Daily Content Archive
(as of Sunday, May 1, 2016)| Word of the Day | |||||||
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arriviste
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| Article of the Day | |
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 The Federal ReserveThe 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 | |
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 General Mills Introduces Cheerios as CheeriOats (1941)General Mills introduced its oat-based, ready-to-eat cold cereal as CheeriOats but, in 1946, changed its name to Cheerios because of a trademark dispute with Quaker Oats. Today, it comes in nearly a dozen different flavors and is marketed to children as well as adults. It has used several different characters in its advertising over the years, including Charlie Brown from Peanuts. Why did the US Food and Drug Administration call Cheerios an "unapproved new drug" in 2009? More... | |
| Today's Birthday | |
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 Joseph Heller (1923)As a bombardier with the US Air Force during World War II, American writer Joseph Heller flew 60 combat missions. He drew on his wartime experiences when writing his darkly humorous novel Catch-22 (1961), a satiric commentary on the absurdity of war and bureaucracy. One of the most significant works of postwar protest literature, it was a huge critical success. What did Heller famously reply when asked why he had not written anything else as good as Catch-22? More... | |
| Quotation of the Day | |
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 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 | |
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 Marshall Islands Constitution Day (2020)In 1943, during World War II, the Allied forces invaded the Marshall Islands; at the end of the war, the United States was given effective power there. On May 1, 1979, the Marshall Islands constitution was signed, establishing it as a self-governing country. Constitution Day is a public holiday in the Marshall Islands. On this day of celebration, people gather together for a parade to commemorate their independence. Field-day contests are held between all private and public schools, entities within the community itself, and more. More... | |