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What were the relationships between black servants and their white employers like in the 1960s? Well, I can only talk about my experience. I grew up in the 1970s, but I don't think a whole lot had changed from the '60s. Oh, it had changed in the law books - but not in the kitchens of white homes. As children, we looked up to our maids and our nannies, who were playing in some ways the role of our mothers. They were paid to be nice to us, to look after us, teach us things and take time...
...wasn't until after the 1929 stock-market crash that Congress passed laws to limit such trading (although it didn't move to ban it outright) and created the Securities and Exchange Commission to enhance market oversight. As the stock market expanded in the 1960s, the SEC grew more aggressive in fighting insider trading, relying on a general prohibition against securities fraud. In 1987, the Supreme Court ruled that a former Wall Street Journal reporter, R. Foster Winans, and two associates were guilty of mail and wire fraud for trading on names mentioned in upcoming editions of the newspaper...
...Federal Reserve is also talking the talk, although it is difficult to see how it can actually walk the walk. After a year of contraction, U.S. GDP grew 3.5% in the third quarter of this year, but the jobless rate has surged to 10.2%, the highest since 1983. Raising interest rates runs the risk of worsening unemployment. For the same reason, the U.S. cannot withdraw stimulus spending either, even though the U.S. budget deficit has topped a record $1.7 trillion. Last week, mortgage lender Fannie Mae reported $18.9 billion in third-quarter losses and said it needs another $15 billion...
...Body 2 Body is out, in both senses of the word, to change all that. This self-labeled "queer anthology" claims to be the first of its kind in the country. Edited by two prominent arts activists, it grew from stories and essays posted on an Internet discussion group meant to counter a 2003 government attempt to reform "soft" (effeminate) male undergraduates. But documentary filmmaker Amir Muhammad, whose adventurous sideline Matahari Books publishes the title alongside a number of outspoken political satires, says that submissions soared during the wave of social optimism that followed opposition gains in the 2008 elections...
...Jesuit ideal can also be found in more recent graduates like Will Ahee and Tom Howe. Both grew up in tony communities - Grosse Pointe and Birmingham - that may be geographically close to Detroit but are worlds away culturally. Through U of D, they volunteered with Earthworks, an urban garden project that is reclaiming for sustainable agriculture some of the thousands of acres of abandoned lots in Detroit. When they graduated a few years ago, Ahee and Howe could have had their pick of universities. They chose to stay in Detroit and attend Wayne State University, where they study comprehensive food...