Youngstown State University Oral History Program O.H. 1062 Charles J. Carney
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
NYO-Property-Group-Resume.Pdf
PROPERTY MANAGEMENT RESUME ABOUT NYO PROPERTY GROUP Our history. Our commitment. Our future. In 2010, Dominic J. Marchionda, a local developer As the two entities began to hear and learn raised in Youngstown, Ohio announced the opening more about each other, they realized their of a student housing project, the Flats at Wick, in visions for the City of Youngstown and their the heart of Youngstown State University (YSU). respective development plans were aligned. With each entity owning a significant share During this project, Dominic spent a great deal of of downtown real estate in close proximity time in and around the downtown and campus of each other, they began to understand the areas where he would recognize the once value for their businesses and the community prominent buildings that towered over him as a in collaboration versus competition. Soon young boy shopping with his mother on Saturday thereafter, a partnership was struck, forming afternoons, now sitting vacant and unattended. NYO Property Group. NYO stands This project led to the acquisition of three buildings for New York (NY) and Youngstown (YO) for a in the City Center: The Erie Terminal Building, Wick new Youngstown. Tower and Legal Arts Building. While the partnership understands the In 2011, Pan Brothers Associates, a real estate importance in preserving the industrial heritage investment firm led by three brothers out of New of Youngstown, they are both committed York, NY, and owners of several prominent and to revitalizing their inventory of historic historical commercial buildings in the downtown and prominent structures to help catalyze business district had begun to initiate a reinvestment and further development development plan for their real estate holdings in downtown Youngstown, Ohio. -
Download File
The Financial System and Global Socioeconomic Cbanges Yuichiro Nagatomi Occasional Paper No.4 Yuichiro Nagatomi is President of the Institute of Fiscal and Monetary Policy, Ministry of Finance, Japan This paper originated as a lecture given at the "Regulating International Financial Markets: Issues and Policies" conference, held at the Waldorf-Astoria Hotel in May, 1990. The conference was sponsored by the Center on Japanese Economy and Business and the Center for the Study of Futures Markets at Columbia University, the Institute of Fiscal and Monetary Policy of the Ministry of Finance, Japan, and the Foundation for Advanced Information and Research (FAIR), Japan. Occasional Paper Series Center on Japanese Economy and Business Graduate School of Business Columbia University June 1990 I have a few comments on some recent changes in financial structure and also changes in the effects of monetary policy which perhaps need more discussion. 1. Socio-Economic Structure Changes: "Softnomization" The industrialized countries - the United States, Japan, and Europe - attained modernization and industrialization after the Industrial Revolution. In recent years, their socio-economic structures have been changing in a way we call "softnomization". In pre-modern times, people lived with nature's cycle - the "path of nature" or the "soft path". The "path of mechanization and automation" or the "hard path", pursued in the process of modernization and industrialization has blessed mankind with material affluence. It also has brought about "global environmental problems and maladies to advanced nations, such as drug use and other urban crimes, and it has deteriorated the vitality and quality of the society. "Softnomization" means a softening of the hard path, by seeking harmony between the "hard path" of modern times and the "soft path" of pre-modern times. -
Speech: Would More Regulation Prevent Another Black Monday?, July 20, 1988
u.S.Securities and Exchange Commission [N]@\Wl~ Washington,D. C. 20549 (202) 272-2650 ~@~@@~@ WOULD MORE REGULATION PREVENT ANOTHER BLACK MONDAY? Remarks to the CATO Institute Policy Forum Washington, D.C. July 20, 19.88 Joseph A. Grundfest Commissioner The views expressed herein are those of Commissioner Grundfest and do not necessarily represent those of the Commission, other Commissioners, or Commission staff. WOULD MORE REGULATION PREVENT ANOTHER BLACK MONDAY? Remarks to the CATO Institute Policy Forum July 21, 1988 Joseph A. Grundfest It's a pleasure to be here this afternoon to deliver an address on such a noncontroversial topic. Government regulators in Washington, D.C. have a well deserved reputation for dancing around difficult issues and not giving straight answers to simple questions. Well, I'd like to prove that I'm not your typical Washington, D.C. regulator and give you a straight answer to the question, "Would more regulation prevent another Black Monday?" The answer is an unequivocable yes, no, and maybe. The answer also depends on what you mean by more regulation and why you believe the market declined on Black Monday. With that issue cleared up, I'd like to thank all of you for attending and invite you to join the reception being held immediately after this speech. Thank you very much. It's been a pleasure. Actually, the question of whether more regulation could prevent another Black Monday is not as difficult as it seems, if you keep three factors in mind. First, it is important to distinguish between fundamental factors that initiated or contributed to the decline, and regulatory or structural factors that may have unnecessarily exacerbated the decline. -
October 19, 1987 – Black Monday, 20 Years Later BACKGROUND
October 19, 1987 – Black Monday, 20 Years Later BACKGROUND On Oct. 19, 1987, “Black Monday,” the DJIA fell 507.99 (508) points to 1,738.74, a drop of 22.6% or $500 billion dollars of its value-- the largest single-day percentage drop in history. Volume surges to a then record of 604 million shares. Two days later, the DJIA recovered 289 points or 16.6% of its loss. It took two years for the DJIA to fully recover its losses, setting the stage for the longest bull market in U.S. history. Date Close Change Change % 10/19/87 1,738.70 -508.00 -22.6 10/20/87 1,841.00 102.30 5.9 10/21/87 2,027.90 186.90 10.2 Quick Facts on October 11, 1987 • DJIA fell 507.99 points to 1,738.74, a 22.6% drop (DJIA had opened at 2246.74 that day) o Record decline at that time o Friday, Oct. 16, DJIA fell 108 points, completing a 9.5 percent drop for the week o Aug. 1987, DJIA reached 2722.42, an all-time high; up 48% over prior 10 months o Today, DJIA above 14,000 • John Phelan, NYSE Chairman/CEO -- Credited with effective management of the crisis. A 23-year veteran of the trading floor, he became NYSE president in 1980 and chairman and chief executive officer in 1984, serving until 1990 NYSE Statistics (1987, then vs. now) 1987 Today (and current records) ADV - ytd 1987 (thru 10/19): 181.5 mil ADV – 1.76 billion shares (NYSE only) shares 10/19/1987: 604.3 million shares (reference ADV above) 10/20/1987: 608.1* million shares (reference ADV above) Oct. -
YOUNGSTOWN STATE UNIVERSITY ORAL HISTORY PROGRAM the Depression INTERVIEWEE: JOHN MANNING INTERVIEWER: Cynthia Marsh SUBJECT: Th
YOUNGSTOWN STATE UNIVERSITY ORAL HISTORY PROGRAM The Depression INTERVIEWEE: JOHN MANNING INTERVIEWER: Cynthia Marsh SUBJECT: The Depression DATE: November 27, 1995 CM: This is an interview with Mr. John Manning for the Youngstown State University Oral History Department. By Cynthia Marsh at 2509 Cardinal Drive, Youngstown, Ohio on November 27 at approximately 1:25 pm. CM: Mr. Manning could you please tell me a little bit about your family and where you grew up? JM: I grew up, well I was born and raised on Kensington Avenue, 1440 Kensington Avenue, and it was four houses from McKinley School. There were seven children in our family, but two died young. They died during the flu epidemic. My dad and mother were born in Ireland. I couldn’t understand why they made it so tough during the Depression; it didn’t seem to bother them. Then when I would visit Ireland and see the conditions that they were used to, living in America was a picnic compared to what they had. They had all outside toilets, for some reason, no running water and a dirt floor. The conditions that they were used to compared to what we had in America was like a picnic and that is why it didn’t seem to bother them. My dad was out of work for four and a half years during the Depression. They had the soup kitchens down in old St. Columba Hall and even though anybody could go down there, all they had to do was bring a pail down to the hall and they would give you a great big pail of vegetable, hot vegetable soup. -
The 100 Most Important American Financial Crises an Encyclopedia
The 100 Most Important American Financial Crises An Encyclopedia of the Lowest Points in American Economic History Quentin R. Skrabec Jr. Q GREENWOOD AN IMPRINT OF ABC-CLIO, LLC Santa Barbara, California • Denver, Colorado • Oxford, England Contents Preface xiii Acknowledgments xv Introduction xvii 1676—Bacon's Rebellion 1 1703—Tobacco Depression 4 1719—Mississippi Bubble 6 1733—Molasses Act 9 1749—Colonial Hyperinflation and Currency Deflation 12 1750—IronAct 15 1762—Colonial Recession 17 1764-1765—Sugar Act, Currency Act, and Stamp Act Boycotts 19 1772—Credit Crisis 22 1776—War Financing Crisis 24 1781—Currency Deflation and Inflation 28 1790—Debt Assumption, Debt Retirement, and Expanding the Economy 31 1792—Panic 33 1794—Whiskey Tax Rebellion 37 1796-1797—Panic 40 1800—Trade Interference by Barbary Coast Pirates 43 1807—Economic Embargo and Depression 45 1812—War of 1812 48 vii viii | Contents 1816-1819—Economic Warfare and Dumping by Great Britain 51 1819—Panic 53 1820s—Cotton Recession 56 1825—British Panic and Its American Impact 58 1828—Tariff of Abominations 60 1833—Andrew Jackson Closes the Bank of the United States and Lowers Tariffs 63 1837—Panic and Six-Year Depression 66 1847—Panic 69 1848—Gold Rush Boom and Bust 71 1850—Whale Oil Shortage: The First Energy Crisis 73 1854—Panic 76 1854—Deel ine of American Canals 78 1857—Panic 81 1861—Civil War Economics, Shortages, and Inflation 83 1862—Union Blockade and Inflation 85 1869—Grant's Recession 88 1873—Panic and Global Depression 90 1877—Great National Railroad Strike 93 1880s—New -
The Rising Thunder El Nino and Stock Markets
THE RISING THUNDER EL NINO AND STOCK MARKETS: By Tristan Caswell A Project Presented to The Faculty of Humboldt State University In Partial Fulfillment of the Requirements for the Degree Master of Business Administration Committee Membership Dr. Michelle Lane, Ph.D, Committee Chair Dr. Carol Telesky, Ph.D Committee Member Dr. David Sleeth-Kepler, Ph.D Graduate Coordinator July 2015 Abstract THE RISING THUNDER EL NINO AND STOCK MARKETS: Tristan Caswell Every year, new theories are generated that seek to describe changes in the pricing of equities on the stock market and changes in economic conditions worldwide. There are currently theories that address the market value of stocks in relation to the underlying performance of their financial assets, known as bottom up investing, or value investing. There are also theories that intend to link the performance of stocks to economic factors such as changes in Gross Domestic Product, changes in imports and exports, and changes in Consumer price index as well as other factors, known as top down investing. Much of the current thinking explains much of the current movements in financial markets and economies worldwide but no theory exists that explains all of the movements in financial markets. This paper intends to propose the postulation that some of the unexplained movements in financial markets may be perpetuated by a consistently occurring weather phenomenon, known as El Nino. This paper intends to provide a literature review, documenting currently known trends of the occurrence of El Nino coinciding with the occurrence of a disturbance in the worldwide financial markets and economies, as well as to conduct a statistical analysis to explore whether there are any statistical relationships between the occurrence of El Nino and the occurrence of a disturbance in the worldwide financial markets and economies. -
City of Youngstown Police Department's Weed and Seed
City of Youngstown Police Department’s Weed and Seed Strategy Year Four Evaluation Report Project Manager: Heidi B. Hallas, BSAS Research Associate I/Evaluator Youngstown State University Center for Human Services Development Student Assistants: Julie Robinson, Student Assistant Susan Skelly, Student Assistant Center for Human Services Development Ricky S. George, MS, Associate Director Center for Human Services Development April 2004 TABLE OF CONTENTS Introduction…………………………………………………………………………………….1 Methodology…………………………………………………………………………………...1 Weed and Seed Partnerships-Linkages………………………………………………………...2 Highlights………………………………………………………………………………………5 Law Enforcement Goals………………………………………………………………………..6 Community Policing Goals…………………………………………………………………...23 Prevention/Intervention/Treatment Goals…………………………………………………….27 Neighborhood Restoration Goals……………………………………………………………..41 Conclusion……………………………………………………………………………………44 APPENDIX…………………………………………………………………………………...47 Appendix One - Community Survey Results…………………………………………………48 Appendix Two - Business Survey Results……………………………………………………68 Appendix Three - Block Watch Survey Results……………………………………………...79 Introduction The Center for Human Services Development at Youngstown State University was contracted by the Youngstown Police Department to conduct a program evaluation of the Youngstown Weed and Seed Strategy. The purpose of the evaluation is to provide data for those involved with the Weed and Seed Strategy in order to determine the overall strengths and weaknesses of the program. The goals of -
Financial Catastrophe Research & Stress Test Scenarios
Cambridge Judge Business School Centre for Risk Studies 7th Risk Summit Research Showcase Financial Catastrophe Research & Stress Test Scenarios Dr Andy Skelton Research Associate, Cambridge Centre for Risk Studies 20 June 2016 Cambridge, UK Financial Catastrophe Research 1. Catalogue of historical financial events 2. Development of stress test scenarios 3. Understanding contagion processes in financial networks (eg, interbank loans) - Network models & visualisations - Role of central banks in financial crises - Practitioner model – scoping exercise 2 Learning from History Financial systems and transaction technologies have changed But principles of credit cycles, human trust and financial interrelationships that trigger crises remain relevant 12 Historical Financial Crisis Crises occur periodically – Different causes and severities – Every 8 years on average – $0.5 Tn of lost annual economic output – 1% of global economic output Without FinCat global growth could be 4% a year instead of 3% Financial catastrophes are the single greatest economic risk for society – We need to understand them better 3 Historical Severities of Crashes – Past 200 Years US Stock Market Crashes UK Stock Market Crashes 1845 Railway Mania… 1845 Railway Mania… 1997 Asian Crisis 1997 Asian Crisis 1866 Collapse of Overend… 1866 Collapse of Overend… 1825 Latin American Crisis 1825 Latin American Crisis 1983 Latin American Debt… 1983 Latin American Debt… 1837 Cotton Crisis 1837 Cotton Crisis 1857 Railroad Mania… 1857 Railroad Mania… 1907 Knickerbocker 1907 Knickerbocker -
Scandals and Abstraction: Financial Fiction of the Long 1980S
Scandals and Abstraction Scandals and Abstraction financial fiction of the long 1980s Leigh Claire La Berge 1 1 Oxford University Press is a department of the University of Oxford. It furthers the University’s objective of excellence in research, scholarship, and education by publishing worldwide. Oxford New York Auckland Cape Town Dar es Salaam Hong Kong Karachi Kuala Lumpur Madrid Melbourne Mexico City Nairobi New Delhi Shanghai Taipei Toronto With offices in Argentina Austria Brazil Chile Czech Republic France Greece Guatemala Hungary Italy Japan Poland Portugal Singapore South Korea Switzerland Thailand Turkey Ukraine Vietnam Oxford is a registered trade mark of Oxford University Press in the UK and certain other countries. Published in the United States of America by Oxford University Press 198 Madison Avenue, New York, NY 10016 © Oxford University Press 2015 All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, without the prior permission in writing of Oxford University Press, or as expressly permitted by law, by license, or under terms agreed with the appropriate reproduction rights organization. Inquiries concerning reproduction outside the scope of the above should be sent to the Rights Department, Oxford University Press, at the address above. You must not circulate this work in any other form and you must impose this same condition on any acquirer. Library of Congress Cataloging-in-Publication Data La Berge, Leigh Claire. Scandals and abstraction : financial fiction of the long 1980s / Leigh Claire La Berge. pages cm Includes index. ISBN 978-0-19-937287-4 (hardback)—ISBN 978-0-19-937288-1 (ebook) 1. -
Market Crises and Dodd-Frank: Does the Act Protect Against Hazardous Student Loan Securitization?
2018-2019 STUDENT LOAN SECURITIZATION 869 MARKET CRISES AND DODD-FRANK: DOES THE ACT PROTECT AGAINST HAZARDOUS STUDENT LOAN SECURITIZATION? MORGAN TANAFON* Abstract This note evaluates whether the provisions of the Dodd-Frank Act’s Title IX effectively protect the markets from the threat of predatory and toxic securitization through the examination of the student loan asset-backed securities (SLABS) market. Much of Title IX specifically addresses the dangers inherent in mortgage-backed securities, but are other risky forms of asset-backed securities suffi- ciently guarded against? This paper will compare two market crises: the 2007–08 crisis and the Black Monday crash of 1987 to identify some commonalities, detail how SLABS are formed and sold, and examine how effective the central protections of Title IX have been in preventing risky securities investing. The results lead to a determina- tion that the main reasons that the financial crisis of 2007–08 occurred have either not been addressed, have not been implemented, or have been circumvented. In order to guard against another securities-related financial crisis, the Dodd-Frank Act will need significant amendment and reform. * Boston University School of Law (J.D. 2019). The author wishes to thank Professor Rory Van Loo and Wyndham Hubbard for inspiring the paper topic, and Professor David Webber for his invaluable guidance. 870 REVIEW OF BANKING & FINANCIAL LAW VOL. 38 Table of Contents I. Introduction ........................................................................... 870 II. Background: Market Crises and Dodd-Frank ..................... 872 A. The Black Monday Crisis: The First Great Global Market Crash ........................................ 873 B. Dodd-Frank’s Protection Against Future Market Crises ................................................. -
Ohio Luck Times 1985-1986 Government Directory
Ohio luck Times 1985-1986 Government Directory Published by me Ohio Trucking Association _ a different kind of downtown tavern i 190 7323149 66 Lynn Alley between Third & High 224-6600 Open Monday thru Friday 11am to 11pm Full Menu served until 10pm Free hors d'oeuvres Friday night "Best Spread in Columbus" says Columbus Monthly Private Banquet Rooms Available ^iwfe^::^ ••••••,..-==g "•'r^'mw.rffvirrr-'i-irii w» Dhto luck Times BHT )lume 34 Number 1 Welcome from the 71 Winter 1985 Ohio Trucking Association OHIO TRUCKING ASSOCIATION The tenth edition of the Ohio Truck Times Government Direc Published biennially in odd-numbered tory is out, and we thank you for your patience. Our goal is always to years publish the directory as close to the opening of each Ohio General PUBLICATION STAFF Assembly as we can while also creating the most complete reference Donald B. Smith, Publisher guide possible. Somewhere between the two lie many last-minute David F. Bartosic, Editor changes, appointments, assignments and other delays. I hope it was worth the wait. EDITORIAL AND BUSINESS OFFICES Almost 20 years ago the Ohio Trucking Association began this directory with photos and biographical sketches of Ohio legisla Suite 1111 tors. Since then, we have expanded it to include not only those who 50 West Broad Street make the laws, but also those who administer them. Obviously Columbus, Ohio 43215 there are many state officials under this aegis, many more than we Phone: 614/221-5375 could accommodate with this issue. ASSOCIATION STAFF New additions for this biennium include members of the Pub lic Utilities Commission, the Industrial Commission and Bureau of Donald B.