Unless you’ve been living under a rock for the last two years, you’ve heard mention of the global financial crisis crippling businesses and nations. In this week’s blog entry, the ipl2 blog will highlight different resources to keep you informed about the financial crisis. This week we’ll highlight two websites that provide an overview of the causes of the crisis, analysis of the current proposals to solve the problem, and ways you can protect your own financial future during this turbulent time.
New resources that will be added to the ipl2 are noted NEW! All other resources are already listed in the ipl2 collections.
NEW! Current Event — Ireland and the Crisis
The financial Crisis has not finished claiming victims. The Independent from Ireland reports that Ireland’s Green Party called for general elections to be held, and for the current government to be dissolved. This comes after politicians accepted a bailout from the IMF and other European countries. Read the article for more details.
Timeline of the Financial Crisis
This website “provides information related to … market events and the actions the [Federal Reserve] and other governmental enterprises have taken” related to “a period of severe turbulence in world financial markets.” Includes a timeline (starting February 2007), financial and Federal Reserve monetary data, publications, news, and links to relevant government websites. From the Federal Reserve Bank of St. Louis.
NEW! Origins of the Credit Crisis
The New York Times published an informative article that details the origins of the credit crisis, which helped spur the world wide financial meltdown. The article highlights that lower interest rates coupled with higher demand for home purchases and loan refinancing created a situation where the quality of home loans began to degrade. This in turn helped to create the credit crisis.
NEW! Surviving the Crisis — Advice from The Telegraph
The British publication, The Telegraph, provides an excellent resource on their website of different tips and ideas to help save money and make the most of the turbulent financial times worldwide. Although geared towards British markets, the articles included provide sound financial advice that can be applied to any market. Of particular interest is the Step-by-Step Survival Guide.
Thanks for checking in, hopefully this week’s blog entry made you more informed about the financial crisis, and provided some helpful pointers to weather the rest of the economic storm.