Papers on Economy and Money
The Investment Industry
Words: 2304 - Pages: 9.... of discount brokering. From this time on, chartered banks have
expanded their dominance in the industry by acquiring key players in the
industry or branching off into full brokerage services. For example, the
brokerage firms for CIBC, Royal Bank, Toronto Dominion Bank, Bank of Nova Scotia
and Bank of Montreal are Wood Gundy, RBC Dominion, Evergreen, Scotia McLeod and
Nesbitt Burns respectively. In addition, the aforementioned chartered banks have
also branched into the discount brokerage sector.
As of December 1994, the Securities Industry as a whole included 158
firms, directly employs over 24,000 people, has operating revenue of $5.1
B .....
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The National Debt
Words: 484 - Pages: 2.... and CCC. Then social welfare was born and
social security began. This is what put our country into debt. Then came war,
the end of the depression, and the Eisenhower times.
The debt kept on growing so new president Lyndon Johnson developed new
social welfare programs- Medicare, and Medicaid. The U.S. Government came up
with the gold standard and stopped minting silver coins. The coins were then
made from scrap pieces of metal and the cash became paper. Richard Nixon and
Gerald Ford passed the debt and added to it. The first sign of bankruptcy
occured during the Jimmy Carter Presidency. Inflation skyrocketed and interest
rates fl .....
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U.S. Budget Deficit - Good Or Bad?
Words: 1533 - Pages: 6.... absorb it. The last time
the budget ran a surplus was in 1969 during Nixon’s presidency.
Budget deficits have grown larger and more frequent in the
last half-century. In the 1980s they soared to record levels. The
Government cut income tax rates, greatly increased defense spending,
and didn’t cut domestic spending enough to make up the
difference. Also, the deep recession of the early 1980s reduced
revenues, raising the deficit and forcing the Government to spend much
more on paying interest for the national debt at a time when interest
rates were high. As a result, the national debt grew in size after
19 .....
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History Of The World Bank
Words: 1190 - Pages: 5.... IBRD was created in 1946 for two purposes: the reconstruction of Europe
after WWII and for investment in the developing world. The initial priority
(reconstruction of Europe), ends in 1955 and all lending to Europe ends in
1967 and doesn't resume until 1989 with assistance to Central and eastern
Europe. Investment in the developing world is done by lending for projects
unable to attract private financing, neoliberal philosophy is followed to
decide what is considered economic development. The IBRD is the largest
source of development assistance.
The IBRD is an official or sovereign lender and operates as a bank, not an
aid-givin .....
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World Populations And Development
Words: 1761 - Pages: 7.... life spans. Nevertheless population growth remained low due to high
infant mortality rates. The impact of the neolithic revolution was not as much
on immediate population growth (even though it did have a long term impact on
population growth) as on the material and spiritual development of the human
race. It is widely regarded as the beginning of civilization. Industrial
revolution was another process of change. It was the process of substituting
muscle power with machine power. It took place in the 18th century in Europe
and is still happening in many parts of the world. In many characteristics it
has been similar to the neolithic revo .....
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Keynesian Theory And The New Deal
Words: 985 - Pages: 4.... tried to help the economy with the National Recovery
Administration. The NRA spread work and reduced unfair competitive
practices by cooperation in industry. Eventually the NRA was declared
unconstitutional. Franklin D. Roosevelt then needed a new plan.
Keeping the same idea of creating jobs he made many other
organizations devoted to forming jobs and in turn helping the economy.
One of those organizations was the Civilian Conservation Corps. This
corps took men off the streets and paid them to plant forests and
drain swamps. Another of these organizations was the .....
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Business And Ethics
Words: 2152 - Pages: 8.... employees within that company? From an ethical perspective one
would have to look at the available information of both the employees and their
superiors along with the role of others in the situation. Next you would have
to analyze the final outcome from a corporate perspective and then examine the
corporate responsibility as a whole in order to find a resolution for cases such
as this.
The first mitigating factor involved in the Company X case is the
uncertainty, on the part of the employees, on their duties that they were
assigned. It is possible that during the testing procedure, an employee
couldn't distinguish between the part .....
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Methods Of Accounting For Assets
Words: 915 - Pages: 4.... one of those information needs. Thus 'disclosure of revenues generated by the entity during the reporting period and the expenses incurred in generating this revenue, together with the assets, liabilities and equity of the entity at the end of the reporting period, will provide users with information to assist them to assess the financial performance of the entity over the reporting period' (SAC 2 Paragraph. 29). Further 'the financial position of the reporting entity involved disclosure of information about its control over resources, financial structure, capacity for adaptation and solvency'. Finally the information presented must .....
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The Origins Of The Great Depression
Words: 611 - Pages: 3.... the policy of laissez-fair. This deceitful, yet widely praised
policy was followed, and allowed the economy to go on without the
government interrupting or regulating it in any way. The belief that came
from this policy was that the businesses that consolidated would receive
larger profits from the consumer and share it in the worker's wages, who
would in turn invest in the general wealth by investing in the stock market
and also buying the manufacturer's goods. Even though it was true that the
businesses were gaining on profits, the worker's wages were not being
raised, and so they could not contribute to the buying of g .....
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When Sponsorship Becomes Too Big A Business
Words: 275 - Pages: 1.... time on TV that sports events
would be minimized, or even non-existing without commercials, but there is
a limit to everything. And the limit to this has been reached.
Every time tou want to have a good relaxing football match in front
of the TV you see COCA-COLA and IBM and all other known brands all over the
TV so that it is hard to see the atheletes because of all the billboards.
I think it sucks!.
Of course the advertizers should have the oppurtunity to show their
colors at sports events, but if it was a little but more discrete, it would
certainly be a lot more enjoyable to see football games on TV.
As .....
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