The Global Financial Crisis ( Gfc ) - 3560 Words

The Global Financial Crisis (GFC) is considered by many, particularly economists, to be the most disastrous financial crisis since the Great Depression back in the 1930s. It was the systematic collapse several large financial institutions based on Wall Street triggered by the housing bubble burst, followed by immense market value drop in the Dow Jones and the US dollar. This led to a massive financial bailout carried out by the US government, called the Emergency Economic Stabilization Act of 2008, valued at up $700 billion dollars. This financial crisis, which occurred from 2007 to 2008 lead to the global recession, also known as the Great Recession which went on from 2008 to 2012. The effects or more specifically the financial effects that the Global Financial Crisis of 2007-2008 were many, all of which will be discussed in this analysis later on. But more importantly, were the factors involved which contributed to this financial crisis. To understand the financial crisis and the main factors that contributed to it, one has to back to where it all began, Wall Street. Housing was considered to be a very integral financial asset in the American socio-economic standing. As in many other countries and the cultures within them, owning a house is seen to be a sign of financial stability. The economy of the United States pre-GFC as in good shape, facing strong economic growth. A strong economic growth, coupled with a steady inflation rate allowed for a rise in income forShow MoreRelatedThe Global Financial Crisis ( Gfc )1087 Words   |  5 PagesThe Global Financial Crisis (GFC) began in July 2007 in the United States (US) following the decline in the countries already poor credit ratings and the subsequent collapse of the US housing market and prominent investment bank Lehman Brothers which sent a wave of fear around global economies including Australia and resulted in the largest drop in global economic activity in the m odern era. (W. McKibbin, A.Stoeckel, 2009, pg 1). During the years before the crisis there was a significant increaseRead MoreThe Global Financial Crisis ( Gfc )1761 Words   |  8 PagesFor me the Global Financial crisis (GFC) has been/is quite important because I remember the majority of what happened and is still going i.e. the aftermath of the GFC. However, I have never really looked at GFC from a study purpose point of view. Moreover, although I had followed the crisis in the news I had never really thought about the meaning of the financial terms like Collateralized Debt Obligation (CDO), derivatives and the International Monetary Fund (IMF), just to name few. Therefore, itRead MoreThe Term Global Financial Crisis (Gfc) Refers To The Financial1745 Words   |  7 PagesThe term Global Financial Crisis (GFC) refers to the financial crisis of 2008-2009 that, according to leading economists, is the worst financial crisis since the Great Depression (Eigner, 2015). The crisis began in 2007 due to a mortgage market failure in the U nited States and in the following year, with the collapse of the Lehman Brothers investment bank, advanced into an international banking crisis, which then developed into a global economic crisis, The Great Recession (Williams, 2010). ThisRead MoreGlobal Financial Crisis ( Gfc ) Affect On Coca Cola Company1477 Words   |  6 PagesHow Global Financial Crisis (GFC) affect on Coca-Cola Company and how the Coca-Cola Company used it to regulate that problem? The Coca-Cola organization is thought to be the world number one non-mixed refreshments organization, driving in assembling, advertising and circulation of its item. However, the Global Financial Crisis (GFC), influences all parts of the change procedure in the Coca-Cola company. The financial environment affects the way the materials are handled as well, going down to affectingRead MoreIs Fair Value Accounting Should Be Responsible For The Global Financial Crisis ( Gfc )2425 Words   |  10 Pages Introduction There is ongoing criticism on whether fair value accounting should be responsible for the global financial crisis (GFC). By incorporating the views from different interest groups and their unique insights towards the occurrence of global financial crisis this case study itself will give a broader overview of the causes of global financial crisis. 2.0 What is Fair Value Accounting? Fair value accounting, also known as market to market accounting is issued by FASB 2006 based onRead MoreNarrative Interview : The Global Economic Climate During The 2008 Global Financial Crisis ( Gfc )1083 Words   |  5 Pagesfather, James Trainor as the ideal candidate to provide a comprehensive recount of the global economic climate during the 2008 Global Financial Crisis (GFC). And how his experiences of economic fluctuations and policies during the GFC changed his perspectives and understandings of macroeconomic decisions, as well as their effects on the modern world. At the time of the Global Financial Crisis, James was the Global Head of Employment Tax for the Macquarie Group, one of Australia’s largest investmentRead MoreDiscuss the Importance of Ethics in Business in Light of the Recent Global Financial Crisis (Gfc)1119 Words   |  5 PagesThe 2008 global financial crisis has affected today’s economy severely based on the collapses on issues such as immoral practices, governance, regulations, enterprise ethics. Factors to consider with the collapse that lead to the financial crisis is the dangerous outcomes that financial companies were not foreseen in advanced of borrowing mortgages for the companies. The change of ethics through enterprises demonstrate how business approaches to ethics over the past years where ethics is seen inRead MoreIs fundamental analysis redundant in the period straight after (2007 to2009) the Global Financial Crisis (GFC)?2755 Words   |  12 Pagesmethodology†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 2 2.1 Theory†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.2 2.2 Cash flow model†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 2.3 Qualitative factors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..2 2.4 Quantitative factors†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦..3 2.5 financial statement†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦3 3. Application †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦. 5 3.1 Dow Jones †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.. 5 3.2 Company- Berkshire Hathaway INC†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦............. 6 3.2.1 Total assets turnover ratio†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Read MoreThe Problem Of Global Financial Crisis1122 Words   |  5 Pagesreceivables and other financial assets are pooled together, with their cash flows or economic values redirected support payments on related securities.† â€Å"Securitization first emerged in the 1970s with the sale of securities backed by residential mortIn the 21st century, economic problems have incurred an increasing number of people s attention as the economic develop rapidly, and these problems are usually caused by human themselves. For instance, the occurrence of Global Financial Crisis (GFC) in 2007 wasRead MoreThe Global Financial Crisis642 Words   |  3 PagesThe Global Financial Crisis has had a huge impact on the global economy. The American housing market collapses, the house price drops significantly and the bank is losing lots of mone y, however, people are not pursued in court for money or declared bankruptcy. People tend to spend less on the due to their houses worth less than the bank has loaned originally and some of them are still committed to clearing off their mortgages. This causes less activity in housing market and sales market, hence more

Health Of Health Information Technology - 994 Words

Health Informatics, or otherwise known as Health Information Technology, is the processing of information that involves both computer hardware and software that can store, retrieve and share healthcare information. Health Informatics uses methods of understanding and analyzing patient data to improve knowledge of healthcare decisions, problem-solving and patient care plans. Health Informatics is a fairly new technology but is continuously developing at a rapid pace globally. The goals of Health Informatics is to improve patient care, protect privacy, provide security, reduce medical errors, organize information, improve data exchange and provide standard data between healthcare facilities and workers. The history of Health Informatics is not very extensive considering in only began in the 1960’s but interest in the field increased dramatically in the 1980’s and continues to rapidly grow and develop in our modern times. In the 1950’s computers were being developed and brought to public attention but people were not thrilled about the idea of a machine that could potentially take their place of work by completing their jobs for them. By the 1960’s a variety of second generation computers were available to businesses, universities and the government. At this point in the early 1960’s patient care applications began to be included in select health care institutes computer systems. By the mid 1960’s computers were gaining more recognition and in 1965 Congress amended the SocialShow MoreRelatedHealth Information Technology1521 Words   |  6 Pages Introduction: Office of National coordinator for Health Information Technology (ONC) has funded this program to find breakthrough innovations in the field of Health Information Technology (IT). This research program was awarded $60 million and this program is divided into four focus areas. This program brings together researchers, healthcare providers, and other health IT sector stakeholders in order to transform the research products into practice. This program is designed to improve qualityRead MoreHealth Information Technology1586 Words   |  6 Pages The health industry has existed for a very long time ever since doctors bartered for chickens to pay for their services. Computers on the other hand in their modern form have only existed since the 1940s. So when did technology become a part of healthcare? The first electronic health record programs were created in the 1960s around the same time the Kennedy administration started exploring the validity of such products. Between the 1960s and c urrent administration there were little to no advancementsRead MoreThe Health Information Technology992 Words   |  4 Pagesthe finest for an inexpensive cost. Envisioning what would happen in health information technology in five years is stress-free, hence we live in a real world and achieving the finest and inexpensive cost are a complex plan. It would take meticulous planning, knowledge and skills to accomplish this progression and cost would be a factor, too. My chief focus is the administrative portion of the health information technology and the role that I would play in the implementation of this system. IRead MoreHealth Information Technology3876 Words   |  16 PagesHealth Information Technology : Quality Issues Author : Neha Salian Co-author : Malvika Hake Abstract Health IT is the technology that enables patients and providers to support better health and health care by providing targeted information meant to inform, educate or generally allow for improved decision making. With health care costs and quality assurance taking central roles in the health care arena, increasing attention is being directed towards the potential of health informationRead MoreHealth Communication And Health Information Technology3350 Words   |  14 Pages Health communication and health information technology are essential features in today’s advance healthcare systems. It has become an important portion to healthcare delivery, public health, and the way individuals access and utilize the healthcare systems in modern societies. Health communication and technology are influencing the way in which health professionals and the public interprets health information and makes meaningful decisions about health. There is no doubt that effective use of communicationRead MoreHealth Information Technology Impact Health Care1418 Words   |  6 PagesThroughout my interviewing process all aspects of health Information technology were discussed, and to my expectations the answers I received were somewhat expected. I interviewed a Registered Nurse who is currently employed by Covenant Healthcare with 20 years of experience, the mother of an infant who is very concerned about her kid’s health and believes it is a top priority, and a se nior citizen who recently lost his due to complications associated with his diabetes. For the first question, theRead MoreHealth Information Technology For Economic And Clinical Health1383 Words   |  6 Pageserrors, or accommodations that might not ameliorate their health – and may cost them more in copayments or coinsurance. As required by the Affordable Care Act, Health and Human Services (HHS) launched several initiatives to link payments more proximately with quality outcomes and promote value-predicated care. These reforms promote value over volume and ascertain that care is better coordinated across the healthcare distribution system (Health IT, 2013). As a result the government is looking to influenceRead MoreHealth Information Technology For Economic And Clinical Health1283 Words   |  6 Pagesthe U.S. Government passed The Health Information Technology for Economic and Clinical Health (HITECH) Act, as part of the American Recovery and Reinvestment Act of 2009, t o promote the adoption and meaningful use of health information technology (Mangalmurti, Murtagh and Mello 2060). The HITECH Act authorizes grants and incentives to promote the â€Å"meaningful use† of electronic health records (EHR) by providers (2060). The effect is a high commitment to a technology-led system reform, urging a renewedRead MoreHealth Information Technology For Economic And Clinical Health1484 Words   |  6 Pagescase presents a prime example of privacy violation. The Federal privacy rule 42 CFR, part 2 mandated addition privacy protection for any health record that is generated in the treatment of patients in the federal alcohol and drug program (Hughes, 2002). The HIPAA privacy rule dictates that healthcare organizations must not disclose any identifying patient information, or alert any entity that a particular patient is participating in alcohol/drug treatment program. This type of privacy breach must beRead MoreInformation Technology And The Health S ystems1301 Words   |  6 PagesInformation Technology (IT) Initiative Proposal As the business analyst for the Health Systems, Inc., I had was afforded the opportunity to conduct an analysis on the current information technology systems. Upon recognizing and discovering several issues within the Health Systems, Inc. existing information technology systems, my team and I are preparing resolutions for each and every one of them. In addition to these resolutions, we will incorporate an Information Security and Assurance platform

Micromax †The Indian consumer electronics MNC Free Essays

Micromax is a rather big name today – in fact, it is the largest Indian mobile phone company. It is interesting to note that it took birth as a software company called Micromax Informatics Limited in the year 2000 by a group of four friends. – Rajesh Agarwal, Sumeet Arora, Rahul Sharma and Vikas Jain. We will write a custom essay sample on Micromax – The Indian consumer electronics MNC or any similar topic only for you Order Now In 2008, Micromax entered the mobile phone market and just about managed to get a foot hold, with a 0. 59% market share during the first half year of its existence. By the end of March 2010, its share was 6. 24%. Now it has 23 domestic offices across the country and international offices in Hong Kong, USA and Dubai. Presently, the company has about 1400 employees. It is one of the leading mobile phone manufacturer in India as well as in the world . According to industry analysts, as of 2012, Micromax leads the Indian tablet market with a share of 18. 4%, ahead of Samsung and Apple, and is the third largest mobile phone vendor in terms of volume. Also it is the 12th largest handset manufacturer in the world, according to global handset vendor market share report from strategy analytics. SWOT Analysis Strengths: Innovative products and features- Marathon battery mobile phones with a 30-day battery life, phone which is programmable as a universal remote control, gravity phones are some of the features which have increased the popularity of the product. Low cost of production – With its plants located in China, Micromax bears a low cost in production due to availability of labour at cheaper rates. Effective promotion campaigns- Micromax has been promoting its products through famous celebrities and has also had tie ups with MTV. Weaknesses: Weak brand image in urban areas- Micromax has still not been able to establish itself well in the urban market as its main concentration had been on the rural population. Perception of low-quality Chinese brand- Micromax has a manufacturing unit set up in china which has strengthened this perception among people. Opportunities: Increase penetration in urban market- Since Micromax has not yet entered this market; it has a very huge opportunity to establish itself in this market. Entry into international markets- Micromax has the potential to make its presence felt on global scale eventually as it establishes itself in the domestic market. Threats: Increasing competition from local and international players- With well-established players like Nokia, Samsung, etc. Micromax faces a tough competition from these players. Replication of business model by competitors- Micromax`s business model has been replicated by many new players which again pose a threat to Micromax. IPO offerings On July 28, 2011, Micromax withdrew its 4. 66 billion rupees (about $106 million) initial public offering (IPO) due to volatile market conditions. The withdrawal was recommended by its board in order to allow the company to focus on new product launches and product development. Micromax Informatics Limited has announced its foray into Maldivian telecom space through an exclusive partnership with Sense Wood Maldives (Pvt) Ltd. Objectives Objectives Present objectives: 1. Focus on urban market at large: On capturing major share of urban youth market, for next two years Micromax needs to focus on urban market at large like seiner citizens, physically handicapped etc. 2. Focus on smart phones as well as tablets: Micromax needs to continue focus on smart phones and launch more products and also it needs to focus on tablet market. For 2014: 1. To start new plant and reach market share of 20%: To increase market share, it is essential to increase production capacity. Micromax has plans to start a new plant in Tamil Nadu. With the help of this new plant, it will be able to reach a market share of 20%. 2. Focus on international markets: On making strong focus on rural market and urban market in India, Micromax needs to expand to international markets and enter into neighbouring Indian countries, south African countries etc. So we see that Micromax has established its place as a market leader in phones and tablets, not only in India but internationally as well. How to cite Micromax – The Indian consumer electronics MNC, Papers