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🔗 United States/U.S. Government 🔗 United States 🔗 Philately

The Office of Censorship was an emergency wartime agency set up by the United States federal government on December 19, 1941 to aid in the censorship of all communications coming into and going out of the United States, including its territories and the Philippines. The efforts of the Office of Censorship to balance the protection of sensitive war related information with the constitutional freedoms of the press is considered largely successful. The agency's implementation of censorship was done primarily through a voluntary regulatory code that was willingly adopted by the press. The phrase "loose lips sink ships" was popularized during World War II, which is a testament to the urgency Americans felt to protect information relating to the war effort. Radio broadcasts, newspapers, and newsreels were the primary ways Americans received their information about World War II and therefore were the medium most affected by the Office of Censorship code. The closure of the Office of Censorship in November 1945 corresponded with the ending of World War II.

🔗 United States 🔗 Finance & Investment 🔗 Economics 🔗 Business

The Panic of 1907 – also known as the 1907 Bankers' Panic or Knickerbocker Crisis – was a financial crisis that took place in the United States over a three-week period starting in mid-October, when the New York Stock Exchange fell almost 50% from its peak the previous year. Panic occurred, as this was during a time of economic recession, and there were numerous runs on banks and trust companies. The 1907 panic eventually spread throughout the nation when many state and local banks and businesses entered bankruptcy. Primary causes of the run included a retraction of market liquidity by a number of New York City banks and a loss of confidence among depositors, exacerbated by unregulated side bets at bucket shops.

The panic was triggered by the failed attempt in October 1907 to corner the market on stock of the United Copper Company. When this bid failed, banks that had lent money to the cornering scheme suffered runs that later spread to affiliated banks and trusts, leading a week later to the downfall of the Knickerbocker Trust Company—New York City's third-largest trust. The collapse of the Knickerbocker spread fear throughout the city's trusts as regional banks withdrew reserves from New York City banks. Panic extended across the nation as vast numbers of people withdrew deposits from their regional banks. It is the 9th largest decline in U.S. stock market history.

The panic might have deepened if not for the intervention of financier J. P. Morgan, who pledged large sums of his own money, and convinced other New York bankers to do the same, to shore up the banking system. This highlighted the impotence of the nation's Independent Treasury system, which managed the nation's money supply yet was unable to inject liquidity back into the market. By November, the financial contagion had largely ended, only to be replaced by a further crisis. This was due to the heavy borrowing of a large brokerage firm that used the stock of Tennessee Coal, Iron and Railroad Company (TC&I) as collateral. Collapse of TC&I's stock price was averted by an emergency takeover by Morgan's U.S. Steel Corporation—a move approved by anti-monopolist president Theodore Roosevelt. The following year, Senator Nelson W. Aldrich, a leading Republican, established and chaired a commission to investigate the crisis and propose future solutions, leading to the creation of the Federal Reserve System.

🔗 United States 🔗 Companies 🔗 Taxation

Companies of the United States with untaxed profits deals with those U.S. companies whose offshore subsidiaries earn profits which are retained in foreign countries to defer paying U.S. corporate tax. The profits of United States corporations are subject to a federal corporate tax rate of 21%. In principle, the tax is payable on all profits of corporations, whether earned domestically or abroad. However, overseas subsidiaries of U.S. corporations are entitled to a tax deferral of profits on active income until repatriated to the U.S., and are regarded as untaxed. When repatriated, the corporations are entitled to a foreign tax credit for taxes (if any) paid in foreign countries.

Retaining such profits offshore may be regarded as a tax strategy. Many corporations have accumulated substantial untaxed profits offshore, especially in countries with low corporate tax rates. In recent years it has been estimated that untaxed profits range from US$1.6 to $2.1 trillion. The Wall Street Journal noted that the "[u]ntaxed foreign earnings are part of a contentious debate over U.S. fiscal policy and tax code." The profits earned abroad and retained there are subject to a foreign exchange risk, besides other financial risks.

The downside of a strategy of retaining profits offshore is that corporations may want or need to pay dividends to shareholders, or to make investments in the United States, besides other reasons. The alternative may be to borrow funds in the U.S., or access the funds retained offshore in the form of inter-company loans.

The Tax Cuts and Jobs Act of 2017 (TCJA) imposed a one time tax on these offshore profits at 8% (non-cash) and 15.5% (cash) respectively. The Act also includes a provision that taxes all foreign profits in the US in the year they are earned ending the ability of US companies to defer paying US tax on unrepatriated earnings.

🔗 United States 🔗 Food and drink 🔗 Food and drink/Foodservice

The Pizza Meter refers to sudden increases of pizza orders from U.S. government offices, such as the White House and The Pentagon, before large events such as the Iraqi invasion of Kuwait, the Panama Invasion, and the Grenada invasion.

On the night of August 1, 1990, the night before the Iraqi invasion of Kuwait, military personnel at The Pentagon came together to discuss issues in the Middle East. According to Frank Meeks, the owner of Washington, D.C.'s Domino's Pizza franchise of 45 restaurants, the CIA ordered a record-breaking 21 pizzas from Domino's that night. Between January 7 to January 16, 1991, the number of pizza deliveries to the Pentagon past 10 p.m reached 101, with another 55 pizzas delivered to the White House on January 16 between 10 p.m. and 2 a.m.

Meeks tied the influx of pizza orders from the Pentagon, White House, and the CIA to oncoming major announcements from the White House, publicizing his observations. Consequently, the public nicknamed the event "The Pizza Meter". Shortly after Meeks' comments were released, government offices no longer ordered from Domino's branches in Washington, opting to buy pizza at separate times or at different pizza joints.

🔗 United States 🔗 Espionage 🔗 Law Enforcement

LOVEINT is the practice of intelligence service employees making use of their extensive monitoring capabilities to spy on their love interest or spouse. The term was coined in resemblance to intelligence terminology such as SIGINT, COMINT or HUMINT.

🔗 United States 🔗 Media 🔗 Popular Culture 🔗 Georgia (U.S. state) 🔗 United States/United States Presidents 🔗 Animals in media

The Jimmy Carter rabbit incident, sensationalized as the "killer rabbit attack" by the press, involved a swamp rabbit (Sylvilagus aquaticus) that swam toward then-U.S. President Jimmy Carter's fishing boat on April 20, 1979. The incident caught the imagination of the media after Carter's press secretary, Jody Powell, mentioned the event to a correspondent months later.

Political opponents argued that the incident was symbolic of Carter's purported weakness. According to Powell, anti-Carter political commentators went so far as to blame it for the Soviet invasion of Afghanistan and the Iran hostage crisis.

🔗 United States

The expert wizard amendment was a proposed amendment by New Mexico state senator Duncan Scott, which would require psychologists and psychiatrists to dress up as wizards when they were in court proceedings providing expert testimony regarding a defendant's competency. The amendment, proposed in 1995, passed New Mexico's Senate unanimously. Scott revealed the amendment was satirical prior to a vote in New Mexico House of Representatives following which it was removed and thus never signed into law.

Scott said that he crafted the amendment because he felt that there were an excessive number of mental health practitioners acting as expert witnesses.

🔗 United States 🔗 Computing 🔗 Marketing & Advertising 🔗 Microsoft 🔗 United States/American television

“Where do you want to go today?” was the title of Microsoft’s second global image advertising campaign. The broadcast, print and outdoor advertising campaign was launched in November 1994 through the advertising agency Wieden+Kennedy. The campaign had Microsoft spending $100 million through July 1995, of which $25 million would be spent during the holiday shopping season ending in December 1994.

Tony Kaye directed a series of television ads filmed in Hong Kong, Prague and New York City that showed a broad range of people using their PCs. The television ads were first broadcast in Australia on November 13, the following day in both the United States and Canada, with Britain, France and Germany seeing the spots in subsequent days. An eight-page print ad described the personal computer as “an open opportunity for everybody” that “[facilitates] the flow of information so that good ideas—wherever they come from—can be shared”, and was placed in mass-market magazines including National Geographic, Newsweek, People, Rolling Stone and Sports Illustrated.

The New York Times described the campaign as taking “a winsome, humanistic approach to demystifying technology”. However, the Times reported in August 1995 that the response to Microsoft’s campaign in the advertising trade press had been “lukewarm” and quoted Brad Johnson of Advertising Age as stating that “Microsoft is on version 1.0 in advertising. Microsoft is not standing still. It will improve its advertising.” Microsoft’s Steve Ballmer, then the firm’s executive vice president, acknowledged that the response to the campaign had been “chilly”.

In June 1999, Microsoft announced that it would be ending its nearly five-year-long relationship with Wieden+Kennedy, shifting $100 million (~$166 million in 2022) in billings to McCann Erickson Worldwide Advertising in a split that was described by The New York Times as mutual. Dan Wieden, president and chief creative officer of the advertising agency, characterized the relationship with Microsoft as “intense” and said that it had “run its course”.

🔗 United States 🔗 Socialism 🔗 Urban studies and planning 🔗 Cooperatives 🔗 United States/Washington - Seattle 🔗 Micronations 🔗 United States/Washington 🔗 Anarchism 🔗 Black Lives Matter

The Capitol Hill Autonomous Zone (CHAZ or the Zone), also known as Free Capitol Hill, is a self-declared intentional community and commune of around 200 residents, covering about six city blocks in the Capitol Hill neighborhood of Seattle, Washington. The zone was established on June 8, 2020 after the East Precinct was abandoned by the Seattle Police Department.

🔗 United States 🔗 Law

Hush-A-Phone v. United States, 238 F.2d 266 (D.C. Cir. 1956) was a seminal ruling in United States telecommunications decided by the D.C. Circuit Court of Appeals. Hush-A-Phone Corporation marketed a small, cup-like device which mounted on the speaking party's microphone, reducing the risk of conversations being overheard and increasing sound fidelity for the listening party. At the time, AT&T had a near-monopoly on America's phone system, even controlling the equipment attached to its network. In this era, Americans had to lease equipment from "Ma Bell" or use approved devices. At this time Hush-A-Phone had been around for 20 years without any issues. However, when an AT&T lawyer saw one in a store window, the company decided to sue on the grounds that anything attached to a phone could damage their network.

AT&T, citing the Communications Act of 1934, which stated in part that the company had the right to make changes and dictate "the classifications, practices, and regulations affecting such charges," claimed the right to "forbid attachment to the telephone of any device 'not furnished by the telephone company.'"

Initially, the Federal Communications Commission (FCC) ruled in AT&T's favor. It found that the device was a "foreign attachment" subject to AT&T control and that unrestricted use of the device could, in the commission's opinion, result in a general deterioration of the quality of telephone service.