Paul Volcker

economy (Wallison, 2012). These corporations will also have to clearly document and submit their own insolvency plans for liquidation in the event of failure; this is commonly referred to as living wills. Many large banks have already begun submitting their living wills (Liberto, 2012). What some consider the hardest blow to the banking and financial industry is the Volcker Rule contained in Section VI of Dodd-Frank, named after former Federal Reserve Chairman Paul Volcker (Morrison & Foerster, 2010). This 298-page rule prohibits banks and other large financial institutions from owning or investing in hedge funds or private equity funds, and it bans proprietary trading (Koba, 2012). The Volcker Rule was written in response to the excessive amount of risk taken by the failed Wall Street banks of the 2008 recession in hopes to end shadow banking. Prior to Dodd-Frank, large financial entities that did not accept traditional deposits, such as hedge funds, along with some members and subsidiaries of large financial corporations who met compliance standards were able to slip through regulatory cracks. The Volcker Rule is slated to go into effect in 2014 (Mcgrane and Eaglesham, 2012). Regulators are still in debate over how to distinguish safe transactions from risky ones, like the $2+ billion loss that occurred at JP Morgan Chase earlier this year. The final big piece of regulation enforced upon banks under Dodd-Frank is the Durbin Amendment, named after its…

Saint Augustine was born is 354 in a North Africa province part of the Roman Empire. Growing up in the Roman Empire was a major influence on his work. He is well known for his theological teaching on Christianity and developed much of its doctrine. Augustine wrote on political philosophy as well and developed his own ideas on what the ideal state is. Augustine believes that government is an act of God and its function is to allow people to live good lives. The state is a part of God's…

Even the slightest expressions from human could have a meaning, and those expressions are called micro expressions. The term micro expressions is labeled as a “very brief facial expressions, lasting only a fraction of a second” (Micro Expressions). In other words, micro expressions only exist in a blink of an eye that human couldn’t capture. Furthermore, human ways of interaction are deeply connected to emotions and function through a system of “social signals: facial expressions” (Jack,…

Martha Graham’s “Lamentation,” like many of her other works, is a direct expression of emotion; an expression of emotion through body movements. Graham was known as the “Mother of Modern Dance” and for her technique “contraction and release.” She also focused on the stability and strength of the body and keeping its control. This technique was in efforts to develop and maintain flexibility in the spine and hips, specifically in a seated position. “Lamentation” was created in response to the…

“Through a career spanning more than sixty years, Paul Rand sustained an inimitable practice that crossed multiple disciplines without sacrificing his commitment to design with the highest quality and care,” (Palacio). Paul Rand was born in August of 1914 and died November of Cancer in 1996. Rand was a well-known American Graphic Designer best known for the designing of corporate logos. He was educated at The Pratt Institute, The Parsons School of Design, and the Art Students League. Rand was…

To Paul of Tarsus, the Law is less important compare to faith which he believes can bring salvation to everybody. According to Paul, all people are sinners. The way people become sinners not only because people have original sin but also for various reasons. For example,some people are sinner because they suppress the truth and believes on the things which is considered as wickedness. As the result their mind goes darken, their heart become impurity and they will do something dishonor either in…

interesting foreign policy of “Non-intervention”. A lot people regard the libertarian party an alternative to the republican party where one is fiscally conservative while at the same following democratic beliefs such as legalizing gay marriage, legalizing drugs etc. With regards to the ongoing election where a large majority of voters are stuck to choose between the lesser of the two evils the libertarian part saw a huge increase in their party membership. As of today the libertarian party…

He takes the two questions; did Jesus die on the cross? And did he appear to people three days later? Through the accounts of the Bible, we can answer yes to both of those questions—which Habermas says, makes your case (Strobel 64). Paul was an apostle of Jesus, and in his letter to Corinth, he says that he personally saw the resurrected Jesus two separate times. 1 Corinthians 9:1, “Am I not an apostle? Have I not seen Jesus our Lord?” (New King James Version). And in 1 Corinthians 15:8, “Last…

the words of Paul from the rhetoric and literary point of view, and consider the historical context and the background of the Galatians to whom the author speaks. Besides, the discussion will view the passage not as a separate statement, but in a combination with the ones around it. Finally, from the literary point of view, the passage will be characterized as a concluding part of the previous section. Overall, Galatians 4:1-7 has an explanatory and inspirational character; even though it is…

Non-verbal communication Non-Verbal Communication is a way in which information or feelings are transmitted to another person without being spoken or written. It can be defined ‘Behaviour and elements of speech aside from the words themselves that transmit meaning’ (Business Dictionary, 2014). The first non-verbal communication is posture. Posture is the way in which a person sits or stands which can send messages to people in their company. Posture should be open to make the professional look…