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The Great Depression was the biggest crisis ever experienced by the world economy. It hit almost every country. The highly developed economies of Western Europe and the United States: the less developed ones like Canada and, Australia, Japan and Argentina: and the underdeveloped countries of Latin America, Asia and Africa, just as soon as they became involved in the world market. Many countries experienced the catastrophic breakdown of their national economies, and only a few came away without major damage. The Depression manifested itself in events which had no obvious relevance for many people, such as the complete deterioration of stock prices, the dissolution of the international currency system or the fall of world prices.Statistics cannot convey the extent of the effects of the Depression. In 1932, 30 million people were unemployed, while millions more suffered from short hours and extremely low wages. The consequences were hunger, higher mortality rate apathy and hopelessness, as well as an increase in crime. The Great Depression hit America unprepared. At the end of the 1920s people in developing nation had no idea of what was coming. Even leading industrialists and businessmen were full of optimism. In the New York Times of October 29th 1928, Alfred Sloan, president of General Motors, declared his “conviction that our general economic and industrial situation is thoroughly sound”. The fact, the American economy had shown signs of weakness even before 1929. Investment opportunities were no longer unlimited, as demand fell off during the second half of the 1920’s especially for housing and durable consumer goods. In agriculture, at this time still an important factor in the national economy, real incomes had stopped growing: falling prices in the world market posed big problems for American farmers too. The buoyant bull market at the New York Stock Exchange in 1928 had produced record speculation, eventually culminating in the Crash of 1929, which not only reinforced the recession but finally destroyed confidence in the expansion of the 20’s. Even though New York capital markets were brought back under control relatively fast, the slide into the Depression had started. What is Economic Recession? Some economists also suggest that a recession occurs when the natural growth rate in GDP is less than the average of 2%. Typically, a normal economic recession lasts for approximately 1 year. Global recessions Causes of Recession When the economy sees extended periods of economic recession, the economy can be referred to as being in an economic depression. What is this subprime effect? Welcome to the world of globalisation, where when America sneezes, India catches cold. But what on earth is this subprime crisis? It all starts with an entrepreneur who finds a demand-supply gap between people who want to buy a house and people who have the money to lend. These people who want to buy a house do not have a good credit rating, i.e., their probability of defaulting on the loan repayment is very high. So, if anybody wants to lend money to them, it will have to be at a significantly higher interest rate (sub-prime rates is the jargon for it). This is because the entrepreneur lending the money is taking a higher risk, and hence, needs to be compensated through higher returns. How to Survive a Recession
Often the worst aspect of a recession is the affect on consumer confidence and people's fear about the future. Bear in mind, the media often exaggerate the extent of a downturn in the economy. The media like to highlight sensationalist stories. However, it is often not as bad as it is made out to be. Keep a calm and detached attitude and just make the best of the current situation.
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Honeydew Lime Cooler | ||||||||
The flavors of sweet honeydew, tart lime, and juicy red grapes combine in this smooth summer drink. A refreshing change of pace from sodas and iced tea! Citrus fruits are rich in vitamin C and other healthful nutrients such as glutathione. |
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Watermelon Mint Smoothie Recipe | ||||||||
Watermelon is a totally good-for-you food: The sweet, juicy red melon is high in cancer-fighting lycopene and vitamins. IT has zero fat. Watermelon Mint Smoothie makes a great breakfast. |
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Mystic Mango Smoothie | ||||||||
Here is a tonic for your third eye. The mango is considered the king of fruits. It is rich in bioflavonoid, antioxidants, potassium, fiber, and vitamin C. This light fruit shake activates the vibration of light in the upper chakras; combined with the fanciful influence of blackberries, you will attain a sublime mind.
Here’s the recipe to light up your third eye with Mystic Mango Smoothie: |
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This one is great for kids too, but don’t add royal jelly or bonus ingredients | ||||||||
Berry Banana Smoothie Recipe | ||||||||
This is the perfect smoothie recipe, rich in immune-enhancing, beauty-promoting vitamins, calcium, potassium, and omega-3. And it even tastes yummy! Serves 1 |
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Recipe taken from :http://www.care2.com/greenliving/cool-summer-drinks-five-favorites.html | ||||||||
Mango Ice Cream | ||||||||
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Recipe taken from :By Jackie Tan - http://www.simplycraving.com/mango-ice-cream-recipe-20090322/ | ||||||||
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Source : http://www.fujifilm.com/products/digital_cameras/topics/2008/0922_02.html | |||||
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Source : http://www.audi.in/audi/sea/in/new_cars/a8/12_cylinder_A8/exterior_view.html |
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Car Security Tips
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Cleaning Tips - Kitchen
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Source : http://www.thefunplace.com/house/tips/clean.html | |||
6 Tips to Cure Bad Breath | ||
Fixing bad breath depends on what's causing it. In 80 to 90 percent of cases, it's due to something in the mouth. Most often, it's nothing more serious than a dirty mouth. Plaque, the nearly invisible film of bacteria that's constantly forming in mouth, is often responsible for bad breath. Other dental culprits include cavities and gum disease. Keep your mouth clean. That means a thorough brushing twice a day and flossing regularly. Food and bacteria trapped between teeth and at the gum line can only be removed with floss. If they're left to linger, bad breath is imminent. 2. Clean Your Tongue 3. Wet Your Whistle 4. Rinse 5. Munch on Parsley 6. Eat to Smell Sweet Source: http://health.howstuffworks.com/6-tips-to-cure-bad-breath1.htm |
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Introduction: It has also to maintain a vast road network of over 33 lakh kilometers. The durability of the road surface depends largely on the type and quality of bitumen used and quality control exercised in the production, transportation, mixing, laying & compaction. Traditionally, penetration grade bitumen has been used in bituminous mix. The pavement made by using penetration grade bitumen is known to exhibit rutting at higher temperatures, cracking at lower temperatures and raveling due to fatigue. Thus, the life of bituminous pavement varied from 3-4 years requiring frequent repairs and renewals. To achieve durable pavements, use of modified bitumen was introduced in late nineties. The cost of modified bitumen is about 10 to 20 per cent higher than the cost of bitumen, furthermore, the construction of pavement with modified bitumen requires higher level of care & quality control during the entire process right from production of modified bitumen to laying and compaction. The latest introduction is “Viscosity grade paving bitumen” which is designed to take care of pavement distress at lowest temperature (responsible for cracking) and at maximum service temperature (responsible for rutting). The BIS has issued IS 73:2006 specification for Viscosity grade paving bitumen which supersedes the earlier specification IS 73:1992 for Penetration grade paving bitumen. In view of the importance of bitumen in road construction and maintenance, it is necessary that appropriate grade of bitumen most suited for our environment are used and adequate quality control is exercised at each stage. Bitumen Classifications, Specifications, Quality Assurance & Applications As per IS 73:2006 specification, Bitumen is classified into following four types, based on Absolute viscosity: BPCL- VG -10 BITUMEN BPCL- VG -20 BITUMEN BPCL- VG -30 BITUMEN BPCL- VG -40 BITUMEN All the above products manufactured from our Mumbai & Kochi Refineries comply with the requirements of IS 73:2006 Specification for “Viscosity grade paving bitumen”. BPCL is recognized for its proven track record of consistently delivering high quality products. Our products perform under the most diverse and demanding road conditions in India. This is attributable to a combination of ‘state of the art’ manufacturing technology, comprehensive quality assurance programs and operational efficiency - all supported by our highly skilled and experienced staff. We have excellent research centre which focuses on R&D, as well as providing technical expertise. Our team of technical specialists is dedicated to ensure our products are tested thoroughly at every stage-from the selection of crude oil at the start of the production processes, right through delivery. Health and Safety
For further details, please contact us: Visit us at: http://www.bharatpetroleum.com/ |
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