Global Recession

Timeline
• BBC timeline highlighting key points throughout the
economic recession beginning with the 2007 credit crunch
and ending with the ultimate global recession
• Easy way for readers unfamiliar with financial crisis to get a
clear and concise timeline of events
• Each point on the timeline leads to a link with a related
article for that point
• The timeline concentrates on all U.S. and U.K. action since
2007 leading up to the global recession including the
Lehman Brothers collapse and the stimulus package
• An example of effective coverage on the economic
meltdown from an international perspective
 Lehman’s Last Day

• BBC picture slideshow with radio commentary

explaining events of Lehman Brothers’ collapse
• Published September 14, 2009
• Includes radio reports with excerpts from
interviews
• Very informative and effective reporting
• “This is a once in a half-century, probably once in
a century type of event. It will continue to be a
corrosive force until the price of homes in the
United States stabilizes.”
 Government Bailouts
• BBC timeline of U.S. economic recovery plan
• Begins on September 19,2008 when Congress began working on a
plan to help the banks and ends on March 23, 2009 when the U.S.
treasury discusses plan to help investments
• Informative for citizens unfamiliar with bailout plans and events
leading up to the stimulus package
• Detailed and effective and divides bailout measures into sections such
as “Bad Debts” and “Obama’s Plan Unveiled”
• Example definition found in section explaining recovery plans:
– TARP (Troubled Assets Relief Program): The $700bn (£478bn)
rescue package run by the US Treasury and approved by
Congress in October 2008. The first half of the money was
disbursed before Christmas, and mainly spent on taking stakes
in banks. Some of the remaining money has also been spent
on rescuing the auto industry, guaranteeing loans for small
businesses and providing assistance for homeowners who
want to refinance mortgages. The Obama administration has
pencilled in an additional $250bn in bail-out funds in its
20009/10 budget proposals.