Word: 1920s
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Compared with that, Charles Ponzi, Lowell Birrell, Eddie Gilbert and Billie Sol Estes were pikers. Only Ivar Kreuger, the Swedish match king who in the 1920s defrauded investors of $500 million, ever topped Tino. More than that, De Angelis presents the classic example of how a man can exploit a complicated situation and use the credulity of high financiers for tremendous gain...
...1920s, the era of Babbitt and Harding, U.S. intellectuals felt themselves rejected and ridiculed by the business civilization. Instead of fighting to improve it, they chose exile in Europe, or that domestic exile which is known as "alienation." In the 1930s, after business had bungled the job of running the country, the intellectuals held a large share of power in the New Deal-and then it was the businessman's turn to feel rejected and ridiculed by "the professors in Washington." By 1953, Arthur Schlesinger Jr. announced that "anti-intellectualism has long been the anti-Semitism of the businessman...
Died. Norman Ernest Brokenshire, 66, one of the best-known U.S. radio voices in the 1920s and early '30s, who started at New York's WJZ as a news commentator ("How do you do, ladies and gentlemen, how do you dor), went on to become a $1,300-a-week announcer for network variety shows (the Chesterfield Hour, Major Bowes' Amateur Hour) until 1934, when heavy drinking cost him his job, after which he joined Alcoholics Anonymous, made a brief comeback in network radio, then went into semiretirement as a part-time announcer for local stations near...
Indeed it must. As a staunch little island of welfare-statism since the late 1920s, Uruguay now has so many built-in giveaways (among them: full-pay retirement as early as age 55) that the Nebraska-size wool-and-beef-producing country is on the brink of bankruptcy. The Council, which operates by majority vote, spends most of its time bickering. When it does make a decision, the effect is severely limited by autonomous state agencies that exert an enormous influence on the nation's economy. The state-owned power company can raise gas and electricity prices whenever...
...senile, lifetime judges have plagued even the Supreme Court. In the 1920s the failing Justice Joseph McKenna once wrote an opinion stating the exact opposite of what all nine Justices, including himself, had voted to say. As for state courts, there have been many efforts to let bar groups monitor unfit judges and recommend removal. But what lawyer wants to bring charges against the very judge who may hear his next case...