The Guardian 08/05/13 11:18 Printing sponsored by: Paul Krugman’s call to arms against austerity An interview with the Nobel prize-winning economist‚ whose book roundly attacks the ’delusional’ deficit-reduction strategy Phillip Inman‚ economics correspondent The Guardian‚ Monday 6 May 2013 14.16 BST US Nobel prize-winning economist Paul Krugman. Photograph: Then Chih Wey/Xinhua Press/Corbis Paul Krugman has just passed the landmark 1 million followers on Twitter. Not bad for an academic
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Mechanism of Control of Germany as a Core: European Union i. Germany’s Overseas Expansion * Roger Chickering 1996 * Germany’s Kolonial reich (colonial empires) symbolized the country’s great power * Colonies gave assurance to economic security of the country‚ business expansion the bourgeois class and also to increase the people’s standard of living * Germany had already showed interest in overseas world * Due to Economic modernization‚ industries within Germany became dependent
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we are all wealthy and retired by this house of cards falters” (Bloomberg‚ 2007). The credit crisis is known as the “House of Cards”‚ for years the banking industry has transformed many American lives‚ which has resulted in a troublesome economy. Many factors led to the credit crisis‚ such as the rise and fall of the housing market‚ and inaccurate credit ratings helped to create the sub-prime mortgage crisis (Issues & Controversies‚ 2010). Low interest rates developed easy credit‚ in which people
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Comparing the Socio-Economic and Demographic Factors of Crime in India and Germany Table 1: Criminal Statistics in India and Germany 2009 | India | Germany | Population | 1‚170‚938‚000 | 82‚002‚400 | Number of Registered Cases | 6‚675‚217 | 6‚054‚330 | Offence Rate (per 100‚000 residents) | 571 | 7‚383 | Number of Established Suspects | 7‚751‚631 | 2‚187‚217 | Rate of Established Suspects (per 100‚000 residents) | 663 | 2‚477 | Number of Suspects below
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Running Head: Global Economic Crisis: Causes and Consequences Global Economic Crisis: Causes and Consequences Customer Inserts His/her Name University Name Introduction: The current economic crisis had been persistent for many years. However‚ the frequency of such economic and financial crises has doubled its rate and could be compared to the era of Great Depression. This recession is often distinguished by several
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Stock Market and Economic Growth: An Empirical Analysis for Germany Adamopoulos Antonios Department of Applied Informatics‚ University of Macedonia‚ Thessaloniki‚ Macedonia‚ Greece Correspondence to: Adamopoulos Antonios‚ adamant@uom.gr Published online: April 15‚ 2010 Abstract This paper investigates the causal relationship between stock market development and economic growth for Germany for the period 1965-2007 using a Vector Error Correction Model (VECM). The purpose of this paper was to
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Banking in the Global Economic and Financial Crisis" 1. Introduction It is fair to say that central banks around the world have learned the lessons from previous crises and they attempted to change financial regulations to keep pace with the changing global financial system. The policy response triggered by the recent financial crisis has been rapid and it appears that the global policy response has helped to mitigate the effects of the financial crisis. European Central
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• Lesson 26 The Growing Economlc Crisis of the Late Nineteenth Century Objective • To understand progressive steps taken by big business to bring order and stability to chaotic businesses of the late nineteenth century Notes ~ ~ ~ • • • ~ • ~ • • • • • Social Darwinism soon proved to be a philosophy for economic chaos. In the laissezfatre climate of the time. suppliers had to seek a monopoly to avoid being wrecked by competition. In their view‚ the government should protect individuals. businesses
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Globalization Case Study Greek economic crisis Introduction: In September 2009‚ Greek economic crisis exploded. Greek government announced that the country’s financial deficits and public debt to gross domestic product would be along about 12.7% and 113%‚ which are far from the provision of European Union: 3% financial deficit and less than 60% public debt to gross domestic product. Moody’s‚ S&P and Fitch‚ the three major credit-rating agencies‚ all reduced the credit-rating
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accept after Germany was defeated at the end of First World War. ii) The socialist catholics and democrats who supported it were mockingly called the november criminals. iii) The Weimar Republic crushed the uprising of soviet of workers with help of war veteran organization called free corps. iv) There was economic crisis of 1923. The prices of goods soared. this crisis is known a hyperinflation. On 24 October‚ 13 million shares were sold. This was a start of Great economic depression
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