Federal Reserve Bank

Federal Reserve Bank In this essay I would like to discuss why the Fed changes interest rates, what economic mechanism uses interest rates to affect the economy, if the Fed's announcements really make a difference, and what the Fed's most affective monetary policy is.The first question to be answered is why does the Fed change interest rates. The Fed cannot control inflation or influence employment directly so instead, it affects them indirectly, by raising or lowering interest rates. Interest rates play an important role in the general business cycle and financial markets. When rates rise, consumers spend less, corporate profits are reduced, the stock market declines, and unemployment goes up. The Fed uses monetary policy as the economic policy to change interest rates and try to regulate consumer spending, the stock market, and unemployment.Do the Fed's announcements really make a difference? Yes, when the Fed makes an announcement it has an effect on people.English: Interest rates as set by the Bank o f Engl...When the interest rates go up, consumers will buy less and when rates go down consumers will usually buy more. When rates go up it is usually good news, and people will go get new mortgages on their houses, or maybe even buy a new house or car thus helping the economy.In conclusion the Fed's only way to control inflation or influence employment is by affecting them indirectly with monetary policy by raising or lowering of interest rates. The federal-funds rate is the main monetary policy instrument of the Fed and it does not directly impact the economy but when the news of lower or higher interest rates is spread, consumers react and therefore the economy reacts to their changed spending habits.

Twelve Tribes of Israel

Twelve Tribes of Israel The Twelve Tribes of Israel represent the traditional divisions of the Jewish people in the biblical era. The tribes were Reuben, Simeon, Judah, Issachar, Zebulun, Benjamin, Dan, Naphtali, Gad, Asher, Ephraim and Manasseh. The Torah, the Jewish Bible, teaches that each tribe was descended from a son of Jacob, the Hebrew forefather who became known as Israel. Modern scholars disagree. The Twelve Tribes in the Torah Jacob had two wives, Rachel and Leah, and two concubines, by whom he had 12 sons and a daughter. Jacobs favorite wife was Rachel, who bore him Joseph. Jacob was quite open about his preference for Joseph, the prophetic dreamer, above all others. Josephs brothers were jealous and sold Joseph into slavery in Egypt. Josephs rise in Egypt- he became a trusted vizier of the pharaoh- encouraged the sons of Jacob to move there, where they prospered and became the Israelite nation. After Josephs death, an unnamed Pharaoh makes slaves of the Israelites; their escape from Egypt is the subject of the Book of Exodus. Under Moses and then Joshua, the Israelites capture the land of Canaan, which is divided up by tribe. Of the remaining ten tribes, Levi was scattered throughout the region of ancient Israel. The Levites became the priestly class of Judaism. A portion of the territory was given to each of Josephs sons, Ephraim and Menasseh. The tribal period endured from the conquest of Canaan through the period of Judges until the kingship of Saul, whose monarchy brought the tribes together as one unit, the Kingdom of Israel. Conflict between Sauls line and David created a rift in the kingdom, and the tribal lines reasserted themselves. Historical View Modern historians consider the notion of the twelve tribes as descendants of a dozen brothers to be simplistic. It is more likely that the story of the tribes was one created to explain affiliations between groups inhabiting the land of Canaan subsequent to the writing of the Torah. One school of thought suggests that the tribes and their story arose in the period of the Judges. Another holds that the federation of the tribal groups happened after the flight from Egypt, but that this united group didnt conquer Canaan at any one time, but rather occupied the country bit by bit. Some scholars see the tribes supposedly descended from the sons born to Jacob by Leah- Reuben, Simeon, Levi, Judah, Zebulun and Issachar- to represent an earlier political grouping of six that was expanded by later arrivals to twelve. Why Twelve Tribes? The flexibility of the twelve tribes- the absorption of Levi; the expansion of Josephs sons into two territories- suggests that the number twelve itself was an important part of the way the Israelites saw themselves. In fact, biblical figures including Ishmael, Nahor, and Esau were assigned twelve sons and subsequently nations divisible by twelve. The Greeks also organized themselves around groups of twelve (called amphictyony) for sacred purposes. As the unifying factor of the Israelite tribes was their dedication to a single god, Yahweh, some scholars argue that the twelve tribes are simply an imported social organization from Asia Minor. The Tribes and Territories Eastern  · Judah · Issachar · Zebulun Southern  · Reuben · Simeon · Gad Western  · Ephraim · Manesseh · Benjamin Northern  · Dan · Asher · Naphtali Although Levi was dishonored by being denied territory, the tribe of Levi became the highly honored priestly tribe of Israel. It won this honor because of its reverence for Yahweh during the Exodus.

Business Process Reengineering Essay Example | Topics and Well Written Essays - 1000 words - 1

Business Process Reengineering - Essay Example These standards differ for different industries. Eaton Corporation is a global technology company that deals with assorted power management equipment for commercial and military use. Its global nature behoves it to assure customers, suppliers, investors and governments all over the world about the quality of its products and services using an internationally acceptable standard such as the ISO 9001:2000. From the document provided as Eaton Electric Limited’s quality policy, the company states that This part of Eaton’s quality policy conforms to ISO 9001: 2000, Section 5.3 a) that states that management should ensure that quality management is appropriate to the purpose of the organisation. ISO 9001:2000 compliance requires organisations to develop and implement  quality management systems (QMS) that interrelate or interact with elements that companies employ to manage how quality policies are put into practice and how quality objectives are attained. Communication is another key aspect of ISO 9001:2000. Communication assures control of the organisation’s quality system because members of staff are made aware of their roles, responsibilities and chain of authority. Ownership is ingrained into employees through communication. ISO 9001: 2000 Section 5.3 c) requires that the quality policy be communicated to the extent that it is understood by all within the organization. Eaton’s quality policy complies with this section where it reads: It is clear here that Eaton’s decision makers seek to constantly communicate with their employees about their quality systems objective through continuous training programs. Moreover it is only through communication that Eaton’s quality policy may get to be embedded within the organisational culture. Commitment to continuous improvement and measurability of the organisation’s quality policy are emphasized by Section 2.5 of ISO 9001:

Tata Motors Essay Example | Topics and Well Written Essays - 3250 words

Tata Motors - Essay Example Tata Motors had conducted a series of acquisitions. In the year 2004, it had taken over Daewoo Commercial Vehicles which is one of the leading truck companies of South Korea. In 2005, it purchased 21% share of Hispano Carrocera, a bus maker corporation of Spain. In the year 2006, Tata Motors was involved in a joint business partnership with Marcopolo, a body making company of buses and coaches of Brazil. In the same year, Tata Motors had made mutual venture with a Thailand manufacturing company to produce and enter the market of pickup cars. In the year 2008, Tata Motors had purchased two British automobile brands namely Jaguar and Land Rover. Since 1961, Tata Motors has been increasing its international presence. Tata’s cars are exported in many countries of Asia Pacific, Middle East, South America, South East Asia and Europe. In previous 50 years since its inception, Tata Motors has shown tremendous growth. It has more than 4500 scientists and engineers, 25000 employees and in the year 2009–2010 its calculated earnings was approximately 20 billion USD (TATA Motors, 2011). About Tata Nano In the year 2008, Tata Motors had uncovered the cheapest car of India, Tata Nano. Tata Nano has become the yardstick among all the smaller vehicles. It has been made with proper regulatory safety necessities of Indian market. It is also an environment friendly vehicle which produces less CO2 emission than two wheelers vehicles of India. The bend body design and less weight has made Tata Nano a fuel efficient vehicle which provides dual benefit of reasonable transportation solution and low environmental pollution (TATA Motors, 2011). Marketing Context Before introducing any product in the market there is a need to conduct marketing research plan. The 4Ps of marketing is a useful tool to develop clear idea about success of any product in the market. It helps to define the target market i.e. the segment for which the product will be produced. The proper pricing of the product to meet the needs of target market must be performed. Subsequently, the place where the product will be availabl e must be decided and finally the product must be advertised with proper promotion to develop brand awareness among target audience. Marketing Issue to be Investigated This research will investigate the marketing strategy of Tata Nano and its success in the automobile market. Tata Nano was introduced publicly in the year 2008. Initially, it was produced in two versions which are deluxe and standard. The vehicle has

princess margret :: essays research papers

British princess. Born August 21, 1930, at Glamis Castle in Scotland, as the second daughter of King George VI of the United Kingdom (who ruled from 1937 to his death in 1952) and sister of Queen Elizabeth II (1952--). In the early 1950s, the romance between Margaret—then third in line to the throne after her sister’s two children, Charles and Anne—and Group Captain Peter Townsend, a highly decorated World War II fighter pilot and recent divorcà ©, caused quite a scandal both within and outside of the British royal family. As the Church of England does not remarry divorcà ©s—a fact made all too memorable to the Windsor family by the abdication of Margaret’s uncle, Edward VIII, in 1936—Margaret was told she could marry Townsend only if she gave up her claim to the throne and her royal income and if she would live abroad for five years. In a speech broadcast to the nation in October 1955, Margaret publicly renounced her relationship with Townsend, who later married Marie-Luce Jamagne, whom he met while serving as Air Attachà © to Brussels. Townsend saw the princess only twice more, once in 1958 and again in 1993, when he was invited to the Royal Palace. He died in 1995. Seen as the â€Å"black sheep† of the royal family, Margaret subsequently entered into a tumultuous 18-year marriage to another commoner, the photographer Antony Armstrong-Jones (who became Earl of Snowdon). The two married in 1960 and had two children, David (Viscount Linley) and Sarah. Though both Margaret and her husband were unfaithful during their marriage, the royal family resisted the idea of a separation as far too scandalous. Finally, after tabloid photographs surfaced showing Margaret with her latest flame, Roddy Llewellyn, Snowdon’s request for a divorce was granted; he remarried five months later. Margaret continued her relationship with Llewellyn—a gardener and aspiring pop singer 17 years her junior—for seven years, frequently defending his often reckless behavior. As the turmoil surrounding her private life subsided, Margaret continued to make public appearances for the Girl Guides Association—she now serves as president and chairman of the organization—and numerous other charities. princess margret :: essays research papers British princess. Born August 21, 1930, at Glamis Castle in Scotland, as the second daughter of King George VI of the United Kingdom (who ruled from 1937 to his death in 1952) and sister of Queen Elizabeth II (1952--). In the early 1950s, the romance between Margaret—then third in line to the throne after her sister’s two children, Charles and Anne—and Group Captain Peter Townsend, a highly decorated World War II fighter pilot and recent divorcà ©, caused quite a scandal both within and outside of the British royal family. As the Church of England does not remarry divorcà ©s—a fact made all too memorable to the Windsor family by the abdication of Margaret’s uncle, Edward VIII, in 1936—Margaret was told she could marry Townsend only if she gave up her claim to the throne and her royal income and if she would live abroad for five years. In a speech broadcast to the nation in October 1955, Margaret publicly renounced her relationship with Townsend, who later married Marie-Luce Jamagne, whom he met while serving as Air Attachà © to Brussels. Townsend saw the princess only twice more, once in 1958 and again in 1993, when he was invited to the Royal Palace. He died in 1995. Seen as the â€Å"black sheep† of the royal family, Margaret subsequently entered into a tumultuous 18-year marriage to another commoner, the photographer Antony Armstrong-Jones (who became Earl of Snowdon). The two married in 1960 and had two children, David (Viscount Linley) and Sarah. Though both Margaret and her husband were unfaithful during their marriage, the royal family resisted the idea of a separation as far too scandalous. Finally, after tabloid photographs surfaced showing Margaret with her latest flame, Roddy Llewellyn, Snowdon’s request for a divorce was granted; he remarried five months later. Margaret continued her relationship with Llewellyn—a gardener and aspiring pop singer 17 years her junior—for seven years, frequently defending his often reckless behavior. As the turmoil surrounding her private life subsided, Margaret continued to make public appearances for the Girl Guides Association—she now serves as president and chairman of the organization—and numerous other charities.

My High School English Experience Essay

My high school English Class experience I was born in Beijing where it is difficult for me to get in touch with English. At that time, It is impossible for me to meet foreign people on Beijing. I didn’t know English until I was ten years old, but I was not interested in it. Therefore, my grades on English were not good all this time. However, after graduating from junior high school, I decided to study abroad on America so that I must be absorbed in studying English. Hence, I started to expect the English class on senior high school. Unfortunately, the English class was more than I thought it would be. In high school, I just met one English teacher who called Meng Ying. She abandoned all of my classmates include me. Admittedly, there were some student who never studying on my high school class. However, as a teacher, she never enlightened those naughty students. On the contrary, she detested those bad students, deciding to abandon the class. During the high school year, she seldom taught us, and most of the time, we have to self-studying English. At first, I was so disappointed that I even had a mind to transfer school because it is impossible for me to gain knowledge. On the other hand, she gave me a lot of time to explore the English world on my own and read my favorite novels such as The Great Gatsby. To a certain extent, I will say thank you to my English teacher because she made me more independent than used to be.

Standard Of Proof Common Civil Law Comparative Perspective Law Essay - Free Essay Example

Sample details Pages: 8 Words: 2283 Downloads: 10 Date added: 2017/06/26 Category Law Essay Type Compare and contrast essay Did you like this example? In both legal systems, common law and civil law, criminal and civil matters are the majority of issues occurring in legal proceeding. Criminal matters are legal affiliation between governments and citizens in which governments take a superior position. Criminal process, typically although not exclusively, is initiated by the government or an agency of government, and is directed towards the punishment of an individual who is alleged to have contravened a rule of conduct for which such punishment has been made the sanction.  [1]  In contrast, civil matters concern legal relationship among citizens with in which every party has an equal position. Civil matters are related to protection of personal rights considering loss of the breach of private obligations.  [2]  Consequently, this broad distinction influences any processes during examination in courts, particularly in the standards of proof, in both common law and civil law systems.  [3] The scope of this essay focuses on the proof process in courts. This essay will initially explain the differences between common law and civil law. Then, it will compare the standard of proof in both criminal and civil matters in common law jurisdiction. Next, it will also contrast the differences between standard of proof in both criminal and civil matters in Indonesia as a civil law country. In this context, common law refers to a legal system which comes from the English legal system, whereas civil law refers to a legal system which comes from the European continental system or Roman law and the Germanic tradition.  [4]  It can be seen that both system are products of western civilization.  [5]  There are three main differences in the characteristics of common law and civil law, namely applying and interpreting the law stated in a statute to cases, the roles of jury and judges, and the binding force of precedents.  [6] In the common law system, laws are usually created by judi cial decision, and thus law contained in code is a secondary resource.  [7]  On the contrary, in civil law, courts should be denied any interpretative function and should be required to refer problems of statutory interpretation to the legislature itself for solution.  [8]  This difference is affected because of the difference of role of legislator. In common law, the legislator provides the main task of courts to create law, while in civil law courts should apply the law which is created by the legislator.  [9] The role of jury has significant influence in courts in common law tradition.  [10]  The jury is representative of citizens to establish decision. On the other hand, in civil law tradition, judges decide cases based on the evidence in examination process. Jury is unknown in civil law tradition.  [11]  After examining evidence and witnesses, and hearing indictment and pleading, judges discuss and then formulate verdict of a case. Therefore, in civil law c ourts, judges roles include leading trial process, examining evidence and witnesses, and create a verdict. Courts decisions should be similar to previous decisions. This is a consequence of the doctrine of precedents in the common law system. However, in civil law system, this doctrine is not applied. Every judges decision could be different from other or previous decisions. The main role of the court is to establish the law legislated by legislator to cases. Beside three main differences, there are also some differences between common law and civil law. The common law procedure is usually called adversarial, while civil law it called inquisitorial.  [12]  Another difference is in the common law, oral evidence usually is positioned over written evidence, whereas in the civil law, written evidence prevails over oral evidence.  [13]  Moreover, common law tradition is known preparation of witnesses, but in civil law, preparation of witnesses is not allowed. In common l aw, a standard of proof in criminal law and civil law trials are different. The standard of proof in criminal proceedings is beyond reasonable doubt, while in civil proceeding is balance of probabilities. This dissimilarity might be because of the difference between criminal and civil matters are. It has been explained above, that criminal matters are legal affiliation between governments and citizens in which governments take a superior position. On the other hand, civil matters are related to protection of personal rights considering loss of the breach of private obligations.  [14]  Therefore, the distinction influences many aspects during examination process. In criminal proceedings, the burden of proof is on the prosecution. The prosecution have the burden of proving the quilt of the accused person beyond reasonable doubt.  [15]  It means that the prosecution should convince the jury that the defendant is guilty by showing evidence. Moreover, the defendants also have the rights to persuade the jury by preset their own evidence. Therefore, it can be said The prosecution and defence have only two polar options to choose from when bargaining to settle the criminal case.  [16] The judges, in criminal trials, are actively pursuit ultimate truth. The judges also have obligation to organise criminal proceeding in order to ensure that every party: the prosecutor, the defendant and the jury, is able to serve their rights. Furthermore, one of the functions of the judge is to inform the jury about the meaning of key terms, the principles of the applicable law, and the facts which must be proved to justify their verdict.  [17] In civil proceeding, on the contrary, judges are less active to examine evidence and witnesses. The parties in dispute has obligation to present evidence and witnesses and it can be established cross examination. They have to provide sufficient evidence to support their position.  [18]  In the other word, the party with the burden of proof need only prove his claim by a so-called preponderance of evidence.  [19]  Moreover, the plaintiff prevails only if the preponderance of the evidence is in the plaintiffs favour.  [20] Indonesia is a civil law country. Historically, this is because Indonesia received the legal system from Dutch colonial government and as a consequence of concordance principle. Indonesia, recently, has revised most of the acts which it received from the Netherlands government. In criminal law, Indonesia revised the main procedural act in 1981 (KItab Undang-undang Hukum Pidana/KUHAP),  [21]  but the main substantive law is processed in the parliament. On the contrary, Indonesian main acts associated with civil matters have not been revised. Consequently, Indonesia still imposes both the main substantive and procedural law in civil matters legislated before Indonesia become independent. Therefore, Indonesian Criminal Procedural Code could be in compliance with social ch ange, while the civil procedural act might be unable to be suitable with Indonesian social movement. Based on this situation, it seems that the distinction contributes to the implementation of criminal and civil procedural acts. Standard of proof, particularly, in civil matters and criminal matters are quite different. There are four main differences in this area, namely the main purpose of examination on the court, the judges roles and the kinds of evidence and reasons in judges decision. In common law jurisdiction, there are beyond reasonable doubt in criminal matters and balance of probabilities in civil matters. Similarly, in civil law jurisdiction, there are material truth in criminal matters and formal truth in civil matters as the main standard of examination on courts. Basically, criminal courts must actively find and obtain a material truth or at least closest to the ultimate truth.  [22]  Material truth constitutes as the essential aim for all parties (judges, at torney and defendant) in criminal court to prove the evidence completely as the fact of a case. In contrast, civil court must decide cases based on evidence provided by both parties. It seems that both parties have responsibility to present evidence. Consequently, a party is obliged to produce only those documents which are referred to in its pleadings.  [23]  In addition, in civil law the complaint actually determines the parameters of the case.  [24]  It means that civil courts would only focus on the complaint in the examination process. In criminal trial, attorneys must draw prejudgement in the beginning as a reference of examination.  [25]  The prejudgment contains defendants acts and rules related with the acts.  [26]  Thus, the responsibility for proving the acts is on the attorneys. This is because of the principle of presumption of innocence.  [27]  The attorneys have more responsibility to make the judges believe that the defendant is guilty by sh owing the proof.  [28]  Moreover, judges must decide cases based on prejudgment. If in the court, prejudgment could not be proved because the attorneys make mistakes in applying rules, consequently, judges will decide to release the defendant.  [29]  Even though, defendants acts were proved completely. The consequence of material truth is judges must also actively find facts of cases.  [30]  It is called inquisitorial.  [31]  Judges not only examine the evidence or witnesses showed by attorneys and defendants, but also they could command attorneys and defendants to present others evidence and witnesses. The judge does not have to wait for the counsels to present evidence, but he or she can actively initiate introducing of relevant evidence and may order one of the parties to disclose evidence in its possession.  [32]  This is for the reason that judges want to make sure that the defendant is guilty or not. Even though, if defendants admit a crime, but there is no evidence, judges will decide to release them.  [33]  This is because judges must meet with real truth. On the other hand, in civil trials, judges are rather passive when examining evidence and witnesses. This passive way also means that if the parties in dispute agree to finish the conflict, the judges cannot impede the agreement.  [34]  In addition Civil law procedure is usually called inquisitorial, because the judge examines the witnesses, and the parties in dispute practically have no right of cross-examination.  [35]  In Indonesian civil trials, burden of proof is on a party that have the greater opportunity to prove it.  [36]  Moreover, there is a principle called audi et altera parte. It means that judges are not allowed to justify a statement from a party, unless they clarify to the other party.  [37]  Finally, the judges decide that the party who could show more solid evidence would be considered as the winner. There are five kinds of evidence in Indonesian criminal courts.  [38]  This evidence is stated in KUHAP from the strongest to the weakest. First position is witnesses explanations, then experts information. There are three criteria of people who can be a witness. They are those who are or have experiencing, seeing and hearing something related directly to a case.  [39]  Indonesia practices unus testis nullus testis principle, which says judges decision cannot be only based on one witness, it must be based on at least two witnesses.  [40]  On the contrary, experts must present information that is only related to their knowledge.  [41]  Furthermore, the third form of evidence is written documents, and followed by clues. Documents are which is issued by the authority.  [42]  Clues are information or acts which can be linked logically one to another, and thus they create a logical conclusion.  [43]  In addition, defendants explanations take the last position. Defendants explanation can be withdr awn during the examination process.  [44] In civil court, there are five sorts of evidence. Similarly, the evidence is stated in HIR from the strongest to the weakest.  [45]  First evidence is documents. Based on HIR article 165-167, documents are signed letters containing incidents and constitute as basis of rights and agreements for making evidence. Different with evidence in criminal court, witnesses take the second position. The classifications of witnesses in civil courts are quite similar with criminal courts. Witnesses are people experiencing, seeing and hearing something related directly to a case.  [46]  The principle of unus testis nullus testis is also applicable in these courts. Moreover, the third position is presupposition. Presupposition means a conclusion which is created from information in documents and witnesses.  [47]  The last two positions are admission and oath. Admission is a partys statement justifying the opposite partys rights or an event.   [48]  As a consequence of this, the opposite party is not obligated to prove its rights or event.  [49]  Additionally, based on 155, 156, 158,177 HIR oath in this terms does not mean how to make an oath, but information or statements which are given under oath.  [50] Indonesian criminal courts practice Negatief Wettelijk Stelsel as the reason for judges to make verdict. Negatief Wettelijk Stelsel means that decision of judges based on prejudgement must be based on two reasons.  [51]  First, judges strongly believe that a defendant is guilty. Secondly, the belief is supported by at least two pieces of evidence which have been determined by rules.  [52]  Consequently, judges belief and proved evidence are united and cannot be separated. In Indonesian civil courts, a judges decision must consist of adequate and faultless reasons and considerable.  [53]  Additionally, judges decision must show articles from acts and unwritten rules as reference for judging.   [54]  Moreover, judges cannot decide something which is not requested or claimed by the parties. Therefore, the decision could grant or not grant all or some of the requests or claims, but it cannot add something which is not requested or claimed by the parties.  [55] There are broad distinctions between civil law and criminal law, particularly in the proof process, in both the common law and civil law system. Based on the arguments mentioned above, it can be concluded that the distinctions seem insignificant. Basically, it can be seen that justice could still be reached, even though there is a difference in the manner of proof process. Moreover, standard of proof in civil law and criminal law can be said to be similar. Beyond reasonable doubt in common law, and material truth in civil law have the same purpose to obtain certainty of facts. Similarly, the balance of probabilities in common law and formal truth in civil law have the same goal. The important thing is the di fferences which exist between civil law and common law should not be exaggerated.  [56] Don’t waste time! Our writers will create an original "Standard Of Proof Common Civil Law Comparative Perspective Law Essay" essay for you Create order