Archive for November 19th, 2010

November 19, 2010

Woz

woz

Stephen Wozniak (b. 1950) is an American computer engineer who co-founded Apple Computer, Inc. with Steve Jobs and Ronald Wayne. His inventions and machines are credited with contributing significantly to the personal computer revolution of the 1970s. Wozniak created the Apple I and Apple II computers in the mid-1970s. Wozniak lives in Los Gatos, California. He is a member of a Segway Polo team, the Silicon Valley Aftershocks. His favorite video game is Tetris.] In the 1990s he submitted so many high scores for the game to Nintendo Power that they would no longer print his scores, so he started sending them in under the alphabetically reversed ‘Evets Kainzow.’

In 1980, Apple went public and made Jobs and Wozniak multimillionaires. However, Jobs had refused to allow some employees of Apple to receive stock options, so Wozniak decided to share some of his founder stock with the rest of the team by either giving them away for free or at a heavily discounted price. This was dubbed ‘The Woz Plan.’ Wozniak permanently ended his full-time employment with Apple in 1987, 12 years after creating the company. He still remains an employee (and receives a paycheck) and is a shareholder. He presently works for Fusion-io, a data storage and server company, in Salt Lake City, Utah as their chief scientist.

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November 19, 2010

CSA Dollar

csa dollar

The Confederate States of America dollar was first issued into circulation in April 1861, when the Confederacy was only two months old, and on the eve of the outbreak of the Civil War. At first, Confederate currency was accepted throughout the South as a medium of exchange with high purchasing power. As the war progressed, however, confidence in the ultimate success waned, the amount of paper money increased, and their dates of redemption were extended further into the future.

The inevitable result was depreciation of the currency, and soaring prices characteristic of inflation. For example, by the end of the war, a cake of soap could sell for as much as $50 and an ordinary suit of clothes was $2,700. Near the end of the war, the currency became practically worthless as a medium of exchange. When the Confederacy ceased to exist as a political entity at the end of the war, the money lost all value as fiat currency.

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