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
The world's next economic hot spot?
Dec 21, 2009 |
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(PhysOrg.com) -- A bailout by neighboring emirate Abu Dhabi has apparently stabilized Dubai’s financial crisis. But the longer-term economic impact—on Dubai and other nations—could grow more serious.
Report: Arizonans make good neighbors, but not good citizens
Other Sciences / Social Sciences
Dec 16, 2009 |
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(PhysOrg.com) -- Polls consistently show that Arizonans take pride in their state, enjoy their quality of life, and like and trust their neighbors. Yet despite such positive outlooks, the percentage of Arizona citizens who ...
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.
Soft PC sales send Microsoft profit down 29 pct
Jul 23, 2009 |
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(AP) -- Microsoft Corp. said Thursday its profit in the last quarter plunged 29 percent because of weak computer sales, ending a fiscal year in which the software maker's revenue fell for the first time since ...
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."
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 ...
Overfishing: Are there really plenty of fish in the sea?
Oct 12, 2009 |
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Years before an economic crisis taught everyone the risks of runaway growth, marine fishermen and fishery managers were already getting a crash course.
Africa world's fastest growing mobile phone market
Oct 23, 2009 |
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(PhysOrg.com) -- Mobile phone subscriptions in Africa have defied the world economic crisis by growing faster than in any other region of the world since 2003, according to a United Nations report published ...
Next season on the box? Cheap and light TV
Sep 29, 2009 |
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Cash-strapped couch potatoes forced to stay in thanks to the global economic crisis next season will be dished up platters of light low-cost entertainment as TV networks chase rare advertising revenue.
Study: Financial windfalls hasten early retirement
Other Sciences / Social Sciences
Aug 13, 2009 |
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Older workers who get a jolt of cash out of the blue are more likely to cash in on early retirement, according to new research led by two University of Illinois finance professors.
Do the media lead entrepreneurs astray?
Other Sciences / Social Sciences
Aug 26, 2009 |
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If you're looking for reliable information, then you won't necessarily find it in the newspaper. According to Dr. Susan Glover from the University of California in the US, public information from both informal and written ...
PC maker Lenovo reports loss amid weak demand
Aug 06, 2009 |
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(AP) -- Lenovo Group, the world's fourth-largest personal computer maker, reported a $16 million quarterly loss Thursday and said it faces pressure from weak global demand and intense competition.
For struggling single moms, 3-generation households are better than 2
Other Sciences / Social Sciences
Aug 03, 2009 |
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Living in a three-generation household can significantly enhance the economic well-being of children, according to a new study from researchers at the University of Southern California and the University of Massachusetts, ...
Software testing market resilient despite crisis: report
Mar 11, 2009 |
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The worldwide market for computer software and systems testing services is projected to reach 56 billion dollars by 2013 despite taking a hit from the global economic crisis, a report said Wednesday.
'Unfunded liabilities' a financial myth, expert says
Apr 01, 2009 |
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A growing chorus of complaints about the U.S. government’s “unfunded” debts may be unsettling, but no cause to become unnerved, a University of Illinois tax expert says.
