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After that boom came to a crashing end in 1929 and the market continued to implode in 1930, '31 and '32, this theoretical underpinning at first seemed to have been demolished. The idea that stocks could be good investments became a joke and remained that--in the popular view, at least--for decades. Yet whenever anyone in later years re-examined the data on stocks' long-run performance--major scholarly studies on the topic were published in 1938, '53, '64 and '76--they reached the same conclusion Smith did. Even with the dire experience of the early 1930s factored...
Still, in the end, Christians and Jews get a favored place in Islamic tradition as "people of the Book." The Koran repeatedly says they're eligible for salvation...
...returned to the subject for a book, The Art of Making Money: The Story of a Master Counterfeiter. Williams took a stab at making an honest living, but eventually returned to counterfeiting and was arrested again in 2007. He's currently serving a federal prison term scheduled to end in 2013. Kersten spoke with TIME about Williams' remarkable criminal career and the odd allure of duplicating dollars...
...local New York newspaper. Manufacturing and transportation constraints limited the distribution of tobacco products (at that time, mostly snuff, cigars and pipe tobacco) to local markets and largely kept companies from exploring the benefits of branding. The first strong national tobacco brand didn't emerge until near the end of the Civil War, when both Union and Confederate soldiers in Durham, North Carolina raided a local farmer's tobacco crop while waiting for a surrender to be completed. After the war was over, these soldiers began writing to the farmer, Mr. John Green, requesting more; Green went on to establish...
...over the tobacco industry that has eluded them over the past two decades. Among the new restrictions are a ban on tobacco advertising within 1,000 ft. of schools and playgrounds, a requirement that warning labels cover 50 percent of the front and back of cigarette packs and the end of sweetened and spice-flavored cigarettes. President Obama (who has struggled with his own nicotine addiction) lauded the bill, saying in a statement that its passage "truly defines change in Washington." He is expected to sign it into law in the coming week...