Events that shaped our lives, stories you liked, pictures you sent us and some of our favorites.

 
Gary Hershorn, Americas photo editor, on how the great photos were taken.
Launch Audio Slideshow
 
Editors and photographers choose the best pictures of 2007.
Launch Slideshow
 
From the California wildfires to a cool Condoleezza Rice under fire: The year in the U.S. Launch Slideshow
 
A collection of unforgettable images sent to us from you, Reuters readers. Launch Slideshow
 
Sam Mircovich, entertainment pictures editor, on the top celebrity photos of the year. Launch Audio Slideshow
 
A collection of the year's most exceptional images. Launch Slideshow
 
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2007 market movers

Subprime mortgage meltdown

A surge in mortgage defaults among U.S. home buyers disrupted money markets around the globe. As the chart shows, U.S. home prices (in pink) fell 7.6 percent between June and September. Meanwhile, the ABX, a widely followed index (in blue) which tracks securities backed by subprime mortgage debt has lost 75 percent of its value this year.

Dan Burns is Editor in Charge of U.S. markets.
Dollar stumbles

The dollar has moved in one direction for most of this year: Down. Investors have been relentlessly bearish with the U.S. sporting near-record trade and budget deficits. The euro hit a record high against the dollar.

Coming home to roost

You can get a sense of the subprime lending crisis from red-shaded area, showing delinquency rates on home loans spiking to a 14-year high. This is the result of overstretched borrowers behind on payments. Many of those bad loans are bundled into mortgage-backed bonds that have plummeted in value. The upshot? Since hitting a record in May, just before the real trouble began, financial stocks have cratered, as the plunging blue line shows.

Bond market party

The credit scare has sent investors scurrying for the safety of U.S. government bonds. As a result, U.S. Treasuries are on pace to top the performance of stocks for the first time in five years. The blue line on the chart shows how Treasuries have taken off since summer. The red line tracks the rollercoaster ride for stocks.

Nasdaq horsemen

When the "four horsemen of the Nasdaq" first entered the investor lexicon in the tech boom of the 1990s, it referred to the market dynamos of the day: Microsoft, Intel, Cisco and Dell. Tech made a huge comeback in 2007, but the horses have changed riders. This year, it's Apple, Google, Research in Motion and Amazon.com. The four have brought investors $200 billion in new wealth so far, accounting for roughly 40 percent of the increase in the value of the Nasdaq.

 

Great reads of 2007

 

Quotes of the year

Most clicked of 2007

  • Articles
  • Videos
Favorites for the year

From cute animals to unusual human achievements, Chad Ruble presents 2007's odd and offbeat stories.  Video 

25,000 dollar dessert

World's most expensive dessert unveiled in New York goes straight into the Guinness Book of Records.   Video 

Trabant still a moneyspinner at 50

50 years after the first Trabant car was produced in former East Germany, it's attained cult status and is still a nice little earner.  Video 

Red hot pandas pucker up

It's panda-monium at the zoo, as the Southeast Asian-based lesser pandas are in lip-lock for over an hour a day.  Video 

World's best bottoms

19-year-old Kristina Dimitrova from Bulgaria and Andrei Andrei aged 24 from Romania won the women's and men's categories in the world's best bum contest, organised by the underwear maker Sloggi.  Video