Global financial crisis of 2008–2009
hideThe global financial crisis of 2008–2009 began in July 2007 when a loss of confidence by investors in the value of securitized mortgages in the United States resulted in a liquidity crisis that prompted a substantial injection of capital into financial markets by the United States Federal Reserve, Bank of England and the European Central Bank. The TED spread, an indicator of perceived credit risk in the general economy, spiked up in July 2007, remained volatile for a year, then spiked even higher in September 2008, reaching a record 4.65% on October 10, 2008. In September 2008, the crisis deepened, as stock markets worldwide crashed and entered a period of high volatility, and a considerable number of banks, mortgage lenders and insurance companies failed in the following weeks.
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News tagged with global financial crisis
The global financial crisis is bad for more than just your pocket
Nov 16, 2009 |
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One in four Australian adults has taken an action that puts their health at risk as a result of the global financial crisis (GFC), according to a new MBF Healthwatch poll.
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American Express takes aim at PayPal with Revolution
Nov 22, 2009 |
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With its deal to buy Revolution Money, American Express is taking aim at the growing market for online and alternative payments, in a challenge to recognized leader PayPal, analysts say.
Sony hopes online service will build brand loyalty
Nov 20, 2009 |
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(AP) -- Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said Friday.
Projections of savings from health IT are baseless, researchers say
Nov 20, 2009 |
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The increased computerization in U.S. hospitals hasn't made them cheaper or more efficient, Harvard researchers say, although it may have modestly improved the quality of care for heart attacks.
Recession may be over, but recovery will be gradual
Nov 19, 2009 |
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(PhysOrg.com) -- With the severe national recession of the past two years finally behind us, the pace of economic recovery will be slow and unemployment will remain high for quite some time, say economists at the University ...
Semiconductor giant Infineon upgrades outlook
Nov 19, 2009 |
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German semi-conductor maker Infineon on Thursday upgraded its turnover and profits forecast over the next 12 months because of higher demand from the auto industry and cost cuts.
Sony chief executive outlines turnaround plan
Nov 19, 2009 |
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(AP) -- Sony said it aims to be profitable in gaming and flat-panel TVs by the fiscal year ending March 2011, pushing 3-D technology as a way to showcase its strength in entertainment and surface from deep ...
Full recovery now possible for an 'untreatable' mental illness
Nov 19, 2009 |
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Patients coping with the chaos and misery of Borderline Personality Disorder now have reason for strong confidence in making major life changes through a new treatment, Schema Therapy. For the first time, three major outcome ...
Experts: Failure to focus on farming will undermine global climate agreement and increase hunger
Nov 18, 2009 |
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Alarmed by a substantial oversight in the global climate talks leading up to the United Nations Climate Change Conference in Copenhagen next month, more than 60 of the world's most prominent agricultural scientists and leaders ...
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 ...
4 in 10 US families lack money for essential household expenses when unemployed
Nov 17, 2009 |
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Today the Institute on Assets and Social Policy (IASP) at Brandeis University's Heller School released a new research and policy brief which reports that four in ten U.S. families lack sufficient assets to pay for essential ...
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