Despite the fact that it also required heroic efforts on the part of Congress and the President, Time even gives credit to Bernanke for the $700 billion Troubled Asset Relief Program (TARP) (Grunwald 2009, p.4).
Many, if not most of these decisions were profoundly unpopular and cost both the Obama and Bush Administration as well as Congress a great deal of political collateral. The relatively isolated Bernanke did not have to suffer such a risk in the court of public opinion, and even today critics of these policies ask: what of moral hazard? Supporters of the TARP and other aggressive government measures would counter that worshipping at the altar of moral hazard, caused the fall of Lehman Brothers and the freezing up of the microcredit market in the first place. But once the expectation of bailouts are created, one bailout tends to lead to another -- the bailout of Bear Stearns caused Lehman Brothers to assume it would be 'bailed out.'
Bernanke has often been the responder to crises, rather than an avoider or a hands-on manager acting alone. It was Treasury Secretary Hank Paulson who made the decision not to bail out Lehman but to bail out Bear Stearns, and the executive branch that orchestrated the TARP program. And Bernanke's current position seems fragile: "Ben Bernanke's term as Chairman of the Federal reserve ends in January. He has been nominated by the president for reappointment, but reappointment must be approved by the Senate" (Thoma 2009). Conservative critics are dismayed by Bernanke's orchestration of financial incentives to encourage spending, and say that historically low interest rates have continued for too long: "We see little in the chairman's policy history or guideposts to suggest he will be willing to endure the criticism that will come with tightening money amid a lackluster recovery, if that is what is required to protect the dollar or prevent an inflation outbreak," sniffed the Wall Street Journal in a recent editorial (Thoma 2009). However, liberals state that Bernanke's attempt to balance worries about inflation with worries about double-digit employment fail to take into account...
" James a.S. McPeek further blames Jonson for this corruption: "No one can read this dainty song to Celia without feeling that Jonson is indecorous in putting it in the mouth of such a thoroughgoing scoundrel as Volpone." Shelburne asserts that the usual view of Jonson's use of the Catullan poem is distorted by an insufficient understanding of Catullus' carmina, which comes from critics' willingness to adhere to a conventional -- yet incorrect
Ben & Jerry The concept of unit pricing relates to the price per unit of a good. Often, companies like to convey the impression that buying a larger size saves the consumer money, but unit pricing allows the consumer to see whether or not this is the case. Unit pricing reflects the price per unit of something, rather than the price per container. The point of unit pricing is that it
They must be applied to patient's lives -- this is the reason that Benner places such a strong emphasis on mentorship as a critical component of training. Mentors and the advice of other nurses are required to teach advanced beginners to begin to 'filter' experience and form meaningful principles (Benner 22). However, for the advanced beginner, mentors are still required to help individuals adapt to the situations they are
Ben Franklin's writing expresses many ideas and techniques of the Enlightenment that can also be found in Pope's writings, yet is also uniquely American. And the second part analyzes Tintern Abbey by Wordsworth and This Lime-Tree Bower My Prison. Ben Franklin and Alexander Pope were two great literary writers whose technique comparatively reflected the themes and concepts popular during the age of Enlightenment including individuality and human freedom. Benjamin Franklin was
BEN AND JERRY�S CASE 2Ben and Jerry�s CaseIntroductionTeam building has got to do with the performance of tasks and activities that seek to promote the ability of teams to work together in an effective manner. It would be prudent to note that in the past, team building has been used in efforts to rein in organizational bureaucracy or rigidity that comes about as a consequence of an over-organized system. Ben
Peter Singer and Ben Goldacre The Ethical View of Peter Singer Toward Ben Goldacre Ben Goldacre's book Bad Pharma: How Drug Companies Mislead Doctors and Harm Patients (2013) is an important testament to the concerns of modern day medicine. There are several problems discussed in the book, one of which is the sponsorship of trials into new medicines. To that end, Goldacre writes that these medications are not tested by independent groups
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