What if private investment could transform projects with public purpose? Private activity bonds (PABs) aim to do just that by combining the public-need mandates of state and local governments and risk-adjusted, profit-seeking motives of private capital groups. 　　PABs share many similarities and similar risk profiles with municipal bonds—many may consider PABs to be a subset of munis—but they are...

　　Cheryl Dunye Liberian American filmmaker Actions Share Share Share to social media Facebook X URL https://www.britannica.com/biography/Cheryl-Dunye Share Share Share to social media Facebook X URL https://www.britannica.com/biography/Cheryl-Dunye Written by Aaron Wright Aaron Wright was an Editorial Intern at Encyclopaedia Britannica. He graduated from the University of Maryland in 2024 with a bachelor's degree in journalism and a certificate in African American...

　　 　　As an investor, you’re typically given a choice: You can buy shares of stock, which makes you part owner of the underlying company, or you can buy bonds or other fixed-income securities, in which case you’re loaning the company money (and they’ll pay you interest). 　　But what if you could buy a bond, earn some interest, and then trade...

　　 　　Northern cardinal The popularity and widespread range of the northern cardinal (Cardinalis cardinalis) have prompted seven U.S. states to adopt it as their official state bird. (more) list of U.S. state birds Actions Share Share Share to social media Facebook X URL https://www.britannica.com/topic/list-of-U-S-state-birds Share Share Share to social media Facebook X URL https://www.britannica.com/topic/list-of-U-S-state-birds Written by John P. Rafferty John...

　　 　　Liz Phair American singer-songwriter and guitarist Liz Phair, 1994. (more) Liz Phair American singer-songwriter Actions Share Share Share to social media Facebook X URL https://www.britannica.com/biography/Liz-Phair Share Share Share to social media Facebook X URL https://www.britannica.com/biography/Liz-Phair Also known as: Elizabeth Clark Phair Written by Laura Payne Laura Payne is a freelance writer whose work covers many topics. She is a...

　　 　　A butterfly hovering near a flower The butterfly effect is the concept that small changes can lead to largely altered outcomes, making the future vastly difficult to predict. (more) butterfly effect chaos theory Actions Share Share Share to social media Facebook X URL https://www.britannica.com/science/butterfly-effect Share Share Share to social media Facebook X URL https://www.britannica.com/science/butterfly-effect Written by Allison Rauch Allison...

　　 　　What’s the difference between a company’s chief executive officer (CEO) and its president? And what about the board of directors and its leader, the chairman (or chairperson, or simply “chair”)? Who’s in charge? Fantastic question. 　　Corporate titles like these are common—exceedingly common—but not frequently defined. Here’s a rundown of all the chiefs and chairs, their functions, and the typical...

　　 　　The Dakota One of the first apartment buildings constructed in the sparsely populated Upper West Side when it was completed in 1884, the Dakota played a notable role in the transition of New York City's elites from living in single-family homes to luxury apartment buildings. (more) the Dakota building, New York City, New York, United States Actions Share Share...

　　 　　William Mulholland On the witness stand at a coroner's inquest following the collapse of the St. Francis Dam near Los Angeles in 1928, Irish American civil engineer William Mulholland took full responsibility for the disaster. (more) William Mulholland American civil engineer Actions Share Share Share to social media Facebook X URL https://www.britannica.com/biography/William-Mulholland Share Share Share to social media Facebook...

　　 　　Stingless bee An adult stingless bee (Partamona species) resting on a twig in Central America. (more) stingless bee insect Actions Share Share Share to social media Facebook X URL https://www.britannica.com/animal/stingless-bee Share Share Share to social media Facebook X URL https://www.britannica.com/animal/stingless-bee Also known as: Meliponini, meloponine bee Written by Sanat Pai Raikar Sanat Pai Raikar is a quizmaster and writer...

　　 　　Personal pronouns come in multiple forms Personal pronouns reflect an individual's gender, which may differ from the person's biological sex. (more) personal pronoun grammar Actions Share Share Share to social media Facebook X URL https://www.britannica.com/topic/personal-pronoun Share Share Share to social media Facebook X URL https://www.britannica.com/topic/personal-pronoun Written by August Samie August Hu Samie is Professor of Ethnic Studies at Ohlone...

　　 　　Jon Favreau Swingers, which was released in 1996, was Jon Favreau's breakout film: he wrote its script and starred in it, and he has credited it for opening numerous doors for him in Hollywood. (more) Jon Favreau American director, producer and actor Actions Share Share Share to social media Facebook X URL https://www.britannica.com/biography/Jon-Favreau Share Share Share to social media...