Amritybhav

  Introduction William Shakespeare's  The Tragedy of Othello , the Moor of Venice,or simply  Othello , is a tragedy written in approximately 1603. One of Shakespeare's most tightly woven works, which explores themes of  racism, betrayal, love, revenge, and forgiveness , and has spawned multiple film, literary, and operatic adaptations.  The term "moors" refers to Muslim inhabitants of the Arab west but was attributed to Arabs, Berbers, North Africans and Muslim Europeans. Brief Intro About Character Othello-  Moor (Hero) Desdemoma-  Othello's wife Brabantio-  Desdemona's father,Senator Micheal Cassio-  Lieutenant in Venetian Military Iago-  Villian (wants to become lieutenant) Emillia-  Iago's wife, Desdemona's maid servant Montano-  Governer of Cyprus Roderigo-  Venetian Gentelman (in love with Desdemona) Short summary of Play The play begins with a jealous complaint, as Roderigo, a rich Venetian gentleman laments to his ...

The Federal Reserve System We have seen how the private banking system creates money by making loans. However, private banks are not free to create money at will. Their ability to create money is controlled by the volume of reserves in the system , which is controlled by the Central Bank(Fed). The Fed therefore has the ultimate control over the money supply. We will now examine the structure and function of the Fed.   The United States is divided into 12 Federal Reserve districts, each with its own Federal Reserve bank. These districts are indicated on the map in Figure. The district banks are like branch offices of the Fed in that they carry out the rules, regulations, and functions of the central system.  Federal Open Market Committee (FOMC)  is a group composed of the seven members of the Fed’s Board of Governors, the president of the New York Federal Reserve Bank, and four of the other 11 district bank presidents on a rotating basis; it sets goals concerning the mon...

The economy affects the federal government budget even if there are no explicit fiscal policy changes. There are effects that the government has no direct control over. They can be lumped under the general heading of “automatic stabilizers and destabilizers.” Automatic Stabilizers and Destabilizers Most of the tax revenues of the government result from applying a tax rate decided by the government to a base that reflects the underlying activity of the economy. The corporate profits tax, for example, comes from applying a rate (say 35 percent) to the profits earned by firms. Income taxes come from applying rates shown in tax tables to income earned by individuals. Tax revenues thus depend on the state of the economy even when the government does not change tax rates. When the economy goes into a recession, tax revenues will fall, even if rates remain constant, and when the economy picks up, so will tax revenues. As a result, deficits fall in expansions and rise in recessions, other thi...