[03:50.76]She needed to give a one-word answer." [03:54.88]A spokesman for President Joe Biden [03:57.68]criticized the three college presidents' answers. [04:01.68]In a statement, he said they did not go far enough...
Presidents often hold the position ofchief operating officer (COO)in the corporate world. The COO is responsible for day-to-day operations and has vice presidents for different parts of the company reporting to them. Other roles of the president can include creating a vision for the company’s...
Only three U.S. presidents have ever been impeached—including President Trump—but none have been removed from office. Here’s how the impeachment process works.
There are 12 Federal Reserve districts, each with its ownFederal Reserve Bank. These regional banks operate as extensions of the central bank. The president of the Federal Reserve Bank of New York serves continuously while the presidents of the others serve one-year terms on a three-year rotati...
The Electoral College is the unique American system of electing presidents. It is different from the popular vote, and it has an outsize impact on how candidates run and win campaigns.
The federal funds rate is a crucial macroeconomic concept. Here are some essential points to keep in mind: The federal funds rate is theinterest rate banks use to lend money to each other overnight. All banks must keep a portion of their deposits as a reserve, based on a reserve requireme...
Private firms may issue stock and have shareholders, but their shares do not trade on public exchanges and are not issued through an IPO. In general, the shares of these firms are less liquid and their values are difficult to determine (Investopedia, 2016b; Trostel & Nichols, 1982). Most...
The meeting follows the longstanding tradition of outgoing presidents meeting their successors to discuss a smooth transition from one administration to the other. However, RepublicanMr Trumpfailed to give the same opportunity to Mr Biden in 2020 as he refused to accept his defeat against his Democra...
Just how easy would it be to implement ways to balance the budget? Not very, according to some economists. The taxes you pay each year to theInternal Revenue Service (IRS)are counted as revenue that's used to reduce the deficit. But there's no guarantee that this revenue stream will be...
In cases where there are two candidates of nearly equal experience, however, education can play a role in who gets the final nod. Many senior vice presidents may find that such as position is the pinnacle of their career. A few may move on into the role of president of the company or ...