Daily Content Archive

(as of Sunday, May 1, 2016)
Word of the Day

arriviste

Definition:(noun) A person who has recently attained high position or great power but not general acceptance or respect; an upstart.
Synonyms:nouveau-riche, parvenu, upstart
Usage: The arriviste tried to gain acceptance into society through ostentatious displays of his newfound wealth, but his actions only inspired resentment.
Article of the Day

The Federal Reserve

The US Federal Reserve was created in response to the Bank Panic of 1907, a financial crisis in the US during which the stock market crashed and the economy entered a recession. “The Fed” is a central banking system and note-issuing authority that regulates the country's credit and monetary policy. It is comprised of 12 regional Federal Reserve Banks located throughout the US, various member banks, and a supervisory Federal Reserve Board. What are some criticisms of the Federal Reserve System? More...
This Day in History

U-2 Crisis of 1960 Begins (1960)

After becoming Soviet premier in 1958, Nikita Khrushchev asserted a doctrine of peaceful coexistence with capitalist nations. He toured the US in 1959 and planned a Paris summit with the US, Britain, and France in 1960, but in May of that year, an American U-2 reconnaissance plane was shot down over the Soviet Union. Khrushchev cancelled the conference, and the American pilot, F. Gary Powers, was tried in the Soviet Union and sentenced to 10 years in prison. What happened to him? More...
Today's Birthday

Anna Marie Jarvis (1864)

Though she never wed or had children herself, Jarvis campaigned tirelessly for the establishment of an annual holiday honoring mothers. She began her campaign after the death of her mother, a social activist who had brought mothers together in an effort to counter the divisions caused by the Civil War. By 1914, Mother's Day had been proclaimed a US national holiday. Rather than savor her success, Jarvis soon became one of the holiday's most vehement opponents. Why did she want it abolished? More...
Quotation of the Day
But that intimacy of mutual embarrassment, in which each feels that the other is feeling something, having once existed, its effect is not to be done away with.

George Eliot (1819-1880)

Today's Holiday

Vappu (2016)

Vappu is a national holiday and celebration of the coming of spring in Finland. This traditional festival is also Labor Day, and factories that are said to "never close" do close on May 1 (and Christmas Day). For students, the "anything goes" celebration begins at midnight on the eve of May Day, called Vapunaatto, when they wear white student caps and indulge in anything not indecent or criminal. There are balloons, streamers, horns, and masks everywhere, and few get much sleep. On May Day itself, the students lead processions through the streets of Helsinki, and then enjoy carnivals and concerts. More...
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