Recession

Inequality and disadvantage of London labour market: The inequality has been reduced over last few years in London. However, there are some social groups treated unequally in London labour market. The inequality caused due to various factors such as prohibited legislation, race, ethnicity, age, disability and social class. In addition, people with poor or weak education and lack of skills are affecting a lot in the labour market; and they are struggling to access the jobs. It leads to a pay gap…

“Most Innovative Companies” list in 2008 and 2010. The recession that began in late 2007 had taken its toll on the U.S. economy and the office furniture industry that Herman Miller Inc. (HMI) competed in. HMI had managed to weather these turbulent times better than its rivals, but its sales and profits had suffered nevertheless. In the fiscal year ended in 2008, HMI had earned $152.3 million on sales of just over $2 billion. As the recession progressed, its 2010 sales and earnings had fallen…

In 2010, the movement ‘Occupy Wall Street’ (OWS) appeared as a show of force for those affected by the 2008 ‘Great Recession’. One of the main purposes of the movement was to show the ‘American 1%’, that the average Joe was struggling, and to highlight the exorbitant income gained by the big business elite. In the article “Occupy Wall Street Has Already Won” by Eliot Spitzer, he claims that OWS’s goal has already been achieved. That the discussion of the cause has brought to light, clarity has…

During economic downturn, it is clear that most companies are focused on budget cuts and reduce costs in different ways in order to save themselves from financial crises. Among these ways, layoff and hiring freezes are the main ones that companies’ decision making bodies are argued on as the best cost reduction methods. According to WSN Editorial Board, “In the past decade we have gone from the best labor market in our economic history to arguably one of the worst. It is going to take years, if…

Except creating new travel patterns for people, developed infrastructure increases operational opportunities for firms (Banister D., Berechman J., 1999). There are for example products that have to be transported within few hours and be available at certain radius. Providing firms with new transport options help them to expand and ensure their output is vastly available on the commercial market. Improved infrastructure increases potential output of the factory and makes production more…

C. The United States Department of Defense will faces an abundance of new and risky challenges with regards to the execution of the National Military Strategy within the next 5-10 years. Several specific factors help to highlight this. Those are the Budget Control Act of 2011, changes in the external world of the pentagon, existence of the iron triangle, the current climate of the defense industrial base, and the historical execution track record of the acquisition and deployment of major…

What do you think of when you hear the word crisis? Do you think of something that happened in history, or do you think of things that are happening in your own life? “The American Crisis” as better known as just “The Crisis” was a series of pamphlets that Thomas Paine wrote after writing his well known pamphlet, “Common Sense”. There are sixteen pamphlets in total and all of them were published from 1776 to 1783. Thomas Paine’s The Crisis uses pathos most effectively because it utilizes the…

This paper will examine the relationship between structural factors in American society and individual short-comings and inadequacies in explaining the rise of homelessness. No one ever decides to become homeless. The All-American dream is to own your own home to raise a family in, and to have grand children come to visit and play. Sometimes life does not turn out the way it was once thought of or planned. One of the major factors of homelessness is the cycle of poverty. Collectively an…

William Butler Yeats’ poem “The Second Coming,” provides the reader with the mental image of a dark and desolate world on the brink of collapsing. The first line of the poem gives the reader an image of something spiraling out of control. In this case, we can just simply assume it is slowly accumulating storm. As time passes, the storm grows in strength and begins to wreak havoc upon the earth. This storm could represent the United States’ current economic problems and that it is progressively…

The US economy is going through some hard times: low growth, relatively high unemployment (still above 5%), declining competitiveness, massive job cuts in the oil and gas industry (including manufacturing jobs), and growing social inequality. All these problems were so significant, that they were the main topic of Barrack Obama’s "Address to the State of the Union” presented to Congress January 24, 2012. It has also been the focus of the recent Democratic presidential campaign. What is the role…