1000+ documents containing “economic recession”.
economic recession, its impact on the markets, businesses both large and small, on the private and public sectors and its contribution to the unemployment predicament. It analyses the measures that should be employed to help businesses and companies achieve their corporate goals during this economic decline. ith the diminishing operating budgets and margins by businesses, the paper identifies ways in which businesses can cut costs and yet meet their expectations. It goes ahead to look at which reward practices businesses should use at such a time that will not raise their operating costs to motivate their workers while focusing on maximizing on their returns and achieving their goals.
The economy goes through different cycles and, one of them is the recession. According to Answers.com, Economic recession is a period of general economic decline; typically defined as a decrease in Gross Domestic Product (GDP) for two or more consecutive quarters. A….
economic recession, coupled with a federally mandated raise in the minimum wage, affect the demand for McDonald's fast food? How do fluctuations in the cost of feed for cattle, in crop output, the cost of oil, and all the factors that go into producing our food effect our supply? Most importantly, how can we adjust to meet demand, comply with government regulations, and still earn a profit? The following analysis studies the ways we can adjust supply to increase quantity demand for McDonald's food products, the way we can adjust the price of our product without sacrificing customer service our quality, and the way we can maintain a comfortable profit margin in current economic conditions.
hat factors affect demand for our products? Regardless of the economy, people still need to eat. Because many consumers of our food may be working two jobs or more to make ends meet, the demand….
What factors affect demand for our products? Regardless of the economy, people still need to eat. Because many consumers of our food may be working two jobs or more to make ends meet, the demand for a convenient, tasty meal at an affordable price increases demand for our food. In addition, consumers seeking to indulge themselves on a limited budget often turn to our food for a "treat." (Bittman, 2009). The great demand for our products seems to indicate that we could increase our prices slightly. Would this lead to a greater profit, though? Or would it decrease demand too significantly, causing a decrease in profits?
The price of many of the requisite supplies for our McDonald's franchises are on the rise. From the price of milk to the price of oil, increasing prices make it more expensive for us to make our food. (Doherty, 2007) Should these costs be passed on to the consumer? If they are, will demand for our products decrease? If we examine the rising price of milk, the data seems to suggest that demand would not be decreased significantly. According to Regan Doherty, "With milk, as with gasoline, consumers have a hard time turning away even when prices soar." (Doherty, 2007). The information in this article suggests that the shortage of milk (and, by extension, gasoline), has lead to a price increase, yet demand remains high. It can be surmised that demand for these products is relatively inelastic. Does McDonald's fit into a similar inelastic demand paradigm? One factor in determining elasticity is relative competitiveness. (University of Michigan). The data suggest that increasing prices slightly to meet the raising cost of purchasing supplies for our food will not hurt McDonald's bottom line, because McDonald's biggest competitors -- namely, Burger King, Wendy's, and other fast food burger chains -- will have their prices influenced by the price of supplies in a similar fashion.
Should the government choose to raise the minimum wage, will this increase or decrease the demand for McDonald's food? The answer to this question depends upon two factors: Whether or not McDonald's food has negative elasticity; meaning, as the consumer's income increases, demand for the product decreases. (Rittenberg, Tregarthen). The other factor is whether or not an increase in the minimum wage would be sufficient to allow negative elasticity to occur. The answer to the latter question seems simple; minimum wage, unless increased exorbitantly, would hardly be enough to elevate a consumer's income level to that of the wealthier consumers who tend to eschew fast food altogether. (Krugman, Wells, 158). Since there is little danger of an increase in minimum wage creating a state of negative elasticity, economic theory dictates that the inelastic nature of food purchases would lead to either an increase in the demand
High unemployment and an economic recession in the United States both have strong effects on the selection decisions of companies. This is due to the fact that companies want to get the most qualified candidate. When there are higher unemployment numbers, there are actually more people applying for the positions that are available. During a recession, though, it can be more difficult to hire for these positions, because the money to hire more people may not be available.
Selection methods have to be both valid and reliable. If they are not, they could end up being illegal and violating the ADA or other laws. That can get companies into serious trouble with fines, lawsuits, and related problems, so it is very important to avoid selecting and hiring people based on anything but legal, reliable, and valid characteristics.
Structured interviews are superior to unstructured interviews because they follow a pattern that can be….
BAILOUT OF ALL STREET VS. THE INDIVIDUAL HOMEONER BAILOUT
Economic Bailout of all Street vs. the Individual Homeowner Bailout Proposal
Homeowners are always interested in safe financial arrangements regarding their mortgage plans. However, some of them who lack the important plans to be on the right track often end up failing to recover their homes from the mortgage lenders. It is in the occurrence of such misfortunes that the likelihood of losing the homes becomes real. This necessitates the role played by the government in restoring order and sanity back to the homes. Reasonably, there is a need to work in collaboration with the government because the same can do all these and bring to the attention of the leadership.
Bailout Programs for Mortgage Beneficiaries
The background of the circumstances leading to a bailout of the program emanates from the fact that there can be a problem with the income flows of the individual….
Cott, Nancy F. The Housing Problem in the U.S. Munich: K.G. Saur, 2012. Print.
Dennett, D. C. The U.S. economic crisis of 2008. London: Routledge, 2007. Print.
Martin, Linda. Economic Bailout of Wall Street. East Lansing: Michigan State UP, 2010. Print.
Melton, J. Gordon. Government housing bailout plan. Wilmington, N.C.: McGrath Pub., 2012. Print.
1. Briefly describe central banks’ response to global financial crisis.
When recessions and other economic problems strike, one of the main responses that is seen from the economies involved is a lowering of interest rates. Indeed, the governments make money cheaper for banks to borrow so that it spurs investment and growth. This, in turn, tends to help support or grow economies. There is also the use of quantitative easing and the issuing of bonds.
2. What is quantitative easing and what securities are used in the programs in the US, EU, Japan?
The ostensible inefficacy, at least on its own, of lowering interest rates and issuing bonds has led to the use of quantitative easing by countries like the United States and the European Union. Indeed, it is a way for a government to “pump money” into an economy. This happens when a government buys government bonds and other securities with cash….
Each of the four economies studied suffered somewhat from the economic downturn. The differences between the severity and length of recession in each country will inevitably be affected by the structure of that nation's economy and its relationship with the international monetary system. As such, it is important that we analyze the differences between these nations and the ways in which the current economic crisis impacts their economies. e can learn why some countries are comparatively successful at mitigating the impacts of recession, while others suffer more than they probably should given their links to the root of the problem. This insight can help the players in the international monetary system to develop a system in future that is better able to manage the downside impacts of recession.
Zakaria, F. (2009) the Canadian Solution. Newsweek. Retrieved October 23, 2009 from http://www.newsweek.com/id/183670
Flynn, D. (2008). Greece did too little to avoid recession.….
Zakaria, F. (2009) the Canadian Solution. Newsweek. Retrieved October 23, 2009 from http://www.newsweek.com/id/183670
Flynn, D. (2008). Greece did too little to avoid recession. XPat Athens. Retrieved October 23, 2009 from http://www.xpatathens.com/news/19157
Bahree, M. (2009). Mongolia rolls with the recession. Forbes. Retrieved October 23, 2009 from http://www.forbes.com/2009/09/22/mongolia-mining-rio-markets-emerge-elbegdorj.html
No author. (2009). Is India recession proof? Vilekhari.com. Retrieved October 23, 2009 from http://www.vilekhari.com/business/is-india-recession-proof/
In order for this to happen there must be a lot of industrial production happening. If you look at the history of industrial production, when ever there has been a drop, consumers have stopped spending and a recession has taken place. During the oil crisis from 1973-1975, the industrial production rate fell to about 74%. In 1983 the industrial production rate fell to 71% sparking the recession of the 1980's. Again in 2001, the industrial production rate fell to 74% after September 11th, causing the recession of the 1990's. Today the industrial production rate has fallen to about 73% leading to the current recession (History of U.S. Economic ecession, n.d.). If history holds true the industrial production rate will go back up and consumers will once again spend money and the recession will fade from our memory until the next one comes along.
History of U.S. Economic ecessions. (n.d.). etrieved….
History of U.S. Economic Recessions. (n.d.). Retrieved March 10, 2009, from Recession.org Web site: http://recession.org/
Links to Adverts
As Taibbi shows, it is not easy: "I'm going to say something radical about the Tea Partiers. They're not all crazy. They're not even always wrong. hat they are, and they don't realize it, is an anachronism. They're fighting a 1960s battle in a world run by twenty-first-century crooks" (Griftopia 16-17). Taibbi makes clear that the Tea Party is not even homogenous: it is made up of a broad spectrum of individuals (some of whom do not even want to be called Tea Partiers) who are angry and looking for someway to focus their anger.
In conclusion, recouping the losses is not an easy thing to do. hen a company like Lehman Brothers can be allowed to collapse while their competition (Goldman Sachs) can be bailed out by tax payer dollars, citizens are going to start wondering how their country got to such a point in the first place. Taibbi….
AP/HuffPost. Charles Ferguson's Oscar Speech Rips Wall Street: 'Inside Job' Director
Levels Criticism During Acceptance. HuffPost Business. Web. 8 Apr 2011.
Campbell, Andrea Louise. "Is the Economic Crisis Driving Wedges Between Young and Old? Rich and Poor?" Generations 33.3, Fall 2009: 47-53. Print.
Espo, David. "Deadline nears: Shutdown looms without agreement." Yahoo! News, 8
Many businesses could no longer operate in this fashion and likely closed their doors leading to a rise in unemployment. This is an example of the rule that Hitler had on the Pre-World War II German economy. The people of the nation were completely subject to his policies and because the economy was in such a vulnerable position as a result of the First World War, that Hitler's policies were looked upon as providing assistance to the nation. The research indicates that Hitler's rule over Germany managed to counter the rise in unemployment with institution of the German Labor Service and other workforce and labor programs.
Pre-World War II Unemployment in Germany
etween January 1933 and July 1935 the number of employed Germans rose by a half, from 11.7 million to 16.9 million.
. Under the rule of Hitler, more than 5 million new jobs paying living wages were created.
The Great Depression….
Academic Dictionaries and Encyclopedias. "Expulsion of Germans after World War II." Last
updated in 2010. http://en.academic.ru/dic.nsf/enwiki/38667 .
Brezina, Corona. The Treaty of Versailles, 1919: A Primary Source Examination of the Treaty
That Ended World War I. New York: Rosen Publishing Group, Inc., 2006.
He also said that it was high time that every person in the world stopped being economically defensive and started to become politically courageous. At the same summit, the Minister of Sustainable Development and Planning and Head of the Economic and Social and Ministerial Council of Bolivia said that a responsible community would make up and constitute the very basis of global sustainability and stability, and sustainable development was what had helped Bolivia survive through all the years of economic instability and political unrests that it had been subjected to all the previous years. (esponsibility for each other- as Johannesburg's High-Level Segment Begins)
However, though it is widely accepted that Bolivia is indeed heading in the right direction today, it is still lacking in clear markets, and in a complete access to the various technologies that exist in the world today, and also in a guiding mechanism that would help….
Background Note: Bolivia. (August, 2004) Bureau of Western Hemisphere Affairs. Retrieved at http://www.state.gov/r/pa/ei/bgn/35751.htm . Accessed on 22 February, 2005
Background Notes, Bolivia. (March 1998) U.S. Department of State. Retrieved at http://www.state.gov/www/background_notes/bolivia_0398_bgn.html . Accessed on 22 February, 2005
Bolivia, Geography. Retrieved at http://reference.allrefer.com/world/countries/bolivia/geography.html . Accessed on 22 February, 2005
Nicholls, Peter. (Autumn, 2003) Bolivia, between a rock and a hard place. Capital and Class. Retrieved at http://www.findarticles.com/p/articles/mi_qa3780/is_200310/ai_n9324747/pg_3Accessed on 22 February, 2005
Growth The retailer sector was lately affected by the back-to-school shopping season, which did not start so well, as midprice department stores, discounters and specialty-apparel retailers announced disappointing sales results during August, which reinforced the already much debated concerns that consumers are not comfortable with the current state of the economy and are reluctant to consume, considering the shaky and uneven economic recovery.
However, luxury department-store chains managed to post significant earnings, as they benefited from the help of an important number of upscale shoppers. Still, the effects of higher gas prices and the rising value of grocery bills, combined with lackluster job growth were severely felt by moderate- and lower-income shoppers.
Michael Niemira, chief economist and director of research at the International Council of Shopping Centers feels that "There's weaker-than-expected performance," due to the fact that "there was a slowdown in spending, but some results are exaggerated by other factors,." Mr.….
1. Higher energy prices depress overall economy. Charles Stein.
Knight Ridder Tribune Business News. Washington:
Aug 6, 2004. On the Internet at http://gateway.proquest.com.libproxy.unm.edu/openurl-url_ver=Z39.88-2004&res_dat=xri:pqd&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&genre=article&rft_dat=xri:pqd:did=000000674708321&svc_dat=xri:pqil:fmt=text&req_dat=xri:pqil:pq_clntid=2877
2. Retailers' Sales Come In Weaker Than Expected; Soft Results Reinforce Fears About Consumer Confidence; Discounters Saw Biggest Hit. Kortney Stringer.
Edgar Hoover, makes public its continuing investigation into the activities of black nationalist organizations, singling out the Black Panther Party in particular, Hoover viewing the group as a national security threat.
January 05, 1970
Blacks Move Out of Inner Cities: The Bureau of Census statistics show as the quality of life in poverty-stricken urban communities worsens, a continuous stream of middle-class blacks escape to higher-income neighborhoods and suburbs.
February 13, 1970
First Black Member of the New York Stock Exchange: Joseph L. Searles III becomes the first African-American to become a member of the New York Stock Exchange, starting his training as a floor partner with the firm of Newberger, Leob & Company.
June 16, 1970
Gibson Elected Mayor of Newark, New Jersey: Kenneth A. Gibson was elected mayor of Newark, New Jersey on this date. He also became the first Black president of the Conference of U.S. Mayors during his career.
January 25, 1980
African-American male unemployment: Robert Carmona. (2007). Congressional Testimony.
Retrieved May 12, 2009 from HighBeam Research: http://www.highbeam.com/doc/1P135839035.html
Algernon Austin. (2008, January 18). What a recession means for black America. EPI Issue Brief
#241. Retrieved May 13, 2009 from http://www.epi.org/publications/entry/ib241/
This mindset was made possible by their intensive investments in new technologies that made transactions inherently unauditable and untraceable by the Securities and Exchange Commission and other governance entities. Given the automation of these complex trading workflows and the inability of governance bodies to keep pace with technological advances, coupled with banker's unwillingness to assist governments in tracking increasingly intricate transactions, the bankers could literally make their own rules up as they went along. What has differentiated this global economic downturn from others is how pervasive this attitude has become of offloading risk by aggregating toxic and bad loans together, using technologies to increase speed of transactions while alleviating accountability (Corden, 2009).
An aversion to risk has been replaced by a consolidating, aggregating and re-selling of completely worthless and often called "toxic" loans, with accountability of the performance of investments left by the wayside. Bankers had the most to gain….
John C. Bogle. (2009, April 21). A Crisis of Ethic Proportions. Wall Street Journal (Eastern Edition), p. A.19.
Corden, W. (2009). The World Credit Crisis: Understanding It, and What to Do. The World Economy, 32(3), 385.
John Dobson. (2003). Why Ethics Codes Don't Work. Financial Analysts Journal, 59(6), 29-34.
Jeffrey C. Gerrish. (2002). Ten new commandments for corporate governance. American Bankers Association. ABA Banking Journal, 94(11), 16-20.
"Construction -- which was a substantial component of investment -- fell because the housing stock exceeded the demand after 1925. " (Temin 9) Termin goes on to say that
Consumption fell because wages, other income, and capital gains all fell, with the fall in wages having the largest effect. Business investment fell because profits fell and -- to a lesser extent -- because the yield on equities rose. Residential construction fell because the stock of housing four years previously was high. Inventories fell because sales fell. But wages, profits, and sales all fell because consumption and investment fell." (Temin 49)
All of these cascading events could and to some degree are occurring today and the cascading effect will likely result in economic fears and realities, "…under freely-competitive capitalism, periods of boom and overproduction were followed by downturns which 'corrected' prior imbalances via falling prices" (Burkett 60) All of the economic events….
Badger, Anthony J. The New Deal: The Depression Years, 1933-1940 New York: Ivan R. Dee, 2002.
Brummer, Alex. "It's Still the Economy, Stupid: Reckless Lending in America Is Giving the World Markets the Jitters. But in Washington, the Big Worry for Presidential Hopefuls Is Who Benefits Most from an Election-Year Recession." New Statesman 5 Nov. 2007: 20.
Burkett, Paul. "Forgetting the Lessons of the Great Depression." Review of Social Economy 52.1 (1994): 60.
Byrne, J. Peter, and Michael Diamond. "Affordable Housing, Land Tenure, and Urban Policy: The Matrix Revealed." Fordham Urban Law Journal 34.2 (2007): 527.
In the future, the politicians could support an agenda promoting the national manufacturers in an attempt to reduce imports and increase exports. The direct impact for the mechanic could be that he might have more work in the future.
Another example of how the book is useful is given by the need or desire to understand the features of the contemporaneous economic crisis. Despite the fact that the media present apocalyptic stories of today's financial challenges, a reading of Clayton and Giesbrecht's book would reveal that the economy has often been confronted with challenging times and that times of economic boom and recession are normal. Otherwise put, a Guide to Everyday Economic Statistics would help the reader understand the cyclic character of an economy and he would as such be less pessimistic. Listening only to the media coverage of one bankruptcy following another would definitely take a negative toll on….
economic recession, its impact on the markets, businesses both large and small, on the private and public sectors and its contribution to the unemployment predicament. It analyses the…Read Full Paper ❯
economic recession, coupled with a federally mandated raise in the minimum wage, affect the demand for McDonald's fast food? How do fluctuations in the cost of feed for…Read Full Paper ❯
High unemployment and an economic recession in the United States both have strong effects on the selection decisions of companies. This is due to the fact that companies want…Read Full Paper ❯
BAILOUT OF ALL STREET VS. THE INDIVIDUAL HOMEONER BAILOUT Economic Bailout of all Street vs. the Individual Homeowner Bailout Proposal Homeowners are always interested in safe financial arrangements regarding their mortgage…Read Full Paper ❯
1. Briefly describe central banks’ response to global financial crisis. When recessions and other economic problems strike, one of the main responses that is seen from the economies involved is…Read Full Paper ❯
Conclusion Each of the four economies studied suffered somewhat from the economic downturn. The differences between the severity and length of recession in each country will inevitably be affected by…Read Full Paper ❯
In order for this to happen there must be a lot of industrial production happening. If you look at the history of industrial production, when ever there has…Read Full Paper ❯
As Taibbi shows, it is not easy: "I'm going to say something radical about the Tea Partiers. They're not all crazy. They're not even always wrong. hat they…Read Full Paper ❯
Drama - World
Many businesses could no longer operate in this fashion and likely closed their doors leading to a rise in unemployment. This is an example of the rule that…Read Full Paper ❯
Literature - Latin-American
He also said that it was high time that every person in the world stopped being economically defensive and started to become politically courageous. At the same summit,…Read Full Paper ❯
Economics Growth The retailer sector was lately affected by the back-to-school shopping season, which did not start so well, as midprice department stores, discounters and specialty-apparel retailers announced disappointing sales…Read Full Paper ❯
Edgar Hoover, makes public its continuing investigation into the activities of black nationalist organizations, singling out the Black Panther Party in particular, Hoover viewing the group as a…Read Full Paper ❯
This mindset was made possible by their intensive investments in new technologies that made transactions inherently unauditable and untraceable by the Securities and Exchange Commission and other governance…Read Full Paper ❯
"Construction -- which was a substantial component of investment -- fell because the housing stock exceeded the demand after 1925. " (Temin 9) Termin goes on to say…Read Full Paper ❯
In the future, the politicians could support an agenda promoting the national manufacturers in an attempt to reduce imports and increase exports. The direct impact for the mechanic…Read Full Paper ❯