Tag: News

Monday Business Edition is an Open Thread

1 Japan business confidence dives after quake: BoJ

AFP

Mon Apr 4, 1:20 am ET

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

April 4 is the 94th day of the year (95th in leap years) in the Gregorian calendar. There are 271 days remaining until the end of the year.

On this day in 1949,the NATO pact signed

The United States and 11 other nations establish the North Atlantic Treaty Organization (NATO), a mutual defense pact aimed at containing possible Soviet aggression against Western Europe. NATO stood as the main U.S.-led military alliance against the Soviet Union throughout the duration of the Cold War.

Relations between the United States and the Soviet Union began to deteriorate rapidly in 1948. There were heated disagreements over the postwar status of Germany, with the Americans insisting on German recovery and eventual rearmament and the Soviets steadfastly opposing such actions. In June 1948, the Soviets blocked all ground travel to the American occupation zone in West Berlin, and only a massive U.S. airlift of food and other necessities sustained the population of the zone until the Soviets relented and lifted the blockade in May 1949. In January 1949, President Harry S. Truman warned in his State of the Union Address that the forces of democracy and communism were locked in a dangerous struggle, and he called for a defensive alliance of nations in the North Atlantic-U.S military in Korea.NATO was the result. In April 1949, representatives from Belgium, Canada, Denmark, France, Great Britain, Iceland, Italy, Luxembourg, the Netherlands, Norway, and Portugal joined the United States in signing the NATO agreement. The signatories agreed, “An armed attack against one or more of them… shall be considered an attack against them all.” President Truman welcomed the organization as “a shield against aggression.”

Once again I’ll be hosting the Evening Edition while ek hornbeck sets up for tonight’s Women’s Final Four of the NCAA Championship Tournament.

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

April 3 is the 93rd day of the year (94th in leap years) in the Gregorian calendar. There are 272 days remaining until the end of the year.

On this day in 1948, President Harry S.Truman signs Foreign Assistance Act.

President Harry S. Truman signs off on legislation establishing the Foreign Assistance Act of 1948, more popularly known as the Marshall Plan. The act eventually provided over $12 billion of assistance to aid in the economic recovery of Western Europe.

In the first years following the end of World War II, the economies of the various nations of Western Europe limped along. Unemployment was high, money was scarce, and homelessness and starvation were not unknown in the war-ravaged countries. U.S. policymakers considered the situation fraught with danger. In the developing Cold War era, some felt that economic privation in Western Europe made for a fertile breeding ground for communist propaganda.

The Marshall Plan (officially the European Recovery Program, ERP) was the large-scale economic program, 1947-1951, of the United States for rebuilding and creating a stronger economic foundation for the countries of Europe. The initiative was named after Secretary of State George Marshall and was largely the creation of State Department officials, especially William L. Clayton and George F. Kennan. Marshall spoke of urgent need to help the European recovery in his address at Harvard University in June 1947.

The reconstruction plan, developed at a meeting of the participating European states, was established on June 5, 1947. It offered the same aid to the Soviet Union and its allies, but they did not accept it. The plan was in operation for four years beginning in April 1948. During that period some US $13 billion in economic and technical assistance were given to help the recovery of the European countries that had joined in the Organization for European Economic Co-operation. This $13 billion was in the context of a U.S. GDP of $258 billion in 1948, and was on top of $12 billion in American aid to Europe between the end of the war and the start of the Plan that is counted separately from the Marshall Plan.

The ERP addressed each of the obstacles to postwar recovery. The plan looked to the future, and did not focus on the destruction caused by the war. Much more important were efforts to modernize European industrial and business practices using high-efficiency American models, reduce artificial trade barriers, and instill a sense of hope and self-reliance.

By 1952 as the funding ended, the economy of every participant state had surpassed pre-war levels; for all Marshall Plan recipients, output in 1951 was 35% higher than in 1938.[8] Over the next two decades, Western Europe enjoyed unprecedented growth and prosperity, but economists are not sure what proportion was due directly to the ERP, what proportion indirectly, and how much would have happened without it. The Marshall Plan was one of the first elements of European integration, as it erased trade barriers and set up institutions to coordinate the economy on a continental level-that is, it stimulated the total political reconstruction of western Europe.

Belgian economic historian Herman Van der Wee concludes the Marshall Plan was a “great success”:

   “It gave a new impetus to reconstruction in Western Europe and made a decisive contribution to the renewal of the transport system, the modernization of industrial and agricultural equipment, the resumption of normal production, the raising of productivity, and the facilitating of intra-European trade.”

George Catlett Marshall (December 31, 1880 – October 16, 1959) was an American military leader, Chief of Staff of the Army, Secretary of State, and the third Secretary of Defense. Once noted as the “organizer of victory” by Winston Churchill for his leadership of the Allied victory in World War II, Marshall served as the United States Army Chief of Staff during the war and as the chief military adviser to President Franklin D. Roosevelt. As Secretary of State, his name was given to the Marshall Plan, for which he was awarded the Nobel Peace Prize in 1953.

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

April 2 is the 92nd day of the year (93rd in leap years) in the Gregorian calendar. There are 273 days remaining until the end of the year.

On this day in 1513, Ponce de Leon discovers Florida. Near present-day St. Augustine, Spanish explorer Juan Ponce de Leon comes ashore on the Florida coast, and claims the territory for the Spanish crown.

Although other European navigators may have sighted the Florida peninsula before, Ponce de Leon is credited with the first recorded landing and the first detailed exploration of the Florida coast. The Spanish explorer was searching for the “Fountain of Youth,” a fabled water source that was said to bring eternal youth. Ponce de Leon named the peninsula he believed to be an island “La Florida” because his discovery came during the time of the Easter feast, or Pascua Florida.

First voyage to Florida

Ponce de Leon equipped three ships with at least 200 men at his own expense and set out from Puerto Rico on March 4, 1513. The only contemporary description known for this expedition comes from Antonio de Herrera y Tordesillas, a Spanish historian who apparently had access to the original ships’ logs or related secondary sources from which he created a summary of the voyage published in 1601. The brevity of the account and occasional gaps in the record have led historians to speculate and dispute many details of the voyage.

The three ships in this small fleet were the Santiago, the San Cristobal and the Santa Maria de la Consolacion. Anton de Alaminos was their chief pilot. He was already an experienced sailor and would become one of the most respected pilots in the region. After leaving Puerto Rico, they sailed northwest along the great chain of Bahama Islands, known then as the Lucayos. By March 27, Easter Sunday, they reached the northern end of the Bahamas sighting an unfamiliar island (probably Great Abaco).

For the next several days the fleet crossed open water until April 2, 1513, when they sighted land which Ponce de Leon believed was another island. He named it La Florida in recognition of the verdant landscape and because it was the Easter season, which the Spaniards called Pascua Florida (Festival of Flowers). The following day they came ashore to seek information and take possession of this new land. The precise location of their landing on the Florida coast has been disputed for many years. Some historians believe it occurred at St. Augustine; others prefer a more southern landing at a small harbor now called Ponce de Leon Inlet; and some argue that Ponce came ashore even further south near the present location of Melbourne Beach.

After remaining in the vicinity of their first landing for about five days, the ships turned south for further exploration of the coast. On April 8 they encountered a current so strong that it pushed them backwards and forced them to seek anchorage. The tiniest ship, the San Cristobal, was carried out of sight and lost for two days. This was the first encounter with the Gulf Stream where it reaches maximum force between the Florida coast and the Bahamas. Because of the powerful boost provided by the current, it would soon become the primary route for eastbound ships leaving the Spanish Indies bound for Europe.

Evening Edition is an Open Thread

Now with 48 Top Stories.

1 Seven UN workers killed in Afghan Koran protest

AFP

1 hr 15 mins ago

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

April 1 is the 91st day of the year (92nd in leap years) in the Gregorian calendar. There are 274 days remaining until the end of the year. April 1 is most notable in the Western world for being April Fools’ Day.

On this day in 1700, English pranksters begin popularizing the annual tradition of April Fools’ Day by playing practical jokes on each other.

Although the day, also called All Fools’ Day, has been celebrated for several centuries by different cultures, its exact origins remain a mystery. Some historians speculate that April Fools’ Day dates back to 1582, when France switched from the Julian calendar to the Gregorian calendar, as called for by the Council of Trent in 1563. People who were slow to get the news or failed to recognize that the start of the new year had moved to January 1 and continued to celebrate it during the last week of March through April 1 became the butt of jokes and hoaxes. These included having paper fish placed on their backs and being referred to as “poisson d’avril” (April fish), said to symbolize a young, easily caught fish and a gullible person.

Historians have also linked April Fools’ Day to ancient festivals such as Hilaria, which was celebrated in Rome at the end of March and involved people dressing up in disguises. There’s also speculation that April Fools’ Day was tied to the vernal equinox, or first day of spring in the Northern Hemisphere, when Mother Nature fooled people with changing, unpredictable weather.

April Fools’ Day is celebrated all around the world on the April 1 of every year. Sometimes referred to as All Fools’ Day, April 1 is not a national holiday, but is widely recognized and celebrated as a day where everyone plays all kind of joke and foolishness. The day is marked by the commission of good humoured or funny jokes, hoaxes, and other practical jokes of varying sophistication on friends, family members, teachers, neighbors, work associates, etc.

Traditionally, in some countries such as New Zealand, Ireland, the UK, Australia, and South Africa, the jokes only last until noon, and someone who plays a trick after noon is called an “April Fool”.

Elsewhere, such as in France, Italy, South Korea, Japan, Russia, The Netherlands, Germany, Brazil, Canada, and the U.S., the jokes last all day. The earliest recorded association between April 1 and foolishness can be found in Chaucer’s Canterbury Tales (1392). Many writers suggest that the restoration of the January 1 as New Year’s Day in the 16th century was responsible for the creation of the holiday, but this theory does not explain earlier references.

Evening Edition is an Open Thread

1 Japan PM says stricken nuclear plant to be scrapped

by Huw Griffith, AFP

2 hrs 40 mins ago

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

March 31 is the 90th day of the year (91st in leap years) in the Gregorian calendar. There are 275 days remaining until the end of the year.

On this day in 1776, future first lady Abigail Adams writes to her husband urging him to “remember the ladies” when drafting a new “code of laws” for the fledgling nation.

While John Adams participated in the Continental Congress in Philadelphia, Abigail remained at their home in Braintree, Massachusetts, managing their daily affairs in his absence. At the same time that Adams was preparing to publish his “Thoughts on Government” essay, which outlined proposed political philosophy and structures for the new nation, Abigail pondered if and how the rights of women would be addressed in an American constitution.

Women’s rights

Adams was an advocate of married women’s property rights and more opportunities for women, particularly in the field of education. Women, she believed, should not submit to laws not made in their interest, nor should they be content with the simple role of being companions to their husbands. They should educate themselves and thus be recognized for their intellectual capabilities, so they could guide and influence the lives of their children and husbands. She is known for her March 1776 letter to John and the Continental Congress, requesting that they, “…remember the ladies, and be more generous and favorable to them than your ancestors. Do not put such unlimited power into the hands of the Husbands. Remember all Men would be tyrants if they could. If particular care and attention is not paid to the Ladies we are determined to foment a Rebellion, and will not hold ourselves bound by any Laws in which we have no voice, or Representation.

John declined Abigail’s “extraordinary code of laws,” but acknowledged to Abigail, “We have only the name of masters, and rather than give up this, which would completely subject us to the despotism of the petticoat, I hope General Washington and all our brave heroes would fight.”

Braintree March 31, 1776

   Tho we felicitate ourselves, we sympathize with those who are trembling least the Lot of Boston should be theirs. But they cannot be in similar circumstances unless pusilanimity and cowardise should take possession of them. They have time and warning given them to see the Evil and shun it. I long to hear that you have declared an independancy and by the way in the new Code of Laws which I suppose it will be necessary for you to make I desire you would Remember the Ladies, and be more generous and favourable to them than your ancestors. Do not put such unlimited power into the hands of the Husbands. Remember all Men would be tyrants if they could. If perticuliar care and attention is not paid to the Laidies we are determined to foment a Rebelion, and will not hold ourselves bound by any Laws in which we have no voice, or Representation.

   That your Sex are Naturally Tyrannical is a Truth so thoroughly established as to admit of no dispute, but such of you as wish to be happy willingly give up the harsh title of Master for the more tender and endearing one of Friend. Why then, not put it out of the power of the vicious and the Lawless to use us with cruelty and indignity with impunity. Men of Sense in all Ages abhor those customs which treat us only as the vassals of your Sex. Regard us then as Beings placed by providence under your protection and in immitation of the Supreem Being make use of that power only for our happiness.