Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
What one can determine from the current literature, however, was that today's recession was fueled, at least in part, by the misuse and misdistribution of credit. For this reason, the current culture shift is most likely a solution to the problem it itself. Responding to the recession, the American people have changed their attitude toward politics, spending, and the importance of finances in their daily lives. By spending less, relying on credit less, and saving more, the American people are bound to aid in ending the current financial crisis. Government, on the other hand, must step in to regulate what the people cannot in their own personal finances. By encouraging the Democratic plans of tax cuts and job creation, the American people can continue to advocate for the solution of the problem. Thus, finance and the economy are large contributors to a group's culture. The current recession is no exception, but the culture change initiated by the recession may actually help heal that recession in the end.
References
Barbaro, Micahel and Uchitelle, Louis. (2008, January 14). Americans Cut Back Sharply
On Spending....
The New York Times. Retrieved from, http://www.nytimes.com/2008/01/14/business/14spend.html
Banking Crisis Timeline. (2008, October 30). The Guardian. Retrieved November 17, 2008 at http://www.guardian.co.uk/business/2008/oct/08/creditcrunch.marketturmoil
BBC. (2008, September 26). Q&a: Financial crisis and you. Retrieved November 17, 2008 at http://news.bbc.co.uk/2/hi/business/7625419.stm
It's an Ill Wind. (2008, October 9). The Economist. Retrieved November 17, 2008, at http://www.economist.com/world/unitedstates/displayStory.cfm?story_id=12380943
Leigh, Andrew. (2008, November 3). Credit Card Issuers Struggling. Retrieved November 17, 2008, at http://www.inc.com/news/articles/2008/11/credit-cards.html
London, Kathleen. (2008). The History of Birth Control. Retrieved November 17, 2008, at http://www.yale.edu/ynhti/curriculum/units/1982/6/82.06.03.x.html
The Financial Crisis Explained -- How Did We Get Here? (2008, September 25).
Retrieved November 17, 2008, at http://www.kypost.com/mostpopular/story.aspx?content_id=fbb5ac95-bcd1-4493-bab6-b3cf58a19377
References
Barbaro, Micahel and Uchitelle, Louis. (2008, January 14). Americans Cut Back Sharply
On Spending. The New York Times. Retrieved from, http://www.nytimes.com/2008/01/14/business/14spend.html
Banking Crisis Timeline. (2008, October 30). The Guardian. Retrieved November 17, 2008 at http://www.guardian.co.uk/business/2008/oct/08/creditcrunch.marketturmoil
BBC. (2008, September 26). Q&a: Financial crisis and you. Retrieved November 17, 2008 at http://news.bbc.co.uk/2/hi/business/7625419.stm
It's an Ill Wind. (2008, October 9). The Economist. Retrieved November 17, 2008, at http://www.economist.com/world/unitedstates/displayStory.cfm?story_id=12380943
Leigh, Andrew. (2008, November 3). Credit Card Issuers Struggling. Retrieved November 17, 2008, at http://www.inc.com/news/articles/2008/11/credit-cards.html
London, Kathleen. (2008). The History of Birth Control. Retrieved November 17, 2008, at http://www.yale.edu/ynhti/curriculum/units/1982/6/82.06.03.x.html
Retrieved November 17, 2008, at http://www.kypost.com/mostpopular/story.aspx?content_id=fbb5ac95-bcd1-4493-bab6-b3cf58a19377
By May 2012, MedAssets long-term debts are approximately $959.94 Million. Additionally, MedAssets secures loans that carry interest rates. With significant amount of loans that the company has secured and notes that the company has issued, the company faces interest rates risks. To mitigate the effect of risks associated with the fluctuation of the interest rates, the company enters into the series of financial instrument to guide against the risks from
Financial Analysis of Lehman Brother Lehman Brothers The history has been full of financial collapses and financial scandals and one of the biggest financial collapses that a company has ever seen was that of Lehman brother. The collapse of a firm as huge as Lehman Brother and a firm which has such great experience of over a hundred years lead the world into a shock. It created doubts in the minds of
Financial Management of Not-For-Profit Organizations: Generally, financial management of not-for-profit organizations is similar to the process of financial management in the profit making sector in several aspects. Nonetheless, there are several major differences that contribute to a different focus of a not-for-profit financial manager. In the commercial sector, the for-profit enterprises mainly focus on capitalizing shareholder value and overall profitability. On the contrary, not-for-profit organizations have the basic aim of providing
This means that Apple is generating more cash internally than Google. Further, given the increase in cash flows from operations in the case of Apple means that the company could have an enhanced value of net income in future. When it comes to cash flows from investing activities, there is an increase in the same in the case of Apple in the current financial year in comparison to the
Financial Statement Analysis Westpac (WBC) Westpac banking corporation is one of the largest banking organizations in Australia, and the largest bank in New Zealand. Westpac provides arrays of banking and financial services in Austria, which include institutional banking, retail banking, and wealth management services. Established in 1817, Westpac is the first bank established in Australia. Since its formation, Westpac has increased in its strength, and at present Westpac has the market capitalisations
Many laws have been successful in restricting such practices in order to avoid a similar situation in the future. Today, "when a mortgage borrower wins a rescission case in court, the bank loses the right to foreclose, and has to give up all profits from interest and fees on the loan" (Carter, 2012). However, just a few years after predatory lending caused so much damage, there are already movements