② Electricity crisis
- The California electricity crisis, also known as the Western U.S. Energy Crisis, of 2000 and 2001 was a situation where California had an artificial shortage of electricity. The state suffered from multiple large-scale black-outs, one of the state's largest energy companies collapsed, and the economic fall-out greatly harmed Governor Gray Davis's standing.
Artificial
(1) Bubble increase of the housing industry.
Following is the background of Bubble increase of the housing market.
Easy Money Policy of FRB(Federal Reserve Board)
In the housing industry of USA formed mortgage-system, the interest-rate is the factor that decide market price and adjust the demand and supply of the housing market, and also is main channel of currency policy.
After 『dot-com
Another source of indirect costs of financial distress is higher costs of capital: Short-term loans by contractors and banks are expensive and difficult to obtain (http://www.investopedia.com),
Financial distress brings the bankruptcy so it has also brings about workout. The process of working with a lender to explore alternatives to foreclosure or bankruptcy after a default. This may invo
EXECUTIVE SUMMARY
The paper is structured into 7 major parts. First, it gives an introduction of the company K-mart. Introduction is about what Kmart is, what countries Kmart places , who is the CEO in this company and about the merger. After this, there is a SWOT-Analysis of K-mart. It explains about the strength, weakness, opportunity and threat of Kmart. Also there is the process of the ba
Reorganization is re-evaluating process of asset for fair market value and re-adjusting of dept and capital.
It is done when a company goes through a financial crisis.
Usually, prior to bankruptcy a corporation tries to continue its management by reorganization or by dividing the assets.
What is the meaning of bankruptcy to the Delphi
Competent CEO
“ I will only receive one dollar