All of Donald Trump's achievements in only four months?
In May 2017, a Reddit user posted a graphic that purported to list all of President Trump's accomplishments during his first four months in office. It was then widely shared on social media: Reddit TRUMP ACCOMPLISHMENTS ..Retweet the hell out of this to annoy @ABC @CBS @cnn @cnbc @MSNBC @nbc @nytimes @washingtonpost #dishonestmedia. pic.twitter.com/ITArBQgcmJ @ABC @CBS @cnn @cnbc @MSNBC @nbc @nytimes @washingtonpost #dishonestmedia pic.twitter.com/ITArBQgcmJ  Small Biz for Trump (@SmallBiz4Trump) May 15, 2017 May 15, 2017  Creating homebrew visual aids touting the accomplishments (or failures) of top politicians is a popular online pastime, not least because it's a cheap and easy way to propagandize, and because there are no pesky standards of fairness and accuracy to meet. As we've noted with regard to previous specimens (for example, a late-2016 meme touting the alleged economic achievements of President Obama), the graphic format lends itself to the display of cherry-picked facts to make a simplistic case with no semblance of context or nuance. achievements In this case, the claim is that, despite all the carping in the mainstream press about "chaos" and "ineptitude" in the Oval Office, President Trump has actually accomplished quite a lot during his first four months as chief executive, and thus you will not find mention of major campaign promises Trump has had difficulty keeping so far, such as instituting a Muslim immigration ban and building a wall on the Mexican border. Also, since it's very much a partisan case being made, there will be disagreement over what constitutes an "accomplishment." Some feats, such as reducing unemployment, are uncontroversial, while others, such as dismantling entire government agencies, aren't likely to be regarded as accomplishments by those who find the functions of those agencies critical. Here are the claims: 4.4 percent - lowest since May 2007 As reported in the Washington Post, government data released on 5 May 2017 indicated that the national unemployment rate hit a new low in April: reported The U.S. job market rebounded strongly last month and the unemployment rate fell to the lowest level seen in a decade, government data released Friday morning showed, calming fears that had bubbled up in the past month about the state of the economy. Employers added 211,000 jobs in April as the unemployment rate ticked down to 4.4 percent, the lowest level since May 2007.  It bears pointing out that the jobless rate had already been on a steady decline since 2010. Further, unemployment hit a previous nine-year low of 4.6 percent in December 2016 when President Obama was still in office. It climbed back up to 4.8 percent in January, dipped to 4.7 percent in February, and to 4.5 percent in March 2017. unemployment To what degree short-term improvements in the economy since January can be attributed to a new chief executive whose economic policies remain nascent is perennially up for debate, though according to The New York Times' senior economic correspondent Neil Irwin, a "Trump effect" that is buoying corporate hiring policies after the election cannot be ruled out: according So does Mr. Trump deserve any credit for solid economic results? If you think the economy is driven by concrete, specific policies around taxes, spending, monetary policy and regulation, the answer is no. If you think that what really matters is the mood in the executive suite, then just maybe. SoftBank $50B Exxon $20B Hyundai $3.1B Apple $1B Chrysler $1B GM $1B Bayer AG $1BToyota $600M LG $250M This is a mostly-accurate, partial list of corporations who have announced investments in American facilities and/or jobs since the election of Donald Trump. With the exception of Bayer AG (which announced $8 billion in new investments, not $1 billion as claimed), the dollar amounts match those cited in press reports between January and April 2017 (sources: Softbank, Exxon Mobil Corp., Hyundai-Kia, Apple, Fiat Chrysler, General Motors, Bayer AG, Toyota, LG Electronics). Softbank Exxon Mobil Corp. Hyundai-Kia Apple Fiat Chrysler General Motors Bayer AG Toyota LG Electronics It's not necessarily accurate to characterize all of these commitments as "accomplishments" of President Trump, however. As CBS Moneywatch's Irina Ivanova reported in January 2017: reported Few of the jobs companies are promising to create in the U.S. can be attributed to a sudden renewed commitment to USA Inc. inspired by Trumps America First policies. Indeed, the businesses Trump has been quick to praise have been careful not to characterize their recent hiring announcements as new. And as usual with corporate investments of this scale, such plans are typically months  or even years  in the making, suggesting they long predate the presidential election. For example, Fiat Chrysler said their promise of a $1 billion investment in Michigan and Ohio plants, projected to create 2,000 jobs, was the "second phase" of an industrialization plan announced in 2016. GM's $1 billion investment was "several years in the making," according to sources cited by CBS. promise The largest of all the announced commitments, SoftBank's pledge of $50 billion, was also in the works long before Trump won the election: Another widely publicized corporate initiative that Trump trumpeted  a promise by SoftBank to create 50,000 high-tech jobs in the U.S.  was the result of a tech fund the company announced on Oct. 14  three weeks before the election. Given the massive tech industry in the U.S., economists say much of the planned $50 billion investment would have found its way to the states regardless of who occupied the White House. You dont just decide overnight to invest $3 billion, said Nathan Jensen, a professor at the University of Texas who studies interactions between government and corporations. Bayer AG's commitment to an $8 billion investment and the creation of 3,000 U.S. jobs was announced by the Trump transition team after the president-elect met in January 2017 with the CEOs of Bayer AG and Monsanto, who are planning a merger. Transition spokesman Sean Spicer credited Trump's negotiating skills for the pledge, but some analysts were skeptical that the companies had actually promised anything that wasn't already on the table when plans for the merger were first revealed in September 2016: commitment analysts Bayer and Monsanto said in a joint statement after Spicer's remarks that the "combined company expects to spend approximately $16 billion in R&D in agriculture over the next six years with at least half of this investment made in the United States." That amounts to about $2.7 billion a year, which roughly equates to what the combined companies already spend in that area globally, [Wall Street analyst Jeremy] Redenius said. As for the U.S. breakdown, he estimates it's likely close to half already; Monsanto spends $1.5 billion a year, the majority of which is in the U.S., he said, and Bayer already invests in R&D here as well. "Not an increase, but not substantially cutting," he said of the global figure. The merger, which awaits U.S. regulatory approval, is not likely to be completed until 2018, CNBC reported. reported $182B in April 2017 It is true that the U.S. Treasury reported a $182 billion budget surplus in April 2017, the largest April surplus since 2001 (and the second-largest in history), according to MarketWatch. It's unclear exactly how that surplus is attributable to President Trump, however. April is typically a surplus month because of tax receipts. In addition, citing a Congressional Budget Office (CBO) review as its source, Associated Press reported that the April 2017 surplus was "inflated" because of a tax deadline change allowing corporations to pay federal taxes in April that in previous years were paid in March.  MarketWatch review inflated It remains to be seen what effect Tump's policies will have on the budget deficit for 2017 as a whole (the fiscal year ends on 30 September). The CBO projects a 4.6 percent drop in the deficit from what it was in 2016, but that is based on laws and policies already in effect when Trump took office. DOW at 20,896 The stock market can be fickle. As of April 29, the Dow Jones Industrial Average was at 20,940.51, 6.12 percent higher than when Trump took office  positive movement, unquestionably. That number had risen to 20,981.94 by 16 May, then plummeted 372 points the next day as the market was shaken by news that Trump had shared classified information with Russian diplomats in the White House and attempted to divert FBI Director James Comey from an investigation of Trump's alleged ties to Russia before he fired him. 20,940.51 20,981.94 news Currently at 125.6 It's true that the Consumer Confidence Index, a metric assessing how ordinary consumers feel about the strength of the economy, hit 125.6 in March 2017, its highest point since 2000. It is also true that it fell five points to 120.3 the following month. Even so, it showed that consumers (as of April) had more confidence in the economy under Trump than under Obama, during whose administration the index never exceeded 113.7 (although it did manage to rise to that point after bottoming out in 2009 at 25). fell Passed 32 bills through Congress As of 17 May 2017, President Trump had signed 34 bills passed by Congress, a comparatively high number in such a short period of time (since Franklin Delano Roosevelt, who signed 76 pieces of legislation in his first 100 days, only Harry Truman, at 55, signed more). signed number That's not to say that all of the legislation signed by Trump between January and May 2017 was necessarily noteworthy, however. One bill changed the name of a Veterans Affairs outpatient clinic in Pago Pago, American Samoa; another renamed a VA health center in Pennsylvania; another approves the location of a memorial honoring Desert Storm and Desert Shield veterans; three appointed citizen regents to the board of the Smithsonian Institution. changed renamed Nor should it be assumed that Trump's signing of a given bill meant he or his administration was actively involved in its passage. Thirteen such bills nullifying federal regulations enacted during the Obama administration (such as H.J. Res. 69, reversing a U.S. Fish and Wildlife rule pertaining to Alaska's National Wildlife Refuges and S.J. Res. 34, reversing FCC Internet privacy rules) were rushed through Congress and quickly signed because they made use of the Congressional Review Act of 1996, which imposes a 60-day limit on the time allowed to overrule previously passed laws. Appointed constitutionalist Supreme Court Justice Neil Gorsuch This is true. Gorsuch was confirmed by the U.S. Senate on 7 April 2017. true After 8 years of inaction This is true. Trump fulfilled a campaign promise by signing an executive order withdrawing the U.S. from the Trans-Pacific Partnership international trade agreement on 23 January 2017, one day after announcing he would renegotiate it. Despite President Obama's fervent support for the deal, many groups, including labor unions, were critical of the TPP, and CNN reported that its chances of approval by Congress were already "bleak."  signing 40 percent fewer illegal border crossings and deportation of violent and repeat offenders The number of illegal border crossings from Mexico into the U.S. in February 2017 were indeed down 40 percent from the previous month, according to statistics provided by the Department of Homeland Security, and that downward trend, which had actually started the previous November, continued in March and April 2017. This U.S. Customs and Border Protection chart shows how striking the change was compared to the previous five years: statistics   CNN Water contamination crisis started in April 2014 It's true that in March 2017, the U.S. Environmental Protection Agency (EPA) awarded a $100 million grant to the state of Michigan to upgrade the drinking water infrastructure in Flint, which experienced a lead pollution crisis potentially affecting as many as 100,000 people beginning in 2014. There has been some dispute, however, over whether this ought to be labeled a "Trump accomplishment" or an "Obama accomplishment."  awarded crisis As we noted in a previous article, funding for the grant came from a bill signed by President Obama in 2016, though the monies weren't officially awarded until after he left office, hence some prefer to credit it to Trump. article Strengthening relationships  China  Japan  Russia  UK Tough on North Korea Tough on Syria Freed Humanitarian Workers from Egypt Although President Trump pledged to "strengthen" overseas relationships going into office and he had already met with several important foreign leaders by mid-May 2017, it is too soon to tell to what degree his promise will bear fruit. China: The president-elect got off to a rocky start with China in December by accepting a congratulatory call from the leader of Taiwan, which China views as a province,not an independent nation, and with which the U.S. does not have diplomatic relations. China lodged a formal complaint. In April, Trump met with Chinese President Xi Jinping, with whom he said he made "tremendous progress" but no breakthroughs. A trade deal negotiated by the Trump administration with China in May was rated "pretty good" by The Wall Street Journal. call met rated Japan: Japanese Prime Minister Abe, who has met twice with Trump, issued a joint statement with him reaffirming the "unshakable alliance" between the U.S. and Japan. That is despite Trump having called Japan a "currency manipulator" during the presidential campaign and pulling out of the TPP, which Abe supported. Whether the "very, very good chemistry" Trump says he has with Abe will improve the relationship between the two countries over the long haul remains to be seen. Russia: U.S.-Russia relations have been strained for many years, a situation not improved by Russia's attempts to meddle in the U.S. presidential election, nor by the fact that Trump associates are under investigation for possible collusion in that effort. A U.S. missile strike by Trump against Syria, with whose government Russia is closely allied, were strongly condemned by Russian leaders, who warned there could be "extremely serious" consequences. U.K.: British Prime Minister Theresa May was the first foreign leader to visit the Trump White House, and their cordial meeting was portrayed by both countries as a renewal of the "special relationship" between the U.S and the U.K. According to the BBC, Obama was seen by many Britons as more interested in the European Union as a whole than in the U.K. itself, while Trump, who was in favor of Brexit, is perceived as the opposite. BBC Tough on Korea? President Trump has employed what the Washington Post calls "hard-line rhetoric" against North Korea, including threats of force, in hopes of squelching that county's increasing militarism, a strategy some experts dismiss as "macho posturing" that could escalate into a Cuban Missile Crisis-like confrontation.  calls experts Tough on Syria? In April 2017, Trump ordered U.S. missile strikes against an air base in Syria in response to an alleged chemical weapons attack on civilians by the Syrian government, which has been known to brutalize its own people during the ongoing civil war there. Trump's gesture came up short, however, in that the Syrian Air Force was able to launch a new attack against rebel forces from that same base just hours later. attack Humanitarian workers in Egypt: In April 2017 President Trump negotiated the release of U.S.. citizen Aya Hijazi, her Egyptian husband, and four other humanitarian workers from a prison in Cairo, Egypt, where they had been locked up since 2014, without evidence or trial, on charges of child abuse and trafficking.  negotiated Trimming the fat at many overblown government agencies and promoting small business growth by reigning in the EPA Although it is true that President Trump signed an executive order on 13 March 2017 directing the heads of executive branch departments to eliminate all "unnecessary" agencies and reorganize those that remain to improve their "efficiency, effectiveness, and accountability," the order gave said department heads six months from the date of signing to come up with suggestions for this process, so not much fat has been trimmed thus far despite the groundwork being laid. signed Regarding efforts to "reign in" the Environmental Protection Agency (EPA), a CNN report confirms that's been among Trump's top priorities from the start: priorities President Donald Trump made a campaign trail promise to eliminate the Environmental Protection Agency  a department once looked to as an important national force tackling climate change  and during his first 100 days in office has held true to his word, taking swift strides towards dismantling the agency and rolling back regulations. Alongside EPA Administrator Scott Pruitt, a former Oklahoma attorney general who once worked tangentially with the fossil fuel industry to oppose Obama-era regulations, the Trump administration has so far issued a flurry of EPA-focused executive orders, proposed employee buyouts, handed down a social media gag order and is proposing significant cuts to the EPA budget. The National Federation of Independent Business (NFIB), a small business advocacy group, has hailed Trump's commitment to cutting "burdensome regulations," while environmental protection groups see it as a threat to public health and the future of the planet. hailed threat  Finished Dakota Access Pipeline & reversed Obama's "Land Grab" EO, freeing US to use our own natural resources The controversial Dakota Access Pipeline project, halted under President Obama, was revived by President Trump and will begin commercial operations on 1 June 2017. Trump also issued an executive order directing a review of lands designated as national monuments: halted revived directing Specifically, the review will consider all national monument designations of federal public lands since 1996 that are 100,000 acres or larger. Mr Trump singled out former President Barack Obamas egregious use of federal power in using the Antiquities Act to unilaterally place swaths of American land and water under federal control, adding, its time we ended this abusive practice. Antiquities Act As with many of the other items discussed above, whether or not one regards this as an "accomplishment" (as opposed, say, to a travesty) will depend almost entirely on one's political views going in. Baker, Peter and Davenport, Coral.  "Trump Revives Keystone Pipeline Rejected by Obama."
 The New York Times.  24 January 2017. Bradner, Eric.  "Trump's TPP Withdrawal: 5 Things to Know."
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 The Wall Street Journal.  18 January 2017. Carroll, Lauren.  "Trump Has Signed More Bills in 100 Days than Any President Since Truman, Spicer Says."
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 Associated Press.  10 May 2017. DeCambre, Mark.  "How Trump's Stock Market Ranks During His First 100 Days in Office."
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 CNN.  4 May 2017. Greene, Leonard.  "Stock Market Suffers Biggest Blow Since President Trump Took Office."
 New York Daily News.  17 May 2017. Ivanova, Irina.  "Trump Isn't the Reason Corporate America Is Investing in the U.S."
 CBS News.  18 January 2017. Kopan, Tal.  "Does Border Drop Mean Trump's Tough Talk Is Working?"
 CNN.  9 March 2017. Kulish, Nicholas and Santos, Fernanda.  "Illegal Border Crossings Appear to Drop Under Trump.
 The New York Times.  8 March 2017. Liptak, Adam and Flegenheimer, Matt.  "Neil Gorsuch Confirmed by Senate as Supreme Court Justice."
 The New York Times.  7 April 2017. McKelvey, Tara.  "Special Relationship Gets a New Lease on Life."
 BBC.  27 January 2017. Robb, Greg.  "U.S. April Budget Surplus Rises to $182 Billion."
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 The Washington Post.  19 April 2017. Ryan, Tim.  "Trump Directs Department Heads to Trim Agency Fat."
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 5 May 2017. Democracy Now.  "Trump's Proposed EPA Cuts Threaten Health & Lives of Tens of Millions of Americans."
 3 March 2017. NFIB.com.  "In Targeting the Waters of the United States Rule, President Trump Looks to Dismantle Another Burdensome Regulation."
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Announced in April 2021, U.S. President Joe Bidens American Families Plan is an ambitious proposal that aims to expand Americans' access to childcare and education and increase the number of women in the workforce. The plan is to fund all of this through more taxes on higher-income earners and increased reporting requirements of banks that could potentially yield more tax revenue. These reporting requirements have caught the ire of a number of banks that took issue with this less widely known section of the plan. Announced reporting A Facebook post by FNB Community Bank claimed: The Biden administration has proposed requiring all community banks and other financial institutions to report to the IRS on all deposits and withdrawals through business and personal accounts worth more than $600 regardless of tax liability. This indiscriminate, comprehensive bank account reporting to the [Internal Revenue Service (IRS)] can soon be enacted in Congress and will create an unacceptable invasion of privacy for our customers. Facebook post   Another screenshot shared by our readers expressed similar concerns:   The Independent Community Bankers of America (ICBA) even began a campaign, calling on communities to send a letter to Biden to prevent this so-called intrusive proposal": began a campaign, Tell Congress: Don't Let IRS Invade My Privacy The Biden administration is proposing requiring financial institutions report to the IRS all transactions of all business and personal accounts worth more than $600. This is an unprecedented invasion of privacy. In order to knock down this intrusive proposal, please send this letter to your representative and senators immediately. We looked up the proposal itself, and it does require more robust reporting of transactions across business and personal accounts. The proposal, which aims to go into effect after Dec. 31, 2022, states: proposal This proposal would create a comprehensive financial account information reporting regime. Financial institutions would report data on financial accounts in an information return. The annual return will report gross inflows and outflows with a breakdown for physical cash, transactions with a foreign account, and transfers to and from another account with the same owner. This requirement would apply to all business and personal accounts from financial institutions, including bank, loan, and investment accounts, with the exception of accounts below a low de minimis gross flow threshold of $600 or fair market value of $600. We begin by explaining some of the more technical terms in this proposal. A "de minimis threshold" is broadly defined as the amount of a transaction that has such a small value that accounting for it would be unreasonable. We spoke to Visiting Assistant Professor of Tax Law at New York University, Nyamagaga Gondwe, who explained, "It is the amount below which the [IRS] would argue isn't worth investigating. It's the difference between your company giving you a $5 card to Subway, versus traveling on a private jet on your company's dime. [The latter] is worth reporting." In this case, "gross flow" refers to the aggregate inflows and outflows of cash from bank accounts. In sum, the current proposal stipulates that an aggregate amount of less than $600 worth of cash flowing into and out of accounts is not worth reporting.  defined gross flow The "fair market value" refers to the amount people are willing to pay for an asset in the open market. In this case, Gondwe argued, the use of the term could possibly refer to the changing market value of transactions more than $600 that may occur in foreign currency transactions.  refers to The ICBA claims that the proposal will make banks report "all transactions" above the limit, but this is misleading. While it is true that the IRS will have more information on cashflows above $600, that doesnt mean they will have all the information pertaining to all transactions. The Center for American Progress (CAP) points out that banks will only be providing aggregate numbers to the IRS after each year  gross inflow and gross outflow  and not individualized transaction information. This reporting requirement would also extend to peer-to-peer payment services like Venmo, but wouldnt require people to report any additional information to the government. According to The Wall Street Journal, financial institutions must already report interest, dividends, and investment incomes to the IRS, and the IRS can get other information through audits. Center for American Progress extend Wall Street Journal audits According to Marie Sapirie of Tax Notes, a publication focused on tax news, a parenthetical to the proposal indicates that there is some flexibility on raising the minimum account balance/inflow/outflow above $600. Tax Notes parenthetical The Tax Notes report also states that the treasury department estimated this form of reporting would raise $463 billion over the 10-year budget window, making it the third largest revenue raiser proposed in the budget. The aim is to target businesses outside of large corporations that carry out gross underreporting of their income in the amount of $166 billion per year. According to the proposal: Requiring comprehensive information reporting on the inflows and outflows of financial accounts will increase the visibility of gross receipts and deductible expenses to the IRS. Increased visibility of business income will enhance the effectiveness of IRS enforcement measures and encourage voluntary compliance. Tax Notes aim Banks claim this would be an invasion of consumer privacy, with the ICBA saying it would allow the government to monitor account information. However, CAP analysts Seth Hanlon and Galen Hendricks argue, Only the prior years total inflow and total outflow would be reported on annual forms. No one would say that the IRS monitors you on your job because it receives a W-2 from your employer with your total wages every January. saying argue Another challenge not mentioned in the ICBAs consumer alert is the higher costs this reporting proposal may place on banks. In May 2021, a coalition of banking associations wrote a letter to the U.S. Senate Committee on Finance, arguing that they already give a lot of data to the IRS, and that this would impose additional costs on their systems: consumer alert wrote a letter The costs and other burdens imposed to collect and report account flow information would surpass the potential benefits from such a reporting scheme. New reporting would appear to require material development costs and process additions for financial institutions, as well as significant reconciliation and compliance burden on impacted taxpayers. For example, reporting total gross receipts and disbursements would require a new reporting paradigm for depository institutions, which necessitates system changes to collect the information. On the flipside, Sapirie wrote for Tax Notes, the benefits of such a reporting proposal may be difficult to come by: Tax Notes Increasing the amount of information flowing into the IRS would not in itself lead to increased enforcement, and it might come with added challenges. [Former IRS Commissioner Charles O.] Rossotti acknowledged that the IRS today cannot use all the information it already receives, and significant areas of noncompliance are barely addressed, so more reporting alone will not solve the problem. It would almost certainly have a deterrent effect for taxpayers contemplating evasion, but the extent of that effect is unclear, and it might be insufficient to justify the costs to financial institutions and the federal government of implementing such a large new reporting regime. But CAPs analysis argues that this will help prevent tax evasion, while also providing more funding to enhance data security for consumers: CAPs analysis Additional funding would go to enhancing data security. Even at present, the IRS data security is already much better than the financial industry, with only very rare and limited breaches compared to the exponentially bigger data breaches from financial institutions. Second, the reporting of information flows only from financial institutions to the IRS and not in the other direction, as some earlier proposals had called for.  [...] The Biden administrations bank reporting proposal is a critical element of the Build Back Better agenda. It gives the IRS some visibility into opaque forms of income that disproportionately accrue to high-income individuals. Despite fearmongering from bank lobbies, the proposal protects taxpayers privacy while simply requiring banks to provide basic, aggregated information about flows. That enables the IRS to select audits in a more efficient and equitable way so that the vast majority of taxpayers will be less likely to be audited. And by deterring and helping catch tax cheats, the proposal raises substantial revenue for the Build Back Better agenda, which provides critical investments to increase economic opportunities for American families and communities. On Oct. 12, 2021, Speaker Nancy Pelosi defended the proposal in response to a question from a reporter, who said, "[Banks] are concerned about the tracking of transactions that are greater than $600, Americans are starting to get worried about this. Do you think [this] is going to stay in the Reconciliation Bill?"  defended "With all due respect, the plural of anecdote is not data," Pelosi said. "Yes, there are concerns that some people have. But if people are breaking the law and not paying their taxes, one way to track them is through the banking measure. I think $600  that's a negotiation that will go on as to what the amount is. But yes."     Whatever the impact of this proposal is, it does require additional reporting of certain bank transactions, just not in the way the above banks are portraying it. As such, we rate this claim a Mixture. A Scorecard for Reconciliation, Round 2. Tax Analysts, https://www.taxnotes.com/featured-analysis/scorecard-reconciliation-round-2/2021/09/10/783l0?highlight=biden. Accessed 15 Sept. 2021. Community Banks Must Engage Customers on New IRS Reporting Mandates. ICBA, https://www.icba.org/newsroom/blogs/main-street-matters---advocacy/2021/08/19/community-banks-must-engage-customers-on-new-irs-reporting-mandates. Accessed 15 Sept. 2021. Consumer Alert from ICBA. ICBA, https://www.icba.org/bank-locally/consumer-alert-from-icba. Accessed 15 Sept. 2021.Digging Into the Bank Info Reporting Plan. Tax Analysts, https://www.taxnotes.com/tax-notes-today-global/information-reporting/digging-bank-info-reporting-plan/2021/08/30/777dx. Accessed 15 Sept. 2021. Fair Market Value (FMV). Investopedia, https://www.investopedia.com/terms/f/fairmarketvalue.asp. Accessed 16 Sept. 2021. "General Explanations of the Administrations Fiscal Year 2022 Revenue Proposals." Department of the Treasury, May 2021, https://home.treasury.gov/system/files/131/General-Explanations-FY2022.pdf. Accessed 15 Sept. 2021. Gross Cash Flow Definition. Law Insider, https://www.lawinsider.com/dictionary/gross-cash-flow. Accessed 16 Sept. 2021. Hanlon, Seth, and Galen Hendricks. Bank Tax Reporting Is a Critical Component of Bidens Build Back Better Agenda. Center for American Progress, 14 Sept. 2021, https://www.americanprogress.org/issues/economy/news/2021/09/14/503821/bank-tax-reporting-critical-component-bidens-build-back-better-agenda/. Accessed 15 Sept. 2021. ICBA Urges House Panel to Reject IRS Monitoring Plan. Default, https://www.icba.org/newsroom/news-and-articles/2021/09/09/icba-urges-house-panel-to-reject-irs-monitoring-plan. Accessed 15 Sept. 2021. Jagoda, Naomi. Pelosi Defends IRS Bank-Reporting Proposal, Says Specifics Open to Negotiation. The Hill, 12 Oct. 2021, https://thehill.com/policy/finance/576362-pelosi-defends-irs-bank-reporting-proposal. Joint Trades Statement for the Record: Senate Subcommittee on Taxation and IRS Oversight Hearing Entitled: Closing the Tax Gap: Lost Revenue from Noncompliance and the Role of Offshore Tax Evasion." 10 May 2021, https://bpi.com/wp-content/uploads/2021/06/Joint-SfR-Senate-Finance-Subcommitte-Hearing-on-Closing-the-Tax-Gap-051021.pdf. Accessed 15 Sept. 2021. Rubin, Orla McCaffrey and Richard. Biden Tax Plan Leans on Banks to Help Find Unreported Income. Wall Street Journal, 29 Apr. 2021. www.wsj.com, https://www.wsj.com/articles/biden-tax-plan-leans-on-banks-to-help-find-unreported-income-11619701380. Accessed 15 Sept. 2021. Tankersley, Jim, and Dana Goldstein. Biden Details $1.8 Trillion Plan for Workers, Students and Families. The New York Times, 28 Apr. 2021. NYTimes.com, https://www.nytimes.com/2021/04/28/us/politics/biden-american-families-plan.html. Accessed 15 Sept. 2021. "When Is a Minimal Fringe Benefit Not So Minimal?" https://www.wolterskluwer.com/en/expert-insights/when-is-a-minimal-fringe-benefit-not-so-minimal. Accessed 16 Sept. 2021. Oct. 14, 2021: Added Pelosi's comments on the proposal. We all dream of rich relatives kicking the bucket and leaving us their fortunes, which is why this "unexpected inheritance" scam works as well as it does. My name is Becky J. Harding, I am a senior partner in the firm of Midland Consulting Limited: Private Investigators and Security Consultants. We are conducting a standard process investigation on behalf of HSBC, the International Banking Conglomerate. This investigation involves a client who shares the same surname with you and also the circumstances surrounding investments made by this client at HSBC Republic, the Private Banking arm of HSBC. The HSBC Private Banking client died in testate and nominated no successor in title over the investments made with the bank. The essence of this communication with you is to request you provide us information/comments on any or all of the four issues: 1-Are you aware of any relative/relation who shares your same name whose last known contact address was Brussels Belgium?2-Are you aware of any investment of considerable value made by such a person at the Private Banking Division of HSBC Bank PLC?3-Born on the 1st of october 19414-Can you establish beyond reasonable doubt your eligibility to assume status of successor in title to the deceased? It is pertinent that you inform us ASAP whether or not you are familiar with this personality that we may put an end to this communication with you and our inquiries surrounding this personality. You must appreciate that we are constrained from providing you with more detailed information at this point. Please respond to this mail as soon as possible to afford us the opportunity to close this investigation. Thank you for accommodating our enquiry. Becky J. Harding.For: Midland Consulting Limited.09/02/2004 Imagine being transformed overnight from office drudge to a member of the jet set  it's the stuff of daydreams! (or at least the impetus to buy lottery tickets). Because this urge for the big "something for nothing" runs so deep in us, it makes us vulnerable to the machinations of con men, which is what these e-mailed come-ons areabout.This scam has been part of the grifters' bag of tricks for many a year. It was only a matter of time before it began showing up on the Internet, where those who make their livings by defrauding others have an even easier time vending their cons to the unwary. Though the text quoted above as our example is one of the more common forms this sort of come-on takes in the wilds of cyberspace, the scam can be dressed out any number of ways. How it is worded is far less important than its thrust  its "hook" that you might be entitled to an inheritance you had no reason to expect was coming your way. Although the names change from e-mail to e-mail, the scam itself is immutable: potential victims receive notification they share the surname of a recently deceased person who failed to leave a will. This notification purportedly comes from a representative of a firm of "Private Investigators and Security Consultants," with said representative stating he or she is "conducting a standard process investigation on behalf of[name of large financial entity, such as Barclays or HSBC]." Recipients of those e-mails are then asked three or four questions along the lines of the following: How the about-to-be-scammed answer the questions is unimportant  the queries are there merely to lend a patina of legitimacy to the inquiry. Regardless of whether potential victims respond with the news that none of their relatives have been to Brussels or whether they claim great-uncles whom the family subsequently lost track of after they settled there, the game is now afoot. In either case, they will be assured there is a very real chance significant inheritances are about to come their way, provided one small insignificant detail is first taken care of: payment of a fee to advance the matter. Similar to the Nigerian Scam and the foreign lottery fraud, the promise of untold wealth is used to distract the overly trusting away from the sorry fact that they are being asked to send money. In all three cases, the con works the same way: after being mesmerized by the vision of riches to come, those being taken advantage of are required to open their wallets and whip out their checkbooks to bring about the happy event. Nigerian Scam lottery There is no dead Uncle Fred, no rich deceased Reese. It's all a lie told to part you from your cash. So far we've seen versions of this scam emanating from supposed private investigating firms named Cappa Consultants, Midland Consulting Limited, and De Rosenberg Consulting, but the names the fraud artists choose to adopt for the purpose of parting the unwary from their money are unimportant; it's all a con. The names of genuine banking concerns (such as HSBC and Barclays) are dragged into the fray willy-nilly by the ill-intentioned to make the matter look more credible, but these real entities have nothing to do with the con. Indeed, as one official at HSBC responded to a query about these supposed windfall inheritances: It has come to our attention that a variation on an email is being circulated that has no connection to HSBC Republic. The email claims that HSBC Republic has employed investigators to contact the family of a deceased client who died intestate. To our knowledge such claims have no validity and we strongly recommend that recipients of such emails do not respond to the sender. Regards Web AdministrationHSBC Republic In another form of the scam, folks are contacted through regular mail by "estate locators" who say those receiving their notices are named beneficiaries of unclaimed family inheritances. Recipients are lured into mailing fees for estate reports, which will supposedly explain where their inheritances are located and how they can be claimed. These "estate locators" may also offer to process claims against these estates for a fee. It does occasionally happen someone so contacted does eventually find he or she has a right to claim against the estate of a distant relative who died without leaving a will. But in those cases, the amount garnered generally proves not to have been worth going after (indeed, often less than what was paid to the "locator" for the information). Estates do hire actual "heir locators" to find missing beneficiaries, but those so engaged are paid by the estate, not by the folks they find. There are also heir locators who freelance on a contingency basis, entering into agreements with those they connect with their rightful inheritances for percentages of sums so recovered. While this might sound like the scam being described above it's not  these legitimate heir locators receive payment only after estates are settled and heirs so found have received their bequests. Ergo, if a "locator" is asking you to pay up front, it's a scam. Those still clinging to the hope that there might still be something to their pie-in-the-sky e-mail, that hints at a life of luxury are just in the offing, should pause to consider that professionals in the process of contacting legitimate heirs do so through recognizable law firms, with the contact coming in the form of an actual letter (as opposed to an e-mail) on that firm's letterhead. We find it somewhat amusing that "intestate" (meaning to die without leaving a will) is so often mis-rendered in the e-mails distributed by the defrauders: it either comes out as "in testate" or as "interstate" (which we presume means to die between two highways). What You Can Do: Additional information:  Phony Inheritance Scam  (United States Postal Service) Phony Inheritance Scam  (United States Postal Service) Last updated:  27 November 2011   Choney, Suzanne.  "Key Flaws Reveal Truth Behind New E-Mail Hoax."Copley News Service.  7 July 2003. Bangor Daily News.  "Be Wary of Inheritance Notifications."2 February 2004  (p. A5). Since 2017, an imposing military-style vehicle with a giant rolling ball on its front has been featured in online advertisements and YouTube thumbnails. An advertisement created by the website Yeah Motor, which was hosted by the advertising platform Taboola, showed the image of the vehicle with the words: "The Military Spent $1 Billion on This New Vehicle, And Here's The First Look." Readers who clicked the advertisement were led to a 52-page slideshow on Yeah Motor, where the image of the ball vehicle did not appear. This method of drawing in readers with clickbait to a slideshow with multiple pages is known as advertising arbitrage. With arbitrage, the goal is to make more money on the ads displayed during the slideshow than it costs to place the ads that drive readers to the story in the first place. 52-page slideshow The MAD LAB YouTube channel also featured the image in a thumbnail for the video, "Best Off-Road Vehicles of All Time." video   However, the vehicle doesn't show up in the 12-minute video. The MAD LAB YouTube channel turned off the ability to like or dislike the video  where viewers can click a thumbs-up or thumbs-down icon  which is unique to this video in particular. The feature was perhaps disabled because of the large number of dislikes the video was receiving for failing to deliver on the promise in the thumbnail. Other videos on the channel allowed the liking and disliking of videos. The image is also featured on several other YouTube videos:   The military did not spend $1 billion on this "new vehicle" because it's not real. Concept artist Camille Kuo created the impressive artwork, although her signature appeared to be removed via Photoshop. The original "track ball" artwork with the signature is available on her ArtStation page: Camille Kuo https://www.artstation.com/artwork/PVxDy Kuo, who is from Taipei, Taiwan, told us that her artwork is available on image-licensing websites, which allows anyone who can pay the licensing fee the ability to use the artwork for commercial purposes. "That's why you see they are being used commercially without giving me credit," Kuo said. However, it's unclear if all of the advertisers and YouTube users that featured her artwork in thumbnails properly obtained licenses. For this piece, "track ball," I emphasized the importance of being a tank without having traditional tank wheels. It can massively mash whatever comes through at the bottom, making pancakes. All of the work is done in Photoshop using the industry of concept art techniques called Photobash and 3DKitbash. She told us that it took around two to three hours to create, although "the process of concepting the design takes the longest." Kuo's other work can be viewed on her ArtStation page. her ArtStation page Snopes debunks a wide range of content, and online advertisements are no exception. Misleading ads often lead to obscure websites that host lengthy slideshow articles with lots of pages. It's called advertising "arbitrage." The advertiser's goal is to make more money on ads displayed on the slideshow's pages than it cost to show the initial ad that lured them to it. Feel free to submit ads to us, and be sure to include a screenshot of the ad and the link to where the ad leads. submit ads to us On Nov. 20, 2021, Twitter user @delaneykingrox tweeted that film actor Harrison Ford improvised "I know" to Carrie Fisher's "I love you" in 1980's "Star Wars: Episode V - The Empire Strikes Back," just before his character, Han Solo, is frozen in carbonite. She also claimed that the originally scripted line for Solo to respond to Princess Leia was, "I love you too." tweeted frozen in carbonite claimed She tweeted the thread to talk about "on the nose" dialogue, which she defined as "communicating what is obvious to the audience with no subtly or subtext." tweeted     There are a number of rumors out there about "The Empire Strikes Back" that aren't true. For example, there's the fake audience reaction sound recording from 1980 that's received nearly 10 million views on YouTube. (A video with genuine audience reaction audio from 1980 does exist, but it only had several thousand views.) rumors fake audience reaction sound recording from 1980 As for this fact check, it's true that Ford improvised Solo's line, "I know," in "The Empire Strikes Back," and that the originally scripted line was, "I love you too." While many fans might debate that the trophy for the best line in the franchise would go to Darth Vader's "I am your father," there would perhaps also be a handful of people who would vote for Solo's "I know." https://www.youtube.com/watch?v=kdlRmWd_R7AIn a 2011 sitdown with "Cowboys and Aliens" director Jon Favreau, Ford explained that he wasn't a fan of "I love you too," which was the original line in the "Empire Strikes Back" script from story creator George Lucas. Leigh Brackett and Lawrence Kasdan also drafted the screenplay. Lucas also served as an executive producer on the film but did not direct it. The film was directed by Irvin Kershner. directed In the interview, Ford called Lucas "a powerful producer at the time," after the success of "American Graffiti" and "Star Wars Episode IV: A New Hope." "George had artfully contrived for Han Solo to say, 'I love you too,'" Ford said. However, the actor called it a "lost opportunity" and told Favreau: "You want your badasses to be a badass until the end." On the set of the film, Ford said he asked a question of Lucas and perhaps other members of the cast and crew. "What's the last thing a woman wants to hear when she says, 'I love you'? She says 'I love you,' and I say... 'I know.'" said https://www.youtube.com/watch?v=U4xdWpo4bh8According to Ford, they shot one take with the line, "I love you too," but said it was "just for protection." That recording has never been made public. "We shot one just for protection where I spoke the line as written," Ford said. "And George, I think, this is fair enough to say, he went apeshit. He thought it was horrible and that it would get a bad laugh. So I was obliged to sit next to him when he tested it for the first screening. There was a laugh, but it was a laugh of recognition. And so, he generously let it stay in the movie."  Carrie Fisher and Harrison Ford in 1980's "Star Wars: Episode V - The Empire Strikes Back." (Photo by Lucasfilm/Sunset Boulevard/Corbis via Getty Images)  In a separate interview that appeared to be recorded years before 2011, Kershner remembered that there were perhaps more takes with either the "I love you too" line or "I know," but didn't specify which one. remembered "We tried take after take after take. Nothing satisfied me," Kershner said. "And finally, I said, 'Harrison, don't think about it. Don't think about it. Let's shoot it. Ok, action.' And he dropped in and I said, 'cut.' I said, 'yeah, that's a great line. That's Han Solo.'" https://www.youtube.com/watch?v=KM_tGKSnMUEIn sum, yes, Ford improvised Solo's "I know" that was spoken in response to Leia's "I love you" in "The Empire Strikes Back," an exchange that perhaps could be considered as a pivotal scene in one of the most beloved onscreen love stories of all time. Debt is typically a major campaign issue in elections from the municipal level all the way up to the office of the President of the United States.  Candidates tout their accomplishments in balancing budgets or reducing government debt as examples of fiscal prudence while pointing to increased debts during their opponents' administrations as indicators of profligate and wasteful spending of taxpayers' money.    The chart reproduced above, which was posted to the Flickr account of House Minority Leader Nancy Pelosi, attempted to reverse conventional political stereotypes by portraying recent Republican presidents as responsible for huge increases in the national debt, while showing recent Democratic presidents as responsible for much lower increases in the level of debt.   Flickr account As a first step in evaluating this chart, we have to determine the applicable definition of "debt."  In general, the term "public debt" (or "debt held by the public") refers to money borrowed by the government through the issuance and sale of securities, government bonds, and bills.  It includes federal debt held by all investors outside of the federal government, including individuals, corporations, state or local governments, the Federal Reserve banking system, and foreign governments. Another form of debt is "intragovernmental debt" (or "debt held by government accounts"), which refers to money that the government has borrowed from itself, such as when the U.S. government invests money from federal savings programs such as Medicare and the Social Security trust fund by buying up its own treasury securities.  A variety of names have been applied to the total of these two forms of debt, including "gross federal debt," "total public debt," and "national debt." Although this chart is labeled as presenting a "percent increase in public debt," it actually uses figures corresponding to the total described as "gross federal debt" above (i.e., a combination of debt held by the public and debt held by government accounts, rather than just the former).  We checked the numbers in this chart by using (for pre-1993 years) the U.S. Treasury's Monthly Statement of the Public Debt (MSPD), noting the total debt reported as of January 31 of each relevant year, and (for 1993 onwards) the Treasury's The Debt to the Penny and Who Holds It application, noting the total debt reported as of Inauguration Day of each relevant year. Monthly Statement of the Public Debt The Debt to the Penny and Who Holds It From these records, we gleaned the following information: Ronald Reagan:Took office January 1981.  Total debt: $848 billionLeft office January 1989.    Total debt: $2,698 billionPercent change in total debt:  +218%  George H.W. Bush:Took office January 1989.  Total debt: $2,698 billionLeft office 20 January 1993.    Total debt: $4,188 billionPercent change in total debt:  +55% Bill Clinton:Took office 20 January 1993.  Total debt: $4,188 billionLeft office 20 January 2001.  Total debt: $5,728 billionPercent change in total debt:  +37% George W. Bush:Took office 20 January 2001.  Total debt: $5,728 billionLeft office 20 January 2009.  Total debt: $10,627 billionPercent change in total debt:  +86% Barack Obama:Took office 20 January 2009.  Total debt: $10,627 billionTotal debt (as of the end of April 2011):  $14,288 billionPercent change in total debt:  +34% So, as far as raw numbers go, the chart is reasonably accurate (although our calculations produced a somewhat higher debt increase for Ronald Reagan than reported).  That said, however, we have to consider how valuable these numbers are; whether by themselves they present a reasonable comparative measure of presidential fiscal responsibility.  In that regard, one could find a number of aspects to take issue with:  The chart isn't a true comparison of equals, as it includes three presidents who served two full terms (Reagan, Clinton, and George W. Bush), a president who served one term (George H.W. Bush), and a president who had served half a term (Obama).  Obviously, the longer a president holds office the greater the opportunity for him to influence the debt, and certainly (barring a radical change in current circumstances)  the increase reported for Barack Obama would be considerably higher by the time he left office.   All presidents come into office with policies and budgets that were put into place by their predecessors in the White House and Congress, and they all pass the same along to their successors when they leave office.  Therefore, determining how much of the change in debt that occurs during a given president's administration is actually the result of his actions (rather than the consequence of factors over which he had little or no influence) would require a much more complex analysis than the one presented here.  Which is the best measure of debt for this purpose: public debt, intragovernmental debt, or a combination of the two?  As noted in the General Accounting Office's FAQ on Federal Debt, they represent rather different concepts: FAQ Debt held by the public approximates current federal demand on credit markets. It represents a burden on today's economy, and the interest paid on this debt represents a burden on current taxpayers. Federal borrowing from the public absorbs resources available for private investment and may put upward pressure on interest rates. Further, debt held by the public is the accumulation of what the federal government borrowed in the past and is reported as a liability on the balance sheet of the government's consolidated financial statements. In contrast, debt held by government accounts (intragovernmental debt) and the interest on it represent a claim on future resources. This debt performs largely an internal accounting function. Special federal securities credited to government accounts (primarily trust funds) represent the cumulative surpluses of these accounts that have been lent to the general fund. These transactions net out on the government's consolidated financial statements. Debt issued to government accounts does not affect today's economy and does not currently compete with the private sector for available funds in the credit market.   Are plain percentage changes in the national debt level a useful figure, or do they need to be placed in context to have relevance?  Some would argue, for example, that the Debt-to-GDP ratio is a better measure of economic health relative to the national debt than raw debt figures alone, and a chart which tracked the change in that ratio over the last several presidencies would paint a significantly different picture of debt levels than the one displayed above. Debt-to-GDP chart All in all, this is a case of relatively accurate information which is of marginal value due to a lack of proper comparative context. It's a move straight out of the campaign playbook: If your opponent criticizes you for something, accuse him of doing the same thing.That's what Charlie Crist's campaign for U.S. Senate is trying to do to opponent Marco Rubio about supporting the $862 billion economic stimulus package.Rubio has repeatedly criticized Gov. Crist for supporting the plan, which used tax cuts and federal spending to try to jump-start the economy. Rubio has said that Crist breathed air into the sails of the failed Democrat plan, while deflating Republican efforts to rally behind an alternative.To turn the tables, Crist's campaign issued a satirical news release writtenas a speechthat Rubio supposedly would give to the Conservative Political Action Conference. In it, Rubio would acknowledge that he had said in a recent interview that I would have accepted the stimulus money. The news release was satire, but the point was serious -- that Rubio said he would have accepted stimulus money. We were surprised by that because Rubio has been so critical of the stimulus, so we decided to see what he had actually said. The Crist campaign is referring to a Rubio interview by Keith Cate of WFLA-TV in Tampa on Dec. 9, 2009. Asked whether he would not have accepted the stimulus money, Rubio said that ultimately I would have accepted those portions of the money that would not have put Florida in a worse position off in the future than it is right now.That's not exactly a hearty endorsement, but Rubio is definitely saying that he would take at least some of the money.When the statement set off blog frenzy, the Rubio campaign tried to explain. Alex Burgos, Rubio's spokesman, toldPoliticothat Theres a big different (sic) between what Charlie Crist did by accepting the Obama stimulus as the best that Congress could do, actively promoting it, advocating for it among his fellow Republicans ... and what other governors ultimately did  governors like Rick Perry, Bobby Jindal, Sarah Palin, Haley Barbor  by reluctantly accepting federal funds after the fact.Rubio toldNational Journal's  Hotline on Callthat advocating for the stimulus plan and accepting those dollars are not the same. The stimulus was a disaster and I would have fought it in every way possible.As far as we can tell, Rubio has been consistent with his position that there is a distinction between accepting money and actually endorsing the stimulus. Speaking with The Weekly Standard in May 2009, Rubio said that It's one thing to say you'll accept the funds from the federal government ... it's another to actively advocate those policies, which I think are disastrous for America.And indeed, even in the aforementioned interview, when asked whether he would have attended the presidential visit from Barack Obama -- referring to a February 2009 town hall meeting in Fort Myers, which Crist attended -- Rubio said he would have avoided it because that rally was in support of a specific plan.To recap: Crist's campaign claimed that Rubio admitted that he would have accepted the stimulus money. And indeed, in the WFLA interview, Rubio said he would have accepted those portions of the money that would not have put Florida in a worse position off in the future than it is right now.We rate this Mostly True. In March 2021, an online advertisement appeared to claim there was something special about the McDonald's golden arches logo. A page in the resulting story said that, in the 1960s, a psychologist named Louis Cheskin advised that McDonald's customers "associated the arches with a 'pair of nourishing breasts.'" page story  The advertisement in question.  "It's not just an 'M,'" read the picture that showed the McDonald's Golden Arches. "28 Hidden Images in Famous Business Logos (That You Never Noticed)." McDonald's Ahh, the famous Golden Arches! You probably realized that the "M" design stands for "McDonald's." However, you probably didn't know that the successful food chain's marketing team consulted a psychologist, Louis Cheskin, while creating their famed logo. Cheskin suggested that customers would unconsciously associate the arches with a "pair of nourishing breasts." Talk about subliminal symbolism. While it's misleading to say that Cheskin advised McDonald's when the logo was being created, we found that the main part of the claim was true. At a time when the company was considering ditching the golden arches, Cheskin advised McDonald's to keep them because they were, as Cheskin put it, "mother McDonald's breasts." The July 1995 issue of Reader's Digest appeared to be one of the sources of the information. While the issue wasn't available online for further reading, we found a story that cited the magazine in a Tennessee daily newspaper, The Jackson Sun. On July 24, 1995, the newspaper reported: July 1995 issue story The Jackson Sun Louis Cheskin, a specialist in the psychology of marketing who began his research in the 1930s [...] worked with McDonald's when it was about to abandon the arches as the architectural elements of its outlets. His research showed that the arches were great assets because they had "Freudian implications in the subconscious mind." Exactly what was meant by this was uncertain, but Davis Masten, who runs the company that Cheskin started, recalls that Cheskin also referred to the arches as "Mother McDonald's breasts" - a powerful association if you're replacing home cooking. Robert and Margaret Sneed, of Texas, were getting in their car at the McDonald's on Highland after lunch Saturday. They were en route to South Carolina through the Smokies. Asked if that was the association they had with the yellow arches of McDonald's, the retired couple laughed. "I believe that my only thought was a cup of coffee, fries, and a Big Mac," Robert Sneed said. "But I guess this is some kind of subliminal thing where we're presumably thinking this but not supposed to know we're thinking this, is that it?" "I think of an arch as being an entryway," Margaret offered. "I think of it more as being an entry to a restaurant, but then, I never was very imaginative." The newspaper also printed that "market research showed many people subconsciously connected" McDonald's golden arches "to mother and home cooking." In the 1997 book "The Total Package" by Thomas Hine, he published the same information, including the mention of "mother McDonald's breasts": book Cheskin worked with McDonald's at the time it was about to abandon arches as architectural elements of its outlets. He advised that the memory of the arches be kept in the form of the M in "McDonald's." His case was based, he said, on research that showed that "the arches had Freudian applications to the subconscious mind of the consumer and were great assets in marketing McDonald's food." In other words, Cheskin said, the arches are "mother McDonald's breasts, a useful association if you're replacing homemade food." We thank the reader who sent us information on this book. It helped to add to the data that showed the overall claim in this fact check is true. Another bit of credible reporting came from the BBC. In 2003, it printed a special article titled "Fast Food Factory." The story invited readers to "explore the past, present, and future of McDonalds and with it the fast-food industry." The piece mentioned the famed golden arches and its purported association to a pair of breasts: special article mentioned Attracting the Customers The logo for McDonald's is the golden arches of the letter M on a red background. The M stands for McDonald's, but the rounded m represents mummys mammaries, according to the design consultant and psychologist Louis Cheskin. In the 1960s McDonald's was prepared to abandon this logo, but Cheskin successfully urged the company to maintain this branding with its Freudian symbolism of a pair of nourishing breasts. This may seem funny, but it is no laughing matter to the industrial psychologists and marketing consultants who are paid millions to find new ways to seduce us into buying by manipulating our unconscious desires. We reached out to McDonald's and provided questions for our story, and the company responded by asking for our deadline. We heard back a second time when the company let us know that they may need more time. We reached out two additional times but did not receive any further responses. McDonald's In sum, it's true that, in the 1960s, Cheskin advised McDonald's to keep the golden arches at a time when the company was considering getting rid of them. On Oct. 25, 2021, the rating for this story was changed from "Research In Progress" to "Unproven" for the reasons mentioned at the end of the fact check. On Nov. 12, 2021, the rating for this story was changed from "Unproven" to "True" after we received information from a reader about a book that contained data on Cheskin's past. A photograph supposedly showing two women in the moment just before they were executed by an unidentified man is often shared with the claim that the gunman seen in the picture is the Argentine-born Cuban revolutionary figure Che Guevara, despite the fact that the executioner's face is not visible in the photograph:   This photograph is nearly always shared with anti-socialist sentiments and often posted along with barbs directed at politicians such as Bernie Sanders orAlexandria Ocasio-Cortez. Most commonly it is shared as a meme with the caption "This is the image of Che Guevara that should be seen on t-shirts." Bernie Sanders Alexandria Ocasio-Cortez meme caption Che Guevara is a controversial historical figure, regarded as anything from a cultural hero to little more than a wanton murderer. A number of articles, books, movies, and documentaries can assist those curious about the Marxist revolutionary in forming an educated opinion about his legacy, but this photograph should not be included in a hypothetical course on the subject, as it doesn't show Che Guevara. articles books movies documentaries Our investigation into the origins of this photograph took us from baseless claims on social media to archival photographs documenting wars in places such as El Salvador and Yugoslavia. Ultimately, however, our search ended in an unlikely location: Atlanta, Georgia. Before this image was first associated with Che Guevara in late 2017, the photograph was circulated attached to a different claim. In 2011, this picture was included in a gallery about the Farabundo Mart National Liberation Front (FMLN) during the Salvadorian Civil War, a bloody conflict which started in 1980 (thirteen years after Guevara's death): included   However, we could not confirm that this photograph truly shows a member of the FMNL during the Salvadorian Civil War. When we reached out to Martn lvarez Alberto, an El Salvadorian historian with a special interest in the FMNL, to ask if he was familiar with this photograph, he told us that he had never seen it and that he doubted that the picture was taken in El Salvador. Alberto noted that the men looked Caucasian, not Salvadorian, and that the building in the background was more typical of locations such as Europe or the United States. Susan Meiselas, a documentary photographer who worked in El Salvador during the Civil War, came to a similar conclusion: The buildings in this image did not resemble those in El Salvador. Meiselas also hypothesized that the photograph was taken in eastern Europe. The relatively modern wardrobe of the two women, and the suggestion that this photograph was taken in Eastern Europe, led us to examine photographs of theYugoslav Wars in the early 1990s. An image of DraganVasiljkovi, the commander of a Serb paramilitary unit called the Kninde who was found guilty of war crimes by the Republic of Croatia, appears to show similar fatigues: war crimes   This, of course, is not hard evidence that the photograph was taken during the Yugoslav Wars. In fact, when we talked tophotojournalistRon Haviv, who documented the Yugoslav Wars, he told us that he did not recognize the uniform of the man in the viral picture. So where was this photograph taken and whom does it show? Although our focus so far has been on war crimes, we had our doubts that this photograph even documented such a historical event. The nonchalant posture of the second man watching this alleged execution, the various people in the background who seem to be wearing backpacks, and the smoking bucket (which we hypothesize could be a makeshift fog machine), lead us to believe that this might be a photograph taken on the set of an obscure film production:   As it turns out, that's pretty much what this photograph shows. We uncovered another copy of this image on the web site for CISPES, the Committee in Solidarity with the People of El Salvador (CISPES), where it is presented as a photograph taken in 1989 of a "Guerrilla Theatre" performance at Emory University in Atlanta, Georgia: CISPES   We reached out to CISPES for more evidence that this was a theatrical production and they provided us with images showing a physical copy of this photograph which featured the words "Emory College Atlanta Mar 89" scrawled on the back:   This photograph does not document Che Guevara executing two women. It was taken in the late 1980s at Emory University in Atlanta, Georgia, and depicts a performance by a local "guerrilla theater" group. Mastinu, Luca.  "Bufala Acchiappalike 'Quanto Era Benevolo Il Che.'"   Bufale.net.  12 October 2017. Cosgrove, Ben.  "Che Guevara: The Rorschach Revolutionary."   TIME.  28 October 2014. El Torogoz.  "Album 12 De La Memoria Historica."   Retrieved 28 July 2018. Magnay, Jacquelin.  "Captain Dragan Convicted of War Crimes."   The Australian.  27 September 2017. Claim:   Congressional recommendations currently under consideration would cut $115 million in federal funding for the Corporation for Public Broadcasting. Status:  True. Example:  [Collected via e-mail, 2006] House Republicans just voted to slash funding for NPR and PBS this year. We stopped them last year. We can stop them again. Can you ask 3 friends to sign the petition telling Congress to save NPR and PBS? https://www.civic.moveon.org/publicbroadcasting https://www.civic.moveon.org/publicbroadcasting Origins:  Although a long-outdated  piece decrying supposed  piece upcoming cuts in funding for the NEA, NPR, PBS, and Sesame Street has been circulating for years (it addressed legislation already voted upon way back in 1995), recent congressional efforts have brought the issue to public attention again. In June 2006, the House Appropriations subcommittee that oversees health and education funding voted to cut federal funding provided to the Corporation for Public Broadcasting, which distributes money to the Public Broadcasting Service and National Public Radio. The proposed cuts would reduce the corporation's 2007 budget by $115 million, a 23% decrease in funding.  So far the budget cuts are only a subcommittee recommendation; they will not take effect unless they are approved by the full House Appropriations Committee and both houses of Congress. Similar budget cuts recommended by the subcommittee in June 2005 were overturned through lobbying efforts. June 2005 Last updated:  8 June 2006    Sources:   Klein, Rick.  "GOP Takes Aim at PBS Funding."    The Boston Globe.  8 June 2006. One of the less well knownaspects of the history of slavery is how many and how oftenpeople of color owned and traded slaves in earlyAmerica. Free Black slave holders could be found at one time or another "in each of thethirteen original states and later in every state that countenanced slavery," historian R. Halliburton Jr. observed. That Black people bought and sold other black people raises "vexing questions" for 21st-centuryAmericanslikeAfrican American writerHenry Louis Gates Jr., who writes that it betraysclass divisions that have always existed within the Black community. For others, it's an excuseto deflect the shared blame for the institution of slavery in America away from white people. Henry Louis Gates Jr. In the latter vein, a "9 Facts About Slavery They Don't Want You to Know" meme laysouta mixture of true, false and misleading historical claims. We'll address each one in turn below:   The first legal slave owner in American history was a Black tobacco farmer named Anthony Johnson. Possibly true. The wording of the statement is important. Anthony Johnson was not the first slave owner in American history, but he was, according to historians, among the first to have his lifetime ownership of a servant legally sanctionedby a court. sanctioned A former indentured servant himself, Anthony Johnson was a so-called "free negro" who owned a 250-acre farm in Virginia during the 1650s, withfive indentured servantsunder contract tohim. One of them, a Black man named John Casor, claimed that his term of servicehad expired years earlier and Johnson was holding himillegally. In 1654, a civil court found that Johnson in fact owned Casor's services for life, an outcome historian R Halliburton Jr. calls "one of the first known legal sanctions of slavery other than as a punishment for crime." John Casor North Carolina's largest slave holder in 1860 was a Black plantation owner named William Ellison. False. William Ellison was a very wealthy Black plantation owner and cotton gin manufacturerwholivedin South Carolina (not North Carolina). According to the 1860 census (in which his surname was listed as "Ellerson"), he owned 63 Black slaves, making him the largest of the 171 Black slaveholders in South Carolina, but far from the largest overall slave holder in the state. William Ellison census American Indians owned thousands of Black slaves. True. Historian Tiya Miles provided this snapshot of the Native American ownership of Black slaves at the turn of the 19th century forSlatemagazine in January 2016: snapshot Miles places the number of enslaved people held by Cherokees at around 600 at the start of the 19th century and around 1,500 at the time of westward removal in 1838-9. (Creeks, Choctaws, and Chickasaws, she said, held around 3,500 slaves, across the three nations, as the 19thcentury began.) "Slavery inched its way slowly into Cherokee life," Miles told me. "When a white man moved into a Native location, usually to work as a trader or as an Indian agent, he would own [African] slaves." If such a person also had a child with a Native woman, as was not uncommon, the half-European, half-Native child would inherit the enslaved people (and their children) under white law, as well as the right to use tribal lands under tribal law. This combination put such people in a position to expand their wealth, eventually operating large farms and plantations. In 1830 there were 3,775 free Black people who owned 12,740 Black slaves. Approximately true, according to historian R. Halliburton Jr.: There were approximately 319,599 free blacks in the United States in 1830. Approximately 13.7 per cent of the total black population was free. A significant number of these free blacks were the owners of slaves. The census of 1830 lists 3,775 free Negroes who owned a total of 12,760 slaves. Many Black slaves were allowed to hold jobs, own businesses, and own real estate. Somewhattrue. There were exceptions, but generally speaking especially after 1750, by which time slave codes had beenentered into the law books in most of the American colonies  Black slaves were not legally permittedto own property or businesses. From theOxford Companion to American Law (2002): Under these early codes, slaves had virtually no legal rights IN most areas they could be executed for crimes that were not capital offenses for whites. Their testimony was restricted in legal cases and could not be used either for or against whites. Trials of slaves were usually by special courts. Slaves could not own property, move about without consent of their owners, or legally marry. Brutal Black-on-Black slavery was common in Africa for thousands of years. True, in the sense that the phenomenonof human beings enslaving other human beings goes back thousands of years, but not just among Blacks, and not just in Africa. Most slaves brought to America from Africa were purchased from Black slave owners. Sort of true. Historian Steven Mintz describes the situation more accurately in the introduction to his bookAfrican-American Voices: ADocumentary Reader, 1619-1877: Apologists for the African slave trade long argued that European traders did not enslave anyone: they simply purchased Africans who had already been enslaved and who otherwise would have been put to death. Thus, apologists claimed, the slave trade actually saved lives. Such claims represent a gross distortion of the facts. Some independent slave merchants did in fact stage raids on unprotected African villages and kidnap and enslave Africans. Most professional slave traders, however, set up bases along the west African coast where they purchased slaves from Africans in exchange for firearms and other goods. Before the end of the seventeenth century, England, France, Denmark, Holland, and Portugal had all established slave trading posts on the west African coast. Yet to simply say that Europeans purchased people who had already been enslaved seriously distorts historical reality. While there had been a slave trade within Africa prior to the arrival of Europeans, the massive European demand for slaves and the introduction of firearms radically transformed west and central African society. A growing number of Africans were enslaved for petty debts or minor criminal or religious offenses or following unprovoked raids on unprotected villages. An increasing number of religious wars broke out with the goal of capturing slaves. European weapons made it easier to capture slaves. Slavery was common for thousands of years. True, as noted above though how "common" slavery has been and what the specific nature of that slavery was has varied according to time and place. White people ended legal chattel slavery. It's rather self-serving to claim that "white people" ended legal chattel slavery in the United States (much less ended chattel slavery, period), given that the overwhelming majority of Blacks in the U.S. could not vote, could not run for political office, and, in every other way conceivable, were excluded from institutional power. Moreover, even as some white people were laboring to put an end to slavery, many other white people were fighting to preserve it. Slavery was eliminated in America via the efforts of people of various ethnicities, including white people, who took up the banner of the abolitionist movement. The names of the white leaders of that movement tend to be better known than those of the Black leaders, among whom were David Walker, Frederick Douglass, Dred Scott, Harriet Tubman, Sojourner Truth, Nat Turner, and many others. When Congress passed (and the states ratified) the 13th Amendment in 1865, it was the culmination of many years of work by that multi-racial movement. efforts abolitionist 13th Amendment work  Davis, J.B. "Slavery in the Cherokee Nation."   Chronicles of Oklahoma, Vol. 11, No. 4.  December 1993. Gates Jr., Henry Louis.  "Did Black People Own Slaves?"   The Root.  4 March 2013. Gates Jr., Henry Louis.  "How Many Slaves Landed in the U.S.?"   The Root.  6 January 2014. Hall, Kermit L.  The Oxford Companion to American Law.   New York: Oxford University Press USA, 2002. ISBN 0-195-08878-6. Halliburton Jr., R.  "Free Black Owners of Slaves: A Reappraisal of the Woodson Thesis."   The South Carolina Historical Magazine, Vol. 76, No. 3.  July 1975. Johnson, Michael P. and Roark, James L.  Black Masters: A Free Family of Color in the Old South.   New York: W. W. Norton, 1986. ISBN 0-393-30314-4. Mintz, Steven.  African-American Voices: A Documentary Reader, 1619-1877.   New York: John Wiley & Sons, 2009.  ISBN 1-444-31077-1. Onion, Rebecca.  "America's Other Original Sin."   em>Slate.  January 2016. Rodriguez, Junius P.  The Historical Encyclopedia of World Slavery.   Santa Barbara: ABC-CLIO, 1997.  ISBN 0-874-36885-5. Russell, John Henderson.  The Free Negro in Virginia, 1619-1865.   Baltimore: Johns Hopkins Press, 1913.  ISBN 1-480-03049-X. Walton, Hanes and Smith, Robert C.  American Politics and the African American Quest for Universal Freedom.   London: Routledge, 2015.  ISBN 1-317-35045-6.