Browsing: Business and Economics

A Brief History On April 6, 2017, President Trump ordered an attack against Shayrat Airbase in Syria.  The 59 Tomahawk cruise missiles sent by the US impacted early on April 7th and killed about 16 Syrian troops while destroying between 9 and 20 aircraft and a SAM missile battery. Digging Deeper Those cruise missiles cost a cool $2 million apiece to deliver 1,000 pounds of explosives as far as 2,500 km away.  Modern weapons are not cheap, and even private citizens are aghast at the cost of rifle and pistol ammo at their local sporting goods stores.  Some weapons’ prices…

A Brief History On March 24, 1999, an unlikely cargo became deadly when a truck carrying margarine and flour caught fire in the Mont Blanc tunnel on its way from France to Italy. Digging Deeper While fires in tunnels can be a terrifying prospect, the Mont Blanc tunnel was no stranger to fire, having previously experienced 16 truck fires prior to this incident.  The driver of the Belgian truck became aware of a problem when oncoming traffic began flashing their headlights to alert him to smoke pouring out of his truck. Stopping his truck about half-way through the 7.2 mile…

A Brief History On March 17, 1945, the Ludendorf Bridge over the Rhine River fell 10 days after the US Army seized the span allowing them to cross the Rhine into Germany.  The Germans failed to blow up the bridge, and again failed to take it down later, a major blunder in World War II. Digging Deeper Bridges are often magnificent, and when they fall the event is major news.  Some notable bridge collapses include the following: The Ponte das Barcas of Porto, Portugal in 1809, is the deadliest bridge collapse, with 4,000 people fleeing French soldiers falling to their…

A Brief History On March 15, 1986, the Hotel New World in Singapore arguably became the worst hotel in the world in moments when the six story building suddenly collapsed, burying 50 people under the rubble.  Fortunately, 17 of those people were saved, but the other 33 died. Digging Deeper Hotel New World, originally called the New Serangoon Hotel, was built in 1971 and had a name change in 1984.  The ground floor was a bank, the second floor was a nightclub, and the top four floors were the hotel.  A parking garage was in the basement. Perhaps an omen…

A Brief History On March 9, 1987, Chrysler Corporation, then maker of Chrysler, Dodge, and Plymouth cars and trucks, announced the absorption of American Motors under the Chrysler banner.  American Motors itself was formed in 1954 when Nash-Kelvinator and Hudson Motor Car Company merged. Digging Deeper Try to follow this corporate puzzle when also in 1954, Packard merged with Studebaker, forming Studebaker-Packard Corporation.  Meanwhile, Kaiser Motors and Willys-Overland, makers of the Jeep brand, had merged in 1953 to create Kaiser Jeep.  Then in 1970, American Motors bought up Kaiser Jeep. American Motors stumbled along until being acquired by Chrysler in…