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    FREDDIE MAC AND FANNIE MAE BAILOUT
    July 14, 2008 - USA

    Freddie Mac and Fannie Mae who own or guarantee about $5.3 trillion worth of home loans about half of all US mortgages have seen a loss of confidence my the market due to the mortgage forclosure increase and the drop in property values in the United States. Both company Shares have been under increasing pressure and have lost as much as 80% of share value in just 12 months . The Fed has given the green light for the Federal Reserve Bank of New York authority to lend any money needed to allow them to continue providing mortgages at 2.25% and will expand its current line of credit to the two companies and buy shares of the companies if needed to prop up share price in these troubled times. Congress is also to approve a package next week which includes a foreclosure rescue to help strapped homeowners get new, more affordable government-backed mortgages through the Federal Housing Administration.

    ANHEUSER- BUSCH TAKEN OVER
    July 14, 2008 - USA

    After a $52 billion takeover deal, American beer maker, Anheuser- Busch, was taken over by the Belgian beer maker InBev on this day. The merging of the two companies made the newly combined company, Anheuser-Busch InBev, the largest beer maker in the world. The new combined company produces some of the most well known beer brands in the world including Bud Light, Budweiser, Becks and Stella Artois.

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  • The wealth of the nation
    by Earth Day, Gaylord Nelson

    "...The wealth of the nation is its air, water, soil, forests, minerals, rivers, lakes, oceans, scenic beauty, wildlife habitats and biodiversity that'as all there is. That'as the whole economy. That'as where all the economic activity and jobs come from. These biological systems are the sustaining wealth of the world...."
  • The Revolution
    by John Adams

    "...The Revolution was effected before the War commenced. The Revolution was in the minds and hearts of the people; a change in their religious sentiments of their duties and obligations. This radical change in the principles, opinions, sentiments, and affections of the people, was the real American Revolution...."

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  • Salary
    about Steve Jobs

    Steve Jobs' annual salary was $1, just enough to keep company health benefits. Harvard Medical School
    about Eyesight Myth and Fact

    Myth: Staring at a computer screen all day is harmful to the eyes. Fact: Spending the day staring at a screen can tire or strain your eyes, but it will not hurt them. Make sure lighting doesn't create a glare on your screen. When spending long periods at your keyboard, take a break now and then to rest your eyes to reduce fatigue. Also, don't forget to blink. Your eyes need to stay lubricated to feel comfortable.

A Brief History Of The Fairground Indust :

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Fairs in this country have a long and ancient history, deeply rooted in tradition. The word fair is derived from the Latin "feria", meaning a holiday and at one time the Romans were credited with the introduction of fairs.

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Fairs in this country have a long and ancient history, deeply rooted in tradition. The word fair is derived from the Latin "feria", meaning a holiday and at one time the Romans were credited with the introduction of fairs. It is now generally accepted that their origins are from pagan customs of the people who first settled this land; their seasonal gatherings held for the purposes of both trade and festivity, contained within them the essential elements of the fair. The Romans did much to promote fairs by improving trade and communications throughout the country. During the centuries following the departure of the Romans, many fairs and other festivals were incorporated into the calendar of the growing Christian Church.

Charters granted by the sovereign gave the fair legal status and an increasing importance in the economic life of the nation. Merchants and traders from Europe, the Middle East and beyond were drawn to the great chartered fairs of the Middle Ages bringing with them a wealth of goods. The sheer number of these fairs, no fewer than 4860 were chartered between the years 1200 and 1400, drew not only merchant but entertainers as well: jugglers, musicians and tumblers the ancestors of today's showmen.
The Black Death of 1348-49 brought about a new kind of fair. In order to stem the rise in wages caused by the shortage of workers, Edward III introduced the Statute of Labourers. This compelled all able bodied men to present themselves annually for hire at a stated wage.

These gathering or hiring fairs were held mainly around Michealmas, the end of the agricultural year. By the early eighteenth century the trading aspects of the charter fairs had waned and most fairs consisted almost entirely of amusements, acrobats, illusionists and theatrical companies all plied their trade on fairgrounds. Around this time the first fairground rides began to appear, small crudely constructed out of wood and propelled by gangs of boys. In 1868, Frederick Savage, a successful agricultural engineer from Kings Lynn, devised a method of driving rides by steam. His invention, a steam engine mounted in the centre of the ride was to transform the fairground industry.

Freed from the limitations of muscle power, rides could be made larger, more capacious and more heavily ornamented. The showman's demand for novelty was matched by the ingenuity of Savage and other engineers. In the wake of the steam revolution an amazing variety of new designs and rides appeared. These rides were the forerunners of today's amazing thrill rides, over time innovations such as electric lighting, electric motors, hydraulics etc. allowed rides to evolve into the amazing devices that are seen today at any local fairground.


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