scholarly journals Misplaced Populist Rage: Congressional Missteps With Executive Compensation Limitations In The Bailout Legislation

2009 ◽  
Vol 71 (2) ◽  
Author(s):  
Joseph Filloy
Keyword(s):  
Executive Compensation ◽  
Federal Government ◽  
The United States ◽  
Too Big To Fail ◽  
Subprime Mortgage ◽  
Mortgage Crisis ◽  
The World ◽  
Emergency Economic Stabilization Act ◽  
Economic Stabilization ◽  
The U.S

Starting in the summer of 2008, the United States and most other economies of the world began to feel the effects of the subprime mortgage crisis. In response, the federal government enacted The Emergency Economic Stabilization Act of 2008 (EESA) and The American Recovery and Reinvestment Act of 2009 (ARRA) to help restore stability to the U.S. economy. Ultimately this legislation, commonly referred to as “the bailout bill(s),” would result in substantial outlays of taxpayer money to financial institutions deemed systemically significant, or “too big to fail.”

Introduction

2017 ◽  
Author(s):  
Rachael Kiddey
Keyword(s):  
Urban Population ◽  
Real Life ◽  
The United States ◽  
Growing Up ◽  
Rural County ◽  
Subprime Mortgage ◽  
Mortgage Crisis ◽  
The World ◽  
School Uniform ◽  
Post War

As I write this book, statistics show that there is an increasing housing shortage that has been projected, by 2025, to leave a third of the global urban population living in substandard housing or going without essentials to pay for their housing. Homelessness is an increasing problem worldwide. In Britain, where the fieldwork drawn on throughout this book was conducted, the latest available statistics show that rough sleeping rose by 31 per cent between autumn 2014 and autumn 2015. In the United States, the number of people living in severely overcrowded households has risen by 67 per cent since the effects of the subprime mortgage crisis triggered the recession of 2007. If we add to this data the rising number of people who are being forcibly displaced from their homes by war and other violence, the need to study how homelessness materializes and shapes the world around us becomes more urgent. As a child growing up by the sea in Devon, a rural county in the south-west of England, I initially encountered homelessness in two ways: the first was while on a rare shopping trip to Plymouth to buy school uniform in 1986. I was 8 years old. It was raining and the post-war architecture loomed greyer than usual. A man sitting on the pavement huddled his dog close to him, their heads down. I asked my mum what he was doing. ‘He’s homeless. Poor man! Don’t stare,’ she said. Her words rang in my ears as I tried, but failed, to conceive of having no home. The second encounter was more cheerful. I grew up in a house by the River Avon.5 When the tide is out, the riverbed becomes a mudflat, and in July and August it is green with samphire. A tramp called Albert, his yellow oilskins and bushy white beard making him seem to me a real-life Captain Birdseye, could be seen collecting samphire from the riverbed every summer until he died. A bench has since been erected in his memory. Albert was homeless too, but in a different, older way than the man I remember from Plymouth.

Ushering in the Millennium, Or How an American City Reversed the Past and Single-Handedly Inaugurated the End-Time

Prospects ◽  
1997 ◽  
Vol 22 ◽  
pp. 35-67
Author(s):  
Paul E. Chevedden
Keyword(s):  
United States ◽  
Federal Government ◽  
The United States ◽  
American City ◽  
Turn Of The Millennium ◽  
The Past ◽  
Major Significance ◽  
The World ◽  
To Come ◽  
The U.S

The story of millennialism extends down the ages from the ancient Near East to the present. In his seminal study on the origins of millennialism,Cosmos, Chaos and the World to Come: The Ancient Roots of Apocalyptic Faith, Norman Cohn exclaims, “What a story it has become!”Much theological speculation; innumerable millenarian movements, including those now flourishing so vigorously in the United States; even the appeal once exercised by Marxist-Leninist ideology – all this belongs to it. Nor is there any reason to think that the story is nearing its end. The tradition whose origins are studied in this book is still alive and potent. Who can tell what fantasies, religious or secular, it may generate in the unforseeable future?What fantasies, indeed!All scholars who have studied millennialism have investigated unsuccessful movements, or movements that have yet to succeed, that is, achieve the millennium. This essay explores a successful millennial movement, one that has already ushered in the messianic age. Although this achievement is restricted geographically — to a city — it is nonetheless of major significance. Not only did this millennial movement receive support from the U.S. federal government, but it also accomplished its goal prior to the turn of the millennium.

scholarly journals The Influence of Covid-19 on Subprime in the U.S.

2021 ◽  
Vol 235 ◽  
pp. 01063
Author(s):  
Haoyang Li
Keyword(s):  
Financial Market ◽  
Financial Institutions ◽  
The United States ◽  
Subprime Lending ◽  
Subprime Mortgage ◽  
The Us ◽  
The World ◽  
Us Government ◽  
The 2008 Financial Crisis ◽  
The U.S

Subprime lending in the United States was a major concern after the 2008 financial crisis. While Covid-19 is sweeping the world, how will the US government and financial institutions deal with the potential crisis of subprime mortgage will be discussed in this study. Financial market institutions and the US government should both change their strategies to deal with the crisis. In addition to controlling the spread of the epidemic, the US government should temporarily lower the minimum wage and provide a series of quantitative financial subsidies. Financial institutions should also update loan data and use better monitoring and regulation to reduce subprime risk to cope with this potential crisis.

Connecting Alaska: The Washington-Alaska Military Cable and Telegraph System

2007 ◽  
Vol 6 (4) ◽  
pp. 385-408 ◽  
Author(s):  
David Eric Jessup
Keyword(s):  
United States ◽  
Federal Government ◽  
The United States ◽  
Gold Rush ◽  
Long Distance ◽  
The World ◽  
Signal Corps ◽  
The U.S ◽  
Technological Achievement

In response to the Klondike gold rush, the U.S. Army established isolated forts throughout Alaska. Between 1900 and 1905, the Signal Corps connected those posts with each other and with the contiguous United States by means of the Washington-Alaska Military Cable and Telegraph System (WAMCATS). A significant logistical and technological achievement, the system of thousands of miles of suspended landlines and underwater cable included the first successful long-distance radio operation in the world. The first physical link between the United States and Alaska, the telegraph was also the first major contribution to Alaskan infrastructure provided by the federal government, marking the beginning of the government's central role in the development of Alaska.

THE INFLUENCE OF SCOTTISH ACCOUNTANTS IN THE UNITED STATES: THE EARLY CASE OF THE SOCIETY OF ACCOUNTANTS IN EDINBURGH

1997 ◽  
Vol 24 (1) ◽  
pp. 117-141 ◽  
Author(s):  
T. A. LEE
Keyword(s):  
United States ◽  
General Theory ◽  
Research Program ◽  
The United States ◽  
The World ◽  
Early Case ◽  
The Impact ◽  
Chartered Accountants ◽  
The U.S

This study represents part of a long-term research program to investigate the influence of U.K. accountants on the development of professional accountancy in other parts of the world. It examines the impact of a small group of Scottish chartered accountants who emigrated to the U.S. in the late 1800s and early 1900s. Set against a general theory of emigration, the study's main results reveal the significant involvement of this group in the founding and development of U.S. accountancy. The influence is predominantly with respect to public accountancy and its main institutional organizations. Several of the individuals achieved considerable eminence in U.S. public accountancy.

scholarly journals The Global Domain of the Dollar: Eight Questions

2020 ◽  
Vol 48 (4) ◽  
pp. 421-429
Author(s):  
Robert N. McCauley
Keyword(s):  
Economic Activity ◽  
Balance Sheet ◽  
The United States ◽  
Fiscal Deficits ◽  
Exorbitant Privilege ◽  
The World ◽  
World Economic ◽  
Dollar Debt ◽  
The 1960S ◽  
The U.S

Abstract Since the late 1950s, the rest of the world has come to use the dollar to an extent that justifies speaking of the dollar’s global domain. The rest of the world denominates much debt in U.S. dollars, extending U.S. monetary policy’s sway. In addition, in outstanding foreign exchange deals, the rest of the world has undertaken to pay still more in U.S. dollars: off-balance-sheet dollar debts buried in footnotes. Consistent with the scale of dollar debt, most of the world economic activity takes place in countries with currencies tied to or relatively stable against the dollar, forming a dollar zone much larger than the euro zone. Even though the dollar assets of the world (minus the United States) exceed dollar liabilities, corporate sector dollar debts seem to make dollar appreciation akin to a global tightening of credit. Since the 1960s, claims that the dollar’s global role suffers from instability and confers great benefits on the U.S. economy have attracted much support. However, evidence that demand for dollars from official reserve managers forces unsustainable U.S. current account or fiscal deficits is not strong. The so-called exorbitant privilege is small or shared. In 2008 and again in 2020, the Federal Reserve demonstrated a willingness and capacity to backstop the global domain of the dollar. Politics could constrain the Fed’s ability to backstop the growing share of the domain of the dollar accounted for by countries that are not on such friendly terms with the U.S.

Accepting Regional Zero: Nuclear Weapon Free Zones, U.S. Nonproliferation Policy and Global Security, 1957–1968

2015 ◽  
Vol 17 (2) ◽  
pp. 36-72 ◽  
Author(s):  
James Stocker
Keyword(s):  
Latin America ◽  
Nuclear Weapon ◽  
Security Policy ◽  
The United States ◽  
Nuclear Nonproliferation ◽  
Nuclear Strategy ◽  
The World ◽  
History Of ◽  
The U.S ◽  
Over Time

Nuclear weapon free zones (NWFZs) were an important development in the history of nuclear nonproliferation efforts. From 1957 through 1968, when the Treaty of Tlatelolco was signed, the United States struggled to develop a policy toward NWFZs in response to efforts around the world to create these zones, including in Europe, Africa, Latin America, and the Middle East. Many within the U.S. government initially rejected the idea of NWFZs, viewing them as a threat to U.S. nuclear strategy. However, over time, a preponderance of officials came to see the zones as advantageous, at least in certain areas of the world, particularly Latin America. Still, U.S. policy pertaining to this issue remained conservative and reactive, reflecting the generally higher priority given to security policy than to nuclear nonproliferation.

scholarly journals CONTAGION AND DOWNSIDE RISK IN THE REIT MARKET DURING THE SUBPRIME MORTGAGE CRISIS

2015 ◽  
Vol 19 (1) ◽  
pp. 42-57 ◽  
Author(s):  
Ming-Chi CHEN ◽  
Hsiu-Jung TSAI ◽  
Tien-Foo SING ◽  
Chih-Yuan YANG
Keyword(s):  
Stock Returns ◽  
The United States ◽  
The European Union ◽  
Subprime Mortgage ◽  
Crisis Period ◽  
Contagion Effects ◽  
Mortgage Crisis ◽  
Systematic Risks ◽  
Subprime Mortgage Crisis ◽  
Capm Beta

This study empirically tests the contagion effects in stock and real estate investment trust (REIT) markets during the subprime mortgage crisis by using daily stock- and REIT-markets data from the following countries and international bodies: the United States, the European Union, Japan, Hong Kong, Singapore, Australia, and the global REIT market. We found a significant and positive dynamic conditional correlation (DCC) coefficient between stock returns and REIT returns. The results revealed that the REIT markets responded early to market shocks and that the variances were higher in the post-crisis period than in the pre-crisis period. Evidence supporting the contagion effects includes increases in the means of the DCC coefficients during the post-crisis period. The Japanese and Australian REIT markets possess the lowest time-varying downside systematic risks. We also demonstrated that the “DCC E-beta” captures more significant downside linkages between market portfolios and expected REIT returns than does the standard CAPM beta.

The Detraditionalization of Intimacy Reconsidered

2005 ◽  
Vol 23 (3) ◽  
pp. 286-311 ◽  
Author(s):  
Neil Gross
Keyword(s):  
Intimate Relationships ◽  
The United States ◽  
Sexual Intimacy ◽  
Moral Communities ◽  
Cultural Frameworks ◽  
The World ◽  
Relative Decline ◽  
Modern Era ◽  
Late Modern ◽  
The U.S

This essay challenges those strains of contemporary social theory that regard romantic/ sexual intimacy as a premier site of detraditionalization in the late modern era. Striking changes have occurred in intimacy and family life over the last half-century, but the notion of detraditionalization as currently formulated does not capture them very well. With the goal of achieving a more refined understanding, the article proposes a distinction between “regulative” and “meaning-constitutive” traditions. The former involve threats of exclusion from various moral communities; the latter involve linguistic and cultural frameworks within which sense is made of the world. Focusing on the U.S. case and marshaling various kinds of empirical evidence, the article argues that while the regulative tradition of what it terms lifelong, internally stratified marriage has declined in strength in recent years, the image of the form of couplehood inscribed in this regulative tradition continues to function as a hegemonic ideal in many American intimate relationships. Intimacy in the United States also remains beholden to the tradition of romantic love. That these meaning-constitutive traditions continue to play a central role in structuring contemporary intimacy suggests that detraditionalization involves the relative decline only of certain regulative traditions, a point that calls into question some of the normative assessments that often accompany the detraditionalization thesis.

scholarly journals The Collapse of the Appellate Body as a Determining Factor of the WTO’s Future

2021 ◽  
Vol 16 (3) ◽  
pp. 238-255
Author(s):  
Hryhorii M. Kalachyhin ◽  
Keyword(s):  
Dispute Resolution ◽  
World Order ◽  
The United States ◽  
Economic Regulation ◽  
Trade Disputes ◽  
Appellate Body ◽  
The World ◽  
Shifting Balance ◽  
Wto Appellate Body ◽  
The U.S

The World Trade Organization (WTO) is one of the leading institutions involved in global economic regulation. Its purposes are to ensure multilateral cooperation on the liberalization of international trade, harmonize existing standards and requirements, and peacefully resolve trade disputes between countries. Since 11 December 2019, dispute resolution has been handicapped due to the consistent blocking of the appointment of members to the WTO Appellate Body (AB) by the United States. This has reduced the multilateral trading system’s (MTS) predictability and threatens its final decay. In this article, the fundamental and formal causes of the collapse are described, and its circumvention mechanisms and effectiveness are discussed. At the same time, an assessment is given of the possibility to overcome the collapse in 2021, considering the change of the U.S. president and other events. Special attention is paid to Russia’s position and its current and potential losses. Finally, the issue of dispute resolution through regional trade agreements is proposed for discussion. The fundamental reasons for the collapse were the shifting balance of power in the world order and the WTO’s inflexibility in adjusting the rulebook and its procedures. The main reasons for the U.S.’ dissatisfaction are objective but based on formalities; the blockage of the AB is an overreaction. Moreover, the U.S.’ position on this issue has not changed with the new president. As a result, there is abuse of the current situation as WTO members file appeals “into the void.” Existing tools to circumvent the collapse are partial and not yet popular among WTO members. Russia needs to resume the AB’s work to complete previously started high-profile disputes and to defend its interests in the future.

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