scholarly journals Colonial Past and Constitutional Momentum: The Case of Iceland

2013 ◽  
Vol 8 (2) ◽  
Author(s):  
Ágúst Þór Árnason
Keyword(s):  
Financial Crisis ◽  
World Wide ◽  
Economic Life ◽  
The World ◽  
Financial Crisis Of 2008 ◽  
The Republic

In June 2010, nearly two years after the world-wide financial crisis of 2008 hit Iceland, the Icelandic Parliament passed an act on a Constitutional Assembly. Even if no one has succeeded to show any direct connections between the financial crisis and the provisions and the function of the constitution of 1944, loud voices did claim that Icelanders were fortunately faced with a “constitutional moment” and, subsequently, an opportunity to change the nation’s political as well as economic life; something people were ethically obligated to make use of. With no better justified or defined reasons for such an all-inclusive revision, however, it is a worth-while undertaking to take a closer look at the notion of a constitutional moment, and see if that can help us to understand why the Republic of Iceland should abolish its founding constitution without a preceding thorough analysis of its functional failures.

Notes from the Editors, October 2019

2019 ◽  
pp. 63-68
Author(s):  
The Editors
Keyword(s):  
Financial Crisis ◽  
World Economy ◽  
Economic Situation ◽  
The World ◽  
Financial Crisis Of 2008

buy this issue If there is one thing that is clear about the economic situation in the mature capitalist economies, as we write these notes in mid–August 2019, it is that the financial world is increasingly running scared and looking for safe havens, worrying about the storm clouds ahead. There is now little doubt that the world economy is on the verge of a recession after a long sluggish recovery from the Great Financial Crisis of 2007–09. In itself this should not give occasion to surprise. In this instance, however, there lurks a bigger fear, the possibility of a financial Armageddon on the level of the Great Financial Crisis of 2008—or worse.

scholarly journals Living in the Age of Austerity and Migration

2017 ◽  
Vol 25 (4) ◽  
pp. 340-360 ◽  
Author(s):  
Qingwen Xu ◽  
Jamie P. Halsall
Keyword(s):  
Health Care ◽  
Social Policy ◽  
Financial Crisis ◽  
Health Care System ◽  
Global Financial Crisis ◽  
The World ◽  
Elderly Health ◽  
Financial Crisis Of 2008 ◽  
The Global Financial Crisis ◽  
Care System

The global financial crisis of 2008 has caused much dialogue within the social policy framework on how to maintain a sustainable elderly health-care system. This coupled with a migrant crisis have created extra social and economic pressures in Europe in particularly. As it has been well documented by social scientists, people are living longer than ever before. There are two fundamental factors that are helping people live to an old age, which are as follows: (a) a better quality of life and (b) improved health-care system at state level. However, since the global financial crisis of 2008 populations across the world are living in an age of austerity. The age of austerity has brought extra financial pressures on the state, polarizing society by implementing cuts in welfare. The reason many governments across the world (e.g., United States, United Kingdom, and Greece) have enforced a series of austerity measures is fundamentally to reduce debt. The aim of this article is to critically explore the austerity social policy agenda within the context of the debates surrounding the refugee or migrant crisis in the elderly health-care system.

scholarly journals ‘It’s not cricket’: Financial time and postcolonial temporalities in Joseph O’Neill’s ‘Netherland’

2018 ◽  
Vol 4 (1) ◽  
pp. 92-107 ◽  
Author(s):  
Dennis Mischke
Keyword(s):  
Financial Crisis ◽  
Wall Street ◽  
Financial Analyst ◽  
Financial Time ◽  
Market Culture ◽  
The World ◽  
Time Structures ◽  
Financial Crisis Of 2008 ◽  
Finance Capitalism ◽  
The Relationship

Based on a reading of Joseph O’Neill’s 2008 novel Netherland, this article discusses the relationship between cricket and finance capitalism from the perspective of time and temporality. Despite its function as a global commodity, cricket inserts a flow of postcolonial time into the temporal streams of transnational market culture, neoliberalism, and the increasing financialization of the world. Set in the aftermath of 9/11 and before the financial crisis of 2008, Netherland juxtaposes the deviant temporal power of cricket with the time structures of finance capitalism to illustrate how the conduct of Wall Street before the crisis can be understood as a colonial appropriation. In O’Neill’s novel, this conflict is embodied in the precarious friendship of a cosmopolitan Dutch financial analyst and a Trinidadian version of Jay Gatsby.

scholarly journals A Basic Analysis Of Aging Aircraft, Region Of The World, And Accidents

2011 ◽  
Vol 7 (5) ◽  
Author(s):  
Jorge M. Herrera ◽  
Bijan Vasigh
Keyword(s):  
World Wide ◽  
Aviation Safety ◽  
Economic Life ◽  
Aviation Industry ◽  
Regulatory Agencies ◽  
Global Industry ◽  
Aging Aircraft ◽  
The World ◽  
Global Nature ◽  
The Relationship

Differences in aviation safety records around the world should be minimal or nonexistent considering the global nature of aviation. However, significant differences exist and the reasons for those require the attention of governments, regulatory agencies, aircraft manufacturers, airlines and the flying public. One concern is that aircraft are increasingly used beyond their designed economic life. This study focuses on the relationship between aging aircraft and the country where the aircraft was registered. Findings support the idea that in general, the frequency of accidents increases with the age of an aircraft. The study also revealed that there is a correlation between the number of accidents, their severity and aircraft manufacturers. The aircraft’s phase of flight was also related to the number of accidents, with the Approach/Landing phase having the greatest number of accidents. The FAA and JAA have been influential in the development and dissemination of safety programs around the world. However, their efforts have not yet resulted in a world-wide standardization of safety and maintenance programs. This may be an indication that while an aircraft may be a global product, the aviation industry lags behind in becoming a global industry.

scholarly journals Impact of Financial Crisis on Textile Industry in Pakistan

2012 ◽  
Vol 4 (7) ◽  
pp. 409-416 ◽  
Author(s):  
Faisal Abbas ◽  
Muti Ur Rehman . ◽  
Aslam Perviz .
Keyword(s):  
Financial Crisis ◽  
Textile Industry ◽  
World Wide ◽  
Return On Equity ◽  
Crisis Period ◽  
Earnings Per Share ◽  
The World ◽  
Before And After ◽  
Profitability Ratios ◽  
Textile Sector

The aim of study is to analyze the performance of Textile sector in Pakistan covering the pre–crisis period, post crisis period and period of crisis as well. For this purpose data were collected from overall textile sector from available sources for the period of five years. According to the most of the analysts, financial crisis 2008-09 is serious one after the world wide great depression of 1930’s. The analyses have been conducted on the basis of financial ratios (Profitability, liquidity and activity). The profitability ratios such as returns on assets were affected by financial crisis because returns on asset were decreased in crisis period as compared to cover pre and post crisis and same is the situation of return on equity that was also affected by financial crisis. The earnings per share are also reduced in financial crisis period because before and after crisis earning per share was positive but negative in crisis. The liquidity of this sector was also affected by financial crisis. Turnover of the assets also proved that assets were poorly managed by textile sector in financial crisis period. The results showed that the performance of textile sector had been better in pre-crisis and post-crisis while it was bad during crisis period.

United Kingdom

2017 ◽  
Author(s):  
Gabriel Moss QC ◽  
Bob Wessels ◽  
Matthias Haentjens
Keyword(s):  
United Kingdom ◽  
Financial Crisis ◽  
Banking Industry ◽  
Insurance Industry ◽  
Financial System ◽  
The Third ◽  
The World ◽  
Financial Crisis Of 2008 ◽  
The Uk ◽  
Credit Institutions

Banking and insurance play central roles in UK industry. The UK banking industry is the largest in the world in terms of GDP. The UK insurance industry is the largest in Europe and the third largest in the world. Therefore, particularly in light of the financial crisis of 2008, it is extremely important to have a clear formula for the winding up of credit institutions, but also steps have been taken to bolster the resilience of the financial system and help avoid future crises by the implementation of a further regulation.

scholarly journals Investigating the Financial Crisis in 2008 from the Perspective of Banking Systems

2021 ◽  
Vol 5 (2) ◽  
pp. 67
Author(s):  
Zhang Tonglei
Keyword(s):  
Financial Crisis ◽  
Housing Market ◽  
Banking Systems ◽  
The Us ◽  
The World ◽  
Financial Crisis Of 2008 ◽  
Financial Events

The financial crisis of 2008 precipitated by credit issues in the US housing market is probably one of the most profound financial events in recorded history. Its shockwaves have significantly affected almost every market centre as well as country in the world. The aim of this report is accordingly to investigate major reasons behind the crisis from a special angle of banking systems. In particular, problems hidden in regulations, mechanisms and systems in the wake of the financial crisis are focused specifically in this report.

Unraveling the Financial Crisis of 2008

2009 ◽  
Vol 42 (02) ◽  
pp. 271-275 ◽  
Author(s):  
Michael Comiskey ◽  
Pawan Madhogarhia
Keyword(s):  
Financial Crisis ◽  
World Economy ◽  
Tidal Wave ◽  
The World ◽  
Financial Crisis Of 2008

In the fall of 2008, the world economy experienced a “once-in-a-century credit tsunami” (Greenspan 2008, 1). Centered in the market for homes and mortgages, the mechanisms that unleashed this financial tidal wave are many and complex. Indeed, an inadequate grasp of modern finance on the part of “the most sophisticated investors” and regulators “in the world” was itself a contributing factor (Greenspan 2008, 3).

Reputation and image recovery from the Great East Japan Earthquake A long journey with high hopes

2019 ◽  
Author(s):  
Kaede Sano
Keyword(s):  
Financial Crisis ◽  
Economic Impact ◽  
World Wide ◽  
Tohoku Earthquake ◽  
Tourism Industry ◽  
Japanese Government ◽  
Great East Japan Earthquake ◽  
Image Recovery ◽  
The World ◽  
Japanese Yen

Tourism is considered one of the more important industries in the world, contributing economically to many countries’ development (Huang et al., 2008). The Japanese government has actively promoted inbound tourism since the launch of the ‘Visit Japan’ campaign in 2003, by implementing various policies, such as relaxing tourist visas, building a tourist-friendly environment, implementing a tax-free policy and so on. As a result, 28,691,073 international tourists visited Japan in 2017, compared to 5,211,725 in 2003 (JNTO, 2018a, 2018b). Undoubtedly, the booming tourism market brought a significant economic impact to Japan. According to data from the Japan Tourism Agency (JTA, 2017), the economic impact of tourism in 2015 amounted to 25.5 trillion Japanese yen (approximately USD 234 billion), and tourism accounted for four million jobs or 6.7% of nationwide employment (JTA, 2017). However, the tourism industry is also more fragmented and vulnerable to crises and disasters (Faulkner, 2001; Ritchie, 2004), and the industry often finds it difficult to rebound quickly from crises and disasters that have damaged the image of a destination (Cassedy, 1992). Although the number of international tourists to Japan has continually increased since 2003, the industry was greatly affected by the world-wide financial crisis in 2009 and the Great East Japan Earthquake (also called the 3.11 Earthquake and Tohoku Earthquake) in 2011.

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