Throughout the nation, people are beginning to see that
the latest economic crash is not going away anytime soon, and they need help immediately.
Not exact matches
Alan Greenspan was known as adept at gaining consensus among Fed board members on policy issues and for serving during one of the most severe
economic crises of the
late 20th century, the aftermath of the stock market
crash of 1987.
In the face of this opposition, Gensler made a concerted effort to show liberal Democrats that he wasn't a typical Rubinite and, unlike most of Bill Clinton's
economic team, would publicly acknowledge the deregulatory missteps of the
late 1990s that contributed to the 2008
crash.
Rather, his description is very much in line with the view that the market
crashed first, and the underlying
economic strains emerged
later: «the
crash did not come — as some have suggested — because the market suddenly became aware that a serious depression was in the offing.
But McDonnell is proving to be more multi-layered than his caricature, seeking
late in his career to match expediency with belief, gripped by the need to prove
economic competence (he reads the findings of focus groups as avidly as New Labour's leading figures used to do), knows the importance of narrative and how George Osborne impressively framed one about how Labour
crashed the car and should never be given the keys again.
This
economic crash, and the desperation of people on both sides of the
crash to adapt to these chaotic new times, is the focus of 99 Homes, the
latest from director Ramin Bahrani (Man Push Cart, Chop Shop).
But the impact has been much more concentrated in the
later years of the
economic recovery, as austerity cuts bite, and education salaries actually found a safe haven in the immediate aftermath of the
crash — lessening the impact we see today.»
At the center of the
economic collapse that struck the global economy in
late 2007 was the
crash of the American housing market.
This is because, despite being in decline, the level of
late payments and those in default is still extremely high, a likely result of the 2009 housing
crash and resulting
economic fallout.
Petersen says this behavior is common during
economic downturns, and it happened in
late 2000 at the end of the dot - com
crash.