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In 15th-century Germany, Johannes Gutenberg developed a printing press, a machine that allowed for mass production of texts. It is considered by many to be one of the most significant technological advancements of the last millennium.Though Gutenberg often receives credit as the inventor of the printing press, sometime earlier, roughly 5,000 miles away, Koreans had already developed a movable-type printing press.There is no question that East Asians were first. There is also no question that Gutenberg's invention in Europe had a far greater impact."What is not known is whether Gutenberg knew about the Korean printing or not. And if we...

The Biden administration is reportedly teeing up another massive economic spending package that's focused on child care, paid family leave and other domestic priorities. The Washington Post reported late Monday that President Biden plans to unveil the American Families Plan, the second part of his multitrillion-dollar Build Back Better agenda, ahead of his address to a joint session of Congress on April 28. It comes just a few weeks after Biden released the American Jobs Plan, a $2.25 trillion tax and spending initiative that would make massive investments in the nation's roads and bridges, as well as water systems, green...

Four intruders barged into the printing plant of the Hong Kong edition of The Epoch Times in the early hours of April 12, damaging computers and printing equipment in an attack believed to be the latest effort by the Chinese Communist Party (CCP) to silence the news outlet. In an attack on the same facility in November 2019, four masked men set fire to two printing presses; the perpetrators are still at large. Cheryl Ng, a spokeswoman for the Hong Kong edition, said the intrusion was characteristic of the CCP and had the aim of silencing an independent outlet from...

By faith Abraham, when he was called to go out into a place which he should after receive for an inheritance, obeyed; and he went out, not knowing whither he went. By faith he sojourned in the land of promise, as in a strange country, dwelling in tabernacles with Isaac and Jacob, the heirs with him of the same promise:For he looked for a city which hath foundations, whose builder and maker is God.Through faith also Sara herself received strength to conceive seed, and was delivered of a child when she was past age, because she judged him faithful who...

istory is the account of vast social movements and cultural changes. To be sure, individuals play their part. But they are usually understood to be products of their times. The Reformation, though, whose five-hundredth anniversary we observe this year and whose impact on not only the church but the world has been monumental, was largely precipitated by one man: Martin Luther. Yes, vast social movements and cultural changes were at work in sixteenth-century Europe. But Luther caused many of them, such as the educational explosion that would lead to universal literacy, the rise of the middle class, and eventually democratic...

Donald J. Trump @realDonaldTrump Covid Relief Negotiations are moving along. Go Big! 8:48 AM · Oct 9, 2020·Twitter for iPhone 20K Retweets 2.2K Quote Tweets 112.2K Likes MatthewJshow @MatthewJshow · 4h Replying to @realDonaldTrump GREATEST PRESIDENT EVER!

The Congressional Budget Office says the deficit will hit $3.3 trillion this year. The national debt will exceed the size of America's gross domestic product for the first time since the end of World War II.When the federal government's fiscal year ends on the last day of September, America's national debt will nearly match the size of the nation's economy for the first time since the end of World War II, according to projections from the Congressional Budget Office (CBO). The national debt will equal 98 percent of America's gross domestic product, a rough measurement of the size of the...

House Democrats are pushing forward with a massive fifth round of coronavirus relief legislation that could be their most far-reaching effort yet to address the economic fallout of the pandemic -- and come with another price tag in the trillions. While the House is still technically on recess, Democratic leadership and committee chairs have been drafting their legislative laundry lists for the relief package that could rival the cost of the $2.2 trillion CARES Act that passed in March, or exceed it. "We're looking at a multitrillion-dollar bill," one House Democratic aide told Fox News. While the text of the...

Treasury Secretary Steven Mnuchin said Monday the Trump administration is prepared to back additional stimulus money to blunt the economic pain of the coronavirus pandemic if necessary. "If we need to put more money out to support American business and American workers, the president is absolutely prepared to do that," Mnuchin told FOX Business' Maria Bartiromo on Monday.

Old enough to drive a car? Then you would be old enough to receive $2,000 a month under a plan introduced this week by two Democratic lawmakers in the House of Representatives. Under the Emergency Money for the People Act, US citizens who are 16 or older — and make less than $130,000 a year — would receive cash payments from the federal government for at least six months and until unemployment falls to pre-pandemic levels. The bill was introduced Tuesday by Rep. Tim Ryan, a former presidential candidate associated with the moderate wing of the Democratic Party, and Rep....

If you think that the world's greatest inventions came from the fevered minds of solitary geniuses, think again. As you scan this list of the 10 inventions that changed the world, note how many of them perfected workable designs. 10. Plow Compared to some of the gleaming, electronic inventions that fill our lives today, the plow doesn't seem very exciting. It's a simple cutting tool used to carve a furrow into the soil, churning it up to expose nutrients and prepare it for planting. Yet the plow is probably the one invention that made all others possible. No one knows...

Well, the trillion-dollar-coin thing — deal with the debt ceiling by exploiting a legal loophole to have the Treasury mint one or more large-denomination coins, deposit them at the Fed, and use the cash in the new account to pay bills — has really taken off. Last month I spoke with a senior Fed official who had never heard of the idea; these days it’s all over. There seem to be two kinds of objections. One is that it would be undignified. Here’s how to think about that: we have a situation in which a terrorist may be about to...

1938 in 2010 By PAUL KRUGMAN Here’s the situation: The U.S. economy has been crippled by a financial crisis. The president’s policies have limited the damage, but they were too cautious, and unemployment remains disastrously high. More action is clearly needed. Yet the public has soured on government activism, and seems poised to deal Democrats a severe defeat in the midterm elections. The president in question is Franklin Delano Roosevelt; the year is 1938. Within a few years, of course, the Great Depression was over. But it’s both instructive and discouraging to look at the state of America circa 1938...

Obama Should Reappoint Bernanke Brian S. Wesbury and Robert Stein, 05.19.09, 12:00 AM EDT The present Fed chairman is a much better choice than Larry Summers. Treasury Secretary Timothy Geithner recently said in an interview that the No. 1 policy mistake that helped cause our economic and financial turmoil was that "monetary policy around the world was too loose, too long." Some people may think this was Geithner's way of throwing Federal Reserve Chairman Ben Bernanke under the bus. After all, although former Fed Chair Alan Greenspan has been getting the lion's share of the blame for overly loose money...

Fed not distracted by circus over bonuses Commentary: FOMC ramps up credit easing in face of worsening economy By MarketWatch Last update: 2:48 p.m. EDT March 18, 2009 WASHINGTON (MarketWatch) -- The grownups in Washington aren't about to let the latest political and media circus over ill-gotten bonuses distract them from saving this economy. The Federal Open Market Committee acted very boldly Wednesday, promising to crank up the money supply until the economy starts breathing on its own again. The FOMC said it would buy up to $300 billion in longer-term Treasurys over the next six months. And it said...

Federal Reserve officials felt a 14th straight increase in interest rates last month put borrowing costs near where they needed to be, but agreed they could not rule out more hikes, given inflation risks. "Although the stance of policy seemed close to where it needed to be given the current outlook, some further policy firming might be needed to keep inflation pressures contained and the risks to price stability and sustainable economic growth roughly in balance," minutes from the Fed's January 31 policy-setting meeting released on Tuesday said. The minutes said some officials believed "somewhat" higher than desired readings on...

Azurite, cinnabar, malachite, verdigris, carbon: These are the true colors of the Bible -- the Gutenberg Bible, that is. For the first time in 600 years, the world has become privy to the mysterious substances used to illustrate the rare volumes of God's word produced by the German printer Johann Gutenberg circa 1454. It took a pair of enterprising researchers with a delicate touch to isolate the composition of the nine colors -- painstakingly concocted by unknown artists from such substances as precious metals and minerals, ground chalk, copper, plants and even insects. Gregory Smith, an artifact conservation specialist at...