A credit crunch (credit crisis) is a reduction in the general availability of loans (credit) or a sudden tightening of the conditions required to obtain a loan from the banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official interest rates. The following video explains credit crisis in simple terms with the help animation. The goal of giving form to a complex situation like the credit crisis is to quickly supply the essence of the situation to those unfamiliar and uninitiated.
Maryland is now the wealthiest state in the union, as measured by median household income, according to the latest stats from the Census Bureau.
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Maryland is a state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia and the District of Columbia to the south and west, Pennsylvania to the north, and Delaware to the east.
#2 New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north by New York, on the east by the Atlantic Ocean, on the southwest by Delaware, and on the west by Pennsylvania. Parts of New Jersey lie within the sprawling metropolitan areas of New York and Philadelphia.
Connecticut is a state located in the New England region of the northeastern United States of America. The state borders New York to the west and south (Long Island by sea), Massachusetts to the north, and Rhode Island to the east. Portions of southwestern Connecticut are considered part of the New York metropolitan area. Connecticut is the 29th most populous state with 3.4 million residents and ranked 48th in size by area, making it the 4th most densely populated state. Called the "Constitution State," Connecticut has a long history dating from the early colonial times, and was influential in the development of early American government.
The State of Hawaii is a state in the United States, located on an archipelago in the central Pacific Ocean southwest of the continental United States, southeast of Japan, and northeast of Australia.
The Commonwealth of Massachusetts is a state located in the New England region of the northeastern United States. It borders Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north. Most of its population of 6.4 million live in the Boston metropolitan area. The eastern half of this relatively small state is mostly urban and suburban, while Western Massachusetts is mostly rural. Massachusetts is the most populous of the six New England states. It ranks third among U.S. states in overall population density and fourth in GDP per capita.
#6 New Hampshire
New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It borders Massachusetts to the south, Vermont to the west, Maine to the east, and the Canadian province of Quebec to the north. New Hampshire ranks 44th in land area, 46th in total area of the 50 states, and 41st in population. It became the first post-colonial sovereign nation in the Americas when it broke off from Great Britain in January 1776, and was one of the original thirteen states that founded the United States of America six months later. It was the ninth state to ratify the United States Constitution, bringing that document into effect. New Hampshire was the first U.S. state to have its own state constitution, and is the only state with neither a general sales tax nor a personal income tax at either the state or local level. Concord is the state capital, while Manchester is the largest city in the state.
Alaska is the largest state of the United States of America by area; it is situated in the northwest extremity of the North American continent, with Canada to the east, the Arctic Ocean to the north, and the Pacific Ocean to the west and south, with Russia further west across the Bering Strait. As of 2007, the population was 683,478 with approximately 50% residing along the Anchorage metropolitan areas.
California is a state on the West Coast of the United States, along the Pacific Ocean. It is bordered by Oregon to the north, Nevada to the east, Arizona to the southeast, and to the south the Mexican state of Baja California. California is the most populous U.S. state. Its four largest cities are Los Angeles, San Diego, San Jose, and San Francisco. It is known for its varied climate and geography as well as its diverse population.
The Commonwealth of Virginia is an American state on the Atlantic Coast of the Southern United States. The state was named Virginia after Queen Elizabeth I of England, who was known as the "Virgin Queen" because she never married. The state is also known as the "Old Dominion" and sometimes "Mother of Presidents", because it is the birthplace of eight U.S. presidents. The state is geographically shaped by the Blue Ridge Mountains and the Chesapeake Bay, home to much of the state's flora and fauna. The capital of the commonwealth is Richmond, Virginia Beach is the most populous city, and Fairfax County is the most populous political subdivision. The state population is over seven million.
Minnesota is a state in the Midwestern region of the United States. The twelfth largest state by area in the U.S., it is the twenty-first most populous, with just over five million residents. Minnesota was carved out of the eastern half of the Minnesota Territory and admitted to the Union as the thirty-second state on May 11, 1858. The state is known as the "Land of 10,000 Lakes". Those lakes and rivers that gave the state its name, and its forests, parks, and wilderness areas offer residents and tourists a variety of outdoor recreational opportunities.
Approximately 71% of the Earth's surface is covered by nothing but water i.e. ocean. It is divided into several principal oceans and smaller seas. There are five major oceanic divisions as follows:
- Pacific Ocean
- Atlantic Ocean
- Indian Ocean
- Southern Ocean
- Arctic Ocean
The Pacific Ocean
The Pacific Ocean is the largest of the Earth's oceanic divisions. According to wikipedia:
It extends from the Arctic in the north to Antarctica in the south, bounded by Asia and Australia in the west and the Americas in the east. At 169.2 million square kilometres (65.3 million square miles) in area, this largest division of the World Ocean – and, in turn, the hydrosphere – covers about 46% of the Earth's water surface and about 32% of its total surface area, making it larger than all of the Earth's land area combined. The equator subdivides it into the North Pacific Ocean and South Pacific Ocean. The Mariana Trench in the western North Pacific is the deepest point in the Pacific and in the world, reaching a depth of 10,911 metres (35,798 ft)
The Pacific Ocean is the body of water between Asia and Australia in the west, the Americas in the east, Southern Ocean to the south, and the Arctic Ocean to the north. It joins the Atlantic Ocean at a line drawn due south from Cape Horn, Chile/Argentina to Antarctica, and joins the Indian Ocean at a line drawn due south from Tasmania, Australia to Antarctica.