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Economic stimulus act of 2008
This act was put into place to prevent recession. It was first drafted by the House of Representatives and later the senate made a new draft. The day the Senate's new draft came out, it was signed and approved. The goal is to lower tax rebates and to stimulate business investments. Leadership, Fiscal. http://voxeu.org/article/did-2008-us-tax-rebates-work
https://en.wikipedia.org/wiki/Economic_Stimulus_Act_of_2008 -
Emergency Economic Stabilization Act
The United States Treasury establishes the Troubled asset relief program. This program purchases mortgage-backed securities that are in trouble. The deposit insurance for banks is also raised to $250,000 as opposed to $100,000. Savings, Fiscal. http://cepr.net/documents/publications/dereg-timeline-2009-07.pdf -
American Recovery and Reinvestment Act of 2009 (ARRA)
This act was a stimulus package from congress that proved for 787 billion dollars. This allowed for direct spending in infrastructure, education, health, and energy, federal tax incentives, and an increase of unemployment benefits. The main objective of this was to get Americans working again through new projects for the country. Budget, Fiscal. http://cepr.net/documents/publications/dereg-timeline-2009-07.pdf -
Hanjin Shipping bankruptcy causes turmoil in global sea freight.
In August of 2016 the Japanese Shipping company, Hanjin, went bankrupt. The freight boats were scheduled to dock in California, but when they received the call that their company went into bankruptcy they were not allowed to enter the ports. Hanjin represented about 8% of the United States trans-pacific trade. Trade, Result. https://www.theguardian.com/business/2016/sep/02/hanjin-shipping-bankruptcy-causes-turmoil-in-global-sea-freight -
Savings program helps poor set aside 4 times more
The Assets for independence program (AFI) created a system where they give back a minimum of $1 and a maximum of $8 for every $1 saved. This system has increased saving among people so drastically that they are now able to pay for life improvements such as school, a car, and even a house. Savings, Monetary. http://www.governing.com/topics/health-human-services/gov-urban-institute-assets-independent-study.html -
Federal contracting trends towards defense and efficiency in 2017
Trump wants to increase military spending and offset pentagon spending with cuts to the rest of the government. He wants to increase ships for the navy along with troops to more than double for the army. This investment will add up to being around $1 trillion in total spending. Budget/ leadership, Fiscal. http://military-technologies.net/2017/01/23/federal-contracting-trends-toward-defense-and-efficiency-in-2017/
