Browsing: Business and Economics

A Brief History On December 30, 2009, the Lanzhou–Zhengzhou–Changsha diesel oil pipeline in Shaanxi, China, suffered a rupture and spilled about 40,000 gallons of fuel into the Wei River and on to the Yellow River.  An environmental disaster, but at least nobody was killed. Digging Deeper Transporting oil, other liquids, and gasses that might be toxic or flammable is dangerous, regardless of the manner of transport.  Trains, trucks, ships, and pipelines are susceptible to accidents, natural disasters, and sabotage, and have all suffered disasters. Some notable pipeline disasters include the LaSalle Heights, Quebec natural gas explosion in 1965 that left…

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A Brief History On December 27, 1935, Regina Jonas was ordained as the first female Rabbi in the Jewish faith.  Born in Germany in 1902, she died during the Holocaust at Auschwitz in 1944, although her legacy lives on. Digging Deeper Women have made inroads to formerly forbidden jobs, but there are still many areas where the fairer sex has yet to achieve certain status.  Some of those positions not yet achieved by a woman include President of the US, which is probably overdue considering over 60 countries have had a woman as head of state or head of government,…

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A Brief History On December 26, 2023, hordes of recipients of unwanted Christmas gifts will start the annual pilgrimage to the stores to return those disliked gifts.  Traditionally, people make fun of fruitcake as a disliked gift, but we go further and list some of the most disliked gifts, although lists you find vary considerably.  What gifts do you dislike the most? Digging Deeper Candles, as apparently folks like to pick their own fragrances. Clothes and Shoes, especially baby and toddler clothes. Exercise equipment and weight loss related items are often seen as an insult. Glassware and coffee cups since…

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A Brief History On December 24, 1913, someone, either as a prank or as an evil way of messing with the crowd, yelled, “Fire!” in the crowded Italian Hall in Calumet, Michigan.  The Christmas party turned tragic when 73 people died in the crush to escape the false fire. Digging Deeper When discussing “Freedom of Speech,” the example of falsely calling out “Fire!” in a crowded place is often cited as an exception.  Some other exceptions include: Counterfeit currency. False advertising and speech that is copyrighted or otherwise owned by another. False statements, which include Slander and Libel, the spoken…

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A Brief History On December 22, 1975, President Gerald Ford ordered a national stockpile of oil, or petroleum if you prefer, be created in underground storage located in Texas and Louisiana.  The stockpile would consist of as many as 714 million barrels of oil and would be there if a national crisis mandated its use. Digging Deeper During the October 1973 Arab-Israeli War, Arab and Muslim oil producing countries followed Saudi Arabia’s lead to embargo oil from nations aiding Israel, most notably the United States.  International oil prices soared from an average of $3 per barrel to $12 per barrel…

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