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The Greek Economic Crisis

- Since 2008 there has been an ongoing financial debt crisis that has affected the majority of the world states. However, the most disastrous economic decreases have been witnessed in the European continent. Therefore, this crisis is widely known as the European Sovereign Debt - Crisis. The aim of this document, however, is to analyze and discern possible policies focusing on providing a set of solutions that may help the Greek government in regards to their financial debt within the larger European crisis....   [tags: European Sovereign Debt Crisis]

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The World Economic Crisis: A Marxist Analysis

- A financial crisis developed with an amazing speed starting from the late summer and early autumn of 2008 and it still affects the world today. This crisis has damaged many of the largest financial institutions firstly in the US and the whole world then followed, but the worst damage was that a large part of the world's financial system had almost collapse. A lot of researches tried to explain the reasons of the current global crises and try to figure out ways of changing or helping the system. This paper argues about explain the current global economic crises with new Marxists analysts and that the current crisis should be seen as a systemic crisis of capitalism because of bad structure....   [tags: Current Global Economic Conditions]

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Improving the Economic Crisis

- Improving the Economic Crisis As hard as it is to say, the economic crisis started around the same time the equine slaughter plants closed down. In no way did this create crisis, but a landslide action that caused many industries to plummet. One of these industries is the farming industry. While it is a sad situation to start up again, opening the equine slaughter plants will strengthen many industries and open a few more jobs for people. Supporting our farmers will also give everyone the needed push in this economy....   [tags: Economics]

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Deep Economic Crisis in Egypt

- Egypt, though known around the world for its historical legacies and for its pyramids, is experiencing a deep economic crisis. The country's foreign currency reserves are less than half of what they were before the 2011 uprising that threatened Egypt's ability to pay for its own food and fuel. We see this economic crisis in Egypt's budget deficit; 14 percent of its gross domestic product (GDP) and we see it in its overall debt. Many attribute Egypt’s debt to the deficits that accumulated which averaged more than the country's economic output....   [tags: unemployment rate, IFRS]

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The Economic Crisis in Greece

- "Europe must prevent Greece from becoming an out-and-out catastrophe and make sure that the same fiscal 'remedy' is not applied to other weak economies" -- MEP, Franziska Brantner. The Greek economy has seen a large collapse following the recent worldwide recession. The European Union has expressed concerns for the impact that Greece’s economic collapse will negatively affect other member nations. Greece and the European Union are working to reduce the Greek deficit and to contain the economic crisis to Greece....   [tags: Greek Economy]

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The Global Economic Crisis

- In the late 2000s, the World suffered from a big global economic crisis which caused “the largest and sharpest drop in global economic activity of the modern era”, in which “most major developed economies find themselves in a deep recession”, according to McKibbin and Stoeckel (1). Because its consequences have a very big impact to the whole world, many economists and scientist have tried to find the causes of the crisis; and some major causes have been emphasized are greed, the defection of the free market system, and the lack of prudent regulation and supervision....   [tags: recession, global imbalances, essay, bubble]

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Economic Crisis throughout History

- As our economy began to falter in December 2007 and plummeted into the current recession in September 2008, many Americans thought back to the horrors and hardships of the Great Depression. The Great Depression proved a difficult time for America, a time nobody wanted to ever see again. Sadly, many of the children from the Great Depression have lived to witness a time with many similarities, and yet many differences, to the economy crash of 1929. The stock market crash on October 29, 1929 set in motion many events leading to the Great Depression....   [tags: American Eceonomy, Government]

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Economic Crisis

- Starting from the problems of failure to pay housing loans (subprime mortgage defaults) in the United States (U.S.), then bubbled damaging crisis banking system not only in America but expanded to Europe and to Asia. Successive causes a domino effect of the solvency and liquidity of financial institutions in these countries, which among others led to the bankruptcy of hundreds of banks, securities firms, mutual funds, pension funds and insurance. The crisis then spread to parts of Asia, especially countries such as Japan, Korea, China, Singapore, Hong Kong, Malaysia, Thailand, including Indonesia, which happens to have long had precious letters these companies....   [tags: Economics]

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The Greece Debt Crisis

- Chapter 1: Introduction Introduction Historically, financial crises have been followed by a wave of governments defaulting on their debt obligations. The global economic history has experienced sovereign debt crisis such as in Latin America during the 80s, in Russia at the end of the 90s and in Argentina in the beginning of the 00s. The European debt crisis is the most significant of its kind that the economic world was seen started from 2010. Financial crises tend to lead to, or exacerbate, sharp economic downturns, low government revenues, widening government deficits, and high levels of debt, pushing many governments into default....   [tags: Greece's Economic Crisis]

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U.S. Economic Crisis

- The United States is currently experiencing the biggest financial crisis after the Great Depression, in this paper we will discuss what caused the current economic crisis and why. Two What is the relationship between mortgages, the housing crisis and Wall Street. Third, how has this crisis affected fiscal policy and what are some of the drawbacks of government intervention. Four, what is the recession doing to GDP, economic growth and inflation and how are other countries faring. Five, discuss the different types of unemployment and why is underemployment becoming an economic issue and lastly, what should be done to get the economy back into expansion mode....   [tags: Economics]

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A Cultural Problem, an Economic Crisis

- In the past two years, Western society has experienced what many of its leaders have called the worst financial crisis since the Great Depression. At the very least, it has been the worst period of instability that our younger generations have ever seen in their lifetimes. But unlike other financial crises that have largely been triggered by external forces, such as the oil embargoes of the 1970’s, this latest one was a product of our own internal policies and practices; even more so, of our cultural outlooks on the very notion of finance, credit, and debt itself....   [tags: Economics Finance ]

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Economic Crisis Facing Wilmington, OH

- While it is rare that we speak of economic events as disasters, I often find myself talking about my hometown of Wilmington, OH as if it has been hit by a hurricane. In May of 2008, DHL Express announced that it would be closing its U.S. air freight hub in Wilmington, and since then, this small Ohio community has been facing an economic crisis of unprecedented proportions. Last year, when applying for this same grant, we only had estimates of the challenges that would arise from this crisis. Today, we are feeling it in full force....   [tags: Economics]

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Ireland Economic Crisis

- The Euro zone crisis has impacted many countries such as Ireland, Portugal, Italy, Spain and Greece. Many say the Euro zone crisis was triggered as a result of the initial Global Financial Crisis that started in the United States in 2008. However, these countries, and Ireland in particular, would not have been sent into a recession if their own economies and debt were in order. Ireland was the first state in the eurozone to declare tit’s entrance into a recession.. However, on November 29, 2010 the European Union, the International Monetary Fund and the Irish state agreed to a €85 billion rescue deal for Ireland, but there were certain policies Ireland had to implement in order to receive it...   [tags: economy, EU, debt, IMF, financial support]

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Global Economic Crisis

- Global economic crisis due to the depletion of fossil fuels had turned backed the world towards alternate source of energy for industrial development. Non-renewable and clean energy had gained importance for a sustainable growth. Hydrogen is one between the lightest, easily combustible gas that can be used as eco-friendly source of energy. Hydrogen burns out to produce water as a by-product. Hydrogen has been produced by various methods which include chemical reaction, electrolysis, light fermentation and dark fermentation....   [tags: Environment, Fossil Fuels]

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UK Art Market and the Economic Crisis

- How does the economic crisis affect UK art market from 2006 to 2011. Is art market a different area from the economic crisis. My research is aiming to gather and analysis data from two main auction companies in UK, in order to show the art market trend during the changing economic environment in UK. Furthermore, the article will try to demonstrate that art market remains independent from other economic factors, and by consuming fine art works and antiques is a stable way of investment. By collecting secondary data mainly from Sotheby’s, Christi’s of UK auction records, in addition, by undertaking interviews to stuffs from the auction company, first-hand and second-hand information will be...   [tags: Economy, UK, Art Market]

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American Economic Crisis

- There are many things that are fundamentally wrong with the U.S. economy. In fact, warning signs are everywhere. Politicians are more concerned about elections than addressing the real issues. Voters are more concerned about whether gay people should be allowed to marry, rather than fixing the problems that affect all of us. All the while, the economy is diving further and further into its despair. One of America’s largest problems is the ever growing mountain of federal debt. Investors say that in some cases, debt can be a tool to make money....   [tags: Economics]

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The Root of the Economic Crisis is Moral Crisis

- The foreclosure crisis is not actually a crisis, but a consequence of greed, policies, and immoral choices. The increasing rate of foreclosures and decreasing value of homes is inevitable. Bailing out banks or borrowers to help them reform loans and mortgage rates will only provide temporary relief. The crisis exists on a larger scale. Greed has overcome society increasing personal and public debt. The government is only making matters worse by bailing out lenders and borrowers whom are guided by their desires for superficial wealth....   [tags: Business Ethics]

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Economic Crisis Harms Middle-Aged Workers

- Unemployment is at an all time high. No group of people has been more devastated than older workers. Older workers are defined as individuals in their 50’s and 60’s. These older workers are at a phase in life when they should be saving for the final years of retirement and living a quiet life. Instead, people must take low-paying jobs, or start spending down retirement funds just to make ends meet. Many have turned to drugs and alcohol as a way to cope with the problems of their daily lives. This group is more impacted than younger workers for various reasons....   [tags: Economics]

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The Argentine Economic Crisis 1999-2002

- The Argentine Economic Crisis 1999-2002 Basic Information About Argentina Argentina is a nation located on the East coast of the sothern-most tip of South America. It occupies an area of 2,766,890 square kilometers, which is approximately equal to about three-tenths the size of the United States. It has a population of nearly 40 million people with a growth rate of 1.13%. The populace is 97% Caucasian (primarily of Italian and Spanish decent) with various indigenous groups comprising the remaining 3%....   [tags: Essays Papers]

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It Takes an Entire Nation to Solve an Economic Crisis

- It Takes an Entire Nation to Solve an Economic Crisis The foreclosure crisis is genuine and terrifying for what it could mean for America’s economic future. Home foreclosure may result from unemployment, excessive and unexpected medical costs and family problems. These issues are more chronic than they are acute and so it is impossible to say that there is a quick fix or a single solution to solving the foreclosure crisis. While some individuals want to wait out the crisis and let it fix itself, I believe that the current administration must “think out of the box” and find innovative and varied measures to try and tackle the problem....   [tags: Economy]

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East Asian Economic Crisis

- East Asian Economic Crisis A large economic downturn in East Asia threatens to end its nearly 30 year run of high growth rates. The crisis has caused Asian currencies to fall 50-60%, stock markets to decline 40%, banks to close, and property values to drop. The crisis was brought on by currency devaluations, bad banking practices, high foreign debt,loose government regulation, and corruption. Due to East Asia's large impact on the world economy, the panic in Thailand, Indonesia, Korea, and other Asian countries has prompted other countries to worry about the affect on their own economies and offer aid to the financially troubled nations (Sanger 1)....   [tags: essays papers]

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The 1997 and 1998 Asian Economic Crisis

- The 1997 and 1998 Asian Economic Crisis The purpose of this paper is to explore the causes of the 1997 and 1998 Asian economic crisis; and to research the effects of the crisis in each of the following categories: 1. The effects of the crisis in the countries involved in the economic crisis of 1997-98. 2. The effects on the governments affected by the crash, and 3. The effects that the Asian crisis has had on the differing world markets as well as the effects that it will continue to have (if any) on the world markets in the near future....   [tags: Business Economics Economy Essays]

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The Credit Crisis of the Century

- The financial crisis of 2007 should be referred to as the credit crisis of the century. Despite what many Americans may believe, the financial crisis was a worldwide fiasco that affected everyone. There is no one to particularly blame for the financial crisis of 2007, but the understanding of subprime mortgages, collateralized debt obligations, credit default swipes, and frozen markets can explain the economic devastation that is still felt today. The financial crisis of 2007 is a huge cycle. It began by brining two groups of people together that had no prior direct relationship history....   [tags: financial crisis of 2007, economic analysis]

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Korean Economic Crisis

- Korean Economic Crisis problems with format The Korean economy did an important role in the remarkable economic growth, which was so called ¡°East Asia¡¯s miracle¡±. At the end of 1997, however, the Korean economy fell into a crisis of default and finally received IMF¡¯s relief aid. After that, Korea has been struggling not only to reform its monetary system but also to promote drastic reforms in its economic structure in order to improve the productivity of the Korean industry....   [tags: Korea Asia Economy Papers]

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How Government Economic Policies Caused the Financial Crisis of 2008

- The financial crisis in 2008 that led to a crisis in the banking sector, and which nearly led to a complete collapse of the economy globally, was not only caused by changes in the regulatory, regulation and legislation oversight, but also fiscal and monetary policies. Many believe that, expansion of excesses monetary and irresponsibility of some of the government agencies led to the crisis. According to reports by Taylor (2009), excesses monetary policies were the main cause of the 2008 financial crisis....   [tags: global economy, crisis]

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Efforts to Recover from the Greek Economic Crisis

- ... Reform effort and adjustment that have been enforced throughout the recovery process shows that expected recovery is enormous and painful. Even though the crisis resulting crucial and severe impact, structural reforms have been going into the correct way. For example, the liberalization of various sectors of the economy has been proceeding which the country's international competitiveness has been mostly repaired. In addition, for the first time in many years, the external current account showed a surplus in 2013....   [tags: recession, recapitalization, policy]

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The Economic Crisis in Singapore

- Since its independence, Singapore has been a symbol of organization and success, especially economically. These days, however, the big news around town is about the economic downturn of the Southeast Asian region. Singapore grew at 7.8% in 1997 - a tremendous amount considering that the goal of the United States is no more than 3% per year. In the past quarter (third quarter), the Singapore economy shrunk by 1.5%. If the fourth quarter also shrinks, it will be considered a recession. The 1.5% decrease was the first contraction in 13 years, again, a tremendous feat....   [tags: Economics]

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Overview of Executive Compensation in United States

- This paper will fundamentally provide a substantive evaluation of how executive compensation correlates with the firm’s performance in the listed corporate firms in the United States. Equally important, such firms which are the beneficiaries of the public funding are entitled to expressly owe the public authorities the obligation to regulate the executive compensation levels. The paper will also delineate the regulatory approaches in U.S. along with the issues facing the executive compensation since the start of the dramatic economic crisis....   [tags: Corporate Governance, Economic Crisis]

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The Relationship Between the IMF and World Bank, Questions and Answers

- 1. Where does the IMF get its money from. The IMF gets its money from the member of countries and by their payment of quotas. 2. Does the IMF help the poor countries. If so, how. The IMF helps and supports the poor countries by changing nature of economic circumstances and prevents the major economic disasters in poor countries. It also helps to eliminate the weakness of a country due to global economic crisis. 3. Why was the IMF formed in the first place. The IMF promotes worldwide economic stability and monetary association....   [tags: economic crisis, WTO]

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Questions and Answers: The European Union

- Q1. Multi-speed Europe is a type of integration where countries integrate depending on what level the country is in in economic and political terms in comparison with the other countries that are in the European Union. The economic crisis has intensified the phenomenon of multi-speed because certain countries that are not as financially stable as others have increased the debt of the EU. For example, when the interest rate for borrowing money was made equal between all members, many countries that could not pay back at a good rate were beginning to borrow large amounts of money, increasing the debt....   [tags: presidencialization, economic crisis]

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The Great Depression: A Nation Standing Strong

- The Great Depression was the start to a dreadful economic crisis in the American History. On October 4, 1929 a day that goes by the term “Black Tuesday” the Wall Street stock market collapsed, creating massive unemployment and pain throughout America. Many thought that this depression would only be minor, but they were wrong. This turned into a “major depression”(Who Built America. 392). Many lost their jobs and homes and farms, banks, and factories were shut down as well. The Great Depression was the turning point in American History....   [tags: american history, economic crisis]

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The Environmental Scan: Tiffany's Little Blue Box

- There are six environmental factors that can affect an industry and they are economic, political, social, technological, competitive, and geographical. These factors are known as the environmental scan. Many businesses including Tiffany & Co. are affected by the macro-environment which can include a number of factors as mentioned above. Economy is one of the main factors that affect many companies and Tiffany’s as well. I believe that general and industry economic conditions and socio-cultural factors are favorable to Tiffany & Co....   [tags: industry, economic crisis, competitors]

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Lebanon's Situation: Collapse by Jared Diamond

- If philosophy takes part in any position in the world, it is the judgement of our action in which rectify our fault (Arneson, n.d). Lebanon or Lebanese Republic is the country located in the eastern shore of the Mediterranean Sea (CIA, 2013). The country is surrounded by two belligerent neighbors which are Israel and Syria. Many of the events in Lebanon result in the country having a strained relationship with its neighbors. In addition, in terms of economic problems, Lebanon also has been facing numerous problems due to investment, banking, lower GDP, tourist and agricultural sectors....   [tags: Economic Crisis, Neighbor Relations]

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What Eere the Effects of the Central Bankers on the Recent Economic Crisis?

- A central bank is an institution that oversees the commercial banking system of the country. Functioning as the bank of the government, its primary responsibility is to manage the country’s money supply including, but are not limited to, managing interest rates, supervising banks, regulating the credit system, governing exchange reserves, and serving as a lender of last resort. The central bank has the power to control whether or not to increase the amount of money and printing the national currency....   [tags: centralized financial institutions, effects]

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Can Legalizing Marjuana Pull a State Out of Economic Crisis?

- Is your state having an economic crisis that just won't end and there is no way out. Here is the solution: how about creating hundreds of marijuana dispensaries, supplying thousands of Americans with legal jobs, and bringing in millions of tax dollars to the government. The State of Colorado and later Washington did just that and now their economic situation is much brighter than it was in the past before the legalization occurred. Whether is a good or bad idea to legalize marijuana can be argued, but the truth of the matter is that there is a lot of money to be made for many groups of individuals....   [tags: controversy, politics, drug revenue]

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Increased Migration, Increased Security Concern

- Migration has the same meaning, the movement of a group of people who leave their native country to settle temporarily or permanently in a different country. People might voluntarily move, but others are forced to leave their country because of dire situations. An analysis shows how the economic crisis, terrorism, and leaders play a role in how immigration is viewed. While it is impossible to send all illegal immigrants back to their countries, preventing further immigration will help eliminate some security threats and increase the stability of a country’s government....   [tags: Economic Crisis, Terrorism, Politics]

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The Merger of Air France-KLM

- The merger of Air France-KLM 1. Introduction 3 2. Cause of the problems faced by Air France-KLM post 2009 4 3. The organizational structure of Air France-KLM 5 4. Discussion of the 'Transform 2015' program 6 5. Conclusion 7   1. Introduction In 2004 the airlines Air France and KLM merged into a new entity known as Air France-KLM. Both the CEO's of the companies saw the need to merge because of the need for consolidation in the European aviation industry. It was a unique merger in the way that is was a cross border merger between companies with different nationalities and cultures....   [tags: consolidation, global economic crisis]

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Germany After World War II

- ... People from all over Germany wanted a copy of Mein Kamph. Due to the book being a huge success, hitler was let out of prision early. He served nine months out of his five year sentence. Everyone felt that his book spoke the truth. Adolf Hitler soon became vice chansler of Germany. Shortly after he was announced vice chansler, the chansler of Germany died, leaving Hitler as the new chansler. Hitler became chansler in January of 1933. That January is when everything started to crazy and, from that month on, is the time period that the world hopes and pray to never see again....   [tags: economic crisis, downfall, hitler]

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The Economic Impact of the Mexican Peso Crisis

- In 1994, the world saw the decline of the Mexican Peso, leading to what is now considered as the Mexican Peso Crisis. The crisis was characterized by the drastic decline in the value of the Mexican Peso. The Mexican Peso Crisis is considered significant because of its impact on other parts of the region, including Brazil. The following is a discussion of the causes and impact of the Mexican Peso Crisis. The events/causes that led up to the devaluation of the peso The Mexican Peso Crisis can be traced to the decision of then president Zedillo’s decision to reverse the government’s then policy that imposes tight controls on the Mexican Peso....   [tags: Economics ]

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Mexican Economic Crisis

- After nearly a decade of stagnant economic activity and high inflation in Mexico, the Mexican government liberalized the trade sector in 1985, adopted an economic stabilization plan at the end of 1987, and gradually introduced market-oriented institutions. Those reforms led to the resumption of economic growth, which averaged 3.1 percent per year between 1989 and 1994. In 1993 inflation was brought down to single-digit levels for the first time in more than two decades. As its economic reforms advanced, Mexico began to attract more foreign investment, a development helped by the absence of major restrictions on capital inflows, especially in the context of low U.S....   [tags: Economics Economy]

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International Economic Policy in Times of Crisis

- Governments face all kinds of crises every day, the approaches may be different but the goal is always the same—maintain stability. While, wars and crimes against humanity tend to take a toll on the population, infrastructure and terrain quite literally, financial crises can psychologically cripple a country. There’s something about a financial crisis that conjures a level of panic that could rival the outbreak of a deadly disease. Maybe this is caused by a lack of visible end, as it seems the light at the end of the tunnel is only made clear at the end of the crisis....   [tags: Economics]

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The Impact of the Global Financial Crisis on Economic Growth

- Economic growth The impact of the Global Financial Crisis on economic growth As a result of the global recession, Australia’s GDP was forecasted to contract by 0.5% in 2009-10 in comparison to other advanced economies which were expected to contract by 3.75% in the same year. However minor the reductions in GDP, it was evident that Australia was not exempt from the global recession although is better placed and is expected to perform better than almost all other OECD economies. The global recession has also triggered a fall in household wealth and a disruption in consumer confidence with consumption forecasted to contract by 0.25% in 2009-10....   [tags: Economics]

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The Onset of the Great Recession in 2008

- The onset of the Great Recession in 2008 ushered in an era of fiscal and economic crises worldwide. As the world’s economy suffered, so did its smaller subunits—including cities. In a time of economic hardship, city residents—virtually the sole financers of cities—move from the expensive downtown areas into more affordable suburbs, taking their property taxes with them. When coupled with raised taxes in order to supply the city budget, such a scenario forces a seemingly endless cycle: High taxes result in residents leaving the city, shrinking the tax base....   [tags: fiscal and economic crisis]

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Unemployment and The Temporary Foreign Workers Program in Canada

- Over five years after the 2008 economic crisis, the Canadian economy is still in rough waters. Annual Gross Domestic Product (GDP) growth has been lagging below 2% and falling short of economists’ predictions (Hodgson, 2014), with no small part due to the stunted American and European recoveries. Tied into this is the country’s unemployment rate, which has hovered around 7% for over a year, while the rate for those aged 15-24 is nearly double, at 13.6% (Statistics Canada, 2014). Clearly, there is a need for more jobs in the country....   [tags: locals, economic crisis, jobs gap]

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America's Selective Aid to Other Countries: Factors and Reasoning

- It amazing that a country like The United States of America, who is so in tune with the world would not respond in more of a prompt manner to the atrocities committed in Bosnia. The U.S.A. is like no other country in the world, when there is a problem, like a natural disaster in another part of the world they are more than willing to swiftly help. For example, we were the first to respond to the 2010 earthquake in Haiti, and our efforts to help them rebuild lasted for what seemed like a lifetime....   [tags: Economic Crisis, Natural Disasters, America]

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1011 words | (2.9 pages) | Preview

Impact of the Economic Global Crisis: Current Situation and Prospects in the Philippines

- Impact of the Economic Global Crisis: Current Situation and Prospects in the Philippines Asia in general was not affected by the current global financial crisis (1). The source of the crisis did not come from the developing countries as seen in the 1990s during the Asian crisis. In 2008 - 2009, the developed world initiated the global financial crisis with the sub prime lending implosion; thus, affected the rest of the world. The Philippines in particular did not fall into a recession since the banks were not exposed to toxic assets as seen in the European banks and other developed world....   [tags: Economics ]

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Government Intervention and the Causes of the Great Depression

- The economic business cycle of the world is its own living and breathing entity expanding and contracting with imprecise balances involving supply and demand. The expansions and contractions also known as booms and recessions support a delicate equilibrium of checks and balances, employment and unemployment. The year 1929 marked the beginning of the downward spiral of this delicate economic balance known as The Great Depression of the United States of America. The Great Depression is by far the most significant economic event that occurred during the twentieth century making other depressions pale in comparison....   [tags: Economics, Economic Crisis]

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Was the Financial Catastrophe that Hit Ireland from 208 on an Accident or Due to Mistaken Policies

- Was the financial catastrophe that hit Ireland from 2008 on an accident or due to mistaken policies. It is natural for economies to experience highs and lows during different periods, often being subject to a boom-bust cycle. The financial catastrophe that hit Ireland from 2008 on, however, was definitely not an accident. A global financial crisis ensued the same year, which would obviously have a negative impact on Ireland - it “contributed very significantly to the [Irish] economy’s current woes” (Fitzgerald, 2011)....   [tags: economic crisis, fiscal policies]

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Reasons for the Decline of the Roman Empire

- The decline of the Roman Empire happened for many reasons. The third century started from 180 to 284 A.D. But it all started about 190 A.D. Tribes would want to move in to the Empire but knew if they did, conflicts would come about with the Romans. One can argue that Rome was undernourished because of its low productivity and failed to supply metals and currency. The decline of Roman Empire was due to military, economic, political, social problems, and the spread of Christianity. All four played a major part to the empire....   [tags: economic and social crisis]

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Subprime Lending Only Partially Cause of American Economic Crisis

- Is Subprime Lending to Blame For America's Economic Mess. Beginning in late 2006, Americans began to hear news of a weakening real estate market and the expected collapse of the sub-prime lending market. More currently the news is reporting that the American economy in general is in trouble and we are headed for a recession. Most of the reports on the American economy go back to the sub-prime lending market and the increase in sub-prime delinquencies and foreclosures as the reason for the decline in our economy....   [tags: Economics]

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Proposed Solutions to Solving America's Economic Crisis- Legalize Marijuana and Re-evaluate Welfare Policies

- A crisis is a time when a difficult of important decision must be made according to the secondary definition of the term crisis in the dictionary. Personally I feel that this is the best definition in regards to the existing economic crisis the United States is currently undergoing. While there were many factors that have contributed to the foreclosure situation we are presently experiencing, I believe there are just as many solutions we could use to turn our economy around. In response to the recession we must as a country change the way we do some things to enhance the money flow....   [tags: economy, marijuana]

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Legalizing Prostitution and Other Sexually Oriented Business

- Prostitution is the practice or occupation of engaging in sexual activity with someone for payment. People prostitute themselves when they give sexual favors to others in exchange for money, gifts, or other forms of payment. In the dictionary (which dictionary?), the word prostitute means a person, typically a woman, who engages in sexual activity for payment. Prostitutes may be of either sex, but throughout history many of them have been women who have usually entered prostitution because of economic stress or because they have been forced....   [tags: Legalization, Economic Crisis, Health Risks]

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Seidman's Senseless Scheme of Constitutional Disobedience

- A “Financial Crisis”, an “Economic disaster on a scale few nations have ever experienced”(1), the “Great Recession”, the “Lesser Depression”, the “Long Recession”, the “Global Recession of 2009”(2) and the “Financial Implosion”(3) are all expressions used to describe the economic situation the United States found itself in 2012. Louis Michael Seidman, a Harvard graduate and Carmack Waterhouse Professor of Constitution Law at Georgetown University Law Center, referred to it as “fiscal chaos”. It is Professor Seidman’s belief that the cause of this great chaos is the “archaic, idiosyncratic and downright evil provisions” of the Constitution....   [tags: financial crisis, economic disasters]

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The Credit Crisis: Economic Downturn by Credit Squeeze, Provision of Doubtful Debt and Bankrupcies

- The credit crisis is referred to as economic downturn by credit squeeze, provision of doubtful debt and bankruptcies among others. (IMF, 1998) Credit crisis is known as a credit crunch, it is an extension of recession. According to the Ocaya (2012), Credit crisis is a sudden shortage of loan and tightened the requirement of economy and society needs of getting loan from financial institutions. In such situation, lender started keeps the cash and stop lending money because they are worry about a large of debtor bankrupt and mortgage defaults....   [tags: events that went wrong in the financial system]

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The Nascent and the Prophylaxis of the Foreclosure Crisis: An Economic Prospective

- During the 1970s, the Carter Administration implemented the Keynesian Pump Priming in attempts to stimulate an economy shocked by petroleum prices. Commissioning public works projects, he injected liquidity into the market as had been done through the 50s and 60s. It resulted in uncontainable stagflation (stagnation and inflation). It provoked stagnation because the Keynesian stimulus requires the government borrow an extensive amount of liquidity, which pushed the demand curve for financial loan market forward, raising credit prices....   [tags: economy, foreclosures,]

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2219 words | (6.3 pages) | Preview

What is the Multiplier Effect?

- During the time of economic crisis starting around 2010 different rationalities have been taken to try and continue economic growth while maintaining a stable government system that is helping and not hurting. When examining government spending and how it affects the growth of the Gross Domestic Product (GDP) there seems to be disagreements on if it was helping or damaging the prospective growth that could be made. By using the Multiplier Effect the government can estimate how to adjust their government spending and how it effects the spending of the consumer, investments and spending of country’s exports....   [tags: economic growth, crisis, cut spendings]

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1296 words | (3.7 pages) | Preview

Unimaginable Poverty of the Great Depression

- The year 1920-1941 was an era of destitution in America. Even if the 1920’s were recognized as period of prosperity and new technology, the poverty that followed was unimaginable. The situation affected all types of people regardless of skin color and social status. When the banking system collapse people stopped spending in fear of loosing everything, because of this business owners had to reduce production as well as workers, as a result many lost their job and suffer in deep poverty. The seen of starving children and desperate parents on a street has become common....   [tags: economic, recession, financial crisis]

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656 words | (1.9 pages) | Preview

Discussion of the Main Reasons that have Resulted in the Bank Disintermediation

- Disintermediation could lead to economic crisis because of the importance of banks in the economy. Banks are very important in an economy because they provide safety for depositor, provide a wide variety of loans and offer other credit vehicles like cards and overdrafts. The bank connects surplus and deficit economic agents and significantly contributes to the progress of any economy through facilitation of business. • Economic Development: Banks facilitate the development of saving plans and are instruments of the government’s monetary strategic policies among others....   [tags: financial crisis,economic development, interests]

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1324 words | (3.8 pages) | Preview

China's Survival of Crisis Due to Economic Reforms

- China's Survival of Crisis Due to Economic Reforms In the years before 1976, many unwise policies were carried out which brought China into a crisis of communism, or a state in which communism was threatened. The Great Leap Forward and the Cultural Revolution were specifically the main causes of the crisis of communism and the mastermind between these two movements, Mao Zedong, can be held responsible for their initiation. The Great Leap Forward was a great economic failure....   [tags: Papers]

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1017 words | (2.9 pages) | Preview

An Analysis of Indian Economic Reforms

- What happened till now: In 1991, there was serious economic crisis, the worst balance of payment problem since independence. The economic reforms adopted by India were to stabilize the economy, de-regulate the real and financial sector, etc. The economy bounced back in 1995. The stats for 95-96 showed good signs of growth. The growth started to slow down after 95.There were many supply-sided and demand-side theories that suggest the reason for this slowdown. The government decided to reduce the liquidity by controlling the CRR and SLR....   [tags: crisis, economy, investment]

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947 words | (2.7 pages) | Preview

Greece's Lack of Economic Discipline

- Greece Lack of economic discipline Greece has been facing the problem of government debt for all the periods of its history since the beginning of 19th century. Economists gear this fact with some inherent features of Greek economy and Greek society such as costly and ineffective government, tax evasion and political clientelism, which is based on relations of patronage. Altogether these drawbacks manifested themselves against the background of the latest global financial crisis, having sharply raised the deficit of Greek government budget....   [tags: debt, budget crisis, recession]

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1056 words | (3 pages) | Preview

The 2008 Financial Crisis

- Introduction The current financial crisis happened on 2008 and lasted for quite a while. It caused different levels of economic recessions in varying regions all over the world. Government officials of financial institutions and economists try to rectify the financial mistakes and lower the risk of future financial crisis. This essay will take United Kingdom financial system for instance, analysis its financial regulations. Firstly, it gives the background of the financial crisis. Secondly, it comes to the failure of old regulation which takes place in the 2007-2008crisis after analysis the examples from UK and International market....   [tags: economic recessions]

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1123 words | (3.2 pages) | Preview

Economic Power: China vs USA

- During pre-modern times, China’s economy was in constant growth and stable due to its high influence in commerce along trade routes that moved across the Old World. Since China was deficient in technology and innovation that would push its economy and it commercial relationships with other countries, America became an economical power and its global influence expanded which resulted in its surmount above other economies including China’s . China lost against America in the economy and America took first place....   [tags: chinese politics, budget crisis]

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1019 words | (2.9 pages) | Preview

Bank of America and the Mortgage Crisis

- Bank of America and the Mortgage Crisis Sharply rising mortgage foreclosure rates during the economic recession between 2007 and 2009 have drawn a significant amount of attention from scholars and policy makers. There has been an abundance of research probing factors, particularly sub-prime lending and neighborhood characteristics, contributing to foreclosures (Li). The present paper, investigated causes of the mortgage disaster with relevance to Bank of America. Bank of America is one of the major financial institutions affected and is losing money in the industry....   [tags: economic recession, foreclosures]

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983 words | (2.8 pages) | Preview

How to Solve the Foreclosure Crisis

- How to Solve the Foreclosure Crisis An important step in solving the foreclosure crisis is to provide assistance to mortgagees in making the monthly loan payments; this assistance should be in place before the first loan payment is due. One solution in providing assistance, which would not require any additional governmental funds to be spent, would be a mandatory mortgage equity accelerator program for every new loan written. A mortgage equity enhancement program allows a thirty year mortgage loan to be repaid in approximately twenty-five years....   [tags: Economic/Social Issues]

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1137 words | (3.2 pages) | Preview

The Banking Crisis in Cyprus

- Introduction The banking crisis in Cyprus resulted in economic instability in the country. This prompted for rapid measures by the government, the central bank and the European Union in general. Various policies were implemented to counter the effects of the crisis. The adopted policies were designed to restore financial stability (Weisenthal 2013). Government policies The government of Cyprus was swift in the introduction of policies that would save the economic situation in Cyprus and restore the confidence of investors....   [tags: economic instability and policies]

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1606 words | (4.6 pages) | Preview

Economic Growth in Ireland from Social Partnerships

- Social partnerships have been in existence from as early as the 1980s but have been mostly implemented when financial trouble arises. Research shows that social partnership came about in Ireland when they were in an economic predicament. This can be clearly demonstrated when Eileen Connolly (2007) states that: For nearly 20 years the Irish State has engaged in a process if social concentration that has produced tri-annual agreements between the social partners and the government. Beginning in 1987 as a response to economic crisis, Irish ‘social partnership’ has received international attention because it has been closely associated with the spectacular success of the Irish economy....   [tags: crisis, development, business]

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1492 words | (4.3 pages) | Preview

The Global Credit Crisis

-   Ocaya (2012) state that credit crisis is a financial market or economic meltdown of lending the funds to the borrower and cannot get back, it evaluated by severe shortage of money or credit bring accumulation of bad debts, defaults and falling financial institutions among others. However, the experts and economists is unclear as what form a credit crisis. The Wall Street defines a credit crisis as a “period during which borrowed funds are difficult to get and, even if funds can found, interest rates are very high”....   [tags: Financial, Economic Meltdown]

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1509 words | (4.3 pages) | Preview

Venezuelan Crisis: Grounds for Revolution?

- ... Globalization has affected the political identities with nations and even continents. We can see that “in Africa, the colonial origin of the state ensured that power was the defining element of statehood. History shows that the spread and consolidation of capitalism has been an authoritarian project” (Okwudiba Nnoli, 2003, 12). Even the Ukrainian Conflict was dramatically influenced by globalization. Having the medias focus on you can make your governance act in a different way but also having access to education can educate a youth and allow them to identify what they want their identity to be....   [tags: economic policies, Hugo Chavez, scarcity]

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1522 words | (4.3 pages) | Preview

The Dutch Tulip Crisis of the 1630's

- The Dutch Tulip Crisis of the 1630’s was a socio-economic disaster caused by greed and opportunity. It would seem that those words when taken out of context and examined today seem to describe recent and current speculative bubbles we have experienced in modern day society. Story has it that “in the 1630s a sailor was thrown in a Dutch jail for eating what he thought was an onion. That onion was in fact a tulip bulb. The cost of the sailor’s gluttony was equivalent to the cost of feeding an entire crew for twelve months” (   [tags: history, first economic bubble]

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H.R. 1424, the Emergency Economic Stabilization Act of 2008.

- H.R. 1424, the Emergency Economic Stabilization Act of 2008. In the wake of the United States 2008 financial crisis, the government became pressured to act and the federal government needed a way to help. In late 2008 HR1424, commonly known as the Emergency Economic Stabilization act, was proposed to congress, and signed by president bush. This legislation was a way to remove the burden from banks, whom during the mortgage crisis, came strained on resources and was not able to keep lending as their clients fell victim to foreclosure....   [tags: financial crisis, banks, financial banking]

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1998 words | (5.7 pages) | Preview

Relationship between Inequality and Financial Crisis

- ... According to him the rising levels of inequality in the past three decades led to rise in political pressure for redistribution that eventually came in the form of subsidized housing finance (Rajan, pg.3). The Rajan hypothesis engineered by professor Rajan himself, though said to have existed even before Rajan, goes further to explain the actual triggers of the financial crisis that hit the world in 2008 originating from the United States. Apart from triggering a lively debate about inequality in the United States, it has shed light on other mistakes that caused the financial crisis....   [tags: credit, global, economic, money, bank]

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905 words | (2.6 pages) | Preview

The Global Financial Crisis and Its Impact

- 1.0 The Global Financial Crisis and Its Impact The recent Global Financial Crisis (GFC) initially began with the collapse of credits and financial markets, which caused by the sub-prime mortgage crisis in the US in 2007. The sub-prime mortgages were given to high-risk lenders (with bad credit history) who were in danger of defaulting, which eventually caused a global credit crunch, where the banks were unwilling to lend to each other. In October 2008, the collapse of the major financial institutions and the crash of stock markets marked the peak of this global economic slowdown (Euromonitor International, 2008)....   [tags: global economic slowdown, financial markets]

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1807 words | (5.2 pages) | Preview

Euro Crisis Depends ion ario Monti’s Guidance

- The future of the world economy depends greatly on the Euro crisis. The outcome of the Euro crisis depends heavily on what happens in Italy. The new governments success will rely greatly on Mario Monti’s guidance. Mario Monti is in the best position as EU commissioner, to respond successfully to the challenges that arise. In turn, overcoming their financial difficulties and creating stable economic growth over a longer period of time (TheEconomist, 2013). Firstly, the Euro is stable and shown growth in both exchange rates and within the country....   [tags: debt, economic, italy]

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729 words | (2.1 pages) | Preview

How To Solve The Foreclosure Crisis

- The foreclosure crisis in America is growing, and becoming less and less exclusive daily. At first, it applied mainly to lower income individuals and families, or those with subprime loans and other credit entanglements. It stands to reason that those looking to use credit to purchase a home must be mindful of their credit standing, and the direct effect it will have on their interest rates. If they acquire mortgages in this state, and cannot maintain the payments, the obvious result is a financial snare....   [tags: Economics, Mortgage, Housing Crisis]

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1487 words | (4.2 pages) | Preview

The Eurozone Crisis

- Introduction Eurozone crisis can be seen as the most important economic problem of the European Union in the history. Because of that crisis the currency union have faced the possibility of separation which is an extremely critical issue not only economically but also politically. Until the subprime crisis which became prominent by the bankruptcy of Lehman Brothers in 2008, the economic level of the EU members were similar. When the bankruptcy occurred those countries started to differentiate in a very significant way....   [tags: Eurozone Crisis]

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1921 words | (5.5 pages) | Preview

How To Solve The Foreclosure Crisis

- Solving the foreclosure crisis is a vital step toward the country’s economic recovery. The sooner America can resolve this crisis, the more rapidly banks will recover financially, home values will begin to rise once more and American citizens will return to work. The purpose of this essay is to provide a viable solution to the foreclosure pandemic. This proposal will benefit the homeowners, taxpayers, businesses, and the financial institutions in America. It will not benefit every household experiencing a financial hardship; however it will enable numerous American families to keep their homes....   [tags: Economics, Mortgage, Housing Crisis]

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The Cuban Missile Crisis

- In 1962 nuclear war seemed inevitable to the world, it was the first time nuclear war was hanging on a thread. The Cuban Missile Crisis presented a threat to the world, in which the USSR planted nuclear missiles on Cuba. America’s response was to threaten launching nuclear missiles at the Russians. This incident launched the world into a new time, which presented nuclear weapons as a source of power. The incident of the Cuban Missile Crisis still connects with us today because the power nuclear weapons present, which provides incentives for countries to want them....   [tags: crisis, war]

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1304 words | (3.7 pages) | Preview

Crisis Management of the Hong Kong Government in the Asian Financial Crisis and the Subprime Crisis

- Table of Contents Introduction…………...................……………………………….……………………1 Consequences of the Crises……………....………....…………………………………3 Responses of the Hong Kong Government and Assessment of Crisis Management.....4 Precautionary Measures of Financial Crisis…………………........……………….…..9 Conclusion and Recommendations……......................................................................10 Introduction In this essay, a brief introduction about the causes and consequences of the Asian Financial Crisis and the Subprime Crisis will be given at the beginning....   [tags: Analysis of Crisis Management ]

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1922 words | (5.5 pages) | Preview

How to Solve the Foreclosure Crisis in America

- The foreclosure crisis in America can only be resolved by every American citizen working together to build a stronger America by changing the way we make decisions for expenditures in our lives. We must stop overextending ourselves beyond our economic means. The foreclosure crisis of America has been caused by Americans borrowing money to purchase a home that they cannot afford. Lending agencies have allowed Americans to borrow more money to buy a home than they can afford. Each lending agency seemingly used logical reasoning that if they did not lend the funds to the homeowners, another agency would....   [tags: Economics, Mortgage, Housing Crisis]

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1887 words | (5.4 pages) | Preview

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