Harold Clark Simmons
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Harold Clark Simmons
Harold Clark Simmons (May 13, 1931 – December 29, 2013) was an American businessman, investor, and philanthropist whose banking expertise helped him develop the acquisition concept known as the leveraged buyout (LBO) to acquire various corporations. He was the owner of Contran Corporation and of Valhi, Inc., (a NYSE traded company about 90% controlled by Contran). , he controlled five public companies traded on the New York Stock Exchange: NL Industries; Titanium Metals Corporation, the world's largest producer of titanium; Valhi, Inc., a multinational company with operations in the chemicals, component products, Waste Control Specialists (waste management), titanium metals industries; CompX International, manufacturer of ergonomic products, and Kronos Worldwide, leading producer and marketer of titanium dioxide. Early life and education Simmons was born in Golden, Wood County, Texas, the son of Reuben Leon (1894–1954) and Fairess Clark Simmons (1903–1990).
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Brackets
A bracket is either of two tall fore- or back-facing punctuation marks commonly used to isolate a segment of text or data from its surroundings. Typically deployed in symmetric pairs, an individual bracket may be identified as a 'left' or 'right' bracket or, alternatively, an "opening bracket" or "closing bracket", respectively, depending on the Writing system#Directionality, directionality of the context. Specific forms of the mark include parentheses (also called "rounded brackets"), square brackets, curly brackets (also called 'braces'), and angle brackets (also called 'chevrons'), as well as various less common pairs of symbols. As well as signifying the overall class of punctuation, the word "bracket" is commonly used to refer to a specific form of bracket, which varies from region to region. In most English-speaking countries, an unqualified word "bracket" refers to the parenthesis (round bracket); in the United States, the square bracket. Glossary of mathematical sym ...
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New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital media, digital subscribers. It also is a producer of popular podcasts such as ''The Daily (podcast), The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones (publisher), George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won List of Pulitzer Prizes awarded to The New York Times, 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national "newspaper of record". For print it is ranked List of newspapers by circulation, 18th in the world by circulation and List of newspapers in the United States, 3rd in the U.S. The paper is owned by the New York Times Company, which is Public company, publicly traded. It has been governed by the Sulzberger family since 189 ...
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Tax Deferral
Tax deferral refers to instances where a taxpayer can delay paying taxes to some future period. In theory, the net taxes paid should be the same. Taxes can sometimes be deferred indefinitely, or may be taxed at a lower rate in the future, particularly for deferral of income taxes. Corporate tax deferral Corporations (or other enterprises) may often be allowed to defer taxes, for example, by using accelerated depreciation. Profit taxes (or other taxes) are reduced in the current period by either lowering declared revenue now, or by increasing expenses. In principle, taxes in future periods should be higher. Income tax deferral In many jurisdictions, income taxes may be deferred to future periods by a number of means. For example, income may be recognized in future years by using income tax deductions, or certain expenses may be provided as deductions in current rather than future periods. A 2010 study documents the large extent to which U.S. taxpayers accelerate their deductible sta ...
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Charles Schumer
Charles Ellis Schumer ( ; born November 23, 1950) is an American politician serving as Senate Majority Leader since January 20, 2021. A member of the Democratic Party, Schumer is in his fourth Senate term, having held his seat since 1999, and is the senior United States senator from New York. He is the dean of New York's congressional delegation. A native of Brooklyn and a graduate of Harvard College and Harvard Law School, Schumer was a three-term member of the New York State Assembly from 1975 to 1980. He served nine terms in the United States House of Representatives from 1981 to 1999, first representing New York's 16th congressional district before being redistricted to the 10th congressional district in 1983 and 9th congressional district ten years later. In 1998, Schumer was elected to the Senate, defeating three-term Republican incumbent Al D'Amato. He was reelected in 2004 with 71% of the vote, in 2010 with 66% of the vote, in 2016 with 70% of the vote, and in 2022 w ...
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Amalgamated Sugar Company
The Amalgamated Sugar Company is an American sugar beet-refining company run on a cooperative basis. It was founded in 1897 in Ogden, Utah, and is now located in Boise, Idaho. The company markets its sugar under the White Satin brand. Founding Ogden Sugar Company The Ogden Sugar Company was incorporated on December 6, 1897, at the Weber Club in Ogden, Utah. Directors included David Eccles, Thomas Duncombe Dee, George Q. Cannon, and John R. Winder, with Eccles as president and Dee as vice president. One of the first motions was to ask senators Frank J. Cannon and Joseph L. Rawlins and representative William H. King to oppose the Annexation of Hawaii into the United States. Eccles and Joseph Clark inspected a sugar beet factory in Los Alamitos, California, and contracted with the E. H. Dyer Construction Company of Cleveland, Ohio, to build a sugar beet factory in Ogden. Ogden Sugar began with a plant built in Ogden, Utah, in 1898. It was based on the success of the Ut ...
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Line-item Veto
The line-item veto, also called the partial veto, is a special form of veto power that authorizes a chief executive to reject particular provisions of a bill enacted by a legislature without vetoing the entire bill. Many countries have different standards for invoking the line-item veto if it exists at all. Each country or state has its own particular requirement for overriding a line-item veto. Countries allowing line-item veto Brazil The President of Brazil has the power of the line-item veto over all legislation (art. 84 Federal Constitution of 1988: "The President of the Republic has the exclusive powers to: (...) V.veto bills, either in whole or in part"). Any provisions vetoed in such a manner are returned to the Brazilian congress and can be overridden by a vote (art. 66 of the Federal Constitution). An example of this came in August 2012, when Dilma Rousseff vetoed portions of a new forestry law which had been criticized as potentially causing another wave of deforesta ...
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Bill Clinton
William Jefferson Clinton ( né Blythe III; born August 19, 1946) is an American politician who served as the 42nd president of the United States from 1993 to 2001. He previously served as governor of Arkansas from 1979 to 1981 and again from 1983 to 1992, and as attorney general of Arkansas from 1977 to 1979. A member of the Democratic Party, Clinton became known as a New Democrat, as many of his policies reflected a centrist "Third Way" political philosophy. He is the husband of Hillary Clinton, who was a senator from New York from 2001 to 2009, secretary of state from 2009 to 2013 and the Democratic nominee for president in the 2016 presidential election. Clinton was born and raised in Arkansas and attended Georgetown University. He received a Rhodes Scholarship to study at University College, Oxford and later graduated from Yale Law School. He met Hillary Rodham at Yale; they married in 1975. After graduating from law school, Clinton returned to Arkansas ...
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Boone Pickens
Thomas Boone Pickens Jr. (May 22, 1928 – September 11, 2019) was an American business magnate and financier. Pickens chaired the hedge fund BP Capital Management. He was a well-known takeover operator and corporate raider during the 1980s. As of November 2016, Pickens had a net worth of $500 million.Joe Nocera"How T. Boone Pickens Sits Tight in the Riskiest of Businesses,"''The New York Times'', November 12, 2016. Early life Pickens was born in Holdenville, Oklahoma, the son of Grace Marcaline (née Molonson), and Thomas Boone Sibley Pickens. His father worked as an oil and mineral landman (rights leaser). During World War II, his mother ran the local Office of Price Administration, rationing gasoline and other goods in three counties. Pickens was the first child born via Caesarean section in the history of Holdenville hospital.Wieberg, Steve"Tycoon's $165M gift to Oklahoma State raises both hopes and questions" ''USA Today'', August 15, 2006. His great-great-gra ...
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Georgia Gulf
The Axiall Corporation is a manufacturer and marketer of chlorovinyls (caustic soda, chlorine, VCM, EDC, PVC resins, PVC rigid and flexible compounds) and aromatics (acetone, cumene, phenol Phenol (also called carbolic acid) is an aromatic organic compound with the molecular formula . It is a white crystalline solid that is volatile. The molecule consists of a phenyl group () bonded to a hydroxy group (). Mildly acidic, it ...). With the acquisition of Royal Group Technologies the company is now also a major producer of building materials ranging from piping and siding to window profiles, decking, and fencing. The company operates 47 locations in numerous states such as Mississippi, Louisiana, Oklahoma, Michigan, Tennessee, and Texas, and is headquartered in Atlanta, Georgia. As of November, 2007 the company employed 6,214 full-time individuals. The Georgia Gulf Corp. became the Axiall Corp. with the completion of its $2 billion acquisition of PPG Industries Inc.' ...
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Elmo Zumwalt Jr
Elmo Russell "Bud" Zumwalt Jr. (November 29, 1920 – January 2, 2000) was a United States Navy officer and the youngest person to serve as Chief of Naval Operations. As an admiral and later the 19th Chief of Naval Operations, Zumwalt played a major role in United States military history, especially during the Vietnam War. A decorated war veteran, Zumwalt reformed United States Navy personnel policies in an effort to improve enlisted life and ease racial tensions. After he retired from a 32-year navy career, he launched an unsuccessful campaign for the United States Senate. Early life and education Zumwalt was born in San Francisco, California, the son of Elmo Russell Zumwalt, and his wife, Frances Pearl (née Frank) Zumwalt, both country doctors. Frances was raised Jewish, the daughter of Julius and Sarah Frank of Burlington, Vermont. His family moved to Los Angeles, California, where he grew up. She became estranged from her parents for marrying outside the faith, as the Zu ...
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United States Senate Committee On Armed Services
The Committee on Armed Services (sometimes abbreviated SASC for ''Senate Armed Services Committee'') is a committee of the United States Senate empowered with legislative oversight of the nation's military, including the Department of Defense, military research and development, nuclear energy (as pertaining to national security), benefits for members of the military, the Selective Service System and other matters related to defense policy. The Armed Services Committee was created as a result of the Legislative Reorganization Act of 1946 following U.S. victory in the Second World War. The bill merged the responsibilities of the Committee on Naval Affairs (established in 1816) and the Committee on Military Affairs (also established in 1816). Considered one of the most powerful Senate committees, its broad mandate allowed it to report some of the most extensive and revolutionary legislation during the Cold War years, including the National Security Act of 1947. The committee ...
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John Tower
John Goodwin Tower (September 29, 1925 – April 5, 1991) was an American politician, serving as a Republican United States Senator from Texas from 1961 to 1985. He was the first Republican Senator elected from Texas since Reconstruction. Tower also led the Tower Commission, which investigated the Iran-Contra Affair, and was an unsuccessful nominee for U.S. Secretary of Defense in 1989. Born in Houston, Texas, he served in the Pacific Theater of World War II. After the war, he worked as a radio announcer and taught at Midwestern University (now Midwestern State University) in Wichita Falls. He switched from the Democratic Party to the Republican Party in the early 1950s and worked on the 1956 presidential campaign of Dwight D. Eisenhower. Tower lost Texas's 1960 Senate election to Democratic Senator Lyndon B. Johnson, but performed relatively well compared to his Republican predecessors. With the Democratic victory in the 1960 presidential election, Johnson vacated his Senate ...
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