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Philip N. Diehl
Philip Noel Diehl (born June 11, 1951) is an American businessman and former monetary policy advisor who served as the 35th director of the United States Mint. He is the president of U.S. Money Reserve, a published analyst of gold markets and a member of the boards of the Industry Council for Tangible Assets, the Coalition for Equitable Regulation and Taxation and the Gold and Silver Political Action Committee. Early life and education Diehl was born in Dallas, Texas to Will A Diehl, a decorated World War II pilot who flew The Hump, and the former Wandah Marguerite Findley. Diehl graduated from Lubbock High School in Lubbock, Texas and earned a Bachelor of Arts degree from Austin College where he was a member of Sigma Tau Epsilon and active in political organizing on campus and in the community. He earned a Master of Arts degree in government from the University of Texas at Austin and received a fellowship for post-graduate work in political science at Stanford University. C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Director Of The United States Mint
The director of the United States Mint is a presidential appointment that requires a Senate confirmation. The incumbent is Ventris Gibson, who became director of the Mint on June 22, 2022, after serving in acting capacity. When the position of the director is vacant, the senior career (non-political) official of the mint serves as the acting director. Until the appointment of Ryder as director, the Mint had been without an official director since the resignation of Edmund C. Moy in 2011. Richard A. Peterson succeeded Moy. Peterson served between January 2011 and March 2017. The longest serving director was Nellie Ross. Ross, who had earlier been the first female governor in American history while serving the state of Wyoming, was director from 1933 until 1953. In July 2015, Matthew Rhett Jeppson was nominated by President Barack Obama to become the Mint's 39th director and was given the temporary title of principal deputy director. However, the nomination was never confirm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ralph Yarborough
Ralph Webster Yarborough (June 8, 1903 – January 27, 1996) was an American politician and lawyer. He was a Texas Democratic politician who served in the United States Senate from 1957 to 1971 and was a leader of the progressive wing of his party. Along with Senate Majority Leader Lyndon B. Johnson and Speaker of the House Sam Rayburn, but unlike most Southern congressmen, Yarborough refused to support the 1956 Southern Manifesto, which called for resistance to the racial integration of schools and other public places. Yarborough voted in favor of the Civil Rights Acts of 1957, 1960, 1964, and 1968, as well as the 24th Amendment to the U.S. Constitution, the Voting Rights Act of 1965, and the confirmation of Thurgood Marshall to the U.S. Supreme Court. Yarborough was the only senator from a state that was part of the Confederacy to vote for all five bills. Born in Chandler, Texas, Yarborough practiced law in El Paso after graduating from the University of Texas School of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Patronage
Patronage is the support, encouragement, privilege, or financial aid that an organization or individual bestows on another. In the history of art, arts patronage refers to the support that kings, popes, and the wealthy have provided to artists such as musicians, painters, and sculptors. It can also refer to the right of bestowing offices or Benefice, church benefices, the business given to a store by a regular customer, and the patron saint, guardianship of saints. The word "patron" derives from the la, patronus ("patron"), one who gives benefits to his clients (see Patronage in ancient Rome). In some countries the term is used to describe political patronage or patronal politics, which is the use of state resources to reward individuals for their electoral support. Some patronage systems are legal, as in the Canadian tradition of the Prime Minister to appoint Senate of Canada, senators and the heads of a number of commissions and agencies; in many cases, these appointments go to ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senate
The United States Senate is the upper chamber of the United States Congress, with the House of Representatives being the lower chamber. Together they compose the national bicameral legislature of the United States. The composition and powers of the Senate are established by Article One of the United States Constitution. The Senate is composed of senators, each of whom represents a single state in its entirety. Each of the 50 states is equally represented by two senators who serve staggered terms of six years, for a total of 100 senators. The vice president of the United States serves as presiding officer and president of the Senate by virtue of that office, despite not being a senator, and has a vote only if the Senate is equally divided. In the vice president's absence, the president pro tempore, who is traditionally the senior member of the party holding a majority of seats, presides over the Senate. As the upper chamber of Congress, the Senate has several powers o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Mint
The United States Mint is a bureau of the Department of the Treasury responsible for producing coinage for the United States to conduct its trade and commerce, as well as controlling the movement of bullion. It does not produce paper money; that responsibility belongs to the Bureau of Engraving and Printing. The first United States Mint was created in Philadelphia in 1792, and soon joined by other centers, whose coins were identified by their own mint marks. There are currently four active coin-producing mints: Philadelphia, Denver, San Francisco, and West Point. History The Massachusetts Bay Colony established a mint in Boston in 1652. John Hull was Treasurer and mintmaster; Hull's partner at the "Hull Mint" was Robert Sanderson. The historical marker reads: The first authorization for the establishment of a mint in the United States was in a resolution of the Congress of the Confederation of February 21, 1782, and the first general-circulation coin of the United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Senate Finance Committee
The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery; deposit of public moneys; general revenue sharing; health programs under the Social Security Act (notably Medicare and Medicaid) and health programs financed by a specific tax or trust fund; national social security; reciprocal trade agreements; tariff and import quotas, and related matters thereto; and the transportation of dutiable goods. It is considered to be one of the most powerful committees in Congress. History The Committee on Finance is one of the original committees established in the Senate. First created on December 11, 1815, as a select committee and known as the Committee o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lloyd Bentsen
Lloyd Millard Bentsen Jr. (February 11, 1921 – May 23, 2006) was an American politician who was a four-term United States Senator (1971–1993) from Texas and the Democratic Party nominee for vice president in 1988 on the Michael Dukakis ticket. He also served as the 69th United States Secretary of the Treasury under President Bill Clinton. Born in Mission, Texas, Bentsen graduated from the University of Texas School of Law before serving in the Air Force during World War II. He was awarded the Distinguished Flying Cross for his service in Europe. After the war, he won election to the United States House of Representatives, serving from 1948 to 1955. He defeated incumbent Senator Ralph Yarborough in the 1970 Democratic Senatorial primary and won the general election against George H. W. Bush. He was reelected in 1976, 1982, and 1988, and served as the Chairman of the Senate Finance Committee from 1987 to 1993. In the Senate, he helped win passage of the Employee Retireme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Market Power
In economics, market power refers to the ability of a firm to influence the price at which it sells a product or service by manipulating either the supply or demand of the product or service to increase economic profit. In other words, market power occurs if a firm does not face a perfectly elastic demand curve and can set its price (P) above marginal cost (MC) without losing revenue.Syverson, C. (2019). Macroeconomics and Market Power. The Journal of Economic Perspectives, 33(3), 23-43. https://doi.org/10.1257/jep.33.3.23 This indicates that the magnitude of market power is associated with the gap between P and MC at a firm's profit maximising level of output. Such propensities contradict perfectly competitive markets, where market participants have no market power, P = MC and firms earn zero economic profit. Market participants in perfectly competitive markets are consequently referred to as 'price takers', whereas market participants that exhibit market power are referred to as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
AT&T
AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. It is the world's largest telecommunications company by revenue and the third largest provider of mobile telephone services in the U.S. , AT&T was ranked 13th on the ''Fortune'' 500 rankings of the largest United States corporations, with revenues of $168.8 billion. During most of the 20th century, AT&T had a monopoly on phone service in the United States. The company began its history as the American District Telegraph Company, formed in St. Louis in 1878. After expanding services to Arkansas, Kansas, Oklahoma and Texas, through a series of mergers, it became Southwestern Bell Telephone Company in 1920, which was then a subsidiary of American Telephone and Telegraph Company. The latter was a successor of the original Bell Telephone Company founded by Alexander Graham Bell in 1877. The American Bell Telephone Company formed the American Teleph ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dominance (economics)
Market dominance describes when a firm can control markets. A dominant firm possesses the power to affect competition and influence market price. A firms' dominance is a measure of the power of a brand, product, service, or firm, relative to competitive offerings, whereby a dominant firm can behave independent of their competitors or consumers, and without concern for resource allocation. Dominant positioning is both a legal concept and an economic concept and the distinction between the two is important when determining whether a firm's market position is dominant. Sources of Market Dominance Firms can achieve dominance in their industry through multiple means, such as; * First-mover advantage, * Innovation, * Brand Equity, and * Economies of scale. First-Mover Advantages Many dominant firms are the first "important" competitor in their industry. These firms can achieve short- or long-term advantages over their competitors when they are the first offering in a new indu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Texas Legislature
The Texas Legislature is the state legislature of the US state of Texas. It is a bicameral body composed of a 31-member Senate and a 150-member House of Representatives. The state legislature meets at the Capitol in Austin. It is a powerful arm of the Texas government not only because of its power of the purse to control and direct the activities of state government and the strong constitutional connections between it and the Lieutenant Governor of Texas, but also due to Texas's plural executive. The Legislature is the constitutional successor of the Congress of the Republic of Texas since Texas's 1845 entrance into the Union. The Legislature held its first regular session from February 16 to May 13, 1846. Structure and operations The Texas Legislature meets in regular session on the second Tuesday in January of each odd-numbered year. The Texas Constitution limits the regular session to 140 calendar days. The lieutenant governor, elected statewide separately from the gov ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bell System Divestiture
The breakup of the Bell System was mandated on January 8, 1982, by an agreed consent decree providing that AT&T Corporation would, as had been initially proposed by AT&T, relinquish control of the Bell Operating Companies, which had provided local telephone service in the United States. This effectively took the monopoly that was the Bell System and split it into entirely separate companies that would continue to provide telephone service. AT&T would continue to be a provider of long-distance service, while the now-independent Regional Bell Operating Companies (RBOCs), nicknamed the "Baby Bells", would provide local service, and would no longer be directly supplied with equipment from AT&T subsidiary Western Electric. This divestiture was initiated by the filing in 1974 by the United States Department of Justice of an antitrust lawsuit against AT&T. AT&T was, at the time, the sole provider of telephone service throughout most of the United States. Furthermore, most telephonic eq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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