Latest news with #AlexanderHamilton
Chicago Tribune
11-07-2025
- General
- Chicago Tribune
Today in History: Aaron Burr shoots Alexander Hamilton in duel
Today is Friday, July 11, the 192nd day of 2024. There are 173 days left in the year. Today in History: On July 11, 1804, Vice President Aaron Burr mortally wounded former Treasury Secretary Alexander Hamilton during a pistol duel in Weehawken, New Jersey. (Hamilton died the next day.) Also on this date: In 1798, the U.S. Marine Corps was formally re-established by a congressional act that also created the U.S. Marine Band. In 1859, Big Ben, the great bell inside the famous London clock tower, chimed for the first time. In 1864, Confederate forces led by Gen. Jubal Early began an abortive invasion of Washington, D.C., and his raid was turned back the next day. In 1914, Babe Ruth made his Major League baseball debut, pitching the Boston Red Sox to a 4-3 victory over Cleveland. In 1921, fighting in the Irish War of Independence ended with a truce. In 1960, Harper Lee's novel 'To Kill a Mockingbird' was published. In 1972, the World Chess Championship opened as grandmasters Bobby Fischer of the United States and defending champion Boris Spassky of the Soviet Union began play in Reykjavik, Iceland. (Fischer won after 21 games.) In 1979, the abandoned U.S. space station Skylab made a spectacular return to Earth, burning up in the atmosphere and showering debris over the Indian Ocean and Australia. In 1991, a Nigeria Airways DC-8 carrying Muslim pilgrims crashed at the Jiddah, Saudi Arabia, international airport, killing all 261 people on board. In 1995, the U.N.-designated 'safe haven' of Srebrenica in Bosnia-Herzegovina fell to Bosnian Serb forces, who subsequently carried out the killings of more than 8,000 Muslim men and boys. In 2006, eight bombs hit a commuter rail network during evening rush hour in Mumbai, India, killing more than 200 people. In 2022, President Joe Biden revealed the first image from NASA's new space telescope, the farthest humanity had ever seen in both time and distance, closer to the dawn of the universe and the edge of the cosmos. Today's Birthdays: Fashion designer Giorgio Armani is 91. Actor Susan Seaforth Hayes is 82. Actor Bruce McGill is 75. Actor Stephen Lang is 73. Actor Mindy Sterling is 72. Actor Sela Ward is 69. Reggae singer Michael Rose (Black Uhuru) is 68. Singer Peter Murphy (Bauhaus) is 68. Actor Mark Lester is 67. Saxophonist Kirk Whalum is 67. Singer Suzanne Vega is 66. Rock guitarist Richie Sambora (Bon Jovi) is 66. Actor Lisa Rinna is 62. Author Jhumpa Lahiri is 58. Wildlife expert Jeff Corwin is 58. Actor Justin Chambers (TV: 'Grey's Anatomy') is 55. Actor Michael Rosenbaum (TV: 'Smallville') is 53. Rapper Lil' Kim is 51. Pro Football Hall of Famer Andre Johnson is 44. Pop-jazz singer-musician Peter Cincotti is 42. Actor Serinda Swan is 41. Actor David Henrie is 36. Actor Connor Paolo is 35. R&B/pop singer Alessia Cara is 29.
Forbes
10-07-2025
- Politics
- Forbes
3 Keys To Breaking Barriers
If you are an immigrant looking for success in the US—or you know one—there are three key moves you can make to overcome cultural challenges and break barriers in business. In many ways, my story is nothing new. America's history is rich with stories of immigrants who overcame great odds and broke barriers to achieve great success. From orphan immigrant Alexander Hamilton becoming the nation's first Secretary of the Treasury to bodybuilder Arnold Schwarzenegger converting his movie stardom into becoming the governor of America's most populous state. No other nation on earth holds the opportunities for immigrants like the United States. That doesn't mean it's a cakewalk, of course. I know because I've experienced it firsthand—challenges and successes alike. And not every refugee kid from South Vietnam had my experience. But if you are an immigrant (or a refugee or someone who came from a broken family) looking for success in the US—or you know one—there are three key moves you can make to overcome cultural challenges and break barriers in business. Where many immigrants and refugees stagnate is that they come to the US and stay within the comfort of their immigrant circles. Many of the refugees who arrived in California around the same time as our family never attempted to move beyond 'Little Saigon.' Meanwhile, I was set on figuring out what American kids liked doing if I was going to become one of them and belong. Soon enough, I'd joined a Little League baseball team, which became my first social circle, my first American team. This one effort on my part allowed me to practice English, learn how to play America's favorite pastime, and integrate into my new homeland. No one can grow within their comfort zone. Whether you're learning a new skill, moving to a new town, or stepping into a new position, stepping outside of your comfort zone is essential. Throughout my life, I was consistently one of the only Asian faces in the group—at school, in sports, and even in the military. I learned early on that if people were going to notice me, then I might as well lean into it. My effort to embrace 'being noticed' led to the result of being unexpectedly named as captain of my high school basketball team. Of course, there are more important ways to be noticed than your physical attributes. When I was in sales, I did this by volunteering for role-playing exercises, manning the company booth at conferences, and even walking right up to the CEO to introduce myself. But my daily performance is what always mattered the most, resulting in me earning recognition as the top biotech sales rep. Immigrant or not, the mistake so many people make in the workforce is that they fail to get themselves noticed. If you keep waiting for someone in authority to notice you, then you will be waiting a long, long time. And staying right where you are until you do. As important as it is for you to integrate, it's equally important not to forget who you are and where you come from. Those pieces of your identity are your differentiators. To this day, I'm grateful that my mother chose not to anglicize our names. While my name led to many mispronunciations and instances of teasing, these moments always pointed me back to where I came from. Embracing my unique background led to me landing my first book deal. It's allowed me to be a voice for other refugees and immigrants, to help others overcome the same cultural challenges I did. By remembering your roots, your heritage, you maintain a sense of gratitude that can overflow into every other part of your life. In my upcoming book, Underdog Nation, I share even more of these stories of breaking cultural barriers to go from refugee to Marine officer to public company CEO. But life has shown me that if you put in the effort to follow these three keys, you'll see the results follow. How can you step outside of your comfort zone this week? How can you get yourself noticed? And how can you make sure you remember who you are?
IOL News
10-07-2025
- Politics
- IOL News
From Hamilton's 'You'll Be Back' to backfiring tariffs – the long legacy of US trade barriers
For anyone who has seen the Broadway musical, Hamilton, which tells the life-story of one of the US' founding fathers, you'll be more familiar with the scene in which 'King George III' sings 'You'll Be Back' in response to the American Revolutionary War than Alexander Hamilton's role in tariffs. Yet, Hamilton was key in what must be one of the oldest tariff proposals in the US' history. In 1789, he communicated the Act Laying Duties on Imports was to the United States House of Representatives, proposing that imported goods be more expensive, which would force Americans to buy more homemade products and boost the local manufacturing sector. While the direct results of Hamilton's tariffs are lost to history, this Act was followed by many more. In fact, the US has a long history of imposing import duties, with serious – yet unintended – negative consequences. The latest trade war is due to US President Donald Trump's recent imposition of tariffs, which varied widely from his first 'Liberation Day' announcement and have already been extended beyond August 1 for negotiations – except for South Africa and other countries that received a letter. In a 1976 paper detailing the background and emergence of the US Trade Commission, author John Dobson commented amid its 146 pages that: 'Perhaps the safest conclusion one can draw from a study of tariffs in general, and the history of the US tariff in particular, is that change, and controversy are ever present and perhaps inevitable.'
Yahoo
09-07-2025
- Business
- Yahoo
One early winner of the stablecoin craze is Alexander Hamilton's 241-year-old bank
A financial institution founded 241 years ago by Alexander Hamilton is emerging as one of the big early winners of Wall Street's new stablecoin craze. The latest sign came Tuesday when major crypto firm Ripple announced that Bank of New York Mellon (BK), also known as BNY, would become the primary custodian for the reserve assets of its $500 million stablecoin Ripple USD (RLUSD). The New York bank that can trace its roots back to 1784 and one of country's founding fathers will manage the mix of US Treasury bills and other notes owned by Ripple while also offering Ripple technology and other transaction banking services to underpin its stablecoin operations. BNY also already serves as a custody bank for the reserve assets of Circle's (CRCL) stablecoin USDC, the world's second largest. Ripple's RLUSD is the world's eighth-largest by circulating market capitalization. Stablecoins are cryptocurrencies pegged to assets such as the US dollar. They also serve as the lifeblood of the crypto world, accounting for the bulk of its transaction volume. Jack McDonald, senior vice president of stablecoins at Ripple, called BNY "the ideal partner" for its stablecoin initiative in a statement. "BNY brings together demonstrable custody expertise and a strong commitment to financial innovation in this rapidly changing landscape,' McDonald added in the statement. All of Wall Street is now trying to figure out how they can take advantage of what is expected to be wider adoption of stablecoins as potential legislation setting rules around stablecoins makes its way through Congress with the blessing of President Trump. Circle's stock has soared since going public last month and a group of big banks, including JPMorgan Chase (JPM), Wells Fargo (WFC), Citigroup (C), and PNC (PNC), are discussing the prospect of offering stablecoins in a collaborative effort, according to people familiar with the matter. Banks are also eyeing other crypto activities. At least two big Wall Street institutions — Morgan Stanley (MS) and Charles Schwab (SCHW) — plan to offer cryptocurrencies through their wealth management platforms sometime next year. Charles Schwab already offers margin loans against customer holdings of crypto exchange traded funds. But if there is one financial institution with a clear head start in making money off stablecoins and other digital assets, it is BNY. The massive custody bank was the first major US bank to launch a crypto custody service back in October 2022 after getting specific regulatory approval. BNY CEO Robin Vince called crypto the bank's "longest term play" during a January 2023 earnings call. BNY also offers crypto custody, transaction and data products to institutional clients including another big Wall Street player in crypto, BlackRock (BLK). Last September, Vince told Yahoo Finance the real opportunity it sees in the crypto world is how its technology can be used to change how dollars and other assets move around the world. 'The way we treat and make the dollar work efficiently and effectively in the world's financial system is going to evolve,' said Vince. BNY's stock rose slightly Wednesday morning. Since the beginning of the year, its up 22%, far outpacing performance of the S&P 500 and most other US banks. Along with JPMorgan Chase, Wells Fargo and Citigroup, BNY reports earnings on Tuesday. David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other areas in finance. His email is at Click here for in-depth analysis of the latest stock market news and events moving stock prices Sign in to access your portfolio
Fast Company
25-06-2025
- Business
- Fast Company
Engineering independence: Tariffs as a catalyst for STEM innovation
After a prolonged era of transnational economic dominance, tariffs are reemerging as transformative instruments capable of reshaping educational and economic landscapes—particularly within the burgeoning fields of science, technology, engineering, and mathematics (STEM) education. Often dismissed by proponents of global free trade as outdated protectionism, tariffs possess the potential to decentralize entrenched power structures, revive local manufacturing, invigorate small businesses, and significantly enhance national security, ultimately fostering vibrant, resilient communities anchored in robust STEM education. HISTORICAL CONTEXT OF TARIFFS Tariffs have a long historical legacy. Since the 17th and 18th centuries, they've been utilized extensively as economic tools to protect emerging industries and regulate international trade balances. Notably, the United States relied heavily on tariffs throughout the 19th century to successfully cultivate domestic manufacturing and reduce dependency on European powers. Founding figures such as Thomas Jefferson and Alexander Hamilton supported tariffs as strategic mechanisms to ensure national sovereignty and economic autonomy. Throughout history, tariffs have enabled nations to build robust industrial sectors by protecting young industries from overwhelming foreign competition. Though tariffs faced criticism in the 20th century as economically restrictive, recent disruptions in global trade have underscored their renewed importance in strengthening local economies and fostering community resilience. ECONOMIC ADVANTAGES Strategically implementing tariffs facilitates the decentralization of economic power from concentrated global networks toward localized, independent economies and limiting excessive federal government intervention by empowering state and municipal authorities. By incentivizing companies to relocate manufacturing closer to consumer markets, tariffs aim to stimulate local job creation, revitalize vocational and technical education, and cultivate a workforce whose skills align directly with industry requirements. This revival of local economies reduces unemployment rates and stimulates sustainable economic growth, fostering communities less vulnerable to global economic fluctuations. Tariffs also encourage entrepreneurship by leveling the competitive playing field and allowing small businesses to compete effectively against multinational corporations and fostering local economic resilience. EDUCATIONAL ADVANTAGES STEM education notably benefits from the economic shift facilitated by tariffs by becoming deeply integrated with hands-on, practical training and enabling students to acquire skills immediately relevant to employment. Tariffs can generate substantial government revenue without resorting to burdensome income taxes by allowing states and local governments targeted opportunities to enhance educational infrastructure, modern laboratories, and innovative STEM education curricula. Specific beneficial investments from these revenues include: Community Technology Centers Local facilities can be established that offer immersive, practical experiences in robotics, artificial intelligence, advanced manufacturing, cybersecurity, renewable energy technologies, and biotechnology. These centers could serve as hubs for innovation and allow students and community members to collaborate directly with industry professionals on real-world projects. Business leaders can actively participate by sponsoring equipment, funding innovative pilot programs, and contributing expert mentorship to ensure these facilities remain aligned with industry standards and technological advancements. Teacher Training Programs Teacher training programs should be designed to equip educators with cutting-edge technological skills and effective, innovative teaching methodologies. Business leaders can help by supporting professional development programs in collaboration with educational institutions, offering industry certifications for teachers, and funding workshops or summer institutes led by experts from technology and engineering sectors. Such initiatives ensure teachers remain at the forefront of STEM advancements by empowering them to effectively inspire and train future innovators. Scholarships And Grants Programs aimed specifically at broadening merit-based access to STEM education and specialized training opportunities can be targeted toward underrepresented or economically disadvantaged groups. Business leaders can significantly contribute by establishing corporate-sponsored scholarships, supporting STEM competitions and hackathons, and investing in grant programs that fund research and development projects led by young scientists and engineers. Additionally, tariff revenues can effectively foster strategic partnerships to advance STEM education by facilitating: Collaborations between companies, educational institutions, and government bodies can go a long way in developing tailored training curricula that reflect immediate workforce needs. Business leaders can spearhead such initiatives by identifying skill gaps within their sectors and funding customized training programs that directly address these gaps. Internships And Apprenticeships Structured programs can bridge classroom learning with hands-on industry experience. Businesses can proactively engage by creating paid internship and apprenticeship programs that ensure participants gain meaningful, practical exposure to technology-driven industries, thereby strengthening their career readiness and increasing industry retention rates. Public-Private Partnerships Encouraging collaborative efforts between corporations, local governments, and educational institutions can develop comprehensive strategies that align educational curricula with economic development goals. Business leaders can lead by investing in these partnerships, influencing policy-making decisions, and actively participating in advisory councils to shape impactful STEM education frameworks. These programs enhance workforce readiness, entrepreneurial initiatives, and local economic innovation, creating a highly skilled workforce that can adapt to evolving technological demands. BROADER PERSPECTIVES While some critics argue that tariffs constitute unnecessary market intervention, others emphasize their effectiveness in fostering economic independence compared to income taxes and heavy regulatory measures. Properly structured tariffs redirect market activities toward localized economic interactions, thereby promoting reduced federal intervention, diminished taxation, and increased community autonomy. Such approaches reinforce economic sovereignty, protect individual freedoms, and encourage local innovation. Balanced policy approaches can mitigate risks associated with tariffs by optimizing their benefits while minimizing unintended economic disruptions. When thoughtfully implemented, tariffs hold significant potential to enhance STEM education, boost local economies, facilitate practical skill acquisition, and strengthen national security. By decentralizing economic power, revitalizing local manufacturing, strategically reinvesting tariff-generated revenues, and supporting small businesses, tariffs can play a critical role in shaping resilient, prosperous communities. Despite inherent challenges, their strategic application represents a pragmatic pathway toward sustained technological growth, economic stability, and national security, empowering communities to adapt and thrive in a rapidly evolving global landscape.
