When did the authority that controls monetary policy in the major western power exempt from charges of genocide against itself start quantitative easing?
during the Great Depression of the 1930s
Title: Genocide
Passage: Genocide has become an official term used in international relations. The word genocide was not in use before 1944. Before this, in 1941, Winston Churchill described the mass killing of Russian prisoners of war and civilians as "a crime without a name". In that year, a Polish-Jewish lawyer named Raphael Lemkin, described the policies of systematic murder founded by the Nazis as genocide. The word genocide is the combination of the Greek prefix geno- (meaning tribe or race) and caedere (the Latin word for to kill). The word is defined as a specific set of violent crimes that are committed against a certain group with the attempt to remove the entire group from existence or to destroy them.
Title: Quantitative easing
Passage: Beginning in March 2009, the Bank of England had purchased around £165 billion in assets as of September 2009 and around £175 billion in assets by the end of October 2009. At its meeting in November 2009, the Monetary Policy Committee (MPC) voted to increase total asset purchases to £200 billion. Most of the assets purchased have been UK government securities (gilts); the Bank has also purchased smaller quantities of high - quality private - sector assets. In December 2010, MPC member Adam Posen called for a £50 billion expansion of the Bank's quantitative easing programme, while his colleague Andrew Sentance has called for an increase in interest rates due to inflation being above the target rate of 2%. In October 2011, the Bank of England announced that it would undertake another round of QE, creating an additional £75 billion. In February 2012 it announced an additional £50 billion. In July 2012 it announced another £50 billion, bringing the total amount to £375 billion. The Bank has said that it will not buy more than 70% of any issue of government debt. This means that at least 30% of any issue of government debt will have to be purchased and held by institutions other than the Bank of England. In 2012 the Bank estimated that quantitative easing had benefited households differentially according to the assets they hold; richer households have more assets.
Title: Dangerous Dogs Act 1991
Passage: Under the 1991 act (and as amended in 1997) it is illegal to own any Specially Controlled Dogs without specific exemption from a court. The dogs have to be muzzled and kept on a lead in public, they must be registered and insured, neutered, tattooed and receive microchip implants. The Act also bans the breeding, sale and exchange of these dogs, even if they are on the Index of Exempted Dogs.
Title: Chinese Banking Liquidity Crisis of 2013
Passage: The Chinese Banking Liquidity Crisis of 2013 was a sudden credit crunch affecting China's commercial banks evidenced by a rapid rise on 20 June 2013 in the Shanghai interbank overnight lending rates to a high of 30 percent from its usual rate of less than 3%. The ensuing panic affected gold markets and stock. China's regulation of the foreign exchange market had caused a decline in inflow of cash. On 19 June 2013, instead of injecting additional funds and easing its monetary policy, China's central bank People's Bank of China (PBOC) told commercial banks to "make full use of incremental funds and revitalize stock options." On 24 June 2014 the PBOC told commercial banks to "control the risk associated with credit expansion" effectively increasing the scrutiny of shadow banks' lending practices. This resulted in a sudden shortfall in the cash market resulting in short term repo rates in excess of 25%. In effect China was using market forces to manage the economy.
Title: Genocide
Passage: All signatories to the CPPCG are required to prevent and punish acts of genocide, both in peace and wartime, though some barriers make this enforcement difficult. In particular, some of the signatories—namely, Bahrain, Bangladesh, India, Malaysia, the Philippines, Singapore, the United States, Vietnam, Yemen, and former Yugoslavia—signed with the proviso that no claim of genocide could be brought against them at the International Court of Justice without their consent. Despite official protests from other signatories (notably Cyprus and Norway) on the ethics and legal standing of these reservations, the immunity from prosecution they grant has been invoked from time to time, as when the United States refused to allow a charge of genocide brought against it by former Yugoslavia following the 1999 Kosovo War.
Title: Economy of the United Kingdom
Passage: Government involvement in the British economy is primarily exercised by Her Majesty's Treasury, headed by the Chancellor of the Exchequer, and the Department for Business, Energy and Industrial Strategy. Since 1979 management of the economy has followed a broadly laissez - faire approach. The Bank of England is the UK's central bank and its Monetary Policy Committee is responsible for setting interest rates, quantitative easing, and forward guidance.
Title: Genocide
Passage: The study of genocide has mainly been focused towards the legal aspect of the term. By formally recognizing the act of genocide as a crime, involves the undergoing prosecution that begins with not only seeing genocide as outrageous past any moral standpoint but also may be a legal liability within international relations. When genocide is looked at in a general aspect it is viewed as the deliberate killing of a certain group. Yet is commonly seen to escape the process of trial and prosecution due to the fact that genocide is more often than not committed by the officials in power of a state or area. In 1648 before the term genocide had been coined, the Peace of Westphalia was established to protect ethnic, national, racial and in some instances religious groups. During the 19th century humanitarian intervention was needed due to the fact of conflict and justification of some of the actions executed by the military.
Title: Genocide
Passage: There has been much debate over categorizing the situation in Darfur as genocide. The ongoing conflict in Darfur, Sudan, which started in 2003, was declared a "genocide" by United States Secretary of State Colin Powell on 9 September 2004 in testimony before the Senate Foreign Relations Committee. Since that time however, no other permanent member of the UN Security Council followed suit. In fact, in January 2005, an International Commission of Inquiry on Darfur, authorized by UN Security Council Resolution 1564 of 2004, issued a report to the Secretary-General stating that "the Government of the Sudan has not pursued a policy of genocide." Nevertheless, the Commission cautioned that "The conclusion that no genocidal policy has been pursued and implemented in Darfur by the Government authorities, directly or through the militias under their control, should not be taken in any way as detracting from the gravity of the crimes perpetrated in that region. International offences such as the crimes against humanity and war crimes that have been committed in Darfur may be no less serious and heinous than genocide."
Title: United Kingdom national debt
Passage: As of Q1 (the first quarter of) 2015, UK government debt amounted to £1.56 trillion, or 81.58% of total GDP, at which time the annual cost of servicing (paying the interest) the public debt amounted to around £43 billion (which is roughly 3% of GDP or 8% of UK government tax income). Approximately a third of this debt is owned by the British government due to the Bank of England's quantitative easing programme, so approximately 1 / 3 of the cost of servicing the debt is paid by the government to itself, reducing the annual servicing cost to approximately £30 billion (approx 2% of GDP, approx 5% of UK government tax income).
Title: History of Russia
Passage: By the time of her death in 1796, Catherine's expansionist policy had made Russia into a major European power. Alexander I continued this policy, wresting Finland from the weakened kingdom of Sweden in 1809 and Bessarabia from the Ottomans in 1812.
Title: International Monetary Fund
Passage: Previous managing director Dominique Strauss - Kahn was arrested in connection with charges of sexually assaulting a New York hotel room attendant and resigned on 18 May. The charges were later dropped. On 28 June 2011 Christine Lagarde was confirmed as managing director of the IMF for a five - year term starting on 5 July 2011. In 2012, Lagarde was paid a tax - exempt salary of US $467,940, and this is automatically increased every year according to inflation. In addition, the director receives an allowance of US $83,760 and additional expenses for entertainment.
Title: United States dollar
Passage: The monetary base consists of coins and Federal Reserve Notes in circulation outside the Federal Reserve Banks and the U.S. Treasury, plus deposits held by depository institutions at Federal Reserve Banks. The adjusted monetary base has increased from approximately 400 billion dollars in 1994, to 800 billion in 2005, and over 3000 billion in 2013. The amount of cash in circulation is increased (or decreased) by the actions of the Federal Reserve System. Eight times a year, the 12-person Federal Open Market Committee meet to determine U.S. monetary policy. Every business day, the Federal Reserve System engages in Open market operations to carry out that monetary policy. If the Federal Reserve desires to increase the money supply, it will buy securities (such as U.S. Treasury Bonds) anonymously from banks in exchange for dollars. Conversely, it will sell securities to the banks in exchange for dollars, to take dollars out of circulation.
Title: Go Go Power Rangers
Passage: A cover of the song, performed by Noam Kaniel, has been used as the show's intro theme since 2011, starting with the 18th season of the franchise, Power Rangers Samurai. A rearrangement of Kaniel's version was used for 2013's Power Rangers Megaforce, revising some lyrics to reflect that season. Another rearrangement, again with revised lyrics, was later used for Power Rangers Dino Charge and Power Rangers Ninja Steel.
Title: Quantitative easing
Passage: The US Federal Reserve belatedly implemented policies similar to the current quantitative easing during the Great Depression of the 1930s. Specifically, banks' excess reserves exceeded 6 percent in 1940, whereas they vanished during the entire postwar period until 2008. Despite this fact, many commentators called the scope of the Federal Reserve quantitative easing program after the 2008 crisis ``unprecedented ''.
Title: Faraday's laws of electrolysis
Passage: Faraday's laws of electrolysis are quantitative relationships based on the electrochemical research published by Michael Faraday in 1834. They relate the amount of material produced at an electrode during an electrochemical reaction to the total charge passed or, equivalently, the average current and total time.
Title: Genocide
Passage: Slobodan Milošević, as the former President of Serbia and of Yugoslavia, was the most senior political figure to stand trial at the ICTY. He died on 11 March 2006 during his trial where he was accused of genocide or complicity in genocide in territories within Bosnia and Herzegovina, so no verdict was returned. In 1995, the ICTY issued a warrant for the arrest of Bosnian Serbs Radovan Karadžić and Ratko Mladić on several charges including genocide. On 21 July 2008, Karadžić was arrested in Belgrade, and he is currently in The Hague on trial accused of genocide among other crimes. Ratko Mladić was arrested on 26 May 2011 by Serbian special police in Lazarevo, Serbia. Karadzic was convicted of ten of the eleven charges laid against him and sentenced to 40 years in prison on March 24 2016.
Title: Monetary policy of the United States
Passage: Monetary policy concerns the actions of a central bank or other regulatory authorities that determine the size and rate of growth of the money supply. For example, in the United States, the Federal Reserve is in charge of monetary policy, and implements it primarily by performing operations that influence short - term interest rates.
Title: European Union law
Passage: The Social Charter was subsequently adopted in 1989 by 11 of the then 12 member states. The UK refused to sign the Social Charter and was exempt from the legislation covering Social Charter issues unless it agreed to be bound by the legislation. The UK subsequently was the only member state to veto the Social Charter being included as the "Social Chapter" of the 1992 Maastricht Treaty - instead, an Agreement on Social Policy was added as a protocol. Again, the UK was exempt from legislation arising from the protocol, unless it agreed to be bound by it. The protocol was to become known as "Social Chapter", despite not actually being a chapter of the Maastricht Treaty. To achieve aims of the Agreement on Social Policy the European Union was to "support and complement" the policies of member states. The aims of the Agreement on Social Policy are:
Title: Battle of Trafalgar
Passage: In 1805, the First French Empire, under Napoleon Bonaparte, was the dominant military land power on the European continent, while the British Royal Navy controlled the seas. During the course of the war, the British imposed a naval blockade on France, which affected trade and kept the French from fully mobilising their naval resources. Despite several successful evasions of the blockade by the French navy, it failed to inflict a major defeat upon the British, who were able to attack French interests at home and abroad with relative ease.
Title: Qatar Central Bank
Passage: The Qatar Central Bank was originally the Qatar Monetary Agency (and was known before that as Qatar Dubai Currency Board), founded on May 13, 1973 after Dubai joined the United Arab Emirates and disengaged itself from British monetary policy which the area had previously followed. The Qatar Monetary Agency assumed the duties of a central bank. In 1973, Amiri Decree No. 24 authorized the issuance of the Qatari Riyal (QR).
Monetary policy of the United States Genocide Quantitative easing