2007

evidence from an expert proved that the water could have gathered following the explosion. By looking at the aforementioned case laws it can deduced that corporate bodies, can be held accountable for those activities and practices that fatally injures those to whom a duty of care is owed and it can be said that “The Act” is effective, however mostly small companies have been convicted and not many large organization have faced any conviction. Moreover, the individual directors, senior managers or other individuals will not be convicted of assisting of encouraging the offence as per the section 18 of CMCHA 2007. Nevertheless where there is sufficient evidence and where the public interest an individual can be prosecuted for gross negligence manslaughter and for health and safety offences Conclusion The main question that is to be highlighted is that whether the CMCHA 2007 has prevailed over the difficulties associated with convicting a corporate body for criminal homicide. It could be concluded that, there are still a very few number of convictions of the companies for their homicidal crimes under CMCHA. The companies that have been so far convicted are majority small scale organizations or owned by one person; the Act has not yet catered to large multinationals that have a complex organizational structure. This could propose the Act is not filling its need and is not being used adequately. This could be a direct result of the questionable segments of the Act which may…

1). Many economists consider the crisis of 2007-2009 to be the worst financial crisis since the Great Depression. The housing market crash of 2007 was one of the major significant causes of this financial crisis. Between the period of 1995-1999, the housing market had a slow, but continuous growth. Once the stock market crash in 2000, most shareholders removed their money from stocks and put it into housing. The Federal Reserve endorsed the housing market to help create wealth and to assist in…

The 2007-2009 recession was not just part of unemployment and trade policies it was consistent with the future years past the wars. For instance, in the MindEdge video the presenter specifies that the lower GDP is linked to lower unemployment and in turn influences the aggregate demand to decrease product prices and then a recession begins (Pearson ebook, ?). According to Scholars Julie A. Phillip’s and Coleen N. Nugent contend that most unemployment was linked to the ages of 15-24 (Phillips and…

Risk is the exposure to danger to achieve a goal or commitment. There are many reasons why we risk our lives, our character, our reputation, and our finances. An important factor of that risk is if it was assessed? Is it calculated risk or are you taking the proverbial leap of faith off the 2,000-foot cliff? The 2007 Financial Recession was considered a dilution of calculated risk by many professional investors and entities. These individuals were paid enormous amounts of money to make…

For the growth and prosperity of the economy, strong financial markets and institutions are vital. The faith and trust of the consumers must be maintained by the financial environment. The financial crisis from 2007-2009 affected the livelihood of many Americans. The causes of problems, the impact on financial markets liquidity, and risk management are discussed to gain understanding for the ramifications of the financial crisis. Causes of Problems Overview The financial crisis from…

In 2007-08 the biggest economic crash since the 1930 “Great Depression” occurred . A great deal of people believe in the system and that the people working in the system know what they're doing and have everything under control. When people put so much trust in the bank's, home realtors, salesman, mortgage brokers and don’t do their own research they get tricked. Honestly the typical person doesn’t know everything about mortgages or loans and the interest rates. So in the early years leading up…

The most exceedingly bad Financial Crisis after the immense gloom in 1930 's has been the Global Financial Crisis of 2007-08 which activated from the Subprime Mortgage emergency and the burst of the housing bubble in the United states. It was mainly activated by an extensive decrease in home prices, prompting home loan misconducts and foreclosures and the devaluation of housing-related securities. Decreases in residential investments went before the retreat and were followed by diminishments in…

The figure above showed inflation rates from year 2007 to year 2012. In year 2007, the inflation rate is 4.10% and plummeted down to 0.10% in 2008. However, this inflation value increase in the year 2009 to 2.7% and drop to 1.5% in 2010. From 1.5%, the inflation rate risen up to 3% in 2011. In year 2012, the inflation rate is 1.7%. The pattern of the inflation rates between these years is inconsistent. (“Current US Inflation Rates: 2005-2015”) High inflation rates between the years of 2007 to…

One of the most important events in recent history is the Financial Crisis of 2007-08. In the years after the crisis, there has been an inquiry into what caused the crisis and what the crisis has affected. There are a variety of causes to the Financial Crisis of 2007-08 and there are a variety of effects of the financial crisis as well. Scholar Matthew Sherman argues that one major contributor to the Financial Crisis of 2007-08 was financial deregulation. The financial deregulation started in…

Monica Patel ECON 4210 10/29/14 Problem Set 2 The 2007-2009 financial crisis originated in the United States, and was primarily caused by the introduction of subprime mortgages. In the years leading up to the crisis, new methods for evaluating risk surfaced and this allowed financial institutions to offer borrowers with higher risk a new type of mortgage, known as a subprime mortgage. These subprime mortgages were then bundled into various types of securities, all done with the intention to…