Essays on Crisis

Impact of the GFC (Global Financial Crisis) on Banking Activities

Global Financial Crisis was caused by the failure of free market forces economic ideology. In 2007, the American financial environment was thrown in to turmoil with most households finding it difficult to meet the high rates of mortgage. This was followed by tightening of credit by financial institutions as a control measure against possible bad debts (Goodhart, 2008, p. 331). The crisis later spread to Europe, Asia and Africa. Evidently, the GFC posed a great threat to financial institutions, which are dominated by banks.

Banks refer to the intermediary institutions which lend money to units with deficits and borrow from ...

Article Analysis

Introduction The Analysis is of different kinds, and there are certain aspects that have to be taken into consideration by a researcher to effectively manage the things accordingly. The essence of management has four different actions and strategies which particularly are planning, organizing, leading and controlling and all of these provisions are related to the effectiveness. In the field of analysis, there are certain things that have their own significance and importance.

Economics is a subject that has its active recognition in almost every walk of life, and there are certain aspects that are essential for the economy in ...

National Reaction to the Cuban Missile Crisis

This paper seeks to outline sources that review the Cuban Missile Crisis. The sources give a background and reasons that stirred a national reaction during the cold war. The Americans had made an attempt under President John Fitzgerald’s administration to overthrow Cuban President Fidel Castro. This led to a bad blood between the two countries. Cubans did not understand the reason of the attack at Bay of Pigs. The American had their naval base at Guantanamo bay in Cuba and had always had a good relationship with Cubans. Following the attack, the Cuban government sought for protection from its ally the Soviet ...

SWOT ANALYSIS MATRIX

What the SWOT Matrix represent for the organization. Strengths

They are factors that the organization have direct control and can influence. The bank of America diversified operations, which ensure its profit realization. In the year 2012, it derived 34.5%, 20.4% and 16% from CCB segment, global banking and global operations respectively (Marketline. 2012). It has a large scale of operation as it deals with investment banking, assets and wealth management, retail financial services, commercial banking, card and security services and global markets. Its capital liquidity position makes it immune from possible collapse during economic crisis. Its huge resources ...

Perhaps any of us has experienced and gone through tough times in their lives, when money is gone and you feel at the edge of the world. Most of us may never know ahead of an emergency, otherwise we could have prepared to save ourselves and our worth. Sensible financial strategists suggest that we create a strategy to suit us in cases when things go wrong. A strategy for a financial emergency sounds fine, but I would tend think that no formula has been invented to satisfy each and every occasion.

As ordinary people, we are open to vulnerabilities that ...

INTRODUCTION

Anyone who drives a car is well aware how important gasoline is to their day-to-day activities. Driving a car, which was once a luxury, is now a necessity for most people from sea to shining sea. Over the last decade, Americans have watched the prices of gasoline rise and have felt the burden of that increase on their budgets. Gasoline costs literally doubled and in some places tripled in price, making it more and more difficult for people to afford to drive the distances that their lives may require. This inability to drive can impact all sorts of areas in the American paradigm. ...

In the Business Ethics course, we encounter philosophies dealing with the appropriate decisions and actions in the face of business circumstances. It is often that business practices solely prioritize raking in money that is possibly disregarding economic impact. To expound on this issue, we would discuss the infamous 2008 Subprime crisis.

The year 2008 made a critical impact to the world of business, especially to the economy of a powerful nation, the United States of America. The economic downfall or in other terms, the financial crisis, that took place in the late 2000s made a lot of people pay for the unfortunate ...

Abstract

A crisis can come about as a consequence of an unpredictable outcome or unforeseeable result of some event that had been considered a possible hazard. In response to this, the paper, seeks to discuss crisis and crisis management taking the case study of the coca cola company. The way Coca-Cola managed the Belgian crisis was a classic case of one of the toughest public relations fiascos in the corporate account. The event as well spotlights the penury and importance of a crisis management design to forestall such disasters in the future

Introduction

The word crisis refers to a state of unstableness or peril, as in ...

Crisis intervention can be considered as an emergency psychological aspect that is subjected at helping individuals in some definite crisis state so as to reinstate equilibrium their bio-psychological operational and lessen the possible psychological trauma. Every person finally experiences crisis moments that may vary in content however seem to have a particular shared characteristics. Commonly, crisis involves the loss, threat or an unexpected assumption. There have been diverse theoretical methods presumed for assisting those running through crisis. Normally, the most effective method seems to follow some short therapeutic approach that stresses the episode inaccessible from other challenges and pursues an ...

- Basing my argument on the maxims advanced by Kantian ethics, the banks in the United Kingdom did not act ethically. The tree maxims advanced by Kantian ethics are used for vetting the ethicality of actions. Under the first maxim, ethical actions reflect an underlying principle that can be followed by everyone. Under the second maxim, ethical actions are those that treat people with dignity rather than as means. Under the third maxim, all ethical actions are universally accepted by all human beings. An ethical act should satisfy the threshold set by the three maxims (Crane & Matten, 2010, ...

The belief by the Chinese that an eclipse emanated from dragons that devoured around the sun made the Lydian and Medes soldiers declare peace between their communities. The members of the two communities had an obligation to bang pots and drums in order to startle the dragons. The decision of the congressional leaders on to solve the crisis between the tribes left the citizens muddled. The men in power had to make a choice so that the community members could follow. The economy of the community was negatively affected by the crisis, which affected the Lydian and Medes community. Consequently, ...

Introduction

The financial crisis that extended throughout the world resulted into substantial back drop in the pace of growth of most of the developed countries and has by this time affecting financial markets and growth prospects in the countries developing. The adjustment measures that were structurally set up, the limited or no protection for emerging markets or economies, globally there were unregulated free markets, and debt accumulation by nations all led to the global economic and financial crisis.

This period was one that saw economies collapse, markets stumble, poverty and unemployment among individuals in various countries increased to alarming levels. ...

The shadow banking system, also referred to as the shadow financial system, has been informally described as the unregulated financial activities conducted by regulated institutions. They refer to the financial intermediaries, which are involved in the facilitation of the creation of credit across the global financial system. The members of the shadow banking systems are not subject to regulatory oversight. It also refers to the network of financial institutions, which are comprised of non-depository banks, for example structured investment vehicle, investment banks, hedge funds, conduits, money market funds, and non-bank financial institutions (Batchvarov, 2013, p. 348). Shadow banking institutions ...

Communication refers to sending a message from one party to another through a given medium. It is essential to note that for communication to take place, the party being targeted by the message must actually receive the message. This simple definition highlights three significant components of any communication process. These are; the sender of the message, the medium being used to transfer or transmit the message and the recipient of the message. The role of these three components becomes even more critical during communication in crisis situations. The New Orleans incident can be used illustratively. Emergency teams co-coordinating rescue operations had ...

The Structure of the U.S. Banking System

Introduction

During the recent global financial crisis, critics have posed the question: does the repeal of Glass-Steagall have a positive or negative effect on the banking industry? Review of the structure of the U.S. banking system has culminated in some consensus that the U.S. government should bring back the Glass-Steagall Act. This is consistent with reporting by the FDIC (Federal Deposit Insurance Corporation), that more than one hundred twenty banking institutions have failed between 2007 and 2009, and this was largely in part due to high risk investments (i.e. mortgage backed securities).

First enacted ...

Introduction:

NASDAQ index is made up of industrial, healthcare, media, technology, telecommunication and service companies. The biggest companies in US which had listed in the stock exchange when it was incorporated are the main composers of this index. It consists of both local and multi-national companies.

1. Suppose the NASDAQ index increase by 7 percent annually over the next decade while the S&P 500 increases 6 percent annually, on average you are better off holding the NASDAQ stocks than the S&P 500 stocks. On average are you better off holding the NASDAQ stocks than the S&P 500 ...

Federal Emergency Management Agency (FEMA) is a powerful agency in the U.S. government and is empowered to transform the country in the police state during times of actual crisis. Among its powers shall include the act of suspending laws, transfer populations from one place to another, carry-out warrantless arrests and detain citizens even in the absence of trial, seize properties, transportation systems and food supplies. FEMA has the power to suspend the Constitution and to establish emergency response plan in for every state or locality in times of emergency or crisis (Williams, 2007, p. 206).

The limitation placed on FEMA ...

The risk and crisis management for the tourist involves preparing and managing the effect of the crisis on tourists. There should be adequate measures to mitigate effects of risks in all tourist destination centres. Prevention or mitigation is a major risk and crisis management strategy which may be adopted to reduce the effects of risk. Use of SWOT analysis may help to prevent the risk from occurring. SWOT is an acronym which stands for strengths, weaknesses, opportunities and threats. Preparedness is another strategy which may be used in risk and crisis management of tourists. This may involve having a well trained ...

I have learnt that there is need to always communicate when a terrorism event or a natural disaster occurs. This is because the organizational members and the public at large have the right to be informed on the status of the crisis and to know what the disaster team is doing about the disaster, which has occurred. When a crisis occurs, people normally get confused while others begin to fear for their lives and so they need an assurance that everything is under control.

Another thing, which I also noted as important, is that failure to plan is planning to fail and ...

Response

Response to Amy’s original forum post

Amy makes the case that owing to his vast knowledge gained from reading articles and newspapers, the question about foreclosure and summary judgment cannot be canvassed without exploring the housing crisis. The housing crisis is what has precipitated foreclosures and consequently raised the issue of summary judgment.

It is submitted that the housing crisis or “bubble” in the United States began in the year 2007 after the prices of houses went through the roof. The United States recession of 2007-2009 had the effect of causing the housing market to crash. The ...

Introduction

Pedigo, W., Turner, L. T., Williams-Paisley, K., Pratt, J., Hence, S., & Emigh, M. (2011). Children's health crisis: Prevention. Nashville, TN: NPT.

The documentary talks about the cost of health care in United States that surpassed 2.3$ trillion in 2008 is expensive than any other state. It tries to explore how to improve the health standards of children through health care that goes beyond the common medical care. It addresses the problem of high cost of health care and the author tries to explain how accessible and affordable healthcare can be achieved. The issues of cost of health ...

The Karate Kid, a quintessential film portraying the journey of an adolescent through the odds of life and the final triumph of life, serves to cinematically describe the stages of development of an adolescent individual. It would be extremely interesting to apply the theories of Erik Erikson in deciphering the cinematic essence of the film and having a comprehensive view of the matter.

Erikson describes the stage to be one when the adolescent is concerned about how others perceive of him or her. The superego of the adolescent grows as does the confidence of oneself. The child finally develops a sense of ...

- Opening statement/Definition

Firms and business enterprises are sometimes faced by different crisis and emergencies that necessitate quick action to prevent further loses or property damage. Therefore, different enterprises require a dynamic workforce that can actively work as a team to be able to enhance a quick recovery of a given organization from a given crisis. As a result of potential crisis within the corporate market, many organizations have crisis communication plans that are set up even during times of stability in order to enhance effective and swift approach to arising crisis.

- Risk Assessment

Firm of all, effective response to a crisis requires thorough audit. ...

Introduction

India and Pakistan in recent years have been embroiled in a dispute that has threatened to escalate into a full-fledged nuclear war. The dispute has captured the eyes of the international community. The disagreement between the nations has mainly been because of the Kashmir region that is hugely disputed. The region is claimed by both nations and as form 2010, India administered about 43% of the entire region. The government of India has been quoted in many circles stating that the Kashmir region is part of India. The dispute has over the past led to three wars and a fourth one is ...

The documentary, Inside Job, was released in 2010. It mainly focuses on the financial crisis that was witnessed between 2007 and 2009. Viewers opine that the financial crisis was an instigation of few individuals in the USA. The US government officials and top players in the financial services industry intentionally made decisions that would later lead the American economy into turmoil. From the documentary, it is evident that the financial service industry was led into a trap by its own leaders, who had full knowledge of what would happen. More so, the people responsible for these actions went unpunished because ...

The financial crisis of 2008 had one of the most devastating impacts on the world economies. The American economy may have been the source of the crisis but the impacts affected almost every country in the world. There are several global implications that resulted from the crisis. This includes the developed economies in Europe and the developing economies in the rest of the world such as Latin America and Africa. The global impacts can be divided into two; the consequences of the crisis on developing nations and on developed nations.

The developing world suffered a great deal during the financial ...

When it comes to the most important institutions of the nation that Americans hear about or deal with on a daily basis, such as public schools, the police, the military, banks, and Congress, Americans need those institutions to have several important qualities. This includes the important characteristics of the institution being perceived as working in the people’s best interest, being able to take care of its function in a timely fashion, and being responsive to specific situations. With institutions like the police, which rated very high on the Gallup Poll with 58 percent of people saying they had “quite a ...

Annotated Bibliography

My paper discusses the consumption habits of developed societies during the period when they experience a financial crisis. The way that developed countries handle a crisis varies. While some nations may favor austerity measures, others may opt for more investments by the national government. It is of interest to me to analyze what takes place at the household level. Would families prefer to keep their funds in their savings account? Or would they continue spending their disposable income? If the citizens do not spend, the economies may have a hard time recovering from the crisis. Thus, it is relevant to look into ...

1. Considering what is known about the teenage brain and sexual development, are messages of "just say no" likely to be effective when it comes to drug use and sex? Why or why not? Be sure to explain your answer. Please note your answer should make reference to both adolescent brain and sexual development. (3 points) The adolescent brain is considered to be more similar to the brain of a child than an adult. Its development is a work in progress. Adolescents don’t perceive things in the way adults do. Their brain is filled with curiosity about the world ...

The story by Don DeLillo is about two teenage girls appearing on a kids’ television channel. The setting is in a minimum-security prison in Dubai, where criminals charged with financial crimes are rehabilitated. One of the criminals happens to be the father of the teenage girls who are presenting the market news and reports. Issues of financial market and financial reports that the girls are reporting on are too advanced for them. Observing the very first show they present, we understand that they have no understanding of what they are presenting; they have been given scripts with the reports, which they ...

Macroeconomics 2301

18.04.2014

HCC

Spring 2014 8 week course The world’s economy has faced several periods of crisis during the last twenty years. The financial crisis in 2008 is the one that is most recent. It emerged in the United States and then spread to Europe, later affecting the rest of the world. The most problematic sector in the US was the mortgage sector, and was one of the main causes leading to the financial crisis. The house prices have been rising from 1998 to 2006, prompting home builders to construct more new houses every year, but these injections ...

Identity Crisis is a fundamental step in finding out a person’s sense of direction and belongingness. An adolescent who are equipped with a proper sense of identity may find it easier to transition from puberty to adulthood. It can be both psychological and social. A young person must somehow identify himself with the community he belongs to. Personally, I have undergone the same experience with identifying myself to a particular group. In my school before, there are particular cliques and school organization that makes a sense of belongingness of that person. In school, there are different groups. There are school jocks, cheerleaders, ...

Thesis

The global financial crisis was a period during which downturns were experienced in the stock markets, economic activities as well as losses in the housing market all over the world. During this period, banks had to be bailed out by national governments and consumer wealth declined significantly. The result was a major recession between 2008 and 2009 . This paper looks at the global financial crisis in the world, its effect in the US and measures taken by the US to manage it. This financial crisis was experienced in the world in the late 2000’s and the US was hit ...

Thesis

Antigone is a tragedy by Sophocles that begins with the deaths of two brothers, Eteocles and Polyneices; their deaths are caused by their own swords in a struggle for the throne after their father, Oedipus, dies. Creon, the relative who takes up the throne allows for an honourable burial of Eteocles but denies Polyneices the same respect. He issues a decree that Polyneices’ body be dumped in the wild and no respect to be paid for it. Antigone, Polyneices and Eteocles’ sister, learns of the decree but goes ahead to bury her brother, Polyneices, despite the orders given by the king, Creon ( ...

Discussion Paper: Review of Egypt in Crisis

Introduction After more than 30 years of authoritarian rule under Hosni Mubarak, Egypt has finally moved towards democratization – a theme that is highly apparent during the so-called Arab Spring that caused massive uprisings and protests within the nation in 2011. With resounding calls for the establishment of free and fair elections following the ouster of Mubarak, Egyptians finally succeeded in electing their first-ever democratically elected leader in 30 years, Mohammed Morsi. Morsi, a leader of the Islamic political faction Muslim Brotherhood, won the elections not through a landslide victory, but rather through a mandate highly skeptical over his opponent, a Mubarak-era minister named ...

General Motors (GM) has a new CEO - Mary Barra. She has joined the multinational at a time when it is facing a crisis for selling cars with faulty ignition for a decade, which has resulted in accidents and deaths. Considering there is a global outcry, she must save the reputation of the firm by addressing the ignition problem. This will be crucial for her legacy as a leader. To remedy the situation, Barra accepts responsibility on behalf of GM instead of blaming her predecessors. She also appoints a global vice-president to deal specifically with safety issues and pledges resources and all other support needed to ...

Introduction

“Energy crises, then and now” Ever since the seventeenth and the eighteenth centuries, there have always been issues and rumors pertaining to an income energy crisis. Some of the issues that arise are always just rumors while others are real. My stand to these is that energy crises do really exist and the countries should place measures to counter attack this miss-fortune from happening. Currently, all the major nations of the world are always discussing on how they will evade energy crises by taking control of the leading energy producing areas. Countries have also gone to go ...

There have been a lot of crises throughout the history: South Sea Bubble (1720), Cuban missile crisis in 1960s, OPEC oil price shock in 1990s, Asian financial crisis of 1997, Economic crisis in Mexico (1994) and many others. However, the financial crisis of the 2007-2008 is said to be the worst crisis since the Great Depression of the 1930s. First victims were the countries, which are the biggest financial centers in the world. Later, in a year or half, the rest of the developing countries started to suffer from the financial crisis that became global. The term of the ...

__ April 2014

Summary:

- What the Paper is about This study was done by four students from Department of International Business at Schulich School of Business (Bae et al., nd) to test how expropritaion incentives of controlling shareholders impact firm values during a financial crisis and the recovery period. The results of the expropriation model ran for Asian firms for their 1997 crisis and Latin American firms for the 2001 Argentine economic crisis were aligned with the main hypothesis. The hypothesis called “expropriation hypothesis” posits that the value of firms with weaker corporate governance would significantly drop during a ...

Financial Markets and Institutions

Impact of Credit crisis on financial market liquidity The financial crisis which the United States economy had to face during the years of 2007 – 08 was the worst of its kind. The banking system had not faced a crisis of this magnitude since the 1930s which forced professionals who belong to this field to question the state of liquidity of the system. The central role that banking institutions, and which the financial business performs as such, is to provide the public with cash, allow them to make deposits and invest their funds in securities or provide them with term ...

Introduction

Banking, financial, and even insurance-issuing institutions were badly hit by the global financial crisis that happened in 2007 to 2008. It created a serious domino effect that eventually took its toll on the U.S. Federal Government. The struggling dollar and U.S. economy—the world’s largest economy in terms of GDP, led to a serious wave of financial and stock market corrections that were felt globally, especially in countries whose economy is largely dependent on U.S. commodity and financial supply and consumption. The ultimate effect of the global financial crisis of 2009 was an increased uncertainty and negativity in the financial ...

Introduction

Wal-Mart is one of the biggest corporations in the world and is known as an organization which changed the way retail industry operated with its phenomenal and path breaking modus operandi based on cost effectiveness. The success and growth of Wal-Mart is a thing of folklore, however as said in Spiderman ‘With great power’s comes great responsibilities’, and thus Wal-Mart success is testament to the strategic planning and its subsequent execution and keeping in perspective the magnitude of Wal-Mart operations and its efficiency. However, things seems to have gone sour for Wal-Mart, there are multiple reasons however ...

Introduction

Russia’s wishes to have political control of Crimea are not a recent phenomenon but one that has been present for a long time. However, over the last one month, Crimea and Russia have been embroiled in controversy. This has resulted in the most reported-about East-West confrontation since that of the Cold War. This comes after President Viktor Yanukovic was overthrown in the wake of protests in Kiev, which escalated to widespread violence. The situation worsened when the Crimea Parliament, comprising of ethnic Russians gave a majority vote to join Russia. Consequently, the region of Crimea set a referendum for 16th March. There ...

Introduction

While the world continues to deal with a number of challenges, the nursing shortage has become the new phenomenon on the list. Many countries are today faced with a dilemma as to how best nursing shortage can be addressed (AACN, 3). To some, the nursing shortage is an accident waiting to happen if not amicably addressed. One wonders what the problem really is because in the older generations, there were no shortage of nurses in fact there was plenty. It is critical to note that things keep changing and the timing of the events is what makes the difference (Talking Points, ...

Global Financial Crisis (2008) Development and Effects of Global Financial Crisis (2008)

Gokay (2014) argues that the main trigger that caused the financial crisis of 2008 was the burst of the United States housing bubble that had reached its optimum in 2005-2006. During the last decade, the government had prompted banks to provide mortgages to people that were initially viewed as bad credit risks. The prices of the houses kept rising and this made lending institutions think that price trend would continue. They figured that if people were unable to keep up with the mortgage rates, their houses ...

The interview subject in this case is a job seeker who resides in the United Kingdom. The study seeks to find out how the Eurozone Crisis has impacted the job seeker because this economic situation has had an immense impact on the economy of the UK. The Eurozone crisis has been a continuing crisis which has affected a majority of countries in the European Union since the beginning of 2009. The crisis was caused by a combination of multifaceted factors which include; the financial crisis of 2008, globalization of finance, real estate bubbles, international trade imbalances, fiscal policy strategies relating to government spending ...

Introduction

This paper summarizes the key policies that were implemented by the United States Federal Reserve Bank in the period between 2008 and 2010. This time period under review presented a unique economic environment for the Federal Reserve and the US economy as a whole, due to the Global Financial Crisis which begun in the second half of 2008. This paper seeks to understand the key decisions that the Fed took in averting the deepening of the crises, and in steering the economy back on the right course. By and large, the decisions taken by the bank are to a large extent a reflection ...

Central Financial Protection Bureau: Roles and Functions

Central Financial Protection Bureau is one of the new federal agency created during 2011 after its concept was included as part of Dodd-Frank Wall Street and Consumer Protection Act. In the wake of financial crisis of 2007-08, where many investors were left bankrupt after they invested in risky products without even understanding the nature of the investment, it was important for the federal government to establish an agency that could regulate financial products and also have supervisory powers to protect the consumers. CFPB has the responsibility to oversee financial products and services being offered to the consumers. Infact, CFPB ...

Letter of Transmittal

Designation, Department Name Dear Professor Name, I hereby submit a report requested on ‘’Major Reasons for Financial Crisis of 2008’’. In order to provide an authentic and resourceful report, I have referred to some of the best academic and research resources.

Regards,

Introduction: It has been 6 years now since the news of bankruptcy of Lehman Brothers shook the global financial world. The intensification of the global financial crisis following bankruptcy and dis-solvency of leading investment banks, corporations, commercial banks, etc. had made the economic and financial environment very tough for the world economy. By early 2009, whole ...

- Introduction: Crisis Theory and Intervention Society is not a place without problems. In fact, it is a place with a lot of it. There are a lot of categories of problems that exist and perhaps the most common forms of problem are economic, political, health-related, and social in nature. The objective of this paper is to discuss a case of Crisis Theory and Intervention, particularly the case of Ken, a 20 year old college student studying at the University of Southern California, who is showing continuously increasing signs of anxiety and depression after being exposed to a traumatic criminal activity, that is the murder ...

Since the beginning of The Great Recession it is difficult to imagine an area of life that the economic crisis as not impact. It has thinned the wallets and bank accounts of many and even turned our attention away from once pressing matters such as the climate. Countless articles have been written about this topic in an attempt to make sense of this catastrophe and explain what is going on to the public at large. Two articles in particular make an attempt to explain very opposite ends of this chaotic financial spectrum. One attempts to shed light on household ...

Evil is a threat to human reason as it challenges the perception that the world makes sense. For instance, the Lisbon earthquake which occurred in the eighteenth century was manifest evil. In a study of religion and culture, Suzuki views evil as a matter concerning human cruelty and Maude Barlow as an extreme incarnation. Whether expressed in secular or theological terms, evil denotes a challenge about the world's intelligibility and it confronts religion with fundamental questions. Scholars of modern philosophy argue that a demon, which is no less powerful than God, subject humanity to different crisis or terror and controls reality of life. ...

Question one:

Developmental crises that demonstrate the normal evolution and growth of human beings where dramatic changes lead to abnormal responses Situational crises arise in the case of extraordinary and uncommon events which an individual cannot control or forecast. Existential crises relate to the internal conflicts which are closely connected to crucial human issues like responsibility, purpose, freedom, independence and commitment (Long, 2006). Ecosystemic crises also entail disasters caused by human beings and natural disasters. The people find themselves in such disasters without their intention. The founders of crisis theory include Rapoport in 1967 and 1970 who ...

The global economic crisis overview

The global economic crisis has been recorded as the most severe financial and economic crisis experienced across the world. Up to date, its aftermath is still being felt. This global crisis is known to have heard unprecedented effect on capital and credit. It took offshoot from financial markets in the United States. The contagion and impact ended up spreading unevenly all over the world. In this paper, I am going to discuss the effect and aftermath of the global economic crisis on the VLCC market in Nigeria, basing my argument on variables such as flight rate, other books, new ...

Essay

Economic cycle includes four phases: crisis (recession), depression, recovery and growth. The initial phase of the cycle is a crisis (other names: Recession - lat. Recessus-deviation). At the time of recession, there is a decline in economic growth rates, and then, as a rule, direct reduction of output. These phenomena are associated with the overproduction of goods. At this time, the stocks of unsold products are dramatically increasing. There is a mass bankruptcy (devastation) of industrial and commercial enterprises, which can not sell the accumulated products. Because of the suspension of production the unemployment is rapidly growing, and wages are declining. First, the ...

Question one:

Developmental crises that demonstrate the normal evolution and growth of human beings where dramatic changes lead to abnormal responses. Situational crises arise in the case of extraordinary and uncommon events which an individual cannot control or forecast. Existential crises relates to the internal conflicts which are closely connected to crucial human issues like responsibility, purpose, freedom, independence and commitment. Ecosystemic crises also entails disasters caused by human beings and natural disasters. The people find themselves in such disasters without their intention. The founders of crisis theory includes Rapoport in 1967 and 1970 who categorized crises ...

Water cannot be created nor destroyed. The amount of water all over the world has been always constant for literally ages. So unless the earth contains much less water that the world population demands, the real global water challenge is allocation - getting the water to where people need it - and this is what the crisis is all about. After all, every single one of the billion world population needs eight glasses of water a day, and that is just for bodily intake. And no one survives without water for a span of days.

How does water use of the past compare/contrast with water use today?

Tracing historical origins of civilizations, it always ...

Fred Moseley. "The U.S. economic crisis | International Socialist Review." N.p., 20 Jan. 2009. Web. http://isreview.org/issue/64/us-economic-crisis In 2009, the U.S economy experienced its worst disaster since the Great Depression. The article discusses the causes of the crisis, how bad it was and the various policies the government implemented to end it. The major cause of the crisis was the decline in the rate of profits. The rate of profit declined from 22% in 1970s to 12% in 2009. This resulted to high inflations and unemployment rates, therefore reducing the consumers’ purchasing power. As a result, the government had to adapt ...

According to Thomas Kuhn, science normally progresses in four stages. The first stage is known as the Pre-Paradigm Science. This phase of scientific advancement is the science practice lacking a core set of methods or propositions. In this stage some the paradigms are somewhat vague and for that reason new observations can be accommodated since the indefinite form of the paradigm does not clearly define what are acceptable or unacceptable outcomes. Discovery takes place as an outcome of the more or less random observations made and employed to create a paradigm view that is more structured. The second stage is ...

Management

IMF gives a warning that much efforts is needed by banks to lower their risks The article is talks about the alerts made by that the International Monetary Fund for banks to come up with solutions to their own problems. It is said that, “when you fail to plain, you plan to fail.” The article’s author is Douwe Miedema and the source is Bloomberg BusinessWeek newspaper. In the paper below, the crisis of bankruptcy in big banks is discussed and their over dependency towards the government. The paper goes further to discuss the improper handling of taxpayers’ money ...