The Global Economic Meltdown

The ripple effect of the present global economic downturn is causing a reverberating effect that is having a negative impact on the countries concerned with the inclusion of the mighty U.S.A in the North America, England in Europe and our beloved country Nigeria is not left out of this debacle.
Unlike minor business contractions that may occur in one country independently of business cycles in other countries, this recent incessant downturn has been worldwide in scope. This persistent downturn has been regarded as the most severe in recent times and is even considered to be more severe than that of the great depression that took place in 1929(used to be regarded as the most widespread depression in the 20th century).
This situation has led to a financial credit squeeze condition all over the world in which the amount of credit in the world economies is restricted and so slows down economic activity. This current global financial crisis started from the U.S.A. in banks and other money lending institutions who had high liquidity and then started giving out mortgage loans (loan installment to be repaid, also called risky loans) to borrowers. Most borrowers due to their low level of income were not able to pay back their borrowed loans and this resulted into bad debts (in finance are debts which are almost impossible to recover) which had to be written off by such financial institutions. Since we are living in a globalized world the reverberating effect circulated to other parts of the world where companies that bank with such financial institutions have subsidiary companies thereby making the crisis global in scope.
The economic setback has caused the income and spending of households and businesses to decline, even though not all businesses and households experience actual declines in income but their expectations about the future becomes less certain and thereby causes the delay of making of large purchases and investments. This economic setback has forced notable corporations in the U.S.A. to close down and even the liquidation of some in Nigeria. It has affected the foreign exchange rates of different countries some positively and others negatively.
There has been change in recent times brought about by the implementation of various policies by different countries involved in the meltdown. We are looking forward to more noticeable change, improvement and finally an end to this crisis in the long run.

Babalola Oladapo

Article on Entertainment –Movie industry: Hollywood In The Buff

Have you guys noticed the trend of events in the ever bustling American movie industry (Hollywood) in the writhing sexily all over the place by notable actresses just to sell their movies?

Can you imagine a five times academy awards (prizes given annually in the U.S for excellence in the creation and production of motion pictures) winner of the Titanic fame posing ‘nude’ just to sell her movie. She is not the only veteran actress involved in this ‘nakedness show’, others involved include Angelina Jolie, Halle Berry, Cameron Diaz , Kiera Knightly and even Nicole Kidman who has got nothing to bare is not left out of this ‘nakedness party’.

Seriously, why do they allow themselves to be used like this? If the little girls do it, it’s understandable (though not right) but these are women with children for goodness sake. Do they know the threats this is posing to youths who aspire to be like them?. These bunch of youths would feel baring is the quickest way to achieving stardom. This subject of concern should be deprecated so as to finally put an end to it. Putting a stop to this nudity issue will make actresses better role models to aspiring youths and this would encourage youths to take up acting as a professional career, make nudity a forgotten issue and the world would be a better place for our youths to live in.

Babalola Oladapo A.

YWAP DOWN SOUTH'S BLOG IS BACK

Hey Guys,
This is just to inform you that our blog is back and running. We are sorry for the inconsistensies and we promise to constantly keep updating it. Thanks for staying locked!

God Bless,

Administrator