The document summarizes the Post's coverage of the financial crisis from its early signs in 2004 through the present day recovery. It highlights how the Post explained issues in layman's terms, focused on data that mattered to citizens, and provided both national and local perspectives. During the crisis, it placed blame, discussed effects on markets and the global economy, and critically analyzed actions by the government and Federal Reserve. In the post-crisis period, it examined the uneven recovery and implications for workers. Throughout, the Post collaborated with other major publications to provide in-depth financial reporting.
A controversial paper on what created the next potential depression of 2008. Many hours was conducted researching the causes of the economic collapse in 2008. The question might be asked, could we see this happen again?
In a speech following the September 11, 2001, terrorist attacks and in the midst of the accompanying U.S. recession, Federal Reserve Chairman Alan Greenspan made a declaration that turned the world of the investment bankers upside down. Greenspan declared that the FOMC (Federal Open Markets Committee) stood prepared to maintain a highly accommodative policy stance for as long as needed to promote satisfactory economic performance. Translated from central banker speak, what Greenspan meant is that he is willing to inflate the money supply and hence lower interest rates for as long as necessary to “revive” the economy and repair it from the shock it received on that fateful day. What this meant for investors in the U.S. Treasury bond market is that they were not going to make any money on U.S. treasury securities for a very long time. Smart investors, diverted from the bond market, scanned Wall Street for a similar low-risk, high-return investment that could take the place of U.S. Treasury securities, and they fell in love with residential mortgages. On September 18, 2008, after months of economic anxiety and several massive bailouts of distressed firms by the government, the stock market had its largest single-day drop since September 11, 2001. Officials and commentators declared an economic emergency and moved on two fronts. The Department of the Treasury and Federal Reserve Board ("Fed") dusted off a 1932 statute and invoked the Fed's authority to stabilize failing firms by lending them money, although some were allowed to fail.
A controversial paper on what created the next potential depression of 2008. Many hours was conducted researching the causes of the economic collapse in 2008. The question might be asked, could we see this happen again?
In a speech following the September 11, 2001, terrorist attacks and in the midst of the accompanying U.S. recession, Federal Reserve Chairman Alan Greenspan made a declaration that turned the world of the investment bankers upside down. Greenspan declared that the FOMC (Federal Open Markets Committee) stood prepared to maintain a highly accommodative policy stance for as long as needed to promote satisfactory economic performance. Translated from central banker speak, what Greenspan meant is that he is willing to inflate the money supply and hence lower interest rates for as long as necessary to “revive” the economy and repair it from the shock it received on that fateful day. What this meant for investors in the U.S. Treasury bond market is that they were not going to make any money on U.S. treasury securities for a very long time. Smart investors, diverted from the bond market, scanned Wall Street for a similar low-risk, high-return investment that could take the place of U.S. Treasury securities, and they fell in love with residential mortgages. On September 18, 2008, after months of economic anxiety and several massive bailouts of distressed firms by the government, the stock market had its largest single-day drop since September 11, 2001. Officials and commentators declared an economic emergency and moved on two fronts. The Department of the Treasury and Federal Reserve Board ("Fed") dusted off a 1932 statute and invoked the Fed's authority to stabilize failing firms by lending them money, although some were allowed to fail.
The Causes of the 2007-08 Financial Crisis: Investigative StudyPhil Goldney
A comprehensive study of the causes of the 2007-08 global Banking Crisis, incorporating primary research from industry professionals. The study amounts to approximately 6000 words. Please contact me for the extensive and comprehensive bibliography.
Charting the Financial Crisis: A Narrative eBookShavondaBrandon
The global financial crisis of 2007-2009 and subsequent Great Recession constituted the worst shocks to the United States economy in generations. Books have been and will be written about the housing bubble and bust, the financial panic that followed, the economic devastation that resulted, and the steps that various arms of the U.S. and foreign governments took to prevent the Great Depression 2.0. But the story can also be told graphically, as these charts aim to do.
What comes quickly into focus is that as the crisis intensified, so did the government’s response. Although the seeds of the harrowing events of 2007-2009 were sown over decades, and the U.S. government was initially slow to act, the combined efforts of the Federal Reserve, Treasury Department, and other agencies were ultimately forceful, flexible, and effective. Federal regulators greatly expanded their crisis management toolkit as the damage unfolded, moving from traditional and domestic measures to actions that were innovative and sometimes even international in reach. As panic spread, so too did their efforts broaden to quell it. In the end, the government was able to stabilize the system, re-start key financial markets, and limit the extent of the harm to the economy.
No collection of charts, even as extensive as this, can convey all the complexities and details of the crisis and the government’s interventions. But these figures capture the essential features of one of the worst episodes in American economic history and the ultimately successful, even if politically unpopular, government response.
The Causes of the 2007-08 Financial Crisis: Investigative StudyPhil Goldney
A comprehensive study of the causes of the 2007-08 global Banking Crisis, incorporating primary research from industry professionals. The study amounts to approximately 6000 words. Please contact me for the extensive and comprehensive bibliography.
Charting the Financial Crisis: A Narrative eBookShavondaBrandon
The global financial crisis of 2007-2009 and subsequent Great Recession constituted the worst shocks to the United States economy in generations. Books have been and will be written about the housing bubble and bust, the financial panic that followed, the economic devastation that resulted, and the steps that various arms of the U.S. and foreign governments took to prevent the Great Depression 2.0. But the story can also be told graphically, as these charts aim to do.
What comes quickly into focus is that as the crisis intensified, so did the government’s response. Although the seeds of the harrowing events of 2007-2009 were sown over decades, and the U.S. government was initially slow to act, the combined efforts of the Federal Reserve, Treasury Department, and other agencies were ultimately forceful, flexible, and effective. Federal regulators greatly expanded their crisis management toolkit as the damage unfolded, moving from traditional and domestic measures to actions that were innovative and sometimes even international in reach. As panic spread, so too did their efforts broaden to quell it. In the end, the government was able to stabilize the system, re-start key financial markets, and limit the extent of the harm to the economy.
No collection of charts, even as extensive as this, can convey all the complexities and details of the crisis and the government’s interventions. But these figures capture the essential features of one of the worst episodes in American economic history and the ultimately successful, even if politically unpopular, government response.
The keynote explores the brief history of art, then dwell further into the issues related to the realm of art and morality and how the two are entangled into a big mess of ball
Rich content media and the Enterprise – the rise and rise of Tablet PublishingLisa Walton
Presented to CBA at their Innovation Festival in November 2013. Jam packed full of insights and a how to guide to building a tablet publishing strategy in the Enterprise. Created by Lisa Walton and Zachary King, Oomph.
What constitute the environmentalism for the poor? What does sustainability for the poor means? Urbanism and liveability in the perspective of the socially and economically disadvantage of social class and how ecological sustainability play a role in this context.
Instructions for Submissions thorugh G- Classroom.pptxJheel Barad
This presentation provides a briefing on how to upload submissions and documents in Google Classroom. It was prepared as part of an orientation for new Sainik School in-service teacher trainees. As a training officer, my goal is to ensure that you are comfortable and proficient with this essential tool for managing assignments and fostering student engagement.
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Operation “Blue Star” is the only event in the history of Independent India where the state went into war with its own people. Even after about 40 years it is not clear if it was culmination of states anger over people of the region, a political game of power or start of dictatorial chapter in the democratic setup.
The people of Punjab felt alienated from main stream due to denial of their just demands during a long democratic struggle since independence. As it happen all over the word, it led to militant struggle with great loss of lives of military, police and civilian personnel. Killing of Indira Gandhi and massacre of innocent Sikhs in Delhi and other India cities was also associated with this movement.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
2. Unique Traits of the Post Location in Washington D.C. National and local coverage Collaboration with LA Times – National Newspaper Partnership with Bloomberg – newfound dedication to financial reporting
4. Characteristics of Effective Financial News Explanation in layman’s terms of what happened Effects on the global economy and people personally Explanation of the key companies involved Government’s role in the crisis Key players and their positions Definitions and requirements for loans How will this affect the job and housing market? Changes in lifestyles, how long will this last, what are the long term effects, and what can I do?
6. ‘Is Housing Headed for a Fall?’ April 15, 2004 Critical look at the huge increases in housing market “How could there not be a bubble?” Some data says that’s its not all areas, “It’s not a bubble unless it’s coast to coast” ‘Housing ‘Bubble’ Disputed’ June 23, 2004 Fed Reserve Bank says housing market is not in a bubble, little evidence to support it. Prices have risen in line with increases in income
7. ‘Economy Gained Muscle Last Year, Expanding Jobs - In Chicago, Bush Rejoices and Says Policies Are Working’ January 7, 2006 Job market is doing great, 2 million new jobs in 2005, and unemployment rate fell to 4.9%, 2006 the housing market peaks 200,00 more jobs per month, “the economy is gaining momentum,” average earning have increased Wall Street and Main Street are on the same page, everyone is winning The Post offers easy to understand coverage – layman’s terms, they focus on data that matters to citizens
8. ‘Waiting for a Soft Landing’ January 4, 2006 Explores potential economic issues that could arise, takes a critical, oppositional look at the positive outlook Housing bubble bursts, US dollar crashes, GM files for bankruptcy (due to strikes) ‘With Rosy Predictions, Pundits Missing 2006’s Warning Signs’ January 4, 2006 “Let’s not fall into the trap of confusing that [positive outlook] with long term economic health” Warning signs – housing boom, hedge funds over lending into real estate, auto industry restructuring, bond-markets making it easy to borrow money at fixed rates More realistic than the “rosy scenario embraced by Washington and Wall Street.”
10. ‘Economy Gained Muscle Last Year, Expanding Jobs - In Chicago, Bush Rejoices and Says Policies Are Working’ January 7, 2006 Bush convincing Americans that tax and budget policies are working, new plans coming soon Democrats say job growth is slowing, prices are rising faster than wages The Post offers Republican and Democratic perspectives, in addition to context, facts, and information from The Post. ‘Waiting for a Soft Landing’ January 4, 2006 Concern about potential inversion of interest rates, transition from Greenspan to Bernake
11. ‘With Rosy Predictions, Pundits Missing 2006’s Warning Signs’ January 4, 2006 Interest rates rise, monetary tightening by the fed Risks are there – could be addressed by Washington Policymakers, but it’s an election year so they probably won’t The Post article takes a critical look at what Wall Street and Washington’s predictions are and notes potential flaws – suggests they are skeptic of the bubble / Washington ‘The Big Economic Worry – Productivity Is Slowing’ January 3, 2007 Productivity falling, critical look at the economy focused on data analysis – questions economists / Bernanke’s ability to predict trends
13. December 12, 2007: “On Wall St., Mortgage-Finance Chiefs Take Apologetic Tone” Pertinent Background Information on the Housing Bubble “Fannie Mae and Freddie Mac contributed to the problem by spreading the message that everybody should own a house…many people who should not have owned houses bought them…the nation will have to come to terms with the big political challenge of converting much of that real estate into rental housing, Syron said” Effect on the Public “Although many foreclosure notices have been issued, the public hasn’t seen a lot of forced evictions or pictures of people standing in front of their houses with their furniture on the lawn, Syron said. When that happens, the effect on consumer confidence could inflict deeper damage on the economy, Syron said” Placing Blame “Syron traced the trouble in the mortgage business to a housing bubble and accepted some responsibility”
14. December 2, 2008“Stocks Tank as Recession Declines” Effects on the Stock Market “Investors were in full retreat yesterday, sending stocks tumbling after a panel of economists confirmed that the country has been in a recession for about a year” Consequences and Predictions “Pulling credit at a time when job losses are increasing by over 50% year on year in most key states is a dangerous and unprecedented combination…this makes for an unprecedented challenge for the banks…what we believe will be of far greater importance will be the protracted and intense impact this will have on consumer spending” “Crude oil prices fell 9.5 percent…Analysts have been concerned that the recession would continue to curtail demand for fuel and have predicted that prices could fall to $35 to $45 a barrel by the end of the year” Global Effects “The sell-off eroded much of the gains from last week, when the Dow and S&P 500 jumped 10 percent to 12 percent respectively. The losses spread to Asia today…”
16. March 19, 2008: “What if the Fed Fails?” The Fed: Too big to fail? “But is the Fed itself too big to fail? And what institution would step in as the buyer of last, last resort -- if the buyer of last resort should prove insufficient to the challenge?” Wall Street to Main Street “The danger is acute because the financial crisis is moving from Wall Street to Main Street. So far, the panic has been confined to people in the financial world who understood the exotic securities that were imploding and knew just how bad the credit crisis was. Now we're entering a new phase, where Mom and Pop will be losing their homes, and maybe their jobs -- and the public will be getting plenty scared.” Did the Fed do the right thing? “The Fed, in my view, had no choice but to step in decisively this week and try to stop the Wall Street bank run. But when the panic hits Main Street, the Fed will have to be even more creative -- in fashioning a package that restores confidence but also allows real estate prices to fall and the market to clear.”
17. April 3, 2008: “Belatedly, the Bad-News Bearer” Bernanke officially uses the word “recession” “…in his carefully hedged, deliberate mumbo jumbo, Ben Bernanke delivered a message as stark as bread lines and shantytowns.” “’A recession is possible,’ Bernanke affirmed, setting the news wires abuzz.” His conservative view of the economy makes this of particular importance “But the Fed chairman's willingness to invoke the R-word carries particular weight because of his consistent habit of understating the nation's economic problems. “Just six weeks ago, he was still forecasting ‘sluggish growth’ for the first part of this year. Last July, he forecast that 2008 would be a time of ‘strengthening’ above an already ‘moderate pace.’"
18. May 28, 2008“The Fading of the Mirage Economy” Interconnectivity“The tendency is to see these as separate developments, each with its own causes and dynamic. Fundamentally, however, they are all part of the same story” The “bubbles”“But the thing to remember is that it's not just residential real estate. The same factors that were behind the housing bubble were also at work, to varying degrees, in the auto bubble, the commercial real estate bubble, the travel bubble, the college tuition bubble, the retail bubble, the Web 2.0 bubble and most recently the commodities bubble.” What to do“One option is to raise taxes and leave less money for private spending, which is what many state and local governments have begun to do. The other is to accept lower levels of government service and subsidies, which inevitably will lower the incomes of some households while forcing others to go without services or pay for them privately.”
19. December 13, 2008“White House Move Toward Auto Bailout” Fears, Explanations, and Possible Solutions “Fed Chairman Ben S. Bernanke said the central bank is reluctant to get involved in industrial policy, or in deciding which industries win and lose.” “Many lawmakers and analysts fear that tapping the TARP to rescue the auto companies could open the way for other aid requests from ailing companies outside the financial sector” “‘Under normal economic conditions, we would prefer that markets determine the ultimate fate of private firms,’ said White House spokeswoman Dana Perino. ‘However, given the current weakened state of the U.S. economy, we will consider other options if necessary…to prevent a collapse of troubled automakers. A precipitous collapse of this industry would have a severe impact on our economy, and it would be irresponsible to further weaken and destabilize our economy at this time.’” “The White House said it would explore all financing options, including drawing on the Treasury’s Troubled Asset Relief Program (TARP), which until now has been used exclusively to aid banks and other financial firms”
25. Characteristics of Effective Financial News Explanation in layman’s terms of what happened Effects on the global economy and people personally Explanation of the key companies involved Government’s role in the crisis Key players and their positions Definitions and requirements for loans How will this affect the job and housing market? Changes in lifestyles, how long will this last, what are the long term effects, and what can I do?
26. Conclusions Washington Post has been skeptical since the beginning of the housing bubble--informed readers of potential pitfalls Made good use of editorials--opinionated but informative Reports are clear in layman’s terms Some reports were fear-inducing
Editor's Notes
Wash Post questions the housing bubble early onFed says it’s not
Jumping ahead to early 2006 – the economy is doing great, the year the housing market peaks2 mil new jobs, low unemploymentDo present easy to understand, relevant data
However, many Washington Post articles take also take on a critical perspectiveFirst article takes a look at potential economic issues that could arise – burst of the housing bubble, “Don’t fall in the trap of confusing positive outlook with long term economic health” More warning signs – auto industry problems, over lending – need to look critically outside of the rosy scenario embraced by washinton / wall street
Early 2006 the post is starting to get skepticalGovernment convinced that everything is great – but the post does cover republican and democratic takes on the economy wellDetails the potential inversion of the interest rates, transition from Greenspan to Bernake
Post argues that there are risks that could be addressed by washinton, but it’s an election year so they probably won’t Skeptical of the bubble and Washington policymakers and their portrayal of the great economyPost analyzes some of the numbers they’re getting and argue that productivity might actually be on the verge falling
-Editorial by David Ignatius-The Fed may have done the right thing, but they can’t just do it forever for every company that may fail…what’s the next step?-one of the first times we see the “Wall Street” vs “Main Street” dichotomy-also mention of a public fear of the economic crisis hitting close to home – this is important to the average American-While the Fed may have done the right thing at the time, we need to start looking to the future and what to do next…they can’t fix everything
-This is the first time we see the word recession used by a political figure…now, we hear it all the time, but at this point in the story it was a big development, especially coming from Bernanke-Problem: bread lines and shantytowns sets a tone of fear reminiscent of the Great Depression…maybe not the best tactic at this time as well as “the R word” making it sound like a bad word…also invoking fear when the word itself invokes enough fear as is -This set off somewhat of a panic because Americans were told to be hopeful of an economic recovery but once the word “recession” is thrown around, it becomes a different story-This was covered in all the major news outlets but the Post delivered it in a timely manner and in multiple sections of the paper, including section A page 1 as well as the financial section
-By Steven Pearlstein-He relates all the troubles to each other rather than discussing them as individual entities. This makes it easier for the reader to understand how our economy is wrapped up in everything that is going on in the U.S. and around the world rather than just assuming it’s related to the housing bubble. -He also suggests what could possibly be done and how this would affect the average American. It is as if he is foreshadowing what is to come so Americans can be prepared for some life changes.