Midwest High-Speed Rail essays

Midwest High-Speed Rail essays Where would America be without the train? The train and rail are as much a part of American heritage as the land itself. The train connected the east to the west. Trains ushered in the industrial revolution of the later 19th century. Trains not only ushered in industry, but also commerce America into the next century. The high-speed rail proposed to the Midwest will bring people in its cities closer together by the way of lowered cost and travel time. It will create jobs and help finance other important state programs with the revenue it creates. The beauty of the state will be preserved as it runs cleaner than other transits. When up and running theses trains will hopefully cut down the amount of travel on busy interstates which will further benefit our environment. Indiana should proudly be a part and share its weight of such an auspicious event. The question now is whether or not Indiana will help fund Amtrack's new train system. Under Amtrack's proposed plan, called the Midwest Regional Rail Initiative (MMRI), it has been projected that the total capital cost for their Midwest High-Speed Rail, is $3.5 billion. The proposed cost will be divided up by having the federal government contribute 80% of the capital cost, while then allowing the nine states to pick up the remaining 20%. With the nine states only having to pay 20% of a 3.5 billion dollar project cost how could any state pass up this chance. By the year 2010 the MMRI will be up and running and generate a projected total 471 million in revenue. The operation cost per year is only estimated at 347 million, which leaves each state with a nice 14 million to help finance new state project or older state project s that could never be worked into the budget before. Travel time is also a nice quality to the MMRI. What ever the travel time on other convectional forms of transportations will be cut down by at least 2 hours. A trip from Ch ...

RBA

RBA The Reserve Bank of Australia (RBA) is Australia's central bank and has the responsibility of controlling Australia's money and banking system, as outlined in the Reserve Bank Act 1959. It has three main objectives, which include the stability of the Australian currency, the maintenance of full employment and the economic prosperity and welfare of the people of Australia.The conduct of monetary policy is the most important ongoing responsibility of the Reserve Bank. It is action taken by the RBA in order to influence the cost and availability of money in the Australian economy through influencing the general level of interest rates. The RBA meets every month to decide whether interest rates should be changed. Lenders then use these decisions as a basis for setting the interest rates for their individual loan products and will usually alter interest rates a day or two after any RBA announcement.The Reserve Bank is the sole issuing authority for Australian currency and is responsible f or the payments system.The Central Bank Of Ireland - DublinThis means ensuring the efficiency and stability of payment methods such as credit cards, electronic cash, traveller's cheques and stored-value cards. Other banks also hold exchange settlement accounts with the RBA, and these are used to allow banks to settle debts between themselves as well as with the RBA at the end of each days trading.In 2002, the Financial Services Consumer Policy Centre at the University of New South Wales Faculty of Law welcomed the release of the Reserve Bank's credit card reforms, which became an effective way of ensuring the efficiency and stability of payment methods. The centre's director, Mr. Connolly, stated that consumers had been paying higher prices for goods and services because of the hidden interchange fees built into the credit card system, and these new reforms will replace an...

New constitution Assignment Example | Topics and Well Written Essays - 1000 words

New constitution - Assignment Example Participation by right One criterion that is considered to be important in constitution making is participating in the whole process. This is seen as being legitimate. Public participation in the process of constitution making makes it desirable. Allowing the public to participate in the process of enacting a new constitution creates a stronger ground on which to stand. Logically we can state that the right to participate in the process of constitution making is derived from the meaning which is generally termed as democratic participation. In the Human Rights Declaration made by the United Nations (1948, Article 21) and especially in reference to article 25 states that there is a right to participate in voting, affairs of the public and a right to the access of public service. One of the reasons that constitution making is important is because it is mostly about the distribution of power. Public participation that can be considered to be genuine includes allowing the people freedom of speech and assembly, social inclusion and personal security. When the channels of communication are good and enhanced between every level of the society, a strong civil society and civic education then the process of constitution making is facilitated at a higher level (Lerner, 2011). ... In this type of government the powers of authority are limited, written and the law restricts it so as to offer protection to the citizenry. To oversee this accomplishment there has to be a federal system in which there is division of power between the state government and the federal government. Thus power is not wielded by one fraction, for example the constitution might give the federal government the power to make laws, tax people to raise money and to control an army while the rest of the powers are given to individual states. Through the constitution the government gets to be separated into branches: the judicial, legislative and executive branches. The jobs of each branch vary from one to the other. The executive branch is headed by the president. His /her work is to be the commander in chief of the armed forces, enforce laws and to conduct foreign affairs. The Judicial branch has the job and mandate to make sure the constitution is upheld and the laws followed to the latter ( Lerner, 2011). Checks and balances This idea of checks and balances is credited to Montesquieu and it helps the branches of government to cooperate, offer protection to minority from the majority and limit one branch of the government from becoming extremely powerful. This system enables the branches of the government to limit or check each other so that sharing of power is kept at a balanced level. The president’s veto power can be used as a good example in this setting. The president can veto a bill and in the process limit the power of congress, but on the other hand the legislative branch of the government can overturn this veto by having a two-thirds majority in both of the house and hence the balance is maintained. The legislative