Slides from "democratization of finance" lecture by Prof. Robert Shiller, taken from http://oyc.yale.edu/economics/financial-markets/content/sessions/session-24-making-it-work-for-real-people-the
It's time for an Illinois public bank! Take a look at the Bank of North Dakota (http://banknd.nd.gov), which makes the money of the people of North Dakota work FOR them! Join us at http://www.illinoispublicbanking.org.
2. 9 8 21 amber alerts on mobile can now link to missing child's pic.krishu80
The FCC also will make wireless providers deliver alerts to more granular geographic areas so you only get notices relevant to your location. And it also has created a new class of alerts, called Public Safety Messages, to share information that can save lives or property, such as emergency shelter locations or orders to not drink tap water without boiling it first. Wireless providers also have to support Spanish-language alerts.
The WEA system first became available on smartphones in 2012 with severe weather alerts. When receiving an alert, the phone emits a high-pitched noise and flashes a message on the screen, describing what emergency is happening. Because the alert system is on phones, the signals are triangulated so that weather alerts will be localized.
Money-making Bestcourse
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4th stimulus check status: $2,000 petition, $1,000 for teacher
Amber Alerts are about to get more detailed.
The Federal Communications Commission on Thursday adopted new rules to strengthen the Wireless Emergency Alerts system that delivers critical warnings and information to Americans on their wireless phones. The system sends Amber Alerts for missing children, as well as weather alerts and other emergencies.
Under the new rules, WEA alerts for 4G LTE and future wireless networks can now be 360 characters long, up from 90 characters under the old parameters. The FCC also will require participating wireless providers to support embedded phone numbers and URLs in all alerts, which allows the public to click to see a photo of a missing child or call the police.
payments,
A View at the Financial Collapses in the United States and the Evolution of t...Joel Stitt
MBA Thesis presentation on United States Financial Collapses, specifically the Housing Market Crash of 2008 and the Great Depression, and the evolution of the banking and financial services industry over the past century
Alternative Currencies: The Solution to the Economic Crisis?Brian McConnell
"What is now being called the 'Great Recession' shows no sign of ending either in the U.S. or elsewhere in the world. What then should be done? In many locations people are increasingly turning to creation of alternative currencies. But can these really be effective?
This and many other questions will be addressed by Richard C. Cook, author and retired U.S. Treasury analyst."
As a resident of Roanoke and director of the Peace Spiritual Center, Richard brings a wealth of information and an open-eyed critique of the most discussed solutions as well as examples from both ancient and recent history.
It's time for an Illinois public bank! Take a look at the Bank of North Dakota (http://banknd.nd.gov), which makes the money of the people of North Dakota work FOR them! Join us at http://www.illinoispublicbanking.org.
2. 9 8 21 amber alerts on mobile can now link to missing child's pic.krishu80
The FCC also will make wireless providers deliver alerts to more granular geographic areas so you only get notices relevant to your location. And it also has created a new class of alerts, called Public Safety Messages, to share information that can save lives or property, such as emergency shelter locations or orders to not drink tap water without boiling it first. Wireless providers also have to support Spanish-language alerts.
The WEA system first became available on smartphones in 2012 with severe weather alerts. When receiving an alert, the phone emits a high-pitched noise and flashes a message on the screen, describing what emergency is happening. Because the alert system is on phones, the signals are triangulated so that weather alerts will be localized.
Money-making Bestcourse
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POST A COMMENT
Cybersecurity FCC
Mobile
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Discuss: Amber Alerts on mobile can now link to missing child's pic
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.
4th stimulus check status: $2,000 petition, $1,000 for teacher
Amber Alerts are about to get more detailed.
The Federal Communications Commission on Thursday adopted new rules to strengthen the Wireless Emergency Alerts system that delivers critical warnings and information to Americans on their wireless phones. The system sends Amber Alerts for missing children, as well as weather alerts and other emergencies.
Under the new rules, WEA alerts for 4G LTE and future wireless networks can now be 360 characters long, up from 90 characters under the old parameters. The FCC also will require participating wireless providers to support embedded phone numbers and URLs in all alerts, which allows the public to click to see a photo of a missing child or call the police.
payments,
A View at the Financial Collapses in the United States and the Evolution of t...Joel Stitt
MBA Thesis presentation on United States Financial Collapses, specifically the Housing Market Crash of 2008 and the Great Depression, and the evolution of the banking and financial services industry over the past century
Alternative Currencies: The Solution to the Economic Crisis?Brian McConnell
"What is now being called the 'Great Recession' shows no sign of ending either in the U.S. or elsewhere in the world. What then should be done? In many locations people are increasingly turning to creation of alternative currencies. But can these really be effective?
This and many other questions will be addressed by Richard C. Cook, author and retired U.S. Treasury analyst."
As a resident of Roanoke and director of the Peace Spiritual Center, Richard brings a wealth of information and an open-eyed critique of the most discussed solutions as well as examples from both ancient and recent history.
President Donald Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017. While the new legislation redefined the tax brackets and eliminated personal deductions, it also changed the rules for charitable giving. Here are some of the changes you need to know in order to plan your donations appropriately for the upcoming year.
Yr 7 History comparison of Palaeolithic and Neolithic Ages. Adapted from http://www.slideshare.net/jessieleininger?utm_campaign=profiletracking&utm_medium=sssite&utm_source=ssslideview
President Donald Trump signed the Tax Cuts and Jobs Act into law on December 22, 2017. While the new legislation redefined the tax brackets and eliminated personal deductions, it also changed the rules for charitable giving. Here are some of the changes you need to know in order to plan your donations appropriately for the upcoming year.
Yr 7 History comparison of Palaeolithic and Neolithic Ages. Adapted from http://www.slideshare.net/jessieleininger?utm_campaign=profiletracking&utm_medium=sssite&utm_source=ssslideview
The paleolithic era and the neolithic eraashleyrollins
Paleolithic Era to Neolithic Era. Created for a sixth grade social studies classroom. Contains information about the transition from hunting and gathering to a more permanent and agricultural lifestyle.
Information from History Alive! Pictures from Wikipedia and Discovery Education.
I have made this presentation to give insight of what really hapenned in 2008 when housing bubble bursted in 2008.
It was the greed of wall streets people and investors.
A lecture delivered in 2010/11. Why the economy will collapse is a warning to all investors who speculate on stocks and shares, and other forms of speculation. It is far better to invest directly into CASH & PROFITS.
We are in the midst of a Global Financial meltdown. These slides first presented to 2nd year MBA students at a major University, identifies the root causes of the problem explains why we are where we are today.
The public tends to focus on the total national debt, which just passed the $17 trillion mark.
But that figure pales in comparison to the federal government’s long-term unfunded liabilities
—money the government is obligated to pay over and above the revenues it is estimated to receive.
According to the U.S. Debt Clock, total long-term unfunded liabilities are at $126 trillion, a $1.1 million liability for each U.S. taxpayer. The main driver of that astronomical number
is two of our major entitlement programs: Social Security and Medicare.
The Center for Responsible Lending (CRL) assesses the impact of the financial crisis on American families, showing the magnitude of the damage to their financial security--that is, their household balance sheet. In addition, this study looks at a broad range of current lending practices and their impacts.
A financial crisis is defined as any situation where one or more significant financial assets – such as stocks, real estate, or oil – suddenly (and usually unexpectedly) loses a substantial amount of their nominal value.
Common examples of a financial crisis include financial market crashes, housing market crashes and bank runs.
A financial crisis may have multiple causes. Generally, a crisis can occur if institutions or assets are overvalued, and can be exacerbated by irrational or herd-like investor behavior. For example, a rapid string of selloffs can result in lower asset prices, prompting individuals to dump assets or make huge savings withdrawals when a bank failure is rumored.
Contributing factors to a financial crisis include systemic failures, unanticipated or uncontrollable human behavior, incentives to take too much risk, regulatory absence or failures, or contagions that amount to a virus-like spread of problems from one institution or country to the next.
This financial crisis was the worst economic disaster since the Stock Market Crash of 1929. It started with a subprime mortgage lending crisis in 2007 and expanded into a global banking crisis with the failure of investment bank Lehman Brothers in September 2008. Huge bailouts and other measures meant to limit the spread of the damage failed and the global economy fell into recession.
As it was the most damaging financial crisis event, the Global Financial Crisis, deserves special attention, as its causes, effects, response, and lessons are most applicable to the current financial system.
The 2007–2008 financial crisis, or Global Economic Crisis (GEC), was the most severe worldwide economic crisis since the Great Depression. Predatory lending in the form of subprime mortgages targeting low-income homebuyers,[1] excessive risk-taking by global financial institutions,[2] a continuous buildup of toxic assets within banks, and the bursting of the United States housing bubble culminated in a "perfect storm", which led to the Great Recession.
Mortgage-backed securities (MBS) tied to American real estate, as well as a vast web of derivatives linked to those MBS, collapsed in value. Financial institutions worldwide suffered severe damage,[3] reaching a climax with the bankruptcy of Lehman Brothers on September 15, 2008, and a subsequent international banking crisis.[4]
The preconditioning for the financial crisis was complex and multi-causal.[5][6][7] Almost two decades prior, the U.S. Congress had passed legislation encouraging financing for affordable housing.[8] However, in 1999, parts of the Glass-Steagall legislation, which had been adopted in 1933, were repealed, permitting financial institutions to commingle their commercial (risk-averse) and proprietary trading (risk-taking) operations.
Similar to Democratization of Finance by Robert Shiller (17)
Presentation given at Bangkok Sustainable Banking Forum 2019, 13 August 2019. Sarinee Achavanuntakul, Fair Finance Thailand (สฤณี อาชวานันทกุล, แนวร่วมการเงินที่เป็นธรรมประเทศไทย)
"Pursuing retail banking with social responsibility" by Sarinee Achavanuntakul. Presented at Sustainable Banking Conference, Bangkok, Thailand, 23 July 2018
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Biological screening of herbal drugs: Introduction and Need for
Phyto-Pharmacological Screening, New Strategies for evaluating
Natural Products, In vitro evaluation techniques for Antioxidants, Antimicrobial and Anticancer drugs. In vivo evaluation techniques
for Anti-inflammatory, Antiulcer, Anticancer, Wound healing, Antidiabetic, Hepatoprotective, Cardio protective, Diuretics and
Antifertility, Toxicity studies as per OECD guidelines
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The French Revolution Class 9 Study Material pdf free download
Democratization of Finance by Robert Shiller
1. Lecture 24: The Democratization of
Finance: Consumer Finance
Economics 252, Spring 2008
Prof. Robert Shiller, Yale University
2. Social (Governmental) Insurance
• Progressive Taxes (US 1913)
• Free public education and services
• Social Security: OASDI, Old Age, Survivors and
Disability Insurance (US 1935)
• Health Insurance: Medicare, Medicaid (US, both
1965) US is only major developed country without
comprehensive health insurance.
• Workers Compensation (US before 1920)
3. Origins of Social Insurance
• German social thinkers in 1870s: Lujo Brentano,
Gustav Schmoller, Adolph Wagner. Stressed
insurance principles.
• Otto von Bismarck’s government: instituted
sickness insurance (Krankenversicherung) 1883,
accident insurance (Unfallversicherung) 1884,
old-age insurance (Invaliden und
Altersversicherung), 1889.
• Unemployment insurance, UK, Lloyd George,
1911.
4. Government Insurance, continued
• Aid to Families with Dependent Children
(1935) abolished 1996, in reaction to
accelerating “moral hazard” problem.
• Unemployment insurance (US 1935)
• Survivors Insurance (US 1939)
5. Radical Financial Innovation
Example II: Social Security
• Germany, 1889 first national pension plan
• Financial theory: concept of insurance
(Versicherung), large risks, Lujo Brentano, Gustav
Schmoller
• Psychological theory: overconfidence, wishful
thinking, hyperbolic discounting Schriften des
Vereins für Sozialpolitik
• Information technology making this possible:
paper, typewriters, filing cabinets, German
bureaucracy, pasting 11 million stamps on cards
• Invention copied around the world, same social
security principles in U. S. today
6. Welfare Reform Act of 1996
• Republican bill, Clinton signed it because of
pledge to “end welfare as we know it,” after
vetoing two earlier bills
• Ended Roosevelt’s “New Deal” after 60 years
• Lifetime 5-year lifetime limit on welfare
• Denies aid to immigrants who are not citizens
• Unemployed childless adults limited to 3 months
food stamps out of 36 months, immigrants get
none. Hungry people helped by churches, charity
7. Early US Bankruptcy History
• Reacting to what they regarded as lenient state
bankruptcy laws in colonies, US constitution,
Article I, Section 10, prohibits states from
“impairing the obligation of contracts.”
• 1800, 1841, 1867, 1898 acts followed financial
crisis that rescued multitudes of failed debtors. In
1840, there were half a million failed debtors.
• 1841 law had a discharge provision, after
surrendering all one’s assets, one could have a
“fresh start.”
8. Bankruptcy Reform Act, 1978
• First major revision of bankruptcy law since 1938
• Lowered stigma of bankruptcy, relabeled
“bankrupts” as “debtors.”
• Allowed people to keep more
• Made repayment schemes more attractive
• Launched a boom in personal bankruptcies.
• Bankruptcies have increased five-fold since 1985.
9. Personal Bankruptcies
• US Personal bankruptcies reached 1.4 million in
1998, a record. Declined to 1.3 million in 1999
and 1.2 million in 2000, rose to 1.45 million in
2001, new record.
• More bankruptcies than divorces. (1.2 million
divorces in 1996)
• With 104 million households in US in 1999, more
than 1% of households declare bankruptcy each
year.
• Cumulative effect as years go by.
10. Chapter 7 Bankruptcy
• This is the liquidation form.
• Debtors turn over all nonexempt property to
trustee and are discharged from most debt.
• Alimony, taxes, educational loans not discharged.
• Can’t declare bankruptcy again for 6 years.
• To read Chapter 7 (or others), go to Title 11
(Bankruptcy) of United States Code, http://
www4.law.cornell.edu/uscode/11/
12. Chapter 13–Adjustment of Debts
of an Individual with Regular
Income
• Chapter 13 is a vehicle to repay part or all
of debts over time, supervised by court-
appointed trustee.
• Keep all of property and receive a discharge
of portion of debt
13. 2005 Consumer Protection and
Bankruptcy Abuse Act
• Clinton vetoed 2000 bill as too harsh.
• Harsh new bills passed both houses March 2001, Bush
indicated he would sign.
• Reconciliation conference was scheduled for September
12, 2001, cancelled.
• Pres. Bush signed final bill April 2005, prompting last
minute rush to file for bankruptcy
• Took effect October 17, 2005, foreclosure rates jump
immediately
• Time between bankruptcies raised to eight years from six
• Chapter 7 now available only for households with incomes
below their state median
14. Informal Bankruptcy
• Only 40% of credit card charge-offs are due to
bankruptcies. (Amanda Dawsey, L. Ausubel)
• Going bankrupt requires some planning, one has
to save $1000 before lawyer will represent you.
Down-and-outs don’t do it. Creditors may just
give up— not worth it.
• State laws allow creditors to garnish your wages,
even if you never declared bankruptcy.
15. Causes of Bankruptcies
• Personal bankruptcies tend to be spurred by job
loss, health problems, divorce.
• Americans run up debts they can pay only if
nothing goes wrong.
• Many bankruptcies are by people who are
“drowning in mortgage debt,” having bought too
big a house.
– Sullivan, Warren & Westbrook The Fragile Middle
Class YUP 2000
16. Bailouts without Bankruptcy
• Home Owners’ Loan Corporation 1933. If you
couldn’t afford to pay your mortgage, but were
still dependeable, you go to HOLC.
• HOLC goes to your lender, and seeks a reduction
of your balance, say from $8000 to $6000.
• HOLC would swap the lender $6000 of govt
bonds for the new mortgage
• Demanded a 15-year mortgage
17. Dodd-Frank Bill Pending in
Congress
• FHA would insure mortgages up to 90% of
value of home
• Private sector would do new loans at 90%,
have FHA guarantee loans
• Swapping debt for equity, equity that will
stay with FHA realized upon resale of
house.
• Future of this bill is uncertain
18. Continuous-Workout Mortgages
• The mortgage workouts in Dodd-Frank bill could
be done continuously (every month) for all home
owners.
• Automatically adjust mortgage for changes in
home prices, incomes, economic conditions
• Dodd-Frank bill is in trouble because it smacks of
bailout; my proposal is not a bailout
• CWM proposal is in my forthcoming Subprime
Solution: How Today’s Global Financial Crisis
Happened and What to Do about It
19. Concluding Thoughts for Course
• Democratization of finance will dramatically
extend realm of financial technology to everyone,
improving human welfare
• This democratization is part of a long trend toward
greater economic development
• Financial careers have a good claim for social
purpose, youthful idealism
• Peter Unger’s Living High and Letting Die reveals
complex moral dilemmas for all careers, dilemmas
that all of us must confront, each in our own way.