The 2008 Financial Crisis The United States economy is built on credit and combined with the reality that greed played a large part in the events leading up to the Global Financial Crisis (GFC)‚ the United States experienced one of the its worst financial crisis in its history. Easy credit‚ the housing slump‚ banks holding risky mortgages and tax regulations all played a significant part in causing the GFC of 2008/09. The major cause of the 2008 Financial Crisis is the Subprime Mortgage and Subprime
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PROBLEMS SCIENTIST FACE IN PREVENTING THE REOCCURENCE OFMALIGNANT MELANOMA. Melanoma is the deadliest form of skin cancer. Whether it’s called malignant melanoma or simply melanoma‚ this cancer can metastasize (spread) rapidly. With early detection and proper treatment‚ melanoma has a high cure rate. Early detection and treatment are possible because melanoma typically begins on the surface of the skin. It develops when melanocytes are damaged‚ which causes these cells to grow uncontrollably. As
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facing today‚ the problem of unemployment is one of the most serious Unemployment is defined as condition of a person who is willing to work but unable to find a paying job. There are various factors that are responsible for unemployment i country. Unemployment can be due to seasonal layoff particularly in agricultural sector. It can be due to technological changes in an automated industry or due to lack of adequate skills by the workers. Unemployment can also be due to fluctuation in the economy
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Energy Crises Energy is considered to be life line of any economy and most vital instrument of socioeconomic development of a country. Energy is pivotal in running machinery in factories and industrial units‚ for lighting our cities and powering our vehicles etc. There has been an enormous increase in the demand of energy as a result of industrial development and population growth‚ in comparison to enhancement in energy production. Supply of energy is‚ therefore‚ far less than the actual
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The causes and consequences of unemployment Unemployment causes There are three main causes of unemployment‚ the first is cyclical unemployment which is unemployment arising from a lack of aggregate demand. Demand for most products are likely to be low and unemployment may be high. Since not a lot of people are buying a product‚ firms do not need as much labour and will reduce it leading to unemployment. This in turn will lower disposable income and decrease demand for certain products‚ hence
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1.0 Introduction 4 2.0 Wave Energy Technologies – Spill Over /Overtopping Devices 5 2.1 Wave Capture Systems 5 2.2 Wave Dragon (Offshore) 6 2.3 Point Absorbers (Near/Offshore) 7 2.4 Oscillating Water Column (Nearshore) 7 2.5 Hinged Contour Devices (Near/Offshore) 8 2.6 Case Study – Pelamis DeviceI 9 2.7 Economic Appraisal 9 2.6 Non Technological Barriers - Environmental Impacts: 13 2.7 Non Technological Barriers - Social Impacts: 16 2.8 Miscellaneous Non Technological Barriers 16 2.9
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ENERGY CRISIS IN PAKISTAN By Awaam ENERGY CRISIS IN PAKISTAN By Awaam After thoroughly suffering from the electricity shortage and being humiliated completely‚ reacting in a typical Pakistani way that is to analyse only after a crisis has set in rather than before‚ we decided to look into this matter at depth. To our utter surprise we found that while there were many articles passionately discussing various political issues around this matter‚ there was hardly any objective analysis in
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What is unemployment? Unemployment (or joblessness) occurs when people are without jobs and they have actively sought work within the past four weeks. The unemployment rate is a measure of the prevalence of unemployment and it is calculated as a percentage by dividing the number of unemployed individuals by all individuals currently in the labor force. Types of Unemployment: * Classical Unemployment Classical or real-wage unemployment occurs when real wages for a job are set above the market-clearing
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Effects of Unemployment Unemployment or joblessness is a state of life in which a person is missing a paid employment opportunity and is actively seeking work. Nowadays hundreds of millions of people are off the pay roll‚ roughly corresponding to about seven percent of the world’s population‚ whereas these rates can be much higher in regions of Southern and Western Africa or the Middle East. Furthermore‚ in the era of globalization and in a time of financial market disruptions unemployment is on the
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11/18/2011 Suleyman Causes and Effects of Unemployment Unemployment rate is the litmus paper of a country’s economy‚ security and its overall production force. The more unemployment rate increases the more consumption rate decreases. Since many people are unemployed‚ their spending power struggles causing the economic wheel to stop rotating. High Unemployment rates indirectly induce a widespread of insecurity within the general population. Unemployment‚ which caused by many factors has had a painful
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