economic crisis presentation

economic crisis presentation

How Can We Wither This Economic Crisis

In this economic doom and gloom we can keep on waiting for the tide to come and sway us to the happy times OR we can work to change its direction. There is so much negativity in the marketplace; trust in international transactions is at their lowest ebb. Financial Institutions are falling, big companies are going through the crisis, people are losing jobs, Share Markets are down and everyone is finding solace by blaming USA / developed Nations / Sub Prime Mortgages/ ineffective regulations/ collective greed etc.

As they say, there is always an opportunity in crisis, we can make the difference and there is a dire need to do something and get over the present uncertainty.

We all know that there is a need for big infrastructure spending by Governments to provide stimulus to the economy. Governments are looking in their treasury and coming up with the schemes. India was hoping for private equity to prop up investment in Infrastructure but current scenario has made this very difficult. We are looking for directions from our leaders and they are seemingly doing their bit.

We take pride in being a part of a Nation which has done well in past few years. Most of us are adept to come out of difficult circumstances and leave our mark. We all do work for long hours and take holidays rarely. Indians overseas have done very well and are appreciated for their hard work and ethics. True, there are still numerous problems, economic disparity, no social security, corruption, bad state of public sector, terrorism are just few of them.

Lack of law enforcement agencies, corrupt politicians/ bureaucrats tend to make things difficult. The need of the hour is better and effective leadership. For a change, why can’t Indian Public / media try to put some ideas together and insist Government to implement few of those?

Well, I was just wondering that every one of us knows that there is so much black money in India. Unfortunately, most of the politicians, rich and middle class people have accumulated money for which tax has been evaded or which is unaccounted for. There had been few instances in the past of bringing that money into the mainstream and those were moderately successful.

I was just thinking, why can’t Indian Government start “The India Development Fund “, put some money / resources into that fund and then market that as a fund which will be overseen by panel of some of the most distinguished Indian personalities (like Mr. Kalam, Mr. Narayan Murthy etc). Once transparency and accountability in set up/ functioning of that fund and expenditure from that fund is ensured insist Indian population, including politicians, industrialist & bureaucrats, everyone to put some of their black money into it to turn the other part of that money into white. A receipt of the money they deposit shall be given and people will not be asked for the source of x times the money they deposited into that account. Meanwhile along with this package, Income Tax / Sales Tax/ Government earnings enforcement departments enhance their vigil to unprecedented level. Soon, there will be enough money which can be used to fund for the building of roads, schools, hospitals, public transport etc. Enough jobs to keep people employed.

Well, how simple this sounds but I am aware that this is not going to happen as we live in a place where our roots have gone corrupt, people need to pay money to get the rightful thing done, Leaders who should be laying out the policies for better future and regulating agencies for better governance are busy accumulating money. All political parties look for myopic gains and can go to any extent for getting into power. They hinge to their market segment & try to gain maximum out of that. Votes on the name of Religion, cast and social strata is more important than fighting for the real issues like Poverty, Economic disparity, illiteracy.

Well, Woh din kabhi to aayega___ when things will change. By that time we can keep the candle of hope alight.

Sounding like a cynical, well I am; but for the love of me I want to see India at the top of everything. Alas, we are not learning from our mistakes and are not pushing our Government to act in a fair and effective way. Can’t we change and be a bit more demanding from the Government, Can’t we do our bit and try to follow the honest approach and don’t pay to come out of the queue, paying for something which should be done as per the norms by a public servant is a crime and still we commit that. We assume that things don’t move otherwise. Well, we have selected, where we are today and we will choose where we will be in future, I just pray that our collective strength help us select the right leaders.

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US Economy Crisis / Recession Help?

Hi, i was to make a presentation about the US Economic Crisis/Recession. And i have been looking thru some web sites, but it seems am not finding what am looking for. I would like to know what are the reasons that US is facing this crisis, and why. And also theories that led you this to this conclusion. if you have a website that you could recommend to help me with this homework i would really appreciate it.

thank you

The recession and the crisis are not the same things although they are related. The crisis is in the financial market because banks and other financial institutions make reckless decisions about lending and even more about how the handle the mortgage debt they owned. ( see mortgage securities and credit default swaps) which lost so much money when home prices fell, many became insolvent.
The recession would have happened even without the financial crisis, although the crisis has made things a lot worse. The fall in home prices and the rise in gas prices were enough to cause the economy problems. It is estimated the people spend 5 cents for every dollar the market value of the house changes, so the bubble in the price of housing increased consumer demand when prices were rising and decreased consumer demand as they fell. This caused the economy to grow rapidity until 2007 but it began to decline since then and the sudden spike in the price of gas added to the slow down in consumption of other goods. Since the housing in the US has a value of 10′s of trillions of dollars 5% of the value is big change of consumption.

http://latimesblogs.latimes.com/laland/2008/09/credit-suisse-h.html

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