Category: financial crisis

Current Crisis And Say’s Law

Current Crisis And Say’s Law

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.

What Is A Ponzi Scheme And How To Avoid Being Swindled

What Is A Ponzi Scheme And How To Avoid Being Swindled

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?

Can A Bad Situation Have Good Effects?

Can A Bad Situation Have Good Effects?

“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.

Suicide Risk Increasing Due To Financial Crisis

Suicide Risk Increasing Due To Financial Crisis

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.”

Toyota Projects Loss For The First Time In 70 Years

Toyota Projects Loss For The First Time In 70 Years

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.

debt relief
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