Three stages of financial crisis within the US Essay

Three stages of financial crisis within the US - Essay Example In September 2008, Lehman Brothers announced that it was facing bankruptcy which created an overall panic all across the board. US government and other western government started injecting money into the banking system to stop big banks from going bankrupt. Moreover, credit flows to the private sector also stopped causing US economy and other economies to slow down. Interest rates were also increased in order to adopt a cautious approach in such difficult circumstances. Later in the winter season of FY09, US and other G20 countries started to cut dwon interest rates, so it could stop economy going into slump (Elliott, 2011). Later, when risks of bank’s solvency reduced, the focus shifted on government issues. High fiscal deficits caused governments to face severe problems as the economies were going through an overall slowdown. Different European countries like Spain and Greece went into deep trouble due to the ballooning fiscal deficit. IMF and EU had to inject money into their system in order to maintain smooth

Environmental scanning report Essay Example | Topics and Well Written Essays - 250 words

Environmental scanning report - Essay Example Recently, Paula Deen has been battling to rejuvenate her dented image in the public domain; you remember the racism lawsuit? Well, another blow complicating her positive attempts even further was right in the public hands. As New York Times reported, Paula Deen took to social media and most specifically the restaurant facebook page to inform the employees of their impending joblessness. Sure, this was the worst method of communicate about business closure in my lifetime. It is no doubt that in some cases, there are employees of the restaurant who got the information from family members or even friends; just think of how facebook posts can sometimes be viral. In a more open and objective judgment, Paula Deen violated the privacy of the restaurant employees. At least the management of the restaurant ought to have converged a meeting to pass the information to all its employees before taking to external media. In conclusion, employers should use the right channel of communication to pass information to their employees. Paula Deen’s style was a bad