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Virtuous Circle
A vicious circle (or cycle) is a complex chain of events that reinforces itself through a feedback loop, with detrimental results. It is a system with no tendency toward equilibrium (social, economic, ecological, etc.), at least in the short run. Each iteration of the cycle reinforces the previous one, in an example of positive feedback. A vicious circle will continue in the direction of its momentum until an external factor intervenes to break the cycle. A well-known example of a vicious circle in economics is hyperinflation. When the results are not detrimental but beneficial, the term virtuous cycle is used instead. Examples Subprime mortgage crisis The contemporary subprime mortgage crisis is a complex group of vicious circles, both in its genesis and in its manifold outcomes, most notably the late 2000s recession. A specific example is the circle related to housing. As housing prices decline, more homeowners go "underwater", when the market value of a home drops bel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cycle Of Depression
Cycle, cycles, or cyclic may refer to: Anthropology and social sciences * Cyclic history, a theory of history * Cyclical theory, a theory of American political history associated with Arthur Schlesinger, Sr. * Social cycle, various cycles in social sciences ** Business cycle, the downward and upward movement of gross domestic product (GDP) around its ostensible, long-term growth trend Arts, entertainment, and media Films * Cycle (2008 film), ''Cycle'' (2008 film), a Malayalam film * Cycle (2017 film), ''Cycle'' (2017 film), a Marathi film Literature * Cycle (magazine), ''Cycle'' (magazine), an American motorcycling enthusiast magazine * Literary cycle, a group of stories focused on common figures Music Musical terminology * Cycle (music), a set of musical pieces that belong together ** Cyclic form, a technique of construction involving multiple sections or movements ** Interval cycle, a collection of pitch classes generated from a sequence of the same interval clas ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Negative Equity
Negative equity is a deficit of owner's equity, occurring when the value of an asset used to secure a loan is less than the outstanding balance on the loan. In the United States, assets (particularly real estate, whose loans are mortgages) with negative equity are often referred to as being "underwater", and loans and borrowers with negative equity are said to be "upside down". People and companies alike may have negative equity, as reflected on their balance sheets. History The term negative equity was widely used in the United Kingdom during the economic recession between 1991 and 1996, and in Hong Kong between 1998 and 2003. These recessions led to increased unemployment and a decline in property prices, which in turn led to an increase in repossessions by banks and building societies of properties worth less than the outstanding debt. Since 2007, those most exposed to negative equity are borrowers who obtained loans of a high percentage of the property value (such as 90% ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Cycle
Business cycles are intervals of general expansion followed by recession in economic performance. The changes in economic activity that characterize business cycles have important implications for the welfare of the general population, government institutions, and private sector firms. There are many definitions of a business cycle. The simplest defines recessions as two consecutive quarters of negative GDP growth. More satisfactory classifications are provided by, first including more economic indicators and second by looking for more data patterns than the two quarter definition. In the United States, the National Bureau of Economic Research oversees a Business Cycle Dating Committee that defines a recession as "a significant decline in economic activity spread across the market, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales." Business cycles are usually thought of as medium-term ev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
COVID-19 Pandemic
The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December 2019. Soon after, it spread to other areas of Asia, and COVID-19 pandemic by country and territory, then worldwide in early 2020. The World Health Organization (WHO) declared the outbreak a public health emergency of international concern (PHEIC) on 30 January 2020, and assessed the outbreak as having become a pandemic on 11 March. COVID-19 symptoms range from asymptomatic to deadly, but most commonly include fever, sore throat, nocturnal cough, and fatigue. Transmission of COVID-19, Transmission of the virus is often airborne transmission, through airborne particles. Mutations have variants of SARS-CoV-2, produced many strains (variants) with varying degrees of infectivity and virulence. COVID-19 vaccines were developed rapidly and deplo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alexander Schallenberg
Alexander Georg Nicolas Schallenberg (; born 20 June 1969) is an Austrian diplomat, jurist, and politician who served as the Minister of Foreign Affairs (Austria), minister of foreign affairs from 2019 until 2025, briefly interrupted by a period from October until December 2021, when he served as 27th chancellor of Austria, a role he served in an acting capacity again from January to March 2025. A member of the Austrian People's Party (ÖVP), he held the position in the Bierlein government and Second Kurz government, before briefly serving as chancellor as Kurz's successor from 11 October to 6 December 2021 (Schallenberg government). On 10 January 2025, Schallenberg was appointed acting chancellor by President Alexander Van der Bellen, following the resignation of Karl Nehammer, who himself had served in an Caretaker government, Caretaking capacity since October 2024 following the 2024 Austrian legislative election, legislative elections the previous month. A member of the Schal ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Drought
A drought is a period of drier-than-normal conditions.Douville, H., K. Raghavan, J. Renwick, R.P. Allan, P.A. Arias, M. Barlow, R. Cerezo-Mota, A. Cherchi, T.Y. Gan, J. Gergis, D. Jiang, A. Khan, W. Pokam Mba, D. Rosenfeld, J. Tierney, and O. Zolina, 2021Water Cycle Changes. In Climate Change 2021: The Physical Science Basis. Contribution of Working Group I to the Sixth Assessment Report of the Intergovernmental Panel on Climate Change [Masson-Delmotte, V., P. Zhai, A. Pirani, S.L. Connors, C. Péan, S. Berger, N. Caud, Y. Chen, L. Goldfarb, M.I. Gomis, M. Huang, K. Leitzell, E. Lonnoy, J.B.R. Matthews, T.K. Maycock, T. Waterfield, O. Yelekçi, R. Yu, and B. Zhou (eds.)]. Cambridge University Press, Cambridge, United Kingdom and New York, NY, USA, pp. 1055–1210, doi:10.1017/9781009157896.010. A drought can last for days, months or years. Drought often has large impacts on the ecosystems and agriculture of affected regions, and causes harm to the local economy. Annua ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sharecropping
Sharecropping is a legal arrangement in which a landowner allows a tenant (sharecropper) to use the land in return for a share of the crops produced on that land. Sharecropping is not to be conflated with tenant farming, providing the tenant a higher economic and social status. Sharecropping has a long history and there are a wide range of different situations and types of agreements that have used a form of the system. Some are governed by tradition, and others by law. The France, French ''métayage'', the Catalonia, Catalan ''masoveria'', the Castile (historical region), Castilian ''mediero'', the Slavs, Slavic ''połownictwo'' and ''izdolshchina, the Italy, Italian mezzadria'', and the Islamic economics, Islamic system of ''muzara‘a'' (المزارعة), are examples of legal systems that have supported sharecropping. Overview Under a sharecropping system, landowners provided a share of land to be worked by the sharecropper, and usually provided other necessities such as h ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Poverty Cycle
In economics, a cycle of poverty, poverty trap or generational poverty is when poverty seems to be inherited, preventing subsequent generations from escaping it. It is caused by self-reinforcing mechanisms that cause poverty, once it exists, to persist unless there is outside intervention. It can persist across generations, and when applied to developing countries, is also known as a development trap. Families trapped in the cycle of poverty have few to no resources. There are many self-reinforcing disadvantages that make it virtually impossible for individuals to break the cycle. Lack of financial capital, education, and social connections all play a role in keeping the impoverished within the cycle of poverty. Those who are born into poverty have been shown to consistently remain poor throughout their lives.Hutchinson Encycloped ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charlie Rose
Charles Peete Rose Jr. (born January 5, 1942) is an American journalist and talk show host. From 1991 to 2017, he was the host and executive producer of the talk show ''Charlie Rose (talk show), Charlie Rose'' on PBS and Bloomberg L.P., Bloomberg LP. On the show, he interviewed writers, politicians, athletes, entertainers, businesspersons, leaders, scientists, intellectuals and fellow newspeople. The show was known for its distinguished stature and intellectual tone. Rose also co-anchored ''CBS This Morning'' from 2012 to 2017 alongside Gayle King and Norah O'Donnell, where he interviewed many celebrities, institutional leaders, and political figures. Rose formerly substituted for the anchor of the ''CBS Evening News''. In 2012, Rose, along with Lara Logan, hosted the revived CBS classic ''Person to Person'', a news program during which celebrities are interviewed in their homes, originally hosted from 1953 to 1961 by Edward R. Murrow. Since 2022, Rose has hosted the online inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nouriel Roubini
Nouriel Roubini (; born March 29, 1958) is a Turkish-born Iranian-American economic consultant, economist, speaker and writer. He is a professor emeritus since 2021 at the Stern School of Business of New York University. Roubini earned a BA in political economics at Bocconi University in Italy and a doctorate in international economics at Harvard University. He was an academic at Yale and a researcher/advisor researching emerging markets. In the 1990s, during the Bill Clinton administration, for one year he was a senior economist in the Council of Economic Advisers. Roubini is a frequent critic of Bitcoin and other cryptocurrencies. Early life Roubini was born in Istanbul, Turkey, to Iranian Orthodox Jewish parents.Loch Adamson (October 12, 2011)"How Nouriel Roubini Became a Research Brand" ''Institutional Investor''. His father was a rug dealer. When he was young, Roubini was expected to go into the rug business himself, and follow in his father's footsteps. When he was a yea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Unemployment
Unemployment, according to the OECD (Organisation for Economic Co-operation and Development), is the proportion of people above a specified age (usually 15) not being in paid employment or self-employment but currently available for work during the reference period. Unemployment is measured by the unemployment rate, which is the number of people who are unemployed as a percentage of the labour force (the total number of people employed added to those unemployed). Unemployment can have many sources, such as the following: * the status of the economy, which can be influenced by a recession * competition caused by globalization and international trade * new technologies and inventions * policies of the government * regulation and market * war, civil disorder, and natural disasters Unemployment and the status of the economy can be influenced by a country through, for example, fiscal policy. Furthermore, the monetary authority of a country, such as the central bank, can in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
