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The Global Financial Crisis in Late 2008 - Article Example

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The aim of the paper “The Global Financial Crisis in Late 2008” is to analyze a crisis in the financial sector in the United States and Europe in late 2008, which has developed into a worldwide economic crisis. Aid is drying up for needy countries because wealthy countries have gone into debt…
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The Global Financial Crisis in Late 2008
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The Global Financial Crisis in Late 2008The number 1 world event of 2009 is the global financial crisis. What started as a crisis in the financial sector in the United States and Europe in late 2008 has developed into a world wide economic crisis. Aid is drying up for needy countries because wealthy countries have gone into debt to stimulate their own economies. Many people have lost jobs as a result of this crisis.The number 2 world event of 2009 is the inauguration of Barak Obama as president of the United States.

Barak Obama promises a change from the Bush administration’s foreign policy. He is committed to seeking peaceful solutions to world problems.The number 3 world event of 2009 is the protests about the election in Iran. This is important because the cruelty of this regime was captured for the world to see. The young woman named Nela died while the world watched on the Internet. This will show everyone that Iran should never have nuclear weapons.The number 4 world event is the peaceful elections in the country of Kosovo.

Serbia and Russia will not recognize this country and were counting on the first election to be rife with protests and violence. This was not the case so the people of Kosovo will have fairly elected local officials. This will be a great step towards the recognition of Kosovo as an independent nation by the international community.The number 5 world event was the death of Michael Jackson. The self-proclaimed “King of Pop” had lived the last few years of his life under allegations of child molestation.

Now that he is dead, everyone around the world feels free to enjoy his music again.The number 6 world event in 2009 is the world climate meeting in Copenhagen. Some are hoping that some sort of international treaty will be signed at this conference so we can reverse global climate change. Other people feel that major countries such as the United States will not sign a treaty.The number 7 world event in 2009 is battling the Swine Flu. Many governments and other organizations are scrambling to get vaccinations to people most likely to be affected by this epidemic.

This flu is especially frightening because it has shown that it is capable of making healthy people very sick very quickly. The number 8 world event is a series of doping allegations in sport. Sports from cycling to baseball to tennis have been rocked in 2009 by athletes testing positive for steroids and other recreational and performance enhancing drugs.The number 9 world event of 2009 is the discovery of water on the moon. This discovery shows that is a moon base would be built; there might be some water resources available for the astronauts to use.

The number 10 world event of 2009 is the unveiling of the hominid skeleton known as Ardi. This discovery has changed how many scientists view human evolution. Ardi was 4.6 million years old and seems to indicate that human ancestors lived in trees as well as being able to walk and run on two legs while on the ground.

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