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In February 1990, his second year at Harvard, he was elected president of the law review, a full-time volunteer position functioning as editor-in-chief and supervising the law review's staff of 80 editors. [65] Obama's election as the first black president of the law review was widely reported and followed by several long, detailed profiles. [65]
Obama presents his first weekly address as President of the United States on January 24, 2009, discussing the American Recovery and Reinvestment Act of 2009 Job Growth by U.S. president, measured as cumulative percentage change from month after inauguration to end of term. 2016 was the first year U.S. real (inflation-adjusted) median household income surpassed 1999 levels.
Barack Obama. Before: $1.3 million After: $70 million The Obamas entered the White House as millionaires, but only barely, according to a report from American University in Washington, D.C. Upon ...
Short-term interest rates remained near zero for much of Obama's presidency, and the Federal Reserve did not raise interest rates during Obama's presidency until December 2015. [ 113 ] There was a sustained increase of the US unemployment rate during the early months of the administration, [ 114 ] as multi-year economic stimulus efforts continued.
Obama and Raul Castro reversed over 60 years of tension between the U.S. and Cuba by restoring diplomatic ties. 4. He urged states in 2013 to raise the minimum wage to $10.10 an hour.
Countries by median wealth per adult; source: Credit Suisse. Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions. This includes the core meaning as held in the originating Old English word weal, which is from an Indo-European word stem. [1]
Obama is gearing up to increase his sphere of influence — and potentially his net worth — as a producer. He and his wife signed a deal to produce series and films for Netflix in 2018.
The U.S. government owned vast amounts of good land (mostly from the Louisiana Purchase of 1803 and the Oregon Treaty with Britain in 1846). The challenge was to make the land useful to people and to provide the economic basis for the wealth that would pay off the war debt.