, Presidents Day occurs on the
third Monday of February.
2, Originally, the holiday was meant to celebrate President George Washington's birthday.
.
3.
, In 1879, President Rutherford B.
Hayes signed the observance of Washington's birthday into law.
4.
, It was the first nationally recognized federal
bank holiday to celebrate the life of an American.
Martin Luther King Jr. Day
was the second.
5.
, In 1932, the holiday was used to reinstate the
Purple Heart, which was created by Washington
to honor wounded or killed soldiers.
6.
, President Richard Nixon changed the date of the
celebration in 1971 under the Uniform Monday Holiday Act.
The Act was an attempt to have more
federal holidays fall on Mondays.
7.
, It also combined the celebration of Washington's birthday with Abraham Lincoln's birthday.
8.
, By the 1980s, Americans began to refer to the holiday as "Presidents Day" because marketers used the terms to advertise sales over three-day weekends.
9, By the early 2000s, half of the U.S. changed the name to "Presidents Day" on their calendars.
10, Today, it is considered to be a patriotic day of celebrating presidents of the past and present
March Retail Sales , Exceeded Expectations.
New Commerce Department data surprised
some analysts on April 15, 'The Hill' reports. .
The agency's latest estimates indicate
that March retail sales increased by 0.7%.
They were only expected
to rise 0.3% last month.
While sales exceeded estimates for March, the jump
was still below the 0.9% increase in February.
Compared to the same time last year, total sales
for the first three months of 2024 were up 2.1%.
On April 10, the Labor Department released data showing that inflation rose last month. .
The consumer price index (CPI)
increased 0.4% in March and 3.5% annually.
In February, consumer prices
increased 3.2% year-over-year. .
Still, the newest Commerce Department data suggests that Americans continue to spend despite prolonged inflation, 'The Hill' reports.
Credit: Wibbitz Top Stories Duration: 01:30Published
Fears of Potential Iranian Attack , Drive US Stocks Down , Nearly 500 Points.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
CNN reports that United States stocks dropped on
April 12 amid rising tensions in the Middle East pushing
traders to seek safe havens like gold and bonds.
By mid-afternoon, the Dow had fallen
1.4%, the S&P 500 went down 1.6%,
and the Nasdaq dropped 1.8%.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The dip came after the White House announced
that both the U.S. and Israel are on alert for
a potential attack by Iran or its allies.
The warning comes after Iran
accused Israel of a deadly airstrike
on a consulate in Damascus, Syria. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
The news also sent oil prices up amid
fears of regional tensions escalating
as a result of the ongoing war in Gaza. .
Brent crude futures jumped up to $90.42
a barrel, and West Texas Intermediate crude
futures increased to $86.65 a barrel.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
Those geopolitical concerns and subsequent
rising oil prices sent investors to safe havens like
gold futures, which rose to $2,379 a troy ounce.
CNN reports that Americans' opinions of
the economy have dipped in the past few
months amid persistently high inflation.
The geopolitical fears come as investors are already
contending with concerns that the Federal Reserve could
wait to bring interest rates down from a 23-year high.
Officials at the Fed have signaled that further rate
hikes could still be on the way if the central
bank's efforts to fight inflation stall.
Credit: Wibbitz Top Stories Duration: 01:31Published
Federal Benefit Helping , Low-Income Households , Afford Internet Coming to an End.
CNN reports that next month, low-income
Americans face a crisis that threatens millions
of households with economic distress.
The United States government says that
it can only pay about half of what it owes
on a popular federal benefits program.
The Federal Communications Commission (FCC) announcement
represents the first tangible impact of Congress' failure
to extend the Affordable Connectivity Program (ACP).
The pandemic-era benefit provides
monthly discounts on internet service
for over 23 million households in the U.S.
As a result of dwindling funds,
April will be the last month
households can receive full benefits. .
In May, ACP will only be able to
provide 46% of the normal benefit
payments before ending entirely in June.
The end of the program means that millions of
people will have to choose between paying
for internet, housing and food.
According to the FCC, Internet service providers (ISPs)
could decide to close the gap for millions of households
that will be impacted by the program coming to an end.
We encourage providers to
take efforts to keep consumers
connected at this critical time, FCC statement, via CNN.
The FCC went on to add that ISPs could offer discounts, low-cost
internet plans or take other measures to ensure that service is
not interrupted for millions of low-income Americans.
Credit: Wibbitz Top Stories Duration: 01:30Published
O.J. Simpson -- one of the most infamous high-profile Americans of all time -- is dead after a cancer battle. The former NFL great -- who stood trial for the.. TMZ.com
White House Issues New Rules , on How Government Can Use AI.
White House Issues New Rules , on How Government Can Use AI.
The policy was released by the White House on March 28, 'The Hill' reports. .
It is intended to reduce AI risks
within the government.
According to a White House memo, federal agencies must now appoint a chief AI officer, add safeguards and issue reports about how AI is being used. .
Those reports will also be made public, according to 'The Hill.'.
However, some AI uses, such as those
employed by the Department of Defense, do not require reports because they would be "inconsistent with applicable law and government policy.".
Agencies will have 60 days
to appoint a chief AI officer.
Safeguards to protect Americans' rights and safety must be implemented by December.
Vice President Kamala Harris
weighed in on the development.
I believe that all leaders
from governments, civil society
and the private sector have a
moral, ethical and societal duty... , Vice President Kamala Harris, via call with reporters.
... to make sure that artificial
intelligence is adopted and advanced
in a way that protects the public from
potential harm, while ensuring everyone
is able to enjoy its full benefits, Vice President Kamala Harris, via call with reporters
Credit: Wibbitz Top Stories Duration: 01:30Published
This Day in History: , The Civil War Begins.
April 12, 1861.
Union-held Fort Sumter in Charleston Bay, SC,
is attacked by Confederate shore batteries
under the command of General P.G.T. Beauregard.
After being battered
for 34 straight hours,
U.S. Major Robert Anderson
surrendered the fort.
U.S. President Abraham Lincoln
called for 75,000 volunteer
soldiers two days later.
He had been in office
for barely more than a month.
South Carolina, a slave state,
had issued an "Ordinance of Secession"
earlier in December, dissolving its ties with the Union.
The following four years of war between
the North and South would be the bloodiest
in American history, resulting in the deaths
of more than 620,000 Confederate and Union soldiers
Credit: Wibbitz Top Stories Duration: 00:58Published
This Day in History:, President Andrew
Johnson Is Impeached.
February 24, 1868.
Johnson assumed the
presidency after Lincoln's assassination.
He became the first U.S. president to be impeached.
11 articles of impeachment
were approved by the House of Representatives.
They arose from Johnson's
unpopular and racist post-Civil War
Reconstruction policies.
and the firing of Lincoln
appointed secretary of war,
Edwin Stanton.
Johnson's Senate impeachment
trial began on March 13.
He was not convicted, narrowly
escaping removal from office
Credit: Wibbitz Top Stories Duration: 00:53Published
This is the third and final video in our “Faith-filled February” series. Given that February is the month in which we celebrate President’s Day, the “5 Minute Ministry” takes a look at..
Office of the Presidency is to protect and defend Constitutional freedoms/individual rights, but Biden behaves like an installed occupant. Installed to destroy the America under the constitution.
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