2008 Economic Crisis

Financial meltdown is another term used for a financial crisis. You can compare the performance of the financial markets with the burning of a candle.

The world economy and financial markets were in a bad mess a few months back due to the subprime economic crisis. Investment Banks went bust, home loan foreclosures and defaults were at their peak, stock markets crashed, etc etc

Urbanization increases the consumer class as well employment. More people in cities will create more jobs. A bigger consumer class will obviously consume more resources and employment ensures people have money to spend. These two together increase consumer spending and hence drives the economy and state spending.

For example: An increase in Urban population will increase the need of infrastructure, food, healthcare facilities, etc. and thus will increase the need of human resource creating jobs. These people will earn and spend thus driving economy. These people will save also...thus giving money back to banks. Banks give this money to industry in form of loans.

So, this a whole cycle and everything is connected.

International Union for Conservation of Nature.

It is an international organization dedicated to natural resource conservation. It was founded in October 1948, as the International Union for the Protection of Nature (IUPN), following an international conference at Fontainebleau, France. Its headquarters are located in the Lake Geneva area in Gland, Switzerland.

The power sharing arrangement that the fascist had in the Italian governments in the 1920s helped to prepare some of its members to handle parts of the economy well when the global depression hit. The investment in what we call "infrastructure" was an appropriate public use of money. The modernization of healthcare in the 1930s put many women through medical schools so they could staff the village and town clinics built as part of the public works program. These useful public works and the hydroelectric plants created to power the "re-birth" of the Roman Empire under Mussolini and his fascist technocrats planned to build and rule. The move towards autarky in the 1930s was a wasteful and foolish plan to be self-sufficient in a way that Italy never was during the actual era of the Roman Empire.

So while the public health and the infrastructure spending was appropriate and helpful to Italian society, war and autarky were economically disastrous distortions of a nationalist economic system. The disaster that was the "struggle for wheat" and the "struggle for iron" and entry into war on the side of Germany sank the Italian economy. Ultimately Mussolini's will to create a self-sufficient militaristic state trumped the good of an advanced public health system and an advanced public building program that relieved the effects of the great depression and provided a modern road system that aided commerce.

In balance the modernization of the Italian economy .in the 1920s-1930s under the fascist leadership of Mussolini accomplished the task that other European nations and the United States accomplished in the 1910s through progressive and socialist governments. The corporatist state under the "progressive" fascists was similar to the accomplishments of the pro-business associationalist Republicans of the 1920s US. The public spending of the fascists in the 1930s was more targeted and less restricted than the moderate governments of Great Britain, France and the United States. There were admirers of Mussolini's control of the labor unions in many countries from Argentina, Brazil and China to the United Kingdom and the United State,s where the Luce family's publishing empire promoted Italian style fascism and the corporatist state for "getting the trains to run on time." It was a high price to pay, switching from inefficient, elected, representative government to a fascist dictator just to crush the labor unions, but members of the upper class in the US and UK were interested in the idea. Fortunately the public in those countries were not interested in making a switch to Italian fascism.

1) Rising interest rates due to high economic growth. The cost of borrowing has increased dramatically and has tended to force many Australian's to stop spending. The RBA has aimed for a soft landing by increasing the basis points over the past few months. 2) Inflated prices especially in real estate (interestingly there has been a reduction in advertisements for those selling houses) 3) Extremely High dollar compared with the US dollar. This can lead to a number of economic problems e.g. decreased tourism and investment and our exports becoming less attractive.

Debit Memo - It is a sales document used in complaints processing to request a debit memo for a customer. If the prices calculated for the customer were too low, for example, calculated with the wrong scaled prices, you can create a debit memo request. The debit memo request can be blocked so that it can be checked. When it has been approved, you can remove the block. It is like a standard order. The system uses the debit memo request to create a debit memo. Credit Memo - A transaction that reduces Amounts Receivable from a customer is a credit memo. For eg. The customer could return damaged goods. A debit memo is a transaction that reduces Amounts Payable to a vendor because, you send damaged goods back to your vendor. Credit memo request is a sales document used in complaints processing to request a credit memo for a customer. If the price calculated for the customer is too high, for example, because the wrong scale prices were used or a discount was forgotten, you can create a credit memo request. The credit memo request is blocked for further processing so that it can be checked. If the request is approved, you can remove the block. The system uses the credit memo request to create a credit memo. A debit note given to you means you owe money, a credit note means you are owed money.

the last recession began in march of 2001 and ended in November 2001.

Depending on what kind of financial crisis is being described for example; large scale financial crisis such as businesses and communities or small scale such as personal financial troubles. On a personal level not having enough money to live of for necessities is a crisis. For large scale like a community if the economy is bad then that is a big problem as well.

Hospitality industry is closely related to tourism. By the advent of global crisis, it's easy to figure out that tourism industry is down. So, relating to that, one can say hospitality industry also suffers. Moreover, those who can still afford to consider the hospitality of the industry are busy with their works too as the crisis has put extra burden in their work life.

I really don't think that it was necessary for lehman's to declare bankruptcy but feel that after the US government bailing out others they should have also considered helping Lehmans. I think that they have created an even bigger problem, and think of the lost money by shareholders. The government has created another down draft that will not be felt for a few months but think about it...the shareholders themselves maybe middle upper class citizens are now out every dollar invested in that bank and are now sitting with nothing as the SEC pushed Lehmans into the Pinksheets today Sept 18 2008. Many of those people have lost much of their life savings. What about the employees that were given stock options and thought of their shares in Lehmans as retirement. It just does not cut the cake...I think that this all moved way to fast and I truly think that the US government should have jumped and given some sort of a lifeline to Lehmans. I think there is bigger trouble coming yet.

Technical education is important because technicians are needed to keep everything running. In fact, there isn't any phase of education that isn't important. Like the grade school saying goes: the more we know, the better we grow.

Military officers,elected officials, priests, police officers, firemen, doctors, and funeral directors. Architect/contractor familiar with disabled renovation, Biochemists, Family finance counselors, Hiking/biking guides, Vets etc are also some jobs which are recession proof.

They learn to specialize to become more efficient and make greater profits.

You mean globalization, it mean how an idea, inventions, and production or etc. gets from one place to another. Including culture, business, traditions, immigration; this also includes the improvements and method of developing countries as well

Some firms continue production even though they suffer a loss because of the 1)future expected economic prospects.2)they have already invested a huge fixed capital3)mainaitn the good will of the parent company (stock market prices).4)strong trade union compulsion5) providing public goods and merit goods

The Subprime Mortgage Crisis is an ongoing economic problem that has become more apparent in 2008 and has resulted in reduced liquidity in the global credit market and also the banking & financial systems. This crisis has exposed the weakness in the global financial system and also the regulatory framework that is overlooking them. Some of the reasons for this crisis are: 1. The US Real estate market crash 2. High default rates on Subprime loans & 3. Subprime Mortgage backed securities

fifty fifty chance that it might mean this: individuals face an opportunity cost with each decision they make

At first President Hoover tried to organize national optimism by summoning business execs to DC to declare that conditions were sound and that there would not be wage cutting. When that did not work (stop the depression), he became inactive for a while, trusting to the idea that it all would self-correct. When that did not work, he organized an international moratorium in war debts and reparations. This actually did help stem the slide further into depression, but only briefly. Then he set up the Reconstruction Finance Corp. to bring federal aid to hard pressed banks and businesses. Just as it seemed that this might work and that recovery was at hand, in the winter of 1932-33 the banking system in America went into a tailspin. On March 4, 1933, the American banking system ground to a complete halt. Hoover was an able and intelligent president who attempted orthodox economic ideas, but became a victim to the collapse of the system.

Demobilization is when two or more waring parties sign a peace treaty to end the war. This is usually followed by the disbanding of the fighting forces. The countries may still maintain a small fighting force.

The required reserve ratio is lowered.

Communism is an extreme form of socialism and permits no private property.