Political Parties and Financial Institutions in the United States: The Myth of Direct Access

Author(s):  
Christine Zumello
Author(s):  
M. John Plodinec

Abstract Over the last decade, communities have become increasingly aware of the risks they face. They are threatened by natural disasters, which may be exacerbated by climate change and the movement of land masses. Growing globalization has made a pandemic due to the rapid spread of highly infectious diseases ever more likely. Societal discord breeds its own threats, not the least of which is the spread of radical ideologies giving rise to terrorism. The accelerating rate of technological change has bred its own social and economic risks. This widening spectrum of risk poses a difficult question to every community – how resilient will the community be to the extreme events it faces. In this paper, we present a new approach to answering that question. It is based on the stress testing of financial institutions required by regulators in the United States and elsewhere. It generalizes stress testing by expanding the concept of “capital” beyond finance to include the other “capitals” (e.g., human, social) possessed by a community. Through use of this approach, communities can determine which investments of its capitals are most likely to improve its resilience. We provide an example of using the approach, and discuss its potential benefits.


1975 ◽  
Vol 5 (3) ◽  
pp. 18-21
Author(s):  
Gerald J. Bender

In addition to our discussions today of the current situation in Angola, I would like to direct my remarks to the question of what role, if any, the United States should play with regard to Angola, and concretely, how the Congress can assist in the formulation and execution of a responsible American policy toward Angola. We have all learned a number of important lessons from recent revelations about the conduct of American policy in Southeast Asia, about Government coverups such as Watergate, corporate bribery of foreign officials and political parties, and about the illegal and unacceptable activities of the CIA as described in the Rockefeller Commission report and elsewhere. Certainly we can apply some of these lessons to our present consideration of U.S. policy toward Angola; hopefully we will learn the vital facts and ask the necessary questions now, rather than, as has too often been the case, after the fact.


2014 ◽  
Vol 14 (1) ◽  
pp. 49-68 ◽  
Author(s):  
Wyatt Wells

AbstractIn the 1890s, questions about whether to base the American currency upon gold or silver dominated public discourse and eventually forced a realignment of the political parties. The matter often confuses modern observers, who have trouble understanding how such a technically complex—even arcane—issue could arouse such passions. The fact that no major nation currently backs its currency with precious metal creates the suspicion that the issue was a “red herring” that distracted from matters of far greater importance. Yet the rhetoric surrounding the “Battle of the Standards” indicates that the more sophisticated advocates of both sides understood that, in the financial context of the 1890s, the contest between gold and silver not only had important economic implications but would substantially affect the future development of the United States.


1944 ◽  
Vol 38 (2) ◽  
pp. 235-248
Author(s):  
Clarence A. Berdahl

It is now more than one hundred years since the substance of the Connally Resolution was first adopted by a legislative body in the United States; it is almost fifty years since the United States, at the Hague Conferences, took the lead in pressing for an international court with much more power than the Court we have since failed to join; it is about thirty-five years since Congress itself, by a unanimous vote in both houses, adopted a resolution urging that the United States Navy be combined with other navies into an international police force for the preservation of peace; it is not quite thirty years ago that the political parties, without any of the present hullabaloo on the point, and at a time when the United States was not itself at war, achieved such a unity of position in their stand for effective American participation in world order as to make debate between them on that issue virtually nil; and it is not quite thirty years ago that the man soon to become the Republican leader in the Senate joined from the same platform with the Democratic President in an appeal for a League of Nations, and a League with force, both economic and military, at its command.


Author(s):  
Sara Fanning

This chapter looks at the newspapers that were central to those who were advocating a change in the relationship between Haiti and the United States. These newspapers were filled with reports about Haiti and Haitian leaders, including public proclamations, the “progress” of the island, and the commercial opportunities. Even reports that focused on trade offered accounts of Haiti's government and current events as context. Editors such as Hezekiah Niles and Benjamin Lundy and countless others contributed to this public file on Haiti. Niles published Niles' Weekly Register and prided himself on the paper's impartiality in an era when newspapers understood their role as representing particular political parties. Benjamin Lundy, the most famous American abolitionist in the 1820s, also lived in Baltimore to publish Genius of Universal Emancipation. He established his paper specifically to function as an antislavery voice and pushed the cause of Haitian recognition and emigration with it.


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