theDrahos

If you plan to visit a college campus this month, don’t be surprised if you see signs and placards encouraging you to “Restore the Fourth.” Restore the Fourth is not about an athletic event or a holiday; it is about human freedom. The reference to “the Fourth” is to the Fourth Amendment, and it is badly in need of restoration. In the dark days following 9/11, Congress enacted the Patriot Act. The Patriot Act has many flaws, including its prohibition of certain truthful public speech, but its most pernicious assault is on the constitutional right to privacy. One of its … Continue reading →

Thanks to countless books, movies, and trashy TV shows, most of us have a fairly firm mental image of the ancient world. Togas, feasting, gladiatorial combat . . . the standard stuff. Yet step back in time, and you’d be confronted with a world that confounded your expectations. Far from being a close approximation of the truth, our collective mental image of the ancient world may be nothing like reality at all. 10 Ancient Britain Had African Citizens Although London is one of the most multicultural cities on Earth, it’s only been in the last century or so that minorities have become a familiar … Continue reading →

In addition to the federal estate tax (which is fourth highest in the OECD), many U.S. states levy their own estate and inheritance taxes.  While estate taxes are charged against the estate regardless of who inherits the assets, inheritance taxes are levied on the transfer of assets to heirs, based on the relationship of the inheritor to the deceased. In the case of inheritance taxes, spouses, children, or siblings often have different exemptions, which we list in detail in table 35 in the 2015 edition of our annual handbook, Facts & Figures. Currently, fifteen states and the District of Columbia have … Continue reading →

Good and Bad News Today, we have bad news and good news. The good news is that there will be no 25-year recession. Nor will there be a depression that will last the rest of our lifetimes. The bad news: It will be much worse than that. On Monday, the Dow rose another 43 points. Gold seems to be working its way back to the $1,200 level, where it feels most comfortable. “A long depression” has been much discussed in the financial press. Several economists are predicting many years of sluggish or negative growth. It is the obvious consequence of … Continue reading →

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