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George D. Gould
George Sumner Bradford Dana Gould (May 22, 1927April 26, 2022) was an American financier and Bank, banker. Gould was a member of the board of Municipal Assistance Corporation that was constituted during the 1975 New York City fiscal crisis and briefly served as its chairman in 1979. He was the Undersecretary of the Treasury in the late 1980s during the Reagan Administration, Reagan administration. During this period he oversaw the savings and loan crisis, the aftermath of the Black Monday (1987), 1987 Black Monday stock market crash, and the raising of the country's debt ceiling. Early life Gould was born in Boston, Boston, Massachusetts, on May 22, 1927, to Lillian Dana Sumner and Ernest Wellington Gould. His mother was related to Charles Sumner, a member of the United States Senate during the American Civil War, civil war era, while his father was an investor who focused on real estate and other commercial ventures. After Gould's mother died when he was five, he grew up with ...
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Second Lieutenant
Second lieutenant is a junior commissioned officer military rank in many armed forces, comparable to NATO OF-1 rank. Australia The rank of second lieutenant existed in the military forces of the Australian colonies and Australian Army until 1986. In the colonial forces, which closely followed the practices of the British military, the rank of second lieutenant began to replace ranks such as ensign and cornet from 1871. New appointments to the rank of second lieutenant ceased in the regular army in 1986. Immediately prior to this change, the rank had been effectively reserved for new graduates from the Officer Cadet School, Portsea which closed in 1985. (Graduates of the Australian Defence Force Academy (ADFA) and the Royal Military College, Duntroon (RMC-D) are commissioned as lieutenants.). The rank of second lieutenant is only appointed to officers in special appointments such as training institutions, university regiments and while under probation during training. Trai ...
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New York (state)
New York, officially the State of New York, is a state in the Northeastern United States. It is often called New York State to distinguish it from its largest city, New York City. With a total area of , New York is the 27th-largest U.S. state by area. With 20.2 million people, it is the fourth-most-populous state in the United States as of 2021, with approximately 44% living in New York City, including 25% of the state's population within Brooklyn and Queens, and another 15% on the remainder of Long Island, the most populous island in the United States. The state is bordered by New Jersey and Pennsylvania to the south, and Connecticut, Massachusetts, and Vermont to the east; it has a maritime border with Rhode Island, east of Long Island, as well as an international border with the Canadian provinces of Quebec to the north and Ontario to the northwest. New York City (NYC) is the most populous city in the United States, and around two-thirds of the state's popul ...
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Hugh Carey
Hugh Leo Carey (April 11, 1919 – August 7, 2011) was an American politician and attorney. He was a seven-term U.S. representative from 1961 to 1974 and the 51st governor of New York from 1975 to 1982. He was a member of the Democratic Party. Early life Carey was born in New York City, the son of Margaret (née Collins) and Dennis Joseph Carey. Among his siblings were brothers Edward M. Carey (former president of Carey Energy Corporation) and Martin T. Carey (an entrepreneur who owned Winfield Hall and Bogheid in Glen Cove and Seaview Terrace in Newport). Education and military service In 1939, Carey enlisted in the New York National Guard as a private in C Squadron, 101st Cavalry. Later, he served as a major in the 104th Infantry Division, known as the "Timberwolves". He served in the 415th Infantry Regiment of the 104th Division as the Regimental S-3, operations officer. Carey was with the 104th Division throughout its 10-month campaign in the European Theater ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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Abraham Beame
Abraham David Beame (March 20, 1906February 10, 2001) was the 104th mayor of New York City from 1974 to 1977. As mayor, he presided over the city during its fiscal crisis of the mid-1970s, when the city was almost forced to declare bankruptcy. Early life Beame was born Abraham David Birnbaum in London. His parents were Esther (née Goldfarb) and Philip Birnbaum, Jewish immigrants from Poland who fled Warsaw. Beame and his family left England when he was three months old. He was raised on New York City's Lower East Side. He graduated from P.S. 160 and the High School of Commerce before enrolling at the City College of New York's School of Business and Civic Administration (later spun off as Baruch College), where he received his undergraduate degree in business with honors in 1928. Career Career before politics While in college, Beame co-founded an accounting firm, Beame & Greidinger. He was an accounting teacher at Richmond Hill High School in Queens from 1929 to 1946 and als ...
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History Of New York City (1946–1977)
Immediately after World War II, New York City became known as one of the world's greatest cities. However, after peaking in population in 1950, the city began to feel the effects of suburbanization brought about by new housing communities such as Levittown, a downturn in industry and commerce as businesses left for places where it was cheaper and easier to operate, an increase in crime, and an upturn in its welfare burden, all of which reached a nadir in the city's fiscal crisis of the 1970s, when it barely avoided defaulting on its obligations and declaring bankruptcy. Postwar: Late 1940s through 1950s As many great cities lay in ruins after World War II, New York City assumed a new global prominence. It became the home of the United Nations headquarters, built 1947–1952; inherited the role from Paris as center of the art world with Abstract Expressionism; and became a rival to London in the international finance and art markets. Yet the population declined after 1950, with i ...
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New York City
New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the List of United States cities by population density, most densely populated major city in the United States, and is more than twice as populous as second-place Los Angeles. New York City lies at the southern tip of New York (state), New York State, and constitutes the geographical and demographic center of both the Northeast megalopolis and the New York metropolitan area, the largest metropolitan area in the world by urban area, urban landmass. With over 20.1 million people in its metropolitan statistical area and 23.5 million in its combined statistical area as of 2020, New York is one of the world's most populous Megacity, megacities, and over 58 million people live within of the city. New York City is a global city, global Culture of New ...
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Oil And Gas
A fossil fuel is a hydrocarbon-containing material formed naturally in the Earth's crust from the remains of dead plants and animals that is extracted and burned as a fuel. The main fossil fuels are coal, oil, and natural gas. Fossil fuels may be burned to provide heat for use directly (such as for cooking or heating), to power engines (such as internal combustion engines in motor vehicles), or to generate electricity. Some fossil fuels are refined into derivatives such as kerosene, gasoline and propane before burning. The origin of fossil fuels is the anaerobic decomposition of buried dead organisms, containing organic molecules created by photosynthesis. The conversion from these materials to high-carbon fossil fuels typically require a geological process of millions of years. In 2019, 84% of primary energy consumption in the world and 64% of its electricity was from fossil fuels. The large-scale burning of fossil fuels causes serious environmental damage. Over 80% of ...
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Closed-end Fund
A closed-end fund (CEF) is a fund that raises capital by issuing a fixed number of shares which are not redeemable, and then invest that capital in financial assets such as stocks and bonds. Unlike open-end funds, new shares in a closed-end fund are not created by managers to meet demand from investors. Instead, the shares can be purchased and sold only in the market, which is the original design of the mutual fund, which predates open-end mutual funds but offers the same actively-managed pooled investments. In the United States, closed-end funds sold publicly must be registered under both the Securities Act of 1933 and the Investment Company Act of 1940. Closed-end funds are usually listed on a recognized stock exchange and can be bought and sold on that exchange. The price per share is determined by the market and is usually different from the underlying value or net asset value (NAV) per share of the investments held by the fund. The price is said to be at a discount or pre ...
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Madison Funds
Madison may refer to: People * Madison (name), a given name and a surname * James Madison (1751–1836), fourth president of the United States Place names * Madison, Wisconsin, the state capital of Wisconsin and the largest city known by this name * Madison, Alabama, second most populated city and 9th largest in Alabama * Madison, Arkansas * Madison, California * Madison, Connecticut * Madison, Florida * Madison, Georgia * Madison, Illinois * Madison, Indiana * Madison, Kansas * Madison, Maine, a town ** Madison (CDP), Maine, a census-designated place within the town of Madison * Madison, Minnesota * Madison, Mississippi * Madison, Missouri * Madison, Nebraska * Madison, New Hampshire * Madison, New Jersey * Madison, New York, a town ** Madison (village), New York, within the town of Madison * Madison, North Carolina * Madison, Ohio * Madison, Pennsylvania * Madison, South Dakota * Madison, Tennessee * Madison, Virginia * Madison, West Virginia * Madison (tow ...
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Donaldson, Lufkin & Jenrette
Donaldson, Lufkin & Jenrette (DLJ) was a U.S. investment bank founded by William H. Donaldson, Richard Jenrette, and Dan Lufkin in 1959. Its businesses included securities underwriting; sales and trading; investment and merchant banking; financial advisory services; investment research; venture capital; correspondent brokerage services; online, interactive brokerage services; and asset management. The firm was headquartered at 277 Park Avenue in New York, New York and employed about 11,300 when it was acquired in August 2000, by Credit Suisse for $11.5 billion. History Donaldson, Lufkin and Jenrette founded the firm on the principle that no one else on Wall Street was doing high quality independent corporate research. They centered the firm around this notion and grew substantially. As research became more of a commodity throughout the 1980s and 1990s, they expanded into other businesses and grew dominant in high yield fixed income, or so-called, "junk bond" securities. ...
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