American Red Cross. The main purpose of Red Cross is to meet the instantaneous disaster caused needs of persons, households and communities. Even after the emergency stage of a response has been done, the organization also partakes in assisting individuals in recovering and addressing persistent community needs. American Red Cross properly fits into Florida’s crisis response requirements. To begin with, the organization partakes in disaster training in order to make a difference

The U.S. is a property owning civilization and a number of the people wanted land and housing. Americans however scarcely ever create savings. "The country itself lives on other countries' savings by issuing bonds to finance its excessive consumption. The current crisis began with cheap housing loans offered by banks. Banks provided loans but instead of holding the loan in their books, they packaged them into collateralized debt obligations (CDOs)

Economic Crisis The revelation of the financial crisis that unfolded in United States in 2008 is considered to be the worst economic crisis since the Great Depression, 1929. The distinctive causative factors that have contributed to the U.S. economic crisis 2008- 2009 are differentiated by aggravated financial control, higher risks in capital investment, the housing bubble phenomena in relation to the brisk credit expansion. The aggregation of these factors in the

Global Financial Crisis Since the early 2008, financial institutions started to go through chaos all over the globe. The stock markets were beginning to crash, businesses were shutting down, and investors were losing their money. This was to indicate that the entire globe had been hit by a period of economic crisis leading to a large number of corporate collapses of banks, investment companies, multinational corporations, etc. This downfall of economic

Dombrowsky "Disaster" as a Trigger Joseph Scanlon, Director of the Emergency Communications Research Unit at Carleton University, states that the term "disaster" has undergone a transformation in the wake of 9/11. Its transformation is the center of debate for researchers whose work relies on an adequate definition and understanding of "disaster" -- yet Scanlon makes clear that he has been particularly struck "by how much of the debate [is]...influenced by awareness of

This indicates that the Australian system has sufficient regulatory oversight to keep high-risk obligations to a minimum. Despite being well-positioned from the outset, Australian banks remain saddled with some toxic assets (worthless MBSs and securities backed by insolvent financial institutions). Moreover, they found themselves at a competitive disadvantage. When foreign banks received government backing, their credit rating improved to the level of government securities. This resulted in a disadvantage to