It was renamed PowerPoint in as suggested by Robert Gaskins. The first iteration was launched together with Windows 3. It only allowed slide progression in one direction — forward — and the amount of customization was fairly limited. Although it was conceived only for Macintosh computers in the very beginning, PowerPoint quickly became one of the most iconic trademarks and the first important acquisition of Microsoft.
Even today, it holds up to 95 percent of the market share of presentation software. PowerPoint allows users to create media-rich presentations constituted by a series of slides.
To create slides, a series of templates are used to provide the user with pre-defined layouts for different purposes. During a PowerPoint presentation, the presenter has the liberty to define the pace by controlling the flow manually or having the slide swap at preset intervals, which may also be different for each slide. Individual elements on a slide may also appear after a certain command is issued, such as bullet points or videos.
PowerPoint experienced a very significant change in PowerPoint 97, which added predefined transition effects and allowed the user to time them appropriately so that slides would transition automatically.
This allowed a presenter to follow a predefined progression and go on with the presentation without pausing to change or read the slides. PowerPoint introduced the "ribbon" interface, marking a drastic change from the previous interface style. Charged with "enhancing the integrity, efficiency, orderliness, and competitiveness of our Nation's financial markets and maintaining investor confidence.
Its original purpose was to report specifically on the Black Monday events of October 19, —during that event, the Dow Jones Industrial Average fell However, the group has continued to meet and report to various presidents over the years, usually but not always during turbulent times in the financial markets.
In , it issued a recommendation to Congress, requesting changes in the derivatives markets regulations. It convened during the global credit crisis of Treasury Secretary Steven Mnuchin chaired a conference call with other members of the group, in addition to representatives from the Comptroller of the Currency and the Federal Deposit Insurance Corporation.
Though not exactly a secret, the Plunge Protection Team isn't widely covered and doesn't release the minutes of its meetings or its recommendations, reporting only to the president.
This behavior leads some observers to wonder if the government's most important financial officials are doing more than analyzing and advising—in fact, that are actively intervening in the markets. Conspiracy theorists have speculated that the group executes trades on several exchanges when prices are heading downward, collaborating with big banks such as Goldman Sachs and Morgan Stanley in unrecorded transactions. They often point to a speech published in The Wall Street Journal by former Federal Reserve Board of Governors member Robert Heller, which suggested the Fed could directly support the stock market by purchasing index futures contracts.
However, arbitrary and aggressive buying cut the decline in half in one day. On Tuesday and Wednesday of that week, stocks opened lower, and each time aggressive buying buoyed the markets. That aggressive buying, some say, was being orchestrated by the Plunge Protection Team. Or, to take a more recent example: The Plunge Protection Team's aforementioned teleconference on Dec.
On the 27th, it lost half those gains, until a late-day reversal stopped the slide, and caused the market to close points up. That's no coincidence, conspiracy theorists argue. If true, this sort of manipulation is not unlike the actions of consortia of private bankers and financiers in the late 19th and early 20th century who, during financial panics, would step in to shore up the stock market with massive purchases.
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