Hard Times
With remarkable speed, through 2008, damage from the subprime mortgage crisis in the United States spread from “Wall Street ” to “Main Street. ” A sharp economic downturn whose early symptoms became apparent with the collapse, merger, or government acquisition of a string of major US banks and insur...
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| Format: | Text |
| Language: | English |
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| Online Access: | http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.610.2469 http://www.ahc.umn.edu/img/assets/26102/BioethicsExaminer_rd4.pdf |
| Summary: | With remarkable speed, through 2008, damage from the subprime mortgage crisis in the United States spread from “Wall Street ” to “Main Street. ” A sharp economic downturn whose early symptoms became apparent with the collapse, merger, or government acquisition of a string of major US banks and insurers has raced around the world, devastating economies in Iceland and elsewhere, and worsened to become what The World Bank characterizes as a global recession.1 Massive tectonic shifts within the US economy will have profound effects upon health, illness, health care institutions, and entire communities. Some effects are already apparent; other consequences will in time become obvious. Confronted with frozen credit markets, plummeting |
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