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...creative ways to sell securities and lend to the burgeoning middle class. Mitchell, who became president of the bank in 1921, built City into the first financial supermarket. When everything financial turned toxic in the early 1930s, he became the most prominent scapegoat for the disaster. He was the main target of the famous Pecora hearings in Congress, was arrested for--but not convicted of--tax evasion and resigned in disgrace. The Glass-Steagall Act of 1933 put an end to the blending of banking and securities businesses that Mitchell had championed. City lived on as a chastened, smaller bank...
Have Israelis given up on peace? It can seem that way. Polls show that more than 90% of Israeli Jews favored the blitz on Gaza. But in truth, the demise of the Israeli peace movement has been a long, drawn-out agony. Its main advocate, Peace Now, was once able to lure hundreds of thousands of Israelis into the streets. But after the Oslo accords with the Palestinians in 1993, the steam started to go out of the peace movement. Israelis became convinced that Palestinian leader Yasser Arafat played a double game, talking peace but battling Israelis from within...
...Sacramento mountains checkerspot butterfly is unique, found in all the world only on 2,000 acres of high meadow in the village of Cloudcroft, N.M. (pop. 768, altitude 8,640 ft.), and the adjoining Lincoln National Forest. The 2-in. checkerspot colorfully floods Burro Street, Cloudcroft's main drag, every summer, and it takes its scientific name--Euphydryas anicia cloudcrofti--from the town that shares its habitat...
Following the announcement that Crate and Barrel will shut its doors this weekend, Brattle Street is poised to lose two more businesses with the closing of cosmetics store Beauty and Main and business accessories store Cross...
Beauty and Main closed its doors over a week ago after six years in Harvard Square. The store noticed a dramatic decline in sales over the past year and a half, according to director of operations Kate E. Richard...