2010

The economy went into a doomed era in 2008. Gigantic banks on Wall Street, which people often referred them as the heart of economy fell. The fraud emerged years later, when the banks were selling the synthetic CDOs. This became a chain reaction that links one another and put the world into deep recession. Too Big to Fail and The Big Short contributed to the ongoing narration of the 2008 financial crisis in a cinematic format, which also journalism, television, advertising and public relations…

regulated at all, with others subject to less oversight than their peer financial firms organized under different charters” (Morrison & Foerster, 2010, p. 6). After the financial crisis, analysts pointed to the “many regulatory failures” and gaps in oversight as the reason unethical and illegal practices were overlooked or ignored (Madrick, 2010, para. 3). As a result, the provisions set out by Dodd-Frank included several changes in government oversight, including the creation of new…

television viewers of the 2010 World Cup Final between Spain and the Netherlands — more than watched the Rose Bowl (24.04 million), the NCAA men 's college basketball championship (23.99 million) or the Winter Olympics closing ceremony (21.4 million).”("Soccer by the Numbers: A…

It could be argued that medical breakthroughs, technological advances, and various other advancements surpass politics in importance. I, on the other hand, argue that politics determines if such achievements benefit the people. Each country’s greatness is inherently dependent upon its politicians to make wise political decisions that will allow the entire nation to prosper. This is especially true in America, where democracy allows citizens to choose their leaders. In November of 2008 and 2012,…

In Sanders book he states that academics have identified a number of factors that set the stage of the mortgage market “Financial innovation in the form of asset securitization… Imprudent business and risk management decisions based on the expectation of continued housing price appreciation Faulty assumptions in the model used by credit rating agencies… Gaps and weaknesses in regulatory oversight… Government policies to increase home ownership … lending to higher-risk borrowers… economic…

An explosion of new ideas and cultures came about from the post World War universe. The world from the 1950s until the present day has been filled with these blossoming ideas, as a response to the shocking and harsh realities brought forth by the devastating World Wars. Despite some rejection of traditional values, these ideas still have roots embedded in philosophies thought up well before the the 1950s. The progression and regression of certain ideas are apparent if one looks at the historical…

Greece is on the verge of going bankrupt. Greece failed to make a payment to the International Monetary Fund (organization of 188 countries, working to secure financial stability and international trade). Will Greece be leaving the Euro zone? The Euro zone has been helping Greece for many years financially, but you can only help someone or something for so long. Currently, Greece is under strict rules to get their financial situation back in order. How will the future Greece affect the Euro zone…

CHINESE MARKET AND THE U.S. MARKET As we know, Chinese market and the U.S. market are the two biggest economic systems in the world by now (2015); they are both measured around 17% in global economic activities each (Walker, 2015, para.3). These two different markets are very attractive to most of the investors around the world. However, on many other perspectives these two markets are really unlike, which challenge a lot of business owners and new entrepreneurs, who considering to begin their…

Globalization can be seen as a good thing as well as a bad thing, depending on your position in the workplace. For example, globalization is very beneficial to developing countries because they have access to big markets in North America and can export cheap goods, but globalization is not a positive or white and blue collar working people. The purpose for globalization is to provide free trade from around the world, the creation of a worldwide market so that consumers have access to products…

The subprime mortgage crisis was the closest the United States had come to economic instability. The subprime mortgage crisis was a four-year long period in which the home prices and ownership plummeted. The crisis started out in the 1990s, when the United States government wanted to help increase homeownership by the deregulation of policies. To tackle the issue of “affordable housing” the Department of Housing and Urban Development helped ease regulation to private companies and banks when…