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Business Adventures
''Business Adventures'' is a 1969 collection of 12 essays written by John Brooks (writer), John Brooks. The essays, all of which were previously published in ''The New Yorker'', deal with financial and corporate life in the United States. In 1963 Harper & Row published ''The Fate of the Edsel and Other Business Adventures'', which contains 3 of the 12 essays published in the 1969 collection. On July 11, 2014 in an essay published in the ''Wall Street Journal'' and slightly later in his blog, Bill Gates proclaimed ''Business Adventures'', recommended to him by Warren Buffett, as "the best business book I've ever read." On July 8, 2014, Open Road Media released an e-book edition entitled ''Business Adventures: Twelve Classic Tales from the World of Wall Street'' and in August 2014 offered a paperback edition. In 2014 Penguin Random House#Penguin Random House Digital Publishing Group, Penguin Random House Audio released an audiobook of ''Business Adventures: Twelve Classic Tales fr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
John Brooks (writer)
John Brooks (December 5, 1920 – July 27, 1993) was a writer and longtime contributor to ''The New Yorker'' magazine, where he worked for many years as a staff writer, specializing in financial topics. Brooks was also the author of several books, both fiction and non-fiction, the best known of which was an examination of the financial shenanigans of the 1960s Wall Street bull market. Early life John Nixon Brooks was born on December 5, 1920, in New York City, but grew up in Trenton, New Jersey. He graduated from Kent School in Kent, Connecticut in 1938 and Princeton University in 1942. After graduation Brooks joined the United States Army Air Forces, in which he served as a communications and radar officer from 1942 until 1945. He was aboard the First United States Army headquarters ship on D-Day during the Allied invasion of Normandy in 1944. After leaving the military, Brooks went to work for ''Time'' magazine, where he became a contributing editor. He worked at ''Time'' for on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Salad Oil Scandal
The salad oil scandal, also referred to as the soybean scandal, was an American major corporate scandal in 1963 that caused over $180 million ($ billion today) in losses to corporations including American Express, Bank of America and Bank Leumi, as well as many international trading companies. The scandal's ability to push otherwise cautious and conservative lenders into increasingly risky practices has prompted some comparisons to later financial crises including the 2007–2008 subprime mortgage crisis. The scandal involved the Allied Crude Vegetable Oil company in New Jersey in the United States, owned by Anthony "Tino" De Angelis, a former commodities broker. De Angelis had been in trouble with the law previously for supplying schools with beef from uncertified sources under the National School Lunch Act. Fraud De Angelis was awarded a contract with Food for Peace, a federal program which sold excess food stocks to poor countries. He discovered that he could obtain loans ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Essay Collections
An essay is, generally, a piece of writing that gives the author's own argument, but the definition is vague, overlapping with those of a letter, a paper, an article, a pamphlet, and a short story. Essays have been sub-classified as formal and informal: formal essays are characterized by "serious purpose, dignity, logical organization, length," whereas the informal essay is characterized by "the personal element (self-revelation, individual tastes and experiences, confidential manner), humor, graceful style, rambling structure, unconventionality or novelty of theme," etc. Essays are commonly used as literary criticism, political manifestos, learned arguments, observations of daily life, recollections, and reflections of the author. Almost all modern essays are written in prose, but works in verse have been dubbed essays (e.g., Alexander Pope's ''An Essay on Criticism'' and ''An Essay on Man''). While brevity usually defines an essay, voluminous works like John Locke's ''An Es ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State College, Pennsylvania
State College is a home rule municipality in Centre County in the Commonwealth of Pennsylvania. It is a college town, dominated economically, culturally and demographically by the presence of the University Park campus of the Pennsylvania State University (Penn State). State College is the largest designated borough in Pennsylvania. It is the principal borough of the six municipalities that make up the State College area, the largest settlement in Centre County and one of the principal cities of the greater State College-DuBois Combined Statistical Area with a combined population of 236,577 as of the 2010 U.S. census. In the 2010 census, the borough population was 42,034 with approximately 105,000 living in the borough plus the surrounding townships often referred to locally as the "Centre Region". Many of these Centre Region communities also carry a "State College, PA" address although they are not part of the borough of State College. "Happy Valley" and "Lion Country" are ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
David E
David (; , "beloved one") (traditional spelling), , ''Dāwūd''; grc-koi, Δαυΐδ, Dauíd; la, Davidus, David; gez , ዳዊት, ''Dawit''; xcl, Դաւիթ, ''Dawitʿ''; cu, Давíдъ, ''Davidŭ''; possibly meaning "beloved one". was, according to the Hebrew Bible, the Kings of Israel and Judah, third king of the Kingdom of Israel (united monarchy), United Kingdom of Israel. In the Books of Samuel, he is described as a young shepherd and Lyre, harpist who gains fame by slaying Goliath, a champion of the Philistines, in southern Canaan. David becomes a favourite of Saul, the first king of Israel; he also forges David and Jonathan, a notably close friendship with Jonathan (1 Samuel), Jonathan, a son of Saul. However, under the paranoia that David is seeking to usurp the throne, Saul attempts to kill David, forcing the latter to go into hiding and effectively operate as a fugitive for several years. After Saul and Jonathan are both killed in battle against the Philistin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Piggly Wiggly
Piggly Wiggly is an American supermarket chain operating in the American Southern and Midwestern regions run by Piggly Wiggly, LLC, an affiliate of C&S Wholesale Grocers. Its first outlet opened in 1916 in Memphis, Tennessee, and is notable for having been the first true self-service grocery store, and the originator of various familiar supermarket features such as checkout stands, individual item price marking and shopping carts. The current company headquarters is in Keene, New Hampshire. A total of 499 independently owned Piggly Wiggly stores currently operate across 18 states, primarily in smaller cities and towns. History Piggly Wiggly was the first self-service grocery store. It was founded on September 6, 1916 (although it did not open until five days later due to delays in construction), at 79 Jefferson Avenue in Memphis, Tennessee, by Clarence Saunders. A replica of the original store has been constructed in the Memphis Pink Palace Museum and Planetarium, a mansi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cornering The Market
In finance, cornering the market consists of obtaining sufficient control of a particular stock, commodity, or other asset in an attempt to manipulate the market price. One definition of cornering a market is "having the greatest market share in a particular industry without having a monopoly". Companies that have cornered their markets have usually done so in an attempt to gain greater leeway in their decisions; for example, they may desire to charge higher prices for their products without fears of losing too much business. The cornerer hopes to gain control of enough of the supply of the commodity to be able to set the price for it. Strategy and risks Cornering a market can be attempted through several mechanisms. The most direct strategy is to buy a large percentage of the available commodity offered for sale in some spot market and hoard it. With the advent of futures trading, a cornerer may buy a large number of futures contracts on a commodity and then sell them at a profi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Electric
General Electric Company (GE) is an American multinational conglomerate founded in 1892, and incorporated in New York state and headquartered in Boston. The company operated in sectors including healthcare, aviation, power, renewable energy, digital industry, additive manufacturing and venture capital and finance, but has since divested from several areas, now primarily consisting of the first four segments. In 2020, GE ranked among the Fortune 500 as the 33rd largest firm in the United States by gross revenue. In 2011, GE ranked among the Fortune 20 as the 14th most profitable company, but later very severely underperformed the market (by about 75%) as its profitability collapsed. Two employees of GE – Irving Langmuir (1932) and Ivar Giaever (1973) – have been awarded the Nobel Prize. On November 9, 2021, the company announced it would divide itself into three investment-grade public companies. On July 18, 2022, GE unveiled the brand names of the companies it will ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Xerox Corporation
Xerox Holdings Corporation (; also known simply as Xerox) is an American corporation that sells print and digital document products and services in more than 160 countries. Xerox is headquartered in Norwalk, Connecticut (having moved from Stamford, Connecticut, in October 2007), though it is incorporated in New York with its largest population of employees based around Rochester, New York, the area in which the company was founded. The company purchased Affiliated Computer Services for $6.4 billion in early 2010. As a large developed company, it is consistently placed in the list of Fortune 500 companies. On December 31, 2016, Xerox separated its business process service operations, essentially those operations acquired with the purchase of Affiliated Computer Services, into a new publicly traded company, Conduent. Xerox focuses on its document technology and document outsourcing business, and traded on the NYSE from 1961 to 2021, and the Nasdaq since 2021. Researchers at Xer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The New Yorker
''The New Yorker'' is an American weekly magazine featuring journalism, commentary, criticism, essays, fiction, satire, cartoons, and poetry. Founded as a weekly in 1925, the magazine is published 47 times annually, with five of these issues covering two-week spans. Although its reviews and events listings often focus on the Culture of New York City, cultural life of New York City, ''The New Yorker'' has a wide audience outside New York and is read internationally. It is well known for its illustrated and often topical covers, its commentaries on popular culture and eccentric American culture, its attention to modern fiction by the inclusion of Short story, short stories and literary reviews, its rigorous Fact-checking, fact checking and copy editing, its journalism on politics and social issues, and its single-panel cartoons sprinkled throughout each issue. Overview and history ''The New Yorker'' was founded by Harold Ross and his wife Jane Grant, a ''The New York Times, N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Texas Gulf Sulphur
The Texas Gulf Sulphur Company was one of the largest sulfur mining companies in the world from 1919 to 1981. By 1925 the company controlled 40% of the U.S. sulfur market. It was formed in 1909 and acquired in 1981, after expanding across the United States from Texas into Mexico, Canada, and Ethiopia. SEC v. Texas Gulf Sulphur Co in 1981 was the first insider trading case on the federal level in the country. History Founding and early mines (1909-1959) The Gulf Sulphur Company was formed on December 23, 1909, by a group of investors from St. Louis and Texas.Kutney, G. (2007). Sulfur: History, Technology, Applications & Industry. ChemTec Publishing; 2 edition. . The company was formed to exploit the newly discovered sulfur deposit in the Big Hill salt dome near Matagorda, Texas,Hudgins, M.R. (2007). Handbook of Texas Online, "TexasGulf". The Texas State Historical Association. https://tshaonline.org/handbook/online/articles/dktgq using the Frasch process. With the Frasch method, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Federal Income Tax
Income taxes in the United States are imposed by the federal government, and most states. The income taxes are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may be taxable on undistributed income. Partnerships are not taxed (with some exceptions in the case of Federal income taxation), but their partners are taxed on their shares of partnership income. Residents and citizens are taxed on worldwide income, while nonresidents are taxed only on income within the jurisdiction. Several types of credits reduce tax, and some types of credits may exceed tax before credits. An alternative tax applies at the federal and some state levels. In the United States, the term "payroll tax" usually refers to FICA taxes that are paid to fund Social Security and Medicare, while "income tax" ref ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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