The impact of financial crisis on five USA companies Essay

The impact of financial crisis on five USA companies - Essay Example However, subprime mortgage loans given to individuals with less than perfect loan carrying capacity and declining home prices coupled with structural changes in the United States economy that had built up a huge deficit in trading with the rest of the world caused the bubble to burst. This left many with write-offs worth many billions and assets whose real value had declined substantially. Because the mortgages converted into mortgage-based securities sold to many around the world, the financial crisis turned global. Businesses now faced a changed business environment, uncertainty and problems raising funds. This dissertation examines the impact of the financial crisis of 2007 – 2009 on selected businesses headquartered in the United States of America. According to the International Monetary Fund (IMF), the years 2008 – 2009 presented the world with the deepest global recession since the great depression and the most important of all reasons for this economic downturn was a global financial crisis (Berlatsky, 2010, Pp. 16 – 20). In an interlinked world, economic problems in one country were bound to have an impact on the others to threaten global financial stability. According to the previously mentioned author, prominent economists suggest that the United States economy that had been the envy of the world for many years now carried mountains of debt that endangered prosperity and the global economy. A desire on the part of Americans to own their homes had resulted in a massive increase in home prices in the United States of America and irresponsible lending at low rates of interest to many who were bad credit risks created a bubble involving rapidly increasing home prices that were to later collapse. In a market wit h collapsed property values, banks could no longer readily recover the amounts loaned to bad credit risks. Because many banks were involved in arrangements involving credit default swaps, the financial strains were to result in the collapse of

Why is education important to enlisted service members Essay

Why is education important to enlisted service members - Essay Example A service member’s removal from society during their term of service can be an incredible challenge to them, and free education can help diminish this problem. Like prison inmates, enlisted service people spend a great deal of their time sequestered from â€Å"normal† society – while on deployment they live by different rules and codes than they would back home. This can make re-transitioning into society extremely difficult, but education, which provides both paths to suitable employment on return and can provide perspective for a life in the military can help smooth these transitions between â€Å"normal† and â€Å"military† society. Another important reason to provide a free education to service members is the different skill qualities and career length they get from working in the armed services. The average military career is not a life-long one – most people choose to retire from this grueling career path relatively early in life (compared to other professions) some get out as soon as their first term of service is done, while some make it into their thirties and forties. When they retire, they often have a long and productive life ahead of them – but not necessarily that many skills that can translate directly to a new job placement. Yes, some gain technical skills in communications or maintenance, and of course they learn things like trust, team work and so on from working in the military but this may be of only limited utility. Education, either in the form of courses, certificates or anything else, can help enlisted people get a happy and productive second career in civilian life. Education may not be the silver bullet to all of humanities woes, but it can help smooth transitions between military and civilian life, leading to important long term benefits for the people who serve our country. Providing one hundred percent tuition assistance can help armed services members with their return to civilian and post