The changes to legal aid focus disproportionately on
the crisis point of a case, for example the juncture at which a person is to be evicted.
This is
the crisis point of the plot, as you probably remember.
Not exact matches
And put that way, it seems a bit more daunting from a taxpayer's
point of view, especially when there's very little governments can or need to do to fix Canada's affordable housing
crisis — other than get out
of the way.
The
point is that when you encounter a
crisis, it primes your organization to go through major changes it might not otherwise be capable
of making.
Long before today's perceived energy
crisis, PowerLight was perfecting its patented system — an array
of panels that sit on top
of a roof, thereby protecting and insulating it — to the
point where the company now offers a 20 - year warranty.
The financial
crisis revealed the fallacy
of the single -
point objective function
of traditional business education.
In the face
of crisis or danger or even gross incompetence, they remain steely - eyed, focused, and on
point.
That would be the biggest one - day slump in stock market history, by more than double, besting the 777
point plunge that happened on October 29, 2008, at the high
of the panic surrounding the financial
crisis.
Other pain
points included drug pricing and how approving more generics may affect costs (Gottlieb parried that question by noting the FDA doesn't have the authority to negotiate prices or consider pricing when approving a drug) and his alleged softness on opioid drug makers due the aforementioned financial ties and pro-industry ideology (the nominee noted that he considers opioid addiction and overdoses a public health
crisis «on the order
of Ebola and Zika»).
Many would
point to 2007, the year Apple launched the iPhone, as the first inkling
of the
crisis to come.
In the years ahead
of the financial
crisis, Alan Greenspan, the former Fed chairman, systematically raised the benchmark rate a quarter
point every time he gathered the Federal Open Market Committee.
As the New York Times
pointed out on Tuesday, there have been seven events since the economic
crisis of 2009 where the S&P 500 has fallen five percent in the course
of a week.
You look at a lot
of predictive analysis, what factor do you think is the most worrisome right now that
points to a
crisis?
At this
point, it's not likely a question
of «if», or even «when», the next financial
crisis will hit.
That said, it is worth
pointing out that wireless providers are already struggling to keep up with data demands, and the FCC is working aggressively to recapture wireless spectrum to head off an impending
crisis of bandwidth.
You might be surprised to know that the business world was strongly in favor
of profit sharing at many
points in American history, typically when the concentration
of wealth was a major public worry or the country was trying to come together after a
crisis.
All too often, CEOs are unaware
of the disconnect between the values they list publicly and the values that exist inside their offices until a
crisis occurs, at which
point it feels too late.
Additionally, some
point to funding advantages that the biggest banks may gain for their size and market assumptions that the government would bail them out during another
crisis, regardless
of changes to the system under Dodd - Frank.
From the
point of view
of society, Japan is going to come out ahead in the next
crisis.
Our findings have important implications for how policymakers should respond to the next financial
crisis, which will inevitably occur at some
point because
crises are an inherent part
of our financial system.
The starting
point for the discussion was five specific global risks: Resistance to life saving medicine Accelerating transport emissions Loss
of ocean biodiversity Global food
crisis A Generation Wasted These risk represent a pressure -LSB-...]
So let me just
point out that the growth
of the population
of companies slowed dramatically in a number
of countries in the wake
of the global financial
crisis.
He
pointed out that the failure
of two or three such institutions would put us in «Lehman Brothers territory,» referring to the investment bank that filed for bankruptcy in September 2008, precipitating the financial
crisis.
But any responsible economist has to recognise that, past a
point, it can lead to some combination
of excessive foreign borrowing, inflation and even financial
crisis.
In fact there is a regular pattern that we see when debt levels rise in a country to the
point at which either we suffer from a debt
crisis or from a lost decade
of difficult adjustment.
The starting
point for the discussion was five specific global risks: Resistance to life saving medicine Accelerating transport emissions Loss
of ocean biodiversity Global food
crisis A Generation Wasted These risk represent a -LSB-...]
My argument is that a significant part
of the strong productivity performance in the two decades before the
crisis was due to globalization, and that the globalization process may have brought trade in the global economy to a new balancing
point.
Quick answer: no, as the European Central Bank, which has an inate fear
of inflation, felt compelled on Thursday by the economic
crisis in Europe to cut its benchmark interest rates by 0.25 percentage
points, bringing the refinancing rate to a record low
of 0.75 % and the overnight deposit rate to zero.
Sundt (left) defined «
crisis alpha» as the ability to generate returns at a time
of crisis, and cited 20 years worth
of data from his firm's Altegris 40 index
of top commodity trading advisors (CTAs) to prove the
point.
Bill Gross thinks conditions are ripe for a significant liquidity
crisis in the markets, and he
points a finger at his old firm for its potential to be at the center
of the storm.
The problem
of tax evasion in Greece has been
pointed out many times during the debt
crisis: Christine Lagarde, the head
of the IMF, got into hot water over the summer with her comments that she felt more sympathy with children in Africa than tax evaders in Greece.
As Paul Krugman
points out Reifschneider, working with John Williams and using the same FRBUS model, concluded that the ZLB was only a very small issue less than a decade before the financial
crisis led to an 8 year stretch
of zero rates.
You can see at the moment we're sitting at around $ 2 billion but at one
point in time we were up at over $ 16 billion and that was in the middle
of the financial
crisis.
And this situation is becoming worse as pensions are rapidly becoming a thing
of the past, life expectancies along with accompanying health care costs are increasing, and even social security is facing a
crisis point.
He correctly
pointed out the systemic nature
of the
crisis and the serious risk
of contagion not just for Europe, but also for the world economy.
Free fall is a
crisis of obsolescence and decline that can happen at any
point in a company's life cycle.
He also used the 2008 financial
crisis and the idea
of black swan events to
point out that if a broken system is allowed to fail, it actually strengthens it against the catastrophe
of future black swan events.
The Baring
Crisis of 1890 is
pointed out as the first modern international emerging financial
crisis.
The case has a David and Goliath element,
pointing to controversy involving big banks and their role in an ongoing home foreclosure
crisis and a stalled recovery
of the feeble real estate market.
It's important to
point out that successful management
of the debt
crisis in Europe and the avoidance
of significant tax increases next year in the U.S. are important assumptions in our forecast.
Michael Hewson, Senior Market Analyst at CMC Markets in London, says Carney has gained a lot
of «brownie
points» for his handling
of the financial
crisis, given that Canada was the only G7 country that did not have to receive a banking bailout during the financial
crisis that started in 2008.
But Taleb
pointed us to the years
of easy monetary policy brought on by central banks since the financial
crisis.
In recent months, the yield on US corporate bonds, especially investment - grade securities, is a little more than 100 basis
points compared to the yield on government debt, dropping within striking distance
of the lows seen post the 2008 financial
crisis.
A couple
of weeks ago I posted some information about the «Great Depression
of 1873 - 1896 ″ to make the
point that there was no depression, great or otherwise, during this period, but that the period did contain some financial
crises / panics.
To explain, I
point out that if the Fed had done nothing in response to the bust
of 2000 - 2002 then there would have been a severe recession, but the economy would probably have made a full recovery by 2004 and there would have been no mortgage - credit / housing - investment bubble and therefore no 2007 - 2008
crisis.
The 10 - year swap spread in the United States, for example, has increased in 2000 by about 50 basis
points, to a level higher than at the time
of disruptions in markets during the LTCM
crisis in 1998.
This is obviously a large simplification, but we are merely trying to make the
point that changes in fears over the PIIGS and the subsequent «Eurozone debt
crisis premium» is more like changing the intercept
of the gold bull market trend than the gradient.
Finally, I feel it would be irresponsible for me not to
point out that there are schools
of thought (ones that are becoming somewhat more prominent in light
of the financial
crisis) that do not accept a lot
of the limits and boundaries
of neoclassical economics.
This is a percentage
point lower than average potential growth in the decade prior to the
crisis... We estimate that the real neutral policy rate is currently in the range
of 1 to 2 per cent... This translates into a nominal neutral policy rate
of 3 to 4 per cent, down from a range
of 4 1/2 to 5 1/2 per cent in the period prior to the
crisis.»
Currently, in the Euro Zone ex UK, the equity risk premium is already above levels seen in the European debt
crisis in 2011 and closing in on the 2009 highs
of close to 900 basis
points.