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Paul A. Volcker
Paul Adolph Volcker Jr. (September 5, 1927 – December 8, 2019) was an American economist who served as the 12th chairman of the Federal Reserve from 1979 to 1987. During his tenure as chairman, Volcker was widely credited with having ended the high levels of inflation seen in the United States throughout the 1970s and early 1980s. He previously served as the president of the Federal Reserve Bank of New York from 1975 to 1979. President Jimmy Carter nominated him to succeed G. William Miller as Fed chairman and President Ronald Reagan renominated him once. Volcker did not seek a third term at the Fed and was succeeded by Alan Greenspan. After his retirement from the Board, he chaired the Economic Recovery Advisory Board under President Barack Obama from 2009 to 2011 during the subprime mortgage crisis. Early life and education Volcker was born in Cape May, New Jersey, the son of Alma Louise (née Klippel, 1892–1990) and Paul Adolph Volcker (1889–1960).Treaster (2 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
President's Council On Jobs And Competitiveness
The President's Council on Jobs and Competitiveness, originally the President's Economic Recovery Advisory Board (PERAB), was an ad hoc panel of non-governmental experts from business, labor, academia and elsewhere that President of the United States Barack Obama created on February 6, 2009. The board reported to Obama and his economic team on possible ways to improve the nation's economy. Obama announced this new board on November 26, 2008, and also announced that it would be chaired by former Federal Reserve Chairman Paul Volcker with campaign economic adviser Austan Goolsbee as staff director and chief economist. The council met a total of four times, with its final meeting on January 17, 2012. In 2013, the authorization for the council was not renewed, causing the council to be permanently shut down. Overview The board followed the model of the President's Foreign Intelligence Advisory Board (PFIAB), which President Dwight Eisenhower established in 1956. Like the PFIAB, the advi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Princeton University
Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest institution of higher education in the United States and one of the nine colonial colleges chartered before the American Revolution. It is one of the highest-ranked universities in the world. The institution moved to Newark, New Jersey, Newark in 1747, and then to the current site nine years later. It officially became a university in 1896 and was subsequently renamed Princeton University. It is a member of the Ivy League. The university is governed by the Trustees of Princeton University and has an endowment of $37.7 billion, the largest List of colleges and universities in the United States by endowment, endowment per student in the United States. Princeton provides undergraduate education, undergraduate and graduate education, graduate in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Episcopal Church (United States)
The Episcopal Church, based in the United States with additional dioceses elsewhere, is a member church of the worldwide Anglican Communion. It is a mainline Protestant denomination and is divided into nine provinces. The presiding bishop of the Episcopal Church is Michael Bruce Curry, the first African-American bishop to serve in that position. As of 2022, the Episcopal Church had 1,678,157 members, of whom the majority were in the United States. it was the nation's 14th largest denomination. Note: The number of members given here is the total number of baptized members in 2012 (cf. Baptized Members by Province and Diocese 2002–2013). Pew Research estimated that 1.2 percent of the adult population in the United States, or 3 million people, self-identify as mainline Episcopalians. The church has recorded a regular decline in membership and Sunday attendance since the 1960s, particularly in the Northeast and Upper Midwest. The church was organized after the Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lutheranism
Lutheranism is one of the largest branches of Protestantism, identifying primarily with the theology of Martin Luther, the 16th-century German monk and Protestant Reformers, reformer whose efforts to reform the theology and practice of the Catholic Church launched the Reformation, Protestant Reformation. The reaction of the government and church authorities to the international spread of his writings, beginning with the ''Ninety-five Theses'', divided Western Christianity. During the Reformation, Lutheranism became the state religion of numerous states of northern Europe, especially in northern Germany, Scandinavia and the then-Livonian Order. Lutheran clergy became civil servants and the Lutheran churches became part of the state. The split between the Lutherans and the Roman Catholics was made public and clear with the 1521 Edict of Worms: the edicts of the Diet (assembly), Diet condemned Luther and officially banned citizens of the Holy Roman Empire from defending or propagatin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
City Manager
A city manager is an official appointed as the administrative manager of a city, in a "Mayor–council government" council–manager form of city government. Local officials serving in this position are sometimes referred to as the chief executive officer (CEO) or chief administrative officer (CAO) in some municipalities. Responsibilities In a technical sense, the term "city manager," in contrast to "chief administrative officer" (CAO), implies more discretion and independent authority that is set forth in a charter or some other body of codified law, as opposed to duties being assigned on a varying basis by a single superior, such as a mayor. As the top appointed official in the city, the city manager is typically responsible for most if not all of the day-to-day administrative operations of the municipality, in addition to other expectations. Some of the basic roles, responsibilities, and powers of a city manager include: * Supervision of day-to-day operations of all city ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Teaneck, New Jersey
Teaneck () is a Township (New Jersey), township in Bergen County, New Jersey, Bergen County, in the U.S. state of New Jersey. It is a bedroom community in the New York metropolitan area. As of the 2010 United States census, 2010 U.S. census, the township's population was 39,776, reflecting an increase of 516 (+1.3%) from the 39,260 counted in the 2000 United States census, 2000 census. As of 2010, it was the second-most populous among the 70 municipalities in Bergen County, behind Hackensack, New Jersey, Hackensack, which had a population of 43,010. Teaneck was created on February 19, 1895, by an act of the New Jersey Legislature from portions of Englewood Township, New Jersey, Englewood Township and Ridgefield Township, New Jersey, Ridgefield Township, both of which are now defunct (despite existing municipalities with similar names), along with portions of Bogota, New Jersey, Bogota and Leonia, New Jersey, Leonia.Snyder, John P''The Story of New Jersey's Civil Boundaries: ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
German Americans
German Americans (german: Deutschamerikaner, ) are Americans who have full or partial German ancestry. With an estimated size of approximately 43 million in 2019, German Americans are the largest of the self-reported ancestry groups by the United States Census Bureau in its American Community Survey. German Americans account for about one third of the total population of people of German ancestry in the world. Very few of the German states had colonies in the new world. In the 1670s, the first significant groups of German immigrants arrived in the British colonies, settling primarily in Pennsylvania, New York and Virginia. The Mississippi Company of France moved thousands of Germans from Europe to Louisiana and to the German Coast, Orleans Territory between 1718 and 1750. Immigration ramped up sharply during the 19th century. There is a "German belt" that extends all the way across the United States, from eastern Pennsylvania to the Oregon coast. Pennsylvania, with 3.5 millio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subprime Mortgage Crisis
The United States subprime mortgage crisis was a multinational financial crisis that occurred between 2007 and 2010 that contributed to the Financial crisis of 2007–2008, 2007–2008 global financial crisis. It was triggered by a large decline in US home prices after the collapse of a 2000s United States housing bubble, housing bubble, leading to Mortgage loan, mortgage delinquencies, foreclosures, and the devaluation of Mortgage-backed security, housing-related securities. Declines in residential investment preceded the Great Recession and were followed by reductions in household spending and then business investment. Spending reductions were more significant in areas with a combination of high household debt and larger housing price declines. The housing bubble preceding the crisis was financed with Mortgage-backed security, mortgage-backed securities (MBSes) and collateralized debt obligations (CDOs), which initially offered higher interest rates (i.e. better returns) than go ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Recovery Advisory Board
The President's Council on Jobs and Competitiveness, originally the President's Economic Recovery Advisory Board (PERAB), was an ad hoc panel of non-governmental experts from business, labor, academia and elsewhere that President of the United States Barack Obama created on February 6, 2009. The board reported to Obama and his economic team on possible ways to improve the nation's economy. Obama announced this new board on November 26, 2008, and also announced that it would be chaired by former Federal Reserve Chairman Paul Volcker with campaign economic adviser Austan Goolsbee as staff director and chief economist. The council met a total of four times, with its final meeting on January 17, 2012. In 2013, the authorization for the council was not renewed, causing the council to be permanently shut down. Overview The board followed the model of the President's Foreign Intelligence Advisory Board (PFIAB), which President Dwight Eisenhower established in 1956. Like the PFIAB, the ad ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation
In economics, inflation is an increase in the general price level of goods and services in an economy. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation corresponds to a reduction in the purchasing power of money. The opposite of inflation is deflation, a sustained decrease in the general price level of goods and services. The common measure of inflation is the inflation rate, the annualized percentage change in a general price index. As prices do not all increase at the same rate, the consumer price index (CPI) is often used for this purpose. The employment cost index is also used for wages in the United States. Most economists agree that high levels of inflation as well as hyperinflation—which have severely disruptive effects on the real economy—are caused by persistent excessive growth in the money supply. Views on low to moderate rates of inflation are more varied. Low or moderate inflation may be attri ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chair Of The Federal Reserve
The chair of the Board of Governors of the Federal Reserve System is the head of the Federal Reserve, and is the active executive officer of the Board of Governors of the Federal Reserve System. The chair shall preside at the meetings of the Board. The chair serves a four-year term after being nominated by the President of the United States and confirmed by the United States Senate; the officeholder serves concurrently as member of the Board of Governors. The chair may serve multiple terms, pending a new nomination and confirmation at the end of each term, with William McChesney Martin as the longest serving chair from 1951 to 1970 and Alan Greenspan as a close second. The chairs cannot be dismissed by the president before the end of their term. The current chair is Jerome Powell, who was sworn in on February 5, 2018. He was nominated to the position by President Donald Trump on November 2, 2017, and later confirmed by the Senate. He was subsequently nominated to a second term b ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London School Of Economics
, mottoeng = To understand the causes of things , established = , type = Public research university , endowment = £240.8 million (2021) , budget = £391.1 million (2020–21) , chair = Susan Liautaud , chancellor = The Princess Royal(as Chancellor of the University of London) , director = The Baroness Shafik , head_label = Visitor , head = Penny Mordaunt(as Lord President of the Council '' ex officio'') , students = () , undergrad = () , postgrad = () , city = London , country = United Kingdom , coor = , campus = Urban , free_label = Newspaper , free = '' The Beaver'' , free_label2 = Printing house , free2 = LSE Press , co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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