Browsing: Business and Economics

A Brief History Because the Northeast blackout of August 14–16, 2003 came only two years after the terrorist attacks of September 11, 2001, the first thought in the minds of many people was that a terrorist attack had occurred.  Of course, the US government quickly reassured the public that no such attack had taken place, even though they did not have an answer as to why the outage occurred. Digging Deeper The problem turned out to be a software bug in the portion of the electrical grid controlled by FirstEnergy, an Akron, Ohio based electrical utility.  Tree branches contacting power…

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A Brief History On August 5, 2010, 33 Chilean miners were trapped underground 2300 feet deep in a copper and gold mine, an incredible 3 miles from the entrance to the mine. Their lives certainly seemed to be over, but 69 days later they emerged, alive! Digging Deeper The incident, called the Copiapó mining accident, received frantic efforts by the mine’s owners and then the national mining company to save the miners.  Little hope remained 17 days later as rescuers continued to drill exploratory holes to locate the lost men, when rescuers were startled to find a note attached to…

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A Brief History On July 4th, 2022, Americans celebrate their Independence Day, a holiday that signifies their freedom.  During the month of June 2015, Americans experienced a host of developments in the expansion of this freedom, so we of course featured an article about those changes.  In any case, to paraphrase Bob Dylan, the times sure were a-changin’ in June 2015, and here in 2022, those times STILL are a changin’! Digging Deeper Since 1991, when the Soviet Union collapsed and it seemed as if the Cold War was over, we have all lived under the belief that nuclear war…

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A Brief History On April 12, 2009, the East African nation of Zimbabwe gave up entirely on its troubled currency, the Zimbabwean Dollar, using various foreign currencies in place of the worthless national money.  Many countries have come and gone, and their forms of currency with them, while other nations have changed their national currency for a variety of reasons.  Today we take a look at some of the interesting monetary changes that have occurred in recent history.  What currency would you add to this list? Digging Deeper Zimbabwean Dollar replaced with Real Time Gross Settlement Zimbabwe Dollar (2019) Africa…

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A Brief History On April 5, 2010, the Upper Big Branch coal mine in West Virginia suffered a collapse, killing 29 of the 31 men working at the site.  The tragedy was the worst US mine disaster since 1970, and resulted in the Massey Energy Company being issued 369 citations for failing to follow proper mine safety laws. Digging Deeper Coal mining is hard, dirty work, and the miners are always at risk for catastrophic accidents and cave ins, especially when safety regulations are not followed exactly.  Even without spectacular accidents, the long term effects of coal dust in the…

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