[http://findarticles.com/p/articles/mi_m1272/is_2694_131/ai_98829796/?tag=content;col1] FROM THE PERSPECTIVE of crisis management‚ the first few years of the 21st century have been extraordinary. As a society‚ we went from the Ford/Firestone fire debacles (May to September‚ 2000) to the terrorist attacks of Sept. 11‚ 2001. These were followed in close succession by unsavory revelations that Catholic priests had committed serious acts of child abuse and‚ furthermore‚ that these acts were repeatedly
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The United States have gone through some historical economic ups and downs‚ two of the most known and horrific slump being the Great Depression of the 1930’s and the Great Recession. Both‚ the Great Depression and the Great Recession‚ are characterized by bank failures‚ unemployment‚ economic decline‚ stock market crashes‚ price changes‚ and the Feds. They are both fallouts of the same economic phenomenon and are only different in a few minor respects. There were many reasons that caused the downturns
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Selection of Topic: Energy Crisis is a shortfall in or interruption to the provision of energy supplies. The planet is progressively marching towards a serious electric energy crisis‚ owing to an escalating desire of electric energy becoming greater than its supply. We have always accepted that the energy we make use of each day is not unrestricted‚ still we take it for granted. Coal‚ petroleum‚ electrical power‚ even water has inadequate availability. Nevertheless‚ we have not taken sufficient
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European CRISIS: An Overview of Facts EU rules state that no nation in the euro bloc should have an annual budget deficit which is higher than 3% of its gross domestic product. The Greek government aims to shrink it to 9.1% of overall economic output this year‚ down from 12.7% last year. Meanwhile Greece’s national debt stands at about 300bn euros ($419bn‚ £259bn). Following downgrading by Fitch‚ Moody’s and S&P‚ Greek bond yields rose in 2010‚ both in absolute terms and relative to German government
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Crisis of 2008 What happened? Is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. It threatened the total collapse of large financial institutions‚ which was prevented by the bailout of banks by national governments‚ but stock markets still dropped worldwide. In many areas‚ the housing market also suffered‚ resulting in evictions‚ foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses
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How did strategic planning help during the economic crisis? falseWilson‚ James W; Eilertsen‚ Soren. Strategy & Leadership38.2 (2010): 5-14. Abstract (summary) The purpose of this paper is to understand the extent to which organizations were prepared for the economic crisis‚ the nature of responses‚ and factors that might explain preparedness and modes of response. The survey conducted in July 2009 and sponsored… [ Show all ] The purpose of this paper is to understand the extent to
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Impact of the Recession on the Sports Industry Sports all over the world have become a big business. But with this rising recession‚ the general environment has had some negative effects on these industries. Its mostly the professional sports that this has been having a huge affect on. The national football league is seriously debating having a lockout due to financial hardship‚ and other sports businesses and leagues are also taking a hit. Apparel stores all over the world are
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school it often remains a riddle for many all through the life. An energy crisis is any great bottleneck (or price rise) in the supply of energy resources to an economy. In popular literature though‚ it often refers to one of the energy sources used at a certain time and place‚ particularly those that supply national electricity grids or serve as fuel for vehicles. There has been an enormous increase in the global demand for energy in recent years as a result of industrial development and
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The Great Recession‚ as some would call it‚ has affected myself and my family greatly. Before the stock market collapse in December on 2007‚ I never paid any attention to the stock market. I saw numbers going up and down on the news‚ but never understood the implications it truly would have. In 2006 my grandfather purchased a tool company in Dayton‚ the company had long term lucrative government contracts‚ all it needed was capital and it would run its self. My grandfather was a person who couldn’t
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Great Recession 2007-2008 Our 2007-2008 financial crisis is blamed on cheap mortgage credit‚ including lax underwriting process and government policies. In 2003‚ the government passed the American Dream Development Act‚ which provided financing to low-income families. Trying to help lower middle class families‚ the policy led to mortgage subprime mortgages. Financing to families with low credit rating at high interest rates. Since a large part of the population is middle to lower class‚ an exhaustible
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