Life + Debt was a great film; especially when followed by a lecture from Fran Korten on the trouble of lending through the International Monetary Fund. As with the other videos in the Social Justice course‚ I learned something new that I was completely unaware of… another way that developed nations like the U.S. take advantage of poorer nations through the International Monetary Fund and other international organizations. I didn’t realize what a negative toll globalization has had on poorer
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The Latin America debt crisis What Happened Both internal and external for Latin Americas roller coaster economic performance in what was known as the crisis. During the 50’s and 60’s there was favorable conditions in place to maintain steady employment creation‚ capital investment and overall economic expansion. But this period ended in 1973 amid the first world oil crisis rocked the world economy and caused an era of debt-led growth among the oil importing Latin America countries. Latin American
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Hospitals‚ prisons and other community service agencies‚ in addition to being landing pads for those with mental illness‚ also contribute to the problem of homelessness through mounting debt and inadequate discharge planning. Medical debt is the leading cause of bankruptcy and contributes to housing instability in 27% of people struggling with medical bills (Pollitz et al. n.p.). Even among individuals with private health insurance‚ those with “out-of-pocket medical expenses that exceed five percent
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The 2001 documentary Life and Debt examines the impact of IMF and World Bank’s ‘structural adjustment policies’ (also called ‘conditionalities’) on Jamaica. The IMF started lending to Jamaica in 1973‚ after years of extreme poverty were followed by the ‘oil shock’ that created a global economic catastrophe‚ eventually leaving the country about $4.6 million in debt. The loans were front-loaded with conditions‚ requiring Jamaica to “enact major economic reforms‚ including trade liberalization (The
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It has always been said in more recent times that college tuition metaphorically costs an arm and a leg‚ but never specifically how much it is on average; “By 2011 the average student debt was $23‚300.” (Kiener). The statistic gives an idea on how much of an impact debt leaves on an average college student‚ graduating or not‚ and why it is always brought up whenever anyone discusses education beyond high school. With the “sticker prices” of an average public university appearing increasingly intimidating
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specially been noted for its very high ratios compared against other corporate firms. UST’s dividend per share has increased by 16% CAGR 10 years. UST has maintained the top rating for its commercial paper at A-1‚ while being very cautious with its debt policy. Overall UST can be summed as a very profitable company with a sturdy brand name. It has a high dividend payout policy to shareholders while remaining a very cash generative business. There are number of primary business risks that UST would
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different tools in order to create profit on financial statements when there really was no profit. They had a very structured financing through many financial intermediaries. J.P Morgan Chase was a big dealer in this huge web that spiraled Enron into debt. Special purpose entities started to emerge. These were used in order to hedge risk for companies and create profit when there was none. Enron created hundreds of
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the most stressful and time consuming jobs any person can have. Getting good grades‚ being in clubs‚ and working a job all at the same time can leave your schedule fully booked and can have many people overwhelmed. On top of all that‚ student loan debt can follow you throughout your entire life and can impact future career options. After just one semester I can tell anyone that college is not only a full time job but it may just be the most important jobs you can have in your entire life. I believe
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SUMMARY: European sovereign-debt crisis is still going on in some countries in eurozone‚ such as Greece‚ Spain‚ Ireland‚ Portugal. The origins of these crises started from Greece when the government borrowed a huge amount of money from foreign investors and was unable to repay. As a result‚ a financial crisis started to hit Greece as the starting point of the crisis over countries in Eurozone. While the old deutschmark (DM) bloc – Germany‚ France‚ etc. experience lower than average growth and inflation
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University of Toronto ECO 349 Money‚ Banking and Financial Markets G. Georgopoulos Student name: Kaiji Lin Student number: 997800535 Assignment 1. Find a recent (August 2011‐ present) money and banking related article in the media (the Economist‚ Globe and Mail‚ National Post‚ New York Times‚ etc.‚)‚ and attempt to explain parts or all of it using the tools we learned in class. Highlight the sentences that you analyze‚ and hand in the article along with your work. Use written and graphical
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