Nathan Johnston Dr. Dwight Teeter JEM 400 April 25‚ 2012 Ethics and Reporting During the Constitutional Convention of the newly succeed and forming United States of America‚ many concerns were raised about preventing future restriction and impediment of rights similar to what the citizens’ of the British Crown had experience prior to the Revolutionary War. One of these main concerns stemmed from a lack of a free press‚ and the inability to look into various parts of society (especially the
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the federal is by far the less complicated. According to Article III of the Constitution‚ "The judicial Power of the United States‚ shall be vested in one supreme Court‚ and in such inferior Courts as the Congress may from time to time ordain and establish." In accordance with this directive‚ the federal judiciary is divided into three main levels. At the bottom are the federal district courts‚ which have original jurisdiction in most cases of federal law. Made up of 92 districts‚ the federal district
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5. Federal Funds Federal Funds represent the asset to lending bank and liability to borrowing bank. The loan in Federal funds is short-term loan. Usually‚ the loans are for one to seven days. These funds help the bank to correct short-tem fund imbalances. Federal funds rate is interest rate charged in the federal funds. It is same for all banks borrowing in federal funds market. Federal funds market more active on Wednesday because that is final day of each particular
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The role of state and local governments has provided a vital role in defining federal relations. The relationship has been defined by a few factors: Congress‚ the Supreme Court or other courts‚ and funding policies The courts must address questions concerning the powers of the state and federal government. Early Supreme Court decisions mirrored the views of Chief Justice John Marshall‚ who favored a strong national government. In defining commerce in the Gibbons v. Ogden case‚ he argued that Congress
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State vs. Federal Rights State vs. Federal Rights PS1350 Implied powers are powers not given to the government directly through the constitution‚ but are implied. These powers fall under the Elastic Clause in Section 8 of Article 1 of the U.S. Constitution. This document lets the government create “necessary and proper” programs/laws and retain them‚ such as creating the Air Force. The Air Force is an implied power because the constitution did not give the power of the Air Force
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What is the economic rationale for government-backed deposit insurance? Case Study: The Federal Deposit Insurance Corporation (FDIC) The most important government agency is The Federal Deposit Insurance Corporation‚ whereby each depositor is insured to at least $250‚000 per insured bank in the case that a financial intermediary should fail. This protects people’s deposits so that they do not face a great financial loss. * When a bank fails it means they are unable to meet their obligations
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The Federal Register Act of 1935 created the current Federal Register system of publication. The Federal Register is the official journal of the federal government of the government of the United States that contain the most routine publication and public notices of government agencies. The Federal Register is a way for the government to let the people know what’s happening‚ and it also serves as an official journal of record for the approved acts of the U.S. Government. The notice and comment
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of powers between the three branches of the federal government. Publius argues the necessity of a separation of powers in the new government in order to provide the necessary stability and energy while protecting the republican
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in the US. Furthermore the rates vary between countries and a little homework needs to be done before investing in this venue. 10-Abigail is a widow who is age 80 and blind and is claimed as dependant by her grandson. * Yes Abigail can file a federal income tax return depending on her income. * When filing her own return‚ Abigail’s standard deduction will be limited to the greater of $950 (2012) or the sum of her earned income plus $300. However if this exceeds the standard deduction she will
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The Federal Reserve System‚ though it has many different functions was established to serve the public’s interest. The Federal Reserve has three vital sectors that help in its day to day function: the Board of Governors‚ the Reserve Banks‚ and the Federal Open Market Committee (FOMC). “The Master said: “Learning without thinking is useless. Thinking without learning is dangerous”’ (Confucius The Analects pg. 7). The Board of Governors is ran by seven member or “governors” that oversees the all operations
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