The New World Order
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Why Should We Worry About the National Debt: MITCH DANIELS Questions and Answers LEON PANETTA TIM PENNY April 16, 2019
CHAIRMEN Why Should We Worry About the National Debt: MITCH DANIELS Questions and Answers LEON PANETTA TIM PENNY April 16, 2019 “Why Should We Worry About the National Debt?” describes six important ways PRESIDENT MAYA MACGUINEAS that the growing national debt will affect the budget and the economy. Below, we answer specific questions frequently raised about the topic. DIRECTORS Isn’t debt sustainable when the economy grows faster than interest rates? BARRY ANDERSON Despite the fact economic growth rate is higher than government interest rates (r<g), ERSKINE BOWLES CHARLES BOWSHER debt remains on an unsustainable trajectory in the United States. Economist Olivier KENT CONRAD Blanchard and others have pointed out that governments can shrink their debt-to- DAN CRIPPEN GDP ratio while still borrowing to finance their interest payments when r<g. VIC FAZIO However, this only leads to a sustainable outcome if a government is running a WILLIS GRADISON primary balance (revenue equals non-interest spending) or a sufficiently modest JANE HARMAN WILLIAM HOAGLAND primary deficit. The United States today is running a large and growing primary JIM JONES deficit. As a result, both debt and interest payments will continue to rise faster than LOU KERR the economy despite low interest rates. There is also no guarantee that the economic JIM KOLBE growth rate will remain higher than interest rates, particularly as rising debt puts CYNTHIA LUMMIS MARJORIE MARGOLIES downward pressure on growth and upward pressure on rates. DAVE MCCURDY JAMES MCINTYRE, JR. Do low interest rates mean deficits don’t “crowd out” investment? DAVID MINGE Evidence suggests that today’s low interest rates are in spite of, not because of, high JUNE O’NEILL deficits and debt – and that deficits continue to “crowd out” investment. -
The Defense Program and the Economy Hearings
THE DEFENSE PROGRAM AND THE ECONOMY HEARINGS BEFORE THE SUBCOMMITTEE ON ECONOMIC GOALS AND INTERGOVERNMENTAL POLICY OF THE JOINT ECONOMIC COMMITTEE CONGRESS OF THE UNITED STATES NINETY-SEVENTH CONGRESS FIRST AND SECOND SESSIONS PART 1 OCTOBER 7, 13, 22, AND 29, 1981, AND DECEMBER 15, 1982 Printed for the use of the Joint Economic Committee U.S. GOVERNMENT PRINTING OFFICE 9-760 WASHINGTON:.1983 JOINT ECONOMIC COMMITTEE (Created pursuant to see. 5(a) of Public law 304, 79th Cong.) HOUSE OF REPRESENTATIVES SENATE HENRY S. REUSS, Wisconsin, Chairman ROGER W. JEPSEN, Iowa, Vice Chairman RICHARD BOLLING, Missouri WILLIAM V. ROTH, Ja., Delaware LEE H. HAMILTON, Indiana JAMES ABDNOR, South Dakota. GILLIS W. LONG, Louisiana STEVEN D. SYMMS, Idaho PARREN J. MITCHELL, Maryland PAULA HAWKINS, Florida FREDERICK W. RICHMOND, New York' MACK MATTINGLY, Georgia CLARENCE J. BROWN, Ohio LLOYD BENTSEN, Texas MARGARET M. HECKLER, Massachusetts WILLIAM PROXMIRE, Wisconsin JOHN H. ROUSSELOT, California EDWARD M. KENNEDY, Massachusetts CHALMERS P. WYLIE, Ohio PAUL S. SARBANES, Maryland JAMES K. GALBRAITH, Executive Director BRucE R. BARTLETT, Deputy Director SUBCOMMITTEE ON ECONOMIC GOALS AND INTERGOVEBNMENTAL PoLIor HOUSE OF REPRESENTATIVES SENATE LEE H. HAMILTON, Indiana, Chairman LLOYD BENTSEN, Texas, Vice Chairman RICHARD BOLLING, Missouri PAULA HAWKINS, Florida STEVEN D. SYMMS, Idaho MACK MATTINGLY, Georgia 1 Representative Richmond resigned from the U.S. House of Representatives on Aug. 25, 1982, and Representative Augustus F. Hawkins, of California, was subsequently appointed to the committee on Sept. 23, 1982. CONTENTS WITNESSES AND STATEMENTS WEDNESDAY, OCTOBEB 7, 1981 Reuss, Hon. Henry S., chairman of the Joint Economic Committee: Open- Page ing statement ------------------------------------------------- 1 Weidenbaum, Hon. -
Proquest Dissertations
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 of 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 loe 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* Bell & Howell Information and Learning 300 North Zeeb Road, Ann Arbor, Ml 48106-1346 USA 800-521-0600 WASHINGTON IRVING CHAMBERS: INNOVATION, PROFESSIONALIZATION, AND THE NEW NAVY, 1872-1919 DISSERTATION Presented in Partial Fulfillment of the Requirements for the Degree Doctorof Philosophy in the Graduate School of The Ohio State University By Stephen Kenneth Stein, B.A., M.A. -
Inscribed 6 (2).Pdf
Inscribed6 CONTENTS 1 1. AVIATION 33 2. MILITARY 59 3. NAVAL 67 4. ROYALTY, POLITICIANS, AND OTHER PUBLIC FIGURES 180 5. SCIENCE AND TECHNOLOGY 195 6. HIGH LATITUDES, INCLUDING THE POLES 206 7. MOUNTAINEERING 211 8. SPACE EXPLORATION 214 9. GENERAL TRAVEL SECTION 1. AVIATION including books from the libraries of Douglas Bader and “Laddie” Lucas. 1. [AITKEN (Group Captain Sir Max)]. LARIOS (Captain José, Duke of Lerma). Combat over Spain. Memoirs of a Nationalist Fighter Pilot 1936–1939. Portrait frontispiece, illustrations. First edition. 8vo., cloth, pictorial dust jacket. London, Neville Spearman. nd (1966). £80 A presentation copy, inscribed on the half title page ‘To Group Captain Sir Max AitkenDFC. DSO. Let us pray that the high ideals we fought for, with such fervent enthusiasm and sacrifice, may never be allowed to perish or be forgotten. With my warmest regards. Pepito Lerma. May 1968’. From the dust jacket: ‘“Combat over Spain” is one of the few first-hand accounts of the Spanish Civil War, and is the only one published in England to be written from the Nationalist point of view’. Lerma was a bomber and fighter pilot for the duration of the war, flying 278 missions. Aitken, the son of Lord Beaverbrook, joined the RAFVR in 1935, and flew Blenheims and Hurricanes, shooting down 14 enemy aircraft. Dust jacket just creased at the head and tail of the spine. A formidable Vic formation – Bader, Deere, Malan. 2. [BADER (Group Captain Douglas)]. DEERE (Group Captain Alan C.) DOWDING Air Chief Marshal, Lord), foreword. Nine Lives. Portrait frontispiece, illustrations. First edition. -
Janet Yellen's Legacy at the Federal Reserve
Journal of Finance and Bank Management December 2019, Vol. 7, No. 2, pp. 82-87 ISSN: 2333-6064 (Print), 2333-6072 (Online) Copyright © The Author(s). All Rights Reserved. Published by American Research Institute for Policy Development DOI: 10.15640/jfbm.v7n2a6 URL: https://doi.org/10.15640/jfbm.v7n2a6 Janet Yellen’s Legacy at the Federal Reserve Alexander G. Kondeas1 Abstract This paper examines the empirical results of the monetary policies followed by the Federal Reserve during the period of 2010-2018, when Janet Yellen served first as vice chair (2010-2014) and subsequently as chair (2014-2018) of the Federal Reserve Board of Governors. As the Central Bank of the United States, the Federal Reserve System (FED) is entrusted with conducting the monetary policy in a way that fulfills the Congressional dual mandate of price stability and full employment. Janet Yellen generally adhered to a dovish view of monetary policy, one that favors looser monetary control and lower interest rates in order to stimulate economic growth. At first glance, the dual mandate was satisfied during her eight years of progressively higher leadership roles at the FED. The economic recovery from the Great Recession (2007- 2008) continued, inflation remained tamed, and the rate of unemployment fell to its lowest level since 1970. Yet a closer look at consumer spending and private fixed investment indicate a sharp decline in the years following the Great Recession and until the end of Yellen’s term at the FED. It is difficult therefore, to argue that the loose monetary policies of her years in office had much of a stimulating effect on the household sector or the business sector. -
The Insular Cases: the Establishment of a Regime of Political Apartheid
ARTICLES THE INSULAR CASES: THE ESTABLISHMENT OF A REGIME OF POLITICAL APARTHEID BY JUAN R. TORRUELLA* What's in a name?' TABLE OF CONTENTS 1. INTRODUCTION ............................................................................ 284 2. SETFING THE STAGE FOR THE INSULAR CASES ........................... 287 2.1. The Historical Context ......................................................... 287 2.2. The A cademic Debate ........................................................... 291 2.3. A Change of Venue: The Political Scenario......................... 296 3. THE INSULAR CASES ARE DECIDED ............................................ 300 4. THE PROGENY OF THE INSULAR CASES ...................................... 312 4.1. The FurtherApplication of the IncorporationTheory .......... 312 4.2. The Extension of the IncorporationDoctrine: Balzac v. P orto R ico ............................................................................. 317 4.2.1. The Jones Act and the Grantingof U.S. Citizenship to Puerto Ricans ........................................... 317 4.2.2. Chief Justice Taft Enters the Scene ............................. 320 * Circuit Judge, United States Court of Appeals for the First Circuit. This article is based on remarks delivered at the University of Virginia School of Law Colloquium: American Colonialism: Citizenship, Membership, and the Insular Cases (Mar. 28, 2007) (recording available at http://www.law.virginia.edu/html/ news/2007.spr/insular.htm?type=feed). I would like to recognize the assistance of my law clerks, Kimberly Blizzard, Adam Brenneman, M6nica Folch, Tom Walsh, Kimberly Sdnchez, Anne Lee, Zaid Zaid, and James Bischoff, who provided research and editorial assistance. I would also like to recognize the editorial assistance and moral support of my wife, Judith Wirt, in this endeavor. 1 "What's in a name? That which we call a rose / By any other name would smell as sweet." WILLIAM SHAKESPEARE, ROMEO AND JULIET act 2, sc. 1 (Richard Hosley ed., Yale Univ. -
Theta Tau University of Pittsburgh Petition for Chapter Status
THETA TAU UNIVERSITY OF PITTSBURGH PETITION FOR CHAPTER STATUS PITTSBURGH, PA 3/25/2012 UNIVERSITY OF PITTSBURGH COLONY OF THETA TAU CONTENTS LETTER FROM REGENT 2 MEMBER SIGNATURES 3 EXECUTIVE POSITIONS 4 FOUNDING FATHERS 5 ALPHA CLASS 9 BETA CLASS 13 GAMMA CLASS 16 DELTA RUSH CLASS 18 ALUMNI 19 HISTORY OF THE UNIVERSITY OF PITTSBURGH 20 SWANSON SCHOOL OF ENGINEERING 22 UNIVERSITY OF PITTSBURGH THETA TAU 23 PROFESSIONAL DEVELOPMENT 24 SERVICE 25 BROTHERHOOD AND SOCIAL ACTIVITIES 27 RECRUITMENT AND PLEDGING 29 LETTERS OF RECOMMENDATION 30 PETITION FOR CHAPTER STATUS Page 1 UNIVERSITY OF PITTSBURGH COLONY OF THETA TAU PETITION FOR CHAPTER STATUS Page 2 UNIVERSITY OF PITTSBURGH COLONY OF THETA TAU PETITION FOR CHAPTER STATUS Page 3 UNIVERSITY OF PITTSBURGH COLONY OF THETA TAU MEMBERS FOUNDING FATHERS 1. Bruk Berhneau Office: Treasurer Hometown: Solon, OH Major: Civil and Environmental Engineering Graduation Date: April 2013 GPA: 3.2 Campus Activities: Epsilon Sigma Alpha, EXCEL, Engineers for a Sustainable World, ASCE E-mail: [email protected] 2. Ross Brodsky Hometown: Marlton, NJ Major: Chemical Engineering; Bioengineering Minor Graduation Date: April 2012 GPA: 3.40 Campus Activities: Little Lab Researcher, Intern at UPitt Office of Technology Management, Chemistry TA, Freshman Peer Advisor & Conference Co-Chair E-mail: [email protected] 3. Erin Dansey Hometown: Parkersburg, West Virginia Major: Mechanical Engineering Graduation Date: December 2012 GPA: 3.0 Campus Activities: Co-op E-mail: [email protected] 4. Tyler Gaskill Hometown: Marlton, NJ Major: Chemical Engineering Graduation Date: December 2012 GPA: 3.70 Campus Activities: Valspar Co-Op, Research E-mail: [email protected] PETITION FOR CHAPTER STATUS Page 4 UNIVERSITY OF PITTSBURGH COLONY OF THETA TAU 5. -
Orme) Wilberforce (Albert) Raymond Blackburn (Alexander Bell
Copyrights sought (Albert) Basil (Orme) Wilberforce (Albert) Raymond Blackburn (Alexander Bell) Filson Young (Alexander) Forbes Hendry (Alexander) Frederick Whyte (Alfred Hubert) Roy Fedden (Alfred) Alistair Cooke (Alfred) Guy Garrod (Alfred) James Hawkey (Archibald) Berkeley Milne (Archibald) David Stirling (Archibald) Havergal Downes-Shaw (Arthur) Berriedale Keith (Arthur) Beverley Baxter (Arthur) Cecil Tyrrell Beck (Arthur) Clive Morrison-Bell (Arthur) Hugh (Elsdale) Molson (Arthur) Mervyn Stockwood (Arthur) Paul Boissier, Harrow Heraldry Committee & Harrow School (Arthur) Trevor Dawson (Arwyn) Lynn Ungoed-Thomas (Basil Arthur) John Peto (Basil) Kingsley Martin (Basil) Kingsley Martin (Basil) Kingsley Martin & New Statesman (Borlasse Elward) Wyndham Childs (Cecil Frederick) Nevil Macready (Cecil George) Graham Hayman (Charles Edward) Howard Vincent (Charles Henry) Collins Baker (Charles) Alexander Harris (Charles) Cyril Clarke (Charles) Edgar Wood (Charles) Edward Troup (Charles) Frederick (Howard) Gough (Charles) Michael Duff (Charles) Philip Fothergill (Charles) Philip Fothergill, Liberal National Organisation, N-E Warwickshire Liberal Association & Rt Hon Charles Albert McCurdy (Charles) Vernon (Oldfield) Bartlett (Charles) Vernon (Oldfield) Bartlett & World Review of Reviews (Claude) Nigel (Byam) Davies (Claude) Nigel (Byam) Davies (Colin) Mark Patrick (Crwfurd) Wilfrid Griffin Eady (Cyril) Berkeley Ormerod (Cyril) Desmond Keeling (Cyril) George Toogood (Cyril) Kenneth Bird (David) Euan Wallace (Davies) Evan Bedford (Denis Duncan) -
Ellsworth American : July 27, 1910
C!)t CllswortI) American. Vol. LYI. 1 ViZm "“•[ ELLSWORTH, MAINE. WEDNESDAY AFTERNOON, JULY 27, 1910. !! No. 30 «6Brrtiirmrnt». AFFAIRS. mother, Mrs. Mafia L. Bartlett, in Ella- HMKTtiwmcRt*. LOCAL worth. NEW ADVERTISEMENT* THIS WEEK. A socialist address was given last even- NATIONAL BAN IX ing in postofflce square by a speaker from Admr notice—Eat Charles E Osgood. - the a Mr. a Maine- UNION TRUST COMPANY ELLSWORTH, ME. -FV Theodore H Smith, Albert R Buck—Com- Southwest, Simonton, BURRILL missioners’ notice. born man. He was listened to attentively Eben W Mayo, Frank P Greene—Commis- OF ELL8WORTH. sioners' notice. by quite a crowd. HOW MUCH BETTER State assessors’ | notice. The Salvation have O W Tapley—Insurance and real estate. army headquarters It Is to use a check In paying ae- Ellsworth Greenhouse. been removed from Odd Fellows block to Capital.$100,000 counts than It Is to count out the Bangos, Mb: the building at the corner of School and Eastern and Undivided Profits cash. Your check is bound to be Maine State fair. Church streets formerly used by the Free Surplus 68,000 and right It Is a receipt that cannot Will Baptist society. OFFIOBRS l>e denied. SCHEDULE OF MAILS AT BLLSWORTH FOSTOFFICB. Herman S. Austin, who is just out of JOHN A. PETERS. President HENRY W.CUSHMAN. Vice President In effect June JO, 1910. the Bar Harbor hospital after an opera- LEONARD M. MOORE. Treasurer HENRY H. HIGGINS, Asst. Treasurer OPEN A CHECKING ACCOUNT tion for abscess of the bowels, is spending MAILS BBCBIVBD. here two weeks with his mother, Mrs. -
Rabbi Hauser's Paintings Include Many on Jewish Ference of Christians and Jews Subjects, His Favorite Theme in Painting
R. I. JEVi!SH i-! ISTORICAI,. ASSOC. 11 209 ANGE LL ST, PROV . o, R, I • THE ONLY ANGLO-JEWISH WEEKLY IN R. I. AND SOUTHEAST MASS . VOL, XLVlll, NO, I FRIDAY, MARCH 6, 1964 15¢ PER COPY 24 PAGES World Awaits Statement From Vatican On Catholic-Jewish Religious Relations ROME - The document on amine all observations on Chapter and warns all Catholics, lay and Catholic-Jewish relations , which Four, on Catholic Jewish relations, hierarchal, against any anti-Sem failed to come up for consideration and Chapter Five, on r eligious itic attitudes stemming from the at the Ecumenical Council ses sion freedom. ancient charge of deicide. last year, will be one of the sub The current session wlll mark In New York, Richard jects to be considered at a two the firs t assembly of the eight new Cardinal Cushing, Archbishop week meeting of the Vatican Sec members of the Secretariat elected of Boston and a leadlng liberal retariat for Chris tian Unity, which during the last days of Council last Catholic prelate, expressed con opened last week. year and the four new members fidence las t week that the Catholic The 30 members - bishops named by Pope Paul VI after his Church would ''eventually" adopt and cardinals - of the Secre r eturn from hi s pilgrimage to the the declaration. tariat, started their meeting under Hol y Land In January. He coupled his prediction with a the presidency of Augustin The Secretariat, und er call for Immediate closer relation Cardinal Bea, In Arlccla near Cardinal Bea' s leadership and on ships between Catholics and Jews. -
ROYAL GALLERY FIRST WORLD WAR Name (As On
Houses of Parliament War Memorials Royal Gallery, First World War ROYAL GALLERY FIRST WORLD WAR Also in Also in Westmins Commons Name (as on memorial) Full Name MP/Peer/Son of... Constituency/Title Birth Death Rank Regiment/Squadron/Ship Place of Death ter Hall Chamber Sources Shelley Leopold Laurence House of Lords, In Piam Memoriam, Baron Abinger Shelley Leopold Laurence Scarlett Peer 5th Baron Abinger 01/04/1872 23/05/1917 Commander Royal Naval Volunteer Reserve London, UK X MCMXIV-MCMXIX (c.1927) Humphrey James Arden 5th Battalion, London Regiment (London Rifle House of Lords, In Piam Memoriam, Adderley Humphrey James Arden Adderley Son of Peer 3rd son of 2nd Baron Norton 16/10/1882 17/06/1917 Rifleman Brigade) Lincoln, UK MCMXIV-MCMXIX (c.1927) The House of Commons Book of Bodmin 1906, St Austell 1908-1915 / Eldest Remembrance 1914-1918 (1931); Thomas Charles Reginald Thomas Charles Reginald Agar- son of Thomas Charles Agar-Robartes, 6th House of Lords, In Piam Memoriam, Agar-Robartes Robartes MP / Son of Peer Viscount Clifden 22/05/1880 30/09/1915 Captain 1st Battalion, Coldstream Guards Lapugnoy, France X X MCMXIV-MCMXIX (c.1927) Horace Michael Hynman Only son of 1st Viscount Allenby of Meggido House of Lords, In Piam Memoriam, Allenby Horace Michael Hynman Allenby Son of Peer and of Felixstowe 11/01/1898 29/07/1917 Lieutenant 'T' Battery, Royal Horse Artillery Oosthoek, Belgium MCMXIV-MCMXIX (c.1927) Aeroplane over House of Lords, In Piam Memoriam, Francis Earl Annesley Francis Annesley Peer 6th Earl Annesley 25/02/1884 05/11/1914 -
Special Articles HERBERT H
Special Articles HERBERT H. LEHMAN: IN MEMORIAM BY LOUIS FINKELSTEIN T A HE passing of Herbert H. Lehman was a profound loss to all who had labored with him for the welfare of the Jewish community and, indeed, to all in our country and throughout the world who had shared his concern for humanity. To a nation still mourning the untimely death of its young president, the loss of this second life, long an inspiration to the forces of enlightenment, deepened the sense of desolation and dark- ness that hung over those tragic days. The nation lost more than a venerated statesman whose dedication to the cause of justice and humanity had made his name a legend throughout the world. Lehman the idealist, the man of action, the man of courage, stood as the shining symbol of America at its finest. No one more truly represented the spirit of liberty and brotherhood so deeply rooted in the history of this country than this second-generation American Jew. For traditions and teachings older than the country itself had contributed to mold his character and to fire him with the passion for social justice that illumined his entire life. Sixty years of that life had been devoted to the service of his fellow- man, crowded years of dedication and unremitting industry, marked by milestones of progress and reform. His interests had led him to vastly different areas of activity, in national and international affairs, in the government of city and state, in the realm of commerce and labor, in the world of education and philanthropy.