The Federal Reserve in the United States acts as the country’s central bank. It has a mandate to promote maximum employment, stable prices and moderate long-term interest rates. The “Fed” has three main functions: –Provides and maintains an effective payments system, –Supervises and regulates banking operations –Conducts monetary policy. Structure of the Federal Reserve System: […]
U.S. Central Bank Monetary Policy Ensures Money and Credit
Posted August 11th, 2011 at 10:30 am (UTC-5)
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List of Countries With Top Credit Ratings
Posted August 11th, 2011 at 10:25 am (UTC-5)
Here is a list of countries with the highest possible (AAA) sovereign debt rating by all three major rating agencies, including Standard & Poor’s: Austria Canada Denmark Finland France Germany Luxembourg Netherlands Norway Singapore Sweden Switzerland United Kingdom These are the countries that are rated by S&P one step below the top (AA+): Belgium New […]
U.S. Central Bank Monetary Policy Ensures Money and Credit
Posted August 9th, 2011 at 1:50 pm (UTC-5)
The Federal Reserve in the United States acts as the country’s central bank. It has a mandate to promote maximum employment, stable prices and moderate long-term interest rates. The “Fed” has three main functions: –Provides and maintains an effective payments system, –Supervises and regulates banking operations –Conducts monetary policy. Structure of the Federal Reserve System: […]
Debt Deal Includes Compromise, Concessions
Posted August 1st, 2011 at 1:00 pm (UTC-5)
The deal to end the U.S. debt-ceiling standoff contains some important compromises. It allows the debt ceiling to rise by up to $2.4 trillion — enough to keep the country borrowing money until 2013. It includes spending cuts that could reach $2.5 trillion, to exceed the amount of the debt ceiling increase. It initally cuts […]
What is a famine?
Posted July 20th, 2011 at 10:10 am (UTC-5)
Definition of Famine: The word famine is a term that is not used lightly by humanitarian organizations. The United Nations describes a crisis as a famine only when the following conditions are met: – Malnutrition rates exceed 30 percent – More than two people per 10,000 people are dying each day – Severe lack of […]
Thai Voters Choose New Parliament Sunday
Posted June 30th, 2011 at 12:10 pm (UTC-5)
Thai voters go to the polls Sunday to choose a new parliament. Here are some key facts about the election: The Main Candidates: Prime Minister Abhisit Vejjajiva: The Oxford educated Mr. Abhisit enjoys strong backing from the Thai military and the country’s royalist elite. He was appointed prime minister in 2008, following two years of […]
