Plunges and a financial panic gripped the world. This land is your land this land is my land from california to the New York Island i have but one desire, and that is to see my country again on the road to prosperity. This land was made for you and me let me assert my firm belief that the only thing we have to fear is fear itself. By the time Franklin Roosevelt gives his march 1933 inaugural speech, almost a quarter of the nation is unemployed. More than 5,000 banks have failed and drought is persisting in key agricultural areas of the country. Coming up in the next hour, stories from the Great Depression as we take you around the country to places like toledo. And then in 1931, five of the six largest banks in toledo all failed at the same time, which made it the largest banking failure of the Great Depression. Two successful Infrastructure Projects of the time still impacting us today. And to one ending in tragedy. Well take you to saint paul where depression gangsters and the corrup
Your people must have faith. In the 1920s, toledo was the Fastest Growing manufacturing city in america. In some, ways it was the Silicon Valley of today. The auto industry, cutting edge technologies, they were all centered here at the time. As a result, the Manufacturing Base was going gangbusters. Toledo seemed to be one of the brightest economic spots on the whole american map during a decade that was a decade of prosperity. Then, in 1931, the entire house of cards collapsed. And five of the six largest banks in toledo all failed at the same time. That made it the largest banking failure of the Great Depression. The Banking Industry here was perhaps more corrupt than other places. That contributed to its catastrophic collapse. Toledo was the 27th largest city in america. Its economy was rather diversified for a city of its size. It was an up and coming, major producer of automobiles. It had one of the largest Automobile Companies producing cars here. But it was also a city that had
Political price to pay. President trump also getting down to business while he prepares his plan to address the issue of racism, policing, and the evolving opinions of america. What should we expect to hear from him . I have one of his top advisors coming right up. All that and so much more on making money. Charles i want to begin the show with the notion of always having to assign a reason to every move in the market beyond the idea of more buyers or sellers or more sellers than buyers. What makes this happen is sometimes pretty obvious what makes the market go around but sometimes it is a mystery. But its also reported as fact as the Financial Media is typically echoing the same talking points, but those talking points are often generated somewhere and often have nothing to do with fact or even honest opinion. Yesterday i got to admit, i was livid at the notion that the market sold off on a quote unquote spike of covid19 cases. The so called spike wasnt even close to numbers in recen
That the only thing we have to fear is fear itself. By the time Franklin Roosevelt gives his 199033 speech, a quarter of the nation is unemployed. 5000 banks have failed and drought is persisting in key agricultural areas of the country. You people must have faith. Coming up in the next hour, stories from the Great Depression as we take you around the country to places like around the country to places like toledo. The banking failure of the Great Depression. 26 for Infrastructure Projects of the times impacting us today. And to one ending in tragedy. We will take you to st. Paul where a depression era gangster and the corrupt police force strike a bargain. We will explore the impact of programs like the civilian conservation corps, as we go to kansas outside of amarillo, texas. We would not have a park here if it were not for the corp. And we will learn about the people who were hit hardest, and their tails. When the sun comes shining announcer we take a trip to toledo, ohio. In the 1
Vaccinations, he expects just the opposite for covid19 vaccinations. Covid19 has a case fatality rate ten times higher than influenza. If and when we have a safe and effective vaccine, we will see people lining up. My guess is that even antivax people will be lining up to get a vaccine because of the fear. His team ranks california as above average when it comes to Overall Health and safety. And the latest cdc data backs that up. For certain vaccinations like the measles, mumps and rubella vaccine. According to an abc7 analysis, california ranks above the national average, with more than 96 of the population receiving the mmr vaccine last year. And dr. Sepulveda says its necessary for trends like that to continue as soon as a reliable Covid Vaccine is available. This virus will not go away. Now we analyzed several different safety trends across the state. One that shows california ranks second in the nation when it comes to wearing seat belts. You can find it all over on our website, a