Ever wonder how "money printing" actually works? This video will guide you through two ways the government can "print" money. One way is through debt monetization and the other is through quantitative easing.
Tuesday, January 07, 2025
Tuesday Morning in the Blogosphere
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Highlights from the 2024 EPPY Award Winners - E&P Magazine
Washington Post Lays Off 4 Percent of Its Work Force - The New York Times
Meta replaces fact-checking with X-style community notes - The Associated Press
Important Events From This day in History January 7th
1953 - H-Bomb
http://www.thepeoplehistory.com/january8th.html
Today in Labor History January 7th
An explosion at Osage Coal and Mining Company’s Mine Number 11 near Krebs, Okla., kills 100, injures 150 when an untrained worker accidentally sets off a stash of explosives - 1892
Novelist, folklorist, dramatist, and anthropologist Zora Neale Hurston wrote in her memoir, Dust Tracks on a Road, that she was born on January 7, 1891, in Eatonville, Florida, the first incorporated black town in the United States. She may have taken creative license with this fact as more recent scholarship indicates she was born in Notasulga, Alabama and probably on January 15th. Hurston did move to Eatonville when she was a toddler and the dialects, customs, and folklore of the people of Eatonville and of rural Florida informed Hurston’s work throughout her career.
Wobbly Tom Mooney, accused of a murder by bombing in San Francisco, pardoned and freed after 22 years in San Quentin - 1939
Famed contralto Marian Anderson made her debut at the Metropolitan Opera in New York City on January 7, 1955, as Ulrica in Verdi’s Un ballo in maschera. She was the first African American to perform with the company.
The presidents of 12 of the nation’s largest unions meet and call for reuniting the American labor movement, which split into two factions in 2005 when seven unions left the AFL-CIO and formed a rival federation. The meeting followed signals from President-elect Barack Obama that he would prefer dealing with a united movement, rather than a fractured one that often had two competing voices. Unions from both sides of the split participated in the meeting. The reunification effort failed, but by mid-2013 four of the unions had rejoined the AFL-CIO - 2009
Monday, January 06, 2025
Howard letterpress prints the news for our latest YouTube milestone
We just reached a social media milestone that we never thought was achievable. The Sacramento History Museum now has over one million subscribers on YouTube! We would have never thought a museum could reach such a following, but we are incredibly thankful for all of those who take the time to watch our videos.
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In this video, Howard letterpress printed the impressive news using our Washington hand press, which was manufactured in 1852!
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Monday Morning in the Blogosphere
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Six tools to elevate your data storytelling - Journalism UK
Veteran journo’s novel calls back old days of print - Print Week
The Daily Catch merges with the Hudson Valley Pilot - E&P Magazine
Scripps renews affiliation agreement with NBC - E.W. Scripps Company
Tennessee refuses to release its new execution manual - Free Speech Center
Important Events From This day in History January 6th
1996 East Coast Blizzard
1996 : One of the worst snow blizzards in US History started with up to 20 inches falling in a single day on the east coast in some areas and heavy wind gusts causing travel to be nearly impossible in many areas , the blizzard lasted for over two weeks causing many schools and other businesses to be closed for up to two weeks and in some areas even the federal government offices were closed for 1 week.
1912 New Mexico
1912 : New Mexico is admitted into the United States as the 47th state
1919 President Theodore Roosevelt
President Theodore Roosevelt passed away. He died in his estate home in Long Island, New York. He had took over office at age 43 after President McKinley was assassinated. He was the youngest president ever to take on the office of President of the United States.
1920 Babe Ruth
The Yankees bought Babe Ruth from the Boston Red Sox. Ruth had played for the Boston Red Sox before this time. Harry Frazee, the owner of the Red Sox was said to be "forced to the sale because he could not meet slugger's salary demands"
1933 Calvin Coolidge
Calvin Coolidge, the 30th President of the United States had died peacefully while in his home called "The Beeches". The cause of his death was a sudden heart attack. He was 60 years old when he had passed away.
1941 Lend-Lease Plan To Support Britain
President Franklin D. Roosevelt asks Congress to support the lend lease plan to Support Britain in it's fight against Germany in Europe stating the "Four Freedoms" must be supported. The act came into force on March 11th 1941 and by the end of October $1 billion in Lend-Lease aid was sent to Britain.
1952 Potatoes
A plan was to go in effect about two weeks after this day. The purpose of this plan was to encourage sellers and growers to get rid of their supplies. The only concern was the possibility of a potato shortage if people purchase large quantities of these potatoes at the new low price that was established.
The current price for potatoes in certain portions of California at this time was about $5.75 per hundredweight of the Grade No. 1 variety. The price after the ceiling effective 19th would be only $3.65 for the same measure.
1961 worst hotel blaze
The worst hotel blaze in 16 years in San Francisco took place on this day. Flames were seen in every window of this 150-story building. Ray Gorman was said to have started this fire and was considered a suspect of manslaughter.
A previous situation had happened in this area in 1944. Arsonist George Holman at this time was charge of 22 counts of First degree murder.
1967 Jackie Robinson
Jackie Robinson, the first African American baseball player had retired on this day. He played for a long time for the Brooklyn Dodgers, and just before he retired at age 38 he was traded to the New York Giants.
1973 Hitlers Car
The car that Hitler was said to have used in a parade march was sold today. The going price at an auction was $153,000,000. This car was a Mercedes-Benz 770K Sedan.
1974 Daylight Saving Time
Daylight Saving Time commences nearly four months early to help in a bid to save energy during the 1973 energy crisis by reducing the requirements for residential lighting, which consumes about 3.5% of electricity in the U.S. and Canada
1977 October Light
John Gardner had written a novel called October Light. For this book he had received the "National Books Critic Circle Award". October Light was published in 1976.
1980 Chrysler Bail Out
Following strong competition from the new Japanese and European car makers President Jimmy Carter authorizes $1.2 billion in federal loans to save the failing Chrysler Corporation
1982 Freeway Killer Convicted
William G. Bonin is convicted in Los Angeles of being the "freeway killer" for the rape and murder of 14 young men and boys. It is believed he raped and killed as many as 36 young men and boys, he was eventually executed via lethal injection for his crimes on February 23rd, 1996.
1983 Gas Tax Increase
1983 : A gas tax increase was proposed by President Ronald Reagan. The intention was that this money would be set aside for national roads and bridges. This issue was one of hot debate at this time-and still is today.
1983 Fishing War
A new fishing grounds war has broken out over the legality of a ban on non British boats from fishing in UK coastal waters, with a Danish trawler captain arrested for illegally entering British waters .
1992 Gel Breast Implants
The Food and Drug Administration urged doctors to stop using silicone gel breast implants until they can be thoroughly evaluated for their safety risks
1994 Nancy Kerrigan
Skater Nancy Kerrigan was about to speak to reporters in Detroit, Michigan when she was suddenly attacked. She was hit in the right knee shortly after practice. Before anyone taking action against the situation, the perpetrator had also smashed a Plexiglas door entrance with the same device he used to hit Kerrigan.
Fortunately her knee was not fractured. However, it was going to be very difficult for Kerrigan to complete the U.S. Figure Skating Championships, which were held during this week. Four men, including the ex-husband of Kerrigan's rival, Tonya Harding, were later sentenced to prison for the assault.
1994 New York Nicks
1994 : The New York Knicks and Dallas made a trade for Western Guard Derek Harper to New York. In return, Forward Tony Campbell plus a 1997 First Round Draft pick was sent to Dallas.
1995 Project Bojinka
A chemical fire caused during bomb making testing in the Doña Josefa Apartments complex in Manila, Philippines, leads to the discovery of plans for Project Bojinka, a mass-terrorist attack to blow up eleven airliners and their approximately 4000 passengers.
2000 UK Major Flu Outbreak
A major flu outbreak in the UK causes problems with NHS hospitals stretched to the limit, many hospitals have been forced to cancel all non-emergency surgery and many hospitals intensive care beds are full and are now facing a shortage of beds, the outbreak is being blamed on the poor take up of of flu vaccine shots.
2001 George W. Bush Wins
After a five-week long debate regarding Florida voting ballots, George W. Bush was finally declared official winner of the Presidential election. This was one of the closest presidential election races in U.S. history.
2005 Edgar Ray Killen arrested
2005 : Over 40 years after the murder of three civil rights workers were murdered in Philadelphia, Mississippi the former Ku Klux Klan leader Edgar Ray Killen is arrested. On June 21, 2005 41 years to the day the murders took place he was found guilty of three counts of manslaughter and sentenced to 20 years for each manslaughter.
2006 China Worst Storm In 25 Years
Western China is facing it's worst winter in more than 20 years with temperatures reaching -43C and more than 2 ft of snow, transport and infrastructure has been badly effected and more than 100,000 people have been evacuated after their homes collapsed under heavy snow.
2008 QE2 final world trip
One of the icons of the Passenger Liner industry Cunard's QE2 departs from her home port of Southampton on her final round the world cruise, following finishing the cruise and decommissioning the QE2 will become a floating hotel in Dubai.
2009 Europe Gas Supplies Affected By Russia - Ukraine Dispute
As the dispute between Russia and the Ukraine continues over Gas Supplies. European countries who are reliant on the gas begin to feel the affects, countries affected include Latvia, Slovakia, Finland, Estonia, Bulgaria, Lithuania, Czech Republic, Greece, Austria and Hungary, all these countries rely 50% or more on the Gas flowing through the Ukraine from the large Russian Gas supplier Gazprom, even countries who do not rely fully on Gas supplies from Russia are now being affected including Italy and Turkey. Currently negotiations between Russia and the Ukraine are stalled.
2011 Witches Curse Romania Government
2011 : The Romanian government reformed their tax code to include such occupations as fortune teller, astrologer, and witch into the category of self-employed, forcing those who identify as such to pay taxes for the first time. This action prompted some self-identifying witches to threaten to curse the government for their actions, while others praised the government for the official recognition of their crafts.
2012 Former Prime Minister Yulia Tymoshenko's Husband Granted Political Asylum
The husband of former Ukrainian Prime Minister Yulia Tymoshenko was granted political asylum in the Czech Republic after his wife was controversially sentenced to seven years in prison and jailed for abuse of power.
2013 Pakistan Drone Attack Kills Militants
2013 : A US drone attack in South Waziristan killed eight suspected militants according to officials in Pakistan.
2014 Dennis Rodman Visits North Korea
2014 : Former basketball player Dennis Rodman arrived in North Korea with a team of other former NBA players for a game that would mark Leader Kim Jong-Un's birthday. Rodman has been criticized for failing to address human rights issues in the country and claims that he is friends with the North Korea leader. The United States government has made it evident that Rodman does not represent US interests in the country.
Today in Labor History January 6th, 2024
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The Toronto Trades and Labour Council endorses the principle of equal pay for equal work between men and women - 1882
Eight thousand workers strike at Youngstown Sheet & Tube. The following day the strikers’ wives and other family members join in the protest. Company guards use tear gas bombs and fire into the crowd; three strikers are killed, 25 wounded - 1916
On the afternoon of January 6, 2021, a mob of President Donald Trump’s supporters descend on the U.S. Capitol, attempting to interfere with the certification of electoral votes from the 2020 presidential election.
The rioters assaulted the Capitol police force and ransacked the complex, destroying property and sending members of Congress and their staff into hiding in offices and bunkers. A protester who was shot by police, died in the chaos and more than 100 police were injured.
At noon on January 6, at a rally on the Ellipse one mile from the Capitol in Washington, D.C., Trump claimed election fraud and called on Vice President Pence to overturn the 2020 election results by refusing to certify certain electoral votes. Trump told his assembled supporters, "We’re going to walk down to the Capitol" and “if you don't fight like hell, you're not going to have a country anymore.”
Near the conclusion of his speech, several thousand attendees began marching towards the U.S. Capitol, where a crowd had assembled and was clashing with police. By 2 p.m., the rioters broke through the police barricades. The mob then entered the Capitol building, with some rioters smashing through windows and doors. Soon after, both the Senate and House of Representatives—which were in the middle of debating a Republican objection to Arizona’s electoral votes—adjourned. Vice President Pence and his family were immediately evacuated from the Senate chambers. Some members of Congress were escorted to an underground bunker while others barricaded themselves in offices or sheltered in place in the House chamber.
Friday, January 03, 2025
Today in Labor History
January 03
The ship Thetis arrives in Hawaii with 175 Chinese field workers bound to serve for five years at $3 per month - 1852
Wobbly Tom Mooney tried in San Francisco for Preparedness Day bombing - 1917
In a familiar scene during the Great Depression, some 500 farmers, Black and White, their crops ruined by a long drought, march into downtown England, Ark., to demand food for their starving families, warning they would take it by force if necessary. Town fathers frantically contacted the Red Cross; each family went home with two weeks’ rations - 1931
The Supreme Court rules against the closed shop, a labor-management agreement that only union members can be hired and must remain members to continue on the job - 1949
AFL-CIO American Institute for Free Labor Development employees Mike Hammer and Mark Pearlman are assassinated in El Salvador along with a Peasant Workers’ Union leader with whom they were working on a land reform program - 1981
Important Events From This day in History January 3
1969 John Lennon album Two Virgins
1969 : A new album by John Lennon called Two Virgins featuring John Lennon and Yoko Ono in the nude are confiscated at Newark Airport and are not allowed to be sold in the US , also vice squad officers closed down a record store in Chicago displaying the Album due to it being considered pornographic.
1870 Brooklyn Bridge
Construction work begins on the Brooklyn Bridge one of the oldest suspension bridges in the United States connecting the boroughs of Manhattan and Brooklyn by spanning the East River.
1921 Studebaker
The Studebaker Corporation has decided to no longer manufacture farm wagons. This company had been making these wagons since the year 1852. In 1902, the company had begun producing electric cars and then in 1904 they started producing gas-powered vehicles.
In 1954 the Studebaker Corporation merged with Packard Motor Company. Production of all Studebaker automobiles had officially ended in 1966 in Canada (1963 in U.S.).
1924 Pharaoh Tutankhamen Mummy Located
A precious treasure was found located near Luxor, Egypt, where King Tut's tomb was discovered two years prior. This special object was a stone sarcophagus, which contained a mummy inside of Pharaoh Tutankhamen of Egypt.
1925 Benito Mussolini
Following his election as the Italian leader in 1922 Benito Mussolini the leader of the National Fascist Party in 1925 he declares he is taking dictatorial powers over Italy ending elections
1926 Pontiac Introduced
1926 : This was the day that the General Motors introduced a new make of car to the market. It was called the Pontiac. Numerous models of this vehicle are still driven today.
1938 March of Dimes Foundation Founded
Franklin Delano Roosevelt himself a victim of polio, founds the National Foundation for Infantile Paralysis, which was later renamed the March of Dimes Foundation. March Of Dimes TimeLine
1940 Southland Shuffle
Charlie Barnet and his Orchestra records the would-be hit "Southland Shuffle" for Bluebird Records. The famed Billy May was featured as the trumpet player on the album
1946 Lord Haw Haw Hung For High Treason
William Joyce, (Lord Haw Haw), was hanged in Britain for high treason. He had broadcast Nazi propaganda telling the British and American soldiers to surrender with the first words of every broadcast beginning with the words "Germany calling, Germany calling, Germany calling".
1949 Colgate Theatre
The Colgate Theatre was born, and a series of productions entitled by the same name (Colgate Theatre) were put on. Television adaptations of radio shows such as Vic and Sade and Mr. and Mrs. North were also created. Colgate Theatre is located on the Colgate University in Hamilton, New York. This company still puts on quite a few productions.
1949 Closed Shop Outlawed
The Supreme Court ruled that states held the right to outlaw the closed shop, this was one of the most important laws passed re: labor Law and changed the balance of power between labor and Business
1959 Alaska
Alaska became the 49th state of the United States of America. A new U.S. flag of 13 stripes and 39 stars waved in the air.
1961 U.S.A. Cuba Relationship
The relationship between United States and Cuba rapidly deteriorated and President Dwight D. Eisenhower closed the American Embassy that was located in Havana, Cuba. No longer did the United States and Cuba have diplomatic relations.
The primary reason why the United States had pulled out of Cuba at this time was to take a stand against the regime of Fidel Castro. The U.S. government was very concerned that this communist movement could spread to western countries such as the U.S.A. (or Canada, or others).
The decline of peace between U.S. and Cuba had actually started since 1959. This was when Castro first stepped into office.
1962 Cuba
Prime Minister , the leader of Cuba at this time, was excommunicated from the Catholic Church. Other official leaders of Cuba's communist regime of this time were thrown out as well. He was thrown out for violating a large number of the Roman Catholic Church's Code of Canon Law.
1965 Vietnam War
Thousands of antigovernment demonstrators in Saigon clash with government marines and police over concern that American influence in South Vietnam was increasing.
1967 Jack Ruby Dies
Jack Ruby, John F. Kennedy's accused killer dies in Parkland Hospital in Dallas, Texas. This is the same hospital where John F. Kennedy and Oswald had been pronounced dead.
It was reported that Jack Ruby had died of cancer which had spread to his lymph glands, lungs, and pancreas. Even until up to his death he had denied having any connection with the JFK conspiracy-and very strongly insisted that he had nothing to do with it.
It is also reported that Jack Ruby was the one who was allegedly responsible for Oswald Chamber's death. It was believed at this time that the reason that Chambers "had to go" too was to "keep him quiet".
1977 Apple Computer Incorporated
Apple Computer is incorporated 6 months after Apple had begun selling it's Apple I personal computer kit for $666.66 created by Steve Jobs and Steve Wozniak.
1980 Soviet Invasion Afghanistan
The new president of Afghanistan leader defends the Soviet invasion and coup last week stating Soviet troops are defending his country "against outside threats".
1990 Matthew Stuart
1990 : Matthew Stuart said his brother Charles was the one who killed Carol Stuart, who was Charles' wife. Charles had fled when he found out his brother Matthew was going to testify against him. He had ended up taking his own life while driving over the Mystic River.
Originally William Bennett, an ex-con was charged of the murder as a result of a joke cracked by his nephew. Later Bennett was released.
1993 Start II
US President George Bush, and Russian Boris Yeltsin, have signed the second Strategic Arms Reduction Treaty Start II - in Moscow which will cut the number of nuclear warheads they have by between 3,000 and 3,500. ( currently both have about 10,000 nuclear war heads each )
1999 U.S. Midwest blizzards
One of the worst blizzards ever took place in the Midwestern United States leaving 14 inches in Milwaukee and 19 inches in Chicago. People had to dig themselves out of this storm after suffering the affects heavy wind and snow. This storm lasted for three days and 100 people had died.