Subject:
All Disciplines Arts & Humanities Biology & Life Sciences Business & Economics Chemistry & Materials Science Computer Science & Mathematics Engineering Environmental & Earth Sciences Medicine & Pharmacology Physical Sciences Public Health & Healthcare Social Sciences
Sort:
Hottest Latest Alphabetical (A-Z) Alphabetical (Z-A)
Type:
All Topic Review Biography
Topic Review
2008–09 Belgian Financial Crisis
The 2008–09 Belgian financial crisis is a major financial crisis that hit Belgium from mid-2008 onwards. Two of the country's largest banks – Fortis and Dexia – started to face severe problems, exacerbated by the financial problems hitting other banks around the world. The value of their stocks plunged. The government managed the situation by bailouts, selling off or nationalizing banks, providing bank guarantees and extending the deposit insurance. Eventually Fortis was split into two parts. The Dutch part was nationalized, while the Belgian part was sold to the French bank BNP Paribas. Dexia group was dismantled, Dexia Bank Belgium was nationalized.
  • 1.0K
  • 01 Dec 2022
Topic Review
2008–2009 Kenya Drought
Template:Infobox famine Between 2008 and early 2010, Kenya, one of the countries of Eastern Africa, was affected by a severe drought, which put ten million people at risk of hunger and caused a large number of deaths to livestock in Kenyan Arid and Semi-Arid Lands (ASALs), constituting around 88% of the country. The areas which experienced the worst effects were Northern Kenya, Somalia and Southern Ethiopia, most severely in Kajiado and Laikipia. These predominantly pastoral regions reported deaths of up to half of the livestock. Droughts in Kenya have become more frequent causing crop failures and devastation as three-quarters of the population are sustained by agriculture.
  • 503
  • 17 Oct 2022
Topic Review
2009 Flu Pandemic Vaccine
The 2009 flu pandemic vaccines were influenza vaccines developed to protect against the pandemic H1N1/09 virus. These vaccines either contained inactivated (killed) influenza virus, or weakened live virus that could not cause influenza. The killed vaccine was injected, while the live vaccine was given as a nasal spray. Both these types of vaccine were produced by growing the virus in chicken eggs. Around three billion doses were produced, with delivery in November 2009.Cite error: Closing missing for tag providing a strong protective immune response and having similar safety profile to the usual seasonal influenza vaccine. However, about 30% of people already had some immunity to the virus, with the vaccine conferring greatest benefit on young people, since many older people are already immune through exposure to similar viruses in the past. The vaccine also provided some cross-protection against the 1918 flu pandemic strain. Early results (pre-25 December 2009) from an observational cohort of 248,000 individuals in Scotland showed the vaccine to be effective at preventing H1N1 influenza (95.0% effectiveness [95% confidence intervals 76.0–100.0%]) and influenza-related hospital admissions (64.7% [95% confidence intervals 12.0–85.8%]). Developing, testing, and manufacturing sufficient quantities of a vaccine is a process that takes many months. According to Keiji Fukuda of the World Health Organization, "There's much greater vaccine capacity than there was a few years ago, but there is not enough vaccine capacity to instantly make vaccines for the entire world's population for influenza." The nasal mist version of the vaccine started shipping on 1 October 2009.
  • 919
  • 17 Oct 2022
Topic Review
2009 Swine Flu Pandemic Vaccine
The 2009 swine flu pandemic vaccines were influenza vaccines developed to protect against the pandemic H1N1/09 virus. These vaccines either contained inactivated (killed) influenza virus, or weakened live virus that could not cause influenza. The killed virus was injected, while the live virus was given as a nasal spray. Both these types of vaccine were produced by growing the virus in chicken eggs. Around three billion doses were produced, with delivery in November 2009.Cite error: Closing missing for tag providing a strong protective immune response and having a similar safety profile to the usual seasonal influenza vaccine. However, about 30% of people already had some immunity to the virus, with the vaccine conferring greatest benefit on young people, since many older people are already immune through exposure to similar viruses in the past. The vaccine also provided some cross-protection against the 1918 flu pandemic strain. Early results (pre-25 December 2009) from an observational cohort of 248,000 individuals in Scotland showed the vaccine to be effective at preventing H1N1 influenza (95.0% effectiveness [95% confidence intervals 76.0–100.0%]) and influenza-related hospital admissions (64.7% [95% confidence intervals 12.0–85.8%]). Developing, testing, and manufacturing sufficient quantities of a vaccine is a process that takes many months. According to Keiji Fukuda of the World Health Organization, "There's much greater vaccine capacity than there was a few years ago, but there is not enough vaccine capacity to instantly make vaccines for the entire world's population for influenza." The nasal mist version of the vaccine started shipping on 1 October 2009.
  • 597
  • 29 Nov 2022
Topic Review
2010 Flash Crash
The May 6, 2010, Flash Crash, also known as the Crash of 2:45, the 2010 Flash Crash or simply the Flash Crash, was a United States trillion-dollar stock market crash, which started at 2:32 p.m. EDT and lasted for approximately 36 minutes.:1 Stock indexes, such as the S&P 500, Dow Jones Industrial Average and Nasdaq Composite, collapsed and rebounded very rapidly. The Dow Jones Industrial Average had its second biggest intraday point drop (from the opening) up to that point, plunging 998.5 points (about 9%), most within minutes, only to recover a large part of the loss. It was also the second-largest intraday point swing (difference between intraday high and intraday low) up to that point, at 1,010.14 points. The prices of stocks, stock index futures, options and exchange-traded funds (ETFs) were volatile, thus trading volume spiked.:3 A CFTC 2014 report described it as one of the most turbulent periods in the history of financial markets.:1 When new regulations put in place following the 2010 Flash Crash proved to be inadequate to protect investors in the August 24, 2015 flash crash—"when the price of many ETFs appeared to come unhinged from their underlying value"—ETFs were put under greater scrutiny by regulators and investors. On April 21, 2015, nearly five years after the incident, the U.S. Department of Justice laid "22 criminal counts, including fraud and market manipulation" against Navinder Singh Sarao, a trader. Among the charges included was the use of spoofing algorithms; just prior to the Flash Crash, he placed thousands of E-mini S&P 500 stock index futures contracts which he planned on canceling later. These orders amounting to about "$200 million worth of bets that the market would fall" were "replaced or modified 19,000 times" before they were canceled. Spoofing, layering, and front running are now banned. The Commodity Futures Trading Commission (CFTC) investigation concluded that Sarao "was at least significantly responsible for the order imbalances" in the derivatives market which affected stock markets and exacerbated the flash crash. Sarao began his alleged market manipulation in 2009 with commercially available trading software whose code he modified "so he could rapidly place and cancel orders automatically." Traders Magazine journalist, John Bates, argued that blaming a 36-year-old small-time trader who worked from his parents' modest stucco house in suburban west London for sparking a trillion-dollar stock market crash is a little bit like blaming lightning for starting a fire" and that the investigation was lengthened because regulators used "bicycles to try and catch Ferraris." Furthermore, he concluded that by April 2015, traders can still manipulate and impact markets in spite of regulators and banks' new, improved monitoring of automated trade systems. As recently as May 2014, a CFTC report concluded that high-frequency traders "did not cause the Flash Crash, but contributed to it by demanding immediacy ahead of other market participants.":1 Some recent peer-reviewed research shows that flash crashes are not isolated occurrences, but have occurred quite often. Gao and Mizrach studied US equities over the period of 1993–2011. They show that breakdowns in market quality (such as flash crashes) have occurred in every year they examined and that, apart from the financial crisis, such problems have declined since the introduction of Reg NMS. They also show that 2010, while infamous for the Flash Crash, was not a year with an inordinate number of breakdowns in market quality.
  • 2.8K
  • 30 Nov 2022
Topic Review
2010 Gang Rapes in Cleveland, Texas
The 2010 gang rapes in Cleveland, Texas were a series of acts of sexual violence committed by a group of adult men and teenage boys on an underage girl in the town of Cleveland, in Texas , USA.
  • 1.2K
  • 21 Nov 2022
Topic Review
2010–14 Portuguese Financial Crisis
2010–14 Portuguese financial crisis was part of the more wider downturn of the Portuguese economy that started in 2001 and possibly ended in 2016–17. The period from 2010 to 2014 was probably the hardest and more challenging part of the entire economic crisis; this period includes the 2011–14 international bailout to Portugal and was marked by an intense austerity policy, intenser than in any other period of the wider 2001–17 crisis. Economic growth stalled in Portugal in 2001–02; following years of internal economic crisis, the (international) Great Recession started to hit Portugal in 2008 and eventually led to the country being unable to repay or refinance its government debt without the assistance of third parties. To prevent an insolvency situation in the debt crisis, Portugal applied in April 2011 for bail-out programs and drew a cumulated €78.0 billion from the International Monetary Fund (IMF), the European Financial Stabilisation Mechanism (EFSM), and the European Financial Stability Facility (EFSF). Portugal leaved bailout in May 2014, the same year that positive economic growth re-appeared following three years of recession. The government achieved a 2.1% budget deficit in 2016 (the lowest since the restoration of democracy in 1974) and in 2017 the economy grew 2.7% (the highest growth rate since 2000). Greece and Ireland also went into a debt crisis in 2010. Together these debt crisis of these three countries marked the start of the European sovereign debt crisis.
  • 3.2K
  • 06 Oct 2022
Topic Review
2010s in Political History
2010s political history refers to significant political and societal historical events of the 2010s, presented as a historical overview in narrative format.
  • 1.1K
  • 04 Nov 2022
Topic Review
2012 Phenomenon
The 2012 phenomenon was a range of eschatological beliefs that cataclysmic or transformative events would occur around 21 December 2012. This date was regarded as the end-date of a 5,126-year-long cycle in the Mesoamerican Long Count calendar, and festivities took place on 21 December 2012 to commemorate the event in the countries that were part of the Maya civilization (Mexico, Guatemala, Honduras, and El Salvador), with main events at Chichén Itzá in Mexico and Tikal in Guatemala. Various astronomical alignments and numerological formulae were proposed for this date. A New Age interpretation held that the date marked the start of a period during which Earth and its inhabitants would undergo a positive physical or spiritual transformation, and that 21 December 2012 would mark the beginning of a new era. Others suggested that the date marked the end of the world or a similar catastrophe. Scenarios suggested for the end of the world included the arrival of the next solar maximum, an interaction between Earth and the supermassive black hole at the center of the galaxy, or Earth's collision with a mythical planet called Nibiru. Scholars from various disciplines quickly dismissed predictions of cataclysmic events as they arose. Mayan scholars stated that no classic Mayan accounts forecast impending doom, and the idea that the Long Count calendar ends in 2012 misrepresented Mayan history and culture. Astronomers rejected the various proposed doomsday scenarios as pseudoscience which is easily refuted by elementary astronomical observations.
  • 2.5K
  • 07 Nov 2022
Topic Review
2014 Taiwan Food Scandal
The 2014 Taiwan food scandal refers to a series of food safety incidents in Taiwan that came to light in 2014. Adulteration of cooking oil with recycled waste oil and animal feed oil was discovered in September 2014. Despite coming to light only in 2014, mass food adulteration by Taiwanese food conglomerates, however, has been suppressed for decades, and the food safety crisis has been among the reasons for the electoral defeat of the Kuomintang in late 2014. At least 1,256 businesses were affected in the gutter oil scandal. In November 2014, it was found that dried tofu products (a.k.a. dougan 豆乾) have been adulterated with an industrial dye, methyl yellow (a.k.a. dimethyl), for some 20 years. In December 2014, it was furthermore found that even regular non-dyed tofu has been found contaminated with carcinogens, resulting in over 25,000 kg recalled.
  • 1.7K
  • 28 Nov 2022
  • Page
  • of
  • 5490
Featured Entry Collections
>>

Featured Books

>>
Encyclopedia of Social Sciences
Encyclopedia of COVID-19
Encyclopedia of Fungi
Encyclopedia of Digital Society, Industry 5.0 and Smart City
Video Production Service
Feedback