Economic effects of subprime lending A subprime lending is an option for individuals that have difficulty meeting mortgage payment schedules or for individuals who have low credit scores and considered risky borrowers. For example‚ an applicant with a low credit score of 500 will have a very difficult time locating a loan. Subprime lending comes with a high cost to borrowers. Lenders see bad credit applicants as riskier than applicants with better credit scores. Borrowers in turn pay for this
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DECADENCE IN NIGERIA It is of no doubt that moral decadence has completely replaced core moral values in present times. This ravaging phenomenon is the cause of some of the major problems Nigeria is facing as a Nation. A society where the youths do not think of how tomorrow would be better than today or how to invent new things to automate processes involved in our daily activities rather focusing on how to enrich themselves by any means and controlling enormous wealth at a tender age. Many
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http://www.researchindia.org/EffectsofGlobalizationonIndia.doc Kishore G. Kulkarni‚ Ph.D.‚ Professor of Economics‚ And Editor‚ Indian Journal of Economics and Business (visit: www.ijeb.com) Metropolitan State College of Denver‚ Campus Box 77. P. O. Box 173362‚ Denver‚ CO 80217-3362‚ USA. First draft of this paper was presented in the Oxford Roundtable Conference held in Oxford University‚ UK‚ in July 2005. Author thanks School of Business‚ MSCD for financial assistance‚ and Profs. John
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the right country‚ the United States‚ at the right time (1930)”. None of us has a say in where he is born‚ but we can do something about it for our children. I therefore wish to discuss each factor associated with quality of life as related to Nigeria and plead for suggestions from all of us on how to improve on them so as to make this country a good place for us to live: * Material wellbeing as measured by GDP per head: The gross domestic product (GDP) or gross domestic income (GDI) is
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HIGH UNEMPLOYMENT RATE: WHO’S TO BE BLAMED? A case study Presented to The Faculty of the College of Management and Business Technology Nueva Ecija University of Science and Technology Sumacab Campus‚ Cabanatuan City In Partial Fulfillment of the Requirement for the Subject Basic Economics with Agrarian Reform and Taxation Economics 1 By: Glenda L. Estipular Joanne Abigail C. Ramones Jennavy N. Dela Cruz Irma Joy P. Castro Mary Grace A. Arzanan Jonnalyn L. Alberto Introduction
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South African Unemployment The Republic of South Africa‚ while certainly taking forever to do so‚ made monumental leaps with regards to civil rights when in the early 1990s when the government repealed Apartheid legislation and had its first universal elections held in 1994. A quick look at GDP numbers and you would find that South Africa has the largest economy in Africa‚ and so without delving deep into it one might think that the economy and country have been prospering post Apartheid. After
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WOMEN EMPOWERMENT. Indian constitution provides provision for reservation for sc/st/.other backward classes and the women.and for the last couple of years 33% reservation for women is being discussed at the national level.Giving power to women for their all roud development is the key to just a society wherein the progress of the nation shall thrive.empowerment of women is a long due as they have been suppressed‚subjugated and denied the neccessary for human development.sati‚bride burning
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consequences of unemployment * Improve the current account position Less spending on imports Some products for the domestic market will be sold to the export market instead Good because it may increase AD * Hysterisis -The hysteresis effect describes a possible consequence of a country experiencing persistently high rates of long term unemployment. Hysteresis means “to be behind” and it relates to the economic costs of unemployment because of the damage that unemployment does to the skills
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using data and information from The Bank of England‚ the European Central Bank‚ the Institute for Fiscal Studies‚ the Budget‚ the easyJet corporate report and other various economic sources. The Main Objectives of Government macroeconomic policy are; sustainable economic growth‚ stable low inflation‚ low level of unemployment‚ and a good position on the balance of payments. It is that final policy that the coalition Government has declared most important. With the deficit growing year on year
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Economics Effects of Superstorm Sandy Shannon Heyman LIM College Abstract This report examines the immediate and continuing economic effects of hurricane Sandy that struck the North Eastern Region of the United States of America‚ specifically New York‚ and New Jersey in late October of 2012. Several articles from national and regional news agencies were used to compile the facts pertaining to the economic conditions of the region as well as the implications on the national economy. Studies indicate
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