Well before this century people have been in conflict over how much regulation the government should be allowed to impose. In the 18th century‚ Jean-Baptiste Colbert coined the term laissez-faire; it represents a situation of freedom from government intervention. It was later discussed extensively by Adam Smith‚ who was responsible for giving the motto laissez-faire much more conceptual clarity. Throughout the years‚ each president has differed with respect to how much control the government should
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Act (OBRA) of 1987; established regulations for nursing homes receiving federal funding that includes reimbursements from Medicare or Medicaid programs. It was signed by President Ronald Reagan‚ and it was the first major revision to the federal standards for nursing home care since the creation of both Medicare and Medicaid in 1965. This legislation changed the legal expectations of nursing homes and their care. If nursing homes do not comply with these regulations they cannot receive federal reimbursement
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Lecture 11: Handout The Regulation of Banks Date: 28 April 2004 Module: International Banking Why Regulate Banks? Banks are intermediaries between money suppliers and those who need money. Commercial banks are most heavily regulated financial institutions. Five main reasons for regulation: I. The first is to ensure the safety and soundness of banks. The purpose is to maintain I) domestic and II) international confidence‚ III) protect depositors and ultimately taxpayers
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Bank Supervision and Regulation In order for the United States economy to be successful‚ there has to be some kind of regulations in place. If there is a stable and sound financial system in place‚ that will increase the effectiveness of the economy and also increase the effectiveness of monetary policy. The institution that is in charge of supervising and regulating financial institutions is the Federal Reserve. Bank supervision includes things such as monitoring and examining the condition
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Accounting Regulation With the recent accounting discrepancies that have taken place in some of America’s largest and well known corporations greater importance is being placed on the creation and monitoring of financial reports. Some of these organizations which regulate how financial reports and compiled are private‚ given a charter by a federal agency‚ others were born from the creation of new laws and regulations‚ some are state agencies‚ and many more are private organizations made up of academics
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“There Will Be Blood” Let me begin by saying that the movie‚ “There Will Be Blood‚” was completely different than I had originally thought it would be. I knew very little about the storyline of the movie and had very little background information. I guess all I really presumed what that ‘there would be blood;’ which did not happen much either. Almost immediately after beginning the film‚ I was less than amused by the look of it. The plot begins in a desolate field; no people‚ just music. I had
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What do Egypt‚ India‚ China‚ and the United States have in common? They all are subject to some variation of internet regulation from their governments. Internet regulation has become a global issue as many people are questioning what authorities and personal freedoms that infringes on‚ and on the opposing end many people are for this sort of government “protection”. Here is the United States we are accustomed to being able to look up what we want when we want‚ and have a whole lot of freedom
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Advertising Regulation Abstract This paper argues for regulation of advertising. It focuses on deceptive‚ unfair‚ and misleading advertisements. It rejects the argument that self-regulation or social regulation is sufficient. The paper points out that in fields of health related products and advertising to children there is need for strong government regulation. The laws and regulations that stipulate the ways in which products can be advertised in a country are referred to as Advertising
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The Policy Goals of Regulation It is commonly understood that financial regulation should be designed to achieve certain key policy goals‚ including: (a)safety and soundness of financial institutions‚(b) mitigation of systemic risk‚ (c) fairness and efficiency of markets‚ and (d) the protection of customers and investors. These broad goals‚ while clearly important‚ do not take into account an additional factor that has come to be regarded as critical in any well-functioning regulatory system; namely
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government regulations‚ how those regulations affect current market structures while defining the different types of market structures and finally what provisions and laws have been put in place to protect consumers and society from big business and firms choices. Industrial regulation is the government’s attempt to enact laws designed to prevent firms from participating in bad monopolistic practices and to promote competition in the market space. The reason industrial regulation exists is to
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