The Late Late Show

The 2008 financial collapse, also known as a “Business Recession,” “ Financial Crisis,” or “ Global Financial Crisis,” began with the United State and brought many countries to the edge of insolvency. In another word, the crash of September 2008 through the largest bankruptcies. The contagion, which began with low-interest rates drove housing prices higher and that made the mortgages backed securities and collateralized debt obligations (CDO). At that time, the investors were sitting on their…

The Recession of 1981-1982 Compared to the Great Recession of 2007-2009 Post-Great Depression, the United States experienced several recessions, which reveal trends that may help economists predict future recession cycles. The Recession of 1981-1982 and the Great Recession of 2007-2009 were similar because both were the worst recessions the U.S. has faced in terms of unemployment rates. While the Recession of 1981-1982 resulted in the peak of unemployment post-WWII at 11%, the Recession of…

The two tables, Table F-3 and Table F-1, each show the transitions in the various social classes’ family income that can happen over a span of years. The difference in family income trends can be attributed to the evolution that society goes through over a long period of time. The events that occur in a time period affect government, education, family, and the economy, which in turn, influence family income. In the first table, Table F-3, all of the categories saw a significant increase in…

INTRODUCTION: WHAT IS BUSINESS? Business is a field that has a lot of impact in almost every career field possible. Basic business skills can be asked of someone during interviews, projects, and other work obligations. Business has helped many people, especially in America, change their way of life and help them follow their dreams. So, what is business? Business is “an organization or economic system where goods and services are exchanged for one another or for money” (“Business Dictionary”).…

The culture of a company determines the probability of its overall success and long-term sustainability. A recent study from Berkeley concluded: “...firms that focus on and cultivate a culture that members agree about and that specifically focuses on adaptability will grow faster financially than their competitors” (Chatman, 2012). In order to determine a company 's culture and whether or not it exemplifies Berkeley 's recipe for the most prosperous type of business, one can utilize the…

Hell-Raisers vs. Ass-Kickers It seems that there has been much discussion lately as to whether or not Generation Z, otherwise known as the Millennials, are “better” or “worse” than their predecessors, Generation X. This is quite an interesting topic. It is one that deserves more and more attention as the younger generation enters adulthood and the work force. There are questions that come to mind that need to be addressed. First, what are these generational differences? Second, are these…

Rancho Solano (RSPS), a leading academic institution with an advanced curriculum, was established in 1954. RSPS continues to be a highly ranked private school and was also ranked as the third best private school in the state of Arizona. However, at the beginning of 2012, two schools were closed down. This case study is meant to explain the general and specific environmental factors causing the closures; the closure process; the impact on organizational behaviors; classical, behavioral and…

The United States grants the responsibility of officially determining when a recession begins and ends upon the National Bureau of Economic Research (NBER). Within the National Bureau of Economic Research their Business Cycle Dating Committee handles this job. The NBER has come to define this period of substantial economic decline as a recession. However, the official definition the NBER uses for recession is “a period between a peak and a trough where, a significant decline in economic activity…

In today’s society, survival revolves upon the amount of money in your pocket and how high your debt has stacked up against you. When those two aspects are unbalanced amongst a large amount of citizens, the economy will start slowly eroding into a crisis. The most memorable occurrence of this was when the economy seemed to have completely disintegrated in 1929 during the Great Depression. Most people’s best bet at getting by was to be prepared for the long wait at the soup lines. Although the…

increase of tuition cost like in the USA. The USA in the past slowly raised prices for higher education. However, since the end of the 1970’s prices have been on a steady incline, while grants are on the decline. As stated in the introduction statistics show that since the 1970’s the US Government has decreased the amount of grants given by about 40%. Also, work study has decreased by about 25%. Since the 1970’s the rate of poverty (especially among children) has increased (Avery and Hoxby,…