(cite) According to David Whitten a Professor at Auburn University, the unemployment rate in 1893 exceeded ten percent. Then, on October 29, 1929, America experienced an economic meltdown, it was dubbed “Black Tuesday.” This was do to the crash of the U.S. stock market. The Dow opened that day at 299.6, but crashed 68.9 points to close at 230.7, losing 23 percent of its value. (cite) “Black Tuesday” would give
The price for the barrels averaged at a high of $105 in the first week of May and the price of a gallon in Houston was at a decreasing $3.74 from $3.89 about three weeks ago. The test of economics relating to the cost of resources versus the product isn’t sufficient because even at the highest peak in a month for crude oil, prices were still falling per gallon which leads to the other factor, the number of sellers/ suppliers. Every under construction site lately has been the input of a new gas station. This supports the slow falling price as the market widens with new competition. In the Cypress/Katy area there have been over ten new stations
In the five years before the ban, the murder rate fell from 37 to 27 murders per 100,000 people. In the five years after it went into effect, the rate rose back up to 35.” (Lott, Making Guns Less Available Does Not Reduce Gun Violence, 2011). The same situation also happened in Chicago. “Chicago has banned all handguns since 1982. But that handgun ban didn't work at all when it came to reducing violence.
PPG anticipated its full-year share repurchases to be at the high end of what they had originally projected. They also reported earnings per share from continuing operations to be $1.52, which included previously announced charges from restricting and nonrecurring costs. (About PPG, 2013) The health of the economy is critical for the company because its products are not primary products; so during a recession, people will choose to purchase items of more importance than maintenance products. This explains the big decline in revenues for 2012; this equates to a 14% drop compared to the previous year. Also, it can be seen the earnings per share were down by 12% and the return on average capital was down by 10%.
In the first article by Mark Williams he discusses how the price of crude oil has dropped and is almost lower than last year for the first time despite Organization of the Petroleum Exporting Countries (OPEC) having to cut huge production in an attempt to halt the decline in prices. The article contains solid facts about the plunge of oil prices but goes on to explain how despite the lower costs of gas Americans are still not driving as much as they were last year and are using public transportation and starting to car pool a lot more. Thus, causing crude oil prices to go down
Total losses for the four days: $30 billion, 10 times federal budget and more than the U.S. had spent in World War I ($32B estimated). The crash wiped out 40 percent of the paper value of common stock. Although this was a cataclysmic blow, most scholars do not believe that the stock market crash, alone, was sufficient to have caused the Great Depression. And the next possible cause is bank failure.In 1929, there were 25,568 banks in the United States; by 1933, there were only 14,771. Personal and corporate savings dropped from $15.3 billion in 1929 to $2.3 billion in 1933.
However, The Chevy volts relative market share is only 5.24 %, therefore its pre-tax profit compared to its 3 main competitors is well below average. The calculations of the Volt’s pre-tax profits are illustrated in Appendix II. * The sales of the Chevrolet Volt since it was first launched in 2010 are very volatile and they show the struggles that the Volt went through in its first year of being on the market. For example from January to February, sales decreased by 12 percent but then in March they suddenly increased by 116%. Also, in June there was a drastic decrease in sales of 78% due to the Volt catching fire during a test drive.
1. BOOK VALUE AND MARKET VALUE PER SHARE StarHub’s book value per share fell by nearly 60%, from 3.15 cents in 2010 to 1.32 cents in 2011. While this may make StarHub appear less attractive to investors, the fall in book value is mainly attributed to the large fall of $31.4 million in shareholder’s equity, which resulted from lower retained profits after distribution of dividends. StarHub’s market value per share as at 31 December 2011 was $2.91. Over the last year, its share price has risen from $2.63 to $2.91 and there are no signs of slowing down in its growth.
We have one of the worst adolescent suicide rates in the world. On average 294 youths die from suicide in a year. These rates have tripled since 1970. For every completed suicide there are an estimated 30 – 50 attempts. Suicide affects 1 in 13 Canadians.
The policy of reducing debt made MC leave the company with just $36 million cash which was well under the number of 1990 ($283 million cash ). MC’s stock prices fell more than two-thirds from $33.38 in 1989 to $10.50 in 1990, resulting in a drop of $2 billion in market capitalization; even if in 1991 it went up to $16.50. Another consequence was an important decrease of Times interest earned from 2.6 in 1989 to 1.4 in 1990 and 1.5 in 1991 which triggered a depreciation of bond rating from A3 in 1989 to Baa3 in 1991 quite close to junk bonds. For the future this is a strong signal of the MC financial crisis situation. Most liquidity and solvency indicators show that the group would have not been unable to cover its current obligations/liabilities and was close to bankruptcy.