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News Stewart settles civil insider trading charges with SEC
Stewart settles civil insider trading charges with SEC
Jaime Jansen
August 7, 2006 12:15:00 pm

Martha Stewart has reached a settlement agreement with the US Securities and Exchange Commission on insider trading civil charges , the SEC announced Monday. Stewart will pay $195,000, which is roughly...

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News Argentina court hands down first ‘Dirty War’ sentence since amnesty laws scrapped
Argentina court hands down first ‘Dirty War’ sentence since amnesty laws scrapped
Jaime Jansen
August 7, 2006 09:43:00 am

A court in Argentina has convicted a former police officer of human rights violations during the country's so-called "Dirty War" , handing down the first sentence since the Argentine Supreme Court ...

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News Israel detains another Palestinian lawmaker
Israel detains another Palestinian lawmaker
Jaime Jansen
August 7, 2006 08:38:00 am

The Israel Defense Forces detained Fadl Hamdan, a member of the Palestinian parliament , during an overnight raid early Monday morning in the West Bank. Israeli authorities did not explain their reason for the...

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News Jordan lawmakers convicted of incitement after Zarqawi comments
Jordan lawmakers convicted of incitement after Zarqawi comments
Jaime Jansen
August 7, 2006 08:01:00 am

A Jordan military court Sunday convicted two lawmakers from the Islamic Action Front (IAF) , the political arm of the Muslim Brotherhood , for expressing sympathy after the death of al Qaeda Iraq...

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News Iran nuclear resolution prompts clerical call to abolish UN Security Council
Iran nuclear resolution prompts clerical call to abolish UN Security Council
Jaime Jansen
August 4, 2006 12:15:00 pm

Ahmad Jannati, head of Iran's powerful Guardian Council , on Friday called for the abolition of the United Nations and the UN Security Council because of its prejudicial stance towards Iran. Jannati complained that the Security...

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News UK court convicts fox hunter under new ban
UK court convicts fox hunter under new ban
Jaime Jansen
August 4, 2006 11:48:00 am

A UK court on Friday found a man guilty of illegally fox hunting with dogs in the first criminal prosecution under Britain's Hunting Act 2004 . The League Against Cruel Sports (LACS) brought a private prosecution [LACS...

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News Russia to extradite 13 Andijan uprising suspects to Uzbekistan
Russia to extradite 13 Andijan uprising suspects to Uzbekistan
Jaime Jansen
August 4, 2006 11:08:00 am

Russian prosecutors said Thursday that they had approved a request from Uzbekistan to extradite 13 people accused of terrorist acts in connection with last year's uprising in Andijan that resulted in the massacre...

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News UK government loses appeal in Afghan hijackers asylum case
UK government loses appeal in Afghan hijackers asylum case
Jaime Jansen
August 4, 2006 09:33:00 am

The UK Court of Appeal on Friday upheld a High Court decision that nine Afghanistan nationals responsible for the February 6, 2000 Stansted Airport hijacking should have "discretionary leave" to stay in Britain...

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News Texas Republicans to appeal DeLay ballot ruling to Supreme Court
Texas Republicans to appeal DeLay ballot ruling to Supreme Court
Jaime Jansen
August 4, 2006 08:55:00 am

Texas Republicans said Thursday that they will appeal a federal appeals court decision that former US House Majority Leader Tom DeLay must remain on the Texas ballot for the November election to the US...

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News Senate passes sweeping pension plan legislation
Senate passes sweeping pension plan legislation
Jaime Jansen
August 4, 2006 08:07:00 am

The US Senate passed the Pension Protection Act of 2006 by a margin of 93-5 Thursday, a key bill its supporters say will preserve the workability of traditional employer-employee pension benefits packages while at...

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Peru dispatch: protesters demand new elections as death toll from political violence surges under newly sworn-in president

Peru dispatch: protesters demand new elections as death toll from political violence surges under newly sworn-in president

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THIS DAY @ LAW

President Lincoln signed first US federal income tax act

On July 1, 1862, the Tax Act of 1862 was passed and signed by President Lincoln, establishing a 3% federal tax on income above $600 and a 5% tax on income above $10,000.

Compliance with the act was poor, even though there were needs for the Civil War. After the war the act was declared unconstitutional by the Supreme Court. Review a brief history of the US income tax from the Library of Congress.

UK returns Hong Kong to China

On July 1, 1997, the United Kingdom returned Hong Kong to China at the conclusion of a 99-year lease. The foundation for the transfer of power was set in December of 1984, when China and UK signed the Sino-British Joint Declaration on Hong Kong. The Declaration affirmed the handover of Hong Kong along with governing principles. Most significantly, the Chinese agreed not to impose their socialist system on Hong Kong.

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