Share to Twitter Share to Linkedin The American economy was booming in the mid-1960s. Real GDP growth averaged more than 5% between 1961 and 1967, reaching as high as 6.5% in 1966. Millions of Americans enjoyed the fruits of this prosperity, including rising incomes and plentiful jobs. Tax cuts got much of the credit for this growth — especially the one enacted in 1964. As the economist Arthur Okun observed : “The best known fact about the Revenue Act of 1964 is that, in the year and a half since it took effect, economic activity has expanded briskly.” But as Okun also pointed out, a causal relationship can’t be inferred from a sequential one; just because prosperity had followed the tax cut didn’t mean that the tax cut had caused the prosperity. Other fiscal forces were also at work, including robust government spending. The ambitious social programs of President Lyndon Johnson’s Great Society were part of the story. So, too, were military … [Read more...] about Timelines In Tax History: Guns, Butter, And The Vietnam War Tax Surcharge
Guns n roses
Meet The Russian Billionaire Who’s The Proxy Owner Of Putin’s $500 Million Yacht
The U.S. Department of Justice alleges that Eduard Khudainatov, the ex-CEO of state-owned oil giant Rosneft, acts as the "straw owner” for three superyachts held by Vladimir Putin and two Russian oligarchs—but Khudainatov has a multibillion dollar fortune of his own, thanks to his ties to the Kremlin’s inner circle. E duard Khudainatov is one of Russia’s most mysterious oligarchs. A former CEO of Russia’s state-owned oil company Rosneft and a longtime associate of Igor Sechin—Rosneft’s current boss and Putin’s right-hand man —the 61-year-old Khudainatov was largely unknown outside of his home country until last month. His Independent Petroleum Company, known by its Russian initials NNK, was a relatively small player in Russia’s oil industry until a blockbuster deal with Khudainatov’s former employer Rosneft in December 2020. But Khudainatov’s obscurity ended in May, when U.S. authorities identified him as the proxy owner of two megayachts: the 459-foot Scheherazade , … [Read more...] about Meet The Russian Billionaire Who’s The Proxy Owner Of Putin’s $500 Million Yacht
Latin Hip Hop Artist Pitbull’s Fourth Song Joins The Billion Views Club On YouTube
Share to Twitter Share to Linkedin Cuban-American singer Pitbull (Armando Christian Pérez) has started the New Year off with a bang, as his music video for his 2011 club anthem "Give Me Everything" made it into YouTube's Billion Views Club this month. The track, which also featured Ne-Yo, Afrojack, and Nayer, had previously reached the top spot on the year-end Rhythmic Songs chart when it was released more than a decade ago, while it also topped the Billboard Hot 100. It was Mr. Worldwide's first number one hit on the Hot 100 since his 2004 debut "Culo," and it is now his fourth video to surpass a billion views on the video streaming service. Pitbull had previously joined the Billion Views Club with "Timber" (featuring Ke$ha), "Rain Over Me" (featuring Marc Anthony), and with Jennifer Lopez's "On the Floor." The video for "Give Me Everything" is now Ne-Yo and Afrojack's second entry into the Billion Views Club, while it is Nayer's first. The … [Read more...] about Latin Hip Hop Artist Pitbull’s Fourth Song Joins The Billion Views Club On YouTube
Lori Lightfoot Suggests Street Vendors Stop Using Cash In Order To Quell Chicago Crime Epidemic
Democratic Chicago Mayor Lori Lightfoot suggested Thursday that street vendors stop using cash in order to quell Chicago’s crime spike. The incumbent mayor listed her solutions to the ongoing crime crisis in the city during the mayoral debate with her eight opponents. “I heard a lot of rhetoric here, a lot of soundbites, but not a lot of concrete solutions on how we get the job done and make our residents and our workers safe. We’re doing it every single day,” she said. “We have been in Little Village working with those street vendors, understanding what the nature of the crime is, making sure that we’re doing things in concert with them to help them, to make sure that their money is secure. Not use money, if at all possible, using other forms of transactions to carry themselves.” WATCH: Chicago is ranked to be the sixth most dangerous city in America, according to Property Club. Between Jan. 9 and Jan. 15, city crime spiked 65% from year-to-date the previous year. … [Read more...] about Lori Lightfoot Suggests Street Vendors Stop Using Cash In Order To Quell Chicago Crime Epidemic
Ties that bind the Philippines and China – from trade, food to faith
Written by: Linda B. Bolido T he eminent Filipino historian Teodoro A. Agoncillo said the Philippines and China started their trade relations in the 9th century, hundreds of years before the Portuguese Ferdinand Magellan “discovered” in 1521 the archipelago for Spain. The steady and continuous flow of goods from China led, in fact, to the establishment of Chinese communities along Philippine coastal towns. China-PH trade since ancient times Agoncillo wrote in his “History of the Filipino People” (8th Edition, 1990), “The long contacts of the Filipinos with the Chinese, beginning with the 10th century of the Chinese era, inevitably led to Chinese cultural penetration of the Philippines. Chinese influences on Filipino life were mainly economic for the Chinese who came to the islands were ‘economic’ men whose interest lay in profits rather than in political domination.” The centuries of relations had added to Philippine languages, particularly Tagalog or … [Read more...] about Ties that bind the Philippines and China – from trade, food to faith
Vic Mensa, Poet And Musician, Dreams Of Wild Peace
Share to Twitter Share to Linkedin As a rapper, Vic Mensa continues to contribute to some of the most important tracks of our age, and he will do so well into eternity as his influences resound against time. He’s worked with The Internet, Chance the Rapper, Snoh Aalegra, BJ The Chicago Kid, KAYTRANADA, Juicy J, Flume, Joey Purp, Asher Roth, and Chief Keef. His collaborations with many of which will play for people for as long as they have access to the songs of us and our days. The literary connections to the contemporary poet run deep as rivers can carve sandstone. He quoted prolific poet and philosopher Bell Hooks on The Breakfast Club , the show pop-idol, declared future presidential candidate, Forbes 30 Under 30 inductee, and comedian Ziwe called, “the most iconic Black radio station.” And he is a published writer with the Rolling Stone . He’s delivered clean water systems, jamboree, and Dave Chappelle to Ghana. The latter two of which … [Read more...] about Vic Mensa, Poet And Musician, Dreams Of Wild Peace