Browsing: Business and Economics

A Brief History On April 29, 1967, heavyweight boxing champ, Muhammad Ali, was stripped of his crown when he refused induction into the US military.  He later was vindicated and regained his championship belt in the ring, and today we look at some sports champions that were stripped of their honors. Digging Deeper One of the saddest and most famous cases was Olympic champ Jim Thorpe, stripped of his Gold Medals won at the 1912 Olympics in the Decathlon and Pentathlon because he had once played semi-pro baseball. In 1982, his honors were posthumously returned. Performance enhancing drugs have cost…

A Brief History On April 26, 1942, the Benxihu Colliery an iron and coal mine in Liaoning, China, was the scene of a horrific accident resulting in the deaths of 1,549 miners, the highest death toll of any mining disaster ever. Digging Deeper Japan had invaded Manchuria in 1931 and began to exploit the natural resources and the people of the region.  Using Chinese as slave labor, the Japanese military did not provide adequate food, clothing, medical care, and sanitation for the workers. In miserable conditions, a huge coal dust explosion took place on April 26, 1942, triggering a massive…

A Brief History On April 24, 2013, the Rana Plaza, an eight story multi-use commercial building in Bangladesh, collapsed and killed over 1,100 of the people inside, as well as injuring another 2,500.  Apparently, the top four floors were added without proper support, leading to heavy garment equipment causing the collapse. Digging Deeper Sadly, many times buildings have collapsed with tragic consequences, and here we list two of the worst tragedies. In 27, AD a wooden amphitheater in Fidenae on the outskirts of Rome collapsed during a gladiatorial contest, killing a reported 20,000 spectators, although that number may be a…

A Brief History On April 17, 1912, Russian Imperial soldiers fired on a crowd of protesting goldfield workers in Siberia that were upset about the arrest of their strike committee.  Perhaps 270 striking workers were killed and a similar number wounded.  Such brutal treatment ultimately led to the Russian Revolution and the formation of the USSR, a self-described “workers’ paradise.” Digging Deeper Soviet authorities, especially the Cheka secret police, killed protesting and striking workers on a grand scale, both by gunning down workers and by executing arrested workers.  Killings of disgruntled workers and soldiers included drowning as well as shooting!…

A Brief History On April 15, 1955, McDonald’s hamburger and fast-food chain claims their founding by Ray Kroc in Illinois when he opened a franchise restaurant of the hamburger stand brand founded by Richard and Maurice McDonald in California.  Since Kroc made McDonald’s the fast-food giant that it is, it is not surprising he would use the date of his involvement as the “founding” date. Digging Deeper Some interesting McDonald’s facts include: Mickey D’s has over 40,000 locations in at least 119 countries. The runners up in most fast-food locations is Subway, followed by Starbucks, KFC, and Burger King. McDonald’s…