As the United States forges an international military and political coalition to counter the heinous attacks of September 11, it is equally important to mount a coordinated response to the economic dimension of the crisis. Acceptance of a financial meltdown or global recession would represent as great a defeat as a failure to punish the perpetrators of the bombing itself and their protectors.
The case for a multilateral economic strategy is compelling. Even prior to the attacks, the world was experiencing its first synchronized turndown in decades. Growth had slowed sharply almost everywhere and turned negative in a number of countries. There was genuine risk of a global recession and the latest, pre-attack US data underscore that possibility here.
The terrorist actions will depress economic activity further for at least a while. More importantly, the shock to confidence could lead American and other consumers into more cautious spending patterns for months or even longer. A worldwide downturn is all too possible.
A synchronized policy response is thus required. The key central banks have already taken the first essential steps by pumping sizable amounts of liquidity into the markets to prevent cash shortages that could disrupt commerce, and by making initial cuts in interest rates. The OPEC countries have also made a major contribution by announcing that they will maintain oil production at levels that will avoid exacerbating the problem. Much more is needed, however.
The next move should be a further, coordinated reduction in interest rates by the central banks, especially our own Federal Reserve and the European Central Bank that manages the euro. (The Bank of Japan's interest rates are already near zero.) Given the urgent need to restore confidence and provide the maximum stimulus to reviving economic activity, the world's monetary authorities should continue to act together in a rapid and decisive manner.
All three of the chief economic areas, including Japan as well as the United States and Europe, should also adopt expansionary fiscal measures. Strangely, the major European countries and Japan have been contemplating spending cutbacks, in the face of recession or sharp slowdown, to meet pre-planned budget targets. This would be akin to the Hoover economics that helped bring on the Great Depression in the 1930s, making a bad situation much worse.
Thomas Jefferson was the third president of the United States of America, and the principal author of the Declaration of Independence. He was governor of the state of Virginia between the years of 1779 and 1781. He was a founding father who believed in individual and estates rights. Many people admire him for having been a person who firmly believed in the ideals of democracy, equality and freedom. However, at the same time, he kept slaves, and made other contradictory decisions and this made other people to question his beliefs. Jefferson both, made good decisions for the country, but also made some bad decisions that were harmful to the US.
-1. How could the Federal Reserve prevent and solve financial crisis? – The function of Federal Reserve.
Thomas Jefferson has an amazing role in our lives today from the hard work and time he spent to make an easier future for all of us. There are days that some of us could not thrive as the people we are without the appliances he made to make challenging tasks easier for us. Some people look up to him because he never stopped doing great things and never stopped showing unselfishness. Thomas Jefferson revolutionized the world of the 18th century and centuries to come. Thomas Jefferson was one of the most influential people of the 18th century because he was one of the founding fathers of America, he was the founder of the University of Virginia, and he was the creator of many life changing inventions, which drastically changed the world.
Thomas Jefferson is most noted as being the author of the Declaration of Independence as well as our third president. He was also a diplomat, an architect, a musician, and scientist. His last act of public service was the founding of the University of Virginia in 1819. He valued this accomplishment as much as his authorship of the Declaration of Independence. However, his presidency left great legacies that touch the lives of all Americans still today. He will forever be associated with the Supreme Court decision in the case of "Marbury v Madison," the greatest land transaction in history, the Louisiana Purchase, and with the ratification of the Twelfth Amendment to the Constitution. Mr. Jefferson is firmly entrenched alongside George Washington and Abraham Lincoln as one of the truly great Americans.
The United States has had forty-three presidents serve this great nation, and each president has helped shape this country in different ways. Thomas Jefferson was the third president of the United States of America, the primary author of the Declaration of Independence, a Founding Father, and a member of the Jeffersonian Republican party. He was born in Virginia and served along other great men like George Washington. His two terms were full of both great achievements and terrible actions. The real question is whether or not Jefferson’s presidency bettered the nation in a positive way.
* The economy in the US and around the World was affected since the war on terror began.
President Jefferson wrote a bill that establishing religious freedom. He was an influential person in the United States. Jefferson was a lawyer, agronomist, musician, scientist, philosopher, author, architect, inventor, and a statesman this shows that he was an intelligent person with a lot of professions. Jefferson was studying at the college of William and Mary politics. He was a drawn to the legal profession. This helps him establish as a lawyer in Williamsburg, which led to his election to the House of Burgesses. His successes in the House of Burgesses help him to get the Second domination Continental Congress at Philadelphia. As well President George Washington chose him as the first Secretary of the State. Latter Thomas Jefferson gradually assumed leadership...
The foundation of America is based on the people, a democracy. Jefferson contributed to the "beliefs and the values of the American system and government"(Para.4) all of which are still practiced. In 1776(table) The Declaration of Independance was written and was greatly influenced by Jefferson, he "can be seen as a true miniser and prophet of those ideals"(Para.4). He knew that the people had to be taken into account and that made him strong. Jefferson once said "When the people fear the government there is tyranny, when the government fears the people there is liberty."
Thomas Jefferson was the third American President. Due to the fact that he was such an early President, he influenced our political system greatly, both in the short and long term with his seemingly quiet approach to congressional matters. During his presidency, many things happened that changed the United States as we know it. He coordinated the Louisiana Purchase, assisted in implementing the twelfth amendment, formed the character of the modern American President, and cut the U.S.’s war debt by a third.
A Founding Father, author of the Declaration of Independence, and the third President of the United States are all descriptors of the accomplished Thomas Jefferson. Mr. Jefferson has not only completed these successful feats, but he also managed to proficiently manage an astounding amount of other contributions to this country. Thomas Jefferson is associated not only with the founding of our strong nation, but he has completed a great many acts that have facilitated the growth of the United States. Thomas Jefferson accomplished numerous endeavors in his life, and this is why he is so respected and admired, even centuries after he was on the earth. Thomas Jefferson’s early life, contributions to the Revolution, and his life during and after
Having an illness can have an affect on an individual either physically or mentally. Anyone can be a victim of a mental illness such as, children 's, adults and senior citizens, it is not rare. There are hundreds of different types of mental illnesses and with more to be discovered in the near future. Struggling to accomplish a certain assignment or not being able to speak properly, can all be signs of someone who is suffering from a mental illness. Major depression, autism, anxiety and Schizophrenia, are just some disorders that can affect an individual’s state of mind, and over time if not not cured, it could become highly dangerous, but medications and therapy play a key role in controlling it. For some individuals enjoying life becomes
The track to understanding Thomas Jefferson begins with examining his life story. Pious describes President Jefferson by saying, “Thomas Jefferson is considered by many to be the most intelligent man to occupy the White House. He was a scientist, architect, landscaper, lawyer, inventor, violinist, and philosopher.(135)” Thomas Jefferson’s life began at Shadwell Plantation in Goochland, VA on April 13, 1743. Thomas Jefferson lived with his wealthy family on their plantation in Virginia. His dad was a member of the Virginia House of Burgesses. At sixteen, Thomas Jefferson was taught by Reverend James Maury. This man taught Jefferson the educational and religious principles he would need for life (Rutland 47-48). At a gathering of Nobel Prize recipients at the White House, John F. Kennedy once said, “I think this is the most extraordinary collection of talent, of human knowledge, that has ever been gathered together at the White House, with the possible exception of when Thomas Jefferson dined alone(Peters and Wolley).” This quote shows the value for education that Jefferson possesed. Jefferson attended William and Mary College in Virginia, but he dropped out to study law. In his lifetime, Jefferson also became a great architect. Jefferson designed and built his home at Mo...
In the past, mental illness was taboo to discuss and there was fear surrounding the topic. However, remarkable strides have been made in figuring out the causes of the disease and weighing the most effective treatments specialized for each specific disease. According to the American Psychotic Association, “A mental illness is a medical condition that disrupts a person's thinking, feeling, mood, ability to relate to others and daily functioning. Just as diabetes is a disorder of the pancreas, mental illnesses are medical conditions that often result in a diminished capacity for coping with the ordinary demands of life.”
Earthquakes are vibrations felt at the surface of the earth which are caused by disturbances of the energy in the earth's interior. These vibrations are known as seismic waves. (Skinner Robinson McVerry 1) There are different type sof seisimc waves such as Primary (P) waves, whcih travel the fastest, Secondary (S) waves which cause the earth to vibrate vertically, Surface (L) waves. P and S waves are "affected by changes in the density and the rigidity of the materials through which they pass." (Columbia Encyclopedia) Earthquakes vary in their intensity and duration. Often times they are strong enough to cause massive destriction. Tall buildings often suffer as a result of these natural disasters. In recent years this has become a larger and larger threat with both the number of large buildings, and their number of occupants increasing. In an effort to try to minimize the damage caused by earthquakes many some engineers focus primarily on designing and constructing earthquake resistant buildings. Earthquake engineers have gathered much of their information from analyzing past earthquakes, and learning which buildings can and can't withstand the tremors. The goals of these engineers is to design buildings that can withstand moderate earthquakes and obtain minimal damage, and that the buildings will not collapse lowering the probability of human deaths.
Earthquakes belong to the class of most disastrous natural hazards. They result in unexpected and tremendous earth movements. These movements results from dissemination of an enormous amount of intense energy in form of seismic waves which are detected by use of seismograms. The impact of earthquakes leaves behind several landmarks including: destruction of property, extensive disruption of services like sewer and water lines, loss of life, and causes instability in both economic and social components of the affected nation (Webcache 2).