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TODAY IN HISTORY

    FIRST NEW U.S. INTERSTATE HIGHWAY CONTRACT
    August 2, 1956 - Laclede County, Missouri, USA

    In 1956, the first new contract to build a section of the U.S. Interstate Highway system, awarded after the signing of the Highway-Aid Act of 1956, was for U.S. Route 66 in Laclede County, Missouri, which became Interstate 44. The Highway-Aid Act of 1956 established 90% federal funding for a System of Interstate and Defense Highways across the U.S., making it possible for States to afford construction of the important network of national limited-access highways. Other notable firsts related to the U.S. Interstate highways are claimed by the States of Pennsylvania (which has the oldest section of Interstate Highway, built 1 Oct 1940, years before the Highway Aid Act of 1956, but later part of the Interstate system) and Kansas, which began the first concrete paving under the Act, on 26 Sep 1956.

    TRIMLINE TELEPHONE
    August 2, 1965 - Michigan, USA

    The trimline telephone was made available to all customers throughout the service area of Michigan Bell Telephone for an optional $1 monthly extra charge. The company had placed the first trimline telephone in service in the U.S. on 21 Oct 1963. The dial and a hang-up button were no longer on a remote base, but instead integrated into the handpiece, midway between the microphone and speaker. A call could thus be dialled from the handpiece alone. A call could thus be dialled from the handpiece alone, which was more convenient in the kitchen or while in bed. It was dramatically different in style from earlier telephones, developed with the industrial design firm Henry Dreyfuss Associates. In 1977, Fortune magazine selected it as one of the country's 25 best-designed products.

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  • No Man is Above the Law
    by Theodore Roosevelt

    "..."No man is above the law and no man is below it; nor do we ask any man's permission when we require him to obey it. Obedience to the law is demanded as a right; not asked as a favor."..."
  • A Change is Gonna Come
    by Meredith Grey

    "...Change; we don't like it, we fear it, but we can't stop it from coming. We either adapt to change, or we get left behind. It hurts to grow, anybody who tells you it doesn't is lying. But here's the truth: Sometimes the more things change, the more they stay the same. And sometimes, oh, sometimes change is good. Sometimes change is everything...."

RANDOM FACTS

  • Drug Abuse
    about Facts about Drugs

    Facts about drugs can protect against drug abuse. Legal drugs, such as alcohol and tobacco, kill more people than illegal drugs. Tobacco (smoking cigarettes) kills more people than any other drug. Illegal drugs including heroin, cannabis, ecstasy and amphetamines can have unknown or dangerous ingredients. Mixing drugs, especially with alcohol, can be fatal. Salary
    about Steve Jobs

    Steve Jobs' annual salary was $1, just enough to keep company health benefits.

How Diamond Prices Are Determined :

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ARTICLE INFORMATION :

Pricing most products is quite easy. Determine how much it costs to make the item, how much it costs to market that item, and then mark it up by 15, 30% or more. Simple, right? Well, pricing diamonds isn't quite that simple. There are many factors that are considered when diamonds are priced.

ARTICLE CONTENT :

Pricing most products is quite easy. Determine how much it costs to make the item, how much it costs to market that item, and then mark it up by 15, 30% or more. Simple, right? Well, pricing diamonds isn't quite that simple. There are many factors that are considered when diamonds are priced.

Diamond prices are determined first by adding the cost of the rough diamond, the cost of cutting the diamond, and all other costs necessary to turn the rough diamond into a marketable diamond. Depending on the importance of the diamond, an independent company may be called in to certify the grade of the diamond based on color, cut, clarity, and weight.

At this point, the diamond becomes more expensive each time it changes hands, until it finally reaches a retailer, where the price is raised a bit more. Before reaching the retailer, however, the diamond must travel
from the mine, to the cutter and polisher, to the independent grading company, and then to the Primary market. Once it has reached the primary market, it will be purchased by diamond dealers and wholesalers, and from there it will be sold to retailers.

As you can see, the earlier you can purchase a diamond in the process, the lower the cost of the diamond will be “but not the value. The value is based on what the diamond will sell for in the market place“ through a retailer.
If you own a diamond, and you have no idea how much it is worth, you can have it appraised, but the appraisal may not be accurate. You will be better off obtaining a certificate through GIA “Gemological Institute of America".

With the information on this certificate, you can use a cutter's guide to accurately determine what your diamond is worth. There are also many diamond price calculators available. These can be found on the Internet, and many diamond dealers use these as well. You must realize, however, that before you can accurately price a diamond, without a Diamond Grade Report, you need to know quite a bit about diamonds, such as different cuts, clarity, color, and weight - and how each of those aspects adds to the value of a diamond, or decreases the value of the diamond as the case may be.

Again, you will be better off if you get a Diamond Grading Report on the diamond, and use that information to look up the price in one of the guides that the diamond cutting industry uses. This will give you the most accurate value of the diamond in your possession, or of the diamond you are considering purchasing.


Source : PLR

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