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2008 Economic Crisis

A sub-category dedicated to the economic crisis that has affected us all

810 Questions

Is Elizabeth Warren pro-life?

Elizabeth Warren has not openly discussed her position on abortion or other social issues like gay marriage, preferring to stick to her economic message. She has been endorsed by pro-choice groups like EMILY's List, so it seems safe to assume that she is pro-choice unless she says otherwise.

Importance of vocational and technical education?

If you are a qualified V&T Ed person

you can shape, design, manufacture and market your hands on experience.

earn your livelihood

will never be jobless

you will earn respect and wealth when fulfilling needs of others

By doing all that, you, your family, friends and others will be happy. is it not amazing.

Total number of IRS tax payers?

omg i don't know who does know?? even if someone did know, who would waste their time answering your question, anyways?? why don't you answer my questions eh?!! oh yeah that's right, close this page!

Solution for software crisis?

reduce software faikure rate and increase productivity

How much is 20000000 rupees to US dollars?

383,141.76 Dollars as on 30/11/11 19:39 pm

or use xe.com

What is monetary evaluation?

Monetary Evaluation is the process of assessing the final value of the money allocated to a certain activity/project. Get the level of achievement and identify the needs of improvement in future.

What is the total number of common stock shares of Lehman Brothers outstanding?

Hello, I would like to ask what is the total number of Lehman Brothers total shares outstanding. The reason of this question is if it is worth it to participate in the Lehman Brothers settlement when I held only 27 shares of common stock during the class action period.

How do you solve the rising prices of fertilizer?

The only way to stop the rising prices of fetilizer is to stop growing crops for biofuels.

What is the difference between net and gross measurements?

Gross is without deductions and Net is with deductions in the end it depends on what your deducting rather it be money for income or people dropping out of school for finding the total attendance in schools.

Eefect of science and technology to the development process of nigeria?

Well science and technology will allow an increase in the output of resources. This in turn will increase GDP. This means the per-capita income will increase, ultimately resulting in an increase in development because there will be higher consumption of education and health services.

What is Keyne's psychological law of consumption and empirical evidence?

the psychological law of consumption states that as the income of the consumer goes on increaing the consumotion also increases but at a rate which is lessthan incrase in income

Investigatory projects about recycling?

bkt po wlang inves about recycle un po kasi ung need ko please help me

xD

What happens if the company is still in business but the stock is at 0 Do they automatically go out of business?

If a company's shares are worth nothing they will almost certainly not survive for long....they mgiht have a large loan or some debt securities but they wouldn't last long

What was the source of the 1973 economic crisis?

October 6th 1973 Oil Crisis was a direct cause of the Economical Crisis. OAPEC refused to export petrol to supporters of Israel because of the Yam Kippur War where Syria and Egypt invaded Israel. Basically they issued an oil embargo. Alongside the oil crisis, USA had decided to float the dollar, which was devalued.

By how many points did the Dow Jones fall when Lehman Brothers announced that they were filing for Bankruptcy?

The Dow fell 504 points the day that Lehman Brothers announced their bankruptcy. To be fair the 500 plus point drop can be attributed to the ever worsening credit crisis that is effecting the financial industry. Merrill Lynch was bought out by Bank of America on the same day as the Lehman announcement. It is becoming apparent that AIG and Washington Mutual are on the brink of collapse as well.

How recession has effect the auto sector?

Because of the recession the cash flow and liquidity in the market has come down considerably. So people are trying to minimize expenditure. As a result their spending on cars and automobiles are coming down.

Therefore the Auto sector is affected.

The sales and revenues of the top auto majors world over has come down. Recently the US government has even sanctioned a bail out package for the automobile manufacturers

Do oil companies get government subsidies?

ya the PSU oil companies get the subsidies from the government. As the oil prices in retail market in most countries like India are governed by the government so in order to compensate for the losses occured by the PSU oil companies the government provides subsidies. These subsidies are in the form of Oil Bonds issued by the government to these oil companies, which can be encashed by the companies whenever they require funds.

In America they are granted tax breaks (much like any other business, though). But we have to look at the net factor of a lot of things. For instance, many oil companies are punished for pollution or subject to higher taxes than most businesses. ExxonMobil usually pays about twice its profit in taxes every year (If I remember correctly, Exxon made $17B dollars last year but paid $34B in taxes).

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In the USA Petroleum companies are the beneficiaries of preferential tax credits and rates which are significantly lower than other businesses. Including Federal subsidies for: Percentage depletion allowance, nonconventional fuel production credit, Expensing of exploration and development costs, enhanced oil recovery credit, Foreign tax credits (FTCs), Deferral of foreign income, Accelerated depreciation allowances, Expensing of tertiary injectants, and Exclusion of interest on industrial development bonds for energy facilities.

In addition to the federal tax subsidies State and Local tax rates on the sale of gasoline is approximately 1/3 lower than the average sales tax rate on other types of products.

Many temporary tax relief reforms such as the The Taxpayer Relief Act of 1997 (TRA) etc cost another 2 billion in 1997 dollars per year that once in place have yet to be removed due to politicians being sympathetic to the wishes of the petroleum industry.

Not only do these tax provisions distort the real price of gasoline at the pump, but promote the general environmentally unfriendly practices of the oil industry over the development of cleaner alternative green fuels.

Why does subprime occure?

It happens due to over lending and longterm lending to the borrower.It is a long term process.

Why can't the mint just make us more money to get us out of the recession?

For one thing the mint cannot issue money- it only prints paper money and stamps coins.

If the mint or the Treasury Department issued more cash than is secured by the Federal Reserve, it would devalue the dollar and drive the economy into a depression.