Wall Street Lays An Egg
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Wall Street Lays An Egg
Wall Street Lays An Egg was a headline printed in ''Variety'', a newspaper covering Hollywood and the entertainment industry, on October 30, 1929, over an article describing Black Tuesday, the height of the panic known as the Wall Street Crash of 1929 (the actual headline text was WALL ST. LAYS AN EGG). It is one of the most famous headlines ever to appear in an American publication and continues to be noted in history books into the 21st century. "Laying an egg" is an American idiom, current particularly in 20th century show business, meaning "failing badly". ''Variety'' was noted for the slangy, breezy style of prose in its headlines and body text. Another famous headline in the paper was "Sticks Nix Hick Pix". According to author Ken Bloom, ''Variety'' publisher Sime Silverman wrote the headline. However, Robert John Landry, who worked at ''Variety'' for 50 years, including as managing editor, says it was written by ''Variety'' city editor Claude Binyon Claude Binyon (Octob ...
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Variety (magazine)
''Variety'' is an American media company owned by Penske Media Corporation. The company was founded by Sime Silverman in New York City in 1905 as a weekly newspaper reporting on theater and vaudeville. In 1933 it added ''Daily Variety'', based in Los Angeles, to cover the motion-picture industry. ''Variety.com'' features entertainment news, reviews, box office results, cover stories, videos, photo galleries and features, plus a credits database, production charts and calendar, with archive content dating back to 1905. History Foundation ''Variety'' has been published since December 16, 1905, when it was launched by Sime Silverman as a weekly periodical covering theater and vaudeville with its headquarters in New York City. Silverman had been fired by '' The Morning Telegraph'' in 1905 for panning an act which had taken out an advert for $50. As a result, he decided to start his own publication "that ouldnot be influenced by advertising." With a loan of $1,500 from his f ...
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Black Tuesday
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The " Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural ...
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Wall Street Crash Of 1929
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Amer ...
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Show Business
Show business, sometimes shortened to show biz or showbiz (since 1945), is a vernacular term for all aspects of the entertainment industry.''Oxford English Dictionary'' 2nd Ed. (1989) From the business side (including managers, agents, producers, and distributors), the term applies to the creative element (including artists, performers, writers, musicians, and technicians) and was in common usage throughout the 20th century, though the first known use in print dates from 1850. At that time and for several decades, it typically included an initial ''the''. By the latter part of the century, it had acquired a slightly arcane quality associated with the era of variety, but the term is still in active use. In modern entertainment industry, it is also associated with the fashion industry (creating trend and fashion) and acquiring intellectual property rights from the invested research in the entertainment business. Industry The global media and entertainment (M&E) market, including ...
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Sticks Nix Hick Pix
"Sticks Nix Hick Pix" is a famous headline printed in '' Variety'', a newspaper covering Hollywood and the entertainment industry, on July 17, 1935, over an article about the reaction of rural audiences to movies about rural life. ''Variety'' was known for its playful use of Broadway and Hollywood jargon to pack as much meaning as possible into a small headline or article; examples include "H'wood" and "biz". Using a form of headlinese that the newspaper called "slanguage", "Sticks Nix Hick Pix" means that people in rural areas (" the sticks") reject ("nix") motion pictures ("pix") about rural people ("hicks"). The accompanying article is based on an interview with Joe Kinsky, who operated theaters in the mostly rural Tri-State circuit of Illinois, Iowa and Nebraska. Kinsky claims that "Farmers are not interested in farming pictures", and that two recent pictures set in an upper-class milieu, '' The Barretts of Wimpole Street'' and '' The Scarlet Pimpernel'', had been big successe ...
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Sime Silverman
Simon J. Silverman (May 19, 1873 – September 22, 1933) was an American journalist and newspaper publisher. He was the founder of the weekly newspaper ''Variety'' in New York City in 1905, which gave theatre and vaudeville reviews and the Hollywood-based ''Daily Variety'' magazine in 1933, focusing on the emerging motion picture film industry. Early life Silverman was born to an American Jewish family on May 19, 1873 in Cortland, New York. His father, Louis J. Silverman, was a businessman. Career Silverman began his career by working for his father. In 1903, he became a journalist for the ''Daily America'' and wrote under the pen name "The Man in the Third Row". After the ''Daily America'' dissolved, he later joined the New York-based ''The Morning Telegraph'' but was fired in 1905 for a notice on a new sketch played by Mrs. Stuart Robson at Proctor's 58th Street theatre where the review mentioned the sketch was n.g. (no good). He was not aware that Mrs. Robson had given the ...
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City Editor
A city editor is a title used by a particular section editor of a newspaper. They are responsible for the daily changes of a particular issue of a newspaper that will be released in the coming day. Mostly they stay at the publication at night and track news that happens anytime. *In North and South America it refers to the editor responsible for the news coverage of a newspaper's local circulation area (also sometimes called ''metro editor'') *In the United Kingdom (often with a capital C) it refers to the editor responsible for coverage of business in the City of London and, by extension, coverage of business and finance Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of f ... in general. Types of editors {{finance-stub ...
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Claude Binyon
Claude Binyon (October 17, 1905 Chicago, Illinois – February 14, 1978 Glendale, California) was a screenwriter and director. His genres were comedy, musicals, and romances. As a Chicago-based journalist for the ''Examiner'' newspaper, he became city editor of the show business trade magazine ''Variety'' in the late 1920s. According to Robert Landry, who worked at ''Variety'' for 50 years including as managing editor, Binyon came up with the famous 1929 stock market crash headline, "Wall Street Lays An Egg." (However, writer Ken Bloom ascribes the headline to ''Variety'' publisher Sime Silverman.) He switched from writing about movies for ''Variety'' to screenwriting for the Paramount Studio with 1932's ''If I Had A Million''; his later screenwriting credits included '' The Gilded Lily'' (1935), '' Sing You Sinners'' (1938), and ''Arizona'' (1940). Throughout the 1930s, Binyon's screenplays were often directed by Wesley Ruggles, including the "classic" ''True Confession'' (1 ...
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A Random Walk Down Wall Street
''A Random Walk Down Wall Street'', written by Burton Gordon Malkiel, a Princeton University economist, is a book on the subject of stock markets which popularized the random walk hypothesis. Malkiel argues that asset prices typically exhibit signs of a random walk and that one cannot consistently outperform market averages. The book is frequently cited by those in favor of the efficient-market hypothesis. As of 2020, there have been twelve editions and over 1.5 million copies sold. A practical popularization is ''The Random Walk Guide to Investing: Ten Rules for Financial Success''.Hardback: , Paperback: Investing techniques Malkiel examines some popular investing techniques, including technical analysis and fundamental analysis, in light of academic research studies of these methods. Through detailed analysis, he notes significant flaws in both techniques, concluding that, for most investors, following these methods will produce inferior results compared to passive strategi ...
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Vanity Fair (magazine)
''Vanity Fair'' is a monthly magazine of popular culture, fashion, and current affairs published by Condé Nast in the United States. The first version of ''Vanity Fair'' was published from 1913 to 1936. The imprint was revived in 1983 and currently includes five international editions of the magazine. As of 2018, the Editor-in-Chief is Radhika Jones. Vanity Fair is most recognized for its celebrity pictures and the occasional controversy that surrounds its more risqué images. Furthermore, the publication is known for its energetic writing, in-depth reporting, and social commentary. History ''Dress and Vanity Fair'' Condé Montrose Nast began his empire by purchasing the men's fashion magazine ''Dress'' in 1913. He renamed the magazine ''Dress and Vanity Fair'' and published four issues in 1913. It continued to thrive into the 1920s. However, it became a casualty of the Great Depression and declining advertising revenues, although its circulation, at 90,000 copies, was at ...
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Headlines
The headline or heading is the text indicating the content or nature of the article below it, typically by providing a form of brief summary of its contents. The large type ''front page headline'' did not come into use until the late 19th century when increased competition between newspapers led to the use of attention-getting headlines. It is sometimes termed a news ''hed'', a deliberate misspelling that dates from production flow during hot type days, to notify the composing room that a written note from an editor concerned a headline and should not be set in type. Headlines in English often use a set of grammatical rules known as '' headlinese'', designed to meet stringent space requirements by, for example, leaving out forms of the verb "to be" and choosing short verbs like "eye" over longer synonyms like "consider". Production A headline's purpose is to quickly and briefly draw attention to the story. It is generally written by a copy editor, but may also be written by ...
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Wall Street
Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial center. Wall Street was originally known in Dutch as "de Waalstraat" when it was part of New Amsterdam in the 17th century, though the origins of the name vary. An actual wall existed on the street from 1685 to 1699. During the 17th century, Wall Street was a slave trading marketplace and a securities trading site, and from the early eighteenth century (1703) the location of Federal Hall, New York's first city hall. In the early 19th century, both residences and businesses occupied th ...
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