As you may or may not have noticed, the timeline on the current global economic crisis has again been reorganized. Firstly, it underwent its umpteenth name change, and now goes under the moniker Global Financial and Economic Crisis 2007-2009. We plan this will be the last change, with the possible exception of altering the end year if the crisis goes into 2010, which is looking fairly likely right now.
The categories were also reorganized. A new meta-category called Failing Companies: Specific Cases was created. The category about the collapse of the British mortgage bank Northern Rock was moved here and a category covering the failure of the US insurance giant AIG was added. The latter category only has a few entries at present, but several dozen more have already been entered into the system and will be published over the next week or two.
Finally, the oldest material that briefly covered, for example, oil in the 1970s and the 1980s savings and loan crisis was also re-organized, being shrunk down from a number of meta-categories to just one, called Events in Economic History. This material is not being worked on because the guy who started to go over it was unable to find the time to keep contributing. We thought there was no need to get rid of good information, however piecemeal it is, so we figured we would keep it, but alter the categories so that there were not lots of categories with few entries that were not being developed. The majority of categories now focus on current events, which is what the contributors are writing about.