Word: franklin
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...warfare has become infinitely more costly in recent generations - as the bloody conflicts of the 20th century proved. Thus sanctions, by and large, have become war by other means. The U.S. has applied such measures more than 100 times since World War I, against more than 75 countries. President Franklin D. Roosevelt imposed them as a check on Japanese imperialism in 1940, Ronald Reagan leveled them as a way to combat martial law in Poland, and a legion of leaders have used sanctions in recognition of the atrocities perpetuated in Saddam Hussein's Iraq, Kim Jong Il's North Korea...
...months after Franklin D. Roosevelt took office in 1933, Congress legislated a transformation of the financial sector, establishing a new regime of securities regulation, creating the Federal Deposit Insurance Corporation and segregating commercial banks from Wall Street. It's not obvious that we need such a drastic overhaul now, but the contrast with the 1930s is stark. Ironic, too. By leaving financial markets alone, Mellon and his kindred spirits at the Fed ushered in an economic collapse that led to permanent government intervention in the financial sector. By intervening, Paulson and his kindred spirits at the Fed seem to have...
...comes to recruiting presidential advisers he's in good company. During World War I, Woodrow Wilson appointed financier Bernard Baruch to head the War Industries Board - a position dubbed industry czar (this just one year after the final Russian czar, Nicholas II, was overthrown in the Russian Revolution). Franklin Roosevelt had his own bevy of czars during World War II, overseeing such aspects of the war effort as shipping and synthetic-rubber production. The term was then essentially retired until the presidency of Richard Nixon, who appointed the first drug czar and a well-regarded energy czar, William E. Simon...
...fact,” said Galster, “on Housing Day last year, I brought him [Franklin] down for luck. The House master’s wife fell in love with him. She thinks he’s adorable.” Galster clearly does not see the House administration as a looming threat. “Administration is not going to bother me. Franklin is not going to escape, and even if he does, he’s a turtle. How far can he get?” said Galster...
...Turns out, Franklin has not only provided Galster with constant companionship, but also some social perks as well. Galster describes Franklin as a “chick magnet.” Their friendship goes so far that Galster has included Franklin in rowdy drinking games. “Franklin has had his share of Beiruit games,” said Galster, laughing...