World news

World news or international news or even foreign coverage is the news media jargon for news from abroad, about a country or a global subject. For journalism, it is a branch that deals with news either sent by foreign correspondents or news agencies, or — more recently — information that is gathered or researched through distance communication technologies, such as telephone, satellite TV or the internet.

Although in most of the English-speaking world this field is not usually regarded as a specific specialization for journalists, it is so in nearly all the world. Particularly in the United States, there is a blurred distinction between world news and "national" news when they include directly the national government or national institutions, such as wars in which the US are involved or summits of multilateral organizations in which the US are a member.

Actually, at the birth of modern journalism, most news were actually foreign, as registered by the courants of the 17th century in West and Central Europe, such as the Daily Courant (England), the Nieuwe Tijudinger (Antwerp), the Relation (Strasbourg), the Avisa Relation oder Zeitung (Wolfenbüttel) and the Courante Uyt Italien, Duytsland & C. (Amsterdam). Since these papers were aimed at bankers and merchants, they brought mostly news from other markets, which usually meant other nations. In any case, it is worthy to remark that nation-states were still incipient in 17th-century Europe.

Economic collapse

There is no precise definition of an economic collapse. The term has been used to describe a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).

Often economic collapse is accompanied by social chaos, civil unrest and sometimes a breakdown of law and order.

An example of an economic collapse is the Great Depression.

Cases of economic collapse

There are few well documented cases of economic collapse. One of the best documented cases of collapse or near collapse is the Great Depression, the causes of which are still being debated.

Bernanke's comment addresses the difficulty of identifying specific causes when many factors may each have contributed to various extents.

World

World is a common name for the whole of human civilization, specifically human experience, history, or the human condition in general, worldwide, i.e. anywhere on Earth or pertaining to anywhere on Earth.

In a philosophical context it may refer to:

In a theological context, world usually refers to the material or the profane sphere, as opposed to the celestial, spiritual, transcendent or sacred. The "end of the world" refers to scenarios of the final end of human history, often in religious contexts.

World history is commonly understood as spanning the major geopolitical developments of about five millennia, from the first civilizations to the present.

World population is the sum of all human populations at any time; similarly, world economy is the sum of the economies of all societies (all countries), especially in the context of globalization. Terms like world championship, gross world product, world flags etc. also imply the sum or combination of all current-day sovereign states.

Federal Reserve System

The Federal Reserve System‍—‌also known as the Federal Reserve or simply as the Fed‍—‌is the central banking system of the United States. It was created on December 23, 1913, with the enactment of the Federal Reserve Act, largely in response to a series of financial panics, particularly a severe panic in 1907. Over time, the roles and responsibilities of the Federal Reserve System have expanded, and its structure has evolved. Events such as the Great Depression in the 1930s were major factors leading to changes in the system.

The U.S. Congress established three key objectives for monetary policy in the Federal Reserve Act: maximizing employment, stabilizing prices, and moderating long-term interest rates. The first two objectives are sometimes referred to as the Federal Reserve's dual mandate. Its duties have expanded over the years, and as of 2009 also include supervising and regulating banks, maintaining the stability of the financial system and providing financial services to depository institutions, the U.S. government, and foreign official institutions. The Fed conducts research into the economy and releases numerous publications, such as the Beige Book.

The Federal Kuala Lumpur

The Federal Kuala Lumpur is an international-class hotel located on Kuala Lumpur's Bukit Bintang district. It hosts post-independence Malaya's first revolving restaurant.

History

The Federal Kuala Lumpur is the first international-class hotel of post-independence Malaya. It was built to coincide with Malaya's Independence commemoration to serve as a hotel for witnessing foreign dignitaries. It opened for business just three days before Malaya's Independence Day which falls on 31 August 1957. It was founded by Tan Sri Datuk Low Yat. The architect of the original nine-story building was Yoon Thim Lee. The taller wing housing the revolving restaurant was built in the early 1960s.

See also

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