Progress report final assignment Essay Example | Topics and Well Written Essays - 2000 words

Progress report final assignment - Essay Example The net effect of this nervousness among lenders and creditors is to drive interest rates up in order to partly compensate for the higher risks involved (not getting repaid). Another consequence is people who have money would rather put or park their funds somewhere safe in super-safe Treasury Bills (or T-bills) guaranteed by the government instead of investing them. This lack of confidence in the economy and the future prospects of how well everyone will be doing are putting a squeeze on available credit. The credit crunch has worsened into a credit freeze in which it is now virtually impossible to borrow money. The net effect will be a continued slowing down of the economy and creates a vicious downward cycle in terms of the jobs lost, reduced tax revenues and so on. More ominously, a credit crunch affects everybody alike but the poor and working classes are adversely affected more than anybody. This results in a nation of people with reduced expectations about their standard of li ving. It means people will have to content themselves with less because a credit freeze leads to reduced economic activities which could have helped to spread and re-distribute wealth around. A credit crunch means negative consequences for almost everyone (Herbert, 2011:1). Table of Contents Introduction†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......1 Discussion......................................................................................................................3 A. Different ways on how a credit crunch impacts on individuals....†¦Ã¢â‚¬ ¦....................4 A.1. Jobs and Employment Prospects†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....4 A.2. Higher Interest rates for Everything...............................................†¦ †¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦4 A.3. Reduced Savings and Pensions...............................................................................5 A. 4. Increasing Number of Home Foreclosures....................................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦5 B. Brief Overview of the Asset Price Bubble Phenomenon†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......6 C. Failure of the Free Market Economy..........................................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦...6 C. 1. Sudden Price Increases in an Asset Class......................................................†¦Ã¢â‚¬ ¦6 C. 2. Central Bank Approaches to Mitigate Asset Bubbles†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....7 D. Preparing for a Credit Crunch†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦................7 D. 1. Gather Enough Savings.................... ..............................†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦Ã¢â‚¬ ¦7 D.2. Augment your Regular Income...............................................................................8 D.3. Look for Profitable Investment Ventures................................................................8 D.4. Be Financially Conservative...................................................................................8 D.5. Be Financially Literate............................................................................................9 Conclusion†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦....†¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦Ã¢â‚¬ ¦.......9 Bibliography..............................................................................................................10-12 Discussion Ordinary people may not know much what a credit crunch is about or

Proposed Tesco Store, Morning Lane, Hackney, London Essay

Proposed Tesco Store, Morning Lane, Hackney, London - Essay Example There will be space for eight other new shops, offices, restaurants and bars. There will be also further proposals, which include building 134 new homes, 414 car parking spaces, 252 cycle spaces and new improved pedestrian routes to and within the Tesco site including the landscaping and pavement widening in morning lane. These developments will have a major impact for the people living in that surrounding area and proper measures will be put to ensure the project is a success. This study will try to critically evaluate the retail, transport and environmental impact of the project. To achieve this proper planning have to be made and the right expert in the different fields that are being undertaken have to be consulted to achieve the desired objective. In addition, to that a detailed coordinated planning application was made which included the [preparation of retail impact assessment, planning statement, statement of community involvement. There was also coordination of the environme ntal statement, and the preparation of an impact assessment on the socio-economic impact and crime and safety (Broun, 2004, 37). The Role and Use of Evidence The use of evidence has been widely used in the planning of the proposed Tesco proposed project. The use of evidence in decision making involves integrating the best available research evidence with contextual factors including community preference, local issues, political preferences, and public health resources. The use of evidence can be applied in a range of decision-making that is at policy development, Implementation and evaluation. The benefits that can be achieved by the use of evidence as a source of information is the adoption of the most effective and cost efficient interventions, minimization of harm to the people and community as a whole and better infrastructure for the individuals and the communities. The evidence, which had been collected, has had major impact on the proposed project and have assisted in the pla nning, implementation and the evaluation of the Tesco project Transport Assessment A transport assessment report was prepared to assess the impact the project would on the transport sector and the community as a whole. An original transport assessment was submitted in 1999 on the site., but the application had some issues like for instance, the traffic queuing at the junction was considered to seriously detract from the character and the appearance of the high street/. There were other two applications, which were presented in 2003 with alternative access arrangements onto Bridge Street. Following consultations with the Highway Authority a supplementary transport assessment was produced to provide the additional information and analysis, this was submitted in the year 2004. There were further discussions with the Highway Authority and the representatives of the Local Plan Inquiry and amendments were made to the access of the road junctions, which now occupy the Bridge House Site. Th e Bridge House was to be demolished and replaced by a new building that was after discussions with the English Heritage. The assessment considered the access of important shopping centers, the trips that vehicles had to make to the store and the impact on the road networks, the walking and cycling abilities through the roads, public transport and for these to be achieved intensive consultations had to be made (Ganz, 2004, 400). According to the assessment, it was agreed that locating the