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Spencer Trask
Spencer Trask (September 18, 1844 – December 31, 1909) was an American financier, philanthropist, and venture capitalist. Beginning in the 1870s, Trask began investing and supporting entrepreneurs, including Thomas Edison's invention of the electric light bulb and his electricity network. In 1896 he reorganized ''The New York Times'', becoming its majority shareholder and chairman. Along with his financial acumen, Trask was a generous philanthropist, a leading patron of the arts, a strong supporter of education, and a champion of humanitarian causes. His gifts to his alma mater, Princeton University, set a lecture series in his name that still continues to this day. He was also an initial trustee of the Teachers' College (now Teachers College, Columbia University) and St. Stephen's College (now Bard College). Biography Spencer Trask was born in 1844 to Alanson and Sarah (Marquand) Trask in Brooklyn, New York. His father was a direct descendant of Captain William Trask, a ...
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Brooklyn, New York
Brooklyn () is a borough of New York City, coextensive with Kings County, in the U.S. state of New York. Kings County is the most populous county in the State of New York, and the second-most densely populated county in the United States, behind New York County (Manhattan). Brooklyn is also New York City's most populous borough,2010 Gazetteer for New York State
. Retrieved September 18, 2016.
with 2,736,074 residents in 2020. Named after the Dutch village of Breukelen, Brooklyn is located on the w ...
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Marconi Company
The Marconi Company was a British telecommunications and engineering company that did business under that name from 1963 to 1987. Its roots were in the Wireless Telegraph & Signal Company founded by Italian inventor Guglielmo Marconi in 1897, which underwent several changes in name after mergers and acquisitions. The company was a pioneer of wireless long distance communication and mass media broadcasting, eventually becoming one of the UK's most successful manufacturing companies. In 1999, its defence equipment manufacturing division, Marconi Electronic Systems, merged with British Aerospace (BAe) to form BAE Systems. In 2006, financial difficulties led to the collapse of the remaining company, with the bulk of the business acquired by the Swedish telecommunications company, Ericsson. History Naming history *1897–1900: The Wireless Telegraph & Signal Company *1900–1963: Marconi's Wireless Telegraph Company *1963–1987: Marconi Company Ltd *1987–1998: GEC-Marconi Ltd ...
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Saratoga Springs, New York
Saratoga Springs is a city in Saratoga County, New York, United States. The population was 28,491 at the 2020 census. The name reflects the presence of mineral springs in the area, which has made Saratoga a popular resort destination for over 200 years. It is home to the Saratoga Race Course, a thoroughbred horse racing track, and Saratoga Performing Arts Center, a music and dance venue. The city's official slogan is "Health, History, and Horses." History The British built Fort Saratoga in 1691 on the west bank of the Hudson River. Shortly thereafter, British colonists settled the current village of Schuylerville approximately one mile south; it was known as Saratoga until 1831. Native Americans believed the springs about 10 miles (16 km) west of the village—today called High Rock Spring—had medicinal properties. In 1767, William Johnson, a British soldier who was a hero of the French and Indian War, was brought by Native American friends to the spring to treat his ...
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Moody's Investors Service
Moody's Investors Service, often referred to as Moody's, is the bond credit rating business of Moody's Corporation, representing the company's traditional line of business and its historical name. Moody's Investors Service provides international financial research on bonds issued by commercial and government entities. Moody's, along with Standard & Poor's and Fitch Group, is considered one of the Big Three credit rating agencies. It is also included in the Fortune 500 list of 2021. The company ranks the creditworthiness of borrowers using a standardized ratings scale which measures expected investor loss in the event of default. Moody's Investors Service rates debt securities in several bond market segments. These include government, municipal and corporate bonds; managed investments such as money market funds and fixed-income funds; financial institutions including banks and non-bank finance companies; and asset classes in structured finance. In Moody's Investors Service' ...
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George Foster Peabody
George Foster Peabody (July 27, 1852 – March 4, 1938) was an American banker and philanthropist. Early life He was born to George Henry Peabody and Elvira Peabody (''née'' Canfield) as the first of four children. Both parents were New Englanders of colonial ancestry. George Henry Peabody, who came from a line of merchants, bankers and professional men, had moved from Connecticut to Columbus, Georgia, where he ran a prosperous general store. After attending private school in Columbus, young Peabody spent a few months at Deer Hill Institute in Danbury, Connecticut. The Civil War, however, impoverished his family, and in 1866 they moved to Brooklyn, New York, and young Peabody went to work as an errand boy. Business career In the evenings Peabody read extensively at the library of the Brooklyn YMCA, which he later called his "alma mater". He also took part in the activities of the Reformed Church in Brooklyn Heights, where he met and became good friends with young investment ...
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John Moody (financial Analyst)
John Moody (May 2, 1868 – February 16, 1958) was an American financial analyst, businessman and investor. He pioneered the rating of bonds and founded Moody's Investors Service. Moody's Manuals are still issued, carrying on the tradition begun by '' Moody's Manual of Railroads and Corporation Securities'' and continued by the annual '' Moody's Analyses of Investments''. He resided in Cranford, New Jersey from 1893 to 1913. Moody and bond rating Moody's was later merged into Dun & Bradstreet, only to again become an independent corporation in October 2000. Moody's status is reflected in Thomas Friedman's 1996 comment: that''There are two superpowers in the world today in my opinion. There's the United States and there's Moody's Bond Rating Service. The United States can destroy you by dropping bombs, and Moody's can destroy you by downgrading your bonds. And believe me, it's not clear sometimes who's more powerful.'' (February 13, 1996 interview with Jim Lehrer) In 2007, Mood ...
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Adolph S
Adolf (also spelt Adolph or Adolphe, Adolfo and when Latinised Adolphus) is a given name used in German-speaking countries, Scandinavia, the Netherlands and Flanders, France, Italy, Spain, Portugal, Latin America and to a lesser extent in various Central European and East European countries with non-Germanic languages, such as Lithuanian Adolfas and Latvian Ādolfs. Adolphus can also appear as a surname, as in John Adolphus, the English historian. The female forms Adolphine and Adolpha are far more rare than the male names. The name is a compound derived from the Old High German ''Athalwolf'' (or ''Hadulf''), a composition of ''athal'', or ''adal'', meaning "noble" (or '' had(u)''-, meaning "battle, combat"), and ''wolf''. The name is cognate to the Anglo-Saxon name '' Æthelwulf'' (also Eadulf or Eadwulf). The name can also be derived from the ancient Germanic elements "Wald" meaning "power", "brightness" and wolf (Waldwulf). Due to negative associations with Adolf Hitle ...
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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 ...
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Edison Electric Light Company
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 cr ...
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Consolidated Edison
Consolidated Edison, Inc., commonly known as Con Edison (stylized as conEdison) or ConEd, is one of the largest investor-owned energy companies in the United States, with approximately $12 billion in annual revenues as of 2017, and over $62 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries: *Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric and gas service in New York City and Westchester County, New York, and steam service in the borough of Manhattan; *Orange and Rockland Utilities, Inc., a regulated utility serving customers in a area in southeastern New York and northern New Jersey; *Con Edison Solutions, an energy services company; *Con Edison Energy, a wholesale energy services company; *Con Edison Development, a company that owns and operates renewable and energy infrastructure projects, and, *Con Edison Transmission, Inc., which invests ...
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Automobile
A car or automobile is a motor vehicle with Wheel, wheels. Most definitions of ''cars'' say that they run primarily on roads, Car seat, seat one to eight people, have four wheels, and mainly transport private transport#Personal transport, people instead of cargo, goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Ford Model T, Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced Draft animal, animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the Developed country, developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, a ...
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Trolley Car
A tram (called a streetcar or trolley in North America) is a rail vehicle that travels on tramway tracks on public urban streets; some include segments on segregated right-of-way. The tramlines or networks operated as public transport are called tramways or simply trams/streetcars. Many recently built tramways use the contemporary term light rail. The vehicles are called streetcars or trolleys (not to be confused with trolleybus) in North America and trams or tramcars elsewhere. The first two terms are often used interchangeably in the United States, with ''trolley'' being the preferred term in the eastern US and ''streetcar'' in the western US. ''Streetcar'' or ''tramway'' are preferred in Canada. In parts of the United States, internally powered buses made to resemble a streetcar are often referred to as "trolleys". To avoid further confusion with trolley buses, the American Public Transportation Association (APTA) refers to them as "trolley-replica buses". In the United ...
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