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David Folkerts-Landau
David Folkerts-Landau (born May 21, 1949) is a German born economist. He became member of the Deutsche Bank Group Executive Committee in 2012 and was named chief economist of Deutsche Bank on 1 June 2012. He is based in London. Born in Upleward, East Friesland, Folkerts-Landau attended Harvard University, earning a doctorate at Princeton University in 1978. After teaching at Chicago Business School he worked for the International Monetary Fund from 1983 to 1997 before moving on to the financial sector. He joined Deutsche Bank's London office in October 1997. He was a member of the Markets division executive committee headed by Anshu Jain, and later the investment bank executive committee. In 2012, he became a member of the Deutsche Bank Group Executive Committee, which was co-chaired by Anshu Jain and Jürgen Fitschen. At the same time, he also succeeded Thomas Mayer as Deutsche Bank's chief economist. He has kept a low public profile as chief economist and is better known as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bretton Woods II
An international monetary system is a set of internationally agreed rules, conventions and supporting institutions that facilitate international trade, cross border investment and generally the reallocation of capital between states that have different currencies. It should provide means of payment acceptable to buyers and sellers of different nationalities, including deferred payment. To operate successfully, it needs to inspire confidence, to provide sufficient liquidity for fluctuating levels of trade, and to provide means by which global imbalances can be corrected. The system can grow organically as the collective result of numerous individual agreements between international economic factors spread over several decades. Alternatively, it can arise from a single architectural vision, as happened at Bretton Woods in 1944. Historical overview Throughout history, precious metals such as gold and silver have been used for trade, sometimes in the form of bullion, and from ea ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1949 Births
Events January * January 1 – A United Nations-sponsored ceasefire brings an end to the Indo-Pakistani War of 1947. The war results in a stalemate and the division of Kashmir, which still continues as of 2022. * January 2 – Luis Muñoz Marín becomes the first democratically elected Governor of Puerto Rico. * January 11 – The first "networked" television broadcasts take place, as KDKA-TV in Pittsburgh, Pennsylvania goes on the air, connecting east coast and mid-west programming in the United States. * January 16 – Şemsettin Günaltay forms the new government of Turkey. It is the 18th government, last One-party state, single party government of the Republican People's Party. * January 17 – The first Volkswagen Beetle, VW Type 1 to arrive in the United States, a 1948 model, is brought to New York City, New York by Dutch businessman Ben Pon Sr., Ben Pon. Unable to interest dealers or importers in the Volkswagen, Pon sells the sample car to pay his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yoko Ono
Yoko Ono ( ; ja, 小野 洋子, Ono Yōko, usually spelled in katakana ; born February 18, 1933) is a Japanese multimedia artist, singer, songwriter, and peace activist. Her work also encompasses performance art and filmmaking. Ono grew up in Tokyo and moved to New York City in 1953 with her family. She became involved with New York City's downtown artists scene in the early 1960s, which included the Fluxus group, and became well known in 1969 when she married English musician John Lennon of the Beatles. The couple used their honeymoon as a stage for public protests against the Vietnam War. She and Lennon remained married until he was murdered in front of the couple's apartment building, the Dakota, on 8 December 1980. Together they had one son, Sean, who later also became a musician. Ono began a career in popular music in 1969, forming the Plastic Ono Band with Lennon and producing a number of avant-garde music albums in the 1970s. She achieved commercial and critical acc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wilbur Ross
Wilbur Louis Ross Jr. (born November 28, 1937) is an American businessman who served as the 39th United States Secretary of Commerce from 2017 to 2021. A member of the Republican Party, Ross was previously chairman and chief executive officer (CEO) of WL Ross & Co from 2000 to 2017. Before founding WL Ross & Co, Ross ran the bankruptcy restructuring practice at N M Rothschild & Sons in New York beginning in the late 1970s. In April 2000, Ross left Rothschild to found WL Ross & Co. Ross was a banker known for acquiring and restructuring failed companies in industries such as steel, coal, telecommunications, and textiles, later selling them for a profit after operations improved, a record that had earned him the moniker "King of Bankruptcy". Ross has been chairman or lead director of more than 100 companies operating in more than 20 countries. Named by Bloomberg Markets as one of the 50 most influential people in global finance, Ross was previously an adviser to New York City ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Dakota
The Dakota, also known as the Dakota Apartments, is a Housing cooperative, cooperative apartment building at 1 West 72nd Street (Manhattan), 72nd Street on the Upper West Side of Manhattan in New York City, United States. The Dakota was constructed between 1880 and 1884 in the Renaissance Revival architecture, Renaissance Revival style and was designed by Henry Janeway Hardenbergh for businessman Edward Cabot Clark. The building was one of the first large developments on the Upper West Side and is the oldest remaining luxury apartment building in New York City. The building is a National Historic Landmark and has been designated a city landmark by the New York City Landmarks Preservation Commission. The building is also a contributing property to the Central Park West Historic District. The Dakota occupies the western side of Central Park West between 72nd and 73rd Streets. It is largely square in plan and built around a central "I"-shaped courtyard, through which all apartments ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Financial Supervisory Authority
The Federal Financial Supervisory Authority (german: Bundesanstalt für Finanzdienstleistungsaufsicht, Bundesanstalt für Finanzdienstleistungsaufsicht) better known by its abbreviation BaFin is the financial regulatory authority for Germany. It is an independent federal institution with headquarters in Bonn and Frankfurt and falls under the supervision of the Federal Ministry of Finance. BaFin supervises about 2,700 banks, 800 financial services institutions, and over 700 insurance undertakings. History Background Prudential banking supervision in Germany essentially started as a consequence of the banking crisis of 1931, prior to which the only supervised credit institutions were the public savings banks. On , a decree established the office of (), for which Chancellor Heinrich Brüning appointed . In 1934, this was transformed into the , by new comprehensive banking legislation (german: Kreditwesengesetz of ). Initially the Reichsbank was associated with the supervisory p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greek Withdrawal From The Eurozone
A Greek withdrawal from the eurozone was a hypothetical scenario, debated mostly in the early to mid 2010s, under which Greece would withdraw from the Eurozone to deal with the Greek government-debt crisis of the time. This conjecture was given the nickname "Grexit", a portmanteau combining the English words 'Greek' and 'exit',Economist Who Coined ‘Grexit’ Now Says Greece Will Stay in Euro By Flavia Krause-Jackson. Bloomberg Business, 28 June 2015 By Ralph Atkins. '' |
2014–15 Russian Military Intervention In Ukraine
The Russo-Ukrainian War; uk, російсько-українська війна, rosiisko-ukrainska viina. has been ongoing between Russia (alongside Russian separatists in Ukraine) and Ukraine since February 2014. Following Ukraine's Revolution of Dignity, Russia Annexation of Crimea by the Russian Federation, annexed Crimea from Ukraine and supported pro-Russian separatists in the War in Donbas (2014–2022), war in Donbas against Ukrainian government forces; fighting for the first eight years of the conflict also included List of Black Sea incidents involving Russia and Ukraine, naval incidents, Russian–Ukrainian cyberwarfare, cyberwarfare, and Russia–Ukraine relations, heightened political tensions. In February 2022, the conflict saw a major escalation as Russia launched a 2022 Russian invasion of Ukraine, full-scale invasion of Ukraine. In early 2014, pro-Russian Ukrainian president Viktor Yanukovych was ousted from office as a result of the pro-European Euromaidan ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Quantitative Easing
Quantitative easing (QE) is a monetary policy action whereby a central bank purchases predetermined amounts of government bonds or other financial assets in order to stimulate economic activity. Quantitative easing is a novel form of monetary policy that came into wide application after the financial crisis of 2007-2008. It is intended to stabilize an economic contraction when inflation is very low or negative and when standard monetary policy instruments have become ineffective. Quantitative tightening (QT) does the opposite, where for monetary policy reasons, a central bank sells off some portion of its own held or previously purchased government bonds or other financial assets, to a mix of commercial banks and other financial institutions, usually after periods of their own, earlier, quantitative easing purchases. Similar to conventional open-market operations used to implement monetary policy, a central bank implements quantitative easing by buying financial assets from comme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Debt Crisis
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, is a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland, Spain, and Cyprus) were unable to repay or refinance their government debt or to bail out over-indebted banks under their national supervision without the assistance of third parties like other eurozone countries, the European Central Bank (ECB), or the International Monetary Fund (IMF). The eurozone crisis was caused by a balance-of-payments crisis, which is a sudden stop of foreign capital into countries that had substantial deficits and were dependent on foreign lending. The crisis was worsened by the inability of states to resort to devaluation (reductions in the value of the national currency) due to having the Euro as a shared currency. Debt accumulation in some eurozone members was in part due t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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