Business
US has faced acute economic crisis since 2008. Present economic crisis started from the downfall of housing sector which lead to the financial crisis such as bankruptcy of Lehman Brothers (at that time fourth largest investment bank in the U.S.A.) and bankruptcy of largest insurance in world, the AIG (which were later saved by introducing bailout packages by U.S. government) which further collapsed production and unemployment plummeted. It is usually termed that it is the worst economic crisis since the Great Depression. (Moseley, 2009)
Even though Fed Reserve claims, the crisis has averted to some extent but the problems of unemployment, recession and inflation still prevails in U.S. economy.
According to U.S. Bureau of Labor Statistics, the unemployment rate staggers to an amount of 8.3% in February 2012. Similarly, U.S. Bureau of Labor Statistics also shows that consumer price index is on upward swing in 2012. Recent wave of agitation under the banner of "Occupy Wall Street" is also embodiment of high unemployment rate prevailing in U.S. economy.
Bernake (Chairman Federal Reserve) says, the U.S. job market remains weak despite recent three months strong hiring. Moreover, he says that further job gains require more policies that are robust. (Economic Crisis, 2012)
Marxist Theory can explain position of U.S. market; it says the significant decline in the rate of profit is the main cause of the twin evils of higher unemployment and higher inflation and hence, lower real wages experienced...
Japan's Economic Crisis Following the United States terrorist attacks on September 11 and the outbreak of mad cow disease, economic analysts are predicting the onset of a deepening recession in Japan. Some are even referring to the possibility of a depression in the world's second largest economy, due to the global economic downturn. Recently released surveys of future trends together with economic data recording economic performance over recent months point at least
Business of Health Care This study highlights essential facts about health care and health in the local, national, and international health care delivery. Healthcare in the U.S. stands at crossroads between opportunities and challenges. Both the local, national, and international health systems face common problems in the delivery of efficient, high quality and equal health services. All these are concurrently happening in times when the amount of care delivered exceeds the
In 2000 legislation was presented by Ralph Klein to the legislature, demanding that provinces be permitted to allow private hospitals. That same year, more budget cuts slammed the health systems, when the "Federal Budget offers 2 cents for health care for every dollar of tax cuts." (Health Coalition) in 2002 the Romanow Royal Commission on the Future of Health Care in Canada was created to investigate the health-care situation
(Richter, 2002, p. 126) The Asian currency crisis put a heavy toll on the Asian economic paradigm sweeping across economies of Singapore, Taiwan and Korea. For instance, the implication of the regional crisis on Korea has been acute. It was compelled to approach the IMF for emergency credit and received $57 billion aid package with 7.5% of the Korean employable people without jobs by July 1998. Labor problems surfaced across
Resulting from the devaluation of China's currency was an exacerbation of problems throughout Asia. VII. 1995-96 -MINI-RECESSION, DEBT PROBLEM, ACCUMULATION In the summer of 1995, the reversal of the chronic weakness of the dollar resulted in the depreciation of the Japanese yen, which had been approaching an acute deflationary crisis with a steep fall in the stock market. (Makin, 2000; paraphrased) VIII. 1996-97 - DEBT / FOREIGN EXCHANGE, RESERVE RATIONS DETERIORATE The work
New International Banking Regulations on Bahrain Banking Sector Major International regulatory developments that impacted banks in Bahrain for the past five years Current Regulatory Trends Impacting Regulatory Activities in Banks in Bahrain Top Three Risks Facing Banks in Bahrain & how it can help Develop Regulatory Environment Following the global financial crisis of 2008-2009, there has been a worldwide debate about better regulations in the world banking systems which has impacted banks all
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