On January 24, 1950, the original microwave oven patent was issued to Percy LeBaron Spencer under the title “Method of Treating Foodstuffs.” The origins of the microwave oven can be traced to World War II. Scientists in Britain had developed the magnetron, a tube that produces microwaves, as part of a radar system to spot [...]
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Where is Your Taxpayer Bailout Money Going?
The New York Times reports that lobbyists are big beneficiaries of our bailout money. And what are they lobbying for? In most cases, more bailout money. Citigroup, recipient of $45 billion, spent $1.77 million in the fourth quarter on lobbying fees, according to its lobbyists’ filings. Additionally, during the last three months of 2008, at [...]
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