The 2008 World Economic Crisis: Global Shifts and Faultlines The last months of 2008 witnessed what is being called the worst financial crisis since the Great Depression of 1929-30. The first indications of a serious crisis appeared in January 2008. On 15 January‚ news of a sharp drop in the profits of the Citigroup banking led to a sharp fall on the New York Stock Exchange. On 21 January a spectacular fall in share prices occurred in all major world markets‚ followed by a series of collapses
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`Strong Peso Hurts Food Exports’ Philippines economy nowadays portraits a good start for‚ as we are lifting our country from the previous economic situation. Not including the whole world economy‚ we are experiencing a smaller amount of problems in our economy than the recent. The rate of exchange between our Pesos against the Dollar is going stronger from now and as some bank company said that it could reach as high as ₱37.50 in the next year. This is worthy for our country that it could raise
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Reaction on Climate Change The Philippines has been considered as a highly vulnerable to current (natural disasters)‚ as well as future climate-related risks due to its geographical location and physical characteristics. It lies along the Western Pacific Basin (a generator of climatic conditions such as monsoons‚ thunderstorms‚ Inter-Tropical Convergence Zone‚ typhoons‚ among others) making it a path of an average of 20 tropical cyclones annually‚ nine of which makes a landfall. Climate change
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Malacanang has declared February 25 as a special holiday for all schools nationwide. People Power Day or Araw ng People Power is a school holiday. This is in commemoration of the 1986 People Power Revolution. Senator Gregorio Honasan‚ a former rebel soldier‚ was one of the major figures in the 1986 EDSA Revolution. As the anniversary of the 1986 EDSA revolution approaches‚ he thinks that there is no reason yet to "celebrate" its anniversary. For now‚ the Philippines can only "commemorate it." "Siguro
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ENERGY MANAGEMENT IN THERMAL POWER PLANT INTRODUCTION Thermal Power Plants are the most important source of power generation. They are based on the Rankine Cycle where high pressure and high temperature steam raised in a boiler is expanded through a steam turbine that drives an electric generator. In a thermal power plant‚ the chemical energy stored in fossil fuels such as coal‚ fuel oil‚ natural gas is converted successively into thermal energy‚ mechanical energy and finally electrical energy
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Vice President Jejomar Binay also took the oath administered by Morales. In a brief but highly symbolic move‚ President Gloria Macapagal-Arroyo formally relinquished her post to President-elect Benigno “Noynoy” Aquino. FIRSTS’ AND AMUSING FACTS ABOUT NOYNOY AQUINO President-elect Benigno “Noynoy” Aquino III may have made history as the first chief executive elected in an automated election. But do you know he holds more firsts? In a document issued by historian and Aquino’s inauguration spokesman
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ASSIGNMENT ON POWER PLANT (Waste to Electricity) 1. An explanation of the industry and the companies within is as they exist currently Power Grid Company of Bangladesh (PGCB) was created under the restructuring process of Power Sector in Bangladesh with the objective of bringing about commercial environment including increase in efficiency‚ establishment of accountability and dynamism in accomplishing its functions. PGCB was incorporated in November 1996 with an authorized capital of Tk
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conversation‚ Dade identifies himself by the new alias‚ Crash Override. Dade enrolls at Stanton High School‚ where he meets the beautiful Kate Libby (Angelina Jolie)‚ who is responsible for taking him on a tour of the school. Dade is being told about the pool on the roof that results of being locked on the roof with the other several students during rainstorm. He learns that Kate is “Acid Burn” a feud erupts between him and Kate. Their eventual hacking duel‚ which spans most of the film‚ is judge
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film is about a man‚ used by God to help and serve people especially those who are hungry and particularly affected by the war between Christians and Moors. All through his inspiring experiences and trials‚ there are lessons that give us explanation and a much wider point of view on how to be a good servant not only to others but also to God. Dominic de Guzman was born in Calarago‚ Spain‚ in 1170. His parents were Joan of Anza and Felix de Guzman. Before his mother conceived him‚ she saw in an idea
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experienced discrimination‚ torture‚ violence‚ unequal rights‚ high taxes and corruption under the government of friars. The main reason why he wrote his novel is to expose the cruelty‚ greediness‚ religion as a business and power are the things he himself didn’t want. The friars use their powers to the "ignorant" minds of the Filipinos. The book was prohibited when the officials discovered it. It is because the novel attacks the church and the government. For that‚ Rizal was excommunicated. Through that work
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