of 2008 the Federal Reserve decide to lower interest in order to combat the high inflation and low employment growth. The recession slowly started to recover, during the summer of June 2009 it started to show improvement. After eight years of low interest rate (below zero). The Federal Reserve chairman Janet Yellen announced that the Fed would raise its targeted federal fund rate by 0.25, was post to do it June and/or September then decide to not to. Now in December 2016, the Federal Reserve is…
Throughout the centuries money has been one item that society shares whether they want to or not, because money allows society the greatest amount of flexibility in purchasing items. That flexibility allows for people to choose what they want to buy from any seller or to choose not to buy anything unless it is absolutely necessary. Certain money is better than other types of money, in the early days of the United States, we had a gold backed currency. While other nations don’t and their currency…
Branch Davidian in Waco, Texas was raided by the Federal Bureau of Investigations in 1993. Where 80 Americans including 24 children were killed in a fire that was set to straw and gasoline while the FBI raided their compound (PBS). The leader there was David Koresh who led his people in a shootout following with a mass suicide against the government raid. This in turn would be the reason for what led to the bombing of the Alfred P. Murrah Federal Building in Oklahoma City, Oklahoma in 1995…
Unlike that of his successors, he began his presidency with a federal budget surplus; however this was quickly depleted as fighting two wars and broad tax cuts led to annual budget deficits and eventually America experiencing its worst financial crisis in 2008, since the Great Depression. Congress passed a series of controversial Bush administration-sponsored plans to bail out the financial industry with hundreds of billions in federal funds. Bush also pushed unsuccessfully for a plan to replace…
U.S. Immigration and Customs Enforcement (ICE) are a vital part of the Department of Homeland Security (DHS). One of the major tools that agencies have between departments across all levels of law enforcement is a Memorandum of Understanding (MOU) or a Memorandum of Agreement (MOA). These documents contain concepts of mutual understanding, goals, plans, responsibilities, and actions for each party that is involved. For example, the U.S. Immigration and Customs Enforcement (ICE) established…
Over the past few decades, the privacy of US citizens has been a controversial topic. To ensure national security, domestic surveillance is conducted by the US. Under domestic surveillance, the federal government can monitor a person 's private life, such as checking phone calls or acquiring personal data. With the rise of terrorism, the USA has increased its security surveillance on Americans. Due to devastating terrorist acts, such as September 11, the government has made its private…
tools for businesses, persons seeking employment, and policymakers (Bureau of Labor Statistics/data). Data is gathered in part to aid the Federal Reserve System’s dual mandate from Congress, of providing price stability and maximum employment (Federal Reserve Bank of St. Louis/monetary). To better understand the reasoning behind the NCS, the purpose of the Federal Reserve System must be understood. Financial crises were prevalent…
subnational groups or clandestine agents. In the same definition, international terrorism refers to terrorism involving the territory or the citizens of more than one country (CIA). The Federal Bureau of Investigations explains that, "terrorism involves in violent acts or acts dangerous to human life that violate federal or state law (FBI). There are many ways to define terrorism and terrorist. In addition, there are some elements that helps to increase terrorist activities, i.e. religion,…
readily available. Thrifts were now able to make consumer and commercial loans to issue transaction accounts. According to the Federal Reserve, the Depository Institutions Deregulation and Monetary Control Act of 1980 was one of the most important laws enacted. At the time, high rates of inflation caused interest rates to rapidly increase, which in turn…
of war. After a terrorist attack occurs, often both reprehensions occur. For instance, this occurred in regards to the September 11th attacks in the United States. The United States has tried over 500 individuals with terrorism related charges in federal courts since the attacks and has also launched a “war on terror.” To be more specific, after the attacks the United…