Raymond Lombra
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Raymond Lombra
Raymond Eugene "Ray" Lombra (born 1946 in Hamden, Connecticut) is an American economist and professor at Penn State University, where he is also the senior advisor to the Dean. Education Lombra graduated from Providence College in 1967 with a BA in economics. He went on to graduate from Penn State in 1968 with a master's degree, and received his PhD there in 1971. Career Lombra worked as a senior staff economist at the Board of Governors of the Federal Reserve System before joining the faculty at Penn State in 1977. He became Penn State's associate dean in 1992. Research Lombra has published over 75 scholarly articles and six books. In 1990, Americans for Common Cents enlisted Lombra to produce evidence in support of continuing to make the U.S. penny. He subsequently testified before the Senate Banking Committee that eliminating the penny would “impose a significant and regressive rounding ‘tax’ on the American public”. He has also said that eliminating the penny would hav ...
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Hamden, Connecticut
Hamden is a town in New Haven County, Connecticut, United States. The town's nickname is "The Land of the Sleeping Giant". The population was 61,169 at the 2020 census. History The peaceful tribe of Quinnipiacs were the first residents of the land that is now Hamden, they had great regard awe and veneration for the Blue Hills Sleeping Giant Mountain. amden was purchased by William Christopher Reilly and the Reverend John Davenport in 1638 from the local Quinnipiac Native American tribe. It was settled by Puritans as part of the town of New Haven. It remained a part of New Haven until 1786 when 1,400 local residents incorporated the area as a separate town, naming it after the English statesman John Hampden. Largely developed as a nodal collection of village-like settlements (which remain distinct today), including Mount Carmel (home to Quinnipiac University), Whitneyville, Spring Glen, West Woods, and Highwood, Hamden has a long-standing industrial history. In 1798, four ...
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Penn State University
The Pennsylvania State University (Penn State or PSU) is a public state-related land-grant research university with campuses and facilities throughout Pennsylvania. Founded in 1855 as the Farmers' High School of Pennsylvania, Penn State became the state's only land-grant university in 1863. Today, Penn State is a major research university which conducts teaching, research, and public service. Its instructional mission includes undergraduate, graduate, professional and continuing education offered through resident instruction and online delivery. The University Park campus has been labeled one of the "Public Ivies", a publicly funded university considered as providing a quality of education comparable to those of the Ivy League. In addition to its land-grant designation, it also participates in the sea-grant, space-grant, and sun-grant research consortia; it is one of only four such universities (along with Cornell University, Oregon State University, and University of Hawaiʻi ...
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Providence College
Providence College is a Private university, private Catholic Church, Catholic university in Providence, Rhode Island. Founded in 1917 by the Dominican Order and the Roman Catholic Diocese of Providence, local diocese, it offers 47 undergraduate Academic major, majors and 17 graduate programs. It requires all of its undergraduate students to complete 16 credits in the Development of Western Civilization, a major part of the college's core curriculum. In the spring of 2021, it enrolled 4,128 undergraduate students and 688 graduate students for a total enrollment of 4,816 students. In Providence Friars, athletics, Providence College competes in the National Collegiate Athletic Association, NCAA's NCAA Division I, Division I and is a founding member of the Big East Conference (1979–2013), original Big East Conference and Hockey East. It was part of the original six other basketball-centric Catholic colleges which broke off from the original Big East (today's American Athletic ...
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Federal Reserve Board Of Governors
The Board of Governors of the Federal Reserve System, commonly known as the Federal Reserve Board, is the main governing body of the Federal Reserve System. It is charged with overseeing the Federal Reserve Banks and with helping implement the monetary policy of the United States. Governors are appointed by the president of the United States and confirmed by the Senate for staggered 14-year terms.See Statutory description By law, the appointments must yield a "fair representation of the financial, agricultural, industrial, and commercial interests and geographical divisions of the country". As stipulated in the Banking Act of 1935, the Chair and Vice Chair of the Board are two of seven members of the Board of Governors who are appointed by the President from among the sitting governors of the Federal Reserve Banks. The terms of the seven members of the Board span multiple presidential and congressional terms. Once a member of the Board of Governors is appointed by the preside ...
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Americans For Common Cents
Americans for Common Cents is an organization based in Washington, D.C. that lobbies in favor of keeping the United States penny in circulation. It was established in 1990. The organization has conducted surveys and organized advertising campaigns in support of the continuing production of the penny. Its executive director, Mark Weller, has argued that eliminating the penny would lead to retailers rounding prices mainly up, not down, leading to inflation, but has offered little evidence to support this assertion. History The organization was established in 1990. That year, they commissioned a study which concluded that if the penny were eliminated, rounding purchases up to the nearest five cents could cost consumers $1.5 billion over a five-year period. In 2000, the organization asked Raymond Lombra to conduct a study on the effects of eliminating the penny on the rounding of prices. Lombra did so, and his study estimated that consumers would pay an extra $600 million per year in ...
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Penny (United States Coin)
The cent, the United States one-cent coin (symbol: ¢), often called the "penny", is a unit of currency equaling one one-hundredth of a United States dollar. It has been the lowest face-value physical unit of U.S. currency since the abolition of the half-cent in 1857 (the abstract mill, which has never been minted, equal to a tenth of a cent, continues to see limited use in the fields of taxation and finance). The first U.S. cent was produced in 1787, and the cent has been issued primarily as a copper or copper-plated coin throughout its history. The penny is issued in its current form as the Lincoln cent, with its obverse featuring the profile of President Abraham Lincoln since 1909, the centennial of his birth. From 1959 (the sesquicentennial of Lincoln's birth) to 2008, the reverse featured the Lincoln Memorial. Four different reverse designs in 2009 honored Lincoln's 200th birthday and a new, "permanent" reverse – the Union Shield – was introduced in 2010. The coin is ...
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Senate Banking Committee
The United States Senate Committee on Banking, Housing, and Urban Affairs (formerly the Committee on Banking and Currency), also known as the Senate Banking Committee, has jurisdiction over matters related to banks and banking, price controls, deposit insurance, export promotion and controls, federal monetary policy, financial aid to commerce and industry, issuance of redemption of notes, currency and coinage, public and private housing, urban development, mass transit and government contracts. The current chair of the committee is Democrat Sherrod Brown of Ohio, and the Ranking Member is Republican Pat Toomey of Pennsylvania. History The committee is one of twenty standing committees in the United States Senate. The committee was formally established as the "Committee on Banking and Currency" in 1913, when Senator Robert L. Owen of Oklahoma sponsored the Federal Reserve Act. Senator Owen served as the committee's inaugural chairman. Jurisdiction In accordance of Rule XXV of t ...
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Eastern Economic Journal
The ''Eastern Economic Journal'' is a quarterly peer-reviewed academic journal covering all aspects of economics. It was established in 1973 and is published by Palgrave Macmillan on behalf of the Eastern Economic Association. The editors-in-chief are Susan L. Averett and Edward N. Gamber (Lafayette College Lafayette College is a private liberal arts college in Easton, Pennsylvania. Founded in 1826 by James Madison Porter and other citizens in Easton, the college first held classes in 1832. The founders voted to name the college after General Laf ...). Abstracting and indexing The journal is abstracted and indexed in: External links * Eastern Economic Association Economics journals English-language journals Publications established in 1973 Quarterly journals Palgrave Macmillan academic journals Academic journals associated with learned and professional societies {{econ-journal-stub ...
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Living People
Related categories * :Year of birth missing (living people) / :Year of birth unknown * :Date of birth missing (living people) / :Date of birth unknown * :Place of birth missing (living people) / :Place of birth unknown * :Year of death missing / :Year of death unknown * :Date of death missing / :Date of death unknown * :Place of death missing / :Place of death unknown * :Missing middle or first names See also * :Dead people * :Template:L, which generates this category or death years, and birth year and sort keys. : {{DEFAULTSORT:Living people 21st-century people People by status ...
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1946 Births
Events January * January 6 - The 1946 North Vietnamese parliamentary election, first general election ever in Vietnam is held. * January 7 – The Allies recognize the Austrian republic with its 1937 borders, and divide the country into four Allied-occupied Austria, occupation zones. * January 10 ** The first meeting of the United Nations is held, at Methodist Central Hall Westminster in London. ** ''Project Diana'' bounces radar waves off the Moon, measuring the exact distance between the Earth and the Moon, and proves that communication is possible between Earth and outer space, effectively opening the Space Age. * January 11 - Enver Hoxha declares the People's Republic of Albania, with himself as prime minister of Albania, prime minister. * January 16 – Charles de Gaulle resigns as head of the Provisional Government of the French Republic, French provisional government. * January 17 - The United Nations Security Council holds its first session, at Church House, Westmin ...
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People From Hamden, Connecticut
A person ( : people) is a being that has certain capacities or attributes such as reason, morality, consciousness or self-consciousness, and being a part of a culturally established form of social relations such as kinship, ownership of property, or legal responsibility. The defining features of personhood and, consequently, what makes a person count as a person, differ widely among cultures and contexts. In addition to the question of personhood, of what makes a being count as a person to begin with, there are further questions about personal identity and self: both about what makes any particular person that particular person instead of another, and about what makes a person at one time the same person as they were or will be at another time despite any intervening changes. The plural form "people" is often used to refer to an entire nation or ethnic group (as in "a people"), and this was the original meaning of the word; it subsequently acquired its use as a plural form of per ...
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Pennsylvania State University Faculty
Pennsylvania (; (Pennsylvania Dutch language, Pennsylvania Dutch: )), officially the Commonwealth of Pennsylvania, is a U.S. state, state spanning the Mid-Atlantic (United States), Mid-Atlantic, Northeastern United States, Northeastern, Appalachian, and Great Lakes region, Great Lakes regions of the United States. It borders Delaware to its southeast, Maryland to its south, West Virginia to its southwest, Ohio to its west, Lake Erie and the List of Canadian provinces and territories, Canadian province of Ontario to its northwest, New York (state), New York to its north, and the Delaware River and New Jersey to its east. Pennsylvania is the List of U.S. states and territories by population, fifth-most populous state in the nation with over 13 million residents 2020 United States census, as of 2020. It is the List of U.S. states and territories by area, 33rd-largest state by area and ranks List of states and territories of the United States by population density, ninth among al ...
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