Tag Archives: bankruptcy

Book: Bankrupt Britain: An atlas of social change

Bankrupt Britain: An atlas of social change
by Daniel Dorling
23 May 2011

Bankrupt Britain is a unique atlas giving a comprehensive picture of the effect of the recession on Britain. In detailed colour maps, it shows how economic, social and environmental fortunes have been affected in different areas in the wake of the 2007 banking crisis, 2008 economic crash and 2009 credit crunch. It is essential reading for a broad audience with detailed local level data and a national snap-shot of Britain during this time.

Daniel Dorling is Professor of Human Geography at the University of Sheffield. His recent books include Injustice: Why social inequality persists and So you think you know about Britain?. He is a member of the World Health Organization’s Scientific Resource Group on Health Equity Analysis and Research.Bethan Thomas is a Research Fellow in the Department of Geography at the University of Sheffield. She has researched extensively on inequalities in Britain. Her publications include Identity in Britain and The Grim Reaper’s Road Map.

http://www.policypress.co.uk/display.asp?K=9781847427472&

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Article: The hard and simple maths of crisis

The hard and simple maths of crisis

By Julian Delasantellis

Apr 30, 2009
Asia Times

“Mortgage defaults are not randomly distributed events, but highly related. One borrower defaults, is foreclosed upon, then, when the house undergoes a low-priced foreclosure sale, the rest of the comparable houses in the neighborhood also lose value. These homeowners can’t refinance out of their adustable rate mortgage option resets, so they default too. A surplus of homes develops, so the homebuilding and renovation industries contract, causing job losses, which cause more defaults.”

http://www.atimes.com/atimes/Global_Economy/KD30Dj03.html

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