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Forex Medium-Term Outlook(Jan, 2019)
Forex Medium-Term Outlook 26 December 2018 Mizuho Bank, Ltd. Forex Department 【Contents】 Overview of Outlook ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・P. 2 USD/JPY Outlook –Time for a Change in the Premise 2019 – Vital Points for Global Economy; The Year in Which the True Price of Rate Hikes Emerges ・・・・ ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ ・ P. 3 2019 – Vital Points for Forex Rates; Time for a Change in the Premise・・・・・・・・・・・P. 5 U.S. Monetary Policies Now and Going Forward – The First Step into a New Phase・・・・・P. 6 Overview of Tail Risks – Potentials for the Unexpected in Japan, the United States, and Europe・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ P. 1 0 EUR Outlook – ‒ “Increasing Caution” and “Continuing Confidence” ECB Monetary Policies Now and Going Forward – APP Termination and Outlook Regarding Reinvestment・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・P. 1 4 Uncertain future Reflected in French “Yellow Vests” Riots – Issues the EU Should Worry About・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・P. 1 5 Ongoing Shift to a “Post-Merkel” Germany and EU – The EUR 3.0 Era・・・・・・・・・・P. 1 7 Medium-Term Forex Outlook 1 Mizuho Bank Ltd. Overview of Outlook USD/JPY clearly fell in December. In line with the concerns I have consistently expressed in this report, the prices of risky assets have been forced to undergo a correction in response to the increase in U.S. interest rates. The Fed had until recently remained indifferent to this asset price volatility, but it may finally no longer be able to ignore the fluctuations. This is evidenced by the fact that Committee members were forced in December to downgrade their dot plot projections for the entire forecasting period. Market predictions, however, are even more pessimistic than those suggested by the revised dot plot, with some even predicting the end of rate hikes altogether. -
Bhasha Bhavana (Institute of Language and Literature)
OBJECTIVES AND OUTCOMES Bhasha Bhavana (Institute of Language and Literature) Department of Assamese Course Code 152 CERTIFICATE OF PROFICIENCY EXAMINATION IN ASSAMESE LANGUAGE CERTIFICATE OF PROFICIENCY- A TWO YEAR COURSE Programme objectives: Language departments of Bhasha-Bhavana offer 2 years Certificate Course for non-native speakers of that particular language. The primary objective of this course is to introduce various literature and culture of different communities and states via languages. Course Objectives: The Certificate Course in Assamese has been designed to make non-Assamese learners adept in reading, understanding, speaking and writing. To make the learners skilled in Assamese the basic grammar and prose- poetry has been introduced in two papers- (i) grammar and (ii) texts. The third paper is based on oral skill or language speaking practice. Programme Specific Objectives: The Certificate Course in Assamese is a course for non-native speakers and has been planned to make the learners attracted for learning, reading, understanding, writing and speaking Assamese and translating from Assamese to their respective mother languages. M.A. in comparative literature Course Objectives: To introduce Assamese language, literature & culture, its structure, genres, characteristics to the Comparative Literature MA students, who are non-native speakers of Assamese is the objective of this course. Programme Specific Objectives: To make the students skilled in understanding, reading, writing, speaking and also translating from Assamese is intended after completion of this course. The course has four papers in each semester and each paper has four section or groups of contents including 20% marks for internal assessment. The First Paper is of Introduction to the history of Assamese language and languages of Assam, Structure of Assamese, Writing and Reading Assamese and Spoken Assamese. -
Yellow Vests, Carbon Tax Aversion, and Biased Beliefs
YELLOW VESTS,CARBON TAX AVERSION, AND BIASED BELIEFS* Thomas Douenne and Adrien Fabre† Abstract This paper seeks to understand how beliefs endogenously form and determine attitudes towards policies. Using a new survey and National households’ survey data, we investigate the case of car- bon taxation in France in the context of the Yellow Vests movement that started against it. We find that French people would largely reject a Tax & Dividend policy, i.e. a carbon tax whose revenues are redistributed uniformly to all households. However, they also overestimate the negative impact of the scheme on their purchasing power, wrongly think it is regressive, and do not perceive it as environmentally effective. Using information about the scheme as instrument to identify robust causal effects, our econometric analysis shows that correcting these three biases would suffice to generate majority approval. Yet, we find that people’s beliefs are persistent and their revisions biased towards pessimism so that only a small minority can be convinced. Indeed, if overly pes- simistic beliefs cause tax rejection, they also result from it through motivated reasoning, which manifests what we define as “tax aversion”. JEL classification: D72; D91; H23; H31; Q58 Keywords: Climate Policy; Carbon tax; Bias; Beliefs; Preferences; Tax aversion *Acknowledgments: We are grateful to Mouez Fodha, Fanny Henriet and Katheline Schubert for their comments and their help to get funding. We also thank Béatrice Boulu-Reshef, Stefano Carattini, Nicolas Jacquemet, Mathias Lé, Linus Mattauch, Joseph Stiglitz, Thierry Verdier, seminar participants at the Paris School of Economics and an anonymous referee of the FAERE Working Paper series. -
Uhm Phd 9519439 R.Pdf
INFORMATION TO USERS This manuscript has been reproduced from the microfilm master. UMI films the text directly from the original or copy submitted. Thus, some thesis and dissertation copies are in typewriter face, while others may be from any type of computer printer. The quality of this reproduction is dependent upon the quality or the copy submitted. Broken or indistinct print, colored or poor quality illustrations and photographs, print bleedthrough, substandard margins, and improper alignment can adversely affect reproduction. In the unlikely. event that the author did not send UMI a complete manuscript and there are missing pages, these will be noted Also, if unauthorized copyright material had to be removed, a note will indicate the deletion. Oversize materials (e.g., maps, drawings, charts) are reproduced by sectioning the original, beginning at the upper left-hand comer and continuing from left to right in equal sections with small overlaps. Each original is also photographed in one exposure and is included in reduced form at the back of the book. Photographs included in the original manuscript have been reproduced xerographically in this copy. Higher quality 6" x 9" black and white photographic prints are available for any photographs or illustrations appearing in this copy for an additional charge. Contact UMI directly to order. UMI A Bell & Howell Information Company 300 North Zeeb Road. Ann Arbor. MI48106·1346 USA 313!761-47oo 800:521-0600 Order Number 9519439 Discourses ofcultural identity in divided Bengal Dhar, Subrata Shankar, Ph.D. University of Hawaii, 1994 U·M·I 300N. ZeebRd. AnnArbor,MI48106 DISCOURSES OF CULTURAL IDENTITY IN DIVIDED BENGAL A DISSERTATION SUBMITTED TO THE GRADUATE DIVISION OF THE UNIVERSITY OF HAWAII IN PARTIAL FULFILLMENT OF THE REQUIREMENTS FOR THE DEGREE OF DOCTOR OF PHILOSOPHY IN POLITICAL SCIENCE DECEMBER 1994 By Subrata S. -
Leto Imenovalnik Rodilnik Dajalnik 1988 Nelson Rolihlahla Mandela
Leto Imenovalnik Rodilnik Dajalnik Nelson Rolihlahla Mandela Nelsona Rolihlahle Mandele Nelsonu Rolihlahli Mandeli 1988 Anatolij Marčenko Anatolija Marčenka Anatoliju Marčenku 1989 Aleksander Dubček Aleksandra Dubčka Aleksandru Dubčku 1990 Aung San Su Či Aung San Su Či Aung San Su Či 1991 Adem Demaçi Adema Demaçija Ademu Demaçiju (gibanje) Matere z Majskega Mater z Majskega trga (gibanja Materi z Majskega trga (gibanju 1992 trga (Madres de Plaza de Madres de Plaza de Mayo) Madres de Plaza de Mayo) Mayo) 1993 Oslobođenje Oslobođenja Oslobođenju 1994 Taslima Nasrin (ž) Taslime Nasrin Taslimi Nasrin 1995 Lejla Zana (ž) Lejle Zana Lejli Zana 1996 Wei Jingsheng (m) Wei Jingshenga Wei Jingshengu 1997 Salima Ghezali (ž) Salime Ghezali Salimi Ghezali 1998 Ibrahim Rugova Ibrahima Rugove Ibrahimu Rugovi 1999 Xanana Gusmão (m) Xanane Gusmãa Xanani Gusmãu 2000 (gibanje) ¡BASTA YA! gibanja Basta Ya gibanju Basta Ya Izat Ghazavi (m) Izata Ghazavija Izatu Ghazaviju 2001 Nurit Peled-Elhanan (ž) Nurit Peled-Elhanan Nurit Peled-Elhanan dom Zacarias Kamwenho (m) dom Zacariasa Kamwenha dom Zacariasu Kamwenhu Oswalda Joséja Payája 2002 Oswaldo José Payá Sardiñas Oswaldu Joséju Payáju Sardiñasu Sardiñasa generalni sekretar Združenih 2003 narodov Kofi Anan in celotno Kofija Anana Kofiju Ananu osebje Združenih narodov Belorusko združenje 2004 Žane Litvine Žani Litvini novinarjev (Žana Litvina) (gibanje) Dame v belem Dam v belem Damam v belem (Damas de Blanco) 2005 (gibanja Damas de Blanco) (gibanju Damas de Blanco) Hauva Ibrahim (ž) Hauve Ibrahim Hauvi Ibrahim -
Adhering to Our Views: Brennan and Marshall and the Relentless Dissent to Death As a Punishment
Florida State University Law Review Volume 22 Issue 3 Article 1 1995 Adhering to Our Views: Brennan and Marshall and the Relentless Dissent to Death as a Punishment Michael Mello [email protected] Follow this and additional works at: https://ir.law.fsu.edu/lr Part of the Law Commons Recommended Citation Michael Mello, Adhering to Our Views: Brennan and Marshall and the Relentless Dissent to Death as a Punishment, 22 Fla. St. U. L. Rev. 591 (1995) . https://ir.law.fsu.edu/lr/vol22/iss3/1 This Article is brought to you for free and open access by Scholarship Repository. It has been accepted for inclusion in Florida State University Law Review by an authorized editor of Scholarship Repository. For more information, please contact [email protected]. FLORIDA STATE UNIVERSITY LAW REVIEW ADHERING TO OUR VIEWS: BRENNAN AND MARSHALL AND THE RELENTLESS DISSENT TO DEATH AS A PUNISHMENT Michael Mello VOLUME 22 WINTER 1995 NUMBER 3 Recommended citation: Michael Mello, Adhering to Our Views: Brennan and Marshall and the Relentless Dissent to Death as a Punishment, 22 FLA. ST. U. L. REV. 591 (1995). ADHERING TO OUR VIEWS: JUSTICES BRENNAN AND MARSHALL AND THE RELENTLESS DISSENT TO DEATH AS A PUNISHMENT MICHAEL MELLO* I. INTRODUCTION ..................................................... 592 A. Capital Punishmentand the Modern Court: An Overview ..................................................... 593 B. The Evolving Law of Death: "The Supreme Court's Obstacle Course" .............................. 598 II. LEGITIMACY IN HISTORY ......................................... 606 A. The Supreme Court: "Nine Scorpions in a Bottle" .................... .................................. 606 B. Early History of Dissent ................................. 607 1. Seriatim Opinions..................................... 607 2. Early "Opinions of the Court"--andEarly Dissents ................................................ -
Recent Cases
Vanderbilt Law Review Volume 23 Issue 4 Issue 4 - May 1970 Article 7 5-1970 Recent Cases Law Review Staff Follow this and additional works at: https://scholarship.law.vanderbilt.edu/vlr Part of the Administrative Law Commons, Constitutional Law Commons, and the Intellectual Property Law Commons Recommended Citation Law Review Staff, Recent Cases, 23 Vanderbilt Law Review 809 (1970) Available at: https://scholarship.law.vanderbilt.edu/vlr/vol23/iss4/7 This Note is brought to you for free and open access by Scholarship@Vanderbilt Law. It has been accepted for inclusion in Vanderbilt Law Review by an authorized editor of Scholarship@Vanderbilt Law. For more information, please contact [email protected]. RECENT CASES Accountants-Auditors-Compliance with General Accounting Principles Not a Complete Defense To Criminal Fraud Defendants' are members of a certified public accounting firm which was retained annually by Continental Vending Corporation (Continental) to audit its financial statements. While conducting a yearly audit, defendants learned that an affiliated company, Valley Commercial Corporation (Valley),2 was not in a position to repay its debt 3 to Continental. .The president of Valley, however, offered to secure the debt personally. Defendants determined that if adequate collateral' was posted, Continental's statements could be certified without reviewing Valley's books.5 The collateral was obtained,, its value was confirmed,7 and the receivable was entered on the balance sheet8 subject to an explanation in a footnote.' The statements were 1. Defendants are a senior partner, a junior partner, and a senior associate in the national accounting firm of Lybrand, Ross Bros. -
Ron Reagan Does Not Consider Himself an Activist
Photoshop # White Escaping from my Top winners named ‘Nothing Fails father’s Westboro in People of Color Like Prayer’ contest Baptist Church student essay contest winners announced PAGES 10-11 PAGE 12-16 PAGE 18 Vol. 37 No. 9 Published by the Freedom From Religion Foundation, Inc. November 2020 Supreme Court now taken over by Christian Nationalists President Trump’s newly confirmed Supreme Court Justice Amy Coney Barrett is going to be a disaster for the constitutional prin- ciple of separation between state and church and will complete the Christian Nationalist takeover of the high court for more than a generation, the Freedom From Religion Foundation asserts. Barrett’s biography and writings reveal a startling, life-long allegiance to religion over the law. The 48-year-old Roman Catholic at- tended a Catholic high school and a Presby- terian-affiliated college and then graduated from Notre Dame Law School, where she Photo by David Ryder taught for 15 years. She clerked for archcon- Amy Coney Barrett Despite his many public statements on atheism, Ron Reagan does not consider himself an activist. servative Justice Antonin Scalia, and signifi- cantly, like the late justice, is considered an “originalist” or “textual- ist” who insists on applying what is claimed to be the “original intent” of the framers. She and her parents have belonged to a fringe con- servative Christian group, People of Praise, which teaches that hus- Ron Reagan — A leading bands are the heads of household. Barrett’s nomination hearing for a judgeship on the 7th U.S. Circuit Court of Appeals, where she has served for less than three years, documented her many controversial figure of nonbelievers and disturbing positions on religion vis-à-vis the law. -
FFMSR-6 Guaranteed Loan System Requirements
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Reagan's Victory
Reagan’s ictory How HeV Built His Winning Coalition By Robert G. Morrison Foreword by William J. Bennett Reagan’s Victory: How He Built His Winning Coalition By Robert G. Morrison 1 FOREWORD By William J. Bennett Ronald Reagan always called me on my birthday. Even after he had left the White House, he continued to call me on my birthday. He called all his Cabinet members and close asso- ciates on their birthdays. I’ve never known another man in public life who did that. I could tell that Alzheimer’s had laid its firm grip on his mind when those calls stopped coming. The President would have agreed with the sign borne by hundreds of pro-life marchers each January 22nd: “Doesn’t Everyone Deserve a Birth Day?” Reagan’s pro-life convic- tions were an integral part of who he was. All of us who served him knew that. Many of my colleagues in the Reagan administration were pro-choice. Reagan never treat- ed any of his team with less than full respect and full loyalty for that. But as for the Reagan administration, it was a pro-life administration. I was the second choice of Reagan’s to head the National Endowment for the Humanities (NEH). It was my first appointment in a Republican administration. I was a Democrat. Reagan had chosen me after a well-known Southern historian and literary critic hurt his candidacy by criticizing Abraham Lincoln. My appointment became controversial within the Reagan ranks because the Gipper was highly popular in the South, where residual animosities toward Lincoln could still be found. -
Talking to the Muslim World: How, and with Whom?
Talking to the Muslim world: how, and with whom? AMITAI ETZIONI* One challenge, wrapped in a bigger one The struggle against terrorism in the Middle East has led to a quest to find ways to counter the normative appeal1 of violent extremists, especially the Islamic State in Iraq and Syria (ISIS). There is widespread recognition that ISIS has a very effective normative position, as indicated by the facts that it strongly motivates its rank and file; has persuaded many thousands of young Muslims from around the world to join its ranks; and has considerable appeal in parts of the Muslim world. Several analyses of ISIS’s normative appeal focus on its ability to exploit social media; however, much of its appeal derives not from the tools and platforms it leverages but from the underlying message that it broad- casts. Boaz Ganor, the executive director of the International Policy Institute for Counter-Terrorism, writes: ‘IS [ISIS] captivates these young people, not only by virally disseminating its messages of victory and barbarism, but also, and perhaps mainly, by inviting them to join an alternative conceptual system.’2 Psychologist John Horgan finds that ISIS recruits typically feel ‘a very, very strong moral pull ... [a] passionate need to right some perceived wrong, to address some sort of injustice, to restore honor to those from whom it’s been taken’.3 Although the vast majority of the Muslim world opposes ISIS, there are significant minori- ties in several very disparate countries that seem to support the organization. A Pew Global Attitudes Survey in spring 2015 found that 20 per cent of Nigerian Muslims and 12 per cent of Malaysian Muslims had ‘favorable’ opinions of ISIS, with corresponding proportions for Pakistan and Senegal standing at 9 per cent and 11 per cent respectively.4 Although small minorities, these percentages repre- * I am indebted to David Kroeker-Maus for extensive research assistance on this article. -
Fairness and Redistribution
Fairness and Redistribution By ALBERTO ALESINA AND GEORGE-MARIOS ANGELETOS* Different beliefs about the fairness of social competition and what determines income inequality influence the redistributive policy chosen in a society. But the composition of income in equilibrium depends on tax policies. We show how the interaction between social beliefs and welfare policies may lead to multiple equi- libria or multiple steady states. If a society believes that individual effort determines income, and that all have a right to enjoy the fruits of their effort, it will choose low redistribution and low taxes. In equilibrium, effort will be high and the role of luck will be limited, in which case market outcomes will be relatively fair and social beliefs will be self-fulfilled. If, instead, a society believes that luck, birth, connec- tions, and/or corruption determine wealth, it will levy high taxes, thus distorting allocations and making these beliefs self-sustained as well. These insights may help explain the cross-country variation in perceptions about income inequality and choices of redistributive policies. (JEL D31, E62, H2, P16) Pre-tax inequality is higher in the United support the poor; an important dimension of States than in continental West European coun- redistribution is legislation, and in particular the tries (“Europe” hereafter). For example, the regulation of labor and product markets, which Gini coefficient in the pre-tax income distribu- are much more intrusive in Europe than in the tion in the United States is 38.5, while in Europe United States.1 it is 29.1. Nevertheless, redistributive policies The coexistence of high pre-tax inequality are more extensive in Europe, where the income and low redistribution is prima facia inconsis- tax structure is more progressive and the overall tent with both the Meltzer-Richard paradigm of size of government is about 50 percent larger redistribution and the Mirrlees paradigm of so- (that is, about 30 versus 45 percent of GDP).