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Long-lost letter hints at George Washington’s financial struggles | CNN

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Long-lost letter hints at George Washington’s financial struggles | CNN




CNN
 — 

A protracted-lost letter from George Washington hints on the first president’s monetary woes, and it’s anticipated to fetch $50,000 at public sale.

The Raab Assortment, an public sale home specializing in historic paperwork, introduced the invention of the letter in a information launch Sunday.

The letter was beforehand “unknown to students” and was stored in a small personal assortment in rural West Virginia, in line with the information launch.

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Within the 1787 letter, the early politician writes of his must promote land and lift cash. He started corresponding with Israel Shreve, a retired colonel, who wished to make use of a type of credit score to purchase a 1,644-acre tract of land on the Youghiogheny River in western Pennsylvania, in line with the Raab assortment. However Washington insisted on promoting the land for money.

“The land you point out is on the market, & I want it was handy for me to accommodate you with it for navy certificates; however to boost cash is the one inducement I’ve to promote it,” Washington wrote.

“One fourth of the cash to be paid down – the opposite three fourths in three annual funds, with curiosity,” he added.

Washington wrote the letter simply months earlier than he would arrive in Philadelphia as chairman of the Constitutional Conference, which resulted within the creation of the American Structure. He was inaugurated because the nation’s first president two years later in 1789.

“This highly effective letter, coming because it does on the doorstep of one in all Washington’s nice moments, provides us a glimpse into the monetary stresses and issues of Washington, a person we consider in mythic phrases however actually had lots of our personal, very human points,” stated Nathan Raab, principal at The Raab Assortment, within the information launch.

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Washington at one time owned as many as 70,000 acres of land throughout what’s now seven states, in line with the information launch. His properties relied on the work of tons of of enslaved individuals, in line with the Nationwide Archives.



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WA lands commissioner wary of federal plan to kill thousands of owls • Washington State Standard

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WA lands commissioner wary of federal plan to kill thousands of owls • Washington State Standard


Washington’s public lands commissioner, Hilary Franz, is voicing skepticism about a federal proposal to kill thousands of barred owls in the Pacific Northwest to help the threatened northern spotted owl.

Franz wrote in a letter sent this week to Interior Secretary Deb Haaland that she’s concerned about “unintended consequences” and that the plan “could be unworkable given the scale of the overlapping habitat for barred owls and spotted owls.” 

The U.S. Fish and Wildlife is proposing to kill about 500,000 barred owls, living on millions of acres of land between California and Washington, over three decades. 

Hunters would shoot the owls with shotguns in most cases, according to a draft environmental impact statement released in November.

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The Commissioner doesn’t oppose the plan but has concerns about the cost, the scope, and potential impacts to habitat,” Franz spokesman Michael Kelly said in an email on Thursday. 

He also said Franz isn’t convinced the plan represents a solution to reducing threats to the spotted owl that’s “viable, affordable, or achievable.”

Franz, who is also running for a U.S. House seat in western Washington, asked to meet with Department of Interior staff but had not received a response from Haaland as of Thursday.

The U.S. Fish and Wildlife Service in November sought public comment on its draft barred owl management plan, noting that the owls are prolific hunters that decades ago moved beyond their traditional range in the eastern U.S., into western forests.

This leaves them competing against northern spotted owls, the species known for its central role in the battles in the 1980s and 1990s over logging Northwest forests. The Fish and Wildlife Service plan also aims to prevent barred owl incursions into California spotted owl habitat.

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Washington state designated the spotted owl as endangered in 1988 and the federal government listed the bird as threatened under the Endangered Species Act in 1990.



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Jeff Bezos Hasn’t Delivered What He Promised With The Washington Post

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Jeff Bezos Hasn’t Delivered What He Promised With The Washington Post


The latest plan for reversing losses at The Washington Post prompted the departure of its top editor, while raising questions about CEO Will Lewis, whose plan was cobbled together during months of discussions with owner Jeff Bezos. The plan itself remains largely a mystery and what little has been revealed isn’t reassuring.

When Bezos bought the Post for $250 million in 2013, the Amazon founder sought to assure staffers and customers that “the values of The Post do not need changing.” Bezos has consistently championed editorial independence since then, and has accepted the financial and reputational risks of owning a publication dedicated to covering politics and government.

Despite former President Donald Trump’s efforts to punish Amazon for coverage in the Post that he disliked, Bezos has never publicly complained about the Post’s critical coverage of the White House or of Amazon and himself.

Few questioned whether Bezos, whom Warren Buffet had called “the ablest CEO in America,” could fix the Post’s business. Under the Graham family’s leadership, the company had remained profitable by cutting expenses, but it lacked the resources to invest in the Post’s future. So, it was sold to Bezos, who promised the money and patience needed to ensure a turnaround.

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Amazon founder and Washington Post owner Jeff Bezos delivers remarks during the opening ceremony of the media company’s new location January 28, 2016 in Washington, DC.

Chip Somodevilla/Getty Images

But after a decade of investing in technology and expanded coverage, the Post says it lost $77 million in 2023 and that it has lost half its audience since 2020. The losses have continued this year. The results are consistent with those reported by other large urban publications.

Under Bezos and the Grahams, The Washington Post has sought to compete with The New York Times. It frequently does so editorially—it was awarded three Pulitzers this year and was a finalist in three other categories—but not as a business. The Times had net income of $232 million in 2023, up from $65 million in 2013. More impressively, at the end of 2023, the Times had 9.7 million digital-only subscribers, compared with only 760,000 digital subscribers a decade earlier. Acquisitions including The Athletic and Wirecutter, together with expanded sections devoted to recipes, gardening, and puzzles have buttressed the Times’ news coverage.

While there may be a global audience for The Post’s coverage of politics, it is unclear what else readers outside the Beltway will pay for.

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Lewis announced on June 3 that Matt Murray—former editor in chief of The Wall Street Journal—had replaced Executive Editor Sally Buzbee, and that Murray would serve as interim editor through November’s presidential election. Murray will then lead a new unit, reportedly focused on local service journalism, and Robert Winnett—deputy editor of London’s Telegraph Media Group—will become the editor responsible for core coverage, including politics, international investigations, and business news.

The facade of the Washington Post Building

The Washington Post Building at One Franklin Square Building on June 5, 2024 in Washington, DC.

Andrew Harnik/Getty Images

Anguished editorial staffers questioned Lewis about Buzbee’s departure, and also about reports that surfaced following the announcement that Lewis had sought to kill stories in the Post and on NPR about allegations of improper behavior years earlier, while working for Rupert Murdoch in London during Britain’s notorious phone-hacking scandal.

Lewis denied the allegations, but may have made matters worse by questioning the NPR writer’s integrity. The New York Times and others reported he also questioned Buzbee’s competence for thinking the allegations newsworthy.

I don’t know Lewis and I have rarely spoken to Bezos since TIME named him its Person of the Year in 1999. It may come as a surprise to journalists, but Bezos—like other billionaires I have known or worked for—doesn’t like losing money. Bezos’ net worth is close to $200 billion, but he has no interest in funding Post losses for the next 2,000 years, or, for that matter, the next 2,000 days.

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Like other billionaires, Bezos has diverse interests and he has rarely been a visible presence in the Post’s newsroom. He has also shown a penchant for relying on his instincts. He chose Fred Ryan, Lewis’ predecessor, on the recommendation of Jean Case, a friend and a former technology executive.

Lewis reached out to Bezos last fall while in London trying to line up financing to buy his old newspaper, the Telegraph. He has told friends that Bezos turned him down, saying that owning one money-losing publication was enough. Lewis has said Bezos then encouraged Lewis to speak to Patty Stonesifer, an Amazon board member who was running the Post while leading the search for a permanent CEO to succeed Fred Ryan.

The Post is one of many investments that require Bezos’ attention. He remains executive chair of Amazon, the company he founded that now has more than 1.5 million employees and annual revenues of more than $500 billion. He has invested in Uber, X (formerly Twitter), Business Insider, and Airbnb, as well as several private companies, including Blue Origin, an aerospace and defense company, and he has launched philanthropic organizations, including the Bezos Earth Fund.

Bezos and Stonesifer retained Sucherman, a well-regarded advisory firm to vet Lewis and other candidates for the job. Even if concerns about substance and style had surfaced, it is unlikely they would have deterred Bezos from hiring Lewis. Amazon has never shown an aversion to managers with sharp elbows.

Matt Murray gives a speech in front of workers of the Washington Post

Matt Murray, named as a new top editor of The Washington Post, pledged to lead a new era of innovation during a staff meeting Monday, June 3, 2024. The meeting that turned contentious when employees peppered publisher and CEO William Lewis with questions about the abrupt replacement of executive editor Sally Buzbee

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Robert Miller/The Washington Post via Getty Images

When Bezos announced Lewis’ appointment several weeks later, he said he thought Lewis was “an exceptional, tenacious industry executive whose background in fierce, award-winning journalism makes him the right leader at the right time.”

While a renewed emphasis on service journalism and local news makes sense, separating service from news does not. The Post had a separate newsroom for digital for several years. It did little to improve its fortunes, and Marcus Brauchli, who served as executive editor from 2008 to 2012, made consolidating the newsroom a condition of his taking the job.

In my opinion, Matt Murray should be responsible for both newsrooms, while keeping the editorial and opinion pages under the control of David Shipley. Bezos should also review the recent decision to kill the Post’s Sunday Opinion section and the Post’s weekly magazine. While neither seemed attractive to advertisers, both were valued by readers accustomed to paying for content. While there may be a global audience for the Post’s coverage of politics, it is unclear what else readers outside the Beltway will pay for.

Bezos was right to keep his Post purchase separate from Amazon and he deserves credit for never asking the Post to do anything at Amazon’s behest. His desire to serve readers’ needs, however, would have benefited from Amazon’s experience with customers. Why not offer Amazon’s pharmacy and other services to Post subscribers?

If Bezos is serious about making The Washington Post profitable, he will need to reduce the number of journalists on staff from its current level of about 1,000 employees. I cannot say by how much, but it will be hard to reconcile the new number with Bezos’ stated commitment to quality.

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Norman Pearlstine led newsrooms at The Wall Street Journal, Time Inc., when it published more than 150 titles, and The Los Angeles Times. He also held senior editorial positions at Bloomberg LP and Forbes and is the author of OFF THE RECORD: The Press, the Government, and The War over Anonymous Sources.



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2 killed in helicopter crash in Washington state, authorities say

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2 killed in helicopter crash in Washington state, authorities say


BLUESTEM, Wash. — Two men died in a helicopter crash in eastern Washington state, authorities said.

Lincoln County Fire District 6 Chief Brandon Larmer told KREM-TV that the helicopter had two people aboard when it crashed Wednesday afternoon.

The men who died were identified Thursday as 68-year-old Ryan Sandvig, of Spokane, and 63-year-old Mark Manteuffel, of Coeur d’Alene, Idaho, according to the Lincoln County coroner.

The Robinson R-44 helicopter went down near Bluestem, Washington, according to the National Transportation Safety Board. The agency, along with the Federal Aviation Administration, is investigating.

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