The highest paid hedge fund managers and public equity managers are taxed at 15% which is much lower than virtually all other public income tax rates, because of the U.S.’ income tax code, specifically the “carried interest” provision which states that the income of a hedge fund and/or public equity manager is subject to the tax rate of capital gains, even though unlike normal capital gains, hedge fund managers and public equity managers are not required to risk their own financial capital, as they use the capital of their clients. This law is within U.S. income tax legislation because of the incredible lobbying effort of the private sector financial industry. Since 2006, every democratic president, including Barrack Obama, has strived to close the carried interest legislative loophole. The bill designed to strike down this provision passed the House twice, but consistently falls short of being passed as a bill into law due to pressure from the financial industry, a powerful collective who help raise record amounts of financial capital for the campaigns of members of U.S. politicians
Category: Graphology
International Post Secondary Education at No Cost
All public post secondary institutions within Germany, Iceland, Norway, and Finland are free for both domestic and foreign students. Due to the soaring costs of education within North America, many North American students are opting to study abroad to acquire an education whilst reducing the overall debt associated with post secondary education
Large Technology Corporations Purchasing Competition to Monopolize the Marketplace
Large technology corporations have the ability to analyze potential competitors and acquire them before they have a chance to compete. This is detrimental to consumers as it eliminates competition in the marketplace. Facebook has acquired more then 75 companies (e.g. WhatsApp, Instagram, Lightbox etc. ), Amazon has acquired more than 100 (e.g. Audible, Whole Foods, Ring etc.), and Alphabet, the umbrella organization which owns Google, has acquired more than 200 (e.g. Picasa, YouTube, Songza etc.). In 2010 and 2011, these technology juggernauts were acquiring competition at a rate of more than 1 company per week
The U.S.’ Attempt to Combat Fraudulent Currency in 2013
The U.S. $100.00 note was updated in 2013 to employ better and more advanced security measures. The $100.00 bill released in 2013 was a marvel of engineering which included the portrait watermark from the 1996 rendition, as well as the security strip which glows under ultraviolet light. In addition to these security features, color shifting ink was employed upon the bell which appears in the bottom right hand corner next to the text which states “100”, microprinting was implemented on Benjamin Franklin’s jacket cuff to inscribe “The United States of America”, “USA100” around the blank space containing Franklin’s portrait, “ONEHUNDREDUSA” along the golden quill, small 100’s in the notes borders, and a three dimensional ribbon which causes the bill to change its bell icons into text which states “100” when tilting the bill either up or down while continuing to focus upon the blue ribbon shown
The Etymology of the “Merry Christmas” Greeting
The greeting “Merry Christmas” was created in 1534 in London, England when it was written formally in a letter sent to King Henry VIII’s chief minister Thomas Cromwell from Bishop John Fisher. The letter states, “and thus our Lord God send you a mery [sic] Christmas, and a comfortable, to your heart’s desire” sent December 22, 1534
How Card Counting Works and How to Identify Hot Streaks When Gambling
Counting cards is quite simple, as long as ones memory is sharp. Low cards (e.g. 1, 2, 3, 4, 5, and 6) are assigned a value of +1, mid cards (e.g. 7, 8, and 9) have a value of 0, and high cards (e.g. 10, jack, queen, king, and ace) have a value of -1. The player counting desires a positive count as it indicates multiple high cards in the deck and on their way toward the table. Counts above +7 is when a table is considered hot providing the player with multiple good hands in succession. Streaks although appearing random, occur in a wave like function, so when a down streak is observed, smaller bets should be placed until a hot streak is observed at which time higher bets should be placed
The Advent of Oil Paint Storage Changing Artwork and the First Artist to Begin Painting Outdoors
Tubed oil paint became available in 1841, superseding the traditional methods of storing paint in pigs bladders and glass syringes, which made traveling to a location and/or painting outside, suddenly possible, so that aspects of light and shadow would not have to be manufactured as with classical paintings, but rather they could be painted exactly as the artist laid witness to them. Claude Monet was the first Impressionist artist to start painting outdoors during the mid 19th century, often painting in the public’s view, outdoor scenery like The Manneporte which he painted in 1885
The Etymology of “Tetris” and the Block Shapes Available to Players
The videogame Tetris was named as such due to its creator, Alexey Pajitnov, amalgamating the Ancient Greek prefix “tetra” which means “4”, a direct reference to the various block shapes of Tetris which always have 4 cubes, and the term “tennis” as this was Pajitnov’s favorite sport. The shapes are referred to as “tetrominoes” and consist of an S-shape, Z-shape, T-shape, L-shape, line-shape, 7-shape, and a square-shape
The Craft of Venetian Mask Manufacturing for the Italian Festival of Carnival
Masks have been part of Venetian culture since at least the 12th century A.D. as it was in 1162 that the first Carnival festival occured, a city wide celebration which marks the period prior to Lent. Up until 500 years ago, classic Venetian masks were constructed of papier-mâché, a medium that some Venetian mask artists still utilize during the modern day. Strips of papier-mâché are laid into a mold made of resin and layer by layer they are covered in glue. All materials are designed to be non-toxic. When a mask is complete, artisans use scalpel blades to cut out the eyes and any rough pieces remaining (e.g. edges etc.). Once a mask dries, it is decorated with beautiful colors and artwork (e.g. floral arrangements etc.). This is often performed freehand with a pencil. Masks are then painted using beautifully ornate colors (e.g. blue, red, yellow etc.) and finished by adding accoutrements (e.g. 24 karat gold leaf etc.). The craft was almost lost when Napoleon Bonaparte conquered Venice, Italy in 1797 and banned Carnival and Carnival masks as he believed the event could spark rebellion. Benito Mussolini banned the celebrations once again in the 1930’s. Until the late 1970’s, Carnival was a largely forgotten relic but it has since observed a resurgence within popular culture
The Reason the Entertainment Software Rating Board (ESRB) Was Created in North America
It was the Fatality feature of the Mortal Kombat videogame series that prompted the creation of the Entertainment Software Rating Board, a non-profit organization tasked with reviewing and rating all videogames (e.g. console, online, mobile etc.) made available to North American consumers. The concept of the Entertainment Software Rating Board was created within the U.S. Congress in 1994 and the original intent of the agency was and continues to be, to provide caretakers of minors with pertinent in game information so that they are able to make informed decisions as to the type of content these minors consume