There are so many multi- national companies shut down because of global crises. Because of that, there were so many employees became jobless. There were also many insurance companies and pre-need companies shut down with no other reason global crises. Global crises are like an epidemic that suddenly attacks big time companies and their employees. Can you imagine how their people or employees reacted when announcement was made by their bosses that their company is on closure? It will be liked they were hit by a very sharp knife. One big company that shut down is The American Insurance Group of Companies (AIG), and this company is so famous. It is the umbrella of almost all big time insurance companies that sell life insurance, (long term, short term, endowment) educational plans, ( from elementary up to college educational plans), Life Plans, and other kinds of plans all over the world. Who would believe that it shut down and shook the world, for of course, AIG is the insuring company to insurance companies and if there are casualties or redemption of insurance claims AIG backed-up as the mother insurance company?
Global crises affect the economy of the world including banking companies. There are so many bank merging and closing because they cannot anymore support the bank holders with the highest rate and low returns. They cannot anymore pay their employees for those depositors also withdrew their savings and time deposits for fear of sudden closure and bankruptcy that really happens in reality. There are so many banks that declared bankruptcy and allow the depositors to claim back their savings or deposits. Bank closures happened during the declaration of global crises. Many agents also suffer for their permanent clients to insure their properties and lives would surely find a cheaper insurance company for reasons that correlate to global crises.
Global crises affect human lives for prices of commodities soar high and their income remain the same. Young and old suffer for both have human needs like food, education, shelter, and housing. Gone will be the days when those extravagant people keep on shopping despite not important. People learn to save and thrift. Private colleges and universities are also affected with global crises for many parents cannot anymore afford to send their children to higher level of education. This is so because tuition fees also increase and only those who have better jobs and business operators can afford to send their children to private colleges and universities.
Global crises kill many dreams and lifestyles of people in the world.
Photo is mine shot at Auckland, New Zealand Downtown
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Never pray for global crisis....its the most miserable thing that has ever happened to the existence of man kind.
A Global crises is not good at all, there's already many states in united states that had been busting their tales to build the place up and get more jobs. The employment is crazy the world is changing in good and bad but its only going to continue growing bad over the good.
Crisis are inevitable in human affairs. It's a natural phenomenon that has existed with man since creation and as such can not be curbed completely.
It has reduced the world to an agonizing state, thereby making life difficult for people and governments.
Global crises has been an issue of great concern globally as it disrupts the political, economic, social, environmental lives of man.
And the effects of these crisis are enormous but then governments, individuals, orgs.etc., will keep strategizing, creating reforms in order to lighten up these problems and to help dealing with the future ones if not to prevent them but to reduce them.
@EdidiongJoseph, Ho? The world had started to suffer and face Global rises 7 or 8 years ago.That time the world was in extreme disaster. Mayne you know the biggest insurance umbrella of all the insurance Comanches in the world the AMERICAN INSURANCE GROUP OF COMPANIES(AIG) I knew AIG because I am also an insurance license broker.The year when many banks shut down, the reason for that was the global crises that affect the business world.
@Miranda Hunt, You are right , all great nations in the world are trying hard to save the global crises of the world all face. Gradually all that shake every in fear may be paved by hopes and chances are great for people also help the nation where they belong to restore back progress and development, thus everyone may enjoy life to the fullest again, That is why we have to be thankful to the world for it is technology that lets each nation rise again, and one help the technology introduces that helps the many is this, online jobs hehehe. That is why no matter what, we still strive to have extra income to fight back global crises.Let us thank to our technology and the investors.
@Anita, Thanks girl for you nice and appreciative comment to my blog. Every nation had rebuilt the causes of global crises that is within the area of its own concern, though a nation that is not superior must seek alliance to superior countries to avoid extreme hunger its people may experience. Those superior countries are also affected by global crises, but they know much how to make their country the greatest again compared to countries int he third world, can never stand alone. They need assistance from superior countries like United States. This time, there is a promise of sustainability of a country because of technology. Technology truly changes lives, so we are here now experiencing another extra income because of it.Thanks.