In 19th century New York City business was largely run by those men who would come to be known as Robber Barons. The term was generally applied to men who had gained their wealth through unethical practices or by establishing anti-competitive situations. Eventually it would refer to anyone who had achieved enormous wealth.
John D. Rockefeller, J.P. Morgan, John Jacob Astor and Cornelius Vanderbilt were all referred to as Robber Barons, even though their greatest fault may have been simply too wealthy. While all of them amassed enormous fortunes, historians are divided on whether or not they were unethical or simply ruthless. Not so for industrialist Jay Gould, who in the middle part of the 18th century would rise to become the ninth richest man in the world. Historians pretty much agree that Jay was shady at best and an out and out criminal at worst. The Bernie Madoff of his time, if you will. By the time Gould moved to New York in 1859 at the age of twenty-three he had already turned around the struggling Rensselaer & Saratoga and Rutland & Washington railways. In New York, Jay became a broker of Railroad Stocks and eventually hooked up with financier Jim Fisk. Fisk got Jay a seat on the board of the Erie Railway and eventually Gould became president.
At about the same time they fell in with boss William Tweed of Tammany Hall. Tweed would help the two eventually take control of the Erie railroad by aiding them with payoffs, political influence and stock manipulation. In August 1869, Gould and Fisk began to buy gold in an attempt to corner the market, hoping that the increase in the price of gold would increase the price of wheat such that western farmers would sell, causing a great amount of shipping of bread stuffs eastward, increasing freight business for the Erie railroad. These speculations in gold culminated in the panic of Black Friday, on September 24, 1869. The price of gold fell from $162 to $135. The gold corner established Gould s reputation in the press as an all-powerful figure who could drive the market up and down at will. For the rest of his life, newspaper writers would attribute to Gould almost any market development they could not explain otherwise.
While in control of the Erie, with the help of Tweed and Fisk, Gould entered into the sale of $5 million in fraudulent stocks. Even Tweed and Tammany Hall judges could not help him out this time. Tweed had his own problems having been arrested in conjunction with his many Tammany frauds. Even though he was out on $1 million bail paid by Jay Gould, his influence in New York politics was gone. On March 11, 1872 the board of the Erie Railroad would force Jay Gould out. Gould would eventually gain control of the Union Pacific Railroad and later have a large interest in the New York elevated system. He died in 1892 with a fortune estimated at $72 million. Does crime pay? I ll leave it to you to decide.
Live Interview March 9 6:40 pm et
Episode #304 : A.V.A Live Radio Behind The Music with Jacqueline Jax :http://www.blogtalkradio.com/avaliveradio/2016/03/09/episode-304-ava-live-radio-behind-the-music-with-jacqueline-jax
Loved music all my life
and have never had a chance to actually write a song and have it produced for me.
I live in a village called WILBARSTON near Market Harborough Leicestershire. Wilbarston
is famous for its bands that used to perform at the village hall but that seems to have died out now. Wishbone Ash were regulars. The Fox Pub and the Post office and that s it in Wilbarston. A typical country Village in England UK.
I love to do Karaoke when I get a chance and I like to sing along in my office out of the way of everyone so I can enjoy myself. I am a football (soccer) fan and go and watch Manchester United FC whenever I get a chance. I have supported them for over 40 years.
England Bring it Home France
Bought a guitar and was given a present from my wife for Xmas of guitar lessons. I had the lessons in a studio and my mind began to wander and I decided that I wanted to write a song. As I have always been a football fan in fact all my life and also because England won the World Cup on my birthday 30th July I wanted to write a song to promoted initially the World Cup finals in 2014. I had great support from local radio and the BBC and the local papers ran a couple of full page spreads etc to help me promote the song. I have also raised money for Help for Heroes and I am trying to raise money for Cancer Research as I had cancer of the stomach and I am now cured. (That s after losing 80% of my stomach lol). The England football team s effort to win the European Championships in France in June 2016.
I began with the chorus which was easy and then worked on the verses. Once I had the whole song in my head I found another studio who could help produce the song. The studio was in Leicester and there were 4 of us who put it all together from the clapping to the electric guitar etc. The drummer plays with the Drifters when they are performing and the base guitarist works with Andy Abrahams a singer who had fame with the X factor. The whole day was great and it ended up with me driving home with a copy of the final CD. A couple of guys included the song on a compilation CD which was great. When I decided to change it to the France version it took about 2 hours to get it sorted. I have since had it copied and have a DVD/CD produced in a proper case etc to give away.
Its basically my first effort and I aim to produce a song not related to football once the tournament is over etc.
Buy the tune: https://itunes.apple.com/gb/album/england-bring-it-home-france/id935308356
Love all the new bands and any new music, it gets better and its great to see people make it in the business. It s difficult to break though or get anyone interested really but that s life I suppose. I will continue to plug away until and song is recognized and I can get that feeling of success.
Its OK and good platform to promote as much of my music and life as I can. Also keeping in touch with old Army mates.
I would love to have 5 minutes alone with .
Mick Hucknell (Simply Red) Love his music and have seen them/him a number of times. He just keeps going and going with new material all the time.
Do you find that there is to much emphasis on being current and trendy
No not really I want to be me and not keep up with anyone else. I need to promote my own music.
I am most afraid of failure but I can handle it
My personal definition of success is..
My personal successes are: Joining the army and being one of the youngest Sergeants in the British Army. I just followed the rules ha and did what I was told.
My over all goal for my life & career is
Getting my dream job (Just achieved that as Franchise Operations Manager for PIRTEK UK Ltd and get some recognition with a song that I have written and performed.
3 Ways that I challenge myself and how each one moves me forward towards my goal.
1) Keep trying and look for ways to over come any barriers
2) Keep listening and thinking ahead for the right music to come along
3) Listen to advice and have NO FEAR
- ^ http://www.blogtalkradio.com/avaliveradio/2016/03/09/episode-304-ava-live-radio-behind-the-music-with-jacqueline-jax (www.blogtalkradio.com)
- ^ Jacqueline Jax (www.jacquelinejax.com)
- ^ https://itunes.apple.com/gb/album/england-bring-it-home-france/id935308356 (itunes.apple.com)
- ^ https://youtu.be/BCecWtxbHeE (youtu.be)
- ^ https://twitter.com/ColinDBudden (twitter.com)
Tom Frantz. Photo credit: Virginia Business
by James A. Bacon
Virginia s economic growth ground to a standstill in 2014 and lagged the nation in 2015. Recognizing that metropolitan regions are the growth engines of the early 21st century economy, civic boosters are looking to spur growth and development at the regional level but that picture doesn t look much prettier. The Brookings Institution s Metro Monitor Report ranked the Richmond region 59th nationally in an index of economic growth and prosperity indicators between 2009 and 2014, while Hampton Roads rated 97th. (Metropolitan Washington ranked 71st.)
Tom Frantz, chairman emeritus of the Williams Mullen law firm, thinks one way to restore economic vitality would be to merge the Richmond and Hampton Roads regions into a mega-region by applying for the status of a Combined Statistical Area (CSA), an official designation of the U.S. Office Planning and Budget. Such a merger would create an entity of 3 million inhabitants, enough to rank 17th largest in the United States. That, says Frantz in the Virginia Business cover story this month, would put Richmond and Hampton Roads into the running for more business investment. You are sitting in a boardroom in Hong Kong, Paris, or London, and you want to expand to the States. You can t look at everything in the States, so you re going to look at the top 20, 25 MSAs. Frantz is tapping into a body of analysis that observes that growth and innovation are concentrating disproportionately in the world s mega-regions. The eastern half of the U.S. has four such mega-regions, or clusters of MSAs: the Northeast, the Great Lakes, the Piedmont (Atlanta-Charlotte), and Florida. Richmond resides on the far outer fringe of the Northeastern mega-region, while Hampton Roads is not connected at all. Combining Richmond and Hampton Roads into a mini-mega, so to speak, would be prelude to the longer-term strategy of aligning with the Northeastern mega-region.
What we can t afford is for us to be two isolated islands in the middle of this highly connected economic juggernaut, says Frantz. We re not talking about combining fire departments, school systems or any of that. We re talking about marketing ourselves to the world as a larger, more diverse region that has many more assets.
The idea is being seriously discussed by civically engaged business leaders in both metros, but Frantz acknowledges that the mega-region idea will take years to take hold. He hopes the next generation of leaders will run with it. The same old ways we ve done things will not work, he says. We need to think boldly, positively, and figure out how to combine our strengths so we can succeed in the new economy.
Bacon s bottom line: Count me in the Yeah, maybe camp. My philosophy is that it s always worthwhile to question established ways of thinking. I also agree that metropolitan regions are the primary units of economic growth, and it that makes sense to think in regional terms. But I question whether stitching Richmond and Hampton Roads into a mega-region is worth the effort. Regardless of what gloss the U.S. Office of Planning and Budget puts on it, the two metros are distinct labor markets linked tenuously by Interstate 64, which suffers periodically from horrendous congestion. I cannot imagine that corporations looking to locate in a million-plus-worker labor market will be persuaded to consider either Richmond (670,000 workforce) or Hampton Roads (827,000 workforce) just because of a CSA designation. I m also concerned about the impact of a Richmond-Hampton Roads vision on land use. I worry that such a strategy would lead to the filling in of the relatively empty space between eastern Richmond and Williamsburg, perpetuating the building of dysfunctional, low-density suburbs instead of encouraging the densification of both urban regions. Such an eventuality would carry tremendous costs and would overwhelm I-64 with local traffic, ruining it as an interstate highway, just as Northern Virginia growth ruined Interstate 95. I m more inclined to the view of Eugene Trani, former Virginia Commonwealth University president and founder of the Richmond s Future think tank, also quoted in the article, that it makes sense to build ties through initiatives likely to yield a more immediate payoff. Trani sees potential for cooperation in the field of logistics, which he has already identified as a winner for the Richmond region. Working together, the two regions would combine Hampton Roads world-class port, Richmond s net of interstate highways, and the human capital supplied by the Fort Lee Logistics Readiness Center, among other assets.
Another area ripe for collaboration could be the so-called Eds and Meds corridor anchored by Charlottesville and Norfolk, and running through Richmond. Promoting collaboration between major universities and medical facilities could develop centers of research and clinical excellence capable of attracting R&D dollars and medical tourism. Building institutional ties in logistics and Eds-and-Meds could lay the groundwork for a more formal regional merger in the far future. A Richmond-Hampton Roads partnership definitely makes sense for Hampton Roads, which sits in a geographic cul de sac with no meaningful links to any other metro. But it s a different story for Richmond, which also looks north to metro Washington. A top regional priority for Richmond is creating higher-speed train service that would promote business ties to Northern Virginia. Given the scarcity of resources for multi-billion-dollar transportation mega-projects, Richmond s civic leaders might be forced to choose improving I-64 to Hampton Roads on the one hand and improving Amtrak service to Washington and the rest of the Northeastern megalopolis on the other. But every grand vision has obstacles. That s no excuse for laying down and doing nothing. Frantz s idea is worth exploring.
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