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Pollock v. Farmers' Loan & Trust Company, 157 U.S. 429 (1895), affirmed on rehearing, 158 U.S. 601 (1895), was a landmark case of the Supreme Court of the United States. In a 5-4 decision, the Supreme Court struck down the income tax imposed by the Wilson–Gorman Tariff Act for being an unapportioned direct tax. The decision was superseded in 1913 by the Sixteenth Amendment to the United ...
A payment system is any system used to settle financial transactions through the transfer of monetary value. This includes the institutions, payment instruments such as payment cards, people, rules, procedures, standards, and technologies that make its exchange possible. [1] [2] A payment system is an operational network which links bank accounts and provides for monetary exchange using bank ...
New Orleans Recreation Department. The New Orleans Recreation Department is the department of the local government of the city of New Orleans, Louisiana USA, that operates and maintains recreational facilities for the people of the city. It is commonly known by the acronym NORD.
Frederik Meijer Gardens & Sculpture Park is a 158-acre (64 ha) botanical garden, art museum, [3] and outdoor sculpture park located in Grand Rapids Township, Michigan, United States. Opened in 1995, Meijer Gardens quickly established itself in the Midwest as a major cultural attraction jointly focused on horticulture and sculpture.
In finance, default is failure to meet the legal obligations (or conditions) of a loan, [1] for example when a home buyer fails to make a mortgage payment, or when a corporation or government fails to pay a bond which has reached maturity. A national or sovereign default is the failure or refusal of a government to repay its national debt .
The Cross-border Interbank Payment System ( CIPS) is a Chinese payment system that offers clearing and settlement services for its participants in cross-border renminbi (RMB) payments and trade. CIPS is backed by the People's Bank of China and was launched in 2015 as part of a policy effort to internationalize the use of China’s currency.
Eventually becoming the Bar-O Ranch, several parcels of land were subsequently donated by Louise Merrick between 1976 and 1982 to establish the Hill Country State Natural Area. Merrick stipulated that the property was “to be kept far removed and untouched by modern civilization, where everything is preserved intact, yet put to a useful ...
The history of the United States from 2008 to the present began with the collapse of the housing bubble, which led to the Great Recession. The resulting economic downturn and general discontent led Barack Obama to win the presidential election in 2008, becoming the country's first African-American president. Obama's domestic agenda notably included economic stimulus packages and the Affordable ...
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