17 Burst results for "John Rockefeller"
Bloomberg Radio New York
"john rockefeller" Discussed on Bloomberg Radio New York
"Kind of way, period full stop for years to come. Well, I don't know. I mean, I think we need to make the kind of investments that are necessary to do things like pull down inflation pull down energy prices in the long run. I think that's what we're seeing in the inflation reduction act. I think that we're going to see that in the future. I think that those investments are absolutely important. I also think about the kind of investments we need to make to increase the supply of workers. So make sure that we have as many workers out there as possible. And that will also help with the economic growth of the future. So doing things like making investments and care work, those kinds of things will allow more women to enter the labor force. In fact, if you have more people, workers entering the labor force, then they'll put less pressure on wages. And so I can see they're being different parts of this. But I don't actually think we need to have a substantial slowdown as we're already seeing inflation begin to fall. I guess that I'm just questioning certain aspects and it's both the U.S. and internationally. When you start to talk about spending to support, especially lower income individuals who are really struggling, how much there will still be an open market for raising cash for those things. The U.S. perhaps not as serious of a condition as the United Kingdom in this capacity, but the student loan relief measures like this. Do you think that that is a net benefit even at a time when it could on the peripheries add to inflationary pressure? I think all the evidence suggests that that is a very tiny impact on any kind of inflation. So I don't think that is a major factor in thinking about whether or not something is a good policy. I think we can look at other things about who is going to be affected by the policy, how well how well it's going to be targeted, how well it's going to impact people's ability to make ends meet, all of those other things. I think the impact that research shows that the impact on inflation is pretty negligible. At least one final question, if I could, there is a gross assumption that businesses and corporations out of the great financial crisis took the high ground and power over labor. There's now an assumption perhaps that labor is gaining strength coming out of this pandemic. Do you buy it? I do, actually. I think that we're seeing it in activities in terms of increased interest in unionization. We saw that recently with the Gallup survey about growing numbers of people interested in collective bargaining. You're seeing those activities across the country. I think that will have some staying power. I think that people see that may translate into a bit more leverage moving forwards. At least gold. Thank you of the economic policy institute and the labor market in America, important week for the labor market in America. The LEP report at about 15 minutes ago, call it 20 minutes ago now. Downside surprise, one 32. The estimate was 300 K, Tom Tian us up for Friday, 300 K is the estimate. Down from 5, 28 in the previous month. And the veteran that was higher. It was a two 85 and a couple days ago, 300. It really isn't. But I have so much trouble John with a gloom of a 300 or two 85 number versus the normal time of say 200,000 or two 25. I check at that. Data point, right? As soon as you start getting concerned about that, the horse is bold. Yeah, you've got with that. You know, Frank data. And John, you know, stay with me September 1 when the leaves begin to change, unit labor costs, frankly, is just as powerful as jobs day. It's going to show us, you know, that wage dynamic that inflation dynamic is the most important data point Tom looking out is going to be the unemployment rate. It's at 3.5%. It's expected to stay there on Friday. I keep saying this because I think it is going to be one of the most important stories in the next 12 months. The fed is telling us later that unemployment is going to climb. I'm not quite sure we've fully got our hands around. What that's going to look like when it happens. The road of master saying, she is expecting the unemployment rate to climb to 4%. The argument that others make is that there's still is so much room for people to come back to the labor market that participation rate could go up. The productivity rate could go up that it could create the soft landing that Elise Gould was talking about. But what happens if it doesn't happen? And many people say that it's much more likely that we don't get that kind of Goldilocks scenario. I'm trying to be actually fair. These are the arguments that people are making. Balanced, yeah, not just, you know, I'm with you. I like skeptical. I'm not sure what Tom's up to. It's Tom. Yeah, you know. That's a loaded question. I'm getting ready for the tots. I can't focus. John, I just did a survey for you to get you up to Vermont for the leaves of October. They're sold out. Woodstock in. Vermont. Sold out. They're just sold off. Things off. All right, no place to stay, John. Oh, right. They're sold out the hotels. Yes. Okay. No, no, it's not a hotel it's one of America's famous sins. Seriously, Woodstock Vermont was redone by John Rockefeller decades and decades ago. He was the first one to put the power lines below the street. So you're driving to this town and it looks like a Dickens novel. Okay, I've just picturing right now us going on an apple picking trip. Tom will be reading Robert Frost. Wikipedia to tell us everything about that particular plot of land in Vermont. Okay, you and I are we actually pick an apple. You'll be evaluating which apples are the best. Why they're the best. They're breeding Wikipedia. Tana saw about it. I'm not going. No. Just no. Hey, come on, a remote. We can go up the stove or my John to remote, you know? I'm not Gavin. Senator Leahy could show up. The Yankees owner has put a minority stake in my football club son. A.C. Milan, that's just happened apparently. Really? We're expecting that to happen, but that's news you can use. Okay, we'd actually like to win something like. That happened. PH is up a third from New York. This is Bloomberg. Now the latest news from New York City and around the world, here's Michael Barr. Down, Lisa John, the Justice Department says classified documents were likely concealed and removed
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"And there are times and places where this service is the most needed of all the services that can be performed. But the man who never does anything else who never thinks or speaks or writes save of his feats with the muck rake. Speedily becomes, not a help, but one of the most potent forces for evil. Ah, this is how teddy sees, not all but some investigative reporters. Rakers of muck, nothing but muck. Who ultimately do evil. But he's careful to clarify that he's all in for exposing corruption. Reporters just need to know when to stop. Expose the crime and hunt down the criminal, but remember that even in the case of crime, if it is attacked and sensational, lurid and untruthful fashion, the attack may do more damage to the public mind than the crime itself. Continuing to say little of the building whose construction the group is here to celebrate. Teddy then turns to the next topic he feels like disgusting. Large, second industrial revolution created fortunes. Says TR it is important to this people to grapple with the problems connected with the amassing of enormous fortunes. As a matter of personal conviction and without pretending to discuss the details or formulate the system, I feel that we shall ultimately have to consider the adoption of some such scheme as that of a progressive tax on all fortunes. Beyond a certain amount, either given in life or devised or bequeathed upon death to any individual. Such taxation should, of course, be aimed merely at the inheritance or transmission in their entirety of those fortunes swollen beyond all healthy limits. After adding much nuance to these ideas, teddy eventually closes by mentioning the foundational stone of high individual character. And with that, the masons lay the copper time capsule containing cornerstone. This speech makes a big splash. If you know his comments on taxing wealth, and just as few care about TR's nuanced distinctions between, say, a yellow journalist like the now congressman William Randolph Hearst, and hard hitting investigative journalists, but almost everyone likes the muck rake. Mock raker. A new pejorative term for journalists has been born, and the corporate world loves it. Newspapers that haven't taken to this style of investigative journalism gleefully label Ida tarbell and other such reporters as muckrakers, while announcing the end of their short lived era. John Rockefeller is sure that's true. But that's not how it goes. Investigative journalists, or muckrakers, as the term sticks longer than its sole pejorative intention, won't fade in 1906. At Congress's behest, a son of the nation's second assassinated president, commissioner James R Garfield of the bureau of corporations, investigates Standard Oil, and he's definitely reading muckraker Ida tarbell's work. Garfield junior's over 500 page report helps TR push the interstate commerce commission strengthening Hepburn Bill and leads him to conclude that this oil empire's leaders are, quote, the biggest criminals in the country. The federal government brings suit that November. By summer of the following year, 1907, the federal government and half a dozen states have suits going against Standard Oil. Then, in 1910, well into William Howard Taft's presidency, the infamous New Jersey based corporation goes before the Supreme Court. The following year, on May 15th, 1911, scotus upholds the lower court's decision that Standard Oil must disband. There's a bit of irony in this ruling. First, the shattering of John Rockefeller's empire not only comes as international competition as ramping up from the royal Dutch Shell group in Anglo Persian oil company, but the aging businessman just gets richer as the value of the fragmented companies shares soar. He and Andrew Carnegie now appear to be in a philanthropy contest. Second, the ruling isn't the resounding victory, the most radical of reformers want. Relying on the rule of reasoned doctrine, the court doesn't endanger all combinations or trusts. Just those that nebulously are, well, not reasonable. Justice John Marshall Harlan is not a fan of this subjective rationale. And while he agrees with breaking up Standard Oil, he descends over the court's use of it. And when his colleagues vote to break up the American tobacco company that very same day, he again sense for the exact same reason. But all that said, it is the outcome less than radical progressives like teddy wanted. Although he pursued 44 antitrust actions as president, teddy made it rather clear he isn't anti business or anti wealth. Capital, labor, whatever and whoever, he just wants every American to get a square deal, rather than deal with bullies. And to TR, Standard Oil was a bully. A natural disaster a failed New York State effort at food regulation. A successful federal effort at food regulation. The Boston of another trust let's square this all up. Flying at 30,000 feet, this mosaic of American experiences under the T Roosevelt administration shows us a nation taking a halting step toward a more empowered federal government. San Francisco expected no federal aid, yet most supported teddy as he extended federal regulation in a significant way to monitor meat packing. Meanwhile, the Supreme Court seems unsure of its footing. We saw scotus break up J Pierpont Morgan's northern securities in the last episode, then give master baker's the win in lochner V New York in today's episode with both decisions coming in through a tepid 5 four vote. And although the court showed more confidence in its breakup of Standard Oil and American tobacco, the rule of reason rationale keeps things hazy and unclear. It seems the post second industrial revolution United States and its institutions are lurching toward what they hope but aren't sure are the answers. At the dawn of a new century. In keeping our eyes on the changes rot by the second industrial revolution are key. This nation of 75 million that reaches from sea to shining sea and with overseas imperialism beyond, is trying to grapple with unprecedented in size global corporations. And what that means for the average American and the republic. The world has seen wealthy corporations, but never like this. So what does it mean for representative government? Whether your team Ida tarbell or team John Rockefeller, that question is at the core of her investigation. Related, progressives are also wondering if the second industrial revolution created personal fortunes can threaten representative government and the individual liberty of others. Hence, teddy ending his muckraker speech by floating the idea that immense wealth perhaps shouldn't be passed on. As he put it, quote, in their entirety of those fortunes swollen beyond all healthy limits. Okay, but what is a healthy limit? And no surprise that that qualifier, we know this blue blood in New Yorker isn't a socialist, we heard him in the last episode explain that he fears the evils of both, quote, law defying wealth and dreadful radicalism, but beyond that, how would this federal tax he suggesting work anyway? I mean, back in 1895, the Supreme Court ruled a short lived income tax unconstitutional. Well, according to Mark Twain, TR is to give you one last quote. Ready
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"Held most or all of the stock for these various individual state entities. That would keep the company separate in the eyes of the states, yet align their goals and interests on the whole. Wow. Brilliant. On January 2nd, 1882, Sam Dodds lawyering skills gives birth to the Standard Oil trust agreement. By the years end, John Rockefeller and 8 other lesser trustees are sitting in New York City running a trust that holds no property yet holds the stock to pull the strings on 40 technically separate companies. Damn. Other interstate companies quickly follow suit. Oh, no wonder this decade ends with the Sherman antitrust act. As the noted biographer of notable Americans were on Chernobyl puts it in his book on JD, quote so many companies duplicated the pattern over the years that one can say with pardonable exaggeration that the 1882 trust agreement executed by Standard Oil led straight to the Sherman antitrust act 8 years later. Yet, as we know from the last episode, this law is more bark than bite. And even as Ohio's attorney general comes after Standard Oil for violating its state charter with this nearly a decade old trust system in 1890, the company finds a new found love for New Jersey. Which recently decided holding companies are just fine. Thus, when Ohio Supreme Court rules in 1892 that John's trust empire must go, Standard Oil simply incorporates anew in the garden state. Check and mate, Ohio. Approaching the turn of the century, Standard Oil is a global behemoth, with a multi armed octopus like reach, securely grasping the nation in the world. At least, that's how the famous puck magazine founder and political cartoonist udo Kepler depicts it. Though John D. Rockefeller is mostly out of the picture by this point. The undeniably brilliant tycoon has experienced a nervous breakdown. And while he keeps the title of president, JD's effectively retired and working hard at giving his wealth away. Sounds like John D has both revolutionized the business world and become a praiseworthy philanthropist. But hold that thought. Ida tarbell isn't so sure it's accurate. It's been more than a quarter century since Ida saw her father return to their Titusville home a broken man that fateful night in 1872. He struggled on. She's accomplished much. Ida becomes a trailblazer by enrolling at nearby Allegheny college in 1876. This institution started accepting women during the Civil War, but they were still few and far between. Ida absorbed every subject from the sciences to languages served on the student's newspaper editorial staff, the then graduated as the only woman in the class of 1880. She spent two years teaching up Poland union seminary in Ohio, but found that wasn't her thing. Returning to Pennsylvania, the dark haired 20 something college grad found work at the middle class oriented educational magazine, the chautauqua. I had a first edited and annotated, but in time, she began doing some of the writing. This gig held for several years, but after a fallout with editor Theodore flood, the Intrepid 34 year old made a daring move in 1891. She decided to go full on freelance writer, working from Paris, France. Long fascinated with the French Revolution's leading women, Ida hoped to support herself with articles while writing a biography of her at the time, heroin. The salon running revolutionary intellectual, madam Roland. Talk about an enormous gamble. While Ida had the forethought to get some assurances of interest in her articles from American publications before moving to the other side of the Atlantic. The freelance life brings no guarantees. And doing so as a woman, well, let's just say that with few exceptions, everyone in her life told her she was nuts. Yet Ida went for it, and after 6 weeks in the city of lights, she sold her first article for $6. Living hand to mouth, freelance writing itis reputation for excellent pros, analysis, inaccuracy, only grew. Then, in 1892, an energetic man with a bushy mustache showed up at her door. Sam McClure Sam was starting a new magazine and wanted her to write for him. It took some coaxing, but as anyone who knows him can tell you, Sam's a charmer. As the 1890s wore on, McClure's magazine published her carefully researched biographies on emperor Napoleon, then Abraham Lincoln. As a result, the magazine circulation almost doubled. But now, as a Spanish-American War is quickly won and the U.S. enters the 20th century, Sam McClure wants to apply his magazine's investigative journalism to a pressing issue. Corporate trusts. And as he considers the biographical nature of the mother of all trusts, Standard Oil, which is essentially the life story of John Rockefeller, who better to make the story of this trust a readable, narrated history than his oil country originating biographical writer, Ida tarbell. Well, I'd have certainly has thoughts on Standard Oil. The 1872 Cleveland massacre left an indelible impression. Her father still struggling. She's game, though many others worry for her. Friends back in Titusville, fear Standard Oil will make her pay if she does. Fearing Standard Oil will take down McClure's, her father, Frank cautions. Don't do it Ida. They will ruin the magazine. And as she begins her research in 1901, a banker beholden to Standard Oil likewise warns Ida at a Christmas party that the company is concerned. Still, item moves ahead, traveling the nation's scouring Standard Oil seemingly endless court records and congressional reports while her 27 year old research assistant John sadal does the same in Cleveland. Then, as Ida's first drafts are coming together, her boss Sam McClure comes bearing news. Seems his friend, Samuel Clemens, AKA Mark Twain, his friends with Standard Oil VP, Henry Rogers. And if Ida wants Mark Twain can arrange an interview.
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"Rake to himself the filth of the floor. Now, it is very necessary that we should not flinch from seeing what is violent a basin. There is filth on the floor, and it must be scraped up with this muck rake. And there are times and places where this service is the most needed of all the services that can be performed. But the man who never does anything else who never thinks or speaks or writes save of his feats with the muck rake. Speedily becomes, not a help, but one of the most potent forces for evil. Ah, this is how teddy sees. Not all but some investigative reporters. Rakers of muck. Nothing but muck. Who ultimately do evil. But he's careful to clarify that he's all in for exposing corruption. Reporters just need to know when to stop. Expose the crime and hunt down the criminal, but remember that even in the case of crime, if it is attacked and sensational, lurid and untruthful fashion, the attack may do more damage to the public mind than the crime itself. Continuing to say little of the building whose construction the group is here to celebrate. Teddy then turns to the next topic he feels like discussing. Large, second industrial revolution created fortunes. Says TR, it is important to this people to grapple with the problems connected with the amassing of enormous fortunes. As a matter of personal conviction and without pretending to discuss the details or formulate the system, I feel that we shall ultimately have to consider the adoption of some such scheme as that of a progressive tax on all fortunes. Beyond a certain amount, either given in life or devised or bequeathed upon death to any individual. Such taxation should, of course, be aimed merely at the inheritance or transmission in their entirety of those fortunes swollen beyond all healthy limits. After adding much nuance to these ideas, teddy eventually closes by mentioning the foundational stone of high individual character. And with that, the masons lay the copper time capsule containing cornerstone. This speech makes a big splash. If you know his comments on taxing wealth, and just as few care about TR's nuanced distinctions between, say, a yellow journalist like the now congressman William Randolph Hearst, and hard hitting investigative journalists, but almost everyone likes the muck rake. Mock raker. A new pejorative term for journalists has been born, and the corporate world loves it. Newspapers that haven't taken to this style of investigative journalism gleefully label Ida tarbell and other such reporters as muckrakers, while announcing the end of their short lived era. John Rockefeller is sure that's true. But that's not how it goes. Investigative journalists or muckrakers as the term sticks longer than its solely pejorative intention won't fade in 1906. At Congress behest, a son of the nation's second assassinated president, commissioner James R Garfield of the bureau of corporations, investigates Standard Oil, and he's definitely reading muckraker Ida tarbell's work. Garfield junior's over 500 page report helps TR push the interstate commerce commission, strengthening Hepburn Bill, and leads him to conclude that this oil empire's leaders are, quote, the biggest criminals in the country. The federal government brings suit that November. By summer of the following year, 1907, the federal government and half a dozen states have suits going against Standard Oil. Then, in 1910, well into William Howard Taft's presidency, the infamous New Jersey based corporation goes before the Supreme Court. The following year, on May 15th, 1911, scotus upholds the lower court's decision that Standard Oil must disband. There's a bit of irony in this ruling. First, the shattering of John Rockefeller's empire not only comes as international competition as ramping up from the royal Dutch Shell group in Anglo Persian oil company, but the aging businessman just gets richer as the value of the fragmented companies shares soar. He and Andrew Carnegie now appear to be in a philanthropy contest. Second, the ruling isn't the resounding victory the most radical of reformers want. Relying on the rule of reason doctrine, the court doesn't endanger all combinations or trusts. Just those that nebulously are, well, not reasonable. Justice John Marshall Harlan is not a fan of the subjective rationale. And while he agrees with breaking up Standard Oil, he descends over the court's use of it. And when his colleagues vote to break up the American tobacco company that very same day, he again sent for the exact same reason. But all that said, it is the outcome less than radical progressives like teddy wanted. Although he pursued 44 antitrust actions as president, teddy made it rather clear he isn't anti business or anti wealth. Capital, labor, whatever and whoever, he just wants every American to get a square deal, rather than deal with bullies. And to TR, Standard Oil was a bully. A natural disaster. A failed New York State effort at food regulation. A successful federal effort at food regulation. The Boston of another trust let's square this all up. Flying at 30,000 feet, this mosaic of American experiences under the T Roosevelt administration shows us a nation taking a halting step toward a more empowered federal government. San Francisco expected no federal aid, yet most supported teddy as he extended federal regulation in a significant way to monitor meat packing. Meanwhile, the Supreme Court seems unsure of its footing. We saw scotus break up J Pierpont Morgan's northern securities in the last episode, then give master baker's the win in lochner V New York in today's episode with both decisions coming in through a tepid 5 four vote. And although the court showed more confidence in its breakup of Standard Oil and American tobacco, the rule of reason rationale keeps things hazy and unclear. It seems the post second industrial revolution United States and its institutions are lurching toward what they hope but aren't sure are the answers. At the dawn of a new century. In keeping our eyes on the changes rot by the second industrial revolution are key. This nation of 75 million that reaches from sea to shining sea and with overseas imperialism beyond, is trying to grapple with unprecedented in size global corporations and what that means for the average American and the republic. The world has seen wealthy corporations, but never like this. So what does it mean for representative government? Whether your team Ida tarbell or team John Rockefeller, that question is at the core of her investigation. Related, progressives are also wondering if the second industrial revolution created personal fortunes can threaten representative government and the individual liberty of others. Hence, teddy ending his muckraker speech by floating the idea that immense wealth perhaps shouldn't be passed on. As he put it, quote in their entirety of those fortunes swollen beyond all healthy limits. Okay, but what is a healthy limit? And no surprise that that qualifier, we know this blue blood in New Yorker isn't a socialist, we heard him in the last episode explain that he fears the evils of both, quote, law defying wealth and dreadful radicalism, but beyond that, how would this federal tax he suggesting work anyway? I mean, back in 1895, the Supreme Court ruled a short lived income tax unconstitutional. Well, according to Mark Twain, TR is to give you one last quote. Ready
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"France. Long fascinated with the French Revolution's leading women, Ida hoped to support herself with articles while writing a biography of her at the time, heroin. The salon running, revolutionary intellectual, madam Roland. Talk about an enormous gamble. While Ida had the forethought to get some assurances of interest in her articles from American publications before moving to the other side of the Atlantic, the freelance life brings no guarantees. And doing so as a woman, well, let's just say that with few exceptions, everyone in her life told her she was nuts. Yet Ida went for it, and after 6 weeks in the city of lights, she sold her first article for $6. Living hand to mouth, freelance writing items reputation for excellent pros, analysis, inaccuracy, only grew. Then, in 1892, an energetic man with a bushy mustache showed up at her door. Sam McClure Sam was starting a new magazine and wanted her to write for him. It took some coaxing, but as anyone who knows him can tell you, Sam's a charmer. As the 1890s wore on, McClure's magazine published her carefully researched biographies on emperor Napoleon, then Abraham Lincoln. As a result, the magazine circulation almost doubled. But now, as the Spanish-American War is quickly won and the U.S. enters the 20th century, Sam McClure wants to apply his magazine's investigative journalism to a pressing issue. Corporate trusts. And as he considers the biographical nature of the mother of all trusts, Standard Oil, which is essentially the life story of John Rockefeller, who better to make the story of this trust a readable, narrated history than his oil country originating biographical writer Ida tarbell. Well, I'd have certainly has thoughts on Standard Oil. The 1872 Cleveland massacre left an indelible impression. Her father still struggling. She's game, though many others worry for her. Friends back in Titusville, fear Standard Oil will make her pay if she does. Fearing Standard Oil will take down McClure's, her father, Frank cautions. Don't do it, Ida. They will ruin the magazine. And as she begins her research in 1901, a banker beholden to Standard Oil, likewise, warns Ida at a Christmas party that the company is concerned. Still, item moves ahead, traveling the nation's scouring Standard Oil seemingly endless court records and congressional reports while her 27 year old research assistant John sadal does the same in Cleveland. Then, as Ida's first drafts are coming together, her boss, Sam McClure, comes very news. Seems his friend, Samuel Clemens, AKA Mark Twain, his friends with Standard Oil VP, Henry Rogers. And if Ida wants, Mark Twain can arrange an interview.
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"Course, John has a different take. Huh. Sounds like we have a little to unpack here. Let's start by recalling that we made John Dee's acquaintance back in episode 97. And here's a quick refresher. John's con man father and devout baptist mother, both contributed to him becoming a hardworking money focused God fearing youth. Leaving New York for Ohio while still a teen, the rail thin transplant started in bookkeeping, then threw himself into the region's burgeoning oil scene when that became a thing. He saw success with oil during the Civil War, incorporated Standard Oil in 1870, and then made a slew of acquisitions when the south improvement company, or as I see for short, came into existence earlier this year, 1872. Ah yes, the SIC. In brief, it consists of three railroads. The Pennsylvania, the New York central and the Erie, and a few select oil companies, including JD Rockefeller Standard Oil. The idea as stated above is that the railroads raise shipping rates on oil companies but take care of those few in the club or frankly cartel through rebates and drawbacks. Word of SIC in its forthcoming plans leaked in February, 1872. And as we witnessed in Ida's account, this terrified independent oilman. Now the SIC plan is soon foiled. Pennsylvania lawmakers hear their oil producing constituents lamentations and revoke the company's charter that April, but it's too late. JD has already bought out 22 of his 26 terrified Cleveland area competitors. Thereby securing more than 25% of the nation's refining capacity. Historians will eventually dub Jon's quick, massive acquisitions in these few weeks, the Cleveland massacre. But John doesn't see himself as an ogre massacring independent oilman. On the contrary, he views himself and Standard Oil as the region and industry savior, keeping things profitable for all by preventing overproduction. Further, John pays handsomely for his buyouts in cash if requested, though he encourages sellers to take payment and Standard Oil stock. If they do, John promises, your family will never know what. He welcomes talented former independence into the Standard Oil fold as employees. And as for accusations that he used the SIC to pressure independent oilman to sell, he strongly denies this. all makes it hard, if not impossible to believe the SIC didn't factor in, but that's John's take. And those who sold to him are generally happy they did. By the end of the decade, JD's Standard Oil empire controls 90% or more of the nation's oil production, and the majority of its distribution. Indeed, their families will never know what. This Gilded Age high point for John and Standard Oil is where we left him in episode 97. But now that we're in the progressive era, let's continue their tail, but with a new companion. Titus vils, miss Ida tarbell. Standard Oil only keeps growing in the 1880s. But it's facing the same problem other second industrial revolution produced multi state American companies are. The lack of a federal incorporation law. To quote John D, our federal form of government, making every corporation created by a state foreign to every other state, renders it necessary for persons doing business through corporate agency to organize corporations in some or many different states in which their business is located. That does sound like a problem. But John's new and famously rotund lawyer, Samuel CT Dodd, has an idea. What if a single overarching group will call it a trust, held most or all of the stock for these various individual state entities. That would keep the company separate in the eyes of the states, yet align their goals and interests on the whole. Wow. Brilliant. On January 2nd, 1882, Sam Dodds lawyering skills gives birth to the Standard Oil trust agreement. By the years end, John Rockefeller and 8 other lesser trustees are sitting in New York City running a trust that holds no property yet holds the stock to pull the strings on 40 technically separate companies. Damn. Other interstate companies quickly follow suit. Oh, no wonder this decade ends with the Sherman antitrust act. As the noted biographer of notable Americans Ron chernow puts it in his book on JD, quote so many companies duplicated the pattern over the years that one can say with pardonable exaggeration that the 1882 trust agreement executed by Standard Oil led straight to the Sherman antitrust act 8 years later. Yet, as we know from the last episode, this law is more bark than bite. And even as Ohio's attorney general comes after Standard Oil for violating its state charter with this nearly a decade old trust system in 1890, the company finds a new found love for New Jersey, which recently decided holding companies are just fine. Thus, when Ohio Supreme Court rules in 1892 that John's trust empire must go, Standard Oil simply incorporates a new and the garden state. Check and mate, Ohio. Approaching the turn of the century, Standard Oil is a global behemoth, with a multi armed octopus like reach, securely grasping the nation in the world. At least, that's how the famous puck magazine founder and political cartoonist udo Kepler depicts it. Though, John D. Rockefeller's mostly out of the picture by this point. The undeniably brilliant tycoon has experienced a nervous breakdown. And while he keeps the title of president, JD's effectively retired and working hard at giving his wealth away. Sounds like John Dee has both revolutionized the business world and become a praiseworthy philanthropist. But hold that thought. Ida tarbell isn't so sure it's accurate. It's been more than a quarter century since Ida saw her father return to their Titusville home a broken man that fateful night in 1872. He struggled on. She's accomplished much. Aida becomes a trailblazer by enrolling at nearby Allegheny college in 1876. This institution started accepting women during the Civil War, but they were still few and far between. Ida absorbed every subject from the sciences to languages served on the student's newspaper editorial staff, but then graduated as the only woman in the class of 1880. She spent two years teaching up Poland union seminary in Ohio, but found that wasn't her thing. Returning to Pennsylvania, the dark haired 20 something college grad found work at the middle class oriented educational magazine, the chautauqua. I had a first edited and annotated, but in time, she began doing some of the writing. This gig held for several years, but after a fallout with editor Theodore flood, the Intrepid 34 year old made a dairy move in 1891. She decided to go full on freelance writer, working from Paris,
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"Hog that had just been killed cleaned washed and started on its way to the cooling room, fall from the sliding rail to a dirty wooden floor and slide partway into a filthy man's privy. It was picked up by two employees, placed upon a truck, carried into the cooling room and hung up with the other carcasses. No effort being made to clean it. With their stomachs and knots, James and Charles are thinking Upton got some things right. Something must be done. When teddy submits Charles and James reports to Congress, he urges immediate and drastic reform. A bill is already in the works, but he nonetheless writes to Congress on June 4th, 1906. The conditions shown by even this short inspection to exist in the Chicago stockyards are revolting. It is imperatively necessary in the interest of health and of decency that they should be radically changed. The meat packing industry's allies in Congress pushed back on James and Charles during congressional hearings. The duo more than hold their own, though, and by the end of the month, Congress passes the pure food and drug act, as well as the meat inspection act. federal government is now empowered to inspect and regulate meat packing houses, and we have the first version of the FDA. The jungle didn't help the cause of socialism as Upton Sinclair had hoped. It did gross the nation out though, or as Upton himself puts it. I aimed at the public's heart, and by accident, I hit it in the stomach. Yeah, that's well put. Neither the nation as a whole, nor teddy are radical enough for socialism. Yet Upton's investigating and sleuthing yielded a novel that profoundly impacted the United States, bringing federal regulation oversight into the world of meatpacking. And as this federal law doesn't raise the same contract in questions as New York's big shop acted, it will stand. A year later, James Reynolds writes to teddy about the much improved conditions of this jungle. To use a TR ism, the president is delighted. A big victory for TR and progressivism. But we can't rest here. We need to visit with another investigative reporter. One who's raising questions about John Rockefeller's Standard Oil company. But it is such a demigod of industry even touchable. We'll find out, even if our investigation means going back a quarter of a century to the earliest days of the American oil industry. One more time. Rewind. American scandal is a podcast from wandering that takes you deep into the most infamous scandals in American history to see what drives someone to break the rules. I love the show. It's hosted by my dear friend and collaborator. Or given the subject, should I say my partner in crime? The podcaster not senator Lindsey Graham. You know the background music in HTTPS? Yeah, that's Lindsey's work. So if you enjoy my storytelling and style, it's hard to imagine you won't enjoy Lindsay's too. This upcoming season explores the unique, polarizing global impact of Edward Snowden. When this young NSA contractor leaked thousands of documents outlining secret mass government surveillance, did that make him a hero on patriot or a traitor? Who was he? What made him tick and how did he get caught? Explore all of this with my good friend, Lindsey Graham, on American scandal. Listen to American scandal, Snowden, on Apple podcasts, Amazon music, or you can listen ad free by joining wondery plus in the wondery app. Bombas mission is simple. Make the most comfortable clothes ever and match every item sold with an equal item donated. So when you buy bombas, you are also giving to someone in need. And it feels good to give. Just ask bombas. They've done it over 50 million times, but when you do so by buying bombas, it also feels good, literally. With their soft fabric and invisible seams, bombs t-shirts are peak comfort. They're my go to perfect fitting t-shirts, and they're famous socks for every bit as comfortable too, especially when I'm going for a run. 5 miles into pounding the pavement on a hot summer's day, there's just no substitute for bombes sweat wicking yarns. Trust me. So do yourself and someone in need a favor. Go to bombas dot com slash HTTPS and use code HTTPS for 20% off your first purchase. That's BAS dot com slash HTV S and use code HTTPS to check out. Bombas dot com slash HTV S code HTS. It's February 25th, 1872. We're in the growing and prosperous western Pennsylvania town of Titusville. It was here in August 1859 that a mister Edwin Drake, AKA the colonel, dug the first oil well that gave rise to the American oil industry. In the little more than a decade since then, Titusville has proudly helped to provide the American people with the grease that keeps new industrial machines moving, and the kerosene that illuminates the night. And you know, why wouldn't the good people of Titus will be proud? Just take in this town. Walking its streets were greeted by happy families coming and going from their beautiful homes. Children playing merrily or studying studiously in their new, finally built schoolhouse. Men riding beautiful magnificent horses along immaculately kept roads as they go according to the towns available ladies. There's even an opera house. Titusville is the embodiment of what you and I might call the American Dream. At least it was. Until now. The following morning, February 26th, the oilmen of Titusville opened their newspapers and read to their horror that the railroads are doubling rates on all independent oil outfits. The lone exception to this increase, members of the newly formed south improvement company. They'll be exempted from the jacked up costs through rebates. More than that, they'll get paid in drawbacks from the fees incurred by non participating independence. What? This isn't a fair market. It's dishonest. Unjust. 3000 of Titus feels proud oilmen, quickly descend upon the opera house. With their grim expressions, they carry banners conveying their range. Down with the conspirators for each one, no compromise declares another. Still more evoked classic lines of American courage and grit. Voting those famous last words of the war of 18 12s mortally wounded naval officer James Lawrence. Don't give up the ship. Seated in the massive opera house. They listen to speaker after speaker denounces this evil plot. Men pledge not to sell out. They won't give up the ship. In the days to come, they and other nearby producers form the petroleum producers union. They petition their state legislators to revoke the south improvement company's charter. The group asks Congress for an interstate commerce bill, and they boycott by reducing their own output. But the oil men soon learn whose pockets are deeper. And it isn't theirs. Then a matter of weeks, independence in the region cave to the pressures of the south improvement company. Many are doing so by selling to the Cleveland Ohio based Standard Oil company. One unspecified night amid these gloomy weeks, a tall teenage girl with dark wavy hair, Ida tarbell, takes note of the change that's come over her father, Frank. The proud oil man announces that he will not sell to the Standard Oil company. To this Cleveland ogre as he calls its owner. But the resolved man will never be the same. Never again, we'll either hear her father laugh, joke. Play his jaw harp and sing. Instead, he'll stress, struggle. Mortgage the family home to cover business expenses and be heartbroken in the years to come when his business partner commits suicide.
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"Former governor then descends from cotton shake hands with the mining. So goes a typical day in william mckinley front porch campaign rather than storm across the country to rally up the voters. The republican candidate is leading voters. Come to him and they definitely come over the course of the campaign. Roughly seven hundred fifty thousand americans from across the nation. Make the track to the mckinley. Halmi canton ohio to hear him. Speak against his free silver democratic opponent william jennings bryan. The republican will continue to assail. The democratic will over the free silver issue. Will mckinley loads what he sees. As will brian stirring up divisions and making class warfare to quote the ohio republican on another front porch occasion my countrymen the most un-american of all appeals observable in this campaign is the one which seeks to array labor against capital employer against employee. Basically william m doesn't want this to turn into a campaign of main street verse wall street but that dynamic is definitely taking shape with particular thanks to his own campaign manager and republican national committee. President mark hanna. Working out of new york mark leans into the class division rhetoric as he courts donations from industrial titans. This produces serious results the tycoons or robber barons whom we've come to know quite well pony up john rockefeller's standard oil donates. Two hundred fifty thousand dollars. John himself throws in another two thousand five hundred. The barren of banking j pierpont morgan donates. Another two hundred fifty thousand dollars to the republican cause and those still reeling from the panic of eighteen ninety three and the pullman strike various railroads managed to muster another one hundred seventy four thousand all in all with donations from business tycoons pouring in daily the republican campaign spins about three point five million dollars by comparison. The democrats raise a measly three hundred thousand dollars to put that another way. John rockefeller and his company alone gave will mckinley. The rough equivalent of eighty percent of will brian total campaign budget. And that will go a long way toward shoring up. The republican candidate not leaving his front porch. Look we'll mckinley isn't stupid will. Brian is a brilliant speaker. I mean striking crucifix. Pose while making a tasteful jesus reference that skill and that's why along with considerations for his wife. Ida's health will. Mckinley isn't about to go toe to toe. Travelling the country he bluntly tells his campaign manager. Mark hanna. I cannot take the stump against that man. It's a smart play but also one that will mckinley can make in part with massive war chest with that capital. The republican hires one thousand four hundred speakers to go across the country stoking. Fear that o'brien administration will mean the destruction of american business. Industrial leaders threatened close down if the great commoner as will brian has called gets elected which scare some workers into thinking twice about voting for the democrat. The republicans also published one hundred twenty million pieces of campaign literature as well as newspaper articles attacking brian. The mckinley campaign even suggests that the young nebraskan isn't just for free silver but a true radical an anarchist. Just like the protesters at the hey marketed decade. Back sound stacked. But it's not like william jennings bryan doesn't have his supporters grover cleveland style bourbon. Democrats now called gold democrats peeling off but will. Brian is seen real success. Rallying democrats all over the south and west while some industrial workers fear. Brian's policies will lead to their place of employment getting shut down. The unions counted out with support in fact october meeting with workers. In new york's union square. Some even call him quote the new messiah. The light of the world the fearless tribune. Of the people william jennings bryan close quote moreover. The populist party joined the democrats in nominating will brian. He gets support from the significantly. More radical eugene debs to eugene rights to the democratic candidate quote. You are at this hour. The hope of the republic close quote and so the very different candidates campaign and they're very different ways. we'll. Mckinley gives front porch speeches and relies on mailers and hired speakers. Will the free silver messiah. Brian leans on his rhetorical skills. The young nebraskan travels over eighteen thousand miles on four nonstop railroad trips. Giving five hundred seventy speeches between august and november. He averages eighty thousand words a day drawing thousands of listeners in up to twenty three speeches a day which is more effective. We'll find out shortly but one thing is certain regardless of who wins between big business financing and across country speaking tour a new era has begun an american presidential elections..
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"Sure enough john's right. Tom scott makes cuts and when his employees and pittsburgh have already been dealing with the economic downturn still places eighteen seventy three and other countries in years. Well hit a breaking point in july. We get the great railroad strike. Eighteen seventy seven. I detail the strike to you in the open episode. Ninety one train men refuse to let good ship and national guard is called in confusion rings. Some shots are fired. Civilians children die in the people respond by putting the flame. Pennsylvania's property ultimately destroying thirty nine company buildings one hundred four engines in over two thousand train cars across three miles. And now you know that one of the layers behind the cuts that led to this strike and the forty deaths. That followed was. Tom scott's power struggle against john. Rockefeller and john now. He controls all shipping on all the railroads and his any fan of monopoly. Board game knows that's always a winning strategy by the end of the eighteen seventies. john controls over ninety percent of oil production in the us and he can transport it at any reasonable rate. He wants basically he's a king but like the once untouchable cornelius vanderbilt. John d. rockefeller will yet find. There's someone who can quite literally give him a run for his money. Ironically enough that challenge will come from the men t of his vanquished foe. Tom scott a scottish immigrant by the name of andrew canadian but to appreciate his rise needed. Dial back the clock one more time. Here we go rewind you hear that. That's the sound of my sleep number. Three sixty smart bed adjusting into more of a lounge chair position. So i can read in ridiculous comfort while in bed. And that's not all it can do. This a different precept position for watching tv relaxing or sleeping in zero g and of course we have partner snore. Yes if my wife starts snoring in her sleep one little tap on my smartphone and her side of the bed will gently raise her to an inclined won't disturbers slumber but might help me gets mine. Okay let's be honest. She'll probably use that one on me before i'll use it on her in fact maybe she has. I wouldn't know once i settle in with my sleep. Number set to a comfy thirty five. It's pretty hard to wake me. Proven quality sleep is life changing sleep. Save up to nine hundred dollars on sleep number three sixty smart pets plus special financing for a limited time only at sleepnumber stores or sleepnumber dot com slash https disclaimer subject to credit approval. Minimum monthly payments required see sleepnumber dot com for details and now back to the story. Many of us are walking around with black cloud of credit card debt hanging over our heads. Forty percent of americans are stuck in a cycle of debt because of high interest rates especially on credit card debt. If you need to break that cycle upstart is here to help. Upstart wants to empower you to take charge of that debt. And pay it off faster with a low interest rate whether it's getting those pesky credit cards pay down. Consolidating multiple high interest debts. Were getting a personal loan. Upstart looks at everything. Not just credit score to find the interest rate that works for you. It just takes a five minute online rate check and you can see what rate they have for. You loans can range from five thousand to fifty thousand dollars in funds can be transferred as fast as the next business day find out. How upstart can lower your monthly payments. Today when you go upstart dot com slash hdd https. That's upstart dot com slash. Ats don't forget to use our url to let them know we sent you. Loan amount will be determined based on your credit income and certain other information provided in your loan. Application go to upstart dot com slash each tvs. It's a chilly autumn day. Eighteen fifty nine in altoona pennsylvania. While we know. Tom scott will get crushed in later years. Going toe to toe with. John rockefeller today. He still an up and coming employee of the pennsylvania railroad. he's just returned home from philadelphia where his interview. With the pennsylvania's president j edgar thomson resulted in a promotion. Indeed thomas moving up from a railroad general superintendent to vice president this does mean however. The sideburn wearing thick haired. Tom has to move to philadelphia. That leaves a lingering question. What will happen to andy. Carnegie born the son of a struggling handloom weaver and scotland. Andrew carnegie or andy to those close to him immigrated with his penniless family to pittsburgh back in eighteen forty eight when he was twelve years old. It was so broke and he had to get right to work but he quickly moved up from his father's world of textiles into the telegraph game. He excelled here so much. So that when. Tom scott decided he needed his own telegraph and assistant in eighteen fifty three. He offered the gig to the fair featured. Strong job seventeen year. Andy proved more than capable in the years. The followed in fact one time. When tom wasn't around and things got hectic andy even took it upon himself to issue orders in his boss's name in short andrew carnegie has more than shown his worth in after six years of working together. It'll be a real shame for tom. To part with his right hand man in understandably andy's quite nervous what will happen to him and his career if his mentor. Tom has to philly well. Tom's invited young scotsman over to talk about that very thing. Now a barrel chested barely over five foot tall twenty-four-year-old and enters and takes a seat across from tom in the latter's home. Tom tells him about his interview and impending promotion. That will require moving to philadelphia. There will be other changes to tom. Explains that mr. Ethnic lewis will be promoted to replace him. General superintendent of the railroad here. Now tuna andy realizes. His future is up in the air. You listened eagerly as tom continues now about yourself. Do you think you could manage the pittsburgh division. Is he kidding. Pittsburgh is a major division of the railroad. A boomtown with plenty of business. That was tom's job. When the two i met some pretty big shoes to fill. Then andy answers. I think icon. Well mr potts's is to be promoted to the transportation department in philadelphia. And i recommended you to the president as his successor. He agreed to give you a trial. What salary do you think you should have salary. What do i care for salary. I do not want. The salary i walked position is going to go back to the pittsburgh division in your former place you can make my salary just what you please any not. Give me any more than what. I'm getting now. You know. I received fifteen hundred dollars a year. When i was there. Mr potts is receiving eighteen. Hundred i think it would be right to start you at fifteen hundred dollars and after a while if you succeed you'll get the eighteen hundred. Would that be satisfactory. Oh it will. Tom just doubled andy salary. On december first. Eighteen fifty nine young scotsman is officially appointed superintendent of the pennsylvania. Railroad's pittsburgh division not bad for an immigrant whose family has struggled at the bottom of increasingly industrialized textile economy bands. Not done yet. In fact he's just getting started. Unbeknownst to andy his move to pittsburgh is going to put him in exactly the right place.
History That Doesn't Suck
"john rockefeller" Discussed on History That Doesn't Suck
"Oil exact just as he did with the colonel or is he pressuring unfairly breaking smaller competitors then forcing them to accept their fate as mere feudal lords in his growing empire. His critics say it's the latter although the sec never goes into play because word of the nefarious plan produces such a national outcry that the state of pennsylvania revokes its charter. It's quite a coincidence that john's twenty two acquisitions happen. During the few months this threat existed john will later a lawsuits that he never mentioned the sec during talks with sellers. Probably true just says it's true. His offers were generous. But none of this is mutually exclusive. Sellers likely knew about the looming threat. Ese posed to them and rationally saw they had little choice but to bend the knee and kissed the rockefeller ring. While it's impossible to ever know exactly how nefarious or innocent these dealings were the press calls it a ruthless takeover. They dub john's mir months-long acquisition of almost every cleveland refinery as the cleveland massacre. And yet the gaunt his businessman is done over the next several years. John acquires most of the refineries in other states as well the devastating financial panic of eighteen. Seventy three that. I described during our introduction to the gilded agent episode ninety one leaves the smaller ones ripe for the taking by eighteen. Seventy five. John controls most of pennsylvania's refineries and begins a takeover of the oil business in both new york and west virginia. No one expected this from the son of a traveling snake-oil salesman of course deeply religious john attributed success to god. I believe the power to make. Money is a gift from god to be developed and used the best of our ability for the good of mankind. Having been endowed with the gift i possess i believe is my duty to make money and still more money and make money does even the vanderbilts take notice the famous if not infamous. Cornelius vanderbilt aka. The commodore unawed his domination of steamships before conquering new york. Railroads has long been the king of american capitalism. He's the oh of business tycoons if you will no one ever dictated terms to him until he dealt with four decades younger john d. rockefeller the commodore son william vanderbilt. A steely predicts quote. He john will become the richest man in the country. Close quote yes he will and when he does he'll be dethroning the vanderbilts but he's not there yet i john has to do battle with a few major railroads. They're war begins with the invention of a new weapon. The tank car fearing that oil is being refined faster than the already expensive barrels in which they're transported can be made. John invests in railroad cars that are effectively. A massive tank of oil wants developed standard oil outfits. All the main railroad cars. It uses the new york erie pennsylvania and so on. John now owns the very cars. Railroads are using. He even charges them when they use his cars to transport oil from competing refineries combine that with the new pipelines. John is developing so he can cut out the railroads altogether for standard. Oil's victory over the railroads after all between the size of standard oil and now this tank car slash pipeline infrastructure. The railroads need. John rockefeller more than he needs them. Line after line capitulates to the oil tycoon taking over their oil shipping operations including cornelius. The commodore vanderbilt's new york central. This just one major. Hold out tom. Scott.
My First Million
"john rockefeller" Discussed on My First Million
"That is such a huge mistake. And i think it's a huge mistake for for one major reason to major reasons. One it makes you feel so good to do that. Even you know no one has to know. But i guess i'm breaking that room tone but people but The second thing it can like giving away money. I think we'll make you earn more. So john rockefeller was famous he. He actually gave ten percent of his income every single year. Starting at age twelve the year he started making money he always gave it away. We talked to We joke about mormons. They do this a ton. A lot of christians they tithing. That's ten percent. I don't know how different other i don't know. How other religions do i'm sure each religion has their version of this. We should totally give more and we don't and it's kind of it. I think it's wrong I i like kinda convinced myself. I'm like well. If i i'll just tip a lot which is like kind of bullshit. It's not entirely bullshit but it's half bullshit. We should totally give more. We don't give nearly enough and that's the story whenever it the stories. I'm like i wanna get wealthier just to do this. There's a guy who What was the guy's name in san francisco. There was this amazing article was it was called the billionaire. Who gave it all way. You know what i'm talking about. His name was patrick Patrick feeney i think is this patrick. Feeney look it up so anyway. Chuck feeney so he created basically the stores that you off memory. I read his book. Awhile ago he's ninety years old. He currently lives in san francisco. I'm reading this The billionaire billy of the week on chuck feeney. I remember you brought up fini the billionaire. Who wanted to die broke and is now and did it. It basically and he's now worth two million dollars at his height along. Somebody wrote a book called guy with zero or something that a different..
Scale The Podcast
"john rockefeller" Discussed on Scale The Podcast
"We'd look at five we're fighting. We're so similar in what we'd look for what we do and it's like john rockefeller you. Every day his executive team they do a daily huddle every day. That's over lunch. It's mandatory is executives. Have to eat lunch with them every day. And that twenty houses daily huddles. What's going on this department. This department accomplishing things. You know and one meeting. So when ages we come back agents and really incorporating the va. Okay number one message. I want to make sure that we're we're we're giving is i. How much time do you working on your business I say it should be twenty five percent of your work. Yeah you're working hours a week. Then she'll be twelve and a half whatever thirteen four whatever that comes to okay and it should be every single day and what pieces of your business so when it comes to incorporating as it's about doing an analysis of your current team that you have and what are your plans for growth so have you told me that we have to dumb it down during during these hang out you. Have you ever demographics of your average client. Like how many transactions our average client does. Do you have any of that. Yeah i mean. We do client questionnaire when they initially call in. So every we know their revenue and their units. But we don't update it so we we have just their initial think we ought to really know who our clients are and what their revenue is. We have eight hundred so it would be.
WNYC 93.9 FM
"john rockefeller" Discussed on WNYC 93.9 FM
"With us now to talk about some of the live music that's beginning to return to our world. Was no coincidence that when Governor Cuomo had his re openings news conference on Monday, he did it at Radio City Musical Radio City itself, he announced will reopen at full capacity for vaccinated audience members on June 19th. The governor will aid a bit of history about the beloved music hall. He said. It was built by John Rockefeller when in the middle of the Depression. Why? Because we were in the middle of the Depression and Rockefellers vision was, let's build something that inspires and shows hope. So now on to some of today's music events and venues that inspire hope with our summer tunes tour guide John Schaefer. Do as many of you know is host of W N Y. C s new sounds. Hey, John. Welcome back to the show. All right, Brian, how you doing? Good, and I'll remind people we had you on back in march to talk about music starting up again. But now it's really starting up. So what changed in just the past couple of months in terms of the kinds of things that are being announced. Well with, you know, outdoors. Outdoor events have just sprung up all over the tri State area. Um, what's unusual, Brian? Is that you know, when we spoke in March, you asked me about some of the Um, kind of summer destination places like Tanglewood in the Berkshires or SPAC up in Saratoga. And at the time you know, they were planning to take some of the things that have been canceled in 2020 and move them to the summer of 2021. Tanglewood. Um Which is the summer home of the Boston Symphony Orchestra, will in fact, have a Boston Symphony orchestra Syriza's in their outdoor sort of shed, But they're popular music series has been put on hold again, and many of those events now been moved to next summer to summer of 2022. So it's a very It's still a very fluid situation. But here in New York, if you want to go outside and here live music this summer, you will have many, many options. So let's get to some specifics. There are old bands and new bands touring and playing, so maybe some of our listeners will recognize this sound. Another day. I'm thinking about the father of your lie. Yeah, people. Will you recognize that song? It's Saturday in the.
KFI AM 640
"john rockefeller" Discussed on KFI AM 640
"And 6:20 P.m. 20 minutes after the hour. The pandemic has created some really interesting sidebar stories. One of the better stories is the donations that went to charity. In 2020, because the pandemic You had a historic health crisis. He also had a renewed reckoning over this racial inequities. And so the billionaires and I'm talking about the billionaire philanthropists here. And keep in mind. Americans are the most generous people in the world. That's one of the real aspects of America. That is one of the our better angels If you will. And, uh in 2019, these big billionaire donors gave away $16 billion in 2020, the year of the pandemic and racial unrest. Uh, the largest donors talk about the 50 largest owners gave away $25 billion. I mean, that's a hell of an increase. And so you had Jeff Bezos pledging $10 billion to combat climate change with his Bezos Earth fund. McKenzie Scott, his ex wife, donating almost five billions to hundreds of nonprofits. Jack Dorsey, You may not know his name, but he had a little company he founded called Twitter. Hey, set aside stock about a billion dollars worth of stock to the pandemic to help the pandemic. And also this was the first year with $5 billion plus commitments, one of them Mike Bloomberg, former mayor and you've heard of the Bloomberg Financial. That's his company, and he's worth $50 billion. Phil Knight, who founded All right. Hey, founded Reebok or No, No, he founded Nike, Phil Knight and I mean, this is spectacular, But here's the problem. There really is a catch when someone is contributing when a donation is made bays owes gave away $50 billion right or $5 billion. That's a commitment that It could be that the charity won't see for 30 years. And the news covers it like here's the donation. It really doesn't work that way. Or here's another one Bill and Melinda Gates through their foundation gave $2 billion to some project in Africa, or let's say, realistically, $500 million. So therefore it's their donation. Well, is the foundation That they started 15 years ago that they funded and this year they actually gave $175 million. Now, That doesn't mean that that's not a huge chunk of money. But what it means is if the foundation gave a couple of billion dollars doesn't mean that they have and they did give years ago, but it's a question of double dipping. In terms of these enormous donations Now, I don't want for a second to have you think that these air not incredible donations. The whole philosophy. Incidentally, of the new billionaire philanthropists concept is and Bill Melinda Gates started. This is that you give away most of your wealth. I mean, do you really have to hand your kids $3 billion? I once interviewed Warren Buffett son. And I said So. When your diet dies, I mean, my God, you're gonna be in the billionaire class, because are you kidding? Are you out of your mind? If if my brothers and my sisters and I see a million dollars each, it'll be a miracle. We don't expect a dime from our father. And that's not because the father hates them. It's not because Warren Buffett hates them. He just believes you have to make your own life. It's that simple. You make your own life. And his son. I think it's Peter Isa pre successful filmmakers Documentary filmmaker, but he's like any other documentary filmmaker. So where's Warren Buffett? Somebody gonna go? It's gonna go to Cherry and I'll tell you something, I think is more interesting. He's not setting up the Warren Buffett Foundation. He's giving all of his money. We're talking about $50 billion. When he dies, he's giving that to the Bill and Melinda Gates Foundation. And why. And this is Warren Buffet. Which is why he's such a visionary goes. Why am I gonna start a foundation? Why am I going to do all the infrastructure? Why am I going to be hiring all of these people? When Bill and Melinda already done that? I'll just give their foundation all the money. I mean, the Bill Melinda Gates Foundation has hundreds of employees. I mean, it's no small deal. I mean, it's the largest foundation I think on the planet. And the philosophy is truly to give away most of your wealth. And that's fairly new that there have been individuals who in fact have created foundations of Ford Foundation, the Rockefeller Foundation where John Rockefeller actually set up a charitable foundation that gave way most of the money or some of the money, the Carnegie Foundation that At Carnegie gave Actually he what? He did very interesting. What Carnegie did A turn of the last century is all over the country. You'll see Carnegie libraries. He donated the buildings. To the towns. And said, I'll give you the building. You buy the books. And so all of these Carnegie buildings. Extraordinary guy is a Scot who came the United States dirt poor, but the point is, is today It's not just John Rockefeller and Ford and Andrew Carnegie. It's Many, many billionaires now it was difficult to become a billionaire. But you had, you know, quote billionaires in those days James asked her. Uh, excuse me, Vanderbilt. Who was the richest man at one point, um Commodore Vanderbilt. It didn't set up any foundation all went to his family's So it's a different philosophy is really good. I I really like the way people who make this kind of money, I say. Okay, You know what? My kids don't need it. I've made it. I'm doing a good job, and now it's time for me to give a payback. Actually lovely concept coming up foodie Friday Valentine's Day meal also its Lunar New Year tonight, and look that Let's look at some traditional food. This is all coming up, Kate. If I am 6 40 Jennifer, Hundreds of thousands of seniors will need to be vaccinated before Orange County starts giving shots to teachers and food workers..
Biz Talk Radio
"john rockefeller" Discussed on Biz Talk Radio
"You want answers, too, but mostly just drifting office doing blankly at the wall. It's the big biz show with Russ and sewing. Yeah, there's gonna be a recall. Not just in our state, but I think in other states too, it's getting off. I think there is. I think that I honestly I mean, I could be wrong combat with Charles, I gotta answer that. But One question we were talking about is in California and Rescue Calif. Dot org's is the name of the Web site. If you wanna get involved in it, they're still collecting signatures. Rescue Calif. Dot or g'kar. One of the questions is, if there's gonna be hundreds of names on the recall. How do they choose to do you have any idea how they choose? That word, of course, is randomly generated but vote by some geographical territory. So s so you'll have balance that between me and you will look different because the wrongly generated names are listed different Who's on top of my ballots? Not gonna be the same guy on top of your ballot standard. No, it's always random. But whenever even if there's only three running, they randomly generate that, and it's not the same for three around this. Oh, that could mess things up quite a bit. If you gotta keep turning the page to find your favorite Yeah, well, that's exactly right. Hey, Tom, let's turn the corner from California real quickly to go. What's going on in Washington? Obviously, you've got a censorship issue. Obviously, Donald Trump is there's rumblings about Donald Trump, starting his own social media, starting to sound network. And then of course you have what's going on in the executive branch of the government talk talk. From top down and tell us what you're seeing here and what we can expect here going forward. My last op ed in the epic times was about how Biden was already feeling and, you know, Presidents have two jobs to be president, You know, signed documents meet foreign leaders, but their second job is to get a hold of their party and move it down and in a single direction. He's not capable of that. We see this the impeachment he doesn't want to Pete impeachment and that could derail his 1st 100 days. He's not in control of a O. C. And so on her faction of the party, the Bernie Sanders playing even though Bernie spoke well of him today, saying he's off to a good start. That's a scary thought or anything. Sanders, the Socialist thinks that the president, the United States is often good start, so he's not gonna be in control of his party. And that's a physical thing, too. I mean, you have to be very energetic in order to do this sort of thing. So obviously behind the scenes, people are running this administration having him sign things. It's not clear to me that you know it's it's next to impossible. How, because of how much they want presidents to do good and bad. I mean, I'm not for presidents doing everything and not for Congress, doing everything. They should go sit at home and leave us along. But the point is that the by administration is stumbling out of the blocks. The sum of its major initiatives are really not well received. The unions didn't like to cutting off of the pipeline. Suburban mothers don't like his transgender. Rules for women's sports, and by the way, well, that's constitutional on a business basis. So, boy, we have set our friends to the north with this with this oil decision. You wanna break that down for us from the real quickly come absolutely look. That pipeline has always which goes from candidate to Louisiana, New Orleans, where refineries are and stops in between the point of which was to take Canadian oil habit. Refined and then exported in the United States and around the globe pipelines are far safer than trucks on the road. That has always been true. Just ask John Rockefeller, which is why he created these pipelines..
550 KFYI
"john rockefeller" Discussed on 550 KFYI
"And now they're saying he's saying they're completely shutting his business. They all worked together to make sure the same time we would lose access to not only are apt, but they're actually shutting all of our servers off the night off the Internet, so they made an attempt to not only Kill the apse, but to actually destroy the entire company. Destroy the entire company. And that is primarily because it is a conservative. It was a place for conservatives to socialize. It was a social media platform for conservatives. Big Tex said. Nope. We don't like that You're gone and it wasn't even necessary. For conservatives. It kind of became that because they just don't filter speech. Now. That also means there was some troubling things that were said and shared on parlor. But there's also very troubling things said on Twitter and Facebook and every other Social media company that's out there, so that being said This is remember John Rockefeller. I can remember what year it was. At one point, he controlled 90% of the oil in the United States of America. I brought him up because that's too much power. He controlled all the prices he could have shut down the country if he wanted. There's too much power in the hands of one person. Same thing is happening here, but they're doing in a conglomerate basis, but it comes down to Facebook. It comes down to Twitter, and it comes down Amazon and this realm in a bunch of others, too. But the power that these three companies yield Especially when you yielded together to shut down speech to shut down dissent. I understand that you want to take violence off your platform. I understand that. But those platforms have not been good at it when it's been the last four years of Not just Democrats saying, but some fringe groups or whatever, advocating it. All of a sudden, you're like, Well, now we got to do. That's the disingenuous part of this, and we've see where this is going. And that is the danger of this power monopoly, especially when you have Democrats now. Essentially, they have a power monopoly in Washington with the White House in nine days with the House. With the Senate Whenever the Georgia senators get in because you have Kamila Harris is the tie breaking vote. Now that's not a sure thing. But the trend is going. This power is going to combine into Emperor Palpatine like sort of power. Where they control the flow of information. They already control the school flow of information inside schools and what education kids were getting. And now they're gonna control the government flow and the tech flow. That is a monopoly. We gotta figure out how to break up and it's not going to get broken up under this current incoming, stupid this incoming administration because the tech giants were the ones that were funding to do, it's a millions of dollars. Lot of their campaigns, and I mean all of them. The margin of contribution is blinding the gap. I'm talking a few 1000 to the Trump's side 456 million to the Biden side, and those are just from the heads of these organizations. So They understand the monopoly. They have the reason why they do. That simply is so the Democrats won't take them down. Break them up where they going to do. I don't need a million dollars to your campaign. You're not going to take me down and they know that they don't want to, because they love exactly what the tech is doing. They would actually calling for this for years, so finally big text coming around, and that's what we warned about what would happen. In the last week. We told you this is what's gonna happen. First is gonna be the perch. Next is gonna be the hearings because that's going to come next. Probably in February. They're gonna do Cem Cem feign concern about the virus and getting the vaccine out and they're gonna build that up. And then somewhere, maybe March, maybe April, when some of the vaccine starts gets rolling out like now we can get back to the work of the people we're gonna call in. Big tech heads for little meeting little subpoena Virtually, of course, then you'll turn the other media. They're going to focus on Fox News and talk radio, and they're gonna keep going with this and they're gonna make it a platform. For nothing else to serve as their 2022 plants. At least the ground work of this. They're going to try to tie everything conservative to the violence to the breach of the capital. To try to taint everything that we stand for and look from a strategy standpoint. I understand why they're doing it. We have to come up with the counter strategy like if you go to cave, why dot com Right now, you can see Democrats themselves using incendiary language like Cory Booker, senator from New Jersey, former presidential candidate He said, Get in the face of people from Congress. Kind of what people did on Wednesday. Maybe they were fun. Cory Booker's advice, not Donald Trump's advice. I don't know. How do you draw the line? Where do you draw the line? This is it's going to get interesting for the tech giant's because the Democrats want to They want to control the Internet. As a utility. They want to have full control of the Internet, and they will then want to regulate social media. Just like they regulate newspapers and the the radio media that you're listening to right now. Regulate this The FCC. They would love for that because the majority of Americans are getting their their news. Through social media. And that's this platform that they will stand on. And then understand Nancy Pelosi's 80 something years old, the leadership of the Democrat Party in their eighties. They don't care. They got elected there. One last ride by the social media companies. They got it. They got reelected. They don't care what happens to them afterwards and they would love to take them down because it Z just it is the D C way. Do seize state of the state speech. Don't worry, we It was a snoozer, but we'll make it entertaining for a tour. We've got that coming up next rustling 105 50 K of why I listen. It is essential to have in a state plan in Arizona. And here's why, if you don't have one, everything that you worked for your life's legacy will be determined. In a courtroom. Don't put your loved ones through that pain plan Ahead with Phelps LeClair go to pl.
WTMJ 620
"john rockefeller" Discussed on WTMJ 620
"100 WTMJ five day forecast for the date Today cloudy skies High 30 to tonight more clouds lows dropping down to 20. Borrow mostly cloudy and breezy, high. 32 Tuesday cloudy high of 36 on Wednesday. Mostly cloudy, mild and breezy high. 38 Thursday then cloudy with a chance for scattered rain and snow showers High of 39. Out Madison. It's 23 degrees 22 in Green Bay Locker shot 23 in Milwaukee 24 degrees here, the latest news here, But when you can't listen, get all the details on stories you might have missed at wtmj dot com. I'm Tony about exciting, unlimited wtmj news time 807. And I'm living Collins of very good Sunday morning for you, too. You will be with you the next couple hours. Endless Cancel region Morning is let's to talk about today. I'll tell you about that in just a moment. But it is Sunday, January 10th the 10th Day of 2021. Joining us is always our trusty producer. Isaac Mark Court is here to take a morning, Isaac. Good morning, Libby. How are you? I'm really well and even better, because I just noticed it's national bittersweet Chocolate Day. Oh, I like that. Oh, I love that and then to top that off now, either love him or you hate him. It's also national oysters. Rockefeller Day I am on the hate them camp. Unfortunately, and I'm just the opposite. I'll tell you nothing like a great oyster Rockefeller to start your day or maybe ended. Okay. In addition, it is National Sunday's supper Day. That's the second Sunday in January of every year, well, Understanding streets on January 10th and 17 76 Thomas Paine published the very first issue of Common sense in 18 70. John Rockefeller. John D. Rockefeller incorporated Standard oil, which led of course to Amoco and eventually BP in 1911 Major. Jimmy Erickson took the very first photograph from an airplane. He was flying over San Diego. Then in 1920, the League of Nations ratified the treaty of Rhys I that officially ended World War one in 1946. On this day, the first meeting of the U. N the Nash, the United Nations General Assembly. Took place. There were 51 nations represented at that meeting In 1951. Another plane story, Donald Howard Rogers piloted the first passenger jet. On a trip from Chicago to New York. Then in 1963, the Cubs became the first baseball club to hire an athletic director. His name was Robert Whitlow in 1971 on this state Masterpiece Theater premiered on PBS. With host Alistair Cooke and the introduction drama Syriza's was called the First Churchill's in 1984, the United States and the Vatican established full diplomatic relations. It was for the first time in more than a century. Uh, they're looking at media in 1990 on this state time Incorporated Warner Communications completely. $14 billion merger that new company Time Warner was the world's largest entertainment company. 1994 0. Here's a name from the past Lory Loretta Bobbitt. Loretta Bobbitt. Well, she went on trial of Manassas, Virginia. She had been charged with them, Let's say, maliciously wounding her husband. But guess what she was acquitted by reason of temporary insanity is understand 2000 that Time Warner going back to them agreed to by America Online. It was known as a O L. And the Federal Trade Commission approved the deal on December 14th of 2000. But it took him almost a year, but they eventually merged for $162 Billion.1 more airplane story for you. Isaac in 2001. American Airlines agreed to acquire most of T W A for about $500 million that brought an end to the Trans World Airlines that had been started by Howard Hughes. And finally on this day one year ago. Did you ever see the movie? Bullitt? I said, I have not tell me about it. 00 you have to. I mean the scenes in San Francisco where that Ford Mustang is the one up and down the hills and, you know, sort of Flying off of it. It's a great movie. Well, the Ford Mustang. From that 1968 Steve McQueen movie was sold for $3.4 million at the Mickum auctions in Kissimmee, Florida. All right. If you celebrate a birthday on January 10th. There were a number of other people born on this day, including rape culture, You know, it was a scarecrow in the Wizard of US Thieves. Ballplayer Willie McCovey was born on this day Actor sell, many of which sport on the state movie director Walter Hill. And also a great musician who died way too early in a plane crash gym coach he was born on this day.