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2008 Economic Crisis
A sub-category dedicated to the economic crisis that has affected us all
810 Questions
How was the financial crisis in 2008 solved?
The 2008 financial crisis was addressed through a combination of government interventions, monetary policy changes, and financial reforms. Central banks, notably the Federal Reserve, implemented aggressive interest rate cuts and quantitative easing to inject liquidity into the economy. The U.S. government also enacted the Troubled Asset Relief Program (TARP), which provided funds to stabilize failing banks and financial institutions. Additionally, regulatory reforms, such as the Dodd-Frank Act, were introduced to increase oversight and prevent future crises.
What are the benefits that people receive in Kuwait?
In Kuwait, citizens benefit from a range of government services and financial support, including free healthcare and education, which are funded by the country’s oil revenues. Additionally, Kuwaiti citizens receive monthly cash allowances and subsidies for essentials like food and housing. The government also provides low-interest loans for housing and business ventures. Overall, these benefits contribute to a high standard of living for Kuwaiti nationals.
What is business diversification?
Business diversification is a strategy that involves a company expanding its operations into new markets or product lines to reduce risk and increase growth opportunities. By diversifying, businesses aim to mitigate the impact of market fluctuations in their core areas, leveraging different revenue streams. This can take various forms, such as vertical integration, horizontal expansion, or entering entirely different industries. Overall, diversification helps companies enhance their resilience and competitiveness in the marketplace.
What are the labels of the serial number of ''Dracula origin''?
Well, darling, the labels on the serial number of "Dracula Origin" typically include information like the publisher, the game title, and a unique identification code. If you're looking for more specific details, you might want to check the packaging or the game manual. Just don't go searching for vampires in the process, okay?
What are the solutions to the global economic meltdown?
the enhancement and educaton for the better use of all human and material resources in their countries
the increase of food production or agriculture as one of the most convenient solutions to the global economic crisis
etc.
Economic system does cuba have?
Cuba has a socialist economic system, where the government owns and controls the means of production. This system aims to ensure economic equality and social justice by providing free healthcare, education, and other basic services to all citizens. However, it faces challenges such as limited access to goods and services due to trade embargoes and inefficient resource allocation.
Individual diversity refers to the unique differences and characteristics that exist among individuals, such as age, race, ethnicity, gender, sexual orientation, beliefs, background, and experiences. It recognizes and values the varied perspectives and contributions that people with diverse identities bring to a group or organization. Embracing individual diversity promotes equity, inclusivity, and a more enriching environment for growth and innovation.
What did you learn about diversity in this class?
There are many things that you can learn about diversity in a class. Some of them include diversity breeds a better society, the different interactions are the ones that make the ecosystem to exist.
Defition of geographical diversity?
Geographical diversity refers to the variation of physical features, climates, and ecosystems across different regions. It includes differences in landscapes, such as mountains, deserts, forests, and coastal areas, as well as variations in weather patterns and biodiversity. Geographical diversity contributes to a rich tapestry of environments that support a wide range of habitats and species.
What is equlity and diversity?
Equality refers to ensuring that everyone has the same opportunities and rights, regardless of their differences. Diversity recognizes and values the unique characteristics and perspectives that individuals bring to society, promoting inclusivity and understanding of different backgrounds, beliefs, and experiences. Together, equality and diversity work to create a more fair and equitable society.
Does your current unemployment rate underestimate unemployment?
Yes, the current unemployment rate may underestimate unemployment due to factors such as underemployment, discouraged workers who have stopped looking for jobs, and those who have left the labor force. This can result in a less accurate representation of the true extent of joblessness in the economy.
Teaching in a large city will offer a much more diverse student body than teaching in a tiny town. Dad's talents are extremely diverse. He plays the violin with the symphony, he was a champion skier in college and now he has built a beautiful new deck on the house.
By imposing a quota on a good or service in a community, it restricts the amount of imports or production from other regions, thus creating a more favorable market for local producers. This protection can help safeguard jobs in the particular industry by ensuring that local businesses have a larger market share and can maintain production levels.
Who warned of the dangers of the military-industrial complex?
Major General Smedley Butler - Author of the book "War is a Racket" "WAR is a racket. It always has been. A few profit and the many pay. But there is a way to stop it. You can't end it by disarmament conferences. You can't eliminate it by peace parleys at Geneva. Well-meaning but impractical groups can't wipe it out by resolutions. It can be smashed effectively only by taking the profit out of war." -- Major General Smedley Butler, USMC - 1935 General Dwight David Eisenhower In his Farewell Address to the Nation on January 17, 1961, President Eisenhower said, "In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist. We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together."
*** Comments that do not answer the question were moved to the discussion area. General Butler and President Eisenhower warned us about the military-industrial complex, but it wasn't the root of the economic crisis of 2008. The root of the economic crisis of 2008 was an unregulated market in complex derivative securities.
In an accounting context what is taking a bath?
A term referring to the consequence/circumstances of an investor who has experienced a huge amount of loss from an investment or speculative position. Investors whose shares have declined significantly are said to have taken a bath.
When a stortage exists in a market and price?
rises, it means that there is high demand for a product or service but limited supply. The increase in price serves as a signal to suppliers and encourages them to increase production to meet the demand. However, if the shortage persists, it can lead to prolonged high prices and potential imbalances in the market.
Many poor countries, by definition, have little capital to invest in technology. At the same time, they often have a large pool of low-skill workers who are accustomed to low wages. In these conditions it makes sense to invest the resources they do have (cheap labor) instead of the resources they don't have (capital).
Wealthier countries tend to invest capital in technology because it allows for fast production without the use of as much manual labor, which in wealthier countries costs more than in poorer countries. Richer countries also often have stagnant or negative population growth, meaning that the pool of low-skilled workers is limited. In these conditions it makes sense to invest in technology, not labor
What liberalization has taken place in the economy since 1991?
The liberalization has taken place in the economy since 1991 as follows:
1. Freer Imports and Exports: In the pre-reform period, India's trade policy regime was complex and cumbersome. There were different categories of importers, different types of import licenses, alternate ways of importing etc. Substantial simplification and liberalisation in all these respects has been carried out in the reform period. The tariff-line wise import policy was first announced on March 31, 1996 and at that time itself 6,161 tariff lines were made free.
2. Rationalisation of Tariff Structure: On the recommendations of the Chelliah Committee Report in January 1993, the Finance Minister announced substantial cuts in import duties in 1993 - 94, the 1994 - 95 and the 1995 - 96 budgets. The 1993 - 94 Budget reduced the maximum rate of duty on all goods from 110 per cent to 85 per cent except for a few items including passenger luggage and alcoholic beverages. The 1994 - 95 Budget further brought down the maximum rate of duty on all goods from 85 per cent to 65 per cent. This was brought down to 50 per cent in the 1995 - 96 Budget and further to 40 per cent in the 1998 - 99 Budget. The 2000 - 01 Budget reduced the peak rate of basic customs duty to35 per cent. Thus there are now only four customs duty rates of 35 per cent, 25 per cent, 15 per cent and 5 per cent.
3. Decanalisation: A large number of exports and imports used to be canalised through the public sector agencies in India. The supplementary trade policy announced on August 13, 1991 reviewed these canalised items and decanalised 16 export items and 20 import items. The 1992 - 97 policy decanalised imports of a number of items including news-print, non-ferrous metals, natural rubber, intermediates and raw materials for fertilisers. However 8 items (petroleum products, edible oils, cereals etc.) were to remain canalised. The EXIM Policy 2001 - 02 put 6 items under special list-rice, wheat, maize, petrol, diesel and urea. Imports of these items would be allowed only through State trading agencies. Their import will not be theoretically canalised, but for all practical purposes they would be so.
4. Convertibility of Rupee on Current Account: The exchange rate policy in India has evolved from the rupee being pegged to a market related system (since March 1993). The exchange rate is largely determined by the market, i.e., demand and supply conditions.
a) Partial Convertibility of Rupee:
The Finance Minister announced the liberalised exchange rate mechanism in the Budget for 1992 - 93. This system introduced partial convertibility of rupee. Under this system a dual exchange rate was fixed under which 40 per cent of foreign exchange earnings were to be surrendered at the official exchange rate while the remaining 60 per cent were to be converted at a market determined rate
b) Full Convertibility on Trade Account:
The 1993 - 94 Budget introduced full convertibility of the rupee on trade account. As a result, the dual exchange rate system was dispensed with and a unified exchange rate system introduced. Under the unified exchange rate system, the 60:40 ratio was extended to 100 per centconversion. This 100 per cent conversion was extended for almost the entire merchandise trade transactions and all receipts, whether on current account or capital account of the balance of payments.
c) Full Convertibility on Current Account:
Current account convertibility is defined as the freedom to buy or sell foreign exchange for the following international transactions:
i) all payments due in connection with foreign trade, current business including services, and normal short-term banking and credit facilities;
ii) payments due as interest on loans and as net income from other investments;
iii) payments of moderate amount of amortization of loans or for depreciation of direct investments; and
iv) moderate remittances for family living expenses.
5. Steps towards Convertibility on Capital Account: While convertibility on current account has been accomplished, convertibility on capital account is being carried out slowly and cautiously. Caution is necessary because convertibility on capital account can lead to substantial flight of foreign exchange from the country. 'Hot money' transactions can increase the volatility in foreign exchange market and create serious distortions in the entire domestic economy. Therefore, the Government of India has correctly decided to introduce convertibility on capital account only in stages. For this
purpose, different Union Budgets have been successfully 'opening up' and liberalising certain capital transactions.
6. Trading Houses: The 1991 policy allowed export houses and trading houses to import a wide range of items. The Government also permitted the setting up of trading houses with 51 per cent foreign equity for the purposes of promoting exports. Under the 1992 - 97 trade policy, export houses and trading houses were provided the benefit of self certification under the advanced licence system, which permits duty free imports for exports.
7. EOU/EPZ/EHTP/STP: The units undertaking to export their entire production of goods may be set up at Export Processing Zones (EPZs), Electronic Hardware Technology Park (EHTP), Software Technology Park (STP) and Export Oriented Units (EOUs). Recently certain changes have been introduced in these schemes.
8. Special Economic Zones: The annual EXIM Policy for the year 1999 -2000 announced on March 31, 1999 proposed the setting up of Free Trade Zones (FTZs) in the country. The FTZ scheme was to be operational from July 1, 1999. The idea was to insulate the zones from bureaucratic interference and export restrictions.
How did the us economy fall into a financial crisis?
I think this article I read about sums it up. http://www.associatedcontent.com/article/1078557/did_greed_cause_the_us_economy_to_fall.html?cat=3 The current U.S. economy has fallen and people are wondering how this happened and what caused the economy to fall. One reason the U.S. economy is unstable is because of greed. Banks became too greedy and gave loans to people that couldn't afford them. And consumers became too greedy and bought homes, cars and things on credit cards they couldn't afford.
As a result of this, the stock market is unstable. And the financial news is causing it to increase or decrease whenever something good or bad happens. Several banks are filing for bankruptcy and some banks are being bought by other companies so they can avoid bankruptcy.
One of the main industries that is being affected by the current economy is the real estate industry. So many home buyers were given a chance to own a home through the subprime loans. These loans gave people the false impression that they could afford a home that was out of their price range. But as soon as the rates and payments for the loans increased, these owners began to see that it was a bad idea to have a subprime mortgage. Many homeowners have lost their homes because of this. The subprime loans are one the reasons why so many homes have gone into foreclosure.
Another example of people being greedy in the real estate industry is the home builders. Before the housing market declined, home builders were building so many homes and believed they could make a profit from every home they built. When the housing market declined, home builders realized they built too many homes and they were going to have a hard time selling them. The current economy has forced home builders to cut the prices of their homes and lose profits.
The car industry is another example of an industry that has also been greedy. Several car manufacturers, mainly the U.S. automakers, have ignored the idea of making more fuel efficient cars and have continued to make gas guzzling vehicles. Because of the wrong choices they have made the U.S automakers are losing money. ****************************************************************** The housing crash, however, did not happen overnight. A number of factors contributed to the housing crash resulting extensive foreclosures and plummeting housing prices to their all time low. One of the main cause for the housing crash lies in the fact that banks and financial institutions were lending mortgages at 5 to 10 times the annual incomes of people, which was way above the safe value of 3 to 4 times. These financial powerhouses used aggressive terms and conditions but did very little scrutiny while providing mortgages. This led to an easy cash flow in the market which fueled the housing prices as well. The US economic meltdown also played a major role in the housing market crash world over. Foreign investors who had invested in the real estate market in US had to declare bankruptcy owing to massive loss. The housing crash is expected to cost the banking system a whooping $2 trillion dollars.
Read More : <a href=" http://www.housingnewslive.com/housing-market-crash-in-us.php">http://www.housingnewslive.com/housing-market-crash-in-us.php</a>
What makes a business successful?
A successful business will use all the proper tools to his advantage. Online entrepreneurs should use the most up to date entrepreneur resources to get ahead of the competition and stick out from the crowd. Press release distribution, social media, and tell a friend script are just a few items an entrepreneur can find online to help their small business become successful.
How much money do Ethiopians have?
Government politician: average 110,000.00 usd.
Government employee: average 1,000.00 usd.
Private sectors: average 20,000.00 usd
Other citizen(farmers): average 100 usd.
The rest(more than 70%): waiting for 1 die
Who is the CEO of Cadbury India?
Manu Anand is the current CEO of Cadbury India and South Asia. Previously Anand Kripalu was the CEO of Cadbury India.
WHAT ARE THE LIKELY EFFECTS OF GLOBAL ECONOMIC CHANGES ONCOMPANY
The similarities are striking according to Bernard C. Beaudreau, professor of economics at Université Laval and author of "How the Republicans Engineered the Stock Market Crash of 1929 and the Financial Meltdown of 2008." He argues that both were the result of unsutainable policy measures aimed at propping up aggregate demand - the Smoot-Hawley Tariff Bill in 1929 and financial deregulation (increasing household debt) in 2008. When it became obvious that both would fail, financial markets plunged. He points out a little known fact, namely that on the day of the first stock market crash in October 1929, the Smoot-Hawley Tariff Bill suffered its worst day ever in Congress.
The upshot of his work is that financial markets are not to blame, rather poorly thought-out government policy is!
