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Does crime pay?
Wall Street Crime and Punishment is a weekly series by Benzinga s Phil Hall that chronicles the bankers, brokers and financial ne’er-do-wells whose ambition and greed takes them in the wrong direction.
Joseph P. Kennedy was one of the most controversial figures in business and politics during the first part of the 20th century. Most people today might recognize him as the patriarch of the dynasty that had a profound impact on government, but the methods that he used to build his business empire deserve attention for this series.
An Outsider Standing Out: Kennedy was born in Boston in 1888, the eldest son of Patrick Kennedy, a first-generation Irish-American who made his fortune in saloon ownership and investments and became an important figure in the city’s Democratic Party machinery.
Decades of toxic leaks at NASA s Michoud site have cost millions to clean up
stripes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from stripes.com Daily Mail and Mail on Sunday newspapers.
The origins of the Liberty Ship can be traced to a design proposed by the British in 1940. Seeking to replace wartime losses, the British placed contracts with US shipyards for 60 steamers of the Ocean class. These steamers were of simple design and featured a single coal-fired 2,500 horsepower reciprocating steam engine. While the coal-fired reciprocating steam engine was obsolete, it was reliable and Britain possessed a large supply of coal. While the British ships were being constructed, the US Maritime Commission examined the design and made alterations to lessen coast and speed construction.
This revised design was classified EC2-S-C1 and featured oil-fired boilers. The ship s designation represented: Emergency Construction (EC), a length of 400 to 450 feet at the waterline (2), steam-powered (S), and design (C1). The most significant change to the original British design was to replace much of the riveting with welded seams. A new practice, the use of welding decre
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Alabama Shipyard is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, religion, sex, national origin, age, disability, genetics or any other protected characteristic as outlined by federal, state, or local laws.
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Founded in 1916 by D. R. Dunlap, our Gulf Coast shipyard first began as the Alabama Dry Dock and Shipbuilding Company. It was one of the original nine emergency yards funded by the U.S. Maritime Commission during WWII, becoming one of the largest employers in Southern Alabama while producing Liberty Ships and T-2 Tankers for the war effort.
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When the United States entered World War II in December 1941, it faced a shortage of merchant mariners. With supplies in desperate needs overseas a massive sealift would require not only a huge fleet of cargo ships, but the seafarers to sail them. This opened the door a bit to black mariners for a range of shipboard jobs. One of the most dramatic stories of this era involved shipmaster Hugh Mulzac.
Born in the British West Indies in 1886, Mulzac went to sea after high school, sailing on British vessels. He later attended the Nautical School in Swansea, in the United Kingdom, earning a mate’s license. He sailed as a ship’s officer in World War I, and came to the United States, becoming a citizen in 1918.
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