How Big Banks Created a Fed to Serve Their Own Interests -
Nomi Prins is a journalist and senior fellow at Demos, and author of five previous books, including “Other People’s Money” and “It Takes a Pillage”. Alex Amend of Demos provided additional research for this excerpt.
The fifth cat -
A British government risk assessment report concluded that killing cats infected with bovine TB was “the most sensible course of action” because they were a risk to their owners and to any veterinarians treating them. They can shed bacteria both by coughing and through wounds until their infections are brought under control.
However, according to a veterinary report on the Newbury cluster in the journal BMJ, five of the owners decided to treat their cats with antibiotics. Three of the animals recovered, one was later put down and the fifth disappeared.
“I made no connection with purism,” he says. “I looked at the art of it and I said, ‘Goddamn. How long has this room been here? Why didn’t I ever see this wing of the house of life?’ ”
Chet Baker in the bathtub. Howlers of the Dock. 1960.
Some choice words for Republican leadership in the 20s. Via Ferdinand Lundberg’s ride through America’s Sixty Families (1937)
Even in their superficial aspects the successive Republican Administrations (of Harding, Coolidge, Hoover) were suspect. They differed from each other only in the name of the White House occupant. Warren G. Harding was an amiable drunkard who left a legacy of scandal mere allusion to which constitutes a breach of good taste; Calvin Coolidge simply did what he was told by Andrew W. Mellon and by Dwight W. Morrow, his political godfather; Herbert Hoover was an erstwhile vendor and promoter of shady mining stocks who before the war had been reprehended by an English court for his role in a promotional swindle.
"Harding," said Alice Longworth, daughter of Theodore Roosevclt, in a summary that must be considered scientifically exact, "was not a bad man. He was just a slob." Coolidge, according to Senator Medill McCormick, part owner of the rabidly Republican Chicago Tribune, was a plain "boob." He was so shunned, as Vice-President, that when he became Chief Executive he made Senator Frank B. Kellogg, the only man in Washington who had spoken a kind word to him, his Secretary of State.
The third of the Republican postwar Presidents (Hoover), in H. L. Mencken’s judiciously insulting phrase, was a “fat Coolidge,” sweatingly tremulous under the domination of Thomas W. Lamont of J. P. Morgan and Company, whom he invariably consulted over the long-distance telephone before ever announcing any decision of moment. Of Coolidge’s ignorance of common affairs, which was transcended only by Harding’s…
The exceptionally low caliber of the Coolidge mentality was never better illustrated than in 1921 when, as Vice-President, he wrote for a woman’s magazine a series of articles under the title, ”Enemies of the Republic: Are the Reds Stalking Our College Women?”