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99-735: SBS Broadcasting Group ( SBS ), formerly Scandinavian Broadcasting Systems , was a European multinational media group, operating commercial television, premium pay channels, radio stations and related print businesses in Northern, Western and Central and Eastern Europe. It became the second-largest broadcaster in Europe. SBS was founded by Harry E. Sloan in 1989, who bought a stake in the Danish station Kanal 2 (a local station in Copenhagen, now Kanal 4 ) and Norwegian TVNorge . In 1991, Sloan bought

198-721: A Christian . According to American political figure Stephen Vaughn , Reagan's values came from his pastor, and the First Christian Church's religious, economic and social positions "coincided with the words, if not the beliefs of the latter-day Reagan". Jack focused on making money to take care of the family, but this was complicated by his alcoholism. Reagan had an older brother, Neil . The family lived in Chicago, Galesburg , and Monmouth before returning to Tampico. In 1920, they settled in Dixon, Illinois , living in

297-546: A Republican . In the 1964 U.S. presidential election , Reagan gave a speech for presidential contender Barry Goldwater that was eventually referred to as " A Time for Choosing ". Reagan argued that the Founding Fathers "knew that governments don't control things. And they knew when a government sets out to do that, it must use force and coercion to achieve its purpose" and that "We've been told increasingly that we must choose between left or right". Even though

396-481: A balanced budget . The United States borrowed heavily to cover newly spawned federal budget deficits. Reagan described the tripled debt the "greatest disappointment of his presidency". Jeffrey Frankel opined that the deficits were a major reason why Reagan's successor, Bush, reneged on his campaign promise by raising taxes through the Budget Enforcement Act of 1990 . On March 30, 1981, Reagan

495-709: A small government and a strong national defense , since he believed the United States was behind the Soviet Union militarily. Heading into 1980, his age became an issue among the press, and the United States was in a severe recession . In the primaries , Reagan unexpectedly lost the Iowa caucus to George H. W. Bush . Three days before the New Hampshire primary , the Reagan and Bush campaigns agreed to

594-583: A "strapping young buck", which became an example of dog whistle politics , and attacked Ford for handing the Panama Canal to Panama's government while Ford implied that he would end Social Security . Then, in Illinois, he again criticized Ford's policy and his secretary of state, Henry Kissinger . Losing the first five primaries prompted Reagan to desperately win North Carolina's by running

693-634: A Nordic pay tv provider operating under the Canal+ brand. In that year, SBS was bought by the equity firms Permira and Kohlberg Kravis Roberts (KKR). Telegraaf Media Groep of the Netherlands was also a shareholder in SBS, with a 20% equity interest. Permira and KKR also bought the German broadcaster ProSiebenSat.1 Media in early 2007, and on 27 June 2007 it was announced that ProSiebenSat.1 Media acquired

792-488: A bill to create the holiday in 1983 after it passed both houses of Congress with veto-proof margins. In 1984, he signed legislation intended to impose fines for fair housing discrimination offenses. In March 1988, Reagan vetoed the Civil Rights Restoration Act of 1987 , but Congress overrode his veto. He had argued that the bill unreasonably increased the federal government's power and undermined

891-744: A bond between him and the American people that was never really broken". Later, Reagan came to believe that God had spared his life "for a chosen mission". Reagan appointed three Associate Justices to the Supreme Court of the United States : Sandra Day O'Connor in 1981, which fulfilled a campaign promise to name the first female justice to the Court, Antonin Scalia in 1986, and Anthony Kennedy in 1988. He also elevated William Rehnquist from Associate Justice to Chief Justice in 1986. The direction of

990-702: A broadcaster for the Chicago Cubs . His specialty was creating play-by-play accounts of games using only basic descriptions that the station received by wire as the games were in progress. Simultaneously, he often expressed his opposition to racism. In 1936, while traveling with the Cubs to their spring training in California, Reagan took a screen test that led to a seven-year contract with Warner Bros. Reagan arrived at Hollywood in 1937, debuting in Love Is on

1089-545: A grassroots campaign and uniting with the Jesse Helms political machine that viciously attacked Ford. Reagan won an upset victory, convincing party delegates that Ford's nomination was no longer guaranteed. Reagan won subsequent victories in Texas, Alabama, Georgia, and Indiana with his attacks on social programs, opposition to forced busing , increased support from inclined voters of a declining George Wallace campaign for

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1188-576: A house near the H. C. Pitney Variety Store Building . Reagan attended Dixon High School , where he developed interests in drama and football . His first job involved working as a lifeguard at the Rock River in Lowell Park . In 1928, Reagan began attending Eureka College at Nelle's approval on religious grounds. He was a mediocre student who participated in sports, drama, and campus politics. He became student body president and joined

1287-462: A limited acting range, was dissatisfied with the roles he received. As a result, Lew Wasserman renegotiated his contract with his studio, allowing him to also make films with Universal Pictures , Paramount Pictures , and RKO Pictures as a freelancer. With this, Reagan appeared in multiple western films , something that had been denied to him while working at Warner Bros. In 1952, he ended his relationship with Warner Bros., but went on to appear in

1386-412: A one-on-one debate sponsored by The Telegraph at Nashua, New Hampshire , but hours before the debate, the Reagan campaign invited other candidates including Bob Dole , John B. Anderson , Howard Baker and Phil Crane . Debate moderator Jon Breen denied seats to the other candidates, asserting that The Telegraph would violate federal campaign contribution laws if it sponsored the debate and changed

1485-469: A period of stagflation . On the world stage, he escalated the arms race , transitioned Cold War policy away from the policies of détente with the Soviet Union , and ordered the 1983 invasion of Grenada . Within the same period, Reagan also survived an assassination attempt , fought public-sector labor unions, expanded the war on drugs , and was slow to respond to the growing AIDS epidemic . In

1584-431: A positive take on free markets . Under GE vice president Lemuel Boulware , a staunch anti-communist, employees were encouraged to vote for business-friendly politicians. In 1961, Reagan adapted his speeches into another speech to criticize Medicare . In his view, its legislation would have meant "the end of individual freedom in the United States". In 1962, Reagan was dropped by GE, and he formally registered as

1683-472: A result, taxes on sales, banks, corporate profits, inheritances, liquor, and cigarettes jumped. Kevin Starr states, Reagan "gave Californians the biggest tax hike in their history—and got away with it". In the 1970 gubernatorial election , Unruh used Reagan's tax policy against him, saying it disproportionally favored the wealthy. Reagan countered that he was still committed to reducing property taxes. By 1973,

1782-707: A set of neoliberal reforms dubbed "Reaganomics", which included monetarism and supply-side economics . Reagan worked with the boll weevil Democrats to pass tax and budget legislation in a Congress led by Tip O'Neill , a liberal who strongly criticized Reaganomics. He lifted federal oil and gasoline price controls on January 28, 1981, and in August, he signed the Economic Recovery Tax Act of 1981 to dramatically lower federal income tax rates and require exemptions and brackets to be indexed for inflation starting in 1985. Amid growing concerns about

1881-471: A shell company, at a time when SPACs had gained a poor reputation, raising over $ 190 million for investments in in-flight entertainment. The pair launched a second SPAC, Silver Eagle Acquisition Corp., with Sloan serving as chairman, in 2013. Sloan and Sagansky formed their third SPAC in 2015, as Double Eagle Acquisition, with a $ US500 million IPO, followed by fourth SPAC, in 2018, Platinum Eagle Acquisition Corp., which had an IPO of $ US325 million. In 2019,

1980-626: A special election. Reagan's first tenure saw various labor–management disputes, the Hollywood blacklist , and the Taft–Hartley Act 's implementation. On April 10, the Federal Bureau of Investigation (FBI) interviewed Reagan and he provided them with the names of actors whom he believed to be communist sympathizers . During a House Un-American Activities Committee hearing, Reagan testified that some guild members were associated with

2079-521: A student strike that resulted in the college president's resignation. Reagan was initiated as a member of Tau Kappa Epsilon Fraternity and served as president of the local chapter. Reagan played at the guard position for the 1930 and 1931 Eureka Red Devils football teams and recalled a time when two black football teammates were refused service at a segregated hotel; he invited them to his parents' home nearby in Dixon and his parents welcomed them. At

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2178-624: A total of 53 films, his last being The Killers (1964). In April 1937, Reagan enlisted in the United States Army Reserve . He was assigned as a private in Des Moines' 322nd Cavalry Regiment and reassigned to second lieutenant in the Officers Reserve Corps. He later became a part of the 323rd Cavalry Regiment in California. As relations between the United States and Japan worsened, Reagan

2277-405: A vocal critic of President Carter in 1977. The Panama Canal Treaty 's signing, the 1979 oil crisis , and rise in the interest, inflation and unemployment rates helped set up his 1980 presidential campaign, which he announced on November 13, 1979 with an indictment of the federal government. His announcement stressed his fundamental principles of tax cuts to stimulate the economy and having both

2376-521: Is married to Florence (née Low) Sloan who is of Malaysian Chinese descent and emigrated to the U.S. They have two sons. Sloan lives in Los Angeles, California. In 2000, he purchased the Bel Air home of Janet Jackson for $ 9.5 million. Ronald Reagan Ronald Wilson Reagan (February 6, 1911 – June 5, 2004) was an American politician and actor who served as the 40th president of

2475-540: The 1948 presidential election , and Helen Gahagan Douglas for the U.S. Senate in 1950 . It was Reagan's belief that communism was a powerful backstage influence in Hollywood that led him to rally his friends against them. Reagan began shifting to the right when he supported the presidential campaigns of Dwight D. Eisenhower in 1952 and Richard Nixon in 1960. When Reagan was contracted by General Electric (GE), he gave speeches to their employees. His speeches had

2574-592: The 1984 presidential election , he defeated Carter's former vice president, Walter Mondale , in another landslide victory. Foreign affairs dominated Reagan's second term, including the 1986 bombing of Libya , the secret and illegal sale of arms to Iran to fund the Contras , and a more conciliatory approach in talks with Soviet leader Mikhail Gorbachev culminating in the Intermediate-Range Nuclear Forces Treaty . Reagan left

2673-561: The AFL–CIO to fight right-to-work laws , and continued to speak out against racism when he was in Hollywood. In 1945, Reagan planned to lead an HICCASP anti-nuclear rally, but Warner Bros. prevented him from going. In 1946, he appeared in a radio program called Operation Terror to speak out against rising Ku Klux Klan activity in the country, citing the attacks as a "capably organized systematic campaign of fascist violence and intimidation and horror". Reagan also supported Harry S. Truman in

2772-516: The Black Monday stock market crash, although the markets eventually recovered. By 1989, the BLS measured the unemployment rate at 5.3 percent. The inflation rate dropped from 12 percent during the 1980 election to under 5 percent in 1989. Likewise, the interest rate dropped from 15 percent to under 10 percent. Yet, not all shared equally in the economic recovery, and both economic inequality and

2871-555: The Bureau of Labor Statistics (BLS) measured the unemployment rate at 10.8 percent. Around the same time, economic activity began to rise until its end in 1990 , setting the record for the longest peacetime expansion. In 1983, the recession ended and Reagan nominated Volcker to a second term in fear of damaging confidence in the economic recovery. Reagan appointed Alan Greenspan to succeed Volcker in 1987. Greenspan raised interest rates in another attempt to curb inflation, setting off

2970-592: The Communist Party and that he was well-informed about a "jurisdictional strike". When asked if he was aware of communist efforts within the Screen Writers Guild , he called information about the efforts "hearsay". Reagan resigned as SAG president November 10, 1952, but remained on the board; Walter Pidgeon succeeded him as president. The SAG fought with film producers for the right to receive residual payments , and on November 16, 1959,

3069-565: The Defense Intelligence Agency to discover why the United States was unable to maintain its economic competitiveness. According to program director Michael Sekora, their findings helped the country surpass the Soviets in terms of missile defense technology. Reagan sought to loosen federal regulation of economic activities, and he appointed key officials who shared this agenda. William Leuchtenburg writes that by 1986,

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3168-742: The Democratic nomination , and repeated criticisms of Ford and Kissinger's policies, including détente . The result was a seesaw battle for the 1,130 delegates required for their party's nomination that neither would reach before the Kansas City convention in August and Ford replacing mentions of détente with Reagan's preferred phrase, " peace through strength ". Reagan took John Sears ' advice of choosing liberal Richard Schweiker as his running mate, hoping to pry loose of delegates from Pennsylvania and other states, and distract Ford. Instead, conservatives were left alienated, and Ford picked up

3267-545: The Employment Development Department published a report suggesting that the experiment that ran from 1971 to 1974 was unsuccessful. Reagan declined to run for the governorship in 1974 and it was won by Pat Brown's son, Jerry . Reagan's governorship, as professor Gary K. Clabaugh writes, saw public schools deteriorate due to his opposition to additional basic education funding. As for higher education, journalist William Trombley believed that

3366-517: The People's Park . One student was shot and killed while many police officers and two reporters were injured. Reagan then commanded the state National Guard troops to occupy Berkeley for seventeen days to subdue the protesters, allowing other students to attend class safely. In February 1970, violent protests broke out near the University of California, Santa Barbara , where he once again deployed

3465-496: The SBS Broadcasting group for 3.3 billion euros from the joint owners. ProSiebenSat.1 Media became the second-largest broadcaster of Europe with 48 TV stations. Starting in 2011, ProSiebenSat.1 Media started to sell its non-German properties. The Dutch operations have been bought by Sanoma and Talpa Media Holding on 20 April 2011. In the end of 2011 ProSiebenSat.1 Group has sold its Bulgarian radio stations as well as

3564-527: The Southern strategy to garner white support for Republican candidates. Reagan's supporters have said that this was his typical anti-big government rhetoric, without racial context or intent. In the October 28 debate , Carter chided Reagan for being against national health insurance. Reagan replied, " There you go again ", though the audience laughed and viewers found him more appealing. Reagan later asked

3663-767: The United States Army Air Forces (AAF). Reagan became an AAF public relations officer and was subsequently assigned to the 18th AAF Base Unit in Culver City where he felt that it was "impossible to remove an incompetent or lazy worker" due to what he felt was "the incompetence, the delays, and inefficiencies" of the federal bureaucracy . Despite this, Reagan participated in the Provisional Task Force Show Unit in Burbank and continued to make theatrical films. He

3762-468: The economic boom of the 1990s . Reagan took office in the midst of stagflation . The economy briefly experienced growth before plunging into a recession in July 1981. As Federal Reserve chairman, Paul Volcker fought inflation by pursuing a tight money policy of high interest rates , which restricted lending and investment, raised unemployment, and temporarily reduced economic growth. In December 1982,

3861-432: The presidential oath of office . In his inaugural address , Reagan commented on the country's economic malaise, arguing, "In this present crisis, government is not the solution to our problem, government is the problem". As a final insult to President Carter, Iran waited until Reagan had been sworn in before announcing the release of their American hostages. Reagan advocated a laissez-faire philosophy, and promoted

3960-629: The Air (1937). Using a simple and direct approach to acting and following his directors' instructions, Reagan made thirty films, mostly B films , before beginning military service in April 1942. He broke out of these types of films by portraying George Gipp in Knute Rockne, All American (1940), which would be rejuvenated when reporters called Reagan "the Gipper" while he campaigned for president of

4059-534: The Black Panthers". The act marked the beginning of both modern legislation and public attitude studies on gun control. Reagan also signed the 1967 Therapeutic Abortion Act that allowed abortions in the cases of rape and incest when a doctor determined the birth would impair the physical or mental health of the mother. He later expressed regret over signing it, saying that he was unaware of the mental health provision. He believed that doctors were interpreting

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4158-569: The Brown administration about high taxes, uncontrolled spending, the radicals at the University of California, Berkeley , and the need for accountability in government". Meanwhile, many in the press perceived Reagan as "monumentally ignorant of state issues", though Lou Cannon said that Reagan benefited from an appearance he and Brown made on Meet the Press in September. Ultimately, Reagan won

4257-704: The District of Columbia. He won the popular vote by a narrower margin, receiving nearly 51 percent to Carter's 41 percent and Anderson's 7 percent. In the United States Congress , Republicans won a majority of seats in the Senate for the first time since 1952 while Democrats retained the House of Representatives . Reagan was inaugurated as the 40th president of the United States on Tuesday, January 20, 1981. Chief Justice Warren E. Burger administered

4356-470: The Family Law Act that granted no-fault divorces . Insufficiently conservative to Reagan and many other Republicans, President Gerald Ford suffered from multiple political and economic woes. Ford, running for president, was disappointed to hear him also run. Reagan was strongly critical of détente and Ford's policy of détente with the Soviet Union. He repeated "A Time for Choosing" around

4455-544: The National Guard. On April 7, Reagan defended his policies regarding campus protests, saying, "If it takes a bloodbath, let's get it over with. No more appeasement". During his victorious reelection campaign in 1970, Reagan, remaining critical of government, promised to prioritize welfare reform . He was concerned that the programs were disincentivizing work and that the growing welfare rolls would lead to both an unbalanced budget and another big tax hike in 1972. At

4554-663: The New Hampshire primary by more than 39,000 votes. Soon thereafter, Reagan's opponents began dropping out of the primaries, including Anderson, who left the party to become an independent candidate. Reagan easily captured the presidential nomination and chose Bush as his running mate at the Detroit convention in July. The general election pitted Reagan against Carter amid the multitude of domestic concerns and ongoing Iran hostage crisis that began on November 4, 1979. Reagan's campaign worried that Carter would be able to secure

4653-558: The President's Advisory Council on Trade and Policy Negotiations (ACTPN). In 1989, Sloan founded SBS Broadcasting, which became the second-largest broadcaster in Europe, serving as chairman and CEO from 1990 to 2001. Near the end of this term, he purchased a 9 per cent stake in ZeniMax Media , which SBS Broadcasting holds, having sat on ZeniMax's board since 1999. In 2005, Sloan sold his SBS interest of 11 per cent as part of

4752-550: The Reagan administration eliminated almost half of the federal regulations that had existed in 1981. The 1982 Garn–St. Germain Depository Institutions Act deregulated savings and loan associations by letting them make a variety of loans and investments outside of real estate. After the bill's passage, savings and loans associations engaged in riskier activities, and the leaders of some institutions embezzled funds. The administration's inattentiveness toward

4851-574: The Republican primary, Reagan defeated George Christopher , a moderate Republican who William F. Buckley Jr. thought had painted Reagan as extreme. Reagan's general election opponent, incumbent governor Pat Brown , attempted to label Reagan as an extremist and tout his own accomplishments. Reagan portrayed himself as a political outsider, and charged Brown as responsible for the Watts riots and lenient on crime. In numerous speeches, Reagan "hit

4950-534: The SAG presidency on June 7, 1960, and also left the board; George Chandler succeeded him as SAG president. In January 1940, Reagan married Jane Wyman , his co-star in the 1938 film Brother Rat . Together, they had two biological daughters: Maureen in 1941, and Christine in 1947 (born prematurely and died the following day). They adopted one son, Michael , in 1945. Wyman filed to divorce Reagan in June 1948. She

5049-732: The Supreme Court's reshaping has been described as conservative. Early in August 1981, the Professional Air Traffic Controllers Organization (PATCO) went on strike , violating a federal law prohibiting government unions from striking. On August 3, Reagan said that he would fire air traffic controllers if they did not return to work within 48 hours; according to him, 38 percent did not return. On August 13, Reagan fired roughly 12,000 striking air traffic controllers who ignored his order. He used military controllers and supervisors to handle

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5148-610: The Swedish Nordic Channel , which was soon renamed Kanal 5 and became the third-largest commercial broadcaster in the country. The company was originally known as "TV1", but was renamed "Scandinavian Broadcasting Systems" in 1991. After expanding into Benelux and Eastern Europe, the name was changed again, this time to SBS. By July 1994, the time of the CC/ABC-Disney merger, Capital Cities/ABC owned 23% of SBS. In March 2005, SBS acquired C More Entertainment ,

5247-664: The United States from 1981 to 1989. A member of the Republican Party , he became an important figure in the American conservative movement , and his presidency is known as the Reagan era . Born and raised in Illinois, Reagan graduated from Eureka College in 1932 and was hired the next year as a sports broadcaster in Iowa. In 1937, he moved to California where he became a well-known film actor. During his acting career, Reagan

5346-468: The United States. Afterward, Reagan starred in Kings Row (1942) as a leg amputee, asking, "Where's the rest of me?" His performance was considered his best by many critics. Reagan became a star, with Gallup polls placing him "in the top 100 stars" from 1941 to 1942. World War II interrupted the movie stardom that Reagan would never be able to achieve again as Warner Bros. became uncertain about his ability to generate ticket sales. Reagan, who had

5445-419: The amount of federal tax had fallen for all or most taxpayers, but most strongly affected the wealthy. The Tax Reform Act of 1986 reduced the number of tax brackets and top tax rate, and almost doubled personal exemptions . To Reagan, the tax cuts would not have increased the deficit as long as there was enough economic growth and spending cuts. His policies proposed that economic growth would occur when

5544-419: The audience if they were better off than they were four years ago, slightly paraphrasing Roosevelt's words in 1934. In 1983, Reagan's campaign managers were revealed to having obtained Carter's debate briefing book before the debates. On November 4, 1980, Reagan won in a decisive victory in the Electoral College over Carter, carrying 44 states and receiving 489 electoral votes to Carter's 49 in six states and

5643-424: The backing of Reagan Democrats . Though he advocated socially conservative view points, Reagan focused much of his campaign on attacks against Carter's foreign policy . In August, Reagan gave a speech at the Neshoba County Fair , stating his belief in states' rights . Joseph Crespino argues that the visit was designed to reach out to Wallace-inclined voters, and some also saw these actions as an extension of

5742-457: The board elected Reagan SAG president for the second time; he replaced Howard Keel , who had resigned. During this second stint, Reagan managed to secure payments for actors whose theatrical films had been released between 1948 and 1959 and subsequently televised. The producers were initially required to pay the actors fees, but they ultimately settled instead for providing pensions and paying residuals for films made after 1959. Reagan resigned from

5841-512: The budget cuts Reagan enacted damaged Berkeley's student-faculty ratio and research. Additionally, the homicide rate doubled and armed robbery rates rose by even more during Reagan's eight years, even with the many laws Reagan signed to try toughening criminal sentencing and reforming the criminal justice system. Reagan strongly supported capital punishment, but his efforts to enforce it were thwarted by People v. Anderson in 1972. According to his son, Michael, Reagan said that he regretted signing

5940-412: The budget had a surplus, which Reagan preferred "to give back to the people". In 1967, Reagan reacted to the Black Panther Party 's strategy of copwatching by signing the Mulford Act to prohibit the public carrying of firearms. The act was California's most restrictive piece of gun control legislation , with critics saying that it was "overreacting to the political activism of organizations such as

6039-405: The city of Berkeley , making it a major theme in his campaigning. On February 5, 1969, Reagan declared a state of emergency in response to ongoing protests and acts of violence at the University of California, Berkeley, and sent in the California Highway Patrol . In May 1969, these officers, along with local officers from Berkeley and Alameda county, clashed with protestors over a site known as

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6138-434: The company's acquisition in 2007. Belgium Bulgaria Denmark Finland Italy Hungary Macedonia Netherlands Norway Romania Portugal Sweden Switzerland Denmark Greece Norway Romania Sweden Harry E. Sloan Sloan was born to a working class Jewish family in Torrance, California . His father worked in the parts department at Douglas Aircraft; his mother

6237-577: The country before announcing his campaign on November 20, 1975, when he discussed economic and social problems, and to a lesser extent, foreign affairs. Both candidates were determined to knock each other out early in the primaries, but Reagan would devastatingly lose the first five primaries beginning with New Hampshire, where he popularized the welfare queen narrative about Linda Taylor , exaggerating her misuse of welfare benefits and igniting voter resentment for welfare reform, but never overtly mentioning her name or race. In Florida, Reagan referred to

6336-462: The debate began. The moderator asked Bob Malloy, the volume operator, to mute Reagan's microphone. After Breen repeated his demand to Malloy, Reagan furiously replied, "I am paying for this microphone, Mr. Green! [ sic ]". This turned out to be the turning point of the debate and the primary race. Ultimately, the four additional candidates left, and the debate continued between Reagan and Bush. Reagan's polling numbers improved, and he won

6435-418: The end of the Cold War and the end of Soviet communism . Alzheimer's disease hindered Reagan post-presidency, and his physical and mental capacities gradually deteriorated, ultimately leading to his death in 2004. Historical rankings of U.S. presidents have typically placed Reagan in the upper tier, and his post-presidential approval ratings by the general public are usually high. Ronald Wilson Reagan

6534-525: The enforcement of civil rights law, arousing the ire of civil rights advocates. In 1987, Reagan unsuccessfully nominated Robert Bork to the Supreme Court as a way to achieve his civil rights policy that could not be fulfilled during his presidency; his administration had opposed affirmative action , particularly in education, federal assistance programs, housing and employment, but Reagan reluctantly continued these policies. In housing, Reagan's administration saw considerably fewer fair housing cases filed than

6633-525: The governorship with 57 percent of the vote compared to Brown's 42 percent. Brown had spent much of California's funds on new programs, prompting them to use accrual accounting to avoid raising taxes. Consequently, it generated a larger deficit, and Reagan would call for reduced government spending and tax hikes to balance the budget . He worked with Jesse M. Unruh on securing tax increases and promising future property tax cuts. This caused some conservatives to accuse Reagan of betraying his principles. As

6732-405: The ground rules hours before the debate. As a result, the Reagan campaign agreed to pay for the debate. Reagan said that as he was funding the debate, he could decide who would debate. During the debate, when Breen was laying out the ground rules and attempting to ask the first question, Reagan interrupted in protest to make an introductory statement and wanted other candidates to be included before

6831-427: The host of MCA Inc. television production General Electric Theater at Wasserman's recommendation. It featured multiple guest stars, and Ronald and Nancy Reagan, continuing to use her stage name Nancy Davis, acted together in three episodes. When asked how Reagan was able to recruit such stars to appear on the show during television's infancy, he replied, "Good stories, top direction, production quality". However,

6930-453: The industry contributed to the savings and loan crisis and costly bailouts. The deficits were exacerbated by the early 1980s recession, which cut into federal revenue. The national debt tripled between the fiscal years of 1980 and 1989, and the national debt as a percentage of the gross domestic product rose from 33 percent in 1981 to 53 percent by 1989. During his time in office, Reagan never fulfilled his 1980 campaign promise of submitting

7029-460: The mounting federal debt , Reagan signed the Tax Equity and Fiscal Responsibility Act of 1982 , one of the eleven times Reagan raised taxes. The bill doubled the federal cigarette tax , rescinded a portion of the corporate tax cuts from the 1981 tax bill, and according to Paul Krugman , "a third of the 1981 cut" overall. Many of his supporters condemned the bill, but Reagan defended his preservation of cuts on individual income tax rates. By 1983,

7128-565: The music channel the Voice TV to A.E. Best Success Services Bulgaria EOOD. The transaction was closed on 10 November 2011. On 14 December 2012, Discovery Communications bought the Nordic portion of SBS for $ 1.7 billion. The radio stations were later sold to Bauer Media Group . The Romanian TV and radio operations were bought by Romanian businessman Cristian Burci and Antenna Group in 2013. This section lists former channels and publications until

7227-471: The nation's commercial air traffic until new controllers could be hired and trained. The breaking of the PATCO strike demoralized organized labor, and the number of strikes fell greatly in the 1980s. With the assent of Reagan's sympathetic National Labor Relations Board appointees, many companies also won wage and benefit cutbacks from unions, especially in the manufacturing sector. During Reagan's presidency,

7326-528: The number of homeless individuals increased during the 1980s. Critics have contended that a majority of the jobs created during this decade paid the minimum wage. In 1981, in an effort to keep it solvent, Reagan approved a plan for cuts to Social Security. He later backed off of these plans due to public backlash. He then created the Greenspan Commission to keep Social Security financially secure, and in 1983 he signed amendments to raise both

7425-492: The pair launched their fifth SPAC, Diamond Eagle Acquisition Corp., with a US$ 400 million IPO. In September 2020, Bloomberg reported that Sloan and Sagansky had launched six SPACs, which had raised US$ 2.4 billion since 2011. The sixth SPAC, Flying Eagle Acquisition Corp., had had a $ 600 million IPO. In 2021, the partners formed a seventh SPAC, Soaring Eagle Acquisition Corp., with an IPO that raised $ 1.75 billion, reported by Variety as far exceeding comparable IPOs. In June 2021,

7524-719: The partners, noted as “serial SPACers”, filed with the SEC for an eighth SPAC, Spinning Eagle Acquisition, to raise up to $ US2 billion. Sloan was a California state financial chair for the Mitt Romney presidential campaign, 2012 . Sloan also serves as a trustee on the board of The McCain Institute . During the 2016 election cycle, Sloan initially supported Ohio Governor John Kasich until he dropped out and on August 9, 2016, Sloan announced his support for Democrat Hillary Clinton . Sloan has two daughters from his first marriage. He

7623-420: The presidency in 1989 with the American economy having seen a significant reduction of inflation, the unemployment rate having fallen, and the U.S. having entered its then-longest peacetime expansion. At the same time, the national debt had nearly tripled since 1981 as a result of his cuts in taxes and increased military spending, despite cuts to domestic discretionary spending. Reagan's policies also contributed to

7722-458: The production side of the film industry in 1983 when he acquired New World Pictures from Roger Corman with his former law partner Lawrence Kuppin , which they renamed New World Entertainment Ltd., becoming producers, serving as co-chairs until 1989, and growing the B-movie studio into a mini-major . New World was sold to Ron Pearlman in 1993. He was appointed by Ronald Reagan in 1987 to

7821-697: The program's payroll taxes and retirement age for benefits. He had signed the Omnibus Budget Reconciliation Act of 1981 to cut funding for federal assistance such as food stamps, unemployment benefits , subsidized housing and the Aid to Families with Dependent Children , and would discontinue the Comprehensive Employment and Training Act . On the other side, defense spending doubled between 1981 and 1985. During Reagan's presidency, Project Socrates operated within

7920-549: The provision loosely and more abortions were resulting. After Reagan won the 1966 election, he and his advisors planned a run in the 1968 Republican presidential primaries . He ran as an unofficial candidate to cut into Nixon's southern support and be a compromise candidate if there were to be a brokered convention . He won California's delegates, but Nixon secured enough delegates for the nomination . Reagan had previously been critical of former governor Brown and university administrators for tolerating student demonstrations in

8019-700: The release of the American hostages in Iran as part of the October surprise , Carter "suggested that Reagan would wreck Social Security " and portrayed him as a warmonger, and Anderson carried support from liberal Republicans dissatisfied with Reagan's conservatism. One of Reagan's key strengths was his appeal to the rising conservative movement. Though most conservative leaders espoused cutting taxes and budget deficits, many conservatives focused more closely on social issues like abortion and gay rights . Evangelical Protestants became an increasingly important voting bloc, and they generally supported Reagan. Reagan also won

8118-433: The remaining uncommitted delegates and prevailed, earning 1,187 to Reagan's 1,070. Before giving his acceptance speech, Ford invited Reagan to address the convention; Reagan emphasized individual freedom and the dangers of nuclear weapons. In 1977, Ford told Cannon that Reagan's primary challenge contributed to his own narrow loss to Democrat Jimmy Carter in the 1976 United States presidential election . Reagan emerged as

8217-635: The rights of churches and business owners. Later in September, legislation was passed to correct loopholes in the Fair Housing Act of 1968 . Early in his presidency, Reagan appointed Clarence M. Pendleton Jr. , known for his opposition to affirmative action and equal pay for men and women, as chair of the United States Commission on Civil Rights despite Pendleton's hostility toward long-established civil rights views. Pendleton and Reagan's subsequent appointees greatly eroded

8316-427: The sale of the broadcaster to Permira and Kohlberg Kravis Roberts , in a deal valued at about US$ 2.26 billion. Sloan served as chairman and CEO of MGM from 2005 to 2009, before the company restructured via a pre-packaged bankruptcy, where he remained a consultant. In February 2011, Sloan partnered with former CBS Entertainment and Sony Pictures CEO Jeff Sagansky, forming Global Eagle Acquisition Corp., as

8415-516: The same time, the Federal Reserve increased interest rates to combat inflation, putting the American economy in a mild recession . Reagan worked with Bob Moretti to tighten up the eligibility requirements so that the financially needy could continue receiving payments. This was only accomplished after Reagan softened his criticism of Nixon's Family Assistance Plan . Nixon then lifted regulations to shepherd California's experiment. In 1976,

8514-576: The share of employees who were part of a labor union dropped from approximately one-fourth of the total workforce to approximately one-sixth of the total workforce. Despite Reagan having opposed the Voting Rights Act of 1965 , the bill was extended for 25 years in 1982. He initially opposed the establishment of Martin Luther King Jr. Day , and alluded to claims that King was associated with communists during his career, but signed

8613-656: The speech was not enough to turn around the faltering Goldwater campaign , it increased Reagan's profile among conservatives. David S. Broder and Stephen H. Hess called it "the most successful national political debut since William Jennings Bryan electrified the 1896 Democratic convention with his famous 'Cross of Gold' address ". In January 1966, Reagan announced his candidacy for the California governorship , repeating his stances on individual freedom and big government . When he met with black Republicans in March, he

8712-592: The state taxes, turned the state budget deficit into a surplus and implemented harsh crackdowns on university protests. Following his loss to Gerald Ford in the 1976 Republican Party presidential primaries , Reagan won the Republican Party's nomination and then a landslide victory over President Jimmy Carter in the 1980 presidential election . In his first term as U.S. president, Reagan began implementing " Reaganomics ", which involved economic deregulation and cuts in both taxes and government spending during

8811-445: The tax cuts spur investments, which would result in more spending, consumption, and ergo tax revenue. This theoretical relationship has been illustrated by some with the controversial Laffer curve . Critics labeled this " trickle-down economics ", the belief that tax policies that benefit the wealthy will spread to the poor. Milton Friedman and Robert Mundell argued that these policies invigorated America's economy and contributed to

8910-653: The time, his parents' stance on racial questions was unusually progressive in Dixon. Reagan himself had grown up with very few black Americans there and was oblivious to racial discrimination. After obtaining a Bachelor of Arts degree in economics and sociology from Eureka College in 1932, Reagan took a job in Davenport, Iowa , as a sports broadcaster for four football games in the Big Ten Conference . He then worked for WHO radio in Des Moines as

9009-543: The viewership declined in the 1960s and the show was canceled in 1962. In 1965, Reagan became the host of another MCA production, Death Valley Days . Reagan began his political career as a Democrat , viewing Franklin D. Roosevelt as "a true hero". He joined the American Veterans Committee and Hollywood Independent Citizens Committee of the Arts, Sciences and Professions (HICCASP), worked with

9108-627: Was a substitute teacher and helped found the first Jewish temple in the South Bay. In 1973, Sloan earned a B.A. degree from UCLA and then, in 1976, a J.D. degree from Loyola Law School . While studying law at Loyola, he worked for the Screen Actors Guild, exposing Sloan to the entertainment industry. From 1976 to 1983, he was an entertainment lawyer with Sloan, Kuppin and Ament, which he founded in Los Angeles. His clients included Ron Howard and Michael Landon . Sloan entered

9207-549: Was also ordered to temporary duty in New York City to participate in the sixth War Loan Drive before being reassigned to Fort MacArthur until his discharge on December 9, 1945, as a captain . Throughout his military service, Reagan produced over 400 training films . When Robert Montgomery resigned as president of the Screen Actors Guild (SAG) on March 10, 1947, Reagan was elected to that position in

9306-575: Was born on February 6, 1911, in an apartment and commercial building in Tampico, Illinois , as the younger son of Nelle Clyde Wilson and Jack Reagan . Nelle was committed to the Disciples of Christ , which believed in the Social Gospel . She led prayer meetings and ran mid-week prayers at her church when the pastor was out of town. Reagan credited her spiritual influence and he became

9405-594: Was criticized for opposing the Civil Rights Act of 1964 . Reagan responded that bigotry was not in his nature and later argued that certain provisions of the act infringed upon the rights of property owners. After the Supreme Court of California ruled that the initiative that repealed the Rumford Act was unconstitutional in May, he voiced his support for the act's repeal, but later preferred amending it. In

9504-453: Was elected president of the Screen Actors Guild twice, serving from 1947 to 1952 and from 1959 to 1960. In the 1950s, he became the host for General Electric Theater and also worked as a motivational speaker for General Electric . Subsequently, Reagan's " A Time for Choosing " speech during the 1964 U.S. presidential election launched his rise as a leading conservative figure. After being elected governor of California in 1966 , he raised

9603-491: Was ordered for active duty while he was filming Kings Row . Wasserman and Warner Bros. lawyers successfully sent draft deferments to complete the film in October 1941. However, to avoid accusations of Reagan being a draft dodger , the studio let him go in April 1942. Reagan reported for duty with severe near-sightedness . His first assignment was at Fort Mason as a liaison officer , a role that allowed him to transfer to

9702-480: Was shot by John Hinckley Jr. outside the Washington Hilton . Also struck were: James Brady , Thomas Delahanty , and Tim McCarthy . Although "right on the margin of death" upon arrival at George Washington University Hospital , Reagan underwent surgery and recovered quickly from a broken rib, a punctured lung, and internal bleeding. Professor J. David Woodard says that the assassination attempt "created

9801-587: Was uninterested in politics, and occasionally recriminated, reconciled and separated with him. Although Reagan was unprepared, the divorce was finalized in July 1949. Reagan would also remain close to his children. Later that year, Reagan met Nancy Davis after she contacted him in his capacity as the SAG president about her name appearing on a communist blacklist in Hollywood ; she had been mistaken for another Nancy Davis. They married in March 1952, and had two children, Patti in October 1952, and Ron in May 1958. Reagan has three grandchildren. Reagan became

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