Study Document
… terms of inflation (caused by the injection of $4 trillion worth of liquidity into the financial markets by the Federal Reserve after the global economic crisis to derail capitalism). It describes what has been written in three news articles in recent years and months, and discusses them with … Federal Reserve along with the other central banks of the world engaged in unconventional monetary policy aka quantitative easing in response to the global economic crisis 2007-2008, asset prices have increased exponentially—whether one is looking at the S&P 500, housing costs, healthcare costs, education costs, or even precious … as small businesses are showing signs of slowing down: “Hampering job growth are labor shortages, layoffs at bricks-and-mortar retailers, and fallout from weaker global trade.” In other words, the takeover of commerce by Amazon is resulting in traditional retailers being put out of business, and the Trade … states……
References
BBC. (2019). US economy under Trump: Is it the greatest in history? Retrieved from https://www.bbc.com/news/world-45827430
Bernstein, J. (2019). A tight job market is a potent force against inequality and wage stagnation. Retrieved from https://www.washingtonpost.com/outlook/2019/02/01/tight-job-market-is-potent-force-against-inequality-wage-stagnation/?utm_term=.0a531cf24efb
Cox, J. (2019). Private payroll growth tops estimates as job market shows signs of tightening. Retrieved from https://www.cnbc.com/2019/07/31/private-payrolls-up-156k-in-july-vs-150k-est-adpmoodys.html
Harwood, J. (2019). 5 reasons why income inequality has become a major political issue. Retrieved from https://www.cnbc.com/2019/06/05/5-reasons-income-inequality-has-become-a-major-political-issue.html
Study Document
… 2008 changed everything. Now the central bank’s only policy is to continue to inflate the asset bubble or risk bringing down the entire global financial system when confidence in that system evaporates.
Conclusion
By trying to intervene in the markets through the manipulation of inflation rates in ……
References
Amadeo, K. (2019). Unemployment rate by year since 1929 compared to inflation and GDP. Retrieved from https://www.thebalance.com/unemployment-rate-by-year-3305506
FRED. (2019). FRED Graph. Retrieved from https://fred.stlouisfed.org/series/LNU04000024#0
Friedman, M. (1977). Nobel lecture: inflation and unemployment. Journal of political economy, 85(3), 451-472.
Heller, R. (2017). Monetary mischief and the debt trap. Cato Journal, 37(2), 247-261.
Lucas, R. E., & Rapping, L. A. (1969). Price expectations and the Phillips curve. The American Economic Review, 59(3), 342-350.
Stiglitz, J. (1997). Reflections on the natural rate hypothesis. Journal of Economic Perspectives, 11(1), 3-10.
Wulwick, N. J. (1987). The Phillips curve: which? whose? to do what? how?. Southern Economic Journal, 834-857.
Study Document
… role in managing loan products, using interest rates to attract savers, and offering investment advice. “No single risk associated with the COVID-19 pandemic crisis can be managed in isolation,” as Beasley (2020) points out (p.2). This means that from an ERM perspective the problem has to be … could be bundled and sold to investors: that was the idea that helped fuel the home buying spree leading up to the 2008 global economic crisis. The bubble burst when creditors began defaulting on loans and the price of credit default swaps skyrocketed. Moral hazard came back to bite ……
References
Beasley, M. (2020). How to Leverage ERM Principles to Better Respond to COVID-19-Related Risks. ERM Professional Insights.
Derysh, I. (2020). Watchdog questions why Wells Fargo reported giving only one large PPP loan to a Black-owned business. Retrieved from https://www.salon.com/2020/07/22/watchdog-questions-why-wells-fargo-reported-giving-only-one-large-ppp-loan-to-a-black-owned-business/
English, C. (2020). Wells Fargo Forced to Cut Its Dividend After Fed Stress Test. Here’s What Other Banks Did. Retrieved from https://www.barrons.com/articles/wells-fargo-forced-to-cut-its-dividend-after-fed-stress-test-51593467664
Hall, J. (2007). Internal Auditing and ERM: Fitting in and Adding Value. Retrieved from https://global.theiia.org/about/about-the-iia/Public Documents/Sawyer_Award_2007.pdf
Kaplan, R. & Mikes, A. (2012). Managing risks: A new framework. Harvard Business Review, 3.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
Lundqvist, S. (2014). Abandoning Silos for Integration: Implementing Enterprise Risk Management and Risk Governance. Lund University.
Morgenson, G. (2020). More Wells Fargo customers say the bank decided to pause their mortgage payments without asking. Retrieved from https://www.nbcnews.com/business/personal-finance/more-wells-fargo-customers-say-bank-decided-pause-their-mortgage-n1234610
Study Document
… (Vaughan & Vaughan, 2013). This goes to show the extent to which foreign companies have grown in the insurance industry thanks to the global of insurance but also to the spread of wealth throughout the world. Insurance companies and finance go together as the former depends upon … companies and finance go together as the former depends upon the latter for return on investment (ROI). Part of the problem with the global of insurance is that everything has been global—right down to investable markets. Since 2008, central banks around the world have lowered rates to the point that it is impossible for insurance … point that it is impossible for insurance funds to obtain a targeted ROI without investing in risk assets. Likewise, regulatory bodies have gone global as well with organizations like the Common Framework for the Supervision of Internationally Active Insurance Groups (IAIGs) also known as ComFrame.……
References
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html " target="_blank" REL="NOFOLLOW">
Study Document
… Irish company view director remuneration as a result of share repurchases as a case of conflict of interest or as immoral. As the global economic crisis 2007-2008 showed, when immorality is introduced into the financial system, moral hazard can quickly escalate to the point beyond where effective risk ……
References
Bendix, R. (1974). Inequality and social structure: a comparison of Marx and Weber. American Sociological Review, 149-161.
Chan, R., & Hoy, M. (1991). East—West joint ventures and buyback contracts. Journal of International Economics, 30(3-4), 331-343.
Choi, C. J., & Maldoom, D. (1992). A simple model of buybacks. Economics Letters, 40(1), 77-82.
Durkheim, E. (1997). The Division of Labor in Society. NY: The Free Press.
Egan, M. (2018). Tax cut triggers $437 billion explosion of stock buybacks. Retrieved from https://money.cnn.com/2018/07/10/investing/stock-buybacks-record-tax-cuts/index.html " target="_blank" REL="NOFOLLOW">
Study Document
… their elders as “boomers” and have no problem mocking the elderly for what appears to them to be cognitive decline.
Historical, Political, Social, economic and Cultural Factors Regarding Age
In older societies age was revered and one was taught to respect one’s elders. This was the customary … people should mind their manners. The cultural barriers for place and respect were disintegrated all over the world (David, 2018).
However, with 2008 global economic crisis, many older persons who ordinarily would have retired continued on working in the workplace, fearing that their economic futures were not secure. Thus, the workforce is aging in the 21st century (Heggeness, Carter-Johnson, Schaffer, & Rockey, 2016). This means that there … it is not something that always comes up when the discussion turns to diversity. There are many factors that influence diversity—race, ethnicity, gender, socio-economic status—but age is often left off that list, which……
References
Albom, M. (2019). Jabs at Joe Biden mask our growing ageism issue. Retrieved from https://www.chicagotribune.com/lifestyles/sns-201909161301--tms--tuemitchctntm-a20190916-20190916-story.html
David, K. E. (2018). The Poster Child of the “Second” Cultural Revolution: Huang Shuai and Shifts in Age Consciousness, 1973–1979. Modern China, 44(5), 497-524.
Heggeness, M. L., Carter-Johnson, F., Schaffer, W. T., & Rockey, S. J. (2016). Policy implications of aging in the NIH-funded workforce. Cell Stem Cell, 19(1), 15-18.
Landeiro, F., Barrows, P., Musson, E. N., Gray, A. M., & Leal, J. (2017). Reducing social isolation and loneliness in older people: a systematic review protocol. BMJ Open, 7(5), e013778.
Lassila, S. (2019). Managing Risks of an Aging Workforce. Construction Executive, 2020. Retrieved from https://constructionexec.com/article/managing-risks-of-an-aging-workforce
Liu, S. J., Lin, C. J., Chen, Y. M., & Huang, X. Y. (2007). The effects of reminiscence group therapy on self-esteem, depression, loneliness and life satisfaction of elderly people living alone. Mid-Taiwan Journal of Medicine, 12(3), 133-142.
Lumen. (2019). Theoretical perspectives on deviance. Retrieved from https://courses.lumenlearning.com/sociology/chapter/theoretical-perspectives-on-deviance/
McLeod, S. (2018). Erik Erikson's Stages of Psychosocial Development. Retrieved from https://www.simplypsychology.org/Erik-Erikson.html
Study Document
How African Customary and Social Practices have been Utilized to Enhance Coping Strategies in Times of Crisis, focus on health pandemic
Background of the Study
Centuries before missionaries and colonialists arrived in Africa and centuries before the slave trade commenced, … African mechanisms helped to handle and manage health crises, it is believed that it was because the successful mechanisms took into account the socio-economic situation on the ground and wholesomely addressed the health crises and the related social and economic effects. Most of the mechanisms were initiated after elders or senior members of African societies met and discussed crises and suggested ways to … Improving survival and coping capabilities of African societies and communities through customary practices is quite important right now considering the volatile political and socio-economic conditions across the continent and the reports of starvation, extreme poverty, and violence in various areas throughout Africa.
Most studies on……
References
Abel-Smith, B., & Rawal, P. (1992). Can the poor afford ‘free’ health services? A case study of Tanzania. Health Policy and Planning, 7(4), 329-341.
Airhihenbuwa, C. O. (1995). Health and culture: Beyond the Western paradigm. Sage.
Fairhead, J. (2014). The significance of death, funerals, and the after-life in Ebola-hit Sierra Leone, Guinea, and Liberia: Anthropological insights into infection and social resistance.
Handler, J. S. (2016). Custom and law: The status of enslaved Africans in seventeenth-Century Barbados. Slavery & Abolition, 37(2), 233-255.
Iganus, R. B., & Haruna, A. (2017). The Strength of African Culture in Managing Family Crisis in a Globalized World. Anthropol, 5(197), 2332-0915.
Manguvo, A., & Mafuvadze, B. (2015). The impact of traditional and religious practices on the spread of Ebola in West Africa: time for a strategic shift. The Pan African Medical Journal, 22(Suppl 1).
Marsland, R. (2006). Community participation the Tanzanian way: Conceptual contiguity or power struggle? Oxford Development Studies, 34(1).
Patton, M. Q. (2014). Qualitative research & evaluation methods: Integrating theory and practice. Sage publications.
Study Document
… way, with 16.6% of U.S. COVID-19 deaths being among Latinos, according to data from the CDC (Despres). But they are also being hit economic as the lockdown is affecting their ability to do business, which is largely dependent upon contractual work, restaurant work, hotel work and other … created an additional hardship for the community on top of the health scare that is affecting them more than most other communities.
The economic implications of the coronavirus on the US are going to be big. So far some 30 million Americans have filed for unemployment (Tappe). … that the economy of the nation is being severely upset by the virus. However, Latinos are being affected the most because “before the global pandemic, Latino people in the United States represented an overwhelming majority of workers in low-wage jobs and were subject to the highest number … flows already tight, it means……
References
Despres, Cliff. “Coronavirus Case Rates and Death Rates for Latinos in the UnitedStates.” Salud America, 20 Apr 2020. https://salud-america.org/coronavirus-case-rates-and-death-rates-for-latinos-in-the-united-states/
Garcia, J. & Hellerstein, E. (2020). Undocumented workers face obstacles qualifying for benefits during the pandemic. Retrieved from https://calmatters.org/california-divide/2020/04/undocumented-workers-benefits-coronavirus/
Labor Council for Latin American Advancement. “The Impact of COVID 19 on Latinos in the US.” https://assets.website-files.com/5e5f2e17e96a34dcf9b586b4/5e984eab4dd4ffba712e7906_COVID%20_%20Report%20%5BFinal%5D%20for%20web.pdf
Manuel, Jens M. et al. “U.S. Latinos among hardest hit by pay cuts, job losses due to coronavirus.” PewResearch, 3 Apr 2020. https://www.pewresearch.org/fact-tank/2020/04/03/u-s-latinos-among-hardest-hit-by-pay-cuts-job-losses-due-to-coronavirus/
Tappe, Anneken. “30 million Americans have filed initial unemployment claims since mid-March.” CNN, 30 Apr 2020. https://www.cnn.com/2020/04/30/economy/unemployment-benefits-coronavirus/index.html
Study Document
… In Connection With the Structuring and Marketing of a Synthetic CDO” from the 2007 subprime mortgage scandal at the heart of the financial crisis of 2007-2008 (SEC, 2010). The specific charge was that the bank and Tourre made material misstatements and omissions in connection with a synthetic … might think: the bank is still recognized as one of the top financial leaders in the industry and its role in the financial crisis of 2007-2008 was not much different from the role of any of the…[break]…analyzed in this context, it could certainly be argued that Goldman’s … it could certainly be argued that Goldman’s settlement is out of proportion with the amount of pain the bank helped to cause the global economy. The settlement with the SEC was but a drop in the bucket of the bank’s overall annual revenue and can hardly be ……
References
Baer, J. (2014). Former Goldman Trader Tourre Won't Appeal Fraud Verdict. Retrieved from https://www.wsj.com/articles/former-goldman-trader-tourre-wont-seek-appeal-of-securities-fraud-verdict-1401221556
Huston, J. H., & Spencer, R. W. (2018). Quantitative easing and asset bubbles. Applied Economics Letters, 25(6), 369-374.
Lewis, M. (2010). The Big Short. NY: W. W. Norton.
McDonald, R., & Paulson, A. (2015). AIG in Hindsight. Journal of Economic Perspectives, 29(2), 81-106.
Murray, N., Manrai, A. K., & Manrai, L. A. (2018). The role of incentives/punishments, moral hazard, and conflicts of interests in the 2008 financial crisis. The bi-annual academic publication of Universidad ESAN, 22(43).
SEC. (2010). Litigation Release No. 21489 / April 16, 2010. Retrieved from https://www.sec.gov/litigation/litreleases/2010/lr21489.htm
Weisenthal, J. (2009). Goldman Sachs made billions shorting AIG. Retrieved from https://www.businessinsider.com/goldman-sachs-made-billions-shorting-aig-2009-3
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