Dubai – It’s All About Reputation Management
Category: financial crisis
In light of the current Keynesian-style government fiscal stimulus measures introduced to try to tackle the economic slowdown, the series looking at economic theories within the context of the present situation examines the work of Jean-Baptiste Say and classical economic theories.
Economy Is Really Bad
The Treasury Department, which oversees the bailout program, said the banks returned a total of $353 million.
Imagine how you might feel if you had entrusted all of your hard earned savings into a high-stakes investment, just to find out later that you had lost it all and had been taken advantage of! Well, that is exactly the sort of thing that often happens with a Ponzi scheme! But what exactly is a ponzi scheme and how can you avoid being duped by this dishonest business practice?
President Barack Obama pressed Congress Monday night to urgently approve a massive economic recovery bill, using the first prime-time news conference of his presidency to warn that a failure to act “could turn a crisis into a catastrophe.
“Absolute Truth” well science maintains there is there is no such thing like that, but from the current global financial crisis it is evident that there is no absolute free market. Truth is always relative, just like freedom.
Mental health experts say the sour economy has turned what usually manifests as seasonal blues into a full-blown crisis. “The fear of losing one’s job and pressures caused by a downturn in business, demotion or pension plan cutbacks can be bad for mental health and therefore increase suicide risk.”
But the world’s largest vehicle manufacturer by sales volume and market value said it now expects to post a fiscal-year operating loss of nearly $1.7 billion, a dramatic turnaround from the $13.9 billion operating profit Toyota had forecast earlier this year and revised operating profit of $6.7 billion that it released in November. Media reports in Japan said it would be the first operating loss since just after the firm was founded in 1937.
“The Securities and Exchange Commission, a once-proud agency with an impressive history as Wall Street’s top cop finds itself increasingly conducting autopsies of leading financial institutions after failing, in the first instance, to perform adequate biopsies.