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News from 1930

B. Anderson, Chase Natl. Bank economist, says Fed policy of easy money will not be sustainable when business revives; suggests moderate tightening now to avoid shock of a sudden severe tightening later.Fed. Reserve member banks report brokers' loans rose $33M to $3.143B in week ended Sept. 10; total on Sept. 11, 1929 was $6.474B. Florida Bondholder's Adjustment Committee calls on owners of defaulted local bonds to accept arbitration with principle that local govt. should “pay to the full extent of its ability to pay” when fairly determined, and no more. Says full payment in many cases impossible due to string of problems in past few years including collapse of real estate boom, bank failures, storms, and Med. fly scare; local feeling is that many bonds were voted in due to high-pressure tactics by outsiders.

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LiveScience

The wreck of the YP-389, a converted fishing trawler, rests in about 300 feet of water in a region known as the "Graveyard of the Atlantic," where several U.S. and British naval vessels, merchant ships, and German U-boats sunk during the Battle of the Atlantic.

Six sailors died when the YP-389 was attacked by a German submarine June 19, 1942. There were 18 survivors.

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News Link

Who was the first president of the United States? Ask any school child and they will readily tell you "George Washington." And of course, they would be wrong—at least technically. Washington was not inaugurated until April 30, 1789. And yet, the United States continually had functioning governments from as early as September 5, 1774 and operated as a confederated nation from as early as July 4, 1776. During that nearly fifteen year interval, Congress—first the Continental Congress and then later the Confederation Congress—was always moderated by a duly elected president. As the chief executive officer of the government of the United States, the president was recognized as the head of state. Washington was thus the fifteenth in a long line of distinguished presidents—and he led the seventeenth administration—he just happened to be the first under the current constitution. So who were the luminaries who preceded him? The following brief biographies profile th

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The Humble Libertarian

Socialism and The Obama Administration In popular conception, "left-wing" politics taken to the extreme produces Stalin, while "right-wing" politics taken to the extreme produces Hitler. What a stupid contrivance! Why should two mass-murdering autocrats end up on opposite ends of a political spectrum? The general American public seems oblivious to the fact that the word "Nazi" is an abbreviation for the "National Socialist German Workers Party." (In German, the word "national" is pronounced nawt-zi-uh-nal.) Adolf Hitler and the Nazi Party were socialist. The horrors inherent in socialism have made themselves all too apparent at this point on the timeline, after a century of warfare and bloodshed unrivaled in human history- the handiwork of socialist ideology and its adherents. His socialism is part of what made Adolf Hitler so evil. There can be no argument that President Obama is likewise, a socialist.

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Ellis County Press

Well, one of the primary propaganda victories old Joe Stalin achieved during his bloody reign was to convince the world that communism and fascism were utterly unlike each other. What’s a fact is fascism is a brand of left-wing ideology. Marxism and Nazism are political mirror images, offshoots of totalitarian socialism. Contrary to left-wing myth, there is no such thing as "right-wing fascism." In the 1930s, fascism was widely viewed as "progressive" ideology championing economic modernization, active social welfare policies and an all-powerful central government, or state if you will. Both Italian dictator Benito Mussolini and German dictator Adolph Hitler were men who believed in the left. They both understood that fascism was a form of revolutionary socialism; however, what differentiated Nazism from communism was its blood-and-soil ultra-nationalism and emphasis on the consequences of race. Additionally, fascists sought to bind the private sector to stati

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