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Business & Investing Saturday August 13, 2011 The Forgotten Man: A New History of the Great Depression by Amity Shlaes   The Beneficent Hand January 1927 Average unemployment (year): 3.3 percent Dow Jones Industrial Average: 155 Floods change the course of history, and the Flood of 1927 was no exception. When the waters of the Mississippi broke through banks and levees that spring, the disaster was enormous. A wall of water pushed down the river, covering the area where nearly a million lived. Commerce Secretary Herbert Hoover raced to Memphis and took command. Hoover talked railroads into transporting the displaced for free and carrying freight at a discount. He commandeered private outboard motors and built motorboats of plywood. He urged the people who were not yet flooded out, such as the population around the Bayou des Glaises levee, to evacuate early, then rescued with the trains those tens of thousands who had ignored his warning. He helped the Red Cross launch a fund drive; within a month the charity had already collected promises of more than $8 million, an enormous figure for the time. Several hundred thousand ended up in new refugee camps, many planned, right down to the latrines, by Hoover and his team. Hoover asked governors of each state to name a dictator of resources—he used the word "dictator"—and the governors complied. The dictators then managed the dysentery and the hunts for the missing along the floodwaters in their states hour by hour. He and the Red Cross sent the refugees to concentration camps—a phrase not so freighted then as it is today—at Vicksburg, Delta, and Natchez. One hundred thousand blankets from army warehouses were shipped to warm the refugees. Things felt calmer on Hoover's watch. By mid-May, though the flooding was far from over, the anecdotes began to compete in the news with the reports of tragedy. Northerners read in Time magazine that a town called Waterproof, Louisiana, had not proven waterproof, and that its switchboard operators were still working—albeit from new posts, high up above the waters, on scaffolding. Not far from Memphis, Tennessee, bootleggers had also set up shop on high, in treetops. New babies were receiving flood names—Highwater Jones, Overflow Johnson. Now from Memphis, now from Little Rock, now from the Sugar Bowl, the itinerant flood manager, Hoover, wired or broadcast his analyses of the meaning of the disaster. Such flooding, he said, "is a national problem and must be solved nationally and vigorously." But the commerce secretary also spent a lot of time reassuring. The waters might hide the land, the crops might be lost, but the mood was now hopeful. More than any single figure, Hoover was succeeding in making Americans feel that the South would be all right again. Hoover was already so famous that his name was a verb—to Hooverize, after the efforts in food rationing that he had led from a post as Washington's food administrator at the end of World War I. Americans recalled that he had led the humanitarian drive to feed occupied Belgium during the war. Now Hoover had outdone himself—and on a home territory whose geographic area covered more than Belgium's. What the public liked about Hoover was their sense of him as guardian, that he would protect them and what they had. If Hoover could win the presidential election the following year, then he might hold back whatever waters of adversity threatened. He was a Republican, like the sitting president, Calvin Coolidge. He would pick up where Coolidge left off—though he might update things, for everyone knew that Hoover, a mining engineer, could do amazing things with technology. One of Hoover's neatest feats—and he pulled it off right around the time of the flood—was to acquaint the public with an early version of television. "Herbert Hoover made a speech in Washington yesterday afternoon. An audience in New York heard and saw him," the New York Times wrote in awe, adding that Hoover had "annihilated" geographic distance and commenting in a headline: "Like a Photo Come to Life." It was not yet modern television but wired images and the telephone combined. Still, the idea took hold in the minds of the reporters. Under Hoover, it was easy to believe that the 1920s were merely the American beginning. The idea of philosophical continuity from Coolidge to Hoover seemed ironic to one man: Calvin Coolidge himself. The two were party allies. Hoover had loyally campaigned for Coolidge in 1924—indeed, had helped to defeat a Coolidge opponent in 1924 in California to clear the Republican presidential nomination for Coolidge. But Coolidge did not especially like Hoover. In the very period when the Mississippi waters were rushing, in fact, Coolidge's press spokesman had taken an explicit shot at Hoover, telling reporters that the commerce secretary would not be considered for the job opening if the secretary of state happened to retire. The differences between the men had started with small things. Hoover was a fly fisherman. Coolidge fished with worms. Hoover liked the microphone. Coolidge shied away from it. After a landslide presidential victory in 1924 Coolidge had sent a clerk to read aloud his State of the Union address. Hoover ignored politics for the first thirty-five years of his life. Coolidge held his first office, that of city council member in Northampton, Massachusetts, at the age of twenty-eight, and had rarely been out of government since. Hoover was a mining engineer; Coolidge was a country lawyer. Hoover was a worldly American, a blend of regions and cities, the most successful in his field of his generation. He believed in the Anglo-American gold standard, not only because it had made him rich but because he had seen firsthand how it kept the world running, like a grandfather clock. Coolidge was a pure New Englander who seemed to re-create New England wherever he went. The very concept of "overseas" was a bit vague to Coolidge. The typical Republican of his day, he supported tariffs in the belief that they strengthened the United States. His failure to recognize the consequences of his policies, both abroad and for his country, was his greatest shortcoming. (Continues...)           BookDaily Top Five Heaven is for Real: A Little Boy's Astounding Story of ... A Dance with Dragons: A Song of Ice and Fire: Book Five In the Garden of Beasts: Love, Terror, and an American ... Eat to Live: The Amazing Nutrient-Rich Program for Fast ... The Girl Who Kicked the Hornet's Nest     Business & Investing Top Five The 7 Habits of Highly Effective People Reckless Endangerment: How Outsized Ambition, Greed, and ... The Total Money Makeover: A Proven Plan for Financial ... Who Moved My Cheese?: An Amazing Way to Deal with Change ... Endgame: The End of the Debt Supercycle and How It ...

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Dailyedition Digest, Vol 328, Issue 1

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Today's Topics:

1. Headlines for 2011-07-28 (sharky@humorfeed.com)
2. Headlines for 2011-07-29 (sharky@humorfeed.com)
3. Headlines for 2011-07-30 (sharky@humorfeed.com)
4. Headlines for 2011-07-31 (sharky@humorfeed.com)
5. Headlines for 2011-08-01 (sharky@humorfeed.com)
6. Headlines for 2011-08-02 (sharky@humorfeed.com)
7. Headlines for 2011-08-03 (sharky@humorfeed.com)
8. Headlines for 2011-08-04 (sharky@humorfeed.com)
9. Headlines for 2011-08-05 (sharky@humorfeed.com)
10. Headlines for 2011-08-06 (sharky@humorfeed.com)
11. Headlines for 2011-08-07 (sharky@humorfeed.com)
12. Headlines for 2011-08-08 (sharky@humorfeed.com)
13. Headlines for 2011-08-09 (sharky@humorfeed.com)
14. Headlines for 2011-08-10 (sharky@humorfeed.com)
15. Headlines for 2011-08-11 (sharky@humorfeed.com)
16. Headlines for 2011-08-12 (sharky@humorfeed.com)
17. Headlines for 2011-08-13 (sharky@humorfeed.com)

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Message: 1
Date: 28 Jul 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-07-28
To: dailyedition@humorfeed.com
Message-ID: <20110728040500.63709.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-07-28

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CAP News
Trapper Keeper Breast Pumps: Back To School Must
http://www.humorfeed.com/out/go.php?lid=27191
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TheSkunk.org
Bachmann Gets Endorsement Deal with Thorazine
http://www.humorfeed.com/out/go.php?lid=27187
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News Mutiny
F'd Up Family Circus
http://www.humorfeed.com/out/go.php?lid=27194
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The Satirical Political Report
Boehner Bows to Tea Party, Presents a Debt Ceiling FAN
http://www.humorfeed.com/out/go.php?lid=27195
*********************

The Sleaze
Did The Queen Pose Naked For Amateur Photographer?
http://www.humorfeed.com/out/go.php?lid=27193
*********************

DERF Magazine
Autopsy Report: Amy Winehouse died in 2004
http://www.humorfeed.com/out/go.php?lid=27192
*********************

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Message: 2
Date: 29 Jul 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-07-29
To: dailyedition@humorfeed.com
Message-ID: <20110729040500.42102.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-07-29

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TheSkunk.org
House Votes to Extend Hatred of Obama for Six Months
http://www.humorfeed.com/out/go.php?lid=27199
*********************

CAP News
Coffee Drinkers Less Likely To Dismember Neighbors
http://www.humorfeed.com/out/go.php?lid=27196
*********************

The Satirical Political Report
Obama Reportedly Willing to Embrace a '14th Amendment Compromise'
http://www.humorfeed.com/out/go.php?lid=27201
*********************

Wear Your Cape
Martin Scorsese to Film Remake of 'Raging Bull' with Nancy Grace
http://www.humorfeed.com/out/go.php?lid=27200
*********************

The World's Voice of Reason
Tuesdaygeddon: The End Of Capitalism, In Picture Bubbles
http://www.humorfeed.com/out/go.php?lid=27198
*********************

The Chicago Dope
What Will NASA Do Now?
http://www.humorfeed.com/out/go.php?lid=27197
*********************

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Message: 3
Date: 30 Jul 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-07-30
To: dailyedition@humorfeed.com
Message-ID: <20110730040500.86401.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-07-30

*********************
The Satirical Political Report
In Late Night Session, GOP Refuses to Pay Pizza Debts
http://www.humorfeed.com/out/go.php?lid=27204
*********************

The Chicago Dope
Rep. Joe Walsh Seeks Tax Breaks for Deadbeat Dads
http://www.humorfeed.com/out/go.php?lid=27203
*********************

The World's Voice of Reason
Aries Horoscope - Celebrity Chatter
http://www.humorfeed.com/out/go.php?lid=27104
*********************

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Message: 4
Date: 31 Jul 2011 04:05:01 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-07-31
To: dailyedition@humorfeed.com
Message-ID: <20110731040501.94616.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-07-31

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The World's Voice of Reason
Pisces Horoscope - MMA Tips And Tricks From The Planets
http://www.humorfeed.com/out/go.php?lid=27105
*********************

The Satirical Political Report
Dems Finally Get Creative In Battling GOP Debt Ceiling Madness
http://www.humorfeed.com/out/go.php?lid=27207
*********************

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Message: 5
Date: 1 Aug 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-01
To: dailyedition@humorfeed.com
Message-ID: <20110801040500.91869.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-01

*********************
The Satirical Political Report
To Avoid U.S. Default, Obama Set To Invoke the 18th Amendment!
http://www.humorfeed.com/out/go.php?lid=27208
*********************

CAP News
Twitter Expanding To 141 Characters
http://www.humorfeed.com/out/go.php?lid=27202
*********************

The World's Voice of Reason
The Most Accurate Funny Horoscopes In The World, August 2011
http://www.humorfeed.com/out/go.php?lid=27206
*********************

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Message: 6
Date: 2 Aug 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-02
To: dailyedition@humorfeed.com
Message-ID: <20110802040500.93597.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-02

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News Mutiny
Texas Governor Pulls Plug on Burn Victim Summer Camp Funding
http://www.humorfeed.com/out/go.php?lid=27205
*********************

The Satirical Political Report
Martial Arts Expert Amazed at Obama's Use of Jiu-JIU-Ji���tsu
http://www.humorfeed.com/out/go.php?lid=27211
*********************

Wear Your Cape
White House Pooch 'Bo' Will Handle Future Negotiations with Republicans
http://www.humorfeed.com/out/go.php?lid=27210
*********************

The Chicago Dope
Peyton Manning Admits to Just Waving His Arms Around Randomly Back There
http://www.humorfeed.com/out/go.php?lid=27212
*********************

CAP News
House, Senate Take 'No New Progress' Pledge
http://www.humorfeed.com/out/go.php?lid=27209
*********************

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Message: 7
Date: 3 Aug 2011 04:05:01 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-03
To: dailyedition@humorfeed.com
Message-ID: <20110803040501.31644.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-03

*********************
CAP News
Slots Still Open For Al Qaeda Summer Camp
http://www.humorfeed.com/out/go.php?lid=27213
*********************

The Satirical Political Report
GOP 'Lowers the Ceiling' on FAA Flights
http://www.humorfeed.com/out/go.php?lid=27215
*********************

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Message: 8
Date: 4 Aug 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-04
To: dailyedition@humorfeed.com
Message-ID: <20110804040500.35591.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-04

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News Mutiny
Home Owners Association Bans Stroke Victim
http://www.humorfeed.com/out/go.php?lid=27214
*********************

The Sleaze
Did Castaway Really Spend Eighteen Months Marooned on Traffic Island?
http://www.humorfeed.com/out/go.php?lid=27218
*********************

CAP News
Coors Light Sends Party Train To Somalia
http://www.humorfeed.com/out/go.php?lid=27217
*********************

The Satirical Political Report
Why The GOP Could Make This The Worst Double-Dip Recession Ever
http://www.humorfeed.com/out/go.php?lid=27219
*********************

The World's Voice of Reason
David Cameron in Drunken Fight In Magaluf, Reports the Daily Stir
http://www.humorfeed.com/out/go.php?lid=27216
*********************

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Message: 9
Date: 5 Aug 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-05
To: dailyedition@humorfeed.com
Message-ID: <20110805040500.26358.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-05

*********************
The Satirical Political Report
If Reagan Fired PATCO Workers, Shouldn���t GOP House Members Be Terminated�����?
http://www.humorfeed.com/out/go.php?lid=27222
*********************

Wear Your Cape
Congressional Leaders in Disagreement over Design of Super Congress Capes
http://www.humorfeed.com/out/go.php?lid=27221
*********************

CAP News
Riverdale Gang Goes Gritty In "Dark Archie"
http://www.humorfeed.com/out/go.php?lid=27220
*********************

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Message: 10
Date: 6 Aug 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-06
To: dailyedition@humorfeed.com
Message-ID: <20110806040500.55065.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-06

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The Satirical Political Report
FOX & Friends Hit New 'Sea Bottom' on SpongeBob
http://www.humorfeed.com/out/go.php?lid=27224
*********************

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Message: 11
Date: 7 Aug 2011 04:05:01 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-07
To: dailyedition@humorfeed.com
Message-ID: <20110807040501.65072.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-07

*********************
The Satirical Political Report
Obama Celebrates 50th, By Going To 'Fantasy Land'
http://www.humorfeed.com/out/go.php?lid=27226
*********************

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Message: 12
Date: 8 Aug 2011 04:05:01 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-08
To: dailyedition@humorfeed.com
Message-ID: <20110808040501.47711.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-08

*********************
News Mutiny
What Attracted Me to this Highly Lucrative Role - By Nicolas Cage
http://www.humorfeed.com/out/go.php?lid=27225
*********************

CAP News
Last Encyclopedia Salesman Calls It Quits
http://www.humorfeed.com/out/go.php?lid=27223
*********************

The Satirical Political Report
God Fails To Respond To Rick Perry's 'The Response'
http://www.humorfeed.com/out/go.php?lid=27228
*********************

The World's Voice of Reason
Our Stock Tips For Trading On Monday
http://www.humorfeed.com/out/go.php?lid=27227
*********************

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Message: 13
Date: 9 Aug 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-09
To: dailyedition@humorfeed.com
Message-ID: <20110809040500.24383.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-09

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The Satirical Political Report
Standard & Poor's Seeks to Make 'Poor' the Standard
http://www.humorfeed.com/out/go.php?lid=27231
*********************

CAP News
Ryan Seacrest, Bravo Create Imam 'Jersey Shore'
http://www.humorfeed.com/out/go.php?lid=27229
*********************

Wear Your Cape
Standard & Poor's Upgrades Catwoman Despite Anne Hathaway Casting
http://www.humorfeed.com/out/go.php?lid=27230
*********************

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Message: 14
Date: 10 Aug 2011 04:05:01 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-10
To: dailyedition@humorfeed.com
Message-ID: <20110810040501.7283.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-10

*********************
The World's Voice of Reason
London Riot Special
http://www.humorfeed.com/out/go.php?lid=27233
*********************

CAP News
CDC: It's Time To Panic
http://www.humorfeed.com/out/go.php?lid=27232
*********************

The Satirical Political Report
Standard & Poor's Downgraded to 'Double FU'
http://www.humorfeed.com/out/go.php?lid=27235
*********************

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Message: 15
Date: 11 Aug 2011 04:05:00 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-11
To: dailyedition@humorfeed.com
Message-ID: <20110811040500.82876.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-11

*********************
The Sleaze
Were British Riots Instigated by Polar Bear Attack on North London Youths?
http://www.humorfeed.com/out/go.php?lid=27237
*********************

CAP News
Grimace Declares Free Agency, Signs With BK
http://www.humorfeed.com/out/go.php?lid=27236
*********************

News Mutiny
Human Sacrifices to Job Creators Surge on Economy Fears
http://www.humorfeed.com/out/go.php?lid=27234
*********************

The Satirical Political Report
What If Martin Luther King Adopted The Obama Approach
http://www.humorfeed.com/out/go.php?lid=27239
*********************

Wear Your Cape
Tim Pawlenty Polls Below Stale Muffin
http://www.humorfeed.com/out/go.php?lid=27238
*********************

------------------------------

Message: 16
Date: 12 Aug 2011 04:05:01 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-12
To: dailyedition@humorfeed.com
Message-ID: <20110812040501.45052.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-12

*********************
CAP News
Las Vegas Unveils New Marketing Strategy
http://www.humorfeed.com/out/go.php?lid=27240
*********************

The Satirical Political Report
GOP Leadership Names Senator From Krypton to Super Committee
http://www.humorfeed.com/out/go.php?lid=27241
*********************

------------------------------

Message: 17
Date: 13 Aug 2011 04:05:01 -0000
From: sharky@humorfeed.com
Subject: [HumorFeed.com-Dailyedition] Headlines for 2011-08-13
To: dailyedition@humorfeed.com
Message-ID: <20110813040501.62617.qmail@cenena.pair.com>

HumorFeed Headlines for 2011-08-13

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------------------------------

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End of Dailyedition Digest, Vol 328, Issue 1
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