The Financial Crisis Of 2008 Hit The American Economy

The financial crisis of 2008 hit the American economy and the world economy as well. It cost tens of millions of people their savings, jobs, and their homes. For decades the American financial system was stable and safe, but it changed. The financial industry turned its back on society; it corrupted the political system, and plunged the world economy into crisis. It was not an accident; it was caused by an out of control industry, a greedy industry. The crisis has made more damage to society while the industry has made more money. The residential mortgage crisis affected commercial real estate by making credit much more difficult to get. Real estate investment has been driven by leverage. One of the great things about real estate investment is that you do not need just cash to do it. The possible investors are either reluctant to acquire and develop real estate without the need of debt. As a result, the demand for real estate slowed and prices fell down. To understand better how ever ything started, let’s mention the great depression. After the Great Depression, the United States had forty years of economic growth without a single financial crisis. The financial system was regulated, and most of the banks were local. They were prohibited from speculating depositor’s savings. Investments banks were small private partnerships in charge of handling stock and trading. The private partnerships partners put their own money up as their investments; therefore they didn’t risk asShow MoreRelatedThe World s Economy Was Devastated1732 Words   |  7 Pagesthe western world’s economy was devastated. With the crash of the United States Wall Street, the realm drove into what is now known as the â€Å"Great Recession†. Its neighbour to the north, Canada also felt these affects as unemployment and poverty grew. After a decade of despair, the massive rise in government spending for the Second World War and the reductions in taxes, the econo mies returned to prosper. With decades of industrialization, population growth and surging economies, the Western WorldRead MoreThe Crisis Of The United States1711 Words   |  7 PagesDuring the mid-2000s, the global economy was impacted by one of the biggest financial catastrophe; the subprime mortgage crisis. The housing market in America was on the decline that indirectly affected Canada. This case study will provide an overview of what happened before, during and after the crisis in order to obtain an understanding of what could be applied to predict a better future for North America as a whole and Canada individually. This case study also provides an opportunity to appreciateRead MoreFactors That Affects The Global Economy And Its Impact On The Nigeria And Egypt Economy1568 Words   |  7 Pagesaffects the global economy and their impact on the Nigeria and Egypt economy. In 2007, the financial crisis, which later extended to the global financial crisis began in the United S tates of America. The origin and elements of the 2007/2012 global financial crisis have been widely discussed in the literature throughout the period. The aim of this work is to, however, try to point out the reasons and also the macroeconomic effects of the financial crisis in both countries economy and the resultingRead MoreNotes On Credit Default Swaps1401 Words   |  6 PagesCredit Default Swaps Another financial vehicle that could be problematic was CDS (credit default swap). CDS is a financial derivative works like insurance on securities. The underwriter is obligated to pay a pre-determined fee to counterparty if a certain security default. In return, underwriters charge a fee as compensation. CDS can be used to hedge against risks. However there are still some difference between a CDS and an insurance contract. The CDS does not require buyers to actually hold underlyingRead More2008 Us Economic Recession1709 Words   |  7 PagesINTRODUCTIONS The  Global Financial Crisis  of 2008 is considered by many economists to be the worst  financial crisis  since the  Great Depression  of the 1930s. It resulted in the threat of total collapse of large financial institutions, the  bailout  of small and big banks by national governments, and downturns in stock markets around the world. In United States, the housing market also suffered, resulting in  evictions,  foreclosures  and prolonged unemployment. The crisis played a significant role inRead MoreThe Financial Crisis : Rescue Efforts855 Words   |  4 PagesThe Financial Crisis: Rescue Efforts Throughout the early 2000’s, relaxed lending regulations and lowered interest rates sparked the growth of the securitization of subprime mortgages. In order to increase profit and revenue, a number of financial institutions became heavily involved in the process of securitizing the loans. When house prices began to fall in 2006, homeowner delinquencies and foreclosures increased causing many institutions to become overleveraged. As a result, the destabilizationRead MoreThe Crisis Of The United States Of America1721 Words   |  7 PagesDuring the mid-2000s, the global economy was impacted by one of the biggest financial catastrophes: the subprime mortgage crisis. The housing market in the United States of America was on the decline and it indirectly affected Canada. This case study will provide an overview of what happened before, during and after the crisis in order to obtain an understanding of what could be applied to predict a better future for North America as a whole and Canada individually. This case study also providesRead MoreThe Subprime Mortgage Crisis Of 2008 Impacted The Us1581 Words   |  7 PagesMortgage Crisis of 2008 impacted the US According to data from the United States Census Bureau: 501 thousand new single-family houses were sold in 2015 compare to 1,051 thousand in 2006. Real estate always impacted the economy by creating jobs and housing opportunities for families. But around 2006 because of a shortage of homebuyer, the nation saw an increase in the number of mortgage credits and subprime loans granted which lead to the 2008 subprime mortgage crisis, a nation wide banking crisis, puttingRead MoreThe Financial Crisis Of 20081747 Words   |  7 PagesThe economic crisis of 2008 was one for the ages, it changed the world of investing forever. That year, the stock market crashed, bank failures and the infamous wall street bailout that can all be traced back to the subprime mortgage crisis.. The 2008 economic crisis rocked the global economy for the worst, and to this day the United States is trying to recover from the impact that the crisis had. In order to understand why exactly the banks failed people have to understand the subprime mortgageRead MoreThe Crisis Of 2008 And Its Effects On The Economy1361 Words   |  6 PagesThe Crisis of 2008 has been the worst financial crisis since the devastating era of the Great Depression. The Crisis of 2008 just like the Great depression left millions of people unemployed, and homeless. After the crisis the causes were viewed like speculation, fragility of the system, and greed of the managers which adversely affected the market. The effects of a financial crisis are truly devastating to the economy, and many people that live in the country of which it occurred. There are many

Analysis of Singer´s The Life You Can Save Essay - 1026 Words

In this paper I will begin by explaining Singer’s utilitarian argument in â€Å"The Life You Can Save† regarding the obligation of affluent nations to give in order to alleviate global poverty. Secondly, I will analyze one objection to Singer’s argument that opposes charity. Thirdly, after examining the objection to Singer’s argument, I will present Singer’s noteworthy reply. Finally, after offering both an objection to Singer’s argument, as well as Singer’s rebuttal, I will offer my own view on whether or not Singer’s refutation is convincing. In discussing Singer’s argument, it is important to explain his definition of global poverty. Singer clearly states that extreme poverty is â€Å"not only a condition of unsatisfied material needs† but also†¦show more content†¦Singer proposes that â€Å"nearly as important† is a vague statement. It connotes that a person cannot say, for example, saving oneâ €™s child is more important than saving the lives of multiple children in another country, as a hardened fact. It is perceptibly more important for someone to save his or her child, while to a third party observer more lives saved is morally more important. Therefore, â€Å"nearly as important† allows some wiggle room in order to allow people to be honest with themselves about right and wrong. Essentially, Singer says that if an individual has the ability to give, there is no substantial reason not to do so. It is not a question of whether or not to give, but how much. Singer offers many objections to his argument, but I will focus on the most important one: â€Å"If someone wants to buy a new car, they should. If someone wants to redecorate their house, they should, and if they need a suit, get it. They work for their money and they have the right to spend it on themselves† (26). This seems to be the most logical objection to Singer’s argument because humans are inherently selfish. They work for their money and would like to spend it any which way they desire—whether it be to charity or a car—without being chastised and degraded. Many people make enough to send their children to college, own a reliable car, and to occasionally be able toShow MoreRelatedLiterary Analysis Of Alice Walker s The Color Purple1489 Words   |  6 PagesSisterhood and Feminism: A Literary Analysis of Alice Walker’s The Color Purple Behind every beautiful thing, there s some kind of pain. The color purple represents royalty and nobi lity, which can be use to describe the personality of Celie and Nettie and their value of life. Purple is created by combining a strong warm with a strong cool color. The one color contain two completely opposite colors which represent price of royalty and nobility. The Color Purple using epistolary style to describeRead MoreMy Sisters Keeper and Morality1345 Words   |  6 Pageswere not her own. Anna is sympathetic with her sister’s condition and has given all she can to ensure Kate’s recovery from leukemia. Yet the discovery of the purpose of her being conceived through vitro fertilization was for the intention to possible spare Kate’s life. Anna claims that her parents’ (Sara and Brian Fitzgerald) push for her to donate her kidney unwillingly is an infringement of her â€Å"right to life†. She also claims that she is being denied the right to make decisions as regards her ownRead MoreA Brief Note On Crime And Punishment And The Main Charact er Plots And Carries Out The Murder Of An Old Woman883 Words   |  4 PagesIn Dostoyevsky s novel Crime and Punishment the main character plots and carries out the murder of an old woman who has a considerable amount of money in her apartment. After killing her, he steals the money. 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At first thought, you condemn and complain how the system of life sucks so muchRead MoreEssay on Stanley Kubrick: Artist , Explorer and Pioneer3777 Words   |  16 PagesKubrick uses the medium of film to convey an understanding of the world around him. I see his work as art rather than entertainment and I propose his inclusion in Howard Gardner’s model of Multiple Intelligences. The basis of my argument lies in analysis of his work ethic, complexities, innovations and communication skills. Background Stanley Kubrick was born on July 26th, 1928. The Bronx New York was both his birthplace and childhood home. While there he had a relatively uneventful adolescenceRead MoreThe Family Stone1791 Words   |  8 Pagesscarce resources, and interference from others in achieving their goals. At the core of all conflict analysis is perception (Wilmot Hocker, 2011). 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Biology Research for Photosynthesis Essay Sample free essay sample

Shape of Leaf Disks and Photosynthesis Research Question: Does the form of the leaf discs affect the rate of photosynthesis if the surface country of the foliages are kept the same? Purpose: Through this experiment. I seek to reply whether the form of leaf disc affects the rate of photosynthesis to happen out which leaves are more efficient at using free energy from the environment. Specifically. if there is a important difference in the rise clip ( p gt ; . 05 ) of round foliage discs and rectangular foliage discs. Hypothesis: Knowing that the rate of photosynthesis is governed straight by the restricting factor of free energy ( sunlight. H2O. C dioxide ) and cognizing that differences in leaf discs shape doesn’t needfully impact these factors. I predict that the form of the foliage discs doesn’t do a difference if the surface country is kept changeless and equal. Independent Variable: In this experiment. I’m traveling to utilize the form of the leaf disc as th e independent variable. I’m traveling to use square shaped leaf discs in order to look into if there is a difference in the rate of photosynthesis from the control. Dependent Variable: In this experiment. my dependent variable is traveling to be the clip it takes for the foliage discs to lift up to the top. which is traveling to be tested by different shaped foliage discs. Controlled Variable: The handbill shaped leaf discs are traveling to be my control for this experiment. We besides command how much Na hydrogen carbonate is added. the sum of H2O that is present. and the sum of sunshine that each disc receives. Possible Confusing Variable: Because the foliage discs are little and travel often in the beaker while under the lamp. we can’t perchance regulate the consequence of photosynthesis of one foliage disc to another. Besides. different arrangement of the foliage discs could give different clip of rise. Background Research: Many surveies claim that the form and size of a foliage affects the rate of photosynthesis. The size and form of foliages is an illustration of a via media between leaf energy exchange. leaf temperature. and photosynthesis. â€Å"Leaves turning in cheery environments are smaller and more profoundly lobed than foliages turning in shaded environments. Leafy workss turning in the hot. waterless environment of comeuppances or cold north-polar and alpine environments have little foliages. In portion. this is related to the influence of foliage dimension on leaf boundary bed opposition and the efficiency with which heat and wet are transported off from a leaf† . ( Parkhurst and Loucks 1972 ; Givnish and Vermeij 1976 ; Woodward 1993a ) . Even though these findings are really thorough. they merely are valid largely when there is besides a surface country or size alteration. Photosynthesis: Fuels ecosystems and replenishes the Earth’s ambiance with O. Like all enzyme-driven reactions. the rate of photosynthesis can be measured by either the disappearing of substrate or the accretion of merchandise ( or byproducts ) . 6CO2 + 6H2O + Sun – gt ; C6H12O6 + 6O2 The output of the 6 O gas molecules is the factor that will increase the rise of the foliage discs to the top so hence. find the rate of photosynthesis. Material:* Baking sodium carbonate ( sodium hydrogen carbonate )* Liquid soap ( about 5 milliliters of* dishwashing soap in 250 milliliter of H2O )* 2 fictile panpipes without needle ( 10 milliliter or larger )* Populating foliages* Hole clout and scissors* 2 clear beakers* Phone timer* Light beginningSafety: There are many safety jeopardies to be cautious about during the class of this experiment. We are utilizing old bulbs and they can be overheated and fuse out so we have to stand off from the light beginning. We are besides covering with glass ware so cautiousness and careful dealing is required at that place. But the major concern arises from people walking around aisles so bags have to be tucked in the desks and we have to be aware of the chairs and pace lightly. Another ground to worry is that Procedure: 1. Make a. 2 % solution of Na hydrogen carbonate and H2O. ( Make 200 milliliter solution so plenty for both groups )2. Add a bead of soap into the solution.3. Divide the solution into two groups.4. Ready the visible radiations on a steady tallness but don’t turn the visible radiations on.5. Cut 15 round foliage discs and step the country and so cut out 15 square form foliage discs with the same country. 6. Cut 15 round foliage discs and step the country and so cut out 15 square form foliage discs with the same country. 7. Pull the gases out of the squashy mesophyll tissue and infiltrate the round foliages with the Na hydrogen carbonate solution. which acts as a wetting agent between the mesophyll. 8. Put the solution under the lamp and turn the lamp and timer on and enter the clip when each foliage disks rises to the surface. 9. After each round foliage disc has risen to the surface and been timed. add the square foliage disc assorted solution under the lamp and enter the clip when each disc rises to the top. 10. Then we add the discs in a rectangular discs and do the same procedure as above. Datas: Data Table 1: Time of Rise in CircularLeaf DisksTrial| Time for Circular Leaf Disk to Rise ( seconds ) |1| 331|2| 332|3| 341|4| 342|5| 356|6| 357|7| 360|8| 385|9| 420|10| 452|Mean| 367. 6|Median| 356. 5|Standard Deviation| 40. 06| Data Table 2: Time of Risein Rectangular Shaped DisksTrial| Time for Rectangular Leaf Disk to Rise ( seconds ) |1| 380|2| 438|3| 462|4| 466|5| 478|6| 484|7| 494|8| 498|9| 445|10| 423|Mean| 456. 8|Median| 481|Standard Deviation| 36. 48| Graph: Observational Comparison between Data 1 and Data 2: There is an obvious difference between the clip it takes for the round foliage discs to lift and the rectangular foliage disc to lift. We can see that the mean and median for Data 2 ( rectangular ) is much higher than Datas 1 ( handbill ) . Since right now I am merely doing an observation. it is safer to follow the median because the mean is easy fishy to bias and outliers. My hypothesis seems to be invalid because there is much higher average clip of rise for rectangular foliage discs than round foliage discs. This decision is non proven yet and a 2-sample T trial would hold to be conducted to see if there is important difference in the rates of photosynthesis between round foliage discs and rectangular. Calculations:2-sample T trial µ1: The average rise clip of round foliage discs.  µ2: The average rise clip of rectangular foliage discs.H0:  µ1 =  µ2Hour angle:  µ1 ?  µ2Conditionss:* Random sample of round foliage disc and rectangular foliage discs non give. Our consequences may be fishy to bias. * Independence is sensible because the rise clip of one foliage disc shouldn’t impact other leaf discs. * Box secret plan is symmetric plenty to go on. t= ( Differences of agencies –Parameter ) / Standard Deviation of Statistic Differences of means= (  µ1- µ2 ) = 367. 6-456. 8 = -89. 2Parameter=0Standard Error of difference = sqroot [ ( 40. 06/10 ) ( 36. 48/10 ) ] = 17. 652 Intermediate values used in computations:T = 5. 2659. 000182df = 17standard mistake of difference = 17. 652P value and statistical significance:-The two-tailed P value is less than 0. 0001-By conventional standards. this difference is considered to be highly important Test findings: We have to reject the void hypothesis (  µ1 =  µ2 ) because our P-Value ( . 000182 ) is significantly lower than the alpha ( . 05 ) . This trial indicates that rectangular shaped leaf discs require a higher clip to lift than the round foliage discs. demoing that there is a slower rate of photosynthesis in rectangular discs. Decision: My hypothesis was that differences in leaf discs shape doesn’t needfully impact the rate of photosynthesis. This hypothesis is rejected by or informations and 2-sample T trial. The mean and average severally for Data 1 ( round foliage discs ) were 367. 6. and 356. 5. The mean and average severally. for Data 2 ( rectangular foliage discs ) were. 456. 8 and 481. The cardinal clip it takes for a rectangular foliage discs is much higher than the cardinal clip it takes for a round foliage discs to lift. I besides ran a 2 –sample T trial which concluded with a surprising p-value of. 00083. These statistics show that the rate of photosynthesis is higher in round foliage discs than rectangular foliage discs. But there are many mistakes and restrictions to our experiments that can be improved and fixed. Errors/Limitation: Our trial indicated that there is a much faster rate of photosynthesis is round foliage discs compared to rectangular foliage discs with a 2-sample T trial. But our conditions for the 2-sample t trial weren’t to the full satisfied because there was no random sample given to guarantee no prejudice and independency could be flawed since all leaf disc tests were run in the same beaker at the same clip. Another possible mistake that could be the ground to our consequences is that round foliage discs have more unstable perkiness and rise easier than rectangular shaped leaf discs. Besides. we didn’t test multiple forms due to a deficiency of clip so we don’t cognize about the rate of photosynthesis of other molded foliage discs. Improvemen ts: We can better our trial if we ran a batch more samples ( about 50 ) to fulfill the status for big samples. so we could randomly choice utilizing a figure generator leaf discs to utilize in the experiment to fulfill the first status. We should besides prove multiple different forms of foliage discs and compare them to circular foliage discs to prove their rate of photosynthesis.

The American Experience In Essays - Counterculture Of The 1960s

The American Experience In The American Experience In The Electric Kool-Aid Acid Test Mass Comm and Society Late November, 2000 ?Kesey in la casa grande with the wind up and the sky cloudy, and the Gulp flapping, and the Rat plaster paneled with pages from out of Marvel comics, with whole scenes of Dr. Strange, Sub Mariner, the Incredible Hulk, the Fantastic Four, the Human Torch--Superheroes, in short. All heads believe them to be drawn by meth freaks, because of the minute phosphorescent dedication of their hands. Superheroes! Ubermenschen! (Tom Woolfe, The Electric Kool-Aid Acid Test, page 288)?. The Electric Kool-Aid Acid test by Tom Woolfe is a lovely piece of literary journalism cooked up by renowned paperman Tom Woolfe. Written in 1968, the book (henceforth referred to as Acid Test) was a rousing success at providing the world at large with a stranger than fiction narrative of the formative days of the early ?hippie,? or ?head? movement. This book contains it all: Hell's Angels, the formation of the Grateful Dead, Owsely's Acid, Jack Keuorac, Timothy Leary and more. It centers on an enigmatic young Oregonian?a man who could be a farmer, or your son-in-law?who, for all intents and purposes, co-founded experiments into things psychedelic and the attendant lifestyle that followed. The man I am speaking of is one Ken Kesey, best-known for authoring One Flew Over the Cookoo's Nest. This man, via mind-altering hallucenogens, transitioned from Stanford University to Everywhere, U.S.A., picking up other interested parties every which way. These fellow travelers become the ?Merry Pranksters,? and, on their painted bus dubbed ?Furthur,? they attempt to explore the very edges of reality and consciousness. And Tom Woolfe writes about it. Some academians (Of the New York University School of Journalism) were so impressed by his work that they put it on a (relatively) short list of the 100 best examples of American journalism for the 20th century. Is this designation deserving? I think so. I'm going to show you this rather than telling, but suffice it to say the highest complement that I can pay is that Acid Test is truly a non-fiction novel. Pay careful attention to the excerpts which follow. Here you will get a taste of Woolfe's style, his attempt to capture, as he might say, not merely the overt facts of his subject but the psychological flavor as well. It would be impossible to give a roll call to Kesey's band of Merry Pranksters, just as it would be laughable to portray their story in a linear progression. A key element to the overall motif of Acid Test issssss.....(I'm using a Tom Woolfe-ism here.) The American Experience. If there is one thing about these Pranksters, these Intrepid Travelers, that makes them of interest, it is that they seek to experience life in a way that utterly thumbs the nose at all attempts to grovel at the posits of history. They don't want yesterday. In fact, the whole point is to catch up to the cusp of now. Let me set the scene for you: psychedelic drugs. In the 60s. They're everywhere. But as our story opens, they're just beginning to proliferate. Here is an in-house description of the Power the psychedelic experience packs, not in causing hallucination but in giving a truer portrait of Reality: ?...These drugs seem to be the key to open these locked doors. How many?-maybe two dozen people in the world were on to this incredible secret! One was Aldous Huxley, who had taken mescaline and written about it in The Doors of Perception. He compared the brain to a reducing valve. In ordinary perception, the senses send an overwhelming flood of information to the brain, which the brain then filters down to a trickle it can manage for the purpose of survival in a highly competitive world. Man has become so rational so utilitarian, that the trickle becomes most pale and thin. It is efficient, for mere survival, but it screens out the most wondrous part of man's potential experience Without his even knowing it. We're shut off from our own world. Primitive man once experienced the rich and sparkling flood of the senses fully. Children experience it for a few months--until normal' training, conditioning, close the