UN urges 'drastic' action to bolster banks, new lines of credit for developing nations

Associated Press by John Heilprin | Oct. 25, 2008 (News Report)

UNITED NATIONS - The U.N. chief warned Friday of global recession and a serious hit to emerging economies, calling for "drastic" measures to shore up banks and extend lines of credit to the world's poorest states.

Secretary-General Ban Ki-moon said the era of self-regulation among the biggest banks and other money-lending institutions had ended and pledged to support European and American efforts to rethink the global financial ... Full Story »

Posted by Fabrice Florin

More Info

Tags Help
Subjects: World, U.S., Business, Living
Topics: Global Economy, U.S. Economy, Finance, Money
Member Tags: financial markets
Editorial Help
Posted by: Posted by Fabrice Florin - Oct 25, 2008 - 6:48 AM PDT
Reviewed by: Fabrice Florin (review), JJ Von Nolde (review), Kristin Gorski (review)
Edit Lock: This story can be edited
Related Comments: Global Economy (2)

Reviews

Show All Comments
Show All | Notes | Comments | Quotes | Links
Fabrice Florin
3.4
 by Fabrice Florin - Oct. 25, 2008

Short breaking news article about a recent statement by UN secretary-general Ban Ki-moon on the financial crisis. This report is largely based on a single source, but goes deeper than the BBC report on the same topic.

Fabrice posted this story.
See Full Review » (11 answers)
Kristin Gorski
3.4
 by Kristin Gorski - Oct. 26, 2008

This news report takes U.N. Secretary General Ban Ki-moon's remarks from a significant meeting with economic experts and chiefs of the IMF and the World Bank, and gives insight into what the U.N. is going in response to the global economic crisis; his views are noteworthy, as they represent a global perspective above and beyond national and corporate interests. While the article does site statistics, often it is not completely clear what their sources are. Only Ban Ki-moon is quoted directly, even though other notables are mentioned by name; including quotations from these additional sources would add depth to the piece and make it more compelling.

See Full Review » (19 answers)
JJ Von Nolde
3.5
 by JJ Von Nolde - Oct. 26, 2008
See Full Review » (10 answers)

Comments on this story Help (BETA)

Sort by: Oldest | Newest Hide All Replies
NT Rating | My Rating

Ratings

3.4

Average
from 3 reviews (30% confidence)
Quality
3.4
Facts
3.7
Fairness
3.7
Information
3.7
Insight
4.0
Sourcing
2.7
Style
3.3
Accuracy
3.0
Balance
3.0
Context
3.7
Depth
3.3
Enterprise
2.7
Expertise
2.0
Originality
3.0
Relevance
4.0
Transparency
3.0
Responsibility
4.0
Popularity
3.6
Recommendation
3.3
Credibility
4.0
# Reviews
1.5
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

No links yet. Please review this story to add some!