Vocational research paper on a career - lawyer Example | Topics and Well Written Essays - 500 words

Vocational on a career - lawyer - Research Paper Example The certificate is called pre-law degree. The training is available at universities or law schools. An individual practicing to be a lawyer must pass through the Bar examination, ethics examination and graduate from a law school (The Lawyers Almanac 2011: The Leading Reference of Vital Facts and Figures about the Legal Profession 301). Education requirement for practicing lawyers is set by each school and normally the fees charged for the training ranges from & $150,000 to over $200, 000. In addition, the entry in the bar examination depends on each state’s bar association. The duration taken to study law differ in countries and law schools. An example is that, in the UK, it is: The LLB is 3 years, and the LLM is one year course. Conversely, in the US: A J.D. will take three years to complete after you have spent four years completing a bachelors degree (Walton 95). There are different kinds of lawyers amongst them judicial clerks being paid an average of $54,000, Prosecutors $35,000 to $90,000, public defender $35,000 to $57,000, and federal government lawyer $ 62, 467 as of 2012(The Authoritative Guide Careers for the Year 2000 and Beyond: Everything You Need to Know to Find the Right Career 118). Law as a profession also has various prominent personalities who act as a role model to aspiring lawyers to be. They are Nelson Mandela, Gandhi, Fidel Castro, Dick Button and Jeffrey Chodorow (Basu 192). Demand of people in the profession of law is rather disturbing since most law schools are producing an excess of graduates lawyers. These lawyers are not proportionated with the available employment opportunities available in the nation and the result is unemployment for most graduates lawyers and decreased pay as there are many lawyers available in the market (Occupational Outlook Handbook 256). In conclusion, law is a extremely essential profession since it is

The Monetary Behavior as Created by the Federal Reserve Essay

The Monetary Behavior as Created by the Federal Reserve - Essay Example e instances, the value can be significantly higher, or even lower, than the dollar amount denoted on the paper, all due to the acts of the Federal Reserve. The Federal Reserve also has the responsibility for the behavior of the dollar on the global exchange market, alongside the bigger picture of controlling how much currency is printed and in circulation at any one time (Federal Reserve Publications Committee, 2005). Any action taken by the Federal Reserve in regards to these factors can in some way, shape, or form, influence and controls the behavior of the US dollar. The Federal Reserve has the power, and has always had the power since its creation, to control the amount of funds in its regional banks throughout the United States. By the Federal Reserve requiring any Federal Reserve banks to keep reserves on hand to handle unexpected outflows as well as meet the demands for the daily operations, it was believed that stability in the behavior and value of a dollar would result (Fed eral Reserve Bank of San Francisco). These reserves, however, also play an important part in how the Federal Reserve controls the behavior of a US dollar throughout the nation and the world. From day to day, the amount of reserves a bank wants to hold may change in accordance with its daily transactions. Therefore, when a bank finds that it needs additional reserves on a short-term basis, it can borrow them from other banks that happen to have more reserves than they need (Federal Reserve Bank of San Francisco). The interest rate associated with this overnight borrowing of reserves is called the federal funds rate, which adjusts to balance the supply of and demand for reserves. The U.S. Federal Open Market Committee (FOMC) sets a target for the federal funds rate, and keeps the rate on... The Federal Reserve has the power, and has always had the power since its creation, to control the amount of funds in its regional banks throughout the United States. By the Federal Reserve requiring any Federal Reserve banks to keep reserves on hand to handle unexpected outflows as well as meet the demands for the daily operations, it was believed that stability in the behavior and value of a dollar would result (Federal Reserve Bank of San Francisco). These reserves, however, also play an important part in how the Federal Reserve controls the behavior of a US dollar throughout the nation and the world. From day to day, the amount of reserves a bank wants to hold may change in accordance with its daily transactions. Therefore, when a bank finds that it needs additional reserves on a short-term basis, it can borrow them from other banks that happen to have more reserves than they need (Federal Reserve Bank of San Francisco). The interest rate associated with this overnight borrowing of reserves is called the federal funds rate, which adjusts to balance the supply of and demand for reserves. The U.S. Federal Open Market Committee (FOMC) sets a target for the federal funds rate, and keeps the rate on target by increasing and decreasing bank reserves through transactions such as the buying and selling of U.S. Treasuries (Federal Reserve, 2011). This is all done in accordance with the long-term goals of monetary policy as stated above.