Financial crisis
hideThe term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.
Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.
For more information about Financial crisis, read the full article at
Wikipedia.
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News tagged with economic crisis
Lenovo buying back mobile phone business
Nov 27, 2009 |
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(AP) -- Personal computer maker Lenovo Group said Friday it is joining the race to develop products that link phones and PCs by buying back a mobile phone business that it sold last year.
Strategic management theory offers fresh take on the economic crisis
Nov 24, 2009 |
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The recent financial crisis and resulting global economic downturn has been the most defining global economic event since the Great Depression. Now research which appears in the November issue of Strategic Organization, publis ...
Microsoft raises cloud computing concerns
Nov 05, 2009 |
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Packaged software powerhouse Microsoft on Thursday released a paper outlining privacy concerns businesses should consider prior to leaping into the computing "cloud."
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Study: Credit crisis, debt load a double whammy for investment
Nov 09, 2009 |
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Firms with heavy long-term debt that came due amid the nation's recent credit crisis slashed investment more than three times as much as companies whose paybacks ducked the meltdown, a new University of Illinois study found.
Racial segregation key factor in subprime lending
Nov 06, 2009 |
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(PhysOrg.com) -- New study examines impact of segregation on the prevalence of high-cost loans in U.S. metro areas. Subprime loans disproportionately located in segregated areas.
North America automobile sector bottom of 'world sustainability league'
Oct 30, 2009 |
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North American car manufacturers have come bottom of the league in the largest ever international study of the global automobile sector's sustainability performance.
Only tax increase can cure Illinois budget woes, study says
Nov 18, 2009 |
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Tax increases are the only solution to a widening budget crisis that a new study says has landed Illinois among the nation's most financially troubled states, a soon-to-be-released report by a team of University of Illinois ...
Professor: Fear, Shame Keep Homeowners From Defaulting
Nov 05, 2009 |
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(PhysOrg.com) -- Brent T. White, a University of Arizona associate professor of law, said policymakers must consider ways that emotions drive financial decisions.
Lessons from oil industry may help address groundwater crisis
Oct 30, 2009 |
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Although declining streamflows and half-full reservoirs have gotten most of the attention in water conflicts around the United States, some of the worst battles of the next century may be over groundwater, ...
'Cloud' computing market 14 bln dollars by 2014: Gartner
Nov 09, 2009 |
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Industry tracker Gartner forecast on Monday that revenue from Internet-based "cloud computing" will top 14 billion dollars annually by the end of 2013.
Fossil fuel CO2 emissions up by 29 percent since 2000
Nov 17, 2009 |
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The strongest evidence yet that the rise in atmospheric CO2 emissions continues to outstrip the ability of the world's natural 'sinks' to absorb carbon is published this week in the journal Nature Geoscience. ...
Chinese agencies fight for control of Web game
Nov 04, 2009 |
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(AP) -- Chinese regulators are fighting over the right to oversee "World of Warcraft," a popular online game, in a bizarre battle that has thrust bureaucratic rivalry for control of the Internet into the open.
Hydrogen milestone moves energy independence one step forward
Nov 10, 2009 |
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(PhysOrg.com) -- Big things often come in small packages. That's certainly the case with the potential created by recent successes in hydrogen research at Idaho National Laboratory.
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