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
New plan to reduce planes' CO2 emissions
Mar 31, 2009 |
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(AP) -- Aviation groups in Europe announced a plan Tuesday to change the way commercial planes land in order to reduce their global-warming emissions of carbon dioxide.
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.
'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.
Ford's last-minute cold feet put emissions deal at risk
May 20, 2009 |
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It had taken weeks of hardball negotiations, but by Sunday afternoon White House officials thought everything was falling into place. In less than 48 hours they would unveil a landmark deal with U.S. automakers to impose ...
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 ...
Families are feeling the stress of economic crisis, researcher finds
Other Sciences / Social Sciences
Mar 12, 2009 |
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There is no question that the recent economic crisis has wreaked havoc on companies and on families across the country. Now, a recent study of 300 married, working couples conducted by Wayne Hochwarter, the Jim Moran Professor ...
Online auto lease-swap market grows
Mar 27, 2009 |
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When Hollywood scriptwriter Scott Nimerfro needed a car to bridge stints between his job in Los Angeles and his home in Cottage Grove, he didn't bother cruising car lots. Instead, he went to LeaseTrader.com and took over ...
China first out of global financial crisis, says leading expert
Jul 28, 2009 |
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China is the first major economy to start emerging from the global economic crisis, according to Dr Nicholas Lardy, Senior Fellow at the Peterson Institute for International Economics at Washington DC. This ...
More 'McBang' for your 'McBuck'
Jul 14, 2009 |
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McDonald's seems recession-proof, its profitability apparently untouched by the newest economic crisis to hit America. Though the average family may not be able to eat out in style, they can afford a Dollar Menu double cheeseburger ...
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, ...
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.
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 ...
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 ...
As finances fall, fewer know the drill
Feb 19, 2009 |
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Some dentists are warning that, just as the recession has eroded the nation's job and stock markets, it's also causing another kind of decay.
