixty redundancies at Media Wales. And that's in management. So yeah I'm obviously worried."
Thus, the general pattern for street workers appears to mirror every other area of the labour force. Whether intentional or not, the voluntary sector seem less prone to give to those who's office is the highstreet and their livelihood, our custom. Like many of today's bankers, their work has been affected, their job security jeopardized. This forgotten sector remains forgotten. But unlike their high-flying counterparts they have little chance of being bailed out by the government.



However it does seem to go against a lot of what we've previously been told. Surely our present course is all about preparing us for a multi-platform approach to journalism. Giving us the skills to handle a camera, write in short-hand, keep a blog, operate a radio desk, and so forth.


