Tag: 2006

The 21st Century Conflict in Israel

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Since the 2006 Israeli democratic election, Gaza, Israel has been controlled by Hamas, a militant Islamic group considered terrorists by Israel and allied western governments. Since 2006, Gaza has experienced and endured a Palestinian civil war referred to as the “Fatah Hamas Conflict”, 3 conflicts between Hamas and Israel, 10 years of strict Hamas rule, and blockade by Israel and Egypt. Israelis and Palestinians have endured endless cycles of violence and political ideological change, with the latest large conflict lasting 7 weeks in 2014 killing 2000 people, 500 of them children, and decimating 18,000 homes

The Universal Income Tax Bracket of U.S. Hedge Fund Managers

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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

The Rationale Behind the Iconic Mask of Anonymous

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In 2008, the Anonymous hacktivism group staged mass protests across multiple cities worldwide. Because participating members were in need of adopting a physical disguise as they would be shifting from the online world into the physical world, early members of Anonymous spent the proceeding 48 hours calling comic book retailers, costume retailers, toy retailers etc. looking for identical disguises which could be purchased en masse for a reasonable price point. As it turned out, each one of these retailers had overstock of Guy Fawkes masks, most of them sitting in external storage and heavily discounted as no one wanted them after the release of the V for Vendetta film released in 2006, a rare miscalculation by manufacturers and retailers. Strangely, the iconography of the Anonymous organization was birthed out of an accidental fluke of overstock