In what month was the man who proposed the Volcker Rule born?
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Volcker Rule The Volcker Rule refers to § 619 ( /1851 § 1851  ) part of the Dodd–Frank Wall Street Reform and Consumer Protection Act, originally proposed by American economist and former United States Federal Reserve Chairman Paul Volcker to restrict United States banks from making certain kinds of speculative investments that do not benefit their customers. Volcker argued that such speculative activity played a key role in the financial crisis of 2007–2010. The rule is often referred to as a ban on proprietary trading by commercial banks, whereby deposits are used to trade on the bank's own accounts, although a number of exceptions to this ban were included in the Dodd-Frank law. The rule's provisions were scheduled to be implemented as a part of Dodd-Frank on July 21, 2010, with preceding ramifications, but were delayed. On December 10, 2013, the necessary agencies approved regulations implementing the rule, which were scheduled to go into effect April 1, 2014. On January 14, 2014, after a lawsuit by community banks over provisions concerning specialized securities, revised final regulations were adopted. The rule came into effect on July 21, 2015. On August 11, 2016, several large banks requested a 5-year delay to exit illiquid investments.
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Paul Volcker Paul Adolph Volcker Jr. ( ; born September 5, 1927) is an American economist. He was Chairman of the Federal Reserve under Presidents Jimmy Carter and Ronald Reagan from August 1979 to August 1987. He is widely credited with ending the high levels of inflation seen in the United States during the 1970s and early 1980s. He was the chairman of the Economic Recovery Advisory Board under President Barack Obama from February 2009 until January 2011.
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Bernard Cohen (physicist) Bernard Leonard Cohen (June 14, 1924 – March 17, 2012) was born in Pittsburgh, and was Professor Emeritus of Physics at the University of Pittsburgh. Professor Cohen was a staunch opponent of the so-called Linear no-threshold model (LNT) which postulates there exists no safe threshold for radiation exposure. His view, considered in the 1980s and 1990s a self-marginalizing posture, had gained, within 20 years, support from a strong minority. He died in March 2012.
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Lewis Fry Richardson Lewis Fry Richardson, FRS (11 October 1881 – 30 September 1953) was an English mathematician, physicist, meteorologist, psychologist and pacifist who pioneered modern mathematical techniques of weather forecasting, and the application of similar techniques to studying the causes of wars and how to prevent them. He is also noted for his pioneering work concerning fractals and a method for solving a system of linear equations known as modified Richardson iteration.
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Erick Weinberg Erick J. Weinberg (born August 29, 1947) is a theoretical physicist and Professor of physics at the Department of Physics in Columbia University.
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Waldemar Rosenberger Waldemar Rosenberger, (Russian: Владимир Карлович Розенбергер , Vladimir Karlovich Rozenberger, 1848–1918) from Saint Petersburg, Russia, became director of the Volapük Academy in 1892. Under his leadership, the Academy began to experiment more with the Volapük language. In 1902 the Academy proposed a heavily revised version which was known as Neutral and later Idiom Neutral.
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Edward Condon Edward Uhler Condon (March 2, 1902 – March 26, 1974) was a distinguished American nuclear physicist, a pioneer in quantum mechanics, and a participant in the development of radar and nuclear weapons during World War II as part of the Manhattan Project. The Franck–Condon principle and the Slater–Condon rules are co-named after him.
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Fred Wacker Frederick G. Wacker Jr. (July 10, 1918 Chicago – June 16, 1998) was an engineer and former president of two large Chicago companies. He was also a prominent Chicago socialite, a jazz musician, and a racing driver. He participated in five Formula One World Championship races, debuting on June 21, 1953. He scored no championship points. He also participated in several non-Championship Formula One races.
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Max Volmer Max Volmer (] ; 3 May 1885 – 3 June 1965) was a German physical chemist, who made important contributions in electrochemistry, in particular on electrode kinetics. He co-developed the Butler–Volmer equation. Volmer held the chair and directorship of the Physical Chemistry and Electrochemistry Institute of the Technische Hochschule Berlin, in Berlin-Charlottenburg. After World War II, he went to the Soviet Union, where he headed a design bureau for the production of heavy water. Upon his return to East Germany ten years later, he became a professor at the Humboldt University of Berlin and was president of the East German Academy of Sciences.
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Bert L. Rule Bert L. Rule "(né" Albert Lyman Rule; 12 August 1891 Brooklyn; – 17 August 1978 East Patchogue, New York) was an American composer, arranger, singer, and pianist of popular songs of Tin Pan Alley and the vaudeville genre. Rule composed and published his music, some of which became national hits, from 1913 to 1934. He worked in publishing houses, namely M. Witmark & Sons and performed in vaudeville theaters throughout the country roughly during the same period.
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Franklin D. Roosevelt Franklin Delano Roosevelt ( , his own pronunciation, or ; January 30, 1882 – April 12, 1945), commonly known as FDR, was an American statesman and political leader who served as the 32nd President of the United States from 1933 until his death in 1945. A Democrat, he won a record four presidential elections and emerged as a central figure in world events during the mid-20th century. He directed the United States government during most of the Great Depression and World War II. As a dominant leader of his party, he built the New Deal Coalition, realigning American politics into the Fifth Party System and defining American liberalism throughout the middle third of the 20th century. He is often rated by scholars as one of the three greatest U.S. Presidents, along with George Washington and Abraham Lincoln.
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Paul Volcker Committee The Paul Volcker Committee (Independent Inquiry Committee) was formed to investigate alleged corruption and fraud in the United Nations Oil-for-Food Programme in Iraq.
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Alfred Wilhelm Volkmann Alfred Wilhelm Volkmann (1 July 1801 – 21 April 1877) was a German physiologist, anatomist, and philosopher. He specialized in the study of the nervous and optic systems.
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Karl Verner Karl Adolph Verner (] ; 7 March 1846, Århus – 5 November 1896, Copenhagen) was a Danish linguist. He is remembered today for Verner's law, which he stated in 1875.
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John J. Wicker, Jr. John Jordan Wicker, Jr. (December 31, 1893 – July 20, 1985) was an American lawyer and Democratic politician who served as a member of the Virginia Senate from 1932 to 1936, representing the City of Richmond. A founding member of the American Legion, he was elected the chairman of Virginia's 1945 Constitutional Convention which aimed to expand voting rights to members of the armed forces during wartime.
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Doc Adams Daniel Lucius "Doc" Adams (November 1, 1814 – January 3, 1899) was an American baseball player and executive who is regarded by historians as an important figure in the sport's early years. For most of his career he was a member of the New York Knickerbockers. He first played for the New York Base Ball Club in 1840 and started his Knickerbockers career five years later, continuing to play for the club into his forties and to take part in inter-squad practice games and matches against opposing teams. Researchers have called Adams the creator of the shortstop position, which he used to field short throws from outfielders. In addition to his playing career, Adams manufactured baseballs and oversaw bat production; he also occasionally acted as an umpire.
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Bill Volok William J. Volok (March 23, 1910 - August 6, 1991) was a professional American football player who played guard and tackle for six seasons for the Chicago Cardinals.
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Pete Rozelle Alvin Ray "Pete" Rozelle ( ; March 1, 1926 – December 6, 1996) was the commissioner of the National Football League for nearly thirty years, from January 1960 to November 1989, when he retired from office. He is credited with making the NFL into one of the most successful sports leagues in the world.
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Francis Townsend Francis Everett Townsend ( ; January 13, 1867 – September 1, 1960) was an American physician who was best known for his revolving old-age pension proposal during the Great Depression. Known as the "Townsend Plan", this proposal influenced the establishment of the Roosevelt administration's Social Security system. He was born just outside Fairbury, Illinois, where he is memorialized by a post office named in his honor.
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Konrad Lorenz Konrad Zacharias Lorenz (] ; 7 November 1903 – 27 February 1989) was an Austrian zoologist, ethologist, and ornithologist. He shared the 1973 Nobel Prize in Physiology or Medicine with Nikolaas Tinbergen and Karl von Frisch. He is often regarded as one of the founders of modern ethology, the study of animal behaviour. He developed an approach that began with an earlier generation, including his teacher Oskar Heinroth.
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Robert R. Sokal Robert Reuven Sokal (January 13, 1926 in Vienna, Austria – April 9, 2012 in Stony Brook, New York) was an Austrian-American biostatistician and entomologist. Distinguished Professor Emeritus at the Stony Brook University, Sokal was a member of the National Academy of Sciences and the American Academy of Arts and Sciences. He promoted the use of statistics in biology and co-founded the field of numerical taxonomy, together with Peter H. A. Sneath.
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James Naismith James Naismith (November 6, 1861 – November 28, 1939) was a Canadian-American physical educator, physician, chaplain, sports coach and innovator. He invented the game of basketball at age 30 in 1891. He wrote the original basketball rule book and founded the University of Kansas basketball program. Naismith lived to see basketball adopted as an Olympic demonstration sport in 1904 and as an official event at the 1936 Summer Olympics in Berlin, as well as the birth of the National Invitation Tournament (1938) and the NCAA Tournament (1939).