There are several factors which are affecting the price of new and used vehicles since the current recession began. Because people have been forced to hang on to their cars longer it has driven up the price of used cars because the pool of used cars has gotten smaller. New car sales have were down as well further pushing up the price of used vehicles since fewer people bought new cars during the recession. Fewer new car purchases equals less used cars. The production of new cars has also been cut
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How AIG was affected by U.S. recession: AIG is an insurance corporation that is multinational. They have headquarters in New York City‚ London‚ Paris‚ and Hong Kong. In the year 2000‚ the company held the title for the 29th largest company in the world. Things took a turn for the worse in this company when‚ in 2008‚ they suffered from a liquidity crisis and its credit ratings were downgraded below “AA” level. AIG had to take out a number of down loans and had to sell a number of its subsidiaries
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Impact of the Tourism Industry to the Environment: A Philippine Situation A Term Paper Presented to Mr. Lawrence Icasiano English Language Area De La Salle Lipa In Partial Fulfillment of the Requirements for COMSKI2 Second Semester‚ School Year 2013-2014 By Donna L. Abellon Mary Joyce P. Plata Background of the study Introduction The tourism industry can pose a threat to the environment‚ if changes made to it are not sustainable and are irreversible. This paper is
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You are here: / Why / Socio-cultural impacts The socio-cultural impacts of conventional tourism described here‚ are the effects on host communities of direct and indirect relations with tourists and of interaction with the tourism industry. For a variety of reasons‚ host communities often are the weaker party in interactions with their guests and service providers. The impacts arise when tourism brings about changes in value systems and behaviour‚ thereby threatening indigenous identity. Furthermore
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financially from tourism. However‚ tourism in LEDCs needs to be carefully managed to prevent harm to the environment and disruption to local communities. Economic effects First and foremost‚ money travelling into countries through tourism can lead to the establishment of some morally questionable activity. To name a few‚ tourist hotspots in developing countries are often rife with theft problems‚ maimed beggars and prostitution. The inflaming of these issues as a result of increased tourism is an obvious
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Rationalizing sex tourism when a man or woman travels to another locale‚ either foreign or within one’s own country‚ for the sole purpose of sexual gratification with a local individual in exchange for money or goods. Barbados: GDP - per capita (PPP): $23‚600 (2011 est.) services (78%) (2000) tourism‚ the international business sector‚ and foreign direct-investment Trinidad Culture Minister Pennelope Beckles on the rising incidence of sex tourism and HIV/AIDS in T&T‚ many young
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The Size and Economic Impact of the Hospitality and Tourism industry: Tourism is a massive industry in New Zealand. It has a major consequence on the rest of the economy from the employment it provides to a major percentage of the workforce (9.6% of the total workforce in New Zealand)‚ thereby contributing to the Gross Domestic Product (GDP). The tourism growth in New Zealand is the outcome of the numerous of options that the hospitality industry offer visitors from all over the world. Some of the
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The recent economic recession faced by not only the United States‚ but also major countries across the globe‚ has made it tough for businesses to keep operating at a profitable level and forced many to downsize their personnel or to even go bankrupt. In fact‚ this tough economic period has caused consumers‚ whether they are manufacturers buying raw material or an average person buying food at the grocery store‚ to be a lot more conservative with regards to their needs and spending. Consequently the
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Capture the point of the study unit briefly in your own words. Begin the paper with a short summary of the study unit‚ about its objectives and contents and your personal goals when attending the study unit. What makes it interesting and relevant to tourism business and for my future expertise? Identify and present at least 1-3 new things you have learned during the study unit. Weigh their value for your work possibilities and your future studies (e.g. your Thesis). Identify and present 1-3 expertise
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Economic Recession of 2007 William Mwangi Class title and section Professor’s name Due date of Assignment: 26th August 2011. William Mwangi Economic crisis Class Professor’s name 24th August‚ 2011. Economic Recession of 2007: What caused it and what were the after effects? Can we predict another major recession? Thesis Statement: Although the recession that dates back in 2007 is still long and deep and surely has shown some recovery‚ the potential that it will completely
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