If the media did report on what happened in Iceland, how many people in the US would lift an eyebrow?

I don't know about Europeans or Asians but sadly not many in the US will as I hope.

I know this is purely anecdotal due to the influences of my friends and family in reacting to news like this. Not many of my friends/family are voracious readers on what's happening around the world and want to see how things are done. Even after I would explain to them what happened in Iceland or what we have failed to do with our banking executives, many would simply shrug and say "not much I can do".

I am confident if there was a research done on the attitudes of Americans, we would be dismayed to learn that many don't really care.

So does it really matter if the 'media suppresses' these info when in actually a reader can actually find all sorts of news if he or she bothers to look?