On October 9th, 2012, then Australian Prime Minister Julia Gillard delivered a speech to Parliament in reaction to the movement of Tony Abbott, the Leader of the Opposition, to have Peter Slipper removed as Speaker, due to some sexist and crude texts. She uses appeal to logos and ethos, second person pronouns, and ad hominem—yes, a logical fallacy, but one that has proven to be very influential to political audiences—to persuade her audience to discredit Abbott and understand her reasoning for defending
Latest developments in information technology have presented a range of opportunities with respect to the ways through which information can be accessed and exchanged. Technology today provides a number of ways today through which information can be stored and its access can be controlled. Technological advancements have also made the industries across the world to continuously evolve to these new and rapid developments (Cummins, J. David; Rubio-misas, Maria; Zi, Hongmin, 2004) and banking sector
To: Denis McDonough, White House Chief of Staff From: Special Task Force of the Council of Economic Advisors We have reviewed all of the information you have provided us, and we have come to a decision on what policy should be put in place. The numbers are very high so the action should be placed immediately. The normal rates should be 2-3% for inflation and real GDP and 5% for unemployment. In this particular situation unemployment is 12.5%, GDP is 13%, and inflation is 9%. With this information
000 banks during the Great Depression. It gave tighter regulation of national banks to the Federal Reserve System prohibited bank sales of securities and created the Federal Deposit Insurance Corporation (FDIC), which insures bank deposits with a pool of money appropriated from banks. The Glass-Steagall Act primary goal was to stop unusual run to the banks and restore public confidence in U.S banking system, it was widely believed
Money has become without a doubt an important and inseparable tool that we use every day. For example, when we make our shopping we exchange goods for money or when we fuel our vehicles we pay with money in exchange for fuel. Without a money, individuals will have to go back to the barter exchange, which is buying one good in exchange with another good, in this type of exchange there should be double coincidence of wants. For example, a baker who needs rice should find a rice seller who wants bread
The Federal Reserve was established by Congress in 1913, and is still managed by Congress today. The Reserve makes its own independent decisions, but is required to report to Congress twice annually. The Reserve is not a political device because it is not a part of the government only accountable to Congress. The purpose of The Federal Reserve is to keep our economy healthy and their common way of doing so is through manipulating the federal funds rate. Whenever they do this the banks are directly
Introduction Despite the fact, that depending on how the people see things, believe that the "Federal Reserve does not control the economy by affecting the supply of money in the U.S. Instead, it maintains an interest rate target and adjusts the money flow as needed to keep that rate at the desired level." (Explainer: How does the Fed influence the economy? (n.d.)) And although the Fed really can't control inflation or even influence output and the employment rate directly,. Indirectly, it
The Glass-Steagall Act 1933 is also known as the Banking Act. This law was passed in during the Depression era. The act prohibited the investments and the commercials banking activities. The act was later repealed in 1999 with the Gramm-Leach-Bliley Act. The Glass-Steagall Act was originally part of President Franklin D. Roosevelt’s New Deal. During the pre-Depression era, the Commercial Banks were being too risky because not only were they investing their assets, they were also buying new issues
equipment needed to grow the coffee, but for right now we’ll stick with just the coffee itself). At this stage, the coffee crop is flowing through the market for resources from a household to a supplier of goods and services in exchange for money (Federal Reserve Bank of St. Louis,
Targeting by the BSP A monetary authority, reserve bank or what is often called as the central bank is a center that is in charge of the state or country’s currency, money supply and interest rates. Central Banks administer the commercial banking system of their own countries. The most important function of a central bank is to manage or to supervise the state or country’s money supply through keen commitment such as administering interest rates, demonstrating as a lender of last resort to the banking