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Committing to Coverage
By Chris Roush

The Dow's Shaky Day
By Travis Grabow and Carol Legg

From the Bottom Up
By Jeff Bailey

The Business Side of Sleep
By Jennifer Hopfinger

Fair Checking
By Alec Klein

On the Beat

The Dow's Shaky Day

By Travis Grabow and Carol Legg
October 6, 2008 07:46 PM
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As the Dow Jones Industrial Average dropped below 10,000 points, a first since 2004, media organizations around the globe scrambled to cover the wide range of breaking news. But as they worked to get every detail, reporters also kept the bigger picture in mind. They explained the recent financial chaos in ways that related to readers and utilized multimedia to spark interaction with their audience.

Below are examples of notable coverage from the Dow’s shaky day:


  • Recent volatility and Monday's turmoil in overseas markets prompted Floyd Norris of The New York Times to chronicle the day through live blogging. Norris's posts began at 6:57 a.m. when he noted that the European markets were down more than 5 percent, and Asian markets had experienced steep declines. The day's blogging ended with a post at 5:25 p.m. offering lessons from the chaos.

  • The New York Times' DealBook blog posted a live blogging of the three-hour testimony of Lehman Bros. CEO Richard Fuld, Jr. before the House Oversight Committee today. The paper's site also had an article summarizing the chaos in world markets, especially in Europe.

  • The Los Angeles Times reported on people and businesses that are turning to less traditional sources of money now that credit markets are freezing up. The story details alternative loan sources including micro loans, credit unions, SBA loans, vendors, and loans from individuals online.

  • BusinessWeek gave readers a detailed summary of what happened in U.S. and world markets today, along with a quick summary video.

  • The Financial Times examined the two previous market crashes, in 1929 and 1987, and explained why the term "crash" may not be the appropriate classification of the Dow's recent beating and especially today's declines. The Times says the situation is clearly different from today since "at the peak a year ago, stocks were overvalued but at nothing like the extremes of 1929; stocks have been falling for almost a full year." The Times emphasized the fact that "the problem lies in bubbles in credit and housing markets, not stocks.


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