Yellen, J. (2008). The Mortgage Meltdown, Financial Markets, and the Economy. FRBSF Economic Letter, 2008(35/36), 1-7.
My research paper is about late-2000s recession, and the sub-prime mortgage problem is one of the important reason that caused the recession. The sub-prime mortgage problem affected not only on housing market but also the global economy. This article gave me a general idea of how the mortgage influenced the economy. For example, it talked about the problem that the drop of house prices will also affected the financial activities. This is like a chain reaction. Since people reduced the spending on commodities, the unemployment rate will arise, and the unemployment rate arises, the credit crunch problem will increase. All the problems leaded to the recession.
This is just one of the problem that contains in my research paper.
10/23/2009
10/18/2009
#11Research questions
Over the past two years, not only is the United States, but also countries from all over the world under through the economic recession. Since the problem concerns about our daily lives, I want to do research about the late-2000s recession.
First, I want to talk about how the recession happened or what causes the recession. The recession is like a storm, it had been a while before it broke out. As a result, I want to know more about how all these happened at this time, and why this year.
Second, I want to find the effects after this recession. We can see a lot of data about the effects after this recession. For example, the unemployment rate, the price of oil, and GDP are the data which changed during this time.
Finally, I want to know the reaction that people had during this period and how the recession influenced their lives.
Recession is a interesting phenomenon that it have happened irregularly and there were famous ones in the history. Therefore, I want to do some research about the late-2000s recession in this research paper.
I read Helen's and Dannis's blogs.
First, I want to talk about how the recession happened or what causes the recession. The recession is like a storm, it had been a while before it broke out. As a result, I want to know more about how all these happened at this time, and why this year.
Second, I want to find the effects after this recession. We can see a lot of data about the effects after this recession. For example, the unemployment rate, the price of oil, and GDP are the data which changed during this time.
Finally, I want to know the reaction that people had during this period and how the recession influenced their lives.
Recession is a interesting phenomenon that it have happened irregularly and there were famous ones in the history. Therefore, I want to do some research about the late-2000s recession in this research paper.
I read Helen's and Dannis's blogs.
10/16/2009
#10Research topics
For me, I really don't like doing research papers because it always costs me a lot of time. However, being a college student, it is essential and required to do this, so I will choose a topic about my major, business, to be my research paper.
Last year and until now, as big as international corporations and as small as neighborhood grocery stores ran out of business because of the economic recession. For example, chains of retail stores such as circuit city or maryven were all closed. Moreover, many financial corporations were merged or took over from the government. Many people lost their money from stock market, and the most serious problem is that many people lost their jobs. As a result, many houses go on bid, and a lot of people have no place to live.
In our daily lives, everything concerns about business. Since I want to study in business for my grad. school, I would like to do some research about business. By doing the research, it may widen my knowledge about business and help me enhance my major.
Last year and until now, as big as international corporations and as small as neighborhood grocery stores ran out of business because of the economic recession. For example, chains of retail stores such as circuit city or maryven were all closed. Moreover, many financial corporations were merged or took over from the government. Many people lost their money from stock market, and the most serious problem is that many people lost their jobs. As a result, many houses go on bid, and a lot of people have no place to live.
In our daily lives, everything concerns about business. Since I want to study in business for my grad. school, I would like to do some research about business. By doing the research, it may widen my knowledge about business and help me enhance my major.
10/04/2009
# American food
When I was in my country, it is interesting and fun to eat in an american restaurant. The atmohphere was suitable for friends hanging out, such as energetic servers, music, but we all knew that we might gain some weight the next day. In my mind, I always think that American food divides into two opposing extremes. One kind contains high calories , such as french fries, cheese, and donuts, the other kind has low calories, such as cereal, salad.
After I came to the US, I find that American food is really simple and I like some of them. For example, sandwish is one of the American food that I like but I seldom ate in my country. It is really easy and quick to have a sandwish for lunch, and I find that there are a lot of sandwish stores in the US. Compare to my country's people, Americans eat a lot of bread. We live on rice, so we seldom eat bread. However, when I am in the US, unless I cook rice by myself, I find out that rice tastes not as good as my country's.
The cooking style is also different from ours. In the US, people bake, grill, or boil, but Chinese dishes' consider to have more different styles. When I go to american restaurants, I can imagine waht I will see on the menu. What's more, it looks that american restaurants are all chain stores. Although it is convenient for customers, it lacks novelty. In my country, people like to eat in different restaurants, and the restaurants should have some specialities to attract people.
After I have lived in the US for two years, the first thing that I come back to my country is to eat different local food. Compare to my country's food, American food is the food that I only can eat once in a while.
After I came to the US, I find that American food is really simple and I like some of them. For example, sandwish is one of the American food that I like but I seldom ate in my country. It is really easy and quick to have a sandwish for lunch, and I find that there are a lot of sandwish stores in the US. Compare to my country's people, Americans eat a lot of bread. We live on rice, so we seldom eat bread. However, when I am in the US, unless I cook rice by myself, I find out that rice tastes not as good as my country's.
The cooking style is also different from ours. In the US, people bake, grill, or boil, but Chinese dishes' consider to have more different styles. When I go to american restaurants, I can imagine waht I will see on the menu. What's more, it looks that american restaurants are all chain stores. Although it is convenient for customers, it lacks novelty. In my country, people like to eat in different restaurants, and the restaurants should have some specialities to attract people.
After I have lived in the US for two years, the first thing that I come back to my country is to eat different local food. Compare to my country's food, American food is the food that I only can eat once in a while.
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