A Perfect Economic Storm

Is it possible that a single day without America's financial might could result in a world economic fiasco? No, not unless you add in the ongoing mortgage crisis and a spectacular bank fraud in Paris. Investors worldwide are being advised to batten down the hatches - its a perfect economic storm.
SOURCES: ABC News, The Daily Show, U.S.; KBS Korea; BBC, U.K.; Deutche Welle, Germany; TV5, France; Russia Today, Russia. Full Story »

Posted by Evelyn Messinger
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Posted by: Posted by Evelyn Messinger - Feb 10, 2008 - 7:08 PM PST
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Edited by: Fabrice Florin - Feb 15, 2008 - 1:15 PM PST

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Fabrice Florin
3.4
by Fabrice Florin - Oct. 1, 2008

(VIDEO 4:50) An interesting comparison of how different broadcasters worldwide are covering the world financial crisis -- and America's role in that crisis. All these different perspectives are helpful, but it would have been more effective to stick to a single news event - either the bank fraud, or the mortgage crisis, or the economic fiasco. As it is, the story jumps around a lot, and it's harder to compare the different points-of-view. I was a bit surprised to see the piece open with the Daily Show -- as much as I like John Stewart, I believe he belongs further down, as exhibit rather than cover story.

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Evelyn Messinger
5.0
by Evelyn Messinger - Oct. 1, 2008

One great thing about watching TV news from other countries is that sometimes the sheer volume of coverage takes on its own meaning. Market shocks are like tsunamis in the now globalized world of finance. After they hit, nations recalculate their own position, as can be seen in their national news broadcasts.

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