Strict Standards: Non-static method timezone::is_dst() should not be called statically in /users/home/photodude/web/public/textpattern/lib/txplib_misc.php on line 2355

Strict Standards: Non-static method timezone::is_supported() should not be called statically in /users/home/photodude/web/public/textpattern/lib/txplib_misc.php on line 2523
The Daily Whim: Lesson From a Crisis

PhotoDude.com

The Daily Whim

The Daily Whim

Piling Pixels For The People

Links

Lesson From a Crisis – When Trust Vanishes, WorryIn 1929, Meyer Mishkin owned a shop in New York that sold silk shirts to workingmen. When the stock market crashed that October, he turned to his son, then a student at City College, and offered a version of this sentiment: It serves those rich scoundrels right. A year later, as Wall Street’s problems were starting to spill into the broader economy, Mr. Mishkin’s store went out of business. He no longer had enough customers. His son had to go to work to support the family, and Mr. Mishkin never held a steady job again. “We are facing a major national crisis,” as Meyer Mishkin’s grandson says. “To do nothing right now is to do what was done during the Great Depression.”


Peanut Gallery

Comments are closed for this article
Contact me to find out more