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4 unusual facts about Financial crisis


Financial crisis

Charles W. Calomiris and Stephen H. Haber (2014), Fragile by Design: The Political Origins of Banking Crises and Scarce Credit, Princeton, NJ: Princeton University Press.

Further early sovereign defaults include seven defaults by imperial Spain, four under Philip II, three under his successors.

Reinhart and Rogoff trace inflation (to reduce debt) to Dionysius of Syracuse, of the 4th century BCE, and begin their "eight centuries" in 1258; debasement of currency also occurred under the Roman empire and Byzantine empire.

Didier Sornette (2003), Why Stock Markets Crash, Princeton University Press.


Björgvin G. Sigurðsson

He thus assumed part of the political responsibility for the current financial crisis and the associated protests.

Brecht Forum

On October 6, 2008, a discussion panel “An Offer We Can’t Refuse?” was held, on the financial crisis included Naomi Klein, Arun Gupta, Frances Fox Piven, William Greider, and Doug Henwood.

Consumer Financial Protection Bureau

In July 2010, Congress passed the Dodd–Frank Wall Street Reform and Consumer Protection Act, during the 111th United States Congress in response to the Late-2000s recession and financial crisis.

New Lisbon Airport

In May 2010, forced by the financial crisis, Prime Minister José Sócrates put the project on halt.

Stará Huť

Construction began in 2007 however was halted due to the financial crisis.


see also

61st New York State Legislature

In May 1837, the Panic of 1837 broke out, and led to a severe financial crisis.

Addison Wiggin

Empire of Debt: Rise of an Epic Financial Crisis (with Bill Bonner).

Anatole Kaletsky

In 2012, Kaletsky was appointed Chairman of the Institute for New Economic Thinking, a foundation established after the 2008 financial crisis with $200m of grants from George Soros, Paul Volcker, William Janeway, Jim Balsillie and other leading financiers.

Aurel Awards

The last show, the 7th Aurel Awards, which was broadcast only by radio, was held on May 27, 2008 at Divadlo West, also in Bratislava, one year prior to the cancellation of the Slovak national section of the IFPI (on December 31, 2009), due to a financial crisis.

Aventis School of Management

On April 9, Aventis in collaboration with Zicklin School of Business hosted the Annual Public Lecture Series-Beyond The Financial Crisis: Ethics & Professional Responsibilities by Professor Larry Zicklin who endowed the Wharton's Carol and Lawrence Zicklin Center for Business Ethics Research and the Robert Zicklin Center for Corporate Integrity (CCI) at Baruch College.

Barack Obama election victory speech, 2008

Let us remember that, if this financial crisis taught us anything, it's that we cannot have a thriving Wall Street while Main Street suffers.

Bristol Royal Infirmary

In 1904, Sir George White, who gave Bristol its first electric tramway service and established what was to become the Bristol Aeroplane Company, saved the hospital from a major financial crisis, and later masterminded the construction of the BRI Edward VII Memorial Wing, designed by Charles Holden.

Chaotic hysteresis

The first to use the term for a specific application was J. Barkley Rosser, Jr. in 1991, who suggested that it could be applied to explaining the process of systemic economic transition, with Poirot (2001) following up on this in regard to the Russian financial crisis of 1998.

Cheong Yoke Choy

The land that Berjaya Times Square currently sits on used to belong to Cheong Yoke Choy and his descendants before it was sold to Berjaya Group's Tan Sri Vincent Tan just before the Asian Financial Crisis hit Malaysia.

Collective action clause

During the financial crisis of 2011-12, the Greek government imposed, with the support of the IMF and ECB, a retroactive CAC with a threshold of 75%.

Democracy for America

In response to the Wall Street-driven financial crisis, DFA launched their “Move Your Money Campaign” with The Huffington Post and filmmaker Eugene Jarecki.

Dodgers–Yankees rivalry

New York City itself was going through a financial crisis under Mayor Abraham Beame and experienced the Son of Sam and a major blackout, all chronicled in The Bronx is Burning.

Empire of Debt

Empire of Debt is a book written by Bill Bonner and Addison Wiggin, subtitled "The Rise of an Epic Financial Crisis".

ESFS

European System of Financial Supervisors, a system of institutions of the EU created in response to the financial crisis with the task of financial supervision

Euro

Following the U.S. financial crisis in 2008, fears of a sovereign debt crisis developed in 2009 among fiscally conservative investors concerning some European states, with the situation becoming particularly tense in early 2010.

Flowers of the Forest

It concerns a financial crisis that had ruined the fortunes of a number of the Selkirk Lairds.

Hertford County Hospital

Subscribers included Professor T. R. Malthus, Baron Dimsdale and Earl Cowper, By 1835, the financial crisis had limited the number of in-patient beds to 10, but during the following years this number was increased.

Hiroaki Nakanishi

As President, he started the Smart Transformation Project which restructured the company following the global financial crisis, including the sale of Western Digital.

James Patton Anderson

He attended the medical school of Jefferson College in Canonsburg, Pennsylvania in 1840, before a family financial crisis forced him to withdraw a short time before graduation in 1842.

Jurong FC

Jurong Reptile Park pull out in between the season and there is a financial crisis in the club and facing a gravely financial problems, The New Paper planned and set up a "SAVE JURONG CAMPAIGN", "SAVE JURONG LIFE-LINE", "Walkaton", Golf Tournament" and a "Gala Dinner & Dance" in order to raise a fund of $500,000,00 which was achieved.

KPXM-TV

A financial crisis led KXLI and KXLT to go off the air at the end of 1988 (KTMA also teetered financially for a time while KVNJ became Fox affiliate KVRR).

Marc Faber

He was the subject of a book written by Nury Vittachi in 1998 entitled Doctor Doom - Riding the Millennial Storm - Marc Faber's Path to Profit in the Financial Crisis.

Mel Machin

In his first season at the helm he managed to keep the club in the Second Division despite a start with seven consecutive defeats and a serious financial crisis, this feat later became known as "The Great Escape".

Murren

Heather Murren, member of U.S. Financial Crisis Inquiry Commission

Østerfælled Torv

PBU sold the residential share of the project to Schaumann Investment for DKK 1,5 billions in 2006, a transaction which later contributed to the bankruptcy of Roskilde Bank in the light of he financial crisis and the decreasing prizes on the housing market.

Planet Money

Senator Max Baucus praised the show's attempts to explain the financial crisis "in terms the average American starts to understand".

Speculation

On 3 December 2009 U.S. Congressman Peter DeFazio, who blamed "reckless speculation" for the 2008 financial crisis, proposed the introduction of a financial transaction tax, which would specifically target speculators by taxing financial market securities transactions.

State capitalism

In his book, The End of the Free Market: Who Wins the War Between States and Corporations, political scientist Ian Bremmer describes China as the primary driver for the rise of state capitalism as a challenge to the free market economies of the developed world, particularly in the aftermath of the 2008 financial crisis.

Sudafi Henry

Henry was previously Counsel and Senior Policy Advisor for House Majority Leader Steny Hoyer (D-MD), working closely with Congress, leadership staff and committee staff on crafting and winning passage of critical legislation, with a particular focus on trade, telecommunications, economic matters and responses to the current financial crisis.

Sweeney Automobile School

With Sweeney liquidating his assets following the 1929 financial crisis, the Cook Paint and Varnish Company acquired WHB from Sweeney on April 4, 1930.

Wendy Cooper

Wendy was forced to sell the petrol station she owned because of her financial crisis but ended up buying the local bar – The I.V. with her husband Murray (Matthew Chamberlain).

World War I reparations

Under the Hoover Moratorium of June 1931 issued by the American president Herbert Hoover, which was designed to deal with the world-wide financial crisis caused by the bankruptcy of the Creditanstalt in May 1931, Germany ceased paying reparations.