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August 18, 2005 08:01:00 AM

JURIST Guest Columnist Todd Zywicki, Professor of Law at George Mason University School of Law and a Fellow at the James Buchanan Center for Political Economy, says that the new federal bankruptcy legislation signed into law this past Spring weeds...

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THIS DAY @ LAW

FBI chief J. Edgar Hoover died

Longtime FBI Director J. Edgar Hoover died on May 2, 1972 at age 77, having led the agency since 1924. He built his reputation on battling bootleggers during Prohibition and communist and pro-rights groups after World War II.

Review Hoover's official FBI personnel file, released under the terms of the Freedom of Information Act.

European Central Bank founded

On May 2, 1998, the European Central Bank (ECB) was founded to set monetary policy for the sixteen EU nations who use the Euro as their primary currency.

Learn more about the ECB from the organization's website.