Archive for 09/2011

Austin (summary)

The city of Austin was named after Stephen F. Austin (1793-1836), known as the "Father of Texas." A small village on the Colorado river was originally called Waterloo; it was selected as…

Houston (summary)

The city of Houston was founded by the brothers Augustus Chapman Allen (1806-1864) and John Kirby Allen (1810-1838). The "Town of Houston" was advertised in the August 30, 1836 Telegraph…

Little Ghana (Mount Hope, Bronx)

"Little Ghana" is a nickname for the Mount Hope (in Tremont) section of the Bronx. The nickname was popularly used in the media in June 2010, when the African nation of Ghana defeated the…

Little Albania

"Little Albania" is a name sometimes applied to the Belmont section of the Bronx (also known as "Little Italy"). This "Little Albania" has been cited in print since at…

Great Divergence

The economist Paul Krugman wrote in the first post of his New York (NY) Times blog, The Conscience of a Liberal, on September 18, 2007: "The great divergence: Since the late 1970s the America…

Great Compression

The term "Great Compression" was coined by Claudia Dale Goldin and Robert A. Margo in their book, The Great Compression: The wage structure in the United States at mid-century (1991). The…

Great Contraction

The "Great Contraction" is the period from 1929-1933 that is also called the "Great Depression." Economist Milton Friedman (1912-2006) popularized -- but did not coin -- the…

Burger King Kids

An executive at JPMorgan Chase & Company dubbed some of his young new hires "Burger King kids" (after the fast food restaurant), according to the New York (NY) Times of October 13,…

Great Reckoning

The financial term "Great Reckoning" was popularized by James Dale Davidson and William Rees-Mogg in their book, The Great Reckoning: How the world will change in the depression of the…