Archive for October, 2008|Monthly archive page

What did you do in the recession …

Economic bad news is not new. Economic crises have been a theme in the reproting of LBC/IRN, form the early 1980’s and early 1990’s. These are also the reference points in contemporary news broadcasts, will the coming recession be as bad as the 1980’s or 1990’s?

In 1981, the main economic story was the level of unemployment (audio clip) with each news broadcast reporting the growing number of redundancies and factory closures. Banking failures are not new either. The 1990’s saw the first banking failure of recent times with the collapse of Bank of Credit and Commerce International (BCCI), with the loss of 10 billion pounds (audio clip) and consequent losses to account holders (audio clip).