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Time Magazine in 2009 described Bernanke as a visionary who “conjured up trillions of new dollars and blasted them into the economy; engineered massive public rescues of failing private companies; ratcheted down interest rates to zero. He didnt just reshape U.S. monetary policy; he led an effort to save the world economy” (Edroso, 2009).
Trichet is known as the “Euro fighter” who defended the low inflation on the euro (Stock Market Today, 2011). The Stock Market Today states that “Trichet’s every move affects the euro zone countries” (2011).
On the other hand, Shirakawa has a vital role in influencing Japan’s future economic prospects. He is also known for devising an unconventional monetary policy which was later on adopted in modified forms by the US and UK (Chung, 2011).
During the recession of 2008 to 2009, banks of the world lowered their interest rates. This move was done to make borrowing cheaper and encourage businesses and consumers to borrow to spur or increase economic activity. More goods will be produced by businesses and bought by consumers. If there is a demand to produce more, then it will also create jobs which will positively affect the economy and eventually rise out of the recession.
One of the reforms adopted by the Fed to improve the U.S. monetary policy is the quantitative easing whereby the government injects billions of dollars of fresh cash in the economy to pump up economic growth (Sanati, 2011). However, this policy is not proven effective as pointed out by Sanati since the economy is still not performing well as shown by the negative economic indicators, including a very low job growth (2011). Bernanke though is still convinced that quantitative easing would help the economy to recover. One is of the opinion that Bernanke is right in instituting this policy because it will result in banks having access to cheap cash which they can lend out to
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There is no denial that all organizations are set up based on specific goals, aims and missions. Most often than not, organizations are set up to either become profit yielding or to improve the lives of people in the community. There are therefore two broad types of organizations, which are profit making organizations and non-profit making organizations.
Several questions have to be answered in order to get a limelight if NBA is capable of maintaining its image globally. One may ask if it has the resources and capabilities in the 2010-2011 seasons. If it has the capabilities and resources; are they hindered by desire for global success?
According to the case study, John Barker owns the double-glazing business “Hole in the Wall” and built it completely on the basis of his own skills and capability. He also employed a small group of people and provided his services on a small scale.
he practitioners and the scholars studying the environments of organizations, define corporate culture as the practices and the culture that different organizations develop around their handling of human resources (Schein, 2004, pp. 45). In the same line of thought, Watson
It is based on corporate sales and a country’s GDP. As the era of globalizations is fast gaining momentum, people who are marginalized are getting more irritated by the intentions of big corporations. It has led to the resistance and protests against globalization
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