...Massachusetts o 2. New York, New York (Most important District City) o 3. Philadelphia. Pennsylvania o 4. Cleveland, Ohio o 5. Richmond, Virginia o 6. Atlanta, Georgia o 7. Chicago, Illinois o 8.St. Louis, Missouri o 9. Minneapolis, Minnesota o 10. Kansas City, Kansas o 11. Dallas, Texas o 12. San Francisco, California • Commercial banks that become members must purchase stock in the FED • Each District has 9 members o 6 are elected by member banks in which 3 are professional bankers and 3 are engaged in business o The remaining 3 are appointed by the Board of Governors o All nine directors appoint their Fed district bank president • District banks facilitate operations with the banking system clearing checks, replacing old currency and providing loans to depository institutions in need of funds • Collect economic data and conduct research projects on commercial banking and economic trends Member Banks • Must meet specific requirements of the Board of Governors to become a member • All national banks are required to be members of the FED...
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...Samuel Toro POS 1001 Professor Harris The Fed Throughout history, many great nations have risen and fallen. Their policies, laws, and culture dictate whether a nation will fall or flourish. From a consumer culture to a more conservative culture, it plans out the style and ideals of the population as a whole. Mass media also shapes how the population views the world around them; they can make an individual in favor or against a certain issue using techniques to speak to the consumer at a subconscious level. Monetary policy by far is a significant factor in the survival and well being of any nation. It can destroy or exalt any nation through policies that effect how the economy and money interact. Ranging from the Reserve Bank of New Zealand, the Bank of Japan, and the Swiss National Bank to the European Central Bank and the Federal Reserve, these banks were deployed to attend the dire need of keeping monetary value stable; at what ever cost. Though for the best interest, centralized banks have helped and hurt their respective economies in many different ways. “During the nineteenth century and the beginning of the twentieth century, financial panics plagued the nation, leading to bank failures and business bankruptcies that severely disrupted the economy. The failure of the nation's banking system to effectively provide funding to troubled depository institutions contributed significantly to the economy's vulnerability to financial panics” (Fox 1). I will be proving...
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...The Federal Reserve is responsible for setting the nation's monetary policies. This need for this extends to help battle unemployment, help regulate pricing, as well as regular interest rates. While this sounds easy in theory, there are many steps leading to these regulations being both defined and implemented. What is money? How does it affect not only trade, but other aspects of the nation and its citizens' financial health? In order to begin, one must first understand just what money is, and what purpose it serves. Money, by definition, is “any circulating medium of exchange, including coins, paper money, and demand deposits.” (www.dictionary.com). Before money as an actual, tangible form of currency, people engaged in bartering, which is the exchange of one good or service for another. For example, a farmer may have chickens, and be in need of medical care. The farmer could trade medical care for a chicken that would lay eggs and provide abstinence for the physician. Eventually, coin and paper currency were developed, an individuals were able to sell products and services for currency. Currency became more valuable, as it was not limited its its use, nor did it expire or spoil. The central bank manages monetary policy in several ways. First, the Federal Reserve controls the money supply which effects both interest rates and the rate of inflation. This is accomplished by reducing the available money supply when inflation is high, and increasing the money supply when rates...
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...Bottle Fed By Jon R Conibear I Giardia is an infection of the small intestine caused by a microscopic organism (protozoa), Symptoms: Abdominal pain; Diarrhea; Gas or bloating; Headache; Loss of appetite; Low-grade fever; Nausea; life-threatening if untreated. Mode of Transmision; Waterborne. Cholera is an infection of the large intestine caused by a microscopic organism (Vibrio cholera), Symptoms: Diarria, dehydration; life threatening if untreated. Mode of Transportation; Waterborne. Dysentery is a microscopic gastro-intestinal Entamoeba histolitica amoeba (Shingella dysenteriae bacteria), Symptoms; severe, often bloody diarrhea, vomiting, fever; life-threatening if untreated. Mode of Transmission; food/waterborne Cryptosporidiosis is a microscopic gastro-intestinal parasite (Cryptosporidium parvum protozoa), Symptoms; severe diarrhea; will cause death if immune system is impaired. Mode of Transportation; waterborne; resists chlorine; ozonation process is highly effective. These diseases are microscopic with funky names, causing...
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...Corn Fed vs. Grass Fed Have you noticed how there’s an increasingly wider selection of types of beef to be purchased? Which option is healthier? Which one is least expensive? There has been an ongoing dispute over which choice of beef we should be consuming. While both may seem to have their own advantage and disadvantage; ranging from being cost-efficient, to more beneficial nutrients. Both contribute to the eco-system, but in completely different ways. While grass-fed beef is the healthier alternative, it can prove to be a bit pricey, nonetheless, grass-fed beef provide us with more nutrients; they’re higher in Omega-3 fatty acid and vitamin E. Corn-fed beef, on the other hand, is relatively more affordable. The million dollar question should be, it’s affordable, but at what cost? What makes corn-fed beef so much cheaper than grass-fed? Corn-fed cattle go through a process, almost like an assembly line. The first step, the cow and calf live in a cow-calf operation. Here, the cow is artificially inseminated for the sole purpose of reproduction. For the first 6 months, the calf stays with their mother, once they’re old enough they’re taken to a pen, where they’re introduced to corn. To make a long story short, the calf is finally moved into a CAFO (confined animal feeding operation). From this point on, they’re all confined to small caged in areas. These facilities house hundreds, even thousands of farm animals. From this point on their diet is strictly corn, protein, vitamins...
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...Grass Fed vs. Corn Fed Michael Green DeVry University Grass Fed vs. Corn Fed The health of America is steadily declining and poor diet is a contributing factor (Pollan, 2006). Meat has become a main staple in the American diet in the last century. In fact, the average American consumes about 180 pounds of meat consisting of beef, pork, chicken, and turkey each year (Pollan, 2006). What the average American may not know is that most of these meats were grain fed during production, which is detrimental to the diets of both the livestock and its consumers. Grain feeding of livestock on American farms should be eliminated because human consumption of these meat products contributes to the decline in the health of America; instead, the United States Department of Agriculture (USDA) should require farmers and producers to provide the healthiest diet for animals to eliminate the health risks of the consumers. Problems Studies indicate that grain fed meats lack key nutrients optimal to the health of America. For almost 50 years most American farmers have been using grain to feed his or her livestock (Pollan, 2006). Grain feeding became prevalent not long after World War II when there was an over-abundant supply of grain (McCluskey, Wahl, Li, & Wandschneider, 2005). Farmers rely heavily on grain feeding because it is a cheaper product, it shortens the growth process,...
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...the Federal Reserve System is too secretive, too independent, too insensitive to the hopes of small borrowers. A sharecropper's son, he often charges that it is a tool of Wall Street bankers. http://www.time.com/time/magazine/article/0,9171,870767,00.html Banking: Fight over the Federal Reserve Intense criticism among the general public was a major feature of the 2010 midterm elections. Critics reached a wide audience that reacted against the Troubled Asset Relief Program of 2008-9 and the bailout of major banks, insurance and mortgage companies, as well as the industrial companies General Motors and Chrysler. http://en.wikipedia.org/wiki/Criticism_of_the_Federal_Reserve Criticism of the Federal Reserve The fundamental promise of a central bank like the Federal Reserve is economic stability. The theory is that manipulating the value of the currency allows financial booms to go higher, and crashes to be more mild. If growth becomes speculative and unsustainable, the central bank can make the price of money go up and force some deleveraging of risky investments - again, promising to make the crashes more mild. During the Panic of 1907, "Depositors 'run' on the Knickerbocker Bank. J.P. Morgan and James Stillman of First National City Bank (Citibank) act as a "central bank," providing liquidity ... [to stop the bank run] President Theodore Roosevelt provides Morgan with $25 million in government funds ... to control the panic. Morgan, acting as a one-man central bank...
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...Nov 2014 Fed up The movie Fed Up discusses the issue that American eats too much currently in today’s society. According to the movie, the spread of obesity in America become a seriously problem. The movies also states the food industry in America is playing a bad role for provide us unhealthy food to make better profit. The obesity epidemic in America has occurred mostly in the past 20 years. The movie also states the 1/3 percentage of American will develop diabetes if current trends continue. The construction of the movie is straightforward, easy to follow and interesting. It posits the assertion that the for the last few decades, we’ve basically been fed poison in the form of sugar, on a mass scale, with a mass PR cover up to prevent the dire reality of our diet from coming to light. Let’s establish some basic facts. Half of us are overweight. One-third of us are obese. About a third of us are expected to have diabetes within the next 20 years. If the prospect of 100 million Americans with diabetes. Soechtig cuts the film together into a seamless and logical narrative that weaves between the story of the youth subjects and the more clinical and informative interview segments. Fed Up starting with the question of why so many American children are reaching obesity at such a young age, and then investigating that question from their home life, to the food they consume in school, and if/how advertising affects their eating and nutritional behaviors. Fed Up shows us...
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...Fed EX is the world largest parcel distributor. The company was formed within the United States in the year of 1971. Fed Ex provides companies and consumers throughout the world with a comprehensive variety of transportation services. Fed EX has accomplished a substantial status amongst the world committed companies with 275,000 staff and contractors. The organization motivates the company employees and contractors by having a positive attitude and to focus on safety, which is the utmost ethical and practice measures and required within their communities and consumers. The managers execute the four functions of management to accomplish the administrative objective to keep the company running smoothly ("About FedEx", 2010). Globalization is a process of communicating and uniting among people, governments, and corporations of a diverse nation. This process is established by global trade and investment which is assisted by international technology. FedEx impact on the four functions of globalizations of management is the importance of the environment on ethnicity, economic development, prosperity, political structure, and human well nature involvement around the world (Harris Hartman, 2000). The internal aspect is creating a major impression on the function and operation in management. With increase production of globalization has made the effects more difficult, in commanding additional analysis of universal markets. As well as the process of function of organizing...
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...Marketing Case #1: Federal Express (FEC) Situational analysis Consumer | Small packages (up to 2 lbs) must be delivered in a reliable and timely manner. Delivery confirmation would help. | Competitor | USPS (Express Mail), Emery (much bigger brand name), smaller airfreight forwarders, REA Air Express, Airlines, *local freight companies (hard to match local relationships) | Company | Courier Paks at flat rate, self-contained delivery/flight system (sustainable), People-oriented culture (employee satisfaction seems high) | Collaborators | Local storage/sorting facilities, truck drivers, salesforce, researchers (comparing Express Mail reliability) | Context | The airfreight industry is becoming cutthroat and companies are copying business models and popping up everywhere. Express mail is taking off but at a per distance and weight cost basis. | Setting the strategy Segmentation | Basic consumer (20%) , Manufacturing and distribution (17%), Advertising (8%) – Reliability is key across segments | Targeting | Businesses with lots of paper pushing and the general consumer | Positioning | Reliability, All American Jets (America’s Shipper), Flat rate package – Possible expansion into bigger courier packs | Value proposition Product | Flat rate box – We run our own airline | Place | Toll free number to call about locating local courier pack provider – You’d want couriers to keep stores of packs on their trucks to sell | Promotion | Convince customers...
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...Forex Club FX Club. Forex Club is geared towards beginners who are new to online currency trading. Therefore, Forex Club offers educational resources to help beginners gain a better understanding of the trading process. These include step-by-step guides, free web-based seminars and live chat sessions. Forex Club also offers the ExpressFX platform, a simple trading platform that is easy to understand for beginners and provides a relatively risk-free trading experience. As a result, Forex Club was awarded “Best Broker for Beginners” by Forex-Ratings and is considered one of the best in the industry. About Forex Club Forex Club Financial Company (fxclub.com) is a brokerage specializing in Forex trading. Based in the New York City area, it is registered with Commodity Futures Trading Commission and is a current member of the National Futures Association (NFA ID# 0358265). Forex Club currently serves clients from over 50 countries and claims to open over 1,000 new accounts per day. This feature includes both live trading accounts and demo accounts. The company was founded in 2005 by Michael J. Felice, who currently serves as both President and Chief Executive Officer of this company. Felice has over 30 years of experience in the brokerage industry and has also been involved with other financial and regulatory agencies. Other instrumental figures include Peter Tatarnikov, serving as the company’s vice president and COO with 12 years of experience in the Forex industry, and...
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...ANTITRUST LAW The Internet Corporation for Assigned Names and Numbers (ICANN) is a nonprofit entity that organizes Internet domain names. It is governed by a board of directors elected by various groups with commercial interests in the Internet. One of ICANN’s functions is to authorize an entity to serve as a registrar for certain “Top Level Domains” (TLDs). ICANN and VeriSign entered into an agreement that authorized VeriSign to provide registry services in accordance with ICANN’s specifications. VeriSign complained that ICANN was restricting the services that it could make available as a registrar and was blocking new services, imposing unnecessary conditions on those services, and setting the prices at which the services were offered. VeriSign claimed that ICANN’s control of the registry services for domain names violated Section 1 of the Sherman Act. Answer the following questions, using the information presented in the chapter. 1. Should ICANN’s actions be judged under the rule of reason or deemed per se violations of Section 1 of the Sherman Act? In a straight forward analysis, ICANN operates in violation of the Sherman Act and thus scrutiny of ICANN’s control registry services precede under the “Rule of Reason”. In the case at hand, however; VeriSign charges that ICANN’s prohibition upon Verisign’s SMARTBROWSER correcting a searcher’s misspelled search request overreached ICANN’s authority. VeriSign complains that ICANN’s action resulted via a conspiracy of...
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...Fundamentals of Effective Communication in the Workplace Nelson Johnson Adrienne Garabedian Introduction to Business/ Bus 100 May 11, 2015 Fundamentals of Effective Communication in the Workplace Abstract Effective communication is a very important key in a business environment. There have been many times throughout my work experience that this has been a proven fact. I want to elaborate on one of my work experiences in particular and how effective communication was very important. In 2013 I was a Claims Customer Service Representative for a company called Vangent. At Vangent we received inbound calls from Medicare beneficiaries about their Medicare insurance and healthcare claims that had been filed for services rendered to them by their physicians. The calls would be from different people of all races, ethnicities, and nationalities so effective in my communication with the beneficiaries was a part of my everyday job duty. Most of the beneficiaries I received calls from were at least age 65 and above and sometimes it was difficult for them to understand the information I was communicating to them. One of the ways I strived to make my communication effective was to always analyze the customer on the other end of the phone line. As it states in Chapter 8 of the Introduction to Business book, “To find the right words, begin with the needs of your audience.” (Williams, 2014, p. 128) Being that each beneficiary that called most the time had different questions...
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...ACCT553 Week 5 Homework Solutions _________________________________________________________ Chapter 14 1. Please explain how Charitable Contributions come into play in determining "Corporate" taxable income. (5 pts) The maximum amount deductible by a corporation for charitable contributions is 10 percent of its adjusted taxable income. The deduction is limited to the lesser of 10 percent of adjusted taxable income or the sum of the initial measures of all property donated during the tax year. Adjusted taxable income is equal to taxable income without regard to the charitable contribution deduction, the dividends-received deduction, any net operating loss carryback, any capital loss carryback, and the domestic production activities deduction. If the charitable contributions for the tax year exceed the 10 percent limitation, the excess can be carried forward for five years. Carryovers are used on a first-in, first-out basis after first deducting the current year’s contributions. 2. What happens to a loss on the Corporate Tax Return (Form 1120)? Does it pass through to the shareholders? Is it available for future or past periods? Please explain in detail. (5 pts.) If a company has a loss they can claim relief from Corporation Tax by offsetting the loss against other gains or profits from the business in the same accounting period. They can also carry the loss back or it will be carried forward to another accounting period. Corporations can elect to pass loss to shareholders....
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...COMM 170 Name: NIKESH KUMAR (300811080) Fall 2013 Noble award winner, Politician, philanthropist and much more(3) Mr. AL Gore’s master piece “The Moment Of Truth” and the Canada’s own Cree playwright and novelist’s dazzling yet bitter truthful essay “what a certain visionary once said” are a hard one to compare and comment on. Though both highway’s and gore’s introductory and concluding paragraphs are effective and persuasive, both of them use a different vocabulary style. Firstly, Highway’s introduction is very descriptive which paints an image in our mind (readers).whereas gore’s introduction in “The Moment of Truth” is effective because of providing scientific data to prove we are in a crisis and about criticism of the former president of the united states Mr. George Bush’s irresponsiveness to the number of environmental issues. Highway’s introductory paragraph is catchier because he use a descriptive way of narration which he gained from his real life experiences on the beauties of his countryside’s landscapes. (2) Highway’s description of the landscapes of northern Canada paints a beautiful image in the reader’s mind. The words used to represent the beauty of the landscape. And also Al Gore’s introductory paragraph in “The moment of truth,” is also equally effective. He starts off with letting the readers about the big crisis we about experience. He makes it even more interesting by explaining the meaning of crisis in Chinese and the characters’ meaning...
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