known for the Okapi Wildlife reserve. The reserve is found within the Congo River basin‚ which is considered Africa’s main drainage system. Encompassing nearly one-fifth of the Ituri Rainforest‚ the Okapi Wildlife Reserve contains many endangered mammals and birds. Included in the endangered animals is the elusive okapi. Out of 30‚000 okapi still in existence‚ the reserve is a haven for roughly 5‚000 of them (Woods Hole Research Center‚ 2009). The okapi share the reserve with several species of primates
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President send out a plan on about what the government will be spending. This plan has to be sent out at least by the the first Monday in February. The budget covers a period known as a fiscal year and starts on October 1st and ends on September 30th of the next year. The budget that the president send out is for two types of spending. Mandatory spending is fixed and covers things such as social security. Discretionary spending is the spending choices that are made and approved of each year. Once the
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FRACTIONAL RESERVE BANKING Fractional reserve banking is a system under which bankers keep as reserves only a fraction of the funds they hold on deposit. This system has three features: • Bank Profitability By getting deposits at zero interest and lending some of them out at positive interest rates‚ goldsmiths made profits. The history of banking as a profitmaking industry was begun and has continued to this date. Banks‚ like other enterprises‚ are in business to earn profits. • Bank Discretion
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The debate on the privatization of Social Security is a controversial one with advocates for both sides. When Franklin Roosevelt signed off on a bill on August 14‚ 1935‚ known as the Social Security Act‚ a social insurance system was created where workers’ would allocate a small portion of their earned wages to enable financial protection for when they retire (See Figure 1) (Privatizing Social Security). It specifically states that its purpose was "to provide for the general welfare by establishing
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Federal Reserve Paper Corrin Watson ECO/212 July 3‚ 2010 Mohamed BenSenia Federal Reserve Paper Money is controlled by the central bank‚ and they determine the value of the US dollar. Money is defined as the assets that people are generally willing to accept in the exchange of goods and services or for payment of debts (Hubbard & O ’Brien‚ 2010). The nation’s central bank is called the Federal Reserve Bank‚ and different tools are used to control and manage the monetary policy. For this
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Federal Reserve Paper Felice Valdez ECO/372 September 29‚ 2014 Godwin Quashigah Federal Reserve Paper The Federal Reserve System is also known as the central banking system of the United States. The Federal Reserve System is run by the Board of Governors‚ and is composed of 12 regional banks. The Federal Reserve Bank is independent of political pressure decisions that a government influenced by political pressures cannot make. Adjusting the Discount Rate and Effects on the Interest Rates The discount
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RESERVE FOR REPLACEMENT GUIDELINES REGION VIII - DENVER JANUARY 2009 Throughout the history of the Department of Housing & Urban Development (HUD) Assisted Housing‚ the housing industry has complained with some validity‚ that HUD has not been consistent in its treatment of Reserve for Replacement requests. This will always be somewhat of a problem because of the many different programs‚ managers‚ owners‚ properties‚ and Project Managers (PM’s) involved. Each situation is unique and some
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HISTROY OF SESSI In Pakistan‚ Social Security Scheme was launched on 1st March‚ 1967‚ under West Pakistan Employees ’ Social Security Ordinance No. X of 1965‚ with the assistance of the International Labour Organization. The Sindh Employees ’ Social Security Institution (SESSI)‚ however‚ came into being on 1st July‚ 1970 when the Scheme was reorganized on provincial basis after the dissolution of One-Unit. Initially‚ the Scheme was designed for coverage of textile industry workers of Karachi and
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The Social Security Act of 1935‚ enacted during President Franklin D. Roosevelt‚ has become a third rail in today’s American society. By third rail‚ various scholars explain that if a politician these days were to try to alter or change the structure of the law dramatically‚ then they could essentially destroy their political career. One must understand how the United States gained this transformative law through our country’s history‚ both the official and non official actors involved in enacting
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# 103 People should be treated indifferently regardless of their wealth and social standings. Yet‚ in reality‚ societies have experienced economical inequalities due to pay scales‚ tax brackets‚ and education level. A research study on 23 developed countries and 50 states of the US has shown that countries with higher degree of inequality tend to have higher rates of health‚ social problems and lower rates of social welfare. To resolve such inequality‚ the U.S government has consistently intervened
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