The 2008 recession/financial crises one of the worst of its kind in a generation. Major economies including the United States and the UK suffered a period of recession, consistent low-growth, rising unemployment and many businesses closing down.
A 10-member committee called the Financial Crisis Inquiry Commission was setup by the US government to study the causes of the recession, in the hopes that a future similar crisis could be prevented.
In 2011, the committee released their findings and pointed out the two major reasons for the crisis:
1. The basic reason for the crises as the Collapse of the housing market.
2. Which in turn was fueled by toxic mortgages, low-interest and easy credit available to everyone and minimal regulation.
The report also pointed out vast problems of corporate governance, lack of government will and unpreparedness.
Answer:
Pelabuhan merupakan aktiviti ekonomi yang penting di kawasan pantai. Pelabuhan juga penting untuk menyokong aktiviti ekonomi di pedalaman kerana mereka bertindak sebagai sambungan penting antara pengangkutan laut dan darat. Sebagai pembekal pekerjaan, pelabuhan bukan sahaja berfungsi sebagai ekonomi tetapi juga fungsi sosial.
Webster supported the new Fugitive Salve Law, hoping that it would calm sectional tensions between North and South.
FCC Fairness Doctrine--this doctrine created in 1949 required news programs present a balanced report on issues.
This doctrine ensured that the news were presented fairly with both sides. This doctrine of reporting was in place until 1987 which then saw the birth of one-sided news broadcasting.
