Izak Christensen

Feature Story

The College of Agriculture and Life Sciences will recognize Izak Christensen, one of six spring 2018 graduates with senior awards at the college's convocation event on May 4, 2018 beginning at 10:00 am in Hilton Coliseum. Awards are presented by the CALS Student Council.

Christensen will graduate in May with bachelor's degrees in agricultural business and agronomy, as well as a master's degree in business administration with a specialization in finance.  

Alberto Dávila

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Dr. Alberto Dávila of Edinburg, Texas, professor of economics and lead associate dean for administration, graduate studies and research with the Robert C. Vackar College of Business and Entrepreneurship at The University of Texas Rio Grande Valley (UTRGV), has been named dean of the Donald L. Harrison College of Business at Southeast Missouri State University and will begin his new role June 1, 2018.

Dávila said he was attracted to the Harrison College of Business dean position at Southeast because of the University’s strong focus on student success and its close-knit community.

John Lawrence

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Dr. John LawrenceAfter a nationwide search, John Lawrence has been appointed vice president of Iowa State University’s extension and outreach programs.

Lawrence, interim vice president since March 2017, previously served as associate dean in the College of Agriculture and Life Sciences and director of extension and outreach. He will begin the permanent VP role immediately.

Perry Warjiyo

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Perry Warjiyo ('91 Ph.D. econ), a Bank Indonesia deputy governor since 2013, was endorsed March 28, 2018, by the Indonesian parliament's financial commission to be central bank governor, succeeding Agus Martowardojo. Warjiyo was President Joko Widodo’s sole nominee for the role. Warjiyo's more than three decade career at Bank Indonesia began in 1984. Prior to his role as deputy governor, he served as Executive Director of the Department of Economic Research and Monetary Policy since 2009.

Why would stockpiling commodities lead to depressing prices?

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Abbreviated Question: 
Why would stockpiling commodities lead to depressing prices?
Answer: 

The impact of stockpiling commodities on prices depends on the timeframe. While the stockpiling is occurring, your reasoning is accurate. The stockpiling is removing supplies from the market, creating more intense competition for the remaining supplies, which translates into higher prices. However, once the stockpiles are established and the next round of production is underway, the stockpiles become an alternative source for the commodity. As a user, I can either buy the commodity from the next round of production or the stockpile.

Inflation - why do we need it?

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Abbreviated Question: 
Inflation - why do we need it?
Answer: 

Inflation is the natural outcome of price changes brought about by market forces and governmental forces. It is the rate of change in the price level that, in a country like the U.S., is entirely determined by market forces and the actions of the US Fed in the money market. The Fed is required by Congressional mandate to keep inflation in check by changing the money supply or interest rates. I don't think the Fed ever thinks of inflation as something useful or desirable. I don't think it deliberately tries to keep inflation from falling too low but it may try to curb too high an increase.

How is Bitcoin affecting global financial markets, especially in regards to capital controls and monetary policy?

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Abbreviated Question: 
How is Bitcoin affecting global financial markets, especially in regards to capital controls and monetary policy?
Answer: 

Bitcoin itself doesn't affect global financial markets very much now. It has been used with some unlawful activities such as purchasing drug and money laundering. It certainly can be and have been used to violate capital regulation law in some countries but at least now it is still not a big problem. Compared to the huge amount of capital and money flow, money trying to violate regulation by using Bitcoin is still very little. And it is not that hard for governments to track Bitcoin related money flow now.

reducing corruption

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Abbreviated Question: 
reducing corruption
Answer: 

You could allow the group to report this to the station master and get a Rs. 25 award. You could randomly check buses unannounced. You could offer a bonus to the ticket master for every ticket he has proof of having sold.

Should comparative meal costs factor into tip consideration?

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Abbreviated Question: 
Should comparative meal costs factor into tip consideration?
Answer: 

The writer has already shown that a good argument can be made either way. There is no correct answer the way the question is framed. The friends will debate the question until the restaurant closes. So, let's give them something else to debate that might help.

CIF or FOB Price per Metric Ton of Yellow Corn No. 2 for Animal consumption

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Abbreviated Question: 
CIF or FOB Price per Metric Ton of Yellow Corn No. 2 for Animal consumption
Answer: 

The Iowa State University Estimated Livestock Returns (http://www2.econ.iastate.edu/estimated-returns/) provides estimates of cattle finishing and hog production costs and returns. The monthly Yellow Corn No. 2 corn price used in these calculations is provided in the chart below. Prices have been converted from $/bushel to $/metric ton.

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