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For example, the wrong distribution of responsibility, to be remiss with payments, bills and taxes and neglecting responsibility, financial problems and economical standing can cause great financial mismanagement and further on devastate your economy. By looking to various cases where the financial management has gone wrong we will be able to ...
[1] [2] Financial crises directly result in a loss of paper wealth but do not necessarily result in significant changes in the real economy (for example, the crisis resulting from the famous tulip mania bubble in the 17th century). Many economists have offered theories about how financial crises develop and how they could be prevented.
Depfa, one of the companies subsidiaries ran into liquidity problems in 2008 as a result of the financial crisis. This combined with heavy losses reported by Hypo Real Estate itself led to a bailout by the Deutsche Bundesbank and later to a complete nationalization of the company. Schlecker: Germany: 23 Jan 2012: Retail
According to a survey from Resume Now, the top three financial issues Americans are stressed about are credit card debt (34%), building emergency savings (21%) and saving for retirement (30%)....
Unexpected changes in spending habits often reflect underlying financial issues. For example, feeling out of control of your money and turning to overspending only leads to accruing more debt as a ...
The list goes on. Housing assistance, for many people the difference between losing a job and losing everything, has been slashed into oblivion. (To pick just one example, in 2014 Baltimore had 75,000 applicants for 1,500 rental vouchers.) Food stamps, the closest thing to universal benefits we have left, provide, on average, $1.40 per meal.
“Whatever financial goals you set, make them SMART — Specific, Measurable, Action-oriented, Realistic and Timely.” And whatever else, don’t compare your goals or finances to others. More ...
Similar issues occur when a publicly held asset or non-profit organization undergoes privatization. Executives often profit greatly. Again, they can help by making the organization appear to be in financial crisis. This lowers the sale price, and makes non-profits and governments more likely to sell.