Word: esteses
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Incalculable Impact. The case at issue involved none other than the 1962 swindling conviction of Billie Sol Estes, whose trial in a Texas state court was televised over his objections. Justice Tom Clark, reversing Estes' conviction,* declared that TV smuggles an "irrelevant factor" into the courtroom that may poison...
Unplowed Field. "Trial by television is foreign to our system," concluded Clark. The four dissenters were not so sure. Justice Potter Stewart pointed out that the court did not examine the issue of whether TV actually prejudiced Estes' jurors, and he warned against any blanket rule that might stifle...
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...
Paper Mountain. To finance his rapid growth, Tino borrowed huge sums of money, using huge amounts of oil as collateral. But there was one hitch: he never had all that oil. What he did have was a mountain of paper-certificates attesting that he owned the oil. Although Billie Sol...
No other industry has had such strained relations with Washington as the steel industry. From the violent strikebreaking of the '30s to Harry Truman's short-lived take-over of the entire industry, from Estes Kefauver's investigations of pricing practices to John Kennedy's fiery...