OCTOBER CRISIS Mairead Dunn Mr. .Burke November 23‚ 2012 SUMMARY OF MAIN POINTS October Crisis: -series of events triggered by two kidnappings of government officials by members of the Front de libération du Québec (FLQ) during October 1970 in Quebec‚ and mainly Montreal metropolitan area. -culminated in the only peacetime use of the War Measures Act in Canada’s history -was invoked by Governor General of Canada Roland Michener at the direction of the Prime Minister Pierre Trudeau‚
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Subprime crisis Introduction The subprime crisis is one of the biggest disasters of the financial system. It originated in the US subprime mortgage market in 2006 and within a year it engulfed the financial sector of USA along with numerous mature economies. The weaker income groups comprising the Afro-Americans and the Hispanics suffered home losses. It is projected that the number of subprime foreclosures will reach 2 million‚ if measures are not taken to resolve the crisis. This
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ENERGY CRISIS INTRODUCTION 1. An energy crisis is any great shortfall (or price rise) in the supply of energy resources to an economy. It usually refers to the shortage of oil and additionally to electricity or other natural resources. The crisis often has effects on the rest of the economy‚ with many recessions being caused by an energy crisis in some form. In particular‚ the production costs of electricity rise‚ which raises manufacturing costs. For the consumer‚ the price of gasoline (petrol)
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and Consequences of the Spanish Economic Crisis: Why the Recovery is Taken so Long? Summary: Spain is currently facing its worst crisis in the last fifty years. The crisis began as an extension of the international financial crisis‚ but the internal imbalances accumulated in the pre-crisis period aggravated the situation. At present their incomplete adjustment is making difficult the economic recovery. This paper describes the evolution of the economic crisis in Spain. The real estate sector and the
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1991 India economic crisis By 1985‚ India had started having balance of payments problems. By the end of 1990‚ it was in a serious economic crisis. The government was close to default‚ its central bank had refused new credit and foreign exchange reserves had been reduced to such a point that India could barely finance three weeks’ worth of imports. The country had to airlift its gold reserves as a pledge with theInternational Monetary Fund (IMF) for a loan.[1] The crisis was caused by currency
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Name: Alicia Torres The Crisis in Venezuela p.16 What’s the Big Idea? After reading “The Crisis in Venezuela‚” use the graphic organizer below to record the article’s central ideas. Use the topics in the column on the left as a guide. TOPIC STATE THE CENTRAL IDEA RELATED TO THIS TOPIC ECONOMY Shortages of basic goods UNREST Lost in oil South America facing crisis GOVERNMENT RESPONSE TO UNREST Insisting to changing to a dictatorship RELATIONSHIP WITH THE U.S. U.S buys oil from
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Crisis in the Village Chapter One: Churches~ A Crisis of Mission A Critique Presented to Dr. Joseph L. Jones Johnson C. Smith University In Partial Fulfillment of the Requirements for LS 235 By Malcolm-Ryan Brown June 11th‚ 2010 Robert M. Franklin in his adoring and avid book Crisis in the Village presents in first-person advice and constructive criticism as he identifies issues within the African-American church. Black churches face a "mission crisis" as they struggle to serve
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beings‚ animal‚ all the kinds of plants need water. Although the earth consist of two third of water and third of land‚ many countries still face a crisis on storage of water. This crisis has the potential to be a reason that damages the nation. Yemen is one the highest rate of consuming of water sources in the Middle East. Therefore‚ water crisis in Yemen may be soon becomes a catastrophic level‚ unless immediate intervention is taken. In consequence‚ the Yemeni government should be taken on its
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Understanding the causes of 2007-09 ‘financial crisis’…and the UK government’s response- An essay by Shirumisha Kwayu Posted on 18/04/2013 by Aikande Kwayu Note to the reader: This is the first entry that is not written by me (i.e. Aikande Kwayu). The blog is now inviting entries by interested people…if you think you may have something to share please feel free to email me. And now…let’s learn a bit about the recent financial crisis and how the UK government responded. It’s important to understand
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Definition of Currency Crisis: A situation in which the value of a currency becomes unstable‚ making it difficult for the currency to be used as a reliable medium of exchange. The effect of a currency crisis can be mitigated by sufficient foreign reserves. A currency crisis is a type of financial crisis. When is the Currency Crisis started? The Asian Financial Crisis was beginning in July 1997. The crisis started in Thailand with the financial collapse of the Thai baht caused by the decision
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