3/28/2020 0 Comments Economic Article Analysis Essay Example | Topics and Well Written Essays - 500 wordsEconomic Article Analysis - Essay Example Banks, chastened by the recent credit disaster due to the subprime mortgage loan debacle, have refused to take more risks by way of lending. Seeing that the stimulus package did not work as expected, both Treasury and the Fed decided to inject funds directly -- from the helicopter, so to speak -- into the economy by buying distressed assets in order to pump more money into the economy to spur growth. This took the form of programs named Term Auction Lending Facility, Term Securities Lending Facility, and Asset Backed Paper Money Market Mutual Fund Lending Facility. This buyback program had recently reached $2.2 trillion from $950 billion last September 2008. Such an approach sought to stave off a "catastrophic downturn" although some observers think that the recession is already running, the worst since the early 1980s. From the economists point of view the attempt of the US government to intervene is based on what has been learned from the Great Depression of the 1930s when the so-called "invisible hand." was found no longer reliable. A British economist, John Maynard Keynes, proposed that the government should take direct action to stimulate the economy, by way of infusing liquidity through direct spending to stimulate consumption and industrial activity. The injection of cash could be made through the banking system, through low interest rates, or through fiscal policy via a budget deficit, or by a combination of both monetary and fiscal policy. First, the Fed offers low discount rate to the banks, and the latter should be able to to lend the money to borrowers at just a slightly higher interest to account for their income derived from the spreads In the present situation, however, the banks are not extending credit. Consequently, the Fed had to take direct action by purchasing distressed assets. When the economy recovers as widely believed it will, starting --
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Arnold Schoenberg's Musical Influence Arnold Schoenberg was one of the greatest musical influences of the mid 20th Century. He was born on September 13, 1874, to a Jewish family in Vienna, Austria (Schoenberg 1). Schoenberg was a young Jewish man during World War I (WWI) living in Berlin. He was directly affected by the invasion of the Nazis. In 1933, he had to leave Berlin and desert his faith for Lutheranism later on taking on the faith of Judaism. At the early age of eight, he began violin lessons and almost immediately started composing music (Schoenberg 1). He was self-taught until the age of 10 when he began formal training (Schoenberg 1). He earned a living by orchestrating operettas, directing a cabaret orchestra, and teaching. Schoenberg influenced the music and art of the western culture in numerous ways. Some of the most successful composers were his students. These students were molded by Schoenberg and directly absorbed his knowledge and style. Schoenberg created different rhythms and tunes that were passed along to his students and other composers. He was able to catch the attention of a multitude through his writings, music, paintings, and post cards. This variety of talent gathered a larger audience and catered to their needs. Being that Schoenberg often traveled and taught at his destination, he was well known throughout the world and influenced many. Schoenberg taught over thousands of students within a fifty-year period including Austrian composers Anton Webern and Alban Berg (Bailey 2). Schoenberg did not view teaching as a job but rather as an inspirational motivation tool. He said: “I must confess that I was a passionate teacher, and the satisfaction of giving to beginners as much as possible of my own knowledge was probably a greater reward that the actual fee I received (Simms 1).†His passion was passed down to his students encouraging a musical revolution. The more he taught, the more lives he influenced. Students serve as a great preservation of history and culture. They take what they have learned, add their style to it, and it starts the domino effect from there. It is obvious that Schoenberg regarded teaching as more than a job but a way to influence and enhance culture. He felt that he didn’t gain from what he was taught unless he had already discovered it. Schoenberg created a twelve-tone method and many rhythms and tu... ...eavy Metal, Country, and Broadway are based on the concepts of temperament and tonality defined by Schoenberg. He created a twelve-tone method and many wonderful rhythms and tunes. His greatest joy in life was to teach. He wanted to influence students to take chances and to have their own musical styles. He was never afraid to show his own styles and expressions to the world. Works Cited Arnold Schoenberg Center: The Portrait of a Century at http://www.schoenberg.at/1_as/essay/essay_e.htm Arnold Schoenberg – Born: September 13, 1874 Vienna/ Died: July 13, 1951 Los Angeles, California at http://www.wwnorton.com/classical/composers/schnbrg.htm Arnold Schoenberg - The American Works at http://www.schirmer.com/composers/schoenberg_essay.html Arnold Schoenberg: (1874-1951) at http://w3.rz-berlin.mpg.de/cmp/schonberg.html Arnold Schoenberg Center: Schoenberg as a Teacher http://www.schoenberg.at/1_as/schueler/lehrerschueler_e.htm Bailey, Walter B. The Arnold Schoenberg Companion. Greenwood Press, 1998 Simms, Bryan R. The Atonal Music of Arnold Schoenberg, 1908-1923. Oxford US, 2000 Journal of the Arnold Schoenberg Institute IX/1 June 1986. Arnold Schoenberg's Musical Influence Essay -- Arnold Schoenberg Music Arnold Schoenberg's Musical Influence Arnold Schoenberg was one of the greatest musical influences of the mid 20th Century. He was born on September 13, 1874, to a Jewish family in Vienna, Austria (Schoenberg 1). Schoenberg was a young Jewish man during World War I (WWI) living in Berlin. He was directly affected by the invasion of the Nazis. In 1933, he had to leave Berlin and desert his faith for Lutheranism later on taking on the faith of Judaism. At the early age of eight, he began violin lessons and almost immediately started composing music (Schoenberg 1). He was self-taught until the age of 10 when he began formal training (Schoenberg 1). He earned a living by orchestrating operettas, directing a cabaret orchestra, and teaching. Schoenberg influenced the music and art of the western culture in numerous ways. Some of the most successful composers were his students. These students were molded by Schoenberg and directly absorbed his knowledge and style. Schoenberg created different rhythms and tunes that were passed along to his students and other composers. He was able to catch the attention of a multitude through his writings, music, paintings, and post cards. This variety of talent gathered a larger audience and catered to their needs. Being that Schoenberg often traveled and taught at his destination, he was well known throughout the world and influenced many. Schoenberg taught over thousands of students within a fifty-year period including Austrian composers Anton Webern and Alban Berg (Bailey 2). Schoenberg did not view teaching as a job but rather as an inspirational motivation tool. He said: “I must confess that I was a passionate teacher, and the satisfaction of giving to beginners as much as possible of my own knowledge was probably a greater reward that the actual fee I received (Simms 1).†His passion was passed down to his students encouraging a musical revolution. The more he taught, the more lives he influenced. Students serve as a great preservation of history and culture. They take what they have learned, add their style to it, and it starts the domino effect from there. It is obvious that Schoenberg regarded teaching as more than a job but a way to influence and enhance culture. He felt that he didn’t gain from what he was taught unless he had already discovered it. Schoenberg created a twelve-tone method and many rhythms and tu... ...eavy Metal, Country, and Broadway are based on the concepts of temperament and tonality defined by Schoenberg. He created a twelve-tone method and many wonderful rhythms and tunes. His greatest joy in life was to teach. He wanted to influence students to take chances and to have their own musical styles. He was never afraid to show his own styles and expressions to the world. Works Cited Arnold Schoenberg Center: The Portrait of a Century at http://www.schoenberg.at/1_as/essay/essay_e.htm Arnold Schoenberg – Born: September 13, 1874 Vienna/ Died: July 13, 1951 Los Angeles, California at http://www.wwnorton.com/classical/composers/schnbrg.htm Arnold Schoenberg - The American Works at http://www.schirmer.com/composers/schoenberg_essay.html Arnold Schoenberg: (1874-1951) at http://w3.rz-berlin.mpg.de/cmp/schonberg.html Arnold Schoenberg Center: Schoenberg as a Teacher http://www.schoenberg.at/1_as/schueler/lehrerschueler_e.htm Bailey, Walter B. The Arnold Schoenberg Companion. Greenwood Press, 1998 Simms, Bryan R. The Atonal Music of Arnold Schoenberg, 1908-1923. Oxford US, 2000 Journal of the Arnold Schoenberg Institute IX/1 June 1986.
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