Japanese Government Considers Investing in Stock Market
Tumbling share prices of Japanese stocks are eroding the capital of Japanese banks thereby suffocating the banks' ability to lend money to broke businesses. So, the Japanese government is looking into possible solutions.
Kaoru Yosano, the powerful three-pronged finance minister, financial services minister and economics minister, has instructed his staff to look into measures to counter falling stock prices—including an idea floated by the chairman of the influential Keidanren business lobby, Fujio Mitara, who says the government should set up a public body to buy shares in the market, according to the Financial Times.
Whoa! “If it is possible to support stock prices using public funds, we can expect a strengthening of the financial health of financial institutions and an increase in lending,” Mitara told the Financial Times. Is it me or does this sound scary?
As the United States looks to foreign models to help navigate its domestic stock slide, projects like this one set a dangerous precedent. A government that manipulates stock prices very much takes the free out of the free market. We should all be keeping a close watch on the levels of intervention happening globally and ensure that no reckless experiments become part of a global economic plan.
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The legacy of Felix Dzerzhinsky, who led Soviet secret police in the "Red Terror," still confounds Russia.
- Felix Dzerzhinsky led the Cheka, Soviet Union's first secret police.
- The Cheka was infamous for executing thousands during the Red Terror of 1918.
- The Cheka later became the KGB, the spy organization where Russia's President Putin served for years.
She met mere mortals with and without the Vatican's approval.
- For centuries, the Virgin Mary has appeared to the faithful, requesting devotion and promising comfort.
- These maps show the geography of Marian apparitions – the handful approved by the Vatican, and many others.
- Historically, Europe is where most apparitions have been reported, but the U.S. is pretty fertile ground too.
Research by neuroscientists at MIT's Picower Institute for Learning and Memory helps explain how the brain regulates arousal.
The big day has come: You are taking your road test to get your driver's license. As you start your mom's car with a stern-faced evaluator in the passenger seat, you know you'll need to be alert but not so excited that you make mistakes. Even if you are simultaneously sleep-deprived and full of nervous energy, you need your brain to moderate your level of arousal so that you do your best.
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