1) What are the RBA’s main responsibilities? • Maintains the stability of Australian currency. • Helps in the economic prosperity and welfare of the people of the country. • Helps in maintenance of full employment in the country • Controls the inflation through monetary policy i.e. maintaining annual inflation rate between At between 2-3%. • It also gives an authorization of banking and registry services to agencies of the Government, other central banks and other…
The Global Financial Crisis (hereinafter the Crisis) has been the most significant financial disaster of the twenty-first century thus far. With hindsight, it is possible to isolate the causes of the crisis and so be able to gauge the responses of political thinkers. As the most severe financial crisis since the Great Depression, it was natural that the political responses of the time would be both highly important and highly controversial. In order to understand the causes of the crisis, one…
Environmental degradation that occurs through pollution other than greenhouse gas emissions is perhaps the most readily noticeable—and the most easily remedied—impact on people around the world. Whether it’s runoff from a chemical factory polluting a river (and thus, a community’s water supply), plastics washing out to sea and killing aquatic life, airborne particulate matter spewed by oil refineries causing illness in nearby populations, or one firm’s emissions affecting another firm’s ability…
companies’ money pool and an external revolving credit facility” (FirstEnergy Corp., p.38). “In October 2015, TrAIL issued $75 million of 3.76% senior notes due May 2025. The proceeds resulting from the issuance of the senior notes were used: (i) to fund capital expenditures, including with respect to TrAIL’s transmission expansions plans; and (ii) for working capital needs and other general business purposes” (FirstEnergy Corp.,…
"War keeps a nation from 'getting soft ' " The following is a quote from the book War Is a Force That Gives Us Meaning by Chris Hedges. The book is about how war “seduces not just those on the front lines but entire societies, and in this book it is explained that war is required for a nation to stay strong, ‘It gives us purpose, meaning, a reason for living.’ ” (http://rockethics.psu.edu/events/war-is-a-force-that-gives-us-meaning); but this way of thinking about war is false. As best said by…
INTRODUCTION First day of class our leadership class, our assignments were given out, and one of the assignments was to seek out two leaders and interview them. The interview should be focused on their background and the history of their organization, their leadership journey, the number of years they were active in their role or present leadership position, the number of people that they supported within their company or organization etc. In addition, what were the toughest challenges of…
1.1 Definition and Backgrounds Narrowly defined foreign exchange reserves refer to the foreign exchange part of the international reserve assets held by a government. Its manifestations include deposits held by the government in foreign banks, foreign treasury bonds, short-term and long-term bonds and other assets. Dollar, Euro and Pound are the main reserve currencies. Broad foreign exchange reserves also include reserve assets such as gold reserves and special drawing rights (SDRs). At the…
Colleges are like a double edged sword, they help people reach a higher level or learning but they also carry the potential to bury that same person in a mountain of student debt. People always think about what they can do to further their life, and a big part of that thinking revolves around how they are going to or even if they are going to attend college. The thought of the tuition fee and rising costs discourages some from taking that step towards a higher education, but for some, and…
These agencies and their “varying rules and standards led to certain entities not being regulated at all, with others subject to less oversight than their peer financial firms organized under different charters” (Morrison & Foerster, 2010, p. 6). After the financial crisis, analysts pointed to the “many regulatory failures” and gaps in oversight as the reason unethical and illegal practices were overlooked or ignored (Madrick, 2010, para. 3). As a result, the provisions set out by…
these entities. Medicare serves as the best illustration given 29% of the country’s prescription drug expenses are handled through the program with 90% of seniors require such medication. When more must be spent on the medications, there are less funds available than originally budgeted. Thus more money must be added to the program through tax increases or deficit spending. Or, the services must be reduced and coverage denied to many in need. With either course taken, society is…