When the great recession emerged in late 2007‚ many companies had fallen into a financial demise. According to a U.S. Census Bureau study taken in 2011‚ over 200‚000 small businesses closed during the 2008-2010 period. In addition‚ over 3 million jobs were gone (Shapiro). The highest recorded rate of unemployment was 9.7 percent nationwide. There are currently over 11.7 million unemployed people in the U.S. There were several industries that were seriously affected by the recession. The housing market
Premium Termination of employment Business Layoff
recession is a period of negative economic growth for 2 consecutive economic quarters. In the post war period UK economic growth has been characterized by the boom and bust economic cycles. A period of growth is followed by high inflationary growth and then a downturn in the economy. However since 1992 the UK has experienced a long period of economic growth‚ the longest period of uninterrupted growth this century. It appears the UK has temporarily avoided the threat of recession‚ but although forecasts
Free Unemployment Inflation Macroeconomics
The Impacts of Technology on Music Recording Industry and Society "TV has restored the daily life of family‚ Photography has altered the way we look at the world‚ the computer has changed everything.” (Mark Katz‚ 2010) It is true the computer has converted everything into digital. Digital technology has also changed the ways of sound and voice recording. It has gradually led to the changes not only in the production of sound but also in the views of society
Premium Sound recording and reproduction Digital audio Media technology
Finance in Hospitality Management Course: HND in Hospitality Management Module Tutor: Student: 1.1 What are the main sources of finance to a business? Classify them according to short-term and long-term categories
Premium Cash flow Balance sheet Asset
success in its textile and garment industry over the past decade. However‚ it still received many subsidies from the government‚ especially export subsidies which is prohibited in the international trade once Vietnam has been an official member of WTO. It is textile and garment industry that is one of the most difficult problem in negotiation process of bilateral agreement with US. So for such a dependent-on-government industry like textile and garment industry‚ what would happen after removing all
Premium Investment International trade European Union
Contextual influences in Art & Design – 1970’s punk fashion In this essay I am going to discuss how social and political change influenced fashion and also the impact that music had on fashion during the 1970s punk era. This period was chosen for discussion because the punk style of fashion is extremely easily identifiable as a strong and powerful movement in the fashion world and is often referred to as iconic. The primary research that I will be using to support my essay include‚ music
Premium Vivienne Westwood Punk rock Punk subculture
Review of related literature According to Pizam’s article (1982)‚ the tourism and hospitality industry has been applauded by industrialized and developing countries for the number of jobs created. A large amount of position vacancy is generated within the tourism industry and the supported industries. As a labor-intensive industry‚ its contribution to employment is not only restricted to the area or country but it also provides those jobs to women‚ youngsters‚ unskilled‚ minorities and the socially
Premium Tourism World Tourism Organization Sociology
How Geography Impacts Insurance Industry in Canada By: Gia Nhi Long Student #: 500208078 Professor: Steven Farber Course: Regional Analysis of Canada Course Code: GEO505-011 Date: November 21‚ 2010 Introduction Insurance is a form of risk management primarily used to protect against the risk of the contingent‚ uncertain loss. Insurance is defined as the equitable transfer of the risk of a loss‚ from one entity to another‚ in exchange for payment (Wikipedia). Insurance is important
Premium Insurance
Study of Tourism‚ Hospitality and Event Nowadays‚ with the rapid development of economy‚ tourism‚ hospitality and event industries are faced with more opportunities‚ but more challenges as well‚ such as the more competitive market and similar industries‚ personalized customer demands and higher service qualities requirements and so on. Therefore‚ studying and understanding the three industries‚ discovering the interrelated nature of them and the way they promote each other will contribute to promoting
Premium Tourism
Chapter1 1. How did the recession of 2007–2009 compare with other recessions since the Great Depression in terms of length? Ans. It was the longest. This may be close to a perfect storm situation on top of a real estate bust‚ and a financial bust [crime?]‚ "Technology" is a big part of the unemployment situation‚ and then there’s the world wide normalizing of salary levels - China‚ India‚ etc. up‚ US down. 2. What effect did the recession of 2007–2009 have on government regulation?
Premium Economics Unemployment Investment