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However, this is a short book, and doesn't go into much detail. It would be a good book for someone just starting out in STEM, but anyone with STEM experience might find only a few bits and pieces of the book enlightening.
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This is the firm which gave us George H.W. Bush's treasury secretary, Nicholas Brady, whom Sobel also covers pretty thoroughly in this book, hinting that his undergrad grades were not so hot and that he may be dyslexic. But great connections.
Clarence Dillon is the star of the book, which starts with the Dutchman Vermilye and his investment trading operation in New York. Dillon joins after Read joins, and Dillon is the gutsy Jewish guy (although Dillon cloaks that in an effort to run with the WASP dominators of New York at the time) who engineers brash and bold, huge deals, then makes a lot more money by taking over companies (buying them by lending them money) and hiring "management" firms secretly owned by....Clarence Dillon.
The Pecora hearings are profiled, and Sobel gets into the 1933 and 1934 Securities laws and the SEC, giving us the impression that Pecora was a little extreme, and the SEC--although harshly received by the "Street" at the time--was a pretty good idea.
Sobel does not stop there, though. He follows the Dillon Read firm past Clarence, and on to Douglas (who also became a Secretary of the Treasury, but who didn't have the same pizzazz of the old man, who drifted off into old age in aristocratic fashion on a huge New Jersey estate). Then on to the Bechtel and Wallenberg family connections of Dillon Read, and terminating in the mid 1980s with a glimpse of new ways-a-borning with the addition of New Court Capital and the opening of the firm to modern V.C. investment.
A great companion to this book is the very recent book "The Last Partnerships" which does the same biographical analysis of our entire economy, by profiling a whole collection of investment firms, Dillon Read included. Sobel has less range, in comparison, but Sobel's mission is to drill into Dillon Read. This book does not "sing" like Sobel's Coolidge, as I said, but forms a link in Sobel's scholarship which I'm glad to have. Next will come a read of Sobel's history of the New York Stock Exchange, to lengthen the chain.
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Railroading was probably not the most dangerous of professions or means of transportation, but as the dust jacket attests, it certainly wasn't the safest. I was surprised to learn how often steam locomotives actually blew up, sending giant hulks of boiler and iron hundreds of feet into the air, or literally miles from the scene of the accident. Until new designs in car couplers and car construction were invented, many passenger cars would actually "telescope" into each other when wrecked, with the obvious results of death or maiming of passengers. Factor in things like split rails, bridge wash-outs, incorrectly aligned track, bad weather...there were many factors that could lead to severe accidents on the railroad.
This book provides interesting photos of just about every imaginable type of train accident, some of which are very old. While the text explains the different types of accidents that can befall the railroad, it also provides insight into how the railroads have progressed technologically and the impacts those advances have had on railroad safety.
Overall, the book is a light read for an adult, but it kept me captivated as a young person. The photos are what make the book, and like a moth to a flame, will make you come back again for another look.
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It is a crying shame this book is so hard to find: I would love to teach it in a college literature class (I've tried and failed because it is out of print).
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In this book, Henry Reed returns to rural New Jersey for his third summer with his aunt and uncle. Each summer, Henry and his friend and partner-in-chicanery, Midge Glass, embark on a business scheme that results in humorous twists and moderately successful outcomes.
This summer, Henry and Midge want to produce some sort of entertainment show, but when a music festival and medieval tournament prove to have insurmountable obstacles, they settle on a rodeo. New Jersey being fresh out of stallions and bulls, they improvise and settle on sheep-roping and Sardinian donkey-riding. As always, there is an unexpected funny disaster, but a happy outcome.
Like the previous three books, Henry Reed's Big Show is entertaining and completely G-rated. The writing is compelling and through Henry, who lives overseas during the school year, the author passes along obscure facts about the world interesting to children and adults alike.
The downside, unfortunately, is these stories occur in a world that no longer exists. I grew up in an area of New Jersey close to the fictional Grovers Corner in which these books are based, and the rural idyll is long-gone, replaced by shopping malls and developments of McMansions. Similarly, it is hard to imagine today's young teens relating to the two characters whose activities, while hair-brained, are squeaky-clean and occuring without the presence of TV, the Internet, etc.
I highly recommend this and the other Henry Reed books in the series to children aged 10 and up. There is no objectionable material for a parent to be concerned about, but the cultural world in which the story is set may cause confusion.