IB7002-2, INTERNATIONAL BUSINESS
IB7002-2, INTERNATIONAL BUSINESS IB7002
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This 2 page Class Notes was uploaded by JC11 on Saturday April 9, 2016. The Class Notes belongs to IB7002 at Northcentral University taught by in Spring 2016. Since its upload, it has received 19 views. For similar materials see International Business in International Business at Northcentral University.
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Date Created: 04/09/16
Content post 150-200 words Your assignment is to research a global financial event of your choice. Once you complete your research, discuss the positive and not so positive value of financial crisis. The goal is for you to express your thoughts on the key points of crisis and to identify and its evolution over the years. This discussion will be open-ended to afford you the opportunity to interact with your mentor and possibly other students during the course. Both your content post and your response post should reflect a collegial attitude, be free of grammar and spelling errors, and include criteria mentioned above. Please note that your content post is due by 11:59:59 on Wednesday of this week. Once this is complete please post a response post by 11:59:59 on Sunday, the due date of this week’s assignment. response post 75-100 words. The question becomes, at what point is enough, enough? If leaders are willing to utilize war as a stimulant to increase the price of oil, what else are they willing to do? Within the housing market, can anyone in politics really say they didn't know what was happening? If US officials understand that it is $18 trillion in debt, why are there not more extreme measures taken to decrease the debt. While increased spending pushes individuals to spend more within the economy there has to be a breaking point. Between the years 2000 and 2006, the housing market in the U.S. was booming. The positive value behind the subprime lending was that individuals that previously were not able to buy their own home, were now able to purchase them. Another of the positive outcomes existed was that for the time during the housing bubble individuals were able to make significant profits by selling their homes. Homes on average appreciated by 7.6 percent within this time frame compared to the previous average of 1.4 percent a year (Payne, 2013). While this may have seemed beneficial at the time, financial lines were more blurred than previous years. While minority populations were now enjoying home ownership, it did not last for long. The fallout really began in 2007 where there was a foreclosure rate of 650,000. This rate continued to rise 2.9 Million by 2010. Not only did the foreclosure rate sky rocket, the rate of suicide did as well. The suicide rate increased significantly to 25% for those that owned real estate between the ages of 4664 years of age. This 25% increase took place during the period of 2005 to 2010 (Houle and Light, 2014). The question now becomes; how do we keep this from happening again in the future? Houle, J. N., & Light, M. T. (2014). The home foreclosure crisis and rising suicide rates, 2005 to 2010. American Journal of Public Health, 104(6), 10731079 7p. doi:10.2105/AJPH.2013.301774 Payne, R. J. (2013) Global issues. New Jersey: Pearson Education, Inc.
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