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On Saturday night, October 20, 1973, President Richard Nixon instructed Attorney General, Elliot Richards, to fire Watergate Special Prosecutor Archibald Cox. Elliot Richards though refused to comply with Nixon's command, and instead he resigned. Nixon then instructed Deputy Attorney General, William Ruckelshaus, to fire Cox, but Ruckelshaus also refused to obey, and he resigned. Nixon then ordered Robert Bork, Solicitor General and the third-most-senior official at the Justice Department, to...
Rosa Parks and her husband Raymond lost their jobs in the backlash from Montgomery, Alabama’s successful bus boycott to end segregation on that city’s buses. In the late 1950’s, the couple moved to Detroit, Michigan, in search of better jobs. There, in 1964, Rosa offered her opinion. “I don’t feel a great deal of difference here from Alabama,” she said. “Housing segregation is just as bad, and it seems more noticeable in larger cities.” By Rosa’s words and actions, one can see the circumstances...
In Bill Bryson’s 2003 book, A Short History of Nearly Everything, he writes, “If your two parents had not bonded when they did—possibly to the second—you wouldn’t be here.” Your existence also depends upon countless exact bondings between your grandparents, great-grandparents, all of your forefathers back thousands of years. Bryson has counted up all the people required to make you, You. He says that “if you count back sixty-four generations, to the time of the ancient Romans, the number of peo...
On February 15, 1865, General Beauregard of the Confederate States Army ordered the evacuation of all Confederate forces from Charleston, South Carolina. He knew that his army could not stop General William T. Sherman’s Union troops from capturing Charleston on their march north. Union forces detested South Carolina. It was the first state to secede from the Union, in December of 1860, and it was there, at Fort Sumter, in Charleston harbor, that the Civil War had begun in April of 1861, when r...
On February 15, 1865, General Beauregard of the Confederate States Army ordered the evacuation of all Confederate forces from Charleston, South Carolina. He knew that his army could not stop General William T. Sherman's Union troops from capturing Charleston on their march north. Union forces detested South Carolina. It was the first state to secede from the Union, in December of 1860, and it was there, at Fort Sumter, in Charleston harbor, that the Civil War had begun in April of 1861, when...
On May 14, 1948, David Ben-Gurion proclaimed Israel's Declaration of Independence. He said that the new State of Israel will "uphold the full social and political equality of all its citizens, without distinction of religion, or race." Despite Ben-Gurion's promise, war broke out between Arab and Jew. Fearing the worst, the native Palestinian people panicked. They packed their bags, and fled their homes, their villages, expecting to return in days or months, never imagining that their move was...
After Congress and enough states ratified the thirteenth amendment that terminated slavery, Congress passed the Civil Rights Act of 1866. This law declared that “all people born in the United States are entitled to be citizens, without regard to race, color, or previous condition of slavery or involuntary servitude.” The Act equated birth to citizenship. President Andrew Johnson vetoed that Civil Rights Act, but then on April 5, 1866, the Senate, overrode his veto by a two-thirds majority. The...
If one of your New Year’s resolutions is to get healthier, you may already be taking the necessary steps, such as improving your diet and increasing your exercise. Of course, physical fitness is important to your well-being – but, at the same time, don’t forget about your financial fitness. Specifically, what can you do to ensure your investment situation is in good shape? Here are a few “healthy living” suggestions that may also apply to your investment portfolio: Build endurance – Just as exer...
With the arrival of the New Year, many of us will pause and ponder the age-old question: "Who knows where the time goes?" And, as is always the case, none of us really do know. However, wherever the time goes, it will usually be a key factor in your success as an investor. Time can affect how you invest, and the results of your investing, in different ways: Growth potential – Contrary to myth, there's no real way to "get rich quick" when investing. To build wealth, you need patience – and time....
At various times, many people may feel frustrated by the performance of their investments. For example, they expect growth, and they don’t get it — or they think the value of their investment won’t fluctuate much, but it does. However, some of this frustration might be alleviated if investors were more familiar with the nature of their investment vehicles. Specifically, it’s important to keep in mind the difference between long-term and short-term investments. What defines long-term and short-term investments? Long-term investments are those ve...