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News Philippines lawmakers approve terrorism funding law
Philippines lawmakers approve terrorism funding law
Sung Un Kim
June 6, 2012 12:10:05 pm

The Philippine Congress on Wednesday approved the Terrorism Financing Prevention and Suppression Act of 2012 that criminalize the financing of terrorism. The bill penalizes an individual who organizes or directs the commission of the crime of financing...

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News EU proposes regulations to address future financial crises
EU proposes regulations to address future financial crises
Sung Un Kim
June 6, 2012 11:14:05 am

The European Commission on Wednesday announced a proposal that would address the problems of bailing out large banks with public funds during financial crises in the future. The proposal rests on Article 114...

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News Egypt court to rule on constitutionality of political isolation law
Egypt court to rule on constitutionality of political isolation law
Sung Un Kim
June 6, 2012 10:27:20 am

The Supreme Constitutional Court of Egypt said Wednesday that it will rule on the constitutionality of the proposed amendments to the political isolation law on June 14. The Political isolation law was passed in 2011 and had...

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News Israel urged to release Palestinian detainees
Israel urged to release Palestinian detainees
Sung Un Kim
June 6, 2012 09:35:54 am

Amnesty International (AI) on Tuesday urged Israel to release all prisoners of conscience and administrative detainees or immediately try them under international fair trial standards. AI revealed that Israel has been using a number of...

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News Federal judge rejects Apple’s request for injunction against Samsung
Federal judge rejects Apple’s request for injunction against Samsung
Sung Un Kim
June 5, 2012 02:11:40 pm

A judge for the US District Court for the Northern District of California on Monday rejected a request by Apple for a preliminary injunction against four Samsung products including the Galaxy Tab 10.1. Judge Lucy...

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News Federal judge grants preliminary approval for JPMorgan settlement
Federal judge grants preliminary approval for JPMorgan settlement
Sung Un Kim
June 5, 2012 01:29:01 pm

The US District Court for the Southern District of New York granted JPMorgan Chase permission on Monday to pay $44.6 million in order to resolve allegations of fraudulent bidding practices for state...

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News Russia activists arrested protesting proposed legislation
Russia activists arrested protesting proposed legislation
Sung Un Kim
June 5, 2012 01:03:24 pm

Russian police on Tuesday arrested more than 20 people who were protesting a new bill that was introduced to the State Duma , the lower house of parliament, for a final vote. The proposed bill would...

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News DOJ monitoring Wisconsin recall election to prevent voter fraud
DOJ monitoring Wisconsin recall election to prevent voter fraud
Sung Un Kim
June 5, 2012 12:16:49 pm

The US Department of Justice (DOJ) announced Monday that it would monitor the Wisconsin recall election taking place on Tuesday to prevent voter fraud. The city of Milwaukee, Wisconsin, will be one of the jurisdictions...

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News Conrad Black moves to dismiss remaining conviction
Conrad Black moves to dismiss remaining conviction
Sung Un Kim
June 5, 2012 11:08:28 am

The lawyers for media magnate Conrad Black on Monday filed a motion in the US District Court for the Northern District of Illinois to dismiss the remainder of their client's...

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News ICC prosecutor: cut off aid for countries refusing to arrest al-Bashir
ICC prosecutor: cut off aid for countries refusing to arrest al-Bashir
Sung Un Kim
June 5, 2012 10:20:16 am

International Criminal Court (ICC) chief prosecutor Luis Moreno Ocampo said Monday that economic or other aid should be refused to those countries that assist Sudan's President Omar al-Bashir in evading...

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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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