Essays on Crisis

Thesis

This paper will discuss how capital markets influenced the creation of new economy bubble and the subsequent banking crisis. The first section of this paper will cover the topic of shadow banking and its emergence in United States. The Second section will highlight the phases of Bubble which United States economy went though in between the period of 2000-2008. The final section of the paper will list few reasons which were most relevant in bring the economic crisis and crippling the United States economy for coming years.

Introduction

In year 2007, with the burst of Housing bubble led to defaults

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Introduction The Eurozone crisis also known as Euro crisis is an ongoing crisis since late 2009 after the great recession of 2009 affecting the Eurozone countries. This was after a New Greek government revealed of the previous government misleading reports on government budget data higher than expected deficit levels. The result was devastating eroding the investors’ confidence hence the bond spreads rose to unsustainable levels. Moreover, the countries fiscal position and debt levels of some member countries escalated to unsustainable levels (Vittori, 2013).As the threat of debt default by the government rose, the Greece government in May 2010

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Why Isn’t Corporate Crime a Crime in the U.S.?
Corporate crime can be defined as crimes committed either by business firm or a corporation. It can also be described as crime committed by individual that may identified with a corporation or other business entity. A corporate crime is therefore an act of its personnel and need not be authorized or ratified by its officials (Jennifer, 1994). However, the crime is defined as so if the official were exercising customary powers on behalf of the cooperation and not their own accord. This means that therefore, the crime of the

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Introduction
The Great Depression is a global economic crisis that began in 1929 and lasted until 1939. (Most significant from 1929 to 1933). Therefore, the 1930s are generally considered during the Great Depression.
The Great Depression of the most severely affected by the U.S., Canada, UK, Germany and France, but was felt in other states. The worst affected industrial cities in several countries have virtually stopped construction. Because of the reduction in effective demand, agricultural prices fell by 40-60%.

The Main causes of the Great Depression

According to Gary M. Walton, “in 1929 the U.S. stock market crash

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The major financial crisis of 2007-2008 was caused by vending Fannie Mae-backed hypothecation packages, commercial real estates and the misuse of credit default swaps. Under the commercial real estate, the speculative real estate bubble in those years went beyond residential homes to affect all kinds of commercial real estate’s (Conserverpedia, 2013). To the extreme the bubble also affected office buildings, shopping centers, apartment complexes, casinos and hotels. This was characterized by people buying high with expectations of selling even higher. Contrary to their expectation, the market collapsed. The real estate creditors were expecting to get a 20% return

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Identity crisis refers to the failure of a youth to achieve their ego identity during their adolescence stage. This occurs due to the confusion between identity cohesion versus role confusion where the youth face challenges regarding growth, integrating personal ideas, sexual maturation, and the thoughts of others about the youth. The success of resolving the crisis depends on the steps through the previous stages of development of an individual.
James was my high school friend whose adolescence experienced an identity crisis. My friend had a problem facing his sexual maturation and understanding his physical growth due to his background

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Abstract

A vast contraction in world trade and the global economic environment leads to the financial crisis experienced today as countries fight for market share in the international trade. Most governments face pressure from their neighbors to create wealth and jobs creating a complex system governing commerce between states. The above situation creates desperate times that lead into desperate protectionist measures (Wyk 1). China fears protectionism having experienced the biggest ever financial crisis in 2009, and struggled over years to build its economy to its current position. China recorded 8% Gross Domestic Product (GDP) growth in 2009, a situation attributed

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The Enron Crisis reveled in October 2001 is one of the greatest auditing scandals in the history of the United States of America (USA). It involved Enron Corporations which traces its history to 1985 when it as born from the Houston Natural Gas InterNorth (Fusaro and Ross, 2001). This followed the decision of Kenneth Lay to amalgamate the two firms to form one big corporation which have a dominant control over the energy market in Texas. Despite its enormous growth, Enron’s troubles began after hiring Jeffery Skilling as one of its topmost officers who were at the helm

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Hospitality management

Introduction
One of the economic activities with a global aspect is tourism and hospitality. Tourism and hospitality take place in every part of the globe ranging from the world biggest capital cities to poor villages in the rural areas. The economic contribution of tourism in different countries has led to increased focus through increased funding. Hospitality and tourism are among the leading and the largest industries in the world. It is among the major sectors of the country's economy that contributes millions of dollars into the economies of the world annually (Harris Griffin & Williams 2002, p. 82). Tourism and

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Term Paper

According to Higss, is the growth of government continuous or does it occur fits and starts? What is Higgs’ explanation for this pattern of growth of government?
Higss proposes that the growth of the government in the United States can be explained as a process of responding to crises. In this assertion, Higss specifically refers to the First World War, the Great Depression of the 1930s, and the Second World War among other major crises that have occurred in the history of the United States. In his reference to the crisis theory, Higss argues that each of these crises

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Civil Rights Movement and American Paradox

Introduction
In 1960s, Republican overwhelmingly supported the Civil Right Movement and believed the idea from constitution “all men are created equal” and Northern Democrats supported the cause too. The Southern Democrats were “conservative” and were against the Civil Right Movement and they wanted segregation to stay within their society. They believed blacks being treated as “separate” were enough in itself.

Some examples of American Paradox to Civil Rights Movement:

Ku Klux Klan: Ku Klux Klan used to be very violent with the Blacks and they were against Blacks being treated as “Equals”. They used to do their best to ensure Blacks didn’t manage to vote and in

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1.0 Introduction
The recent financial and banking crisis in UK can be traced to five years back (2007/2008). However, the root causes of the problem could be traced to the 1970s and the 1980 when the US and UK governments when UK and US deregulated their financial markets. The relaxation of the existing financial regulations enabled financial institutions to raise money from different areas of the world. This enabled the rapid growth of financial service businesses to levels that had not been witnessed before. However, the net effect of liberalizing the credit market was the massive expansion of personal

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The governments Wall Street bailout was totally justified. There is a law that was put to act in the US commonly referred to as the emergency economic stabilization act of 2008. It is also known as the bailout of the US financial system. The law was enacted as an immediate response to the subprime mortgage crisis which allowed the Secretary of the Treasury in the United States to spend 700 billion dollars in purchasing distressed assets. The cash would be supplied directly to the banks. The main aim of the assets purchase was to inject capital directly to the

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Portfolio Analysis

The media has a massive influence on the public. This influence increase when the public has little or no opinion on the subject. Similarly, when the subject is non-ego threatening and the public has no direct experience with the subject. The media coverage ensures there is framing of views in its coverage. This is shaping of views and discussions via selective choices of facts, words and themes. Public relations has a significant influence in framing how the media will explain the product and the company This is so because framing of views creates the context in which the discussion

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Introduction

Situated between the North Atlantic and Arctic Ocean, Iceland is one of the Nordic countries falling into the European continent. The population of the country is 321,000 and the total area of the country is 40,000 sq. mile. Iceland is the least densely populated country in Europe. The capital city of Iceland is Reykjavik which is also the north most capital city in the world. In 2008 when a global financial meltdown started in US after the bankruptcy of Lehman Brothers, Icelandic economy was hurt badly by the crisis. This resulted in the whole banking sector of

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Introduction

With regard to the housing crisis in the United States, two schools of thought have emerged to explain the causes of the financial crunch. While some people blame the ‘easy money’ policies of the Federal Reserve, others contend that it is the lower interest rates on mortgages that encouraged the euphoric buying of homes, leading to the crisis. This essay argues that the latter is true and proposes that the Federal Reserve should be subjected to the rules governing money supply to contain the crisis and avoid a repeat.

Lower Interest Rates for Mortgages Caused the Housing Crisis

While it is may be right that as the US

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The Scientific Revolution has been subjected to philosophical evaluation for quite a long time. Among the most prominent people that have subjected the scientific revolution to a thorough thought process is Thomas Kuhn. According to Thomas Kuhn, scientific history has been characterized by changes in the scientific outlook (Dilworth 70). This can be best explained by the fact that the scientific community usually accepts a dominant paradigm, until anomalies arise. As time passes, scientists question the paradigm itself from which new ideas and theories emerge, further changing the outlook. In support of Kuhn’s views, this paper seeks to

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Types and factors of economic growth are very important in order to explain why one state is growing faster than the other, understand what you need to do in order to ensure that growth was faster , as well as understand how to determine the growth rate of gross domestic product . The growth of production capacity can affect the quality and quantity of resources. Consequently, we can distinguish two types of growth : intensive and extensive . When economic growth driven by increasing the amount of resources , it can be attributed to the

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How did 2008 financial made policy makers change their principle of free market with no government interference

The financial crisis of 2008 exposed the economy to a market environment for which it was wholly unprepared and which seriously affected policy makers' decisions. This made policy makers to change their principle of free market with no government interference to a principle where government intervention was the only solution. The financial crisis led to severe economy wide falls of about 20 percent in output and employment. For instance, unemployment and inflation have increased gradually since the financial crisis. It is vivid that the countries that experienced this economic recession have experienced severe short-term challenges and long-term constraints on

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THESIS PROPOSAL

Preface
This thesis proposal outlines my thesis paper and describes the research that is to be conducted in the next coming months.
The target audience for this study is the supervisor and the appointed supervisory committee and any interested colleagues, and its intended to get feedback on the work so far presented as well as a discussion of the research plan.
It’s hoped that there is an adequate and open minded audience that will provide a rich, constructive and valuable feedback.
I would also like to thank my supervisor and colleagues for their worthy contribution and advise this

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The world is suffering from a huge crisis in the present day as the population across the lands faces the evil of economic disparity. While a section of the world population is prospering materialistically and gaining on lifestyle and affluence, another part of the human race faces the threat of malnutrition and hunger.
These hapless people are facing the brunt of life and their plight evokes pangs of empathy in the hearts of the people who comprehend the enormity of their pain and helplessness. Lack of food is horrendous for such people and it also reflects the sheer weakness

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The recent global financial crisis of 2009 had far reaching implications for numerous sectors of the economy of the United States. The crisis also affected other institutions in other countries. In the United States, one of the industries that took a severe beating from the 2009 financial crisis was the banking industry. The crisis resulted in banks finding themselves in hitherto uncharted waters. It was a terrain which many banks found difficult to navigate. Indeed, some of the banks were even on the brink of being wound up. While the financial crisis played a role in the challenges that

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After the economic recession which started in 2007-2008, attempts have been made to recover from that crisis by various players both in the public and private sector. However, this recovery process has not been very successful, and there remain major economic challenges facing the global economy today.

Energy

The global cost of energy has been rising steadily since 2005, and the global economic crisis has not helped matters. The high cost of energy has been blamed for stagflation which continues to afflict many of the major world economies. With some economies like China and India showing a considerable thirst for

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Abstract

Water is the most important source of life. Survival of any living organism without water is impossible. Though a large part of the earth is constituted of water, the supply of fresh water is limited to only 3% of the total amount of water found on the earth's surface. With the demand for fresh and clean water rising across the world, it is time for us to think seriously about the importance of water conservation. There are several engineering and behavioral practices which, if adopted by us at home, industries and other spheres of work and life, can reduce

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- A brief background of the Tibetan Human Rights Crisis
It is quite evident beyond any reasonable doubts that that the human rights for the Tibetans have been violated over some reasonable period of time. The violation of most of the fundamental human rights for the People of Tibet has therefore become a key area of prime concern. The violations have been characterized by a constant rise in the number of government restrictions on religious, cultural and other types of freedoms. (Epstein, 2003). The Chines government has meted out some very repressive policies on the Tibetans making life very

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The hostage crisis in Iran was a diplomatic crisis between the United States and Iran. This happened between November 4, 1979 and January 20, 1981. During this period, fifty-two Americans were held hostage for 444 days in Iran (Samuels, Richard 176). The crisis started when a few Iranian students, who were supporting the Iranian Revolution took over the US Embassy in Tehran. During that period, President Carter referred to the hostages as victims of anarchy and terrorists. The hostage taking was a blow against America and its influence in Iran. The crisis undermined the Iranian revolution, and the support

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Economics is a subject which has its recognition and importance in almost every walk of life. There are certain concepts which specifically come and counts under the ambit of economics and among them; the name of unemployment is one of them, one of the most dominating topics of macroeconomics (Hobson, p.160). Both of the kinds of economics are extremely important to measure as it gives numerous things in total. Natural Rate of Unemployment means the rate which observed that how much people of a country are unemployed and it is an important economic indicator in order to assess the

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There are several explanations of financial crises in terms of adherents of various economic theories. Keynesian explanation is the lack of money. That time the money was tied to gold reserves that limited the money supply. Production grew and this eventually led to deflation and falling prices, which led to insolvency of many companies, decline the value of their shares and as a result - the collapse of the stock market. Proponents of the monetarist theory associated the stock market crash with such actions of the U.S. government like increasing the money supply, which led to depreciation of assets

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Introduction

Different crisis be they natural, environmental or civic have an impact on the social relations of the residents of an area. Sometimes, the happening of a disaster or a crisis reveal an otherwise soft or hard underbelly that would never have been manifest in ordinary circumstances. This paper seeks to examine the account of the fire crisis in Malibu, Los Angeles which is a common phenomenon in the area. Further, the paper seeks to explore various aspects of social relations among inhabitants that the fire crisis usually brings. In this quest, the paper examines causes of the crisis, predictions

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Book Review: One Minute to Midnight

It is almost two decades since the occurrence of the infamous Cuban missile crisis. The events that unfolded in the fall of 162 have attracted many researchers, who have focused on the analysis of how Cuba, a small island nation, became the focal point of the Cold War. One of the most researched and written about events in the Cold War is the Cuban missile crisis. Prominent researchers have taken this course to give the political view and possible consequences of this infamous event. Various authors and experts have compiled extensive amounts of information from a number of different

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Introduction

The ever changing figures for U.S. national debt and largest budget items (such as Medicare (Medicaid), social security, defense (wars), presented at the website U.S. National Debt Clock, tend to grow far quicker than the figures for the U.S. federal tax and other types of revenue (U.S. National Debt Clock, 2013). Over the period between 2011 and 2013 debt-ceiling crisis reasons for the U.S. total debt appearance and growth, and the ways, which can be employed to reduce the debt, have continuously become key topics for active political discourse. This issue has become even more topical since recent U.S.

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The rate of unemployment levels is known to move in a cyclical manner, largely being influenced by the current business cycles. Nonetheless, other factors such as demographics developments and labour market policies may influence both the short and long-term unemployment evolution as well. According to the article on Labour markets: Did the natural rate of unemployment rise? By Mary Daly SAhim and Robert Valleta, the sharp increase in the United States rate of unemployment associated with the 2007-2009 recession is greatly unprecedented during the era after the World War 2. However, unlike the post world war rapid market recoveries,

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Abstract

The research paper deals with the Great Depression and its effects on European economies as well as the ways it was handled by the respective countries. The project is based on the opinions of world’s finest economic experts, historians and scientists. The problem raised is supported by statistical proofs retrieved from researches conducted by the abovementioned subject-field scientists.
Key words: the Great Depression, economic, Europe, crisis, war.
The Great Depression is a harsh world economic crisis that spanned over the timeframe of 15 years wedged between two world wars. 1930s are considered the starting point of the economic

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Do zombies represent the white collar criminals from the financial crisis? That is the question I was asking myself after reading Torie Bosch’s article “First, Eat All the Lawyers.” zombies highly populate our pop culture. From movies to novels to television our world has become seemingly overflowing with zombies. Surprisingly sometimes there are even more zombies than there are vampires. Bosch tries to persuade us that the zombie craze is pop culture’s device to help us deal with the economic crisis. If the economic crisis has brought us zombies in our entertainment, does that mean the zombies

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Subprime mortgage crisis was the resultant factor to the 2008 economic crisis which started in the US. Subprime mortgage is a kind of mortgage made out to lower credit rated borrowers. Due to the borrower’s credit rating the lender usually charges higher interest rates but do not demand for conventional. The subprime mortgage at this time was full rampant foreclosures and mortgage delinquencies. This resulted to the decline of financial securities in the back up subprime mortgages (Beck, 2011 p.21).
It is worthy while arguing that the economic recession of 2008 was an ethical crisis. The US capitalism

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Answer 1)

The nightmares of global financial crisis began in 2007 and despite the efforts of central banks and policy makers to restore the economy, the crisis were intensified in 2008. The proven impotency of policy responses and multiple views of number of economists and analysts over causes of Financial Crisis, has raised the root causes of global financial crisis.

The Sub Prime Lending:
The continued trend of increasing prices in housing sector because of excessive liberal and accomodative policy along with lax liberal standards during the period of 2002-2006, led to large issue of mortgage credit to households including sub

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Introduction

In the post-Cold War era, complex humanitarian emergencies have become a significant security, political and public health element. Man-made disasters have become responsible for more mortality and morbidity than all technological and natural disasters combined (Brennan & Nandy, 2001). Usually, in such disasters, the most affected are populations. As such, these populations experience serious public health problems that are coupled with breakdown of basic health services, food scarcity and displacement of persons. The World Health Organization (2013) defines a complex emergency as “a humanitarian crisis in a society, region or country, whereby there is considerable or total collapse of authority,

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During the elections of 2008, it was President Obama’s message of hope and change that mostly contributed to him being elected as the American forty fourth president and the first African-American to occupy the oval office. His agenda did not only contain promises, but it also contained specific policy proposals. One of the main issues the president talked about was the financial crisis that gripped the nation and whose effects are still felt to date. This global crisis began in 2007 and supposedly ended in 2009. Considered as the worst crisis involving the American economy since 1930 when

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The issue that I have settled on is the financial crisis that seems to be a threat globally. Financial crisis is a situation in the economic market which threatens the norm of all the policies and the government situation generally. The shilling seems to lose its value, assets and even people lose their businesses with huge losses which are not easily curbed by the economy generally. The debt is spiraling in high estimates and the taxpayers seem to be paying more.
Financial crisis is an issue that basically makes economy worser and undergoes very many losses. This has been

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