The firm, Drexel Burnham Lambert, that specialized in using junk bonds to fund 1980s corporate takeovers marked the beginning of a new decade by filing for bankruptcy on February 13, 1990.
The company had defaulted on more than $100 million in loans.
It was late 19th-century cold cereal developer C. W. Post, whose creations included Grape-Nuts who said, “All I have I owe to advertising”.
The Kentucky Derby, the Preakness (begun at Pimlico, Baltimore, in 1873), and the Belmont (begun in 1867 at Jerome Park, New York; now held in Belmont Park, New York) make up the Triple Crown. Sir Barton in 1919 first won the Triple Crown.
The 1928 novel Lady Chatterley’s Lover by British writer D. H. Lawrence was one of the top-selling novels of 1959, the year the ban on its publication in the U.S. was lifted.
The middle names of the following U.S. Presidents are: Dwight D. Eisenhower—David Gerald R. Ford—Rudolph James A. Garfield—Abram Ulysses S. Grant—Simpson Warren G. Harding—Gamaliel Rutherford B. Hayes—Birchard James K. Polk—Knox Ronald W. Reagan—Wilson
Seoul was occupied by the North Koreans twice during the Korean War. The capital of South Korea fell to invaders from North Korea in June 1950, inciting President Harry Truman to commit American troops as part of United Nations forces sent to repel the invasion. U.N. forces recaptured Seoul on September 26, only to be…
There were three pioneering suburban housing developments bearing the Levittown name: the one in Hempstead, New York, in the late 1940s; one near Philadelphia in the 1950s; and one in New Jersey in the 1960s.