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Nov 10, 2005
Common Agricultural Policy
The Common Agricultural Policy (CAP) is a system of European Union agricultural subsidies which represents about 44% of the EU's spending (€43bn). These subsidies work by guaranteeing a minimum price to producers and by direct payment of a subsidy for crops planted. This provides some economic certainty for EU farmers, ensuring production of a certain quantity of agricultural goods. Reforms of the system are currently underway including a phased transfer of subsidy to land stewardship rather than specific crop production from 2005 to 2012. Detailed implementation of the scheme varies in different member countries of the EU.
Posted at 10:38 am by maddymad
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The European Union or the EU is an intergovernmental and supranational union of 25 European countries, known as member states. The European Union was established under that name in 1992 by the Treaty on European Union (the Maastricht Treaty). However, many aspects of the Union existed before that date through a series of predecessor relationships, dating back to 1951.
The European Union's activities cover all areas of public policy, from health and economic policy to foreign affairs and defence. However, the extent of its powers differs greatly between areas. Depending on the area in question, the EU may therefore resemble:
a federation (for example, on monetary affairs, agricultural, trade and environmental policy)
a confederation (for example, on social and economic policy, consumer protection, home affairs)
an international organisation (for example, in foreign affairs)
A key activity of the EU is the establishment and administration of a common single market, consisting of a customs union, a single currency (adopted by 12 of the 25 member states), a Common Agricultural Policy, a common trade policy, and a Common Fisheries Policy.
The most important EU institutions are the Council of the European Union, the European Commission, the European Parliament and the European Court of Justice.
Posted at 10:37 am by maddymad
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Sep 15, 2005
Craps (previously known as crabs) is a popular casino gambling game using dice. Players wager money against the casino on the outcome of one roll, or of a series of rolls of two dice.
Craps can also be played in less formal settings and is said to be popular among soldiers. In such situations side bets are less frequent, with one or several participants covering or "fading" bets against the dice.
The basic game
The basic game of craps is very simple. The most fundamental bet is the "pass line" wager, which almost everyone on a given game may make. On the first roll of the two dice (the come-out roll), the pass line bettors, or "right" bettors win by rolling either a 7 or 11 (a natural). If the shooter, or any other player, has a bet on the pass-line, he would win on the natural. Rolling craps (2, 3, or 12) loses immediately for the pass line bettor. Any other number (4, 5, 6, 8, 9, or 10) is called the point. To win, the pass-line bettor must roll the point number again before rolling a 7. If a 7 comes up before the point number, the shooter has sevened-out and the dice fail to pass. The shooter relinquishes the right to shoot when he or she sevens out, and the player to the left shoots next, beginning a new come-out sequence.
On any come-out roll, the shooter or any other player may also choose to place a don't pass wager, betting against the dice. This method, called "betting wrong," is by no means morally inferior to "right betting." In fact, the don't pass offers a lower house edge than pass line betting, and features the same free odds bet after a point is established. The bet works exactly like the opposite of the pass line wager, with the don't-pass bettor losing on the come-out when a natural is rolled. The don't bettor wins when a craps is rolled on the come-out, except on the roll of a barred craps, where the bet is a stand-off or push. Usually casinos bar the 2 or 12 craps, but beware a house which bars the 3 craps, as this practice doubles the house edge on the don't pass wager. The barred number is where the house derives its advantage by not paying the designated craps roll. Converse to pass-line betting, the wrong bettor wins on 7-outs and loses when a point is made.
A casino craps table is run by four casino employees: a boxman who guards the chips and supervises the dealers; two dealers who stand to either side of the boxman and collect and pay bets; and a stickman who stands directly across the table from the boxman and announces the results of each roll and then collects the dice with an elongated wooden stick. For clarity, the number 11 is referred to as "yo" so as not to be confused with the number 7.
A new shooter, who must bet the table minimum on either the pass line or the don't pass line to play, is given five dice by the stickman and picks two.
When the shooter rolls the dice, the dealers will usually insist that the dice be rolled with one hand and that they bounce off the wall surrounding the table. These requirements are meant to retard cheating attempts by switching the dice or making a "controlled shot." If a die leaves the table, the shooter will usually be asked to select another die from the remaining three but can request using the same die if it passes the boxman's inspection. This requirement is used in an effort to reduce cheating the game by substituting loaded dice for the regulation dice.
Posted at 12:04 pm by maddymad
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Aug 19, 2005
The original Niagara Falls were near the site of present day Lewiston, New York, but erosion of their crest has caused the waterfalls to retreat several miles southward. Just upstream from the Falls' current location, Goat Island splits the course of the Niagara River, resulting in the separation of Horseshoe Falls to the west from American and Bridal Veil Falls to the east. Although erosion and recession have been slowed in this century by engineering, the falls will eventually recede far enough to drain most of Lake Erie, the bottom of which is higher than the bottom of the falls. Engineers are working to reduce the rate of erosion to retard this event as long as possible.
The Falls drop about 170 feet (52 m), although the American Falls have a clear drop of only 70 feet (21 m) before reaching a jumble of fallen rocks which were deposited by a massive rock slide in 1954. The larger Canadian Falls are about 2,600 feet (792 m) wide, while the American Falls are 1,060 feet (323 m) wide. The volume of water approaching the Falls during peak flow season is 202,000 ft³/s (5,720 m³/s).1,2 During the summer months, when maximum diversion of water for hydroelectric power occurs, 100,000 ft³/s (2,832 m³/s) of water actually traverses the Falls, some 90% of which goes over Horseshoe Falls. This volume is further halved at night, when most of the diversion to hydroelectric facilities occurs.
Posted at 11:46 am by maddymad
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Mar 1, 2005
A final and possibly decisive effect is on the pricing of oil. The Eurozone consumes more imported oil than the United States. This would mean that more euros than US dollars would flow into the OPEC nations, except that oil is priced by those nations in US dollars only. There have been frequent discussions at OPEC about pricing oil in euros, which would have various effects, among them, requiring nations to hold stores of euros to buy oil, rather than the US dollars that they hold now. Venezuela under Hugo Chávez has been a vocal proponent of this scheme, despite selling most of its own oil to the United States. If implemented, this would be a transfer of a 'float' that presently subsidises the United States to subsidise the European Union instead. Another effect would be that the price of oil in the Eurozone would more closely follow the world price. When oil prices skyrocketed to almost 50 US dollars in August 2004, the oil price in euros didn't change nearly as much because of the concurrent rise in the exchange rate of the euro to the US dollar (to an exchange rate of EUR 1.00 = USD 1.33 in December 2004). Similarly, should oil prices lower significantly, together with the USD/EUR exchange rate, the oil price in the Eurozone would not fall as much. On the other hand, if the exchange rate and the oil price move in different directions, oil price changes are magnified. Pricing oil in euros would nullify this dependancy of European oil prices on the USD/EUR exchange rate.
The deficit structure of the US economy relies heavily on the dollar's hegemonic reserve status as a means of securing US debts and deficits. Without this status, the dollar and the US economy might experience what many Latin American countries experienced during the 1980s. As long as the US dollar was not threatened, the US economy was in no danger of collapse. The individual European currencies offered no threat to the dollar's hegemonic position. In the opinion of some economists the euro may pose a threat to US dollar hegemony, and could under certain circumstances result in a US economic collapse.
Posted at 01:44 am by maddymad
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Jan 2, 2005
Tokyo Rose was a name given by United States forces in the South Pacific during World War II to any of several English-speaking female broadcasters of Japanese propaganda. However, the name is usually associated with Iva Toguri D'Aquino who was tried for treason by the United States government.
Iva Toguri D'Aquino stood trial for eight "overt acts" of treason at the Federal District Court in San Francisco in July 1949. Neither Toguri nor any of the other women called herself Tokyo Rose: the name was invented by GIs and applied by them to any female Japanese announcer. During what was at the time the costliest trial in U.S. history (over half a million dollars), the prosecution presented forty-six witnesses, including two of Toguri's former supervisors at Radio Tokyo (both of whom later admitted to having committed perjury) and a few soldiers who could not distinguish between what they had heard on radio broadcasts and what they had heard by way of rumour.
Iva Toguri, for her part, denied during the trial that she had committed treason. Ordered to make propaganda broadcasts along with other prisoners of war, Toguri claimed she and her associates subtly sabotaged the Japanese war effort. The American and Australian prisoners of war who wrote her scripts assured her she was doing nothing wrong and immediately after the war General Douglas MacArthur's staff and the United States Justice Department cleared her of wrongdoing.
Posted at 11:48 pm by maddymad
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Oct 29, 2004
One of two primary, exclusive residential districts in Pasadena, California South Orange Grove has been a home for the rich and famous since the early 20th Century. Because of a number of landmark mansions, the street earned the name "Millionaire's Row". However, by the early 21st Century many of these homes had been replaced by spacious, pricey condominiums. Prominent among the historic residences is the Wrigley Mansion, former home of chewing gum magnet William Wrigley Jr., which now serves as headquarters for . the world-renowned Tournament of Roses. On the north end of the street lies the Gamble House, built by renowned Arts & Crafts movement architects Greene & Greene, but once home to David and Mary Gamble of Procter & Gamble fame. The annual Rose Parade on New Year's Day uses South Orange Grove Boulevard as a staging area for flower-covered floats, and it is where the parade begins. The Norton Simon Museum sits at the intersection of Orange Grove and Colorado boulevards. The companion exclusive residential district is South Lake Avenue.
Posted at 12:26 am by maddymad
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