...The International Effects of Quantitative Easing The fiat currency system of today’s global economy makes possible one peculiar modern phenomenon: quantitative easing. Birthed from the Keynesian school of thought, quantitative easing is the hands-on method governments use to control economic growth by pumping money directly into the economy. The process begins when the central bank of a particular country prints new money in order to purchase assets—typically government bonds. The government then takes this new money and buys bonds from investors (banks, pension funds, i.e.), which increases the amount of cash in the financial system. The hope is that these financial institutions will be encouraged to lend more to businesses and individuals leading to an increase in investment and spending, and thus causing economic growth (Walker, 2014). Though reasonable in theory, it is heavily disputed whether QE has been successful at its intended purpose or actually quite harmful. Quantitative easing was first implemented on a large scale by Japan in 2001 after the Japanese economy had suffered persistent deflation (Zaidi, 2015). The traditional monetary policy of lowering interest rates to stimulate growth was not feasible, as interest rates at the time were already near zero (sound familiar?). Instead, the Japanese looked to quantitative easing to be the country’s savior. Unfortunately, rather than taking advantage of the extra cash bestowed upon them by this new policy, the financial...
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...the northern border of the United States. Throughout the last decade and a half Mexico has struggled to maintain a stable economy, all the while trying to control the trafficking of drugs and humans across the American border. The U.S. Department of State website (2010) states Mexico is classified by the World Bank as an upper-middle-income country. Poverty is widespread (around 44% of the population lives below the poverty line) and high rates of economic growth are needed to create legitimate economic opportunities for new entrants to the work force. The Mexican economy in 2009 experienced its deepest recession since the 1930s. The stated reason above is what has caused many Mexican citizens to cross the border into the United States looking taking any job they can find in order to help their families back home survive the trying times. Many have died in the trek to seek a better life, yet just as many have survived and are living and working in a large number of U.S. States. According to a PBS video called “Beyond the Border” (2001) one out of ten families in Mexico depend on the money sent to them by those family members that have managed to cross the U.S. border and get jobs. Although during his political campaign President Obama promised address the immigrations issues of the United States, this issue has been put on hold for a number of years. The New York Times (2011) report that the member of illegal immigrants in the United States outnumber the legal ones. Mexico’s...
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...System Maragondon Center What Interest Should Schools Serve? Easing Discrimination or Making Legitimate Distinctions Schools were made to comply with the basic mission of our country- to give equal opportunity for boys and girls to share the common interest and equal giving of opportunity for quality education. According to the outcome report of UNESCO‐IIEP in Paris, France entitled “Gender Equality in Education: Looking beyond Parity An IIEP Evidence‐Based Policy Forum Globally”, some 39 million girls of lower secondary age are currently not enrolled in either primary or secondary education, while two‐thirds of the world’s 796 million illiterate adults are women. Only about one‐third of countries have achieved gender parity at secondary level. The evidence shows that something needs to change. Legal Basis: 1. Batas Pambansa Bilang 232 entitled “An Act Providing for the Establishment and Maintenance of an Integrated System of Education” - General Provision, Chapter 2, Section 3 Goal 2. “To ensure the maximum participation of all the people in the attainment and enjoyment of the benefits of such growth” - (statement) “Promote and safeguard the welfare and interest of the students by defining their rights and obligations, according them privileges, and encouraging the establishment of sound relationships between them and the other members of the school community” - (statement) “The State shall promote the right of every individual to relevant quality...
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...Introduction The financial crisis of 2007–08, also known as the Global Financial Crisis and 2008 financial crisis, is considered by many economists to have been the worst financial crisis since the Great Depression of the 1930s. It threatened the collapse of large financial institutions, which was prevented by the bailout of banks by national governments, but stock markets still dropped worldwide. In many areas, the housing market also suffered, resulting in evictions, foreclosures and prolonged unemployment. The crisis played a significant role in the failure of key businesses, declines in consumer wealth estimated in trillions of U.S. dollars, and a downturn in economic activity leading to the 2008–2012 global recession and contributing to the European sovereign-debt crisis. The active phase of the crisis, which manifested as a liquidity crisis, can be dated from August 9, 2007, when BNP Paribas terminated withdrawals from three hedge funds citing "a complete evaporation of liquidity". Many causes for the financial crisis have been suggested, with varying weight assigned by experts.The U.S. Senate's Levin–Coburn Report concluded that the crisis was the result of "high risk, complex financial products; undisclosed conflicts of interest; the failure of regulators, the credit rating agencies, and the market itself to rein in the excesses of Wall Street." The Financial Crisis Inquiry Commission concluded that the financial crisis was avoidable and was caused by "widespread failures...
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...regarding program’s efficiency. Organization’s Programs Our major programs include community kitchen that provides more than 60, 000 meals to audience every month. Food distribution service which directly distribute food to the local and community based food organizations. There are more than 5,000 local food serving organizations registered with us from the whole New York. The third most prominent program being run by our food pantry is of Health and Nutritional awareness which approaches the schools in poor communities of New York like Kiryas Joe, Kaser, New Square, Buffalo, Melrose and Morrisania Mount Eden (U.s Census Bureau Report, 2012 ) . Economic Situation According to a report published in The New York Times, the New Yorkers’ poverty rate has increased to 1.3 percent...
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...on the analysis of two American-based companies. One an NGO whiles the other a profit making organization. The company AT&T is Telecommunications Company providing mobile services to its people while the other USAID is an NGO. These two companies differ in size with AT&T having an international coverage but more focused on developing its local market while USAID is focused on solving problems related to poverty around the world. These indicate USAID to have a higher mandate compared to that of AT&T. The study article reveals aspects relating to the two companies and their activities towards attaining their objectives. Description of the Types of Businesses: AT&T: The company formally known as SBD Communications Inc changed the name to AT&T in 2005 to improve its brand image and capabilities to tap into the market and from which it built a base for expansion into new markets in 2013 (Moloshok, 2011). The company AT&T Inc is a telecommunications company focused on service provision on an international level and local level within the United States. For years since its inception, AT&T has operated two major segments in its business. These include the wireline business and the wireless. The wireless sector of the business is developed to offer data and voice call services to the customers. It also offers local and international communication services with network access services as well as roaming services (Reuters, 2015). These are offered to the entire...
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...TUTORIAL 3 (TOPIC 2: LEADERSHIP ETHICS AND TRAITS) Case Study: The Bill and Melinda Gates Foundation The Bill and Melinda Gates Foundation is guided by the belief that every life has equal value. The Foundation essentially gives money (grants) to other organizations (business, nonprofits, and governments) to support them in implementing the Foundation's work to help all people lead healthy, productive lives. It has three grant-making areas: Global Development Program, Global Health Program, and United States Program. In developing countries, it focuses on improving people's health and giving them the chance to lift themselves out of hunger and extreme poverty. In the United States, it seeks to ensure that all people—especially those with the fewest resources—have access to the opportunities they need to succeed in school and life. The Foundation is headquartered in Seattle, Washington, with offices in Washington, D.C.; Delhi, India; Beijing, China; and London, United Kingdom. It has more than 900 employees, with an asset trust endowment of $37.1 billion, with total grant commitments since inception of $24.81 billion. The Foundation is led by CEO Jeff Raikes and Co-chair William H. Gates Sr., under the direction of Co-chairs and Trustees Bill and Melinda Gates and Trustee Warren Buffett. Bill and Melinda Gates are the founders and together they shape and approve foundation strategies, review results, advocate for the foundation's issues, and help set the overall direction...
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...Name: Course: College: Tutor: Date: Illegal Immigrants Illegal immigrants are foreign persons who enter a country under circumstances that do not meet the legal conditions for migrating into the given country; they violate the written immigration laws of the country. In the United States, illegal immigrants’ population was estimated to be approximately twelve million people by the Center for Immigration Studies in 2008 (Haerens, 10).The foreigners relocate from different countries, for example, Mexico, Latin America, Europe, Canada and African countries. The causes that lead to immigrants relocating from their home countries include: poverty, overpopulation, wars and asylum and families reuniting. Different terms used to describe an illegal immigrant depend on an individual country’s political viewpoints: alien, clandestine workers, "without papers", un-naturalized immigrant, undocumented immigrant or boat people. Illegal immigrants face a great number of challenges as they attempt to enter a through a foreign country’s borders. They face being captured and sold into slavery, specifically, sexual exploitation; and death of immigrants has been recorded, for example, at the US- Mexico border or during hot summers, aliens have died in the South Western part of US. Common methods of entry include border crossing and overstaying a visa one has been given by the foreign authorities (Hanson and Council on Foreign Affairs, 25). There is, currently a debate in the...
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...with many people in isolated parts of the country, this turned out to be a challenge. The American health care system, according to television, radio and newspapers, is having issues with shortage of medical professionals, especially nurses and caregivers, in industrialized countries such as the United States and the United Kingdom. This has caused a massive departure of certified health workers from the Philippines. The government is concerned that the health care system is going to collapse if the medical workers keep leaving. Since 1994, 100,000 medical workers have left the country (Castro, 2009). The economic uncertainty and the political instability in the Philippines have greatly affected the decisions of Filipino doctors to go abroad to find greener pastures. Medical graduates in the Philippines have been migrating to prosperous nations since the beginning of the 20th century but the increase in their numbers from recent years is very alarming. The current “migration” of Filipino medical workers to richer nations has crippled the most vulnerable sector in the Philippine Society – the poor. In the Philippines, more than thirty percent of the population lives in poverty and most of them reside in the remote areas of the country (Castro, 2009). These people only have the government-employed health workers to help them but the doctors (and most are just nurses or...
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...Domenick Luongo Fin 635: Dr. Wong 5/4/15 The Great Recession: The Financial Crisis of 2008 Table of Contents: I. Introduction......................................3 II. Cause & Effect of the Housing Bubble..............3 III. Financial Industry................................5 IV. Global Contagion..................................6 a. European Sovereign Debt Crisis of 2007-2008.....7 V. LIBOR.............................................8 b. LIBOR & the Crisis in Lending...................8 VI. Unemployment......................................9 VII. United States Stock Market.......................10 VIII. Laws & Resolutions...............................10 c. Dodd-Frank Wall Street Reform & Consumer.......11 Protection Act Timeline d. Dodd-Frank Wall Street & Reform Consumer.......11 Protection Act e. European Laws & Resolutions....................11 IX. Conclusion.......................................12 Introduction The financial crisis of 2007-2008 is considered to be the worst financial crisis since the Great Depression in 1929. Not only were some of the largest firms in the world threatened but also, the normal lives of everyday people faced great challenges as the entire financial market and banking industry was damaged. The prevention of the folding of these firms was backed with bailouts from national governments and banks. The crisis was the cause of business declines...
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...community from incarceration. This is mostly attributed to the harm caused to victims and society when these individuals re-engage in similar or worse forms of crime. In the year 2006, the Congress enacted the Adam Walsh Child Protection and Safety Act which required that state sex offender registry be created and data collected from every state sent to a national database. The aim of this initiative was to provide important information to authorities as well as help protect members of the public and children to be specific who were often victims of sexual assault. This law has had its ups and down, for instance,...
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...1. Population of Indonesia With a population totaling around 250 million individuals, Indonesia is the fourth largest country with regard to population size. Its ethnic composition is characterized by a wide variety as the country contains hundreds of different ethnic groups and cultures. However, more than half of the population can be classified as belonging to the two main ethnic groups: Javanese (41 percent of the total population) and Sundanese (15 percent of the total population). Both these groups originate from the island of Java, Indonesia's most populous island, which contains almost sixty percent of the country's total population. When the island of Sumatra is included, this figure rises to approximately eighty percent of Indonesia's total population, indicating a significant population concentration in the western part of the country. The most populous province is West Java (with more than 43 million people), while the least populous province is that of West Papua in the far eastern region of Indonesia (having around 761,000 people). Map of Indonesia Five Most Populous Provinces (in millions) Province | Population | 1. West Java | 43.1 | 2. East Java | 37.5 | 3. Central Java | 32.4 | 4. North Sumatra | 13.0 | 5. Banten (Java) | 10.6 | Source: Statistics Indonesia Population Census 2010 This section discusses a number of important aspects regarding Indonesia's demographic composition...
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...a country determines the size and rate of growth of its money supply in order to control inflation within the country. In the United States, a committee within the Federal Reserve is responsible for implementing monetary policy. The Federal Open Market Committee (FOMC) is comprised of the Board of Governors and five reserve-bank presidents, and It meets eight times throughout the year to set key interest rate and to determine whether to increase or decrease the money supply within the economy. United States Government has adjust its monetary policy in response to the world down turns economy by increasing interest rates by fiat; reducing the monetary base, money supply and increasing reserve requirements. The United States central bank influences interest rates by expanding or contracting the monetary base, which consists of currency in circulation and banks' reserves on deposit at the central bank. In the United States, the great depression began in the summer of 1929. The downturn became markedly worse in late 1929 and continued until early 1933. Real output and prices fell precipitously. The great depression brought about fundamental changes in economic institutions, macroeconomic policy, and economic theory. Also, declines in consumer demand, financial panics, and misguided government policies caused economic output to fall in the United...
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...Progressive movement? Explain some Progressive policies and ideals while also discussing some of the leaders of the Progressive movement and their role in American society. The Progressive Era was a movement that influenced the improvement of the United States through both political reform and social activism. This movement occurred from the 1890s to the 1920s. This era is marked by the policies, ideals, and people that positively transformed our nation. Though this movement was marked by many positive advancements, three policies are memorable enough to stand above the rest. The addition of women’s suffrage worked to give American women the representation they deserved. The entirety of the occupation issues found hazardous...
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...waterways and fresh water resources located within Bolivia’s borders (Central Intelligence Agency). There is potential for volcanic activity in the Andes, but no immediate threat exists at this time (Witze, 2014). Due to its proximity to other South American countries, Bolivia is not only a prime candidate for U.S. exports, but could also be considered for investment in local onsite facilities to service surrounding countries. Companies should also consider population centers and where industries served by chemical pumps are likely to exist. Demographics Though it neighbors five other South American countries, Bolivia still has some catching up to do to its neighbors. It ranks near the bottom in such socioeconomic factors as education, poverty, malnutrition, and life expectancy. It also suffers the highest income inequality in all of Latin America (Central Intelligence Agency). The World Factbook notes that there is currently a noted lack of clean water and...
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