December 5, 2021

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The Great Molasses Flood

On Wednesday, January 15, 1919, at around noontime near the waterfront in downtown Boston the ground began to shake as a loud roar rang out over the city. As the people stood mystified a giant wave of molasses tore through the city streets. The wave was estimated at almost 15

The U.S. Capitol

In 1791, President George Washington selected land ceded by Maryland and situated along the bank of the Potowmac River (now called the Potomac) to be the new home for the seat of the United States government. At the time the area was largely made up of waterways, forests and farm

Are Corporations People?

Santa Clara County v. Southern Pacific Railroad was a tax case between the railroads and the state of California. Two railroad companies were refusing to pay taxes under new rules set forth during the California Constitutional Convention of 1879.  In order to recoup lost revenue Santa Clara county brought the case

The Elastic Constitution

Throughout the country’s history the debate regarding the elasticity of the constitution has never been settled. Unfortunately, the arguments typically revolve more around patriotic grandstanding and less about substance. Politicians and even judges are all too eager to wrap themselves up in the idea of being a “strict constitutionalist” or an

Delinquency Rate

The ​​​​​​​​​​​Delinquency Rate is reported quarterly by the Board of Governors of the Federal Reserve and is an essential factor in determining the overall health and sustainability of an economy. It refers to the percentage of loans within the nation’s financial institution’s whose payments are declared delinquent. The Federal Reserve defines a delinquent loan or lease