July 11, 2011 archive

cross-posted from Main Street Insider

This week, we take a look at a proposal to end Social Security “as we know it.” H.R. 2109, the Savings Account for Every American Act of 2011 would establish a path for individuals to opt out of Social Security in exchange for a “defined contribution” system.

While mishima is on hiatus, I will be cross posting some of our daily and weekly features from The Stars Hollow Gazette

This is your morning Open Thread. Pour your favorite beverage and review the past and comment on the future.

Find the past “On This Day in History” here.

July 11 is the 192nd day of the year (193rd in leap years) in the Gregorian calendar. There are 173 days remaining until the end of the year.

On this day in 1789, Jacques Necker is dismissed as France’s Finance Minister sparking the Storming of the Bastille.

Necker was seen as the savior of France while the country stood on the brink of ruin, but his actions could not stop the French Revolution. Necker put a stop to the rebellion in the Dauphiné by legalizing its assembly, and then set to work to arrange for the summons of the Estates-General of 1789. He advocated doubling the representation of the Third Estate to satisfy the people. But he failed to address the matter of voting – rather than voting by head count, which is what the people wanted, voting remained as one vote for each estate. Also, his address at the Estates-General was terribly miscalculated: it lasted for hours, and while those present expected a reforming policy to save the nation, he gave them financial data. This approach had serious repercussions on Necker’s reputation; he appeared to consider the Estates-General to be a facility designed to help the administration rather than to reform government.

Necker’s dismissal on 11 July 1789 made the people of France incredibly angry and provoked the storming of the Bastille on July 14. The king recalled him on 19 July. He was received with joy in every city he traversed, but in Paris he again proved to be no statesman. Believing that he could save France alone, he refused to act with the Comte de Mirabeau or Marquis de Lafayette. He caused the king’s acceptance of the suspensive veto, by which he sacrificed his chief prerogative in September, and destroyed all chance of a strong executive by contriving the decree of 7 November by which the ministry might not be chosen from the assembly. Financially he proved equally incapable for a time of crisis, and could not understand the need of such extreme measures as the establishment of assignats in order to keep the country quiet. Necker stayed in office until 1790, but his efforts to keep the financial situation afloat were ineffective. His popularity had vanished, and he resigned with a broken reputation.

Muse in the Morning

Time for a break from poetry…in order to create some art.

Flows

Before we get started, let me be clear that any information contained here, although to be best of my knowledge accurate, in in no way intended to be a substitute for advice and care from licensed medical professionals.  OK, disclaimer stated.

Aspirin is one of the first synthetic drugs, and is still in wide use after over 100 years.  It was first marketed by Bayer in 1899, and sales are still strong despite competition from drugs like acetaminophen,  ibuprofen, and naproxin sodium.  Bayer has in the past week or two come out with a new advert about its new “quick acting” aspirin.

This material is “quick acting” because the particle size is much smaller than that of regular aspirin.  Since aspirin is only slowly soluble in water, the greater surface area for the same mass does speed up absorption.