What leads citizens to vote for 'anti-establishment' parties?

The first national elections that were held in Europe after the economic crisis of 2008 revealed rather a clear political map. In almost all countries (especially in southern and eastern Europe), challenger parties obtained ...

China launches Sudan's first ever satellite: official

Sudan's first ever satellite for conducting research in military, economic and space technology has been launched by China, the northeast African country's ruling body said Tuesday.

The impact of consumer finance reforms since the Great Recession

In an important new article, University of Pennsylvania Law School Professor Natasha Sarin deploys original empirical research to examine the impact of key consumer finance reforms implemented in the wake of The Great Recession. ...

US media sector braces for brutal year for jobs

The struggling US media industry is facing its worst year for job layoffs in a decade as news organizations continue to cut staff and close shop, according to a new survey.

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Financial crisis

The term financial crisis is applied broadly to a variety of situations in which some financial institutions or assets suddenly lose a large part of their value. In the 19th and early 20th centuries, many financial crises were associated with banking panics, and many recessions coincided with these panics. Other situations that are often called financial crises include stock market crashes and the bursting of other financial bubbles, currency crises, and sovereign defaults.

Many economists have offered theories about how financial crises develop and how they could be prevented. There is little consensus, however, and financial crises are still a regular occurrence around the world.

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