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Improvement Project of Science Construction CS

Abstract Science Construction’s business is in planning, developing and building road projects. The major of its clients are municipalities, city governments, and other public sector entities. While the bankruptcy rates for these clients is very low, when economic downturns happen, their ability to pay in a timely fashion also suffers. This leads to businesses such as Science Construction needing to take on additional debt and to find creative methods in order to stay afloat during times of recession. Methods such as selling accounts receivables at discounted rates and taking larger lines of credit through banks and other lending institutions are some of the ways organizations can remain viable when their cash inflows have turned into a trickle. Science Construction is asking the Turkish Courts to postpone their bankruptcy proceedings for a year while they attempt to restructure. Through this, suggestions such as forcing shareholders to pay their debt to the organization, gaining credi
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Gobal meltdown and aftermath !! 1929 Crash

The devastation of First World War and technological progression both together offered a great opportunity of investments and employments in 1920s. That ushered great optimism in the Wall Street as well. Most of the American participated in stock market speculations and investments. You could buy the stock at a fraction of their prices, called “buying on margin”, the rest borrowing from brokers. Obviously share prices sky rocketed. Again the old rule “what goes up must come down” worked. Unfortunately; what went up struggling for number of days; came down in three days! That was the crash. It was on October the 24th, 1929 famous as “Black Thursday”; a massive sell off took place. The volume of trading was more than triple. The price came tumbling down. This time again Richard Whtney of J.P. Morgan and company tried to rescue the market, he started buying the shares aggressively. The downfall halted for time being. The market looked up on 25th, the Friday. On 26th, the Saturday (then trading use to held on Saturdays as well) the prices went a little down. The market opened on Monday, October 28th, 1929 and fell by 13%, that Monday is remembered as “Black Monday”. Next day, the Tuesday it fell further by 12%, it took the nick name as “Black Tuesday”. Rockefeller family and C. Durant of General Motors stepped in to boost the market, but failed. That week the market incurred heaviest losses to the tune of $30 billion, more than the amount US paid during First World War.
The down slide continued till 1932, the market dropped hooping 89% and it took almost 25 years thereafter, to recover!
So, this followed the Great Depression; that is another story.
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