OLG Stuttgart verurteilt VW mit Urteil vom 09 03 2021 trotz Verjährung zu Schadensersatz / Autobesitzer können wegen 10-jähriger Verjährungsfrist auch 2021 noch klagen finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Why The Economic Situation In 1920 Was Grim
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“The economic situation in 1920 was grim. By that year unemployment had jumped from 4 percent to nearly 12 percent, and GNP declined 17 percent.”[1] Federal income tax rates were massively and oppressively increased from a maximum rate of 15 percent in 1916 to 77 percent in 1918. This plummeted the percent of overall tax revenue paid by the wealthy from 29.4 percent in 1916 to only 2.37 percent by 1921.[2] As a result, the higher rates “shifted a growing share of the burden onto the lower income bracket taxpayers.”[3]
This occurred under Woodrow Wilson’s administration, and although he enacted the Federal Reserve[4] “to furnish an elastic currency, to afford means of rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes,”[5] it has never accomplished its intent.
Isolation Is Weakness; Strength Is in Numbers
Legend has it that back in 1776, at the signing of the Declaration of Independence in Philadelphia, Ben Franklin quipped to his fellow revolutionaries, “We must all hang together, or most assuredly we shall all hang separately.” That is, if the patriots didn’t stay together and fight for independence as a group, the British would win and then hang them all, one by one.
Fortunately, there’s strength in unity. George Washington kept the army of the 13 colonies intact, and so, after five arduous years of fighting, he won a decisive victory at Yorktown. To this day, the success of the American Revolution stands as an inspiring saga of purposeful teamwork; the Americans hung together and were not hanged.
ANA to Offer Free Numismatic Webinars During National Coin Week
National Coin Week (NationalCoinWeek.org), April 18-24, the
American Numismatic Association (ANA) is offering free online eLearning Academy webinars that tie into the theme of this year’s event, “Money, Big & BOLD”. Sponsored by the nonprofit ANA, National Coin Week focuses on the historical, cultural, artistic and economic importance of money as well as the enjoyment of coin and paper money collecting.
The theme of the 98th annual event was inspired by the
Morgan dollar,
Peace dollar, and
Eisenhower dollar, all of which have milestone anniversaries in 2021. The daily, one-hour courses begin at 5 p.m. MDT and include:
April 15, 2021
SAN FRANCISCO – The Federal Reserve Bank of San Francisco’s board of directors today announced the search for the Bank’s first vice president and chief operating officer. The incumbent, Mark A. Gould, was recently named the Federal Reserve System’s first chief payments executive.
The first vice president and chief operating officer is integral to the Bank’s pursuit of its vision to be a premier public service organization, and its commitment to reflect and serve every person and community across the Twelfth District.
As the second-ranking officer of the Federal Reserve Bank of San Francisco, the first vice president and chief operating officer not only oversees the Bank’s operations and risk management, but also helps design and execute the strategic direction of the organization while fostering an inclusive and empowering environment where employees can do their best work.