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Economic credit difficulties

BY: Gerry Legister | Category: Business and Finance | Post Date: 2010-02-09
 



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   Gerry Legister
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The US economic credit difficulties has triggered immense job cuts and forced millions of people to lose their homes through mortgage payment default, and more people are becoming worried as there appear to be no slowing down of the crisis, the problem has contributed to the breakdown of the family unit in some places, but marriage which were under threat, seemed to be abating, as many couples come to terms with the lack of money and are divorcing less

Life in modern America, is not as prosperous as in previous decades, when surplus cash was found in abundant, now people are down on their heel, in collision with debt, going out to fewer social events, and generally been careful about what they spent money on, knowing that the worst of the financial situation is still to pass the mark of the great depression.

So the consequences could be even more dire, credit crisis has had some strange and unintended consequences on individual's freedom and lifestyle, and the inconsistency of the stock market has continued to give investors the jitters, for example, some business has canceled vast expansion plans, preferring instead to sit and carefully watch the market trend before attempting to reinvest in alternative portfolios.

The global financial crisis has also had a knock on effect on state execution, and it appears that after years of stalemate debate over the entire morality of state execution, that money been so tight to get hold of, has also cost a setback in this region of judicial accountability, and the move has forced the mindset of politicians who previously were in favor of capital punishment to rethink, some are considering abolishing the death penalty altogether, because it is simply too expensive.

Execution process is at least ten times more costly, than to keep inmate on remand in prison, appeals can cost the state incredibly vast sums of money in legal representatives, along with the implemented cost of guarding high profile death row inmate, and the whole issue is a massive over expenditure necessity that could be done away with altogether.

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