George H. W. Bush Biography

George Herbert Walker Bush (1924-2018) was the 41st President of the United States. He was born on June 12, 1924, in Milton, Massachusetts. He was an oil businessman and politician who served as Texas Congressman, Ambassador to the United Nations, CIA director, Vice President, and as the 41st President of the United States. He died on November 30, 2018, at the age of 94. Fast Facts: George H.W. Bush Known For: 41st president of the U.S., enlisted in World War II at the age of 18 and became the youngest aviator at the time, founded his own oil company in Texas and became a millionaire by the age of 40, U.S. congressman from Texas’ 7th District from 1967 to 1971, Ambassador to the United Nations, and director of the Central Intelligence Agency.Born: June 12, 1924Died: November 30, 2018Term in Office: January 20, 1989 - January 20, 1993Education: Graduated from Yale University with a degree in economicsSpouse: Barbara Bush (nee Pierce)Children: George W. Bush,  43rd President of the U.S.; Pauline Robinson (Robin) who died at age three; John F. Jeb Bush, Governor of Florida (1999-2007);  Neil M. Bush; Marvin P. Bush; and Dorothy W. Doro Bush Family Ties and Marriage George H. W. Bush was born to Prescott S. Bush, a wealthy businessman and Senator, and Dorothy Walker Bush. He had three brothers, Prescott Bush, Jonathan Bush, and William Buck Bush and one sister, Nancy Ellis. On January 6, 1945, Bush married  Barbara Pierce. They had been engaged before he went off to serve in World War II. When he returned from the war in late 1944, Barbara dropped out of Smith College. They were married two weeks after his return. Together, they had four sons and two daughters: George W. (43rd President of the U.S.), Pauline Robinson (who died at age three), John F. Jeb Bush (former governor of Florida),  Neil M. Bush, Marvin P. Bush, and Dorothy W. Doro Bush. At the time of Barbara’s death on April 17, 2018, she and George H. W. had been married for 73 years, making them the longest-married presidential couple in U.S. history. Of his beloved Barbara, Bush once wrote: â€Å"I have climbed perhaps the highest mountain in the world, but even that cannot hold a candle to being Barbaras husband.† George Bushs Military Service Before going to college, Bush signed up to join the navy and fight in World War II. He rose to the level of lieutenant. He was a navy pilot, flying 58 combat missions in the Pacific. He was injured bailing out of his burning aircraft during a mission and was rescued by a submarine. Life and Career Before the Presidency Bush came from a wealthy family and attended private schools. After high school, he joined the Navy to fight in World War II before going to Yale University. He graduated from Yale with honors in 1948, earning a degree in economics. Bush began his career right out of college working in the oil industry in Texas and created a lucrative career for himself. He became active in the Republican Party. In 1967, he won a seat in the U.S. House of Representatives. In 1971, he was U.S. ambassador to the United Nations. He served as the chairman of the Republican National Committee (1973-74). He was the chief liaison to China under President Ford. From 1976 to 1977, he served as the director of the CIA. From 1981 to 1989, he served as Vice President under Reagan. Becoming the President Bush gained the nomination in 1988 to run for president and chose Dan Quayle to run as his vice president. He was opposed by Democrat Michael Dukakis. The campaign was extremely negative and centered around attacks instead of plans for the future. Bush won with 54 percent of the popular vote and 426 out of 537 electoral votes. George Bush’s Presidency Much of George Bushs attention was focused  on foreign policies. Invasion of Panama (1989): Codenamed Operation Just Cause, the invasion was the result of continuing dissatisfaction with the actions of general and dictator Manuel Noriega. His side lost the election but refused to step down. Because of U.S. interests in the canal zone and Noriega’s shifting allegiance to the Soviet Union, Bush sent troops into Panama to depose General Manuel Noriega in December 1989. Noriega was heavily involved in drug trafficking. The attack was a success, with Noriega removed from power.Persian Gulf War (1990-91):  Saddam Hussein’s Iraqi forces invaded and occupied Kuwait in August of 1990. Other Middle Eastern states, such as Egypt and Saudi Arabia, became alarmed and called on the U.S. and other allies to assist. From January to February 1991, a U.S.-led coalition fought and defeated the Iraqi forces in Kuwait.  This action was given the name Desert Storm. When the Iraqi forces were removed from Kuwait, Bush stopped all military activity and did not pursue deposing Saddam Hussein. Bush’s handling of the invasion in Kuwait is often considered to have been his greatest presidential success.From 1990 to 1991, the Soviet Union began breaking up as the Communist Party let go of its stranglehold on the country. The Berlin Wall came down in 1990.Economically, Bush boxed himself into a corner with his campaign promise Read my lips: No new taxes. However, he was required to sign  a bill into law  to raise taxes to try and reduce the deficit.Savings and Loan bailout (1989): At the time, the savings and loan bailout of 1989 was considered to be the worst financial crisis since the Great Depression. Bush signed into law a  Ã¢â‚¬â€¹bailout plan paid for by taxpayers.Exxon Valdez oil spill in Alaska (1989): The oil tanker hit Bligh Reef in Prince William Sound on March 23rd and subsequently lost 10.8 million gallons of oil. The disaster was further compounded by slow emergency response and impacted over 1,300 miles of co astline.Clean Air Act (1990): President Bush officially added his support to the Clean Air Act, hastening its long-delayed passage in Congress.Daily Point of Light Award (1990): Bush created the Daily Point of Light Award to recognize ordinary Americans for taking voluntary action to solve serious social problems in the communities. Over the course of his presidency, Bush recognized 1,020 Daily Points of Light award recipients representing all 50 states who had worked to address problems ranging from childhood AIDS to adult illiteracy and from gang violence to homelessness. Today, the Points of Light organization continues to award Daily Point of Light recognition annually. The 5,000th Daily Point of Light Award was awarded by President Barack Obama on July 15, 2013.Americans with Disabilities Act (1990): The ADA was a  civil rights law designed to grant similar protections as the Civil Rights Act of 1964 to people with disabilities. Life After the Presidency After losing the 1992 election to Bill Clinton, Bush largely retired from public service. When his eldest son, George W. Bush, won the presidency in 2000, Bush Sr. made frequent public appearances in support of his son and many political and social causes. In 2005, he joined with former President Clinton to raise funds for the victims of Hurricane Katrina, which devastated the Gulf Coast region in 2005. In a matter of months, the Bush-Clinton Katrina Fund raised more than $100 million in donations. In 2011, President Barack Obama honored Bush by awarding him the Presidential Medal of Freedom.   Death Suffering from Parkinsons disease since 2012, Bush died at his home in Houston, Texas on November 30, 2018, at age 94. In a statement issued from the G20 summit in Buenos Aires, President Donald Trump praised Bush’s leadership and accomplishments. â€Å"Through his essential authenticity, disarming wit, and unwavering commitment to faith, family, and country, President Bush inspired generations of his fellow Americans to public service  Ã¢â‚¬â€Ã‚  to be, in his words, ‘a thousand points of light,’† the statement read in part. Former President George H.W. Bush is buried on the grounds of the George H.W. Bush Presidential Library in College Station, Texas, next to Barbara and their daughter Robin, who died at age three. Historical Significance Bush was president when the Berlin Wall fell and the Soviet Union fell apart. He sent troops into Kuwait to help fight Iraq and Saddam Hussein in the first Persian Gulf War. In 1989, he also ordered the removal of General Noriega from power in Panama by sending in troops. George H W Bush Quotes Appeasement does not work. As was the case in the 1930s, we see in  Saddam Hussein  an aggressive dictator threatening his neighbors. â€Å"I think the 24-hour news cycle has helped exaggerate the differences between the parties. You can always find someone on TV somewhere carping about something. That didnt happen 20 years ago.† â€Å"I do not like broccoli. And I havent liked it since I was a little kid and my mother made me eat it. And Im President of the United States and Im not going to eat any more broccoli.† Sources Home. George H.W. Bush Presidential Library Center. Home. Points of Life, 2019. Trump, Donald. President Trump message on the death of former President George H.W. Bush. U.S. Embassy Consulates in Italy, December 1, 2018.

Tax Research Essay - 1075 Words

Tax Research Problem 6-59 Parent Corporation owns 85% of the common stock and 100% of the preferred stock of Subsidiary Corporation. The common stock and preferred stock have adjusted bases of $500,000 and $200,000, respectively, to Parent. Subsidiary adopts a plan of liquidation on July 3 of the current year, when its assets have a $1 million FMV. Liabilities on that date amount to $850,000. On November 9, Subsidiary pays off its creditors and distributes $150,000 to Parent with respect to its preferred stock. No cash remain to be aid to Parent with respect to the remaining $50,000 of its liquidation preference for the preferred stock, or with respect to any common stock. In each of Subsidiary’s tax years, less than %10 of its gross†¦show more content†¦In a Court-reviewed opinion, we held that the phrase all its stock did not include nonvoting stock which is limited and preferred as to dividends. 27 T.C. at 688. Thus, Hazleton Bakeries distribution, which was in respect of only the nonvotin g preferred stock, was not a distribution in complete cancellation or redemption of all its stock. The case of H.K. Porter Co., Inc. 87 T.C. 689 (1986) also had a subsidiary liquidate assets and the distribute failed to cover the preferred stock’s liquidation preference. On its 1978 and 1979 Federal income tax returns, petitioner claimed losses with respect to its Porter Australia stock. In his notice of deficiency, respondent disallowed said losses because under I.R.C. Sec. 332, no gain or loss is recognized on the receipt of property distributed in complete liquidation of a subsidiary corporation. The court ruled in favor of H.K. Porter. â€Å"Finally, because we have held that section 332 does not bar the recognition of petitioners losses, we hold that, based on the record, petitioner is entitled to an ordinary loss of $249,981 in 1978 with respect to the worthlessness of its common stock and a long-term capital loss of $1,957,770 in 1979 with respect to its preferred stock. See sec. 165(a) and (g).† Like both cases Parent Corporation received assets in a liquidatingShow MoreRelatedThe Tax Research Process2775 Words   |  12 PagesThe Tax Research Process The overriding purpose of tax research is to find solutions to the tax problems of one’s clients or employer. The process is similar to that of traditional legal research. The researcher must find authority, evaluate the usefulness of that authority, and apply the results of the research to a specific situation. 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The Benefits of Student-Run Extra Curricular Activities free essay sample

The Benefits of Student-Run Extracurricular Activities Nearly every student today finds school tiresome, repetitive, and boring, which is why they rely on hobbies, clubs, and each other to stay sane. Can you imagine a world where kids did nothing but go to school, go home, eat, do homework, and go to bed every day? In his article for ChiPsych Today, child psychologist Dr. John Jacob Jingleheimer Schmidt states that â€Å"This type of world would deteriorate fast since students would never learn to function in the complex society that we live in today†. These children would become stressed, lonely, and antsy. Conformity would infect the schoolyards and classrooms because children wouldn’t have the chance to diversify or grow up independently. This is why it is crucial for students, their learning, and society in general for schools to do everything that they can to encourage and support student run extracurricular activities. Schools should support these types of activities because they benefit the students by reducing loneliness and ostracism, they benefit learning by teaching students things that they do not have the opportunity to learn in the classroom, and they benefit society by providing it with a more diverse, well-equipped workforce. Being social is a part of school that highly contributes to the happiness level of students. No matter how shy or introverted a student is, to get through high school happily and successfully, theyneed friends to share themselves with, to keep them company, and to practice their social skills with. A child without a friend is like a plant without water because he or she will never develop properly without one. Student-run clubs provide strong social bonds that bring students with common interests together. Trying to make friends is often a very difficult task for youth these days† says Dr. J. J. J. Schmidt, â€Å"many students have trouble making friends with other students in the classroom because they are not allotted the time or opportunity in class to socialise or even find peers with similar tastes†. Extra-curricular activities allow children to socialise with similar peers and to feel a sense of community. Having hobbies reduces stress by providing a creative outle t in an often stressful time in a child’s life and can therefore reduce students’ hostility towards one another. Children and youth often bully and be cruel to one another, and because youth is such a difficult time, children are usually mean to each other not because they are angry at one another but because they are highly stressed and angry at the world. According to Statistics Canada, 51% of all assault charges among children are caused by children who report being unhappy at school. If letting children do what they love will decrease stress and anger and promote acceptance among the school community, then schools should feel obliged to do so. While teaching them social skills, these types of extracurricular activities teach youth other things such as how to lead and take initiative. Student-run clubs are a great environment for students to learn leadership, initiative, teamwork, and community. The youth involved are made to engage and interact with each other without guidance (a skill that is nearly impossible to teach in a controlled, classroom environment). When students of common interest are brought together to try and get clubs or activities going, they take their passion for the subject at hand and they apply it in real-world scenarios. They must act unaided to achieve their own personal goals. The classroom provides an equally important, but completely separate type of learning to the students. The classroom rarely has students learning how to collaborate on their own and it frequently fails to spark the students’ true passion and work ethic. Furthermore, students learn how to act in a pseudo-society in which everyone plays a different role and everyone has to work together. In order for a student-run club to work, students must learn to cooperate and work together, but they also must learn to assume roles and act within them. Clubs such as these often require multiple levels and types of leadership to function most efficiently. These interactions give the children important skills to work in the adult world. Extracurricular activities also give students more diversity in the skills they choose to learn. A wide variety of extracurricular activities should be made available to give students the opportunity to explore their interests and diversify their skills. My sister went through three years of university as a law major before realising her calling was in the field of journalism; had her school offered a creative writing team or school newspaper club, she may have had the chance to discover her passion progress directly into a journalism program, saving her three years of her life. Allowing students to organise their own extracurricular activities gives students the chance to have a wider educational experience. Extracurricular activities help students find their interests, hobbies, and passions while also helping students who are not interested in post-secondary education see their options for the future. Not all jobs that are available to graduates require a high level of education. Many jobs including trades work and jobs in the primary and secondary industries require apprenticeship programs that are taught completely outside the classroom. This wider educational experience diversifies the workforce. Helping students find their own individual interests helps diversify the students which in turn diversifies the career choices they choose to make. Having a diverse workforce is important to society because it reduces competition and unemployment. Also, having graduates choose the profession that they love creates a stronger, more passionate working generation. Classroom learning is a good, effective way of learning and it is essential for our society to work, there are many things that extracurricular activities can teach students more effectively than a classroom can. Therefore, it is crucial for students, their learning, and society in general for schools to do everything that they can to encourage and support student run extracurricular activities. In short, these activities will decrease stress, ostracism, and loneliness in children; increase social skills such as teamwork, leadership, collaboration, and initiative; and provide society with a better, more passionate and more diverse workforce. If schools can support these activities as best they can, I believe that one day all Canadians, young and old will see the benefits.