Mortgage lenders

Although the hurricane-type weather is expected in the Gulf Coast states, the scope and magnitude of the damage from Hurricane Katrina were exceptional. The devastation experienced was far greater in intensity and distances of exposure from the coast than expected. This should categorize Hurricane Katrina as an extraordinary item because of the amount of damage and extended amount of time to recover from the damage. Fire and flood can be planned for to a certain degree because of past…

Imagine a world, in which everywhere “the view is perpetually bleak, and each decaying, overcrowded city we rolled through looked just like the last.” (Ready Player One, 165) However, “[Halliday] was the videogame designer responsible for creating the OASIS, a massively multiplayer online game that had gradually evolved into the globally networked virtual reality most of humanity now used on a daily basis.”(Ready Player One, 1). What would you choose? Escape from the ugly reality, abandon the…

The documentary “Life and Debt”, directed by Stephanie Black, is a film about globalization that illustrates an example of the calamities that can be wrought upon a developing country thanks to economic globalization. This powerful documentary is a clear exposé on how the United States has destroyed Jamaica’s economy and it serves as example for what has happened to several countries across the globe, which have been brought to their knees in part to countries with the greatest power including…

When the financial crisis of the late 2000s hit, it revealed evident weaknesses in the U.S. financial regulatory structure. The Dodd-Frank Wall Street Reform and Consumer Protection Act is a United States federal law that was enacted in July 2010, following the financial crisis, to create financial regulatory processes to limit risk by enforcing both transparency and accountability. We are going to review the major costs and benefits of the new regulation standards and the effect it has had on…

The main idea being discussed in the article, “The Fed’s Unconventional Monetary Policy” is that the methods used to get out of the recession experienced in 2007 to 2009 are not viable options to use again. The after effects of long-term buying of bonds and near zero interest rates are grave. It is putting us back in the same situation that triggered the great recession with high prices of stocks, too many low quality bonds, and high prices in commercial real estate. I agree with Martin…

It can be seen that there were many consequences of the Pinochet regime and that is why there was the 1980 Constitution, which was approved by a plebiscite. "It delimited the participation of groups, parties or political movements that were class-based, motivated by ideology ... and fused an administrative state that was instructed to the military." (Loveman and Davies, 1989 p.270) However, he stated that Pinochet would be President until 1989 when it is another election. Chile returned to…

This is a very thought provoking article on the infringement notice process in Victoria. It questions not the increased use of court time for minor offences, the ever widening definition of what constitutes an ‘infringement’ and finally but significantly the growth in the use of the courts as a ‘collection agent for private industry’. It discusses the original intention of the legislation which they state as providing a “speedy and inexpensive way to process minor infringements” in preference…

problems originated in a very mixed web of global players. Asia had a low global interest rate, the European markets were heavily borrowing from the American markets, and so on (Gurría, 2008). Perhaps the biggest aspect, however, was the incessant mortgage lending in America. American banks were giving loans to people who clearly would not be able to repay them. and this created a “bubble” that was sure to pop (Origins, 2013). The bankruptcy of infamous Lehman Brothers banking caused mass panics…

Economic Depression in 2008 Harini Sivaraman Broward College Author Note This research paper is created by Harini Sivaraman to discuss about the economic depression of 2008 and how it had affected major economic sectors. Abstract This paper discusses about the Great Depression of 2008 and how similar was it to the previous Great Depression that occurred in 1930s. This paper discusses about the effects of Depression on the various sectors of the economy to cover a wider range of impact deeply.…

Jackson Hole There is no bigger stage for the central bankers than the annual Jackson Hole Symposium. The Fed Chair skipped the last one, however, she is attending this year and is due to speak on Friday, which has captured the world’s attention. Central banks losing control over the economic condition Since the last financial crisis of 2007, the world markets look up to the central banks to save them from another economic downturn. The central banks have tried everything, right from zero…