finance

Federal Reserve

In 1913, the Federal Reserve system, the main banking system of the whole United States, was established. Back then, the United States citizens had no idea that the association would turn out to what it has. The Federal Reserve conducts open market operations to control the nations money supply. They...

Open Document

Luis Cardenas

Having deep family roots and many friends, Luis Cardenas comes from the largest city in the state baring his B.A. and a teaching credential. About nine years ago when he was a sophomore in high school Luis automatically knew teaching was his dream job after his wonderful experience teaching crafts...

Open Document

Financial Reporting

Major differences in the financial reporting practices of companies in different countries lead to problems for those preparing, consolidating and interpreting published financial statements. These differences will be discussed in the first part of the essay. Attempts to harmonise financial statements on an international scale have been made by bodies...

Open Document

Controlling Inflation Is Simple We Simply Control The Money Supply

“Controlling inflation is simple, we simply control the money supply”. What do you think of this opinion? This opinion expresses the monetarist’s stance, emphasizing the power of the Central Bank policy to control the economy by preserving the stability of the financial markets. This, in effect means maintaining an equilibrium...

Open Document

Public Pillars Private Lives

A Master Plan Alexander Hamilton was at work on a document that would make or break America’s emerging financial system. The stakes were enormous. What lay at risk was the centerpiece of Hamilton’s financial system, a bank. Not just any bank, but a Bank of the United States. With this...

Open Document

2007 Market Forecast

On November 13, 2007, The Wall Street Journal reported that the Dow industrials jumped 319.54 points, or 2.5%, to 13307.09, which is the second-biggest point and percentage gain this year. On November 14, 2007, Wall Street reported that after the opening bell, the Dow Jones Industrial Average was up 48.86...

Open Document