Crisis Critical Thinkings Samples For Students

The Asian financial crisis of 1997-98 began with currency speculators dumping the overvalued Thai baht that eventually led to its devaluation. Sensing that other Asian economies were also weak, speculators targeted them as well which led to the crisis spreading to Malaysia, Indonesia, the Philipines and South Korea.
What do you think are the main causes of this crisis? Are there factors that are critical in any explanation and which may indicate that a crisis is imminent?

Answer:

The reason of the fall of the Thai Baht and other currencies can easily by using the simple rules of economics. Due ...

The winner of Oscar Awards for the Best Documentary in 2010, ‘Inside Job’ presents an inclusive analysis of the 2008 global financial crisis which made millions of people lose their homes and jobs in the worst slump after the Great Depression. This financial crisis was at a cost of $ 20 trillion and almost led to a global financial crumple. Through extensive interviews with key academics, politicians, journalists, and financial insiders and exhaustive research, this film gives a trace of a rogue industry that has corrupted regulation, academia and politics .
One sector that should be blamed for the financial crisis is the private ...

In his essay “Europe’s Perfect Storm: The Political and Economic Consequences of the Euro crisis,” Jan-Werner Muller argues that theresults of euro crisis had adverse impacts on the economic and political powers of some of the countries. Muller bases his argument on the regional imbalances between several European Union member states with his argument based on the rising Euro related crises which he states that they are the results of conflicting political agendas and economic imbalances experienced in the North and Southern parts of the European Union countries which were stimulated by the biased EU laws. The claims ...

Article Summary

In his article, Europe’s Perfect Storm: The Political and Economic Consequences of the Eurocrisis, Jan-Werner Muller explores the Eurocrisis and defines it as political and economic storm that may sweep away the accomplishments that have been made by the European Union since its inception. He states that one of the factors that have aggravated this particular crisis is the lack of establishing a consensus on the politics or the economics of the crisis. This has inadvertently hindered the problem solving process of the crisis. The overall effect is that Europe has wasted a lot of money and resources on the ...

The sociologists by the name Wright Mills identified a number of ways through which some of the sociological aspects that occurred could directly influence or shape up the thinking of an individual. For instance, Miller believed that the sociological context in which people live in could easily shape their thinking and so does their biography. He emphasised the importance of sociological factors such as historical event, a cultural trend, a feature of the economy and political events among others in shaping up the biography of individuals.
In order to find out the relationship between social events and how they influence the ...

Question One

The deadly economic crisis that hit the US since the year 2007 placed several challenges to bank institutions that had not been experienced for several years. This called for the Federal Reserve under the watch of Federal Government to come up with innovative ways of addressing this threat so as to prevent further worsening of the situation. To tame liquidity and counter credit crisis stimulus packages and policies came to play. These included promotion of public understanding of Fed’s inflation objective to avoid development of deflationary expectations, issued guidance on expected future course of the new policy interest ...

Effects of credit crunch/ensuing recession on political economy decisions

The 2007-2010 economic crisis is perhaps the worst economic disaster to hit the globe since the Great Depression of the early 1930s. The crisis spread instantaneously across the globe triggering deep recessions in developed and developing economies (Hudson, and Maioli, 2010). Assets were devalued, financial markets became turbulent, unemployment levels rose, and access to credit became limited during the crisis. The onset of the financial crisis marked the end of the highest growth cycle experienced from 2003-mid-2008. The causes of the crisis can be attributed to surpluses in the current account of China and other oil-based economies, which provided ...

Arguably, sustainability is one important factor in every society. For so many decades, Middle East and North Africa has been facing imbalance of sustainability. In fact, the issue of water, climate change as well as population pressure are the most determinants and cause of imbalance sustainability in the region. Its impacts in the Middle East and North Africa are felt in all sectors of human life, which include social, economic, as well as political. Perhaps, the history and culture of this is somehow different a compared to other parts of Africa and Europe. North Africa and Middle East are in ...

Introduction

The corporate governance is the mechanisms that involve the rules, processes and the practices to which an organization is directed and controlled. Therefore, it is a process of balancing the interests of many stakeholders in an organization, which mainly includes the customers, financers, management, suppliers and the community. It provides the foundation and framework for achieving the company goals and objectives, and it looks at every part of the management including their actions, performance measure and corporate disclosure. It is a field in economics that investigates on how to motivate and secure the efficient administration of the corporations by ...

It is an ascertained fact that adolescence, that is typically associated with the teenage years, is a transitional state during which an individual is likely to experience numerous psychological and social issues which may lead to crisis situations. In actual fact, "adolescence can be a stormy period in which teenagers are struggling for independence, yet are still in need of guidance and emotional support" (Kanel, 2015, p. 119). According to Kanel (2015), during this transitional period, teenagers tend to "engage in self-destructing behaviors" in order to meet their special needs and requirement of society (p. 119). Crises related to ...

2008 Financial Crisis
2008 Financial Crisis
The Financial crisis in the year 2008 affected globally. The onset of the recession started with the huge flow of money in the American economy. During the year 2001 U.S faced  recession but for a short span of time. In order to recover the economy the Federal Reserve lowered the interest rate from 6.5% in May 2000 to 1.75 % in December 2001. Money was cheaper and investors invested more money in the economy. This was the beginning of the problem. The trigger of the crisis was the housing bubble.

As credit was easily ...

This idea is perfectly illustrated in the video from TED talks «Kelly McGonigal: How to make stress your friend». Information presented in this video will dramatically alternate the methods used by crisis counselors and psychologists due to the fact that it can be considered as a great breakthrough in functionality of a human body. In short, Kelly McGonigal conveys the message that it does not matter what influences people’s minds and bodies but in what way they react to these irritants (McGonigal, 2016). Before this study, crisis counselors advised their clients to avoid stresses in any form, but ...

Introduction

The need for government and central bank intervention in the market has historically received support from a number of scholars. For instance, the economic idea of government intervention (demand-side management) in the market is largely attributed to the Keynesian economics, which is highlighted in the book, “General Theory of Employment, Interest, and Money” by John Maynard Keynes published in 1936. According to the Keynesian economics, automatic market forces (alone) may not trigger a condition of economic equilibrium, particularly during a financial crisis. This is primarily due to the presence of economic inefficiency brought about by market externalities. Closely linked to government intervention ...

It is not always smooth all the way at the family level when it comes to making decisions. Every family member has their interests and perceptions of life, which help them, make personal choices and decisions. The same can be said about Sonny’s Blues by James Baldwin. While reading the story, it is natural that the story can elicit feelings and thoughts in similar situations in real life cases just as events unfold in the story. The two brothers, Sonny and the narrator have different paths that they have chosen in life, just like it can happen to ...

Q.no.1:
The financial crisis that hit the United States first and then the world economy starting in fall 2007 meant that the future prospects of many firms looked gloomy at best for some time. Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate. Show your answer using a graph.
Answer:
A depression is a severe economic downturn that lasts for several years. It is characterized by falling Gross Domestic Product (GDP) and high unemployment rates.
What started as a financial crisis in the ...

In your opinion, how does the principle of separation between church and state compare in theory and in practice in the United States? Provide specific examples.
The Establishment Clause was aimed at prohibiting state sponsored religion leading to the doctrine of separation of church and state. Thomas Jefferson referred for the first time this separation as “wall of separation between Church and State.” This principle is a unique American vision. As far as the interpretation and meaning of Establishment clause is concerned, there are three major theories.
According to the strict separation theory, the religion and state should ...

Summary

Minimum wage legislation is a very popular and populist issue. There are both economic and social needs to be addressed in the matter. There are also very highly opposing positions in the discussions.
There are many arguments in favor minimum wage legislation. Perhaps, the most important among them are four rationales: poverty alleviation, reduce wage inequality, employee protection, and economic stimulation. Meanwhile, among the four more important arguments against minimum wage legislation are: increased unemployment, aggravated poverty, increased high school drop-out rate and prolonged unemployment periods, and reduced global competitiveness.
In the light of the present world economic ...

The Inside Job is a documentary narrated by Charles Ferguson that gives an analysis of the main events that led to the collapse of Wall Street economy (Riley 3). This documentary focuses on the roles played by both the government and private sector in accelerating the financial meltdown that cost millions of people their jobs, homes, and savings (Marshall 13).

The banking institution forms one of the major private sectors that bear the blame of the financial crisis in the film “The Inside Job”. The film provided a wide range of view on how corrupt the US banking institutions are ...

The article review

Rewriting Monetary Policy 101: What’s
the Fed’s Preferred Post-Crisis Approach
The article “Rewriting Monetary Policy 101: What’s the Fed’s Preferred Post-Crisis Approach to Raising Interest Rates?” has multiply authors: Jane E. Ihrig, Ellen E. Meade, and Gretchen C.Weinbach. This article was published in the Journal of Economic Perspectives—Volume 29, Number 4—Fall 2015—Pages 177–198.
This article is a primary source in which authors try to answer the relevant questions about the USA Monetary Policy. Nevertheless, the use points of view of other authors in order to prove their own statements. This article ...

Intentions (Thinking) Over Impacts (Results): A Critical Analysis of New Deal Liberalism through the Themes of Crisis Control, Community Construction and Creating Confidence
Often when we pause to reflect on history, in remembering what occurred, we tend to focus primarily on the impact and results of initiatives which were implemented. At the same, however, we forget or are unaware of the original thinking or purpose behind those same initiatives, policies, programs, and movements, etc.

New Deal Liberalism - Roosevelt administration – represents just such a space in time.

New Deal is credited for facilitating the development of several programs. For example, social security; agriculture; industrialization; and, growth in union membership. Banking ...

Priority: High

Re: Reforming Corporate Ethics
____________________________________________________
It is a matter of urgent concern that corporate ethics is still not fully followed up to satisfactory levels either due to ignorance of some business people or because they have been taken for granted. By definition, legal environment consists of ethics in business, is the motivation on opinions and ideas on perspective of wrong and right in the business environment entailing virtues and recognizing the governing laws. Business ethics tend to have varied perspective whereby it is associated with developments, corruption and also organisation’s systems. The levels and rate of unethical ...

Introduction

Crash Course: Ch. 3 - Exponential Growth & Ch. 4 - The Power of Compounding by Chris Martenson
Chapter three talks about exponential potential which is regarded the most important key concept of the crash course and it highlights about the population of the world, the consumption of oil, money supply in the united states, water use, forest degradation, the extinction of species and fishery exploitation which seems to quickly reach their natural limits.
There is a need for people to be in the frontline to take actions since our lives will be affected and action to curb this ...

Impacts of Social Media on Public Relations Practices and Crisis Management

Social media has created a channel for organizations, particularly public relations managers to communicate issues ascribed to crisis management. However, it has also increased pressure among public relations managers who struggle to formulate or craft messages as well as main control information that flows from diverse users. Monitoring the content of information disseminated by stakeholders on social media sites is significant owing to the fact that though these sites stakeholders spread and disseminate information ascribed to organizational reputation.

Crisis communication preparedness plans can address this issue by ensuring that social media is integrated into communication plans/strategies, particularly crisis communication ...

The French Revolution is an essential event in the western history in the 19th century. At first, it proved to be successful but later on it was fruitless. This revolution was one of the events that played a vital role in making France’s history as drastic steps were taken to secure the country’s freedom since it was financially ruined. The French citizens were fighting for equality, fraternity and liberty. The revolution violently changed France from a monarchial state to a modern nation. It turned out to be one of the traumatic events in the human history due to the Reign ...

The US has for long been the leading super power, a lot of financial resources in the US budget are used in the security sector and. There are many security threats that the world is exposed to, and the US is in the frontline of ensuring that the world is safer. However, there have been mixed reactions from different sources concerning how the US carries out its security operations. It has launched attacks in other nations such as Iraq; the reason given for these attacks is that the US is protecting its people from external threats. Many nations are against ...

Question 1

Political ideologies are the windows through which people view and believe the government should be run and public policies implemented. I believe in a combination of both the liberal and conservative ideologies. This is because the beliefs of both ideologies vary depending on the issue at hand. As far as gay marriages are concerned, I believe the conservative ideology is more logical. This is because conservatives believe in preservation o the traditional marriage. This means they appreciate the negative effects that gay marriages will have on the balance that exists in society due to the traditional home setting. Liberals believe ...

It is conceivable that the United States Healthcare program is the most comprehensive and most expensive healthcare system in the world. This is because there are over 47 million Americans do not have health insurance cover. In America, healthcare is the most consumer of the federal finance in the annual expenses. However, millions of Americans cannot afford health needs. This is an implication that the American healthcare system is in crisis. This essay will provide alternative ways of handling the nation’s healthcare crisis.
First, it is important to consider the high cost of healthcare system in America. ...

What has been the evolution of development theories since the “linear stages” period? Have these theories added value to the understanding/explaining the causes of underdevelopment? Give reasons for/against your position.

Among the many fundamental questions that continue to confound economists today, is the issue, what are the causes of economic growth and decline? Economic theories have emerged to locate, understand, and thus, develop the reasons behind the successes and failures of economies. While the original answers for this question were in the form of simple theories, nowadays, the complexity of this question has been better understood as these theories ...

Lachman, M. E. (2004). Development in midlife. Annu. Rev. Psychol., 55, 305-331.
In this article, based on the analysis of contemporary foreign and domestic philosophical, sociological and psychological literature have been considered theoretical interpretation and empirically recorded phenomenology "midlife crisis / mid-life." Author used the method of biographical interviews and have shown the common strategy for coping with the crisis, the dependence of its manifestations on the type of self-identity and gender of the respondent. The author rightly suggested that the crisis could be caused by the coincidence in time of several adverse events related to deviant factors: divorce, ...

Mark Krikorian believes that measures to curb illegal immigration have yet to achieve an acceptable level of functionality given the scope of the problem. His take on the issue is "Much needs to be done before the United States has the enforcement arrangements necessary to permanently reduce illegal immigration to a nuisance rather than an ongoing crisis." (Krikorian, 2012) He begins his argument with statistics that point to the prevalence of the problem. While immigration has decreased, Krikorian's interpretation of the data suggests this decrease to be deceptive. Though there is an all time decrease in illegal immigration, Krikorian links ...

The topic for the qualitative study shall be an analysis of “how to come up with proper crisis management plans that are suitable for differently sized companies”. The increment of crises in companies informs this study topic. The interview shall focus on obtaining responses from 10 managers (5 from small and medium-scale enterprises (SMEs) and five from large companies). In this assignment, the study will obtain qualitative data through an interview with two senior managers (one from an SME and the other from a large company). The selection of the two interviewees is based upon the following criteria. A large ...

After the ending most widespread war in the history of mankind - the Second World War, the world entered into the New World Order. With the last shot of this war the European colonial period ended, and began new era –era of the two rival superpowers. Almost immediately after the ending of the war “Iron Curtain” has crossed the continent but not only the continent across the entire world. So let’s analyze to what consequences WWII led and how it impact on positions of all major players in the world. The first major consequence of the Second World ...

A response on the “My Years with General Motors” and “The Toyota Way”

A Response On the “My Years with General Motors” And “The Toyota Way”
General Motors (GM) is a company with a history of more than one hundred years. The company has witnessed two world wars and the most prosperous period of auto industry in the United States. It had once become the world’s largest auto corporation through engaging in numerous mergers, acquisitions and many other ways. Its development is the greatest history of the American automobile industry. However, in the 2003, Toyota with 8.13 billion dollar profit seized the GM's first throne (Liker, 2004, p. 4). Furthermore, GM faced a ...

Universal healthcare is a contentious topic in the United States. On one side, people argue the benefits of a single-payer system where individuals are covered by the government as the ultimate insurer. On the other side of the debate are those that argue that the government mustn’t intervene in the healthcare marketplace at any cost. Healthcare consumes approximately 16% of the American GDP. This is due to a number of factors including: the high costs associated with long term advanced treatments such as dialysis and chemotherapy, as well as the fact that physicians earn more in the United States than in ...

Childhood obesity has become a serious issue in United States that requires urgent attention. This has been related with the growth of technology as well as accessibility of fast foods and snacks. The current systems in education and lifestyle changes do not allow children to participate in much outdoor activities and hence resolving to stationary activities that make them lazy and ultimately obese. One of the contributing factors in my opinion is the fact that parents have become too busy to attend to their children also makes them stressed and hence looking for other means through which they can comfort ...

Introduction

The inter linkages of the international finance systems cannot be denied nor overemphasized. A movement in one major stock market signals either a threat or an opportunity in another stock market. For instance, a boom in the New York Stock Exchange will also signify the upbeat in the other foreign stock markets such as in Asian and Latin American markets. Conversely, the fall of the U.S. housing markets led to the credit crunch felt by most financial centers in the U.S., Great Britain, and other European markets. Hence, any threat to the global financial market may mean a single threat to the ...

Introduction, Background of the Author and the Book

In order to give an intelligent critique of the book “In Fed We Trust”, by David Wessel (2009), and clearly understand his arguments, and points surrounding the success of failure of Quantitative Easing 3 (QE3), we must first set a background and vividly understand the author “David Wessel”. The information posted on the Wall Street Journal’s website denotes that:

David Wessel is economics editor for The Wall Street Journal and writes the Capital column, a weekly look at the economy and forces shaping living standards around the world. He is responsible for overseeing coverage of the Fed and the Journal’ ...

The crisis involving discriminations and abuse of minorities has been rampant. The issues have been faced by many cooperation and strategies to overcome them have been the key goal of most businesses. For instance, the situation facing my Corporate Communication, as a VP. Whereby, the CEO D. Emmett Shane heard that there would be a lawsuit due some claims of discriminations against Latino workers and staff. This paper gives the advice I would give to Shane, as VP of the Corporate Communication.
Firstly, I would let Shane know the role of various stakeholders in the management of such problems. ...

Introduction

Since the republics in the Soviet Union proclaimed independence in 1991, there have been significant changes concerning the ethno cultural, and demographic situation. The dissolution of the Soviet Union was the major reason behind the creation of the Russian Diaspora. More than twenty-five million Russian citizens found themselves in the midst of newly and freshly created states, which were often redesigned as their new political dwellings (Beissinger, 2008). After some time, the displaced Russians were compelled to either assume a fresh political identity, or to return to the Russian Federation, which was newly created. Assuming fresh political identity would ...

Business Continuity Plan for MDL

Business Continuity Plan for MDL

Introduction

Military Delivery Logistics (MDL) is a certified, U.S. Department of Defense approved contractor for the full range of logistics and product distribution services for the Federal, Defense, Intelligence, State and Local governments. It has a vendor network that allows access to more than 200,000 military standard and custom engineered products. It is based out of Santa Monica, California. It has a complex IT infrastructure to supply logistics services and has many terabytes of data that is critical. However, it has about five terabytes of data that is mission critical and has to be ...

Question No. 1

Tragedy of the commons, as envisioned by Hardin, is the infinite freedom of the people to use or make use of the finite free resources of the world. The unchecked and wanton use by the people of these free resources results in a tragedy, according to Hardin, because eventually such use will overwhelm the resources themselves. A simple, but graphic example used by the author to illustrate this point is a pasture that is open to all for use. If one or several persons use this pasture to graze their animals this would not pose harm to the pasture, ...

Latin America came under colonization very early but gained independence early too. But the effect of inequality has continued. While Argentina, Uruguay, Chile and Cuba have had high exports per capita, it has been very low for some countries like Venezuela, Peru and Paraguay.
The region got integrated to global markets through trade in the 19th century and its share in global trade increased to almost 12% in mid twentieth century. However, since then it has come down to about 5-6%. There was an era of protectionism early on, but there was gradual shift towards industrialization and reliance on ...

Introduction

The society, even before, has been full with many peculiarities that are increasingly becoming more known and acceptable for many. One’s peculiarities or unconventional traits may likewise be his or her clothing choice, appearance, sexual preference or genetic disposition. Among these peculiarities are individuals with intersex condition. An intersex condition is a range of conditions that give rise to an atypical development of one’s physical sexual characteristics. An intersex condition may likewise involve deformities in the external sex organs, internal reproductive tissues and organs, sex chromosomes, or sex hormones. This condition may be manifested in many ways ...

DB # 2

The article is about the aspects of transparency of the financial statements and the accountability of the accounts and related parties. The transparency of government organizations and the role of accountants is discussed in the article. Moreover, the article explains that the reporting standards are different in different countries which is creating problems for the stakeholders in comparability and understandability of the financial statements. ("AICPA Insights", 2015)
The accounting concepts discussed in the article are accruals and the pension schemes for the employer participation and governmental pension plans. The main reason of discussing the accrual concept is that it ...

Lasting from 1946 until 1991, the Cold War was the longest of the 20th century s many wars and in many ways the most complicated. The last four links above document aspects of the initial phase the drawing of lines in the sand, so to speak and allow us to see something of the atmosphere of the immediate postwar years. In early 1946 George Kennan wrote a close analysis of Soviet aims and methods of achieving those aims and proposed a multi-phased strategy for the United States. 

The timeline in the first link above provides headings and a list of significant events. ...

"No president since the founders has done more to shape the character of American government," this is according to Alan Brinkley in his outstanding biography of Franklin D. Roosevelt, the 32nd President of the United States of America. The presidency of Franklin Roosevelt was marked with several ups and down during the early years. It is mainly because he assumed office at a time when the U.S. was undergoing through the Great Depression, one of the worst if not the worst financial crises ever to face our country. Roosevelt started his political career in 1910 after being elected in the ...

Introduction

Civil liberties are the freedoms and guarantees that the government cannot limit to an individual, either by law or judicial interpretation. Such civil liberties are; freedom from forced labor and slavery, freedom from torture and death, and so on. Many contemporary states have constitutional documents and bill of rights that function to warrant civil liberties. Some laws have been enacted by different countries using different legal means like ratifying and signing or address some controversial civil liberties. Controversial examples include; reproductive rights, property rights, civil marriage and rights to possess and bear arms.
The formal concept of civil ...

A review of the relationship between the church and state, especially during the medieval period, gives us an insight on the tug of war that existed between the two institutions and how both tried to win over the lives of people during that period in history. Furthermore, the relationship of these two institutions gives us an idea on how to understand Western traditional of government as a whole. From the 11th to the 14th century, Europe was in an uneasy state. These were centuries marked by conflict and warfare both within the kingdoms and outside the borders that a serious effect ...

General Motors (GM) is a company with a history of more than one hundred years. The company has witnessed two world wars and experienced the most prosperous period of auto industry in the United States. It once became the world’s largest auto corporation accomplished by engaging in numerous mergers, acquisitions and many other ways. Its development is the greatest history of the American automobile industry (Sloan 1990). In 2003, Toyota with its 8.13 billion dollar profits, replaced GM at the lead position (Liker, 2004, p. 4). After that, GM faced a crisis of bankruptcy in the year 2009. However, Toyota also ...

Arguably, the Great Depression was the worst international crisis in the 20th century. This crisis began in America following the decline in the value of the capital market. This was on the fourth day of September, 1929; a day that later came to be referred to as the black Tuesday. During the great depression, many political leaders held different ideas on the way out of the appalling economic situation (Boezi, 2005). The need for an economically pragmatic leader saw Franklin Roosevelt elected to power. The leader, whose election was a sign of relief, had many philosophies relating to the social, financial ...

This organization is known as Centre for Research on the Epidemiology of Disasters (CRED). From 1988, CRED collaborated with the World Health Organization to establish and maintain an Emergency Events Database EM-DAT. The World Health Organization (WHO) together with the Belgian Government offered the initial support for the establishment of EM-DAT.

This database is crucial in offering humanitarian based action both at the national and international levels. It provides information instrumental in making decisions on the disaster preparedness of individuals and countries. It also helps in evaluating the vulnerabilities facing various countries and regions and coming up with better ...

Question 1

The Investment and Savings curve (IS) represents the commodity market equilibrium, with the national savings (S) being determined by national output (Y) - (Private Consumption (C) + Government Expenditure (E). Y is a function of the tax policy, economic expectations and interest rates etc, while E is dependent of government policy (Krugman, 2009).

Figure 1: IS Curve Derivation

The 2007 recession started in the sub-prime mortgage market, due to the expansion of liquidity derived from the bond markets, which was unmatched increases in real assets. The risky loans amounted to $1.3 trillion in 2007, with the subprime market accounting for 18% of total originations. Increased securitization, ...

The following paper has been written in view of the current unemployment issue faced by USA which is causing major financial crisis to the entire nation. The proposal below lists out the two alternatives to overcome this issue and how its implementation can benefit the country.

The current financial scenario of USA points out to growing number of unemployment amongst residents of the country. According to statistics the unemployment rate reported in May 2012 was 8.2%, whereas historically the unemployment rate in US has been at an average 5.2%. The rise in unemployment is a matter of concern and immediate ...

Question 1

After the military junta lost power in the late 1980’s, Argentina went through a burgeoning period where it expanded its economy in the middle of the 1990’s and attracted several investors who poured money into the country at highly favourable interest rates which were clearly unsustainable in the long run.
This eventually led to a collapse of the banking system and there eventually was a huge run on the banks which resulted in several thousands of investors losing their money and ending up with nothing. Politically the country was also affected as the instability created by the financial crisis ...

Introduction

Hazardous materials usually known as hazmat first responders are exclusively educated and specialized to deal with crisis circumstances linking materials that include poisonous gases, compounds and explosives. They are obligated by law to adhere to response procedures that are inscribed and established under FEMA1 and SHSP2, in conjunction with local and state bureaus. They ought to pursue routine laws when securing such an incident that involves hazardous materials. They are five laws to be followed. They include recognizing the harmful material, protecting the health and safety of the community and the first responders, securing the contaminated area, taking control ...

The U.S Securities and Exchange Commission refers to the United States’ agency that is tasked to enforce the securities laws, policies and guidelines, including the country’s stock and options exchange activities. It is the objective of this agency to “ protect investors, maintain fair, orderly and efficient markets, and facilitate capital formation” (U.S, 2017). One of the main roles of the SEC is to ensure that investors who turn into the securities exchange market are protected and activities that are geared towards capital and investment formation are sustained for economic growth.

The Creation of the PCAOB

The Public Company Accounting Oversight Board (PCAOB) was ...

Erik Erikson’s theory of identity crisis emphasizes on cultural and social roles in the identity of the ego (Engler, 23). According to him, it is possible for people to continue developing in their adulthood. The stages that develop in adulthood are Intimacy and Isolation, Generativity and Stagnation, and Ego Integrity and Despair. In the Intimacy and Isolation stage, young adults are likely to try and build their self-esteem. However, both Erikson and Piaget admit that in adulthood behavior is determined by the person nurture and nature. Therefore, in adulthood, people build on to what they already have from ...

Summary

Historically, American conservatism has often embraced their central themes such as anti-communism and freedom movements even beyond their boundaries (West 73). However, American conservatives have strongly resisted a proactive enhancement of the Black American civil rights movement as a sincere freedom movement that fully need their support. Cornel West believed that, like a new black conservative, he had a response to the crisis of liberalism that was in Afro-Americans (West 74. However, he faced stiff resistance from Glenn Loury in particular who wanted to distance himself from mainstream conservatism.
In chapter 4, Cornel examines the root of black conservatism, ...

Modernist movement was the catalyst that opened new ways of interpreting art as a tool for political and social discourse reflecting the rise of ideas and improvisation of imagery/performance through the use of contemporary materials available at that time. The term ‘modernist’ ubiquitously dominated the art critiques from the past decades in an attempt to explain the society’s rejection of the traditional iconography of the previous movements. With the advent of rapid industrialization spurred the growth of ideas that defined the social and political landscape of the 20th century. This changes brought by the modernist ideals revolutionized the ...

Niccolo Machiavelli’s “The Prince” is a book that advises “Princes” on how to speak, behave as well as govern the perspectives and responses of certain situations. It focuses on the qualities that the Prince must uphold during war or while being praised or criticized. Machiavelli emphasizes the need for the Prince to know war since it rises or lowers leaders in the ranks (55). The advice offered by Machiavelli to the Prince focuses on how he can maintain his rank rather than promote the interests of the society.
In today’s society, leaders still face the same issues ...