Gregory J. Millman (born in St. Louis, Missouri) is a freelance journalist and author of books on financial markets and on homeschooling. Millman graduated in 1975 from the University of Missouri in St. Louis, with a B.A. degree in French. He worked as a factory laborer, then earned an MA (Asian Studies) from Washington University in St. Louis and an MBA from the Olin Business School, and went to Taiwan where he continued studies in Chinese and began to work as a freelance writer for business publications. He returned to the United States in 1981, where he worked in banking, consulting, and project finance before returning to journalism in 1988.
Shortly after an article he wrote for the September 1991 issue of Corporate Finance Magazine cited non-public documents, agents from the U.S. Department of the Treasury showed up at the door of his home demanding that he reveal his source. When Millman refused, the Justice Department issued subpoenas for his telephone records and the records of people he had called. [1]
The investigation extended to include the telephone records of the Alicia Patterson Foundation, [2] which awarded Millman a fellowship for 1992. Foundation chairman Joseph Albright and director Margaret Engel recounted [3] in the Washington Post how the IRS obtained a thirteen-month record of the Foundation's telephone calls – even though neither Millman nor his sources had ever used that telephone. A subsequent conference on telephone privacy at the National Press Club addressed this and similar instances of surveillance of reporters. [4]
In May 1993, Millman testified at Congressional hearings on a draft version of the Telephone Consumer Privacy Protection Act of 1993, sponsored by Representative Edward John "Ed" Markey. which included requirements for notification when telephone records were subpoenaed. [5]
In 1995, the Free Press published Millman's The Vandal’s Crown: How Rebel Currency Traders Overthrew the World’s Central Banks, [6] an investigation of the new financial markets and their power, and it was translated into ten languages. It was published in the United Kingdom under the title Around the World on a Trillion Dollars a Day. [7] In 1999, Times Books published his The Day Traders: the Untold Story of the Extreme Investors and How They Changed Wall Street Forever. [8]
In 2008, Tarcher/Penguin published Homeschooling: A Family’s Journey, [9] a journalistic memoir of homeschooling six children, co-authored by Gregory J. Millman and his wife, Martine Parmer Millman. The book recounts the experience of homeschooling children through elementary and high school, and also puts the experience in context with reporting on contemporary social, economic, and educational issues.
The derivatives market is the financial market for derivatives - financial instruments like futures contracts or options - which are derived from other forms of assets.
In finance, an interest rate swap (IRS) is an interest rate derivative (IRD). It involves exchange of interest rates between two parties. In particular it is a "linear" IRD and one of the most liquid, benchmark products. It has associations with forward rate agreements (FRAs), and with zero coupon swaps (ZCSs).
The Central Bank of Malaysia is the Malaysian central bank. Established on 26 January 1959 as the Central Bank of Malaya, its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and monetary policy. Its headquarters is located in Kuala Lumpur, the federal capital of Malaysia.
The foreign exchange market is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling and exchanging currencies at current or determined prices. In terms of trading volume, it is by far the largest market in the world, followed by the credit market.
A national security letter (NSL) is an administrative subpoena issued by the United States government to gather information for national security purposes. NSLs do not require prior approval from a judge. The Stored Communications Act, Fair Credit Reporting Act, and Right to Financial Privacy Act authorize the United States government to seek such information that is "relevant" to an authorized national security investigation. By law, NSLs can request only non-content information, for example, transactional records and phone numbers dialed, but never the content of telephone calls or e-mails.
Peter Kent Navarro is an American economist who served in the Trump administration, first as Deputy Assistant to the President and director of the short-lived White House National Trade Council, then as Assistant to the President, Director of Trade and Manufacturing Policy in the new Office of Trade and Manufacturing Policy; he was also named the national Defense Production Act policy coordinator. He is a professor emeritus of economics and public policy at the Paul Merage School of Business, University of California, Irvine, and the author of Death by China, among other publications. Navarro ran unsuccessfully for office in San Diego, California, five times. Navarro, who sought to overturn the 2020 presidential election, is the only former White House official ever imprisoned on a contempt-of-Congress conviction.
The Zimbabwean dollar was the name of four official currencies of Zimbabwe from 1980 to 12 April 2009. During this time, it was subject to periods of extreme inflation, followed by a period of hyperinflation.
In monetary economics, the currency in circulation in a country is the value of currency or cash that has ever been issued by the country’s monetary authority less the amount that has been removed. More broadly, money in circulation is the total money supply of a country, which can be defined in various ways, but always includes currency and also some types of bank deposits, such as deposits at call.
Where's George? is a website that tracks the natural geographic circulation of American paper money. Its popularity has led to the establishment of a number of other currency tracking websites and sites that track other objects, such as used books. Statistics generated by the website have been used in at least one research paper to study patterns of human travel in the United States.
Fusion Energy Foundation (FEF) was an American non-profit think tank co-founded by Lyndon LaRouche in 1974 in New York. It promoted the construction of nuclear power plants, research into fusion power and beam weapons and other causes. The FEF was called fusion's greatest private supporter. It was praised by scientists like John Clarke, who said that the fusion community owed it a "debt of gratitude". By 1980, its main publication, Fusion, claimed 80,000 subscribers.
The Internal Revenue Service (IRS) is the revenue service for the United States federal government, which is responsible for collecting U.S. federal taxes and administering the Internal Revenue Code, the main body of the federal statutory tax law. It is an agency of the Department of the Treasury and led by the Commissioner of Internal Revenue, who is appointed to a five-year term by the President of the United States. The duties of the IRS include providing tax assistance to taxpayers; pursuing and resolving instances of erroneous or fraudulent tax filings; and overseeing various benefits programs, including the Affordable Care Act.
The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011 as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion-dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury.
In 2013, the United States Department of Justice, under Attorney General Eric Holder, came under scrutiny from the media and some members of Congress for subpoenaing phone records from the Associated Press (AP). Under similar justifications, a 2010 subpoena approved by Eric Holder implicated Fox News reporter, James Rosen, as a possible co-conspirator under the Espionage Act of 1917. Investigators gained access to the times of his phone calls, and two days of Rosen's emails. Stephen Jin-Woo Kim eventually pleaded guilty to violating the Espionage Act for communicating North Korean nuclear test plans to Rosen. These investigations provoked considerable criticism from major news organizations, and precipitated the revision of media guidelines at the Department of Justice.
The Privacy and Civil Liberties Oversight Board report on mass surveillance was issued in January 2014 in light of the global surveillance disclosures of 2013, recommending the US end bulk data collection.
United States virtual currency law is financial regulation as applied to transactions in virtual currency in the U.S. The Commodity Futures Trading Commission has regulated and may continue to regulate virtual currencies as commodities. The Securities and Exchange Commission also requires registration of any virtual currency traded in the U.S. if it is classified as a security and of any trading platform that meets its definition of an exchange.
Big Tech, also known as the Tech Giants or "Tech Titans", are the largest IT companies in the world. The concept of Big Tech is similar to the grouping of dominant companies in other sectors. It generally includes the Big Five tech companies in the United States: Alphabet (Google), Amazon, Apple, Meta, and Microsoft. It can also include tech companies with high valuations, such as Netflix and Nvidia, or companies outside the IT sector, such as Tesla. Groupings of these companies include the Big Four, Big Five, and Magnificent Seven. Big Tech can also include Chinese companies such as Baidu, Alibaba, Tencent, and Xiaomi (BATX).
The Joy of Science is a popular video and audio course series, consisting of 60 lectures, each 30 minutes long, presented by Robert Hazen of the George Mason University and the Carnegie Institution of Washington. The course, first introduced in 2001, is part of The Great Courses series, and is produced and distributed by The Teaching Company, located in Chantilly, Virginia, in the United States.
A blockchain is a shared database that records transactions between two parties in an immutable ledger. Blockchain documents and confirms pseudonymous ownership of all transactions in a verifiable and sustainable way. After a transaction is validated and cryptographically verified by other participants or nodes in the network, it is made into a "block" on the blockchain. A block contains information about the time the transaction occurred, previous transactions, and details about the transaction. Once recorded as a block, transactions are ordered chronologically and cannot be altered. This technology rose to popularity after the creation of Bitcoin, the first application of blockchain technology, which has since catalyzed other cryptocurrencies and applications.
This is a timeline of events in the first half of 2019 related to investigations into the many suspicious links between Trump associates and Russian officials and spies relating to the Russian interference in the 2016 United States elections. It follows the timeline of Russian interference in the 2016 United States elections, both before and after July 2016, until November 8, 2016, the transition, the first and second halves of 2017, the first and second halves of 2018, and followed by the second half of 2019, 2020, and 2021.
Donald Trump, President of the United States from January 2017 to January 2021, controversially refused to release his tax returns after being elected president, although he promised to do so during his campaign. In 2021, the Manhattan District Attorney (DA) obtained several years of Trump's tax information, and in late 2022, the U.S. House Ways and Means Committee obtained and released six years of his returns.