Global Financial Crisis Problems

Introduction In the beginning of 2007, the United States of America woke up to the financial crisis caused by the events in its housing market. This rapidly spread to other major world economies due to the international interbank relations that included interbank lending and so on. Major financial institutions failed the financial stress test and this led to a widespread panic among many firms.Advertising We will write a custom assessment sample on Global Financial Crisis Problems specifically for you for only $16.05 $11/page Learn More Smaller economies such as African countries and some Asian economies also felt the impact of the financial crisis and this led to a decrease in their economic growth rates (Economic Commision for Africa 3). This paper discusses the problem created by the global financial crisis and assesses the viability of the courses of actions taken to counter the problem. Issues caused by the financial crisis The financial crisis pain s were felt in practically all countries of the world. International financial sector was temporarily thrown into chaos as there was a breakdown of trust among many financial sector players. This resulted in a complete freezing of interbank lending which subsequently forced a collapse in the global securities exchange. The crisis also meant that developing countries’ economies recorded a negative growth. The growing economies’ stock market’s volatility went high and this resulted in significant loss of wealth in their stock markets. The crisis also caused a huge decline in the commodity prices of goods exported to the major economies such as Europe and America. The volume of Africa’s exports also went down because of the crisis. This was caused by retarded growth of the major export markets i.e. China, Europe, and the United States of America. This slow pace their economic growth meant that the demand for Africa’s exports went down resulting to Afr ican countries becoming net importers. Action plans to tackle the effects of the crisis Many countries have taken measures that are aimed at cushioning their economies against the negative effects of the global financial crisis. Monetary and fiscal policies have been the most common approaches among many countries in trying to reduce the negative effects of the financial crisis (Michael 28). Countries have moved to recapitalize financial institutions. This is aimed at ensuring that the financial institutions’ financial positions are strong to withstand liquidity problems. Some countries have enacted regulations that are aimed at doubling and even tripling the minimum capital requirement for financial institutions such as banks. This ensures that the banks financial positions with regard to liquidity are at a secure level.Advertising Looking for assessment on business economics? Let's see if we can help you! Get your first paper with 15% OFF Learn More The gover nments’ measures taken to curb the adverse effects of the crisis through monetary policies have however been largely criticized as non visionary steps that are aimed at saving current situations at the expenses of future’s (Economic Commision for Africa 4). This is because major steps taken in the short-run results in long-run inflation problems. Governments that have reduced taxes to increase consumption by their citizens often create future problems of inflation. Most of these measures taken or that are being considered involve financial commitments. Most of the developing economies face the financial constraint in that they have limited resources to commit to all these causes of actions (Michael 29). This has caused a lack of sustainable solution in tackling the negative effects of the crisis. This situation is rapidly turning from a financial crisis to a potential humanitarian crisis. Conclusion The effects of the global financial crisis need to be addressed region ally and internationally since single government measures prove to be insufficient. Smaller and emerging economies also need a great deal of help so as to prevent the effects of the financial crisis from turning to a humanitarian crisis. If these measures are taken, the viability and sustainability of the courses of actions will become more achievable to both the developing and developed economies. Works Cited Economic Commision for Africa. â€Å"Meetings of the AU Conference of Ministers of Economy and Finance and ECA Conference of Ministers of Finance, Planning and Economic Development.† Twenty-eighth meeting of the Committee of Experts (2009): 2-15. Michael, W. â€Å"Macroeconomics of the Global Financial Crisis: Monetary and fiscal Responses.† Oxford review of Economic Policy 26.1 (2010): 32. This assessment on Global Financial Crisis Problems was written and submitted by user Paige Key to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

How to Make the Most of Your Entry Level Job

How to Make the Most of Your Entry Level Job It’s no secret that an entry level job probably isn’t the fulfilling job of your dreams, where you get to do something you love while you make bank. These jobs are, by necessity, an experience-building step so that you can make connections, get experience, and bulk up your resume for better opportunities. So while it may feel like a slog when you feel frustrated with menial tasks or with being the most junior person in the office, it’s important to power through. 1. Reasons Not to Waste Your Time2. How to Get the Most Out of an Underwhelming JobReasons Not to Waste Your Entry-Level TimeThough it may not seem like you’re doing Earth-shattering work in your role, you shouldn’t be discouraged, or take the experience for granted as you put in your time in the trenches. Here are 5 reasons why you should be super-proactive during your time as an entry-level employee.1. You don’t want to get stuck.What’s that old saying about those who donâ⠂¬â„¢t learn from history being doomed to repeat it? It’s on you to push yourself to the next level(s) of your career. If you don’t take your time as a lower-level employee seriously and start gathering the tools and resources you need to move on eventually, you could end up staying in this entry-level role for an uncomfortably long time. Years can have a way of sneakily passing on you, and you really don’t want to get five years into your career and be in the same spot where you started. Even if you just started your entry-level job, start thinking about how it may relate to your next2. Your time is valuable.Even when it feels like you’re just punching the clock or keeping a seat warm in case someone needs you for a task, it’s not free time. If you can take meaningful skills and experience from your role, it’s not a matter of just sitting through your days until you get to some magical time threshold. Your days should count, which means you r hours spent at work should count too, no matter what you’re doing.3. You’re doing work that needs to get done.If your role weren’t necessary, wouldn’t the company find other ways to get the work done? You were hired because you bring a certain level of skills and potential, and the company thought you were a good bet to do this work. Remember that, even when it feels suspiciously like you’re doing things that a moderately-trained helper monkey could do. You’re doing tasks that free up others in the company to get their work done- and you shouldn’t discount your importance as a part of that process, no matter how unglamorous that work might be. For example, writer Trent Hamm literally shoveled dirt all day long in his first job. Fun? Nope. A necessary evil for his company’s bottom line? You betcha.  4. It’s not an internship.You’re there to learn, in the sense that you’re just starting out, but youâ€⠄¢re also being paid to perform a function. This change in mindset can be a subtle one (especially if you were the intern a year ago), but it’s important to start thinking of yourself as being on your career path now, not just doing prep work anymore.5. It’s not forever.The day feels long, sure- especially if the projects you enjoy doing are rare and secondary to more tedious tasks. But the beauty of the entry-level job is that at some point, you will have what you need to move on and seize other opportunities. It may take a year or several to build what you need for your next steps, but there is light at the end of that tunnel.Once you start thinking about your entry-level time as a transition period (albeit one without a specific expiration date), it helps you get into the right mindset for making the most of that time.How to Get the Most Out of an Underwhelming JobBut how does one do that, you ask? It’s great to have the mindset of â€Å"I need to take advan tage of my time,† but that can be†¦unclear. Let’s look at some strategies for seizing that work day.Be positive.If you wake up every day and tell yourself how much the day is going to suck, guess what? Your day is going to suck. Instead of thinking about how boring your day will be, or how much you’d rather be doing something (anything) else, come up with three things you want to accomplish at work that day. It doesn’t have to be huge accomplishments- maybe it’s cleaning out a supply cabinet that’s been driving you crazy. Or maybe it’s as simple as having a conversation with a colleague. If you have a set of purposes throughout the day, and you hit those mini-goals, you’ll end your day on a more satisfied note.RELATED:  10 Ways to Stay Positive About Your First Job Out of CollegeSeek out the perks.Does your company offer a discount, or free tickets to local events? Back when I was an editorial assistant with a thankless s et of tasks and even lousier pay, one saving grace was having access to my company’s books for free. And even when I wasn’t interested in the books themselves, it was great to have them as a resource (read: gift/bribe) for friends and family who were. It was a nice perk to have, even when I despised my job some days. Even if it’s just free bagels once a week in the break room, or an employee discount at a store, take advantage. If your entry-level job is like most of ours, the salary isn’t huge, so free/cheap stuff can go a long way. Perks can make it more bearable to go in day after day when you’re not feeling totally engaged in your to-do list.Build your skills.The skills you already have are great- after all, they got you hired in the first place. But will they get you to the next milestone in your career? The answer to that is â€Å"probably not.† No matter where we are in our careers, we can always pick up new skills or spiff up the one s we have. If you’re trying to figure out which skills you should work on, do a little research into what people a little further along on your career path have, by looking at job listings.  RELATED:  13 Skills You Need to Put on Your ResumeYou can start building those skills in a very straightforward way: talk to people! Start conversations with colleagues you don’t know well, especially if you’re an introvert. Take opportunities to make presentations, or speak up in meetings. Learn as much as you can about what your company does, who does it, and what’s involved in those jobs. If your goal is to move beyond your entry-level job at some point, then taking your soft skills to the next level will help you achieve that faster.Don’t mess around.If you have a lot of down time during the day, don’t spend that time messing around on Facebook or playing Yahtzee on your phone. Find little things to do, like organizing. Talk to your boss about ot her things you can do to flesh out your responsibilities. You don’t want to go overboard to the point where you’re feeling overwhelmed, but if you have time to check your personal email, you have time to do other things. Remember: at this point in your career, you’re still looking to establish yourself. Your boss and others at the company will notice if you’re proactive in finding things to take on, rather than doing just the bare minimum required by your job description.Find a mentor.This might be your boss, or someone at the company who used to be in your role. You can ask this person for advice on how to handle challenges at work, or pick their brains on how to move forward in your field. It’s a great way to build relationships and your network, but also those communication skills as well. Plus, it can make you feel less alone if you’re feeling blah or unhappy about your job.Be punctual.That means no slipping through the door, slightly di sheveled, at 9:30 instead of your expected 9:00 start time. That means making sure you’re on time for meetings or scheduled time with coworkers. That means not blaming your commute four days out of five. Regularly showing up late is a very clear way to say â€Å"I don’t really care about this,† and people do notice, even if you don’t get in trouble for it. On the flip side, people also notice if you’re in and ready to go at 9:00, and appreciate it that you’re available when needed. It’s one of those â€Å"low effort, big return† investments in your work day.You will move on eventually, to a different job or a different company when you figure out what your next career step is. But in the meantime, make sure you’re getting everything you can out of this job. It’s important careerwise, but also for your sanity- what’s the point of going through all this if you’re just going to be unhappy? Maximizing yo ur entry-level job is also about maximizing your personal stake in it, and making it work for you.

Essay exam Example | Topics and Well Written Essays - 1250 words - 1

Exam - Essay Example There has been a subsequent increase in radioactive waste following the increase in the production of nuclear power. When inhaled, radioactive elements are lethal and can kill within a short time. Nuclear waste build up can be prevented by recycling and storing it geologically. Nuclear waste differs with radioactivity level from high, through intermediate to low level. High level nuclear waste is mostly liquid, and although it is small in terms of volume, it is the most dangerous. It results when radioactive spent fuel is reprocessed to separate useful fuel that can be recycled from waste. High-level nuclear waste could be disposed of in deep geological mines. Meanwhile, before a geological mine or a suitable disposal site can be found, high-level nuclear waste can be vitrified and stored in stainless steel canisters. Spent fuel should be dissolved in nitric acid and to give off uranium and plutonium (Hill 30). Intermediate waste is mixed with cement and stored awaiting disposal. Glo bal Climate Change Scientists have found that there is a gradual global climate change as seen in the increase, in world temperatures, shrinking of glaciers, early plant flowering, early breaking up of ice and shifts in plant and animal ranges. Severe droughts, increased tropical storms and rampant wildfires are among other projected effects of global climate change. There has been undisputed evidence that the global sea level rose to seventeen centimeters in the 20th century. It is particularly discomforting to learn that this could have doubled in the last decade. Since around 1880, global temperatures have been rising gradually. The period between 1981 and 2001 was marked as warmer than the previous decades. The past twelve years have recorded the highest temperatures as compared to previous years. Although there has been a significant decline in the solar output in the early 2000s, surface temperatures have not ceased to increase. Scientists have established that oceans have war med up to 0.302 degrees Fahrenheit from 1969. There has been a loss in mass in the Antarctic and Greenland ice sheets. Between 2002 and 2005, Antarctic lost about one-hundred and fifty-two cubic kilometers of ice while Greenland lost up to two hundred and fifty cubic kilometers of ice between 2002 and 2006. The ice on Arctic sea has greatly declined in the past few decades. Glaciers in Alps and Rockies among other places in the world have been noted to have retreated significantly. Places like the United States have witnessed increased temperatures instances and relatively low temperature instances since 1950. Unusually heavy rainfall instances have been recorded in different parts of the world. Studies have revealed that acidity of surface ocean water has gone up to about 30% since the Industrial Revolution. Carbon dioxide that has been released by people in their increased population has been absorbed into water bodies. Global climate change can be arrested by adopting behaviors t hat promote a healthy