Indonesia grows at an average rate of 6% every year since 2007. Even the collapse of world financial system which was started by the bankruptcy of Wallstreet financial giants like Bear Sterns‚ Lehman Brothers‚ Meryl Linch‚ and world insurance giant‚ AIG‚ which drove the world to global financial meltdown and world economic recession; which was the worst after the Great Depression‚ on the period of year 2008 until economic recovery phase of United States in 2010‚ Indonesia stayed to grow above 6% annually
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Property and the housing marketing plummeted. Layoffs put more than a million Americans out of work 2. What steps did the Federal government and the Federal Reserve take to mitigate the crisis? The Federal Reserve stepped in and bailout out AIG Congress passed the Troubled Assets Relief Program The American Recovery and Reinvestment Act was signed by Congress Treasury Department spent money on an auto industry 3. Compare and contrast microeconomics and macroeconomics. How do the two
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Sylvia Udeh RDNG 052 April 29‚ 2014 John F. Kennedy was sworn in as the 35th President on January 20‚ 1961. In his inaugural speech he spoke of the need for all Americans to be active citizens. "Ask not what your country can do for you‚ ask what you can do for your country‚" he said. He also asked the nations of the world to join together to fight what he called the "common enemies of man: tyranny‚ poverty‚ disease‚ and war itself." President Kennedy‚ together with his wife and two children
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Rosa Parks was an activist‚ African-American in origin‚ who with her action to refuse to give her seat to a white man became a symbol for the civil right movement. The event took place on December the 1‚ 1955 in Montgomery‚ Alabama. Rosa Parks entered the bus and sat in the ”coloured” section of it where coloured people were aloud to sit. After the white section became full she denied giving her seat‚ as she was ordered to do by the driver to another white man. She was then arrested and went into
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Peshtigo Fire The article‚ The Blood-Red Night by Lauren Tarshis illustrates how the Peshtigo fire in 1871 was a very deadly natural disaster that changed the lives of many people. The Kramer family’s lives were going pretty great in Wisconsin the forest was very big. Next‚ the article talks about the fires that began to spread out of control and burn things up‚ like the creek. People began to become panicked and started to try and prepare for the fire. The fire hit them hard and became a firestorm
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We believe that everyone should be able to understand how the financial crisis came about‚ what it means for all of us‚ and what our options are for getting out of it. Unfortunately‚ the vast majority of all writing about the crisis – including this blog – assumes some familiarity with the world of mortgage-backed securities‚ collateralized debt obligations‚ credit default swaps‚ and so on. You’ve probably heard dozens of journalists use these terms without explaining what they mean. If you’re confused
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Hong Kong Disneyland was opened in September 2005 through a joint venture between the Walt Disney International and Hong Kong government. Hong Kong was a prime tourist destination for a large number of people from the mainland. Disney focused on people from mainland‚ the local residents and international tourists. The culture of Hong Kong differs from the mainland and the local residents were infamous for their low patience and different tastes for entertainment. Since it’s opening‚ the park has
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Groupthink Model In American psychologist Irving Janis’ work Victims of Groupthink: A Psychological Study of Foreign-Policy Decisions and Fiascos‚ Janis defines groupthink as the “psychological drive for consensus at any cost that suppresses disagreement and prevents the appraisal of alternatives in cohesive decision-making groups” (Janis 9). Janis successfully links the groupthink theory
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Voter turnout is defined as a number of voters who actually cast ballots in an election‚ to a percentage of people eligible to register and vote. About half of the voting age population historically does not vote‚ even in presidential elections. The voter turnout is even lower in off year congressional and state elections. Turn out in local elections is even lower. Voter turn out is always higher in years with a presidential election. Voter turn out has generally declined since the 1960’s.
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The Ascent of Money - Individual Essay ECO/372 October 10th‚ 2012 The Ascent of Money - Individual Essay The Ascent of Money written by Harvard Professor Nail Ferguson as a way to converse about “The Financial History of the World” (Ferguson‚ 2009). Ferguson describes the increase and development of economics concentrating on insurance‚ financial institutes‚ and the bond market. Ferguson reveals the method in which history can enlighten our comprehension of the existing economic
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