and the subsequent rise in interest rates led to the decline of housing prices in the year 2006-07 which resulted in unaffordable mortgage payments and many people defaulted or undertook foreclosure. The house prices crashed and the mortgage crisis affected many banks‚ mortgage companies and investment firms world-wide that had invested heavily in sub-prime mortgages. Different views on the reasons of the crisis include boom in the housing market‚ speculation‚ high-risk mortgage loans and lending practices
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How the family has changed over time? The institution of the family has changed dramatically over last 50 years and the main sociological perspectives‚ functionalism‚ Marxism‚ feminism and interactionism have described this changes in terms of family structure‚ divorce rates‚ marriage rate and gender roles. Defining family in Britain is problematic as until 1960’s few sociologists questioned the importance of the benefits of the family. Family is a group of people living together related by blood
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Global recession and its impact on Pakistan economy Presented by HASSAM TARIQ Abstract There has been speculation that American would lead global recession and it could impact the global economy. IMF also predicted that in 2008 global growth would fall from 4.9 percent to 4.0 percent. US economy suffered thousands of layoffs and the biggest retail sales dip on record. Strong economies as that of UK‚ Germany‚ France and the new emerging one’s like China and India also fell pray to this recession
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Double Dip Recession Overview I. Introduction The 1980-1982 Double Dip recession brings up the curiosity of how the stagflation of the seventy’s affected the early eighty’s in which it caused the Fed and the USA congress to be switching back and forth from stimulus and restraints causing us to fall to our first recession. Then not till later we will see that Paul Voucher Chairman of the Board of Governors use heavy monetary restraints to control the inflation and ending the first recession only to
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African Americans have been fiercely fighting for their rights as equal citizens even before the Civil Rights Movement. Despite how long they have been asking for proper treatment‚ they were not always successful. The path to progress was not easy. Events dating to Reconstruction have greatly impacted the Civil Rights Movement by paving the way toward progress through trial-and-error‚ and the event itself presented a path toward the end of segregation and better rights for blacks. Because the Civil
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2014 MYT 9:41:05 AM Family values should be instilled in young BY YEE XIANG YUN JOHOR BARU: The importance of family value and unity in a family are qualities that should be instilled in the younger generation‚ said Tourism‚ Domestic Trade and Consumerism exco Datuk Tee Siew Kiong. He said that in the age of globalisation and where Western culture tends to influence youngsters nowadays‚ parents and educators are to realise the importance of traditional culture and family values to be passed
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traditional family in the 1960’s is much different than that of today. There are factors that are involved in this change such as the make-up‚ status‚ and economics. Experts have noted that the fact that families are weaker now than those in the 1960’s and this could be the cause of problems that are being faced by people in society today. Families of today are faced with hardships that the families of the 1960’s didn’t have to deal with. In the 1960’s the majority of families were a one income
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Michael Porters competitive force model is used to displays how information technology can upgrade the competitiveness of a corporation. It is also used to develop strategies to increase competitive edge. Competitive strategy must grow out of a sophisticated understanding of the structure of the industry and the industry is constantly changing. Regardless of the industry‚ Michael Porters five forces will bring forward your strengths and weakness. The five forces are: The threat of new entrants‚
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Growing up in a military family has carried me across the country‚ from one state to another‚ and from one community to another. In the twelve moves that my family has made‚ I have experienced a multitude of cultures and socioeconomic environments; as a result‚ I do not have any one particular community setting or standard to which I am accustomed. For five years‚ my family resided in North Dakota on an Air Force Base near a small city named Minot. Many do not realize that clinics on military
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At the beginning of the conflict‚ from All Saints Day 1954 through the early winter of 1955‚ FLN attacks caused over 200 million francs worth of damage and forced many French nationals to leave the countryside and seek protection in urban cities. As fighting intensified and the FLN were able to move about the countryside with relative freedom‚ the French authorities mobilized the First Parachute Division. Fighters of the FLN effectively used guerrilla warfare‚ avoiding direct contact with the far
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