John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
The latter have demonstrated disturbing patterns of open violence and a lack of respect for the rule of law. Should they become entrenched even in limited areas of the country; Haiti will likely find itself hosting an increasing number of international criminal enterprises as hemispheric cartels take advantage of the areas of opportunity. Violence, endemic disorder, and conflict have marked much of Haiti’s 200 year history. There have been 34 changes of government since Haiti won its independence from France in 1804; most of these changes have been violent. Haiti was founded following a long period of slave revolutions and civil wars that lasted from 1791-1804.
This rigidity forces the economy towards stagnation. The country’s economy entered the worst phases, nearly collapsing in the 1990s. The disintegration of the Soviet Union followed by severe food crisis due to a series of natural disasters (hails in 1994, flooding in 1995-1996, and droughts in 1997) and mismanagement by the government pushed North Korea into a crisis that lasted till today. GDP of North Korea The Gross Domestic Product (GDP) of North Korea is estimated at $33.3 billion (2013), a rise of 1.1 percent over the year 2012. In terms of GDP per capita, North Korea ranks at the 194 spot with its per capita GDP of $1,800 according to the CIA Factbook.
Like the rebuilding of Ground Zero in New York, recovery and healing will take years. The outbreak of a cholera epidemic, coupled with what can only be called bungled elections have been tremendous setbacks. According to the Inter-American Development Bank, the damage may amount to twice the value of the annual economy. In 2008, Haiti produced only $7 billion in goods and services. According to the World Bank, the earthquake caused damages estimated between $8-$14 billion.
Hurricane Katrina became known as one of the most disastrous and expensive natural disasters in US history. Four months after the storm hit, the death toll was over 1,300 with hundreds still missing and the estimated property damage exceeded $75 billion. It also became one of embarrassment for our country due to our government’s failure to properly respond and poor communications. There are many lessons we can learn from their poor response, including how to properly assess risk, plan in a timely manner, and communicate effectively. Since New Orleans primarily lies below sea level, the protective barriers or levee systems should have been assessed to determine the winds it was capable of withstanding.
Possibly the most important showdown was the debt-ceiling fight of August 2011. It “threatened the country's ability to meet its financial obligations and resulted in an unprecedented downgrade in the U.S. credit rating by Standard and Poor's. The subsequent failure of the bipartisan super-committee to reach a deal on $1.2 trillion in targeted budget savings over ten years unleashed automatic spending cuts for both defense and non-defense spending”
Ike was a huge economic burden to the U.S. and “estimates suggest Ike may become one of the costliest hurricanes on record” (FEMA 10). Hurricanes are known for causing severe structural damage to houses, but also have an effect on many businesses as well. Many people had to evacuate and be out of work for up to two weeks due to power outage and debris. Also, some businesses were damaged by flooding and wind, which caused the loss of crucial business equipment. Businesses were flooded along the Texas coast and lost all of their vital technology such as computers, telephones, and other office equipment.
Aid agencies have estimated that up to two million people have died since the mid-1990s because of acute food shortages caused by natural disasters and economic mismanagement. The country relies on foreign food aid. The totalitarian state also stands accused of systematic human rights abuses. Amnesty International estimates that hundreds of thousands of people are held in detention facilities, in which it says that torture is rampant and execution commonplace. Pyongyang has accused successive South Korean governments of being US "puppets", but South Korean President Kim Dae-jung's visit in 2000 signalled a thaw in relations.
Massacres have been reporter to occur in Abidjan and the west of the country where refugees have settles. UNHCR teams are still trying to accommodate as best they can the refugees, though more than 1million citizens have been displaces since March 2011. Life threatening situations have been continual for Haiti, as hurricanes after earthquakes follow. On January 10th, 2010, an earthquake hit Haiti and killed an estimated toll of 200’000-250’000 people(Doc.10). A maximum of 66’620 citizens were still living in camps in 2010.