Was this act the financial downfall for the United States?
The Glass-Steagall Act, also known as the Banking Act, was enacted in 1933, which established bank reforms and FDIC, Federal Deposit Insurance Corporation. This act prohibited banks from engaging in the investment business.
This act was an emergency response mechanism that was put in place because of the multitude of bank failure that occurred during the great depression. Some legislation thought that the act wasn't necessary, so in 1998 the act was repealed.
Many believe that by the repealing of this act, large investment banks were able to make ties within the government.
LINKS:
The assumption that Al Gore's claims to being the founder and inventor of the internet were stated on the late night, David Letterman show. This is an excerpt from Wikipedia.
"Remember America, I gave you the internet, and I can take it away!"
The truth, the internet was not invented by Al Gore, it was invented by a group of researchers from the Advanced Research Projects Agency in the 1950s.
LINKS:
For the issue of carbon tax, I visited the House Legislation website and searched for carbon tax. Many different links came up, but I wasn't able to access any of them...
Under S.15 on January 25,2011, the Senate passed a bill prohibiting the regulation of carbon dioxide emissions. But the catch is, that they won't be enforcing these reductions until China, Russia, and India have reductions to their carbon dioxide emissions.
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Sunday
Shattered Glass Ops
Jessica
Juveniles Confess to ArsonThe boys, whose names cannot be released due to their ages, have been charged with misdemeanors for violating sheriff’s notices concerning public safety. The boys, along with their parents, claimed to have put the fire out when they had left the campsite by smothering it with pine needles. Instead it smoldered after they had left.
The fire had started from a campfire, although signs had been posted saying campfires were illegal in that area. “I’m glad we got this cleared up. I believe that our investigation would have eventually produced those who started this fire. Now we don’t have to go through all of that” said Sheriff Hubert.
Firemen from several states were at the scene to fight the blaze. The estimated damage was three point five million dollars, according to the Ticonderoga County sheriff department.
An estimated 25 people came from out side of the area to help put out of the fire. “This is the worst fire we’ve had in this county in more than a decade. We appreciate the fine work of own fire departments in this county in putting out this blaze and the help we received from our neighbors” said Sheriff Billy Hubert.
The fire burned tree, land, and other parts of the county from two miles east of Highway 14 to the edge of the Ponderosa Valley subdivision, across the southern part of the county. The boys have been released to the custody of their parents, and the hearing in juvenile court is to be held in two weeks from today.
Thursday
History of Media and the Super Bowl
Jessica Trihey
Media
In the year 2011, where media is on the verge of a whole other digital dimension, people associate media with internet, cell phones, and advertisements. Many people know little about it’s history, and the crucial strides taken by those who inhabited this Earth thousands of years earlier. In 4000BC the Indus Valley Civilization, were the first to make paved roads. This may not seem like a form of media, but without this primal step, people would not be in communication thus yielding the expansion for future contact.
The ancient Egyptians were another group of people whose discoveries accelerated the way we communicate today. In 3100BC, Hieroglyphics were being used as a type of record keeping. This was the precursor to written languages, and the spoken language. Soon, other civilizations around the world would be writing on bones, and developing paper. By 1200BC the Greek alphabet was developed, this is the foundation for all written and spoken languages. This phonetic alphabet shows each separate letter with it’s own vowel and consonant. All of these primary inventions aided in the evolution of what would be media today.
There are numerous other things that have aided tremendously in the evolution of media, and communication. Homing pigeons were another means of communication that are often over looked. What is a homing pigeon exactly; you might be wondering? They were used as a sort of messenger between villages to transfer information to one another. In 776BC these birds were being used to deliver the results of the Olympic games; which leads to the next portion in media’s history.
The first Olympic games were probably the most foundational and influential event. The first Olympic games, which took place in 776BC in Olympia, Greece. The games greatly influenced the many sporting events we have today. Although we still have the Olympic games, the hype, and publicity of football, and other mainstream athletic events have grown, thanks to Olympia, Greece in 776BC.
February 6, 2011, the 45th Super Bowl football tournament aired on CBS television. Guessing that the majority of the people sitting on the couch with their chips, nacho cheese, and drinks anticipating the results of the game have never contemplated how exactly this annual monumental sporting event came about; but it is something that should be. So much of our current history is build upon what many others before us have laid out.
The fireworks of 1100BC in China were used as a way of advertisement, and distant communication. The Super Bowl is known for their outrageously expensive, and over dramatized commercials. In this year’s 2011 Super Bowl, commercials on average cost between $2.5 and $3 million dollars per 30 seconds of air time. The high cost of air time insures that people across the country are tuned into their commercials. If you think about the length that the fireworks in China could reach; probably not much further than a few hundred miles, today we are able to communicate with others across the world with one click of a button.
If the people who made the fundamental building blocks for media in our society today could see how far we have come, they probably would have keeled over from shock. To go from only being able to communicate with others from the next near by town, to picking a palm-sized devise and pushing the screen, and being able to talk to someone across the world seems way beyond comprehension. All of this is normal to those who live in today’s society. The break through inventions that are to come might surpass what we could have ever fathomed for technology and media today. We can’t forget about the founding individuals that have paved the way for us to discover new means of communication with one another.
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