The first iPhone was released today – June 29 – in 2007.
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What determines whether a country runs a surplus or a deficit? The factors are interrelated. As a country’s currency appreciates, its goods become more expensive abroad and foreign goods become cheaper at home, incentivizing more imports and fewer exports, and thus pushing the current account toward deficit. Depreciation has the opposite effect.
~ Michael Starr via American Affairs
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John W. Vessey Jr. – the American four-star general who served as the 10th Chairman of the Joint Chiefs of Staff and the 10th Vice Chief of Staff of the Army – was born on this day – June 29, 1922 – in Minneapolis, Minnesota.
He was a graduate of the University of Maryland, George Washington University, and the National War College.
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When information is cheap, attention becomes expensive.
~ James Gleick
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Annie Jacobsen — the American writer — was born on June 28, 1967 in Middletown, Connecticut.
She is the author of a number of aclaimed books including Operation Paperclip, Area 51, The Pentagon’s Brain, and Nuclear War: A Scenario.
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Elon Reeve Musk – the American entrepreneur – was born on this day – June 28, 1971 – in Pretoria, South Africa.
He holds a BA in physics and a BS in economics from the University of Pennsylvania.
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