While the unemployment rate has fallen over the past couple of years‚ the incidence of long term unemployment has been on the rise and therefore still remains a critical policy issue in Australia. The question of how best to reduce unemployment has been a significant part of the policy agenda for more than two decades due to the complex problems it causes for both policy makers and the individuals affected (Dixon‚ 2004 & Walsh‚ 1987). Those that are long term unemployed (LTU)‚ unemployed for 52 weeks
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THE 2007-2008 FINANCIAL CRISIS: CAUSES‚ IMPACTS AND THE NEED FOR NEW REGULATIONS The initial cause of the financial turbulence is attributed to the U.S. sub-prime residential mortgage market. The sustained rise in asset prices‚ particularly house prices‚ on the back of excessively accommodative monetary policy and lax lending standards during 2002-2006‚ increased innovation in the new financial instruments‚ unusual low interest rates resulted in a large rise in mortgage credit to households; particularly
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school it often remains a riddle for many all through the life. An energy crisis is any great bottleneck (or price rise) in the supply of energy resources to an economy. In popular literature though‚ it often refers to one of the energy sources used at a certain time and place‚ particularly those that supply national electricity grids or serve as fuel for vehicles. There has been an enormous increase in the global demand for energy in recent years as a result of industrial development and
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Russian Crisis 1988 Introduction The Russian Financial crisis(also called “RUBLE” crisis) hit Russia on 17 August 1998. It was triggered by the Asian Financial crisis‚ which started in July 1997. During the ensuing decline in world commodity prices‚ countries heavily dependent on the export of raw material where among those most severely hit. Petroleum‚ natural gas‚ metals and timber accounted for more than 80% of Russian exports‚ leaving the country vulnerable to swings in world’s prices. Oil
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A person being without a home is a human rights issue that impacts people more deeply than just in lack of permanent housing. There are three classifications of homelessness; primary‚ secondary and tertiary. All three types have significant effects on an individual’s everyday life that include: minimal or no education and employment; mental health issues; and destructive relationships which can cause substance abuse. The government need to put to action practical strategies that prevent homelessness
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Nuffer 3/13/2011 The subprime mortgage crisis in the U.S The argument over who should be at fault for the subprime mortgage crisis and housing market collapse in the United States has been a heated debate. Even though home foreclosure keeps rising‚ there should be some accountability for the economic meltdown resulting from the subprime mortgage situation. Should we blame banking institutions‚ mortgage lenders‚ brokers‚ and investors for this crisis? Should minorities be blamed for recklessly
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[http://findarticles.com/p/articles/mi_m1272/is_2694_131/ai_98829796/?tag=content;col1] FROM THE PERSPECTIVE of crisis management‚ the first few years of the 21st century have been extraordinary. As a society‚ we went from the Ford/Firestone fire debacles (May to September‚ 2000) to the terrorist attacks of Sept. 11‚ 2001. These were followed in close succession by unsavory revelations that Catholic priests had committed serious acts of child abuse and‚ furthermore‚ that these acts were repeatedly
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recent financial crisis was an all encompassing meltdown that affected the entire global economy. It is nearly impossible to quantify the distress this crisis put on the American economy and the world has yet to see the long term damage. After any disaster‚ people are eager to point fingers. This financial meltdown was no different‚ as critics were quick to blame anything and anyone from Wall Street to fair value accounting. It’s hard to pinpoint exactly what caused the most recent financial crisis
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US FINANCIAL CRISIS AND ITS IMPACT ON PRIVATE HOUSEHOLD SAVINGS TABLE OF CONTENTS 1) INTRODUCTION AND IMPACT OF US FINANCIAL CRISIS 2) ANALYSIS OF GROSS SAVINGS RATE 3) ANALYSIS OF HOUSEHOLD SAVINGS AND HOUSEHOLD SAVINGS RATE 4) ANALYSIS OF GROSS FIANANCIAL ASSETS AND GROSS FINANCIAL LIABILITIES 5) ANALYSIS OF COMPONENTS OF GROSS FINANCIAL ASSETS AND GROSS FINANCIAL LIABILITIES 6) REFERANCES
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Master General Department was established in 1901 on the federation of Australia as part of Australia’s government. In the later years‚ Post Master General Department (PMG) was separated into two different sectors which consist of the Australian Telecommunications Commission which is to handle the telecommunication sectors and also Australian Postal Commission which handles all the postal services under the trading name of Australia Post in 1975. In addition to that later in 1989 the Australian Government
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