Why is the European Crisis So Much More Severe than the US Crisis and Essay

Why is the European Crisis So Much More Severe than the US Crisis and What Could Be Done to Fix It - Essay Example This crisis first manifested in late 2009 when the sovereign debt crisis was triggered by the increased levels of government debt around the world, and it was worsened by the downgrading of government debts for some European countries. Various causes of economic crises were seen for different European countries and all of these issues converged to form sovereign debts which were further increased by banking bailouts. In some other countries in Europe, their crisis was caused by private debts arising from the downturn of the property market. Greece was one of the countries which were significantly affected by this crisis. However, in general, the impact of the European crisis has been largely extensive. The impact of this crisis however seems to be larger and longer as compared to the US economic crisis as the US is now manifesting improvements in their economy. This paper shall discuss why the European crisis is so much more severe than the US crisis and what could be done to fix it. ... In effect, any economic decision and government solution imposed by the US federal government is a decision which is meant to affect the entire country, not just a particular state (Koba, 2012). For the European community however, the crisis stems from a variety of causes for different countries and any solution to be implemented by the European community would be difficult to implement to all countries (Nelson, et.al., 2012). The European crisis is taking much longer than the US crisis to resolve because it is caused by various issues. These causes seem to include the following or a combination of the following: globalized finance, flexible credit option from 2002 to 2008 which caused high-risk spending, 2007-2012 global financial crisis, global trade imbalance, real estate crisis, 2008-2012 international recession, and bailouts of banks and private bondholders (Kakutani, 2011). All of these elements combined form the European economic crisis. In the last two years, the European Zon e has carried out various considerations on how to handle their crisis. However, Greece, Ireland, Portugal, Spain, and even Italy have experienced a significant rating downgrade of their sovereign debt (Kakutani, 2011). This led to issues of default and a significant rise in borrowing costs. And, while this zone may be prompted to do whatever it would take to resolve the crisis, it would be unlikely for the situation to be resolved in the immediate foreseeable future. This crisis is not a classic currency issue (Sri Kumar, 2012). It is an issue which involves the management of economies in a currency zone, with their related economic and political issues arising from the fact that their citizens are doing

Nonverbal Communication Communication-Impacts on Small Business Research Paper

Nonverbal Communication Communication-Impacts on Small Business - Research Paper Example Words can have no or insignificant effect if they are not supported by nonverbal communication. By learning how to interpret the nonverbal communication and practicing the tactics, the business would not only create good communicators but also be having good businesspersons, which is essential for a business to reach its goals. People in organizations typically spend over 75% of their time in an interpersonal situation; thus it is no surprise to find that at the root of a large number of organizational problems is poor communications. Effective communication is an essential component of organizational success whether it is at the interpersonal, intergroup, intragroup, organizational, or external levels. Non-verbal communication consists of all the messages other than words that are used in communication. In oral communication, these symbolic messages are transferred by means of intonation, the tone of voice, vocally produced noises, body posture, body gestures, facial expressions or pauses. Small business owners should possess the ability to read the many nonverbal cues employees, customers, and suppliers may communicate. If you observe gestures, facial expressions, tone variation, etc., the probability of effective communications is significantly increased. This breakdown indicates that effective nonverbal communication skills are essential. ... There is nothing worse than delivering a speech about how well your organization is doing while at the same time, shrugging, frowning and turning away from the audience. You would be sending mixed messages and based on the above scale no one in the audience will believe that the company is actually performing well. Effective communication is the combined harmony of verbal and nonverbal actions. Nonverbal communication consists of body movement, facial expressions, and eye movement. Body Movement indicates attitude, conveys feelings serves as illustrators and regulators. Illustrators are nonverbal movements that accompany and illustrate verbal communication. Regulators are nonverbal cues that monitor or control the speaking of another individual. While listening to a person you nod your head to indicate that you understand and are in agreement with the speaker. You look away or yawn to indicate that you are bored or would like for the speaker to stop talking. You frown or raise your eyebrows to indicate to the speaker that you either don't believe they are that you don't understand. Non-verbal behavior predates verbal communication because of individuals, since birth, rely first on non-verbal means to express themselves. This innate character of non-verbal behavior is important in communication. Even before a sentence is uttered, the hearer observes the body gestures and facial expressions of the speaker, trying to make sense of these symbolic messages. They seem to be trustable because they are mostly unconscious and part of every-day behavior. People assume that non-verbal actions do not lie and therefore they tend to believe the non-verbal message when a verbal message contradicts it. Â