Who created the Interstate System? The concept of an Interstate system as we know it was first described in a report to Congress called Toll Roads and Free Roads. The report rejected the toll superhighway network Congress had suggested; revenue from tolls on most segments would not support the bonds issued for their construction. However, the report added that the country needed a toll-free express highway network. MacDonald, Chief of the U. Bureau of Public Roads, and Herbert S. Fairbank, Chief of the agency’s Division of Information, prepared the report. The ideas expressed in the “free roads” portion of the report evolved through further study and experience before approval of the Federal-Aid Highway Act of , but the Interstate System began with MacDonald and Fairbank. Eisenhower called the “Father of the Interstate System”? Although the Federal-Aid Highway Act of authorized designation of a “National System of Interstate Highways,” the legislation did not authorize an initiating program to build it.

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The reason is that central banks react to variables, such as inflation and the output gap, which are endogenous to monetary policy shocks. Endogeneity implies a correlation between regressors and the error term, and hence, an asymptotic bias. In principle, Instrumental Variables IV estimation can solve this endogeneity problem. In practice, IV estimation poses challenges as the validity of potential instruments also depends on other economic relationships.

We argue in favor of OLS estimation of monetary policy rules.

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Parties[ edit ] Founders or stakeholders. Introduce companies to investors. A lead investor , typically the best known or most aggressive venture capital firm that is participating in the investment, or the one contributing the largest amount of cash. The lead investor typically oversees most of the negotiation, legal work, due diligence , and other formalities of the investment. It may also introduce the company to other investors, generally in an informal unpaid capacity.

Co-investors, other major investors who contribute alongside the lead investor Follow-on or piggyback investors. Typically angel investors , rich individuals, institutions, and others who contribute money but take a passive role in the investment and company management The company being funded Law firms and accountants are typically retained by all parties to advise, negotiate, and document the transaction Stages in a venture round[ edit ] Introduction.

Investors and companies seek each other out through formal and informal business networks, personal connections, paid or unpaid finders, researchers and advisers, and the like. The company provides the investment firm a confidential business plan to secure initial interest Private placement memorandum. Non-binding term sheets , letters of intent, and the like are exchanged back and forth as negotiation documents. Once the parties agree on terms, they sign the term sheet as an expression of commitment.

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More than 20 projects mostly Korean were presented at the crypto forum. The event attracted hundreds of visitors and dozens of ICO launchers. Oleg Gervalov demonstrated the design of Datecoin dating service for South Korea and announced token listing at three exchanges, including AllCoin. According to him, the token will enter major Korean and Japanese exchanges in June and July, respectively. The event supported by Korean blockchain community Amble, lasted more than 3 hours and gathered about 30 guests.

DateCoin consultants Ik Song, Jey Lee and Kent Kim have introduced the project to the audience, participated in panel discussions and revealed the project prospects for Korean investors.

Construction Activity on California’s High-Speed Rail Program. The California High-Speed Rail Program is underway. Since , when construction began, there are numerous active construction sites, with more anticipated each year.

In the early 13th century, Mogadishu along with other coastal and interior Somali cities in southern Somalia and eastern Ethiopia came under the Ajuran Sultanate control and experienced another Golden Age. During his travels, Ibn Sa’id al-Maghribi — noted that Mogadishu city had already become the leading Islamic center in the region.

He described Mogadishu as “an exceedingly large city” with many rich merchants, which was famous for its high quality fabric that it exported to Egypt , among other places. He also claimed that the city was a very populous with many wealthy merchants , yet nomad in character. Barbosa also highlighted the abundance of meat, wheat, barley, horses, and fruit on the coastal markets, which generated enormous wealth for the merchants.

They were generally tall with an olive skin complexion, with some being darker. They would wear traditional rich white silk wrapped around their bodies and have Islamic turbans and coastal people would only wear sarongs, and spoke Arabic as a lingua franca. Their weaponry consisted of traditional Somali weapons such as swords , daggers , spears , battle axe , and bows , although they received assistance from its close ally the Ottoman Empire and with the import of firearms such as muskets and cannons.

Most were Muslims, although a few adhered to heathen bedouin tradition; there were also a number of Abyssinian Christians further inland. Mogadishu itself was a wealthy, powerful and well-built city-state, which maintained commercial trade with kingdoms across the world. The metropolis city was surrounded by walled stone fortifications. They dominated the southern ivory trade, and also held sway over the Jubba and Shebelle valleys in the hinterland. The Omani Sultans’ authority in Mogadishu, however, was largely nominal.

Mogadishu under Italian rule Downtown Mogadishu in

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In June , OPM discovered that the background investigation records of current, former, and prospective Federal employees and contractors had been stolen. OPM and the interagency incident response team have concluded with high confidence that sensitive information, including the Social Security Numbers SSNs of Some records also include findings from interviews conducted by background investigators and approximately 5. Usernames and passwords that background investigation applicants used to fill out their background investigation forms were also stolen.

is a resource provided by the U.S. National Library of Medicine. IMPORTANT: Listing a study does not mean it has been evaluated by the U.S. Federal our disclaimer for details.. Before participating in a study, talk to your health care provider and learn about the risks and potential benefits.

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Unacceptable or offers not in compliance with solicitation Comptroller General – Key Excerpts New First, as noted above, the RFP detailed specific requirements for the documentation in proposal volume VI, which included the cover letter and SF With respect to the offeror’s cover letter, the RFP required that the letter “[a]ddresses compliance to all RFP requirements and instructions to include any exceptions to the Terms and Conditions of the solicitation [and be] signed by an officer of the Offeror that is authorized to bind the Offeror’s company.

In DSI’s cover letter, the firm’s chief executive officer CEO –who signed the letter in ink–wrote, “This submission addresses compliance to all RFP requirements and instructions that include any exceptions to the Terms and Conditions of the solicitation. We find unobjectionable the agency’s assessment that DSI’s cover letter failed to comply with the solicitation. In this respect, as noted, the RFP required that an offeror address in its cover letter compliance with the RFP, as well as whether the firm was taking exception to any solicitation terms.

Moreover, the RFP expressly cautioned against restating solicitation requirements.

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Money , Investing , Portfolio Strategy There are many ways of investing and many investment decisions. Here are some bad investing decisions from a tax standpoint. Selling stock too soon. Capital gains on holdings of more than a year are taxed favorably at rates from zero for those in the lowest bracket to Stocks that are sold within one year of purchase are taxed at ordinary income rates. Efforts should be made, if possible, to retain stocks for at least one year to get the favorable rates.

Not realizing losses when there are taxable gains. In years that you have taxable gains, you should try to offset taxes as much as possible by realizing losses embedded in your portfolio and selling some of those shares. Having losses offset the wrong type of capital gains. If there is a choice, it is better to offset short term gains with long term losses. This way, you will get the full benefit of the loss against income that would be taxed at regular rates. Offsetting long-term gains with short-term losses wipes out income that would have been taxed favorably.

This strategy requires some advance calculations and planning. Not carrying forward capital losses.

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Under the federal law gambling can be conducted on “Indian land. As this definition points out, it is not necessary for land to be actually part of a reservation for gambling to be conducted on it. In theory, an Indian tribe could buy land anywhere in a state and operate a casino on it, by having it declared Indian trust land by an Act of Congress, a court decision or settlement or through an application through the U. Department of the Interior. Who regulates Indian Gaming? Indian tribes are the primary regulators of Class II gaming.

the. Death. of the. Death Penalty. Why the era of capital punishment is ending. By David Von Drehle. The case of Dzhokhar Tsarnaev absorbed Americans as no death-penalty drama has in years.

VirginiaLearn more about Virginia and its geography, people, economy, and history. It has one of the longest continuous histories among the American states, dating from the settlement of Jamestown in the early 17th century. It was named for Elizabeth I , the Virgin Queen, and under its original charter was granted most of the lands stretching westward from the Atlantic seaboard settlements to the Mississippi River and beyond—territories yet unexplored by Europeans.

The contributions of such Virginians as George Washington , Thomas Jefferson , and James Madison were crucial in the formation of the United States, and in the early decades of the republic the state was known as the Birthplace of Presidents. Lee and other generals led Confederate forces, the state developed in the 20th century into a bridge state between the North and the South. By the early 21st century Virginia was among the most prosperous states in the South and in the country as a whole.

Other areas of the state retain the tinge of conservatism developed over centuries of agricultural life and through aristocratic traditions that made the term a Virginia gentleman synonymous with gentility and refinement. History and nature make Virginia a leading tourist centre. Within its borders lie many important historical monuments. They include colonial restorations and reconstructions, such as those at Williamsburg ; the homes of Washington Mount Vernon , Jefferson Monticello , and other noted Virginians; and many of the battlefields of the American Revolution and Civil War.

Area 42, square miles , square km. Population 8, , ; est. From west to east, the first of these is the Appalachian Plateau , the smallest of the provinces, located in the southwestern tip of the state.

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Why the era of capital punishment is ending By David Von Drehle The case of Dzhokhar Tsarnaev absorbed Americans as no death-penalty drama has in years. The saga of his crime and punishment began with the shocking bloodbath at the Boston Marathon, continued through the televised manhunt that paralyzed a major city and culminated in the death sentence handed down by a federal jury on May 15 after a two-phase trial.

Support for capital punishment has sagged in recent years, but it remains strong in a situation like this, where the offense is so outrageous, the process so open, the defense so robust and guilt beyond dispute. Even so, Tsarnaev is in no danger of imminent death.

Mogadishu (/ ˌ m ɒ ɡ ə ˈ d iː ʃ uː /; Somali: Muqdisho [mʉqdɪʃɔ]; [stress and tone?] Arabic: مقديشو ‎, translit. Muqadīshū [muqaˈdiːʃuː]; Italian: Mogadiscio), locally known as Xamar or Hamar, is the capital and most populous city of d in the coastal Banadir region on the Indian Ocean, the city has served as an important port for millennia.

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How do you teach young people about How do you teach young people about consent? Undergraduate students must now pass an online course on sexual consent if they wish to enrol at the University of Melbourne. More videos Malcolm Turnbull embraces fast trains in Australia The Prime Minister is keeping alive the decades-old discussion about a a fast rail line linking Melbourne to Brisbane.

Video courtesy ABC News 24 John Alexander, an advocate for fast rail since he entered Parliament in , said high speed rail would “liberate” regional towns, potentially tripling property prices and relieving housing pressure in the capital cities.

Current and former Federal government employees. If you are a current or former Federal government employee, including members of the U.S. military, your data may have been impacted by the incident announced in impacting background investigation records.

The president said the income gap between America’s rich and poor is a “defining challenge of our time. Left wing academics and politicians are quick with quack remedies — higher taxes on the wealthy that will only send more investment abroad and smother growth. For most Americans, good-paying jobs are scarce, and many feel powerless to improve their lot. Yet, for those at the very top of business and in a few charmed professions things have never been better. The government uses its power to regulate markets to concentrate wealth in the hands of an influential few, while most of its citizens stay poor by western standards.

In recent decades, the federal government has enabled monopolization in many industries—for example, in cable TV and high speed Internet, banking and health care—by failing to use its antitrust and regulatory powers to curb abusive practices. Comcast enjoys monopoly access to most homes it services. Each year, it raises rates for cable TV bundled with high-speed Internet faster than the rate of inflation, because federal policies prohibit local governments from regulating cable prices as those do for electric and water utilities.

Its fee structure discourages subscribers from purchasing only high-speed Internet and independently obtaining entertainment content over the Net. Comcast is transforming a public utility into an international media giant on the backs of overtaxed subscribers. Similarly, Dodd-Frank financial reforms impose regulatory costs so onerous that small banks are selling out to bigger ones.

Bank executives pull down huge bonuses but also make generous contributions to political candidates. To salve the masses, Washington politicians exempt nearly 50 percent of voters from income taxes, and offer subsidized health care, food stamps and the earned income tax credit for lower income Americans.

The Worst Investments You Can Make from a Tax Standpoint

From until , Rio de Janeiro was Brazil’s capital. At this time, resources tended to be centered in Brazil’s southeast region near Rio de Janeiro and most of its population was concentrated near to the Atlantic Coast. An article of the country’s first republican constitution dating back to stated the capital should be moved from Rio de Janeiro to a place close to the country’s center. The bill was not enacted because Pedro I dissolved the Assembly.

Costa’s plan was not as detailed as some of the plans presented by other architects and city planners. It did not include land use schedules, models, population charts or mechanical drawings, however, it was chosen by five out of six jurors because it had the features required to align the growth of a capital city [11] Even though the initial plan was transformed over time, his plan oriented much of the construction and most of its features survived.

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