Medicare, a government health insurance program for Americans over age 65, became law in 1965. Originally, President John F. Kennedy pushed for the bill and then President Lyndon Johnson got it enacted after Kennedy's death. As seen in the photo above, former President harry Truman was the program's first enrollee. Capitalist Exploits – Does It Make Money For Subscribers?Try … [Read more...]
How Long Did It Take Stocks To Recover From The Crash of 1929?
The stock market crash of 1929 marked the beginning of the Great Depression, one of the most severe economic downturns in U.S. history. The crash itself occurred on October 29, 1929, and it was followed by a prolonged bear market in which stock prices plummeted. It took a significant amount of time for the stock market to fully recover from the effects of the … [Read more...]
Do Electric Cars With Lithium Batteries Pose A Fire Risk?
Electric cars that use lithium-ion batteries do pose a potential fire risk, but, according to many in the electric car industry, the risk is relatively low and similar to the fire risks associated with gasoline-powered vehicles. But judging from the many videos online showing Tesla's spontaneously combusting...and houses burning down from electric cars parked in garages...the … [Read more...]
Do Derivatives Still Pose A Threat To The US Financial System
Photo Credit - Carlos Delgado, CC BY-SA 3.0 , via Wikimedia Commons Derivatives, while complex financial instruments, do not inherently pose a threat to the U.S. economic system. However, they can amplify risks and contribute to financial instability if not properly regulated and managed. To understand the potential risks and how they can be mitigated, it's essential to … [Read more...]
Will Hydrogen Powered Cars Ever Be A Reality?
Hydrogen-powered cars, also known as fuel cell vehicles (FCVs), do exist and have been developed by several automakers. These vehicles use hydrogen gas to generate electricity through a chemical process within a fuel cell, which then powers an electric motor to propel the vehicle. Hydrogen fuel cell technology has been under development for several decades, and there are … [Read more...]