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    US CREDIT RATING DOWNGRADED BY S&P
    August 6, 2011 - United States

    The United States' credit rating was downgraded from AAA to AA+ by Standard & Poor's credit rating agency. The downgrade was made by the agency after citing that problems with budget deficits have created a negative outlook for the USA's economy. The company also stated that the recently approved budget deal did not go far enough to reduce the deficit.

    ELECTRIC CHAIR
    August 6, 1890 - Auburn, N.Y. USA

    The electric chair was used for the first time. William Kemmler was executed with 1,300 volts of alternating current in Auburn, N.Y. for murdering a woman with an axe. The state had legalized death by electricity on 4 Jun 1888, which was upheld despite a legal challenge. The Medico-Legal Society was appointed to manage the technical details. Thomas Edison wished the public to associate AC with danger and death, and promoted the electric chair to discredit Tesla's AC system of electricity which competed with his own DC system. The execution was botched. The first shock lasted only 17 seconds. As the body appeared to move, a much longer second jolt was given until it produced a smell of burning flesh.

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RANDOM QUOTES

  • 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...."
  • Rules for Happiness
    by Immanuel Kant

    "...Rules for Happiness: Something to do, Someone to love, Something to hope for...."

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  • Cancer Facts & Figures
    about Besides Lung Cancer

    Besides lung cancer, tobacco use also increases the risk for cancers of the mouth, lips, nasal cavity (nose) and sinuses, larynx (voice box), pharynx (throat), esophagus (swallowing tube), stomach, pancreas, kidney, bladder, uterus, cervix, colon/rectum, ovary (mucinous), and acute myeloid leukemia. More vehicles
    about Stolen On New Year's

    More vehicles are stolen on New Year's Day than any other holiday throughout the year. (So does that mean thieves are having their last fling before changing their ways or are they trying for a big score to start the New Year?)

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The Legal 500 and Debevoise & Plimpton LLP held a roundtable discussion in London with various figures from the private equity industry. The discussion centred on regulatory issues affecting the industry globally, including the SEC's examination process, the JOBS Act, the effect of the Alternative Investment Fund Management Directive on marketing across Europe, and asset stripping.

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