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Welcome to The Washington D.C. Newsletter!

In today’s edition:

• GSA awards $524M contract to build cybersecurity agency's D.C. headquarters.

• Upcoming Darius Concert

• A deep-dive into the life of Dorothy Height

• And more…

Quote of the Week

“Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do.” 

–Pele

Sponsored

Investors have trusted this platform with +$1bn - here’s why

Through COVID, soaring inflation, and today’s crushing interest rates, a group of enterprising investors have collectively entrusted one billion dollars from their portfolios to Masterworks’ art investing platform.

Why? Because the contemporary art Masterworks offers—from legends like Picasso and Banksy—has demonstrated a low correlation to the stock market, inflation resistance, and exceptional appreciation potential. Not to mention Masterworks has completed 23 successful exits to date, distributing over $60+ million in net proceeds to investors in those offerings.

These investors didn’t need art expertise to diversify with blue-chip art, because Masterworks does all the heavy lifting, finding artists with appreciation potential (buying <3% of works offered) and then breaking an art offering into shares for you. If Masterworks sells a piece again for a profit, investors get a return. With 3 illustrative sales, Masterworks investors have realized net annualized returns of +17.6%, +17.8%, and +21.5%.

With 65,000+ investors, offerings can sell out quickly. Luckily, you can get priority access here.

Past performance is not indicative of future returns. Investment involves risk.

Disclosures:

The content is not intended to provide legal, tax, or investment advice.

No money is being solicited or will be accepted until the offering statement for a particular offering has been qualified by the SEC. Offers may be revoked at any time. Contacting Masterworks involves no commitment or obligation.

Contemporary art data based on repeat-sales index of historical Post-War & Contemporary Art market prices from 1995 to 2023, developed by Masterworks. There are significant limitations to comparative asset class data. Indices are unmanaged and a Masterworks investor cannot invest directly in an index. 

Net proceeds distributed back represents the total liquidation proceeds distributed back to investors, net of all fees, expenses and proceeds reinvested in Masterworks offerings, of all works Masterworks has exited to date.

See important Reg A disclosures at masterworks.com/cd.

Trivia

Here is your trivia question of the week. The answer will be shown in next week’s newsletter. Which do you think it is? No cheating!

Which bridge in Washington DC is adorned with unique bronze statues and serves as a ceremonial entrance to the city from Virginia?

A) The Key Bridge

B) The Roosevelt Bridge

C) The Arlington Memorial Bridge

D) The Francis Scott Key Bridge

Answer to Week 38's Trivia:

The garden in Washington DC that is part of the National Mall and features a variety of plant species, including a significant collection of bonsai trees, is A) The United States Botanic Garden

News

💼Business

D.C. Councilmember Trayon White arrested by FBI for alleged bribery. (Link)

Northern Virginia hospital expanding with new heart and vascular center. (Link)

🏒Sports

Francisco Alvarez’s homer in 9th inning gives Mets 4-3 win over Orioles. (Link)

NFL unlikely to move touchback on kickoffs to the 35 this season. (Link)

🏦Finance

GSA awards $524M contract to build cybersecurity agency's D.C. headquarters. (Link)

Upcoming Events

Here are some events that are happening in our city this week. There is a good mix between sports, entertainment, conferences, concerts, and more.

Sports Events

⚾ Colorado Rockies at Washington Nationals
Nationals Park, Washington, DC
Thursday, Aug 22nd | 1:05 PM | (More info)

🥊 Professional Fighters League MMA
The Anthem - DC, Washington, DC
Friday, Aug 23rd | 5:00 PM | (More info)

Concerts

🎵 Darius
Unknown venue, Washington, DC
Friday, Aug 23rd | (More info)

🎵 Boyce Avenue
Union Stage, Washington, DC
Sunday, Aug 25th | (More info)

Family-Friendly Events

🌸 Family Activity: Fabric Flowers
1776 D St NW, Washington, DC
Saturday, Aug 24th | (More info)

Image of the Week

Every week, I have a habit of making some AI art about our city.

This week, I typed in “Futuristic Washington DC with advanced weather control systems” and this is what I got.

Let me know what ideas you have for this. I really enjoy making these types of photos.

Washington D.C. Historical Events

Assassination Attempt on President Reagan (1981) - Near the Washington Hilton Hotel, leading to increased security measures.

On March 30, 1981, a grave incident shook the United States when President Ronald Reagan was the target of an assassination attempt. This alarming event occurred near the Washington Hilton Hotel in Washington, D.C., just moments after the President had delivered a speech. As he emerged, greeting supporters, John Hinckley Jr. emerged from the crowd, firing a series of shots. One bullet ricocheted off the presidential limousine and struck Reagan in the chest, while three other officials, including Press Secretary James Brady, were also wounded in the attack. The swift response of the Secret Service and law enforcement agencies ensured that the President was quickly secured and transported to George Washington University Hospital, where he received life-saving medical treatment.

The motive behind Hinckley's attempt was later revealed to be his obsession with actress Jodie Foster, with Hinckley seeking to impress her by assassinating the president. The incident led to Hinckley's arrest at the scene and he was later found not guilty by reason of insanity, resulting in his long-term confinement to a psychiatric facility. The immediate aftermath of the shooting saw a national outpouring of support for the President and a heightened awareness of the mental health issues that could drive individuals to commit such acts.

The assassination attempt on President Reagan resulted in significant changes in presidential security protocols and reinforced the Secret Service's procedures for protecting high-ranking officials. Security measures around the President were notably increased, including more rigorous screening processes and advancements in protective equipment and vehicles. The incident also spurred legislative action aimed at gun control, most notably the Brady Handgun Violence Prevention Act, named after James Brady, which mandated federal background checks on firearm purchasers in the United States. Through these responses, the assassination attempt on Reagan not only shaped his presidency but also led to lasting changes in national security policies and gun control legislation.

Famous People From Washington D.C.

Dorothy Height (1912–2010)

Dorothy Height, an instrumental figure in both the civil rights and women's rights movements, dedicated her life to advocating for equity and justice for African American women. Through her work, Height addressed critical issues such as unemployment, illiteracy, and voter awareness, leaving behind a legacy of activism and leadership that continues to inspire.

Early Life and Education (1912-1933)

Born in Richmond, Virginia, Dorothy Height moved with her family to Rankin, Pennsylvania, where she excelled academically despite the racial segregation of the time. Her intent to become a leader was evident early on when she was awarded a scholarship to attend New York University after being denied admission to Barnard College due to a racial quota. There, she earned a bachelor's degree in education and a master's degree in psychology.

Emergence as a Civil Rights Activist (1930s-1940s)

Height's activism began in the 1930s when she joined the National Council of Negro Women (NCNW) and the Young Women’s Christian Association (YWCA). She was particularly involved in anti-lynching campaigns and efforts to desegregate the military. Her ability to lead and organize became increasingly apparent during this time.

Leadership in the YWCA (1950s)

In the 1950s, Height's role in the YWCA notably advanced, where she worked on integration policies within the organization. Her efforts led to more inclusive programs and services, which significantly contributed to the civil rights movement.

Role in the Civil Rights Movement (1960s)

Dorothy Height was a key organizer of the 1963 March on Washington, working closely with civil rights leaders like Martin Luther King Jr., despite the limited visibility of women in leadership roles within the movement. Her work during this decade cemented her status as a crucial figure in both women's rights and civil rights advocacy.

NCNW Presidency (1957-1997)

As president of the NCNW, Height's influence grew immensely. She focused on issues affecting African American women and families, advocating for job training, voter education, and access to education and health services. Her leadership expanded the council's reach and impact significantly.

Connections to Washington D.C. (Life-Long)

Height was deeply connected to Washington D.C., not just as a base for her activism but also as a place where she made significant political strides. She worked closely with several presidents and was an essential advocate for the Poor People’s Campaign. Her contributions were crucial in shaping policies affecting African American women.

International Advocacy (1970s-1980s)

Beyond her work in the United States, Height was a proponent of international women's rights. She represented American women in global conferences and forums, advocating for equality and empowerment of women worldwide.

Awards and Recognitions (Throughout Career)

Dorothy Height's exceptional contributions were widely recognized. She received the Presidential Medal of Freedom and the Congressional Gold Medal, among many other accolades, honoring her tireless work for civil rights and women's equality.

Later Years and Legacy (1990s-2010)

Even in her later years, Height continued to be an influential voice for civil rights and women's rights. She remained active in the NCNW and other organizations, passing on her wisdom to new generations of leaders. Her death in 2010 marked the end of an era, but her legacy endures through the work of those she inspired.

Remembering Dorothy Height (2010 and Beyond)

After her passing, tributes flowed in from around the world, recognizing Dorothy Height's significant impact. Today, she is remembered not only for her leadership and activism but also for her profound influence on the civil rights and women's rights movements.

Key Achievements of Dorothy Height:

• Renowned leader in the civil rights and women's rights movements, addressing critical issues like unemployment, illiteracy, and voter awareness among African American women.

• Played a key role in the organization of the 1963 March on Washington.

• Served as the president of the National Council of Negro Women for 40 years, significantly expanding its reach and impact.

• Worked closely with several U.S. Presidents, influencing policies and programs that supported civil rights and women's equality.

• Awarded the Presidential Medal of Freedom and the Congressional Gold Medal in recognition of her contributions to society.

Dorothy Height was a monumental figure in American history, dedicating her life to fighting for the rights and dignity of African American women and society at large. Her work across several decades, in both national and international realms, showcases a legacy of leadership, advocacy, and tireless commitment to justice and equality. Height's impact continues to inspire activists and leaders around the world, making her memory a beacon of hope and action for future generations.

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-Matthew Larsen

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