Chernobyl‚ Ukraine Nuclear Power Plant Meltdown The accident at the Chernobyl Nuclear Power Plant in Ukrainian produced a plume of radioactive debris that drifted over parts of the western USSR‚ Eastern Europe‚ and Scandinavia. The accident‚ which occurred on April 26‚ 1986‚ was the worst nuclear power accident in history. Large areas of the Ukrainian‚ Belorussian‚ and Russian republics of the USSR were contaminated‚ resulting in the evacuation of roughly 200‚000 people. The accident raised
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Just after ten years of Asian financial crisis‚ another major financial crisis now concern for all developed and some developing countries is “Global Financial Crisis 2008.” It is beginning with the bankruptcy of Lehman Brothers on Sunday‚ September 14‚ 2008 and spread like a flood. At first U.S banking sector fall in a great liquidity crisis and simultaneously around the world stock markets have fallen‚ large financial institutions have collapsed or been bought out‚ and governments in even the wealthiest
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Managing the Global Economic Meltdown in a Consolidated Banking Sector of Nigeria: Rhetorics or Realities J. David Agaba and M.S. Tenuche Department of Political Science Kogi State University‚ Anyigba Abstract: This paper interrogates the implications of the global economic meltdown on the Nigeria Economy within the framework of a consolidated Banking sector. It investigates the ability of the Nigerian financial sector to withstand the challenges of the global economic meltdown in the face of the current
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SECTION 1 The Three Mile Island Nuclear Meltdown and the Possible Health Effects of its Children Problem From the nuclear disaster of Chernobyl in April of 1986‚ the medical world has learned much about the possible effects of radioactive materials being exposed to humans‚ specifically the pediatric population. Through this disaster‚ we learned that children and fetuses exposed to radio-nucleotides were susceptible to central nervous system dysfunction leading to microcephaly and retardation‚ congenital
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1. Carefully explain the concept of economic meltdown. Answer: The term economic meltdown is the going down of the rate of economic activity of a country‚ in the simplest term‚ economic meltdown‚ could be called economic “Go-slow” just like traffic jam which grind. The first and foremost action that an organization must take is to cut cost‚ this is because during these tough times‚ we all must make the utmost effort to save money‚ take care of expenses such as electricity stationery unnecessary
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What caused the Financial Crisis…another way‚ Not who ..BUT WHAT the three common narratives about the financial crisis. The first argues that the primary cause was government intervention in the housing market. This intervention‚ principally through Fannie Mae and Freddie Mac‚ inflated a housing bubble that triggered the crisis. This is the view expressed by one of our co-commissioners in a separate dissent. -Both of these views are incomplete and misleading. The existence of housing bubbles
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American tax-payers were already engaged in a wide debate regarding the misuse of public money to the tune of $ 182 Billion when this issue has arisen where the government is using more than a trillion dollars to bail-out some of America’s largest financial giants. Consider the case of Fannie Mae (Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation). Both were offsprings of federal government. Fannie Mae was started in 1938 as a government agency before it
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The financial crisis and the future of financial regulation Executive summary The outburst of the global financial crisis caused by the subprime crisis in America makes it necessary to adjust the financial regulation systems. The main financial crises in the history of the mankind were all mainly caused by the defects of the financial regulation in the world. Thus it can be seen that it is very necessary and important to explore the effective means to improve the effectiveness of the international
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Financial Crisis A financial crisis is “an economic recession or depression caused by a lack of necessary liquidity in financial institutions. A financial crisis may be caused by a natural disaster‚ negative economic news or some other events.”(InvestorWords.com‚ 2009) Financial crisis usually decrease business activity because people do not have enough financial resources. The reason why I chose this topic is because it is a daily theme in all of the European tabloids. We read every day’s
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Understanding the causes of 2007-09 ‘financial crisis’…and the UK government’s response- An essay by Shirumisha Kwayu Posted on 18/04/2013 by Aikande Kwayu Note to the reader: This is the first entry that is not written by me (i.e. Aikande Kwayu). The blog is now inviting entries by interested people…if you think you may have something to share please feel free to email me. And now…let’s learn a bit about the recent financial crisis and how the UK government responded. It’s important to understand
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