Analysis Of Michael Hiltzik's Las Vegas Times

Many people believe the Stock Market crash and the Great Depression are one in the same. In the nineteen twenties the Dow Jones went from sixty to four hundred. People became instant millionaires. Trading became America’s favorite pastime and a quick way to get rich. There were Americans mortgaging their home and investing their life savings in stock such as ford. However, there were many fake companies that formed to deceive the inexperience investors. Many investors did not believe that a crash was possible; they all thought the market would always go up.

Mental illness can be described using two words, both of which start with the letter ‘I’: Inevitable, and ignored. It is inevitable, because there’s always going to be people born with mental illness, and nearly everyone is guaranteed to know of someone who is affected. It is ignored, because a lot of society passes it off as ‘fake’ or ‘attention seeking’. While this may be true in some cases, there are definitely some cases that are all too real. The fakers are the ones jeopardizing the lives of the individuals truly affected, because this causes others to not take the real cases seriously. In Nick Anderson’s cartoon that appeared in the January 12, 2011 edition of the Houston Chronicle, this is exactly what he is depicting. From the giant, daunting steps leading to the mental health professional, to the blinking, welcoming lights of the gun shop, Anderson is criticizing the accusatory society and government by providing a visual description just how hard it may be for some to get the help they truly need.

During the 1920's, the North American economy was roaring, but this decade would eventually be put to a stop. In October of 1929, the stock market began its steepest decline to this date in history. Many stock market traders and economists believe and pray that it was a one-shot episode never to be repeated. On the other hand, many financial analysts and other economists believe that the current stock markets are in place to repeat the calamitous errors of the 1920's. In this paper, I will analyze the causes of the crash and discuss the possibilities of it re-occurring.

Financial Assets: Robert Shiller, a Noble Prize winner in Economics, has the belief that our cultural and psychological thoughts influence our financial behavior. Shiller highlights the key factors of the irrational exuberance that exists in the financial market. In his book, Irrational Exuberance, he argues that investors often make irrational decisions. Throughout the book, he explains that there are twelve factors that impact the market behavior from 1995 to 2005 and that eventually led to a financial bubble. Some of these factors can be linked to the Black Thursday of 1929.

During the Great Depression in 1929, there was Fernando Francisco the farmer with his only alluring and style 16 year old daughter Nancy Francisco at their barn. On a Tuesday morning in October 29, 1929, Fernando rocked back and forth, while glimpsing through the newspaper. Something caught his eye, it was this “The stock market has just crashed today, Wall street is in a panic and wiped out millions of investors.” After reading, Fernando went straight to the front of the entrance, and started to make billboards.

Mitch Dickman’s Rolling Papers documents The Denver Posts fall from grace in the midst of Colorado’s legalization of marijuana. Although some may argue the message behind this film is the promotion and avocation of the legalization of marijuana, it actually depicts just how desperate print journalism is to survive in this age of social media and instant gratification. The film carries itself with a certain novelty as it tries to fit in with the taboo subject of marijuana; as if covering marijuana has never been done before in journalism. It also uses marijuana as a sort of promotional tool for print journalism as if this is new or uncharted territory. The story starts with the head of The Denver Post assigning Ricardo Baca as the first ever “Pot Editor” for the paper. Baca then starts a website known as The Cannabist for critics to post reviews on various strain of marijuana. The reason Baca does this is expressed well by Greg Moore, editor of the Post, who highlights the paper’s prioritizing of marijuana coverage was a “survival tactic” for the newspaper more so than anything else. Thus, the message of the film turns from prompting legalization to promoting the print journalism.

In the column “After the Orlando shooting, pundits on both sides read the same tired lines from their scripts” (2016) Jonah Goldberg, popular columnist writer of the Los Angeles Times, argues that “pundits and politicians returned to dog-eared scripts to repeat lines memorized long ago” instead of facing and resolving the issue upfront. Goldberg illuminates the avoiding issue by juxtaposing political parties’ responses (“act of terror”) to others, by contrasting immediate reactions (“radical Islamic terrorism”), and by comparing their methods to not resolve the uprising problem (“talking around the problem”). Using remarks from familiar political men and women (President Obama, Hillary Clinton), he condescends their remarks in order to confirm that not enough effective effort is being put into action to resolve the conflict; in fact, Jonah Goldberg states that “we instantly race to comfortable excuses” as a means to eschew difficult complications.

Martin Wolf, the guru of finance capital has repeatedly warned that these imbalances cannot go on." The spectacular collapse of the western financial system is a symptom of this big fact...In the long run, the global economy will have to rebalance. If it doesn't, the open world economy may even break down. As in the 1930s this is now a real danger".[4] This quote is evident and useful as America avoided to take economic leadership to benefit the global countries. According to book called ‘The Great Depression’ The world economic system was unstable unless some country stabilized it. Because of the amount of influence the American economy had in the world, the US stock market was equally important to the world economy. When investors buy stock, they purchase shares in the ownership of that company. Long-term investors buy the stock because they hope that the company's business will be good and that it will make a lot of profits over the years. Economist Charles P. Kindle Berger asserted that a major cause of the depression was America's refusal to assume leadership in the financial markets of the

It is often said that perception outweighs reality and that is often the view of the stock market. News that a certain stock may be on the rise can set off a buying spree, while a tip that one may be on decline might entice people to sell. The fact that no one really knows what is going to happen one way or the other is inconsequential. John Kenneth Galbraith uses the concept of speculation as a major theme in his book The Great Crash 1929. Galbraith’s portrayal of the market before the crash focuses largely on massive speculation of overvalued stocks which were inevitably going to topple and take the wealth of the shareholders down with it. After all, the prices could not continue to go up forever. Widespread speculation was no doubt a

The concept that marriage can occur, endure, and succeed without the factor of love seems to be common in many other places in the world. “Who Needs Love! In Japan, Many Couples Don’t,” by Nicholas D. Kristof published in the New York Times in 1996 explores the aspects and success of loveless marriage in Japan beginning with Yuri Uemura of Omiya, Japan.

““The name of the game, moving money from your clients pocket to your pocket”, Mark stated. “But if you can make your clients money at the same time it’s advantageous to everyone, correct?” “No, Mark replied…Okay, first rule of Wall Street-nobody and I don’t care if you are Warren Buffet or Jimmy Buffet- knows if a stock is going up, down or sideways, least of all stock brokers. But we have to pretend we know.”” (8)

In the wake of the recent financial crisis, many commentators attempted to analyze the roots of the conflict from a political or economic perspective. Anthropologist Karen Ho, a veteran of Wall Street as well as an academic, attempted to understand the reason that Wall Street behaves the way it does in her 2009 anthropological study of American finance entitled Liquidated: An ethnography of Wall Street from a cultural perspective. The central paradox with which Ho begins her book is: " the economy experienced not only record corporate profits and the longest rising stock market ever, but also record downsizings," further concentrating the wealth in America (Ho 2009: 1-2). But how can corporations grow richer as the American public as a whole grows poorer? Corporations no longer view themselves as responsible for taking care of their employees, creating good products, or serving their original mission. Instead, the focus is on generating shareholder wealth (Ho 2009:3). Shareholders, not the larger public, have become the symbolic and real focus of firm strategy. The shareholder "symbolized and 'stood in' for the whole of the corporation and became the sole locus of concern and analysis" during the time Ho conducted her study in the late 1990s and continues to this day (Ho 2009:175)

Films like Boiler Room, The Wolf of Wall Street, and dozens more have been made in its image in the years since 1987, but none would have the same impact on the world of modern day stock trading as Wall Street. While Oliver Stone co-wrote the movie as a critique of the vapid, ostentatious lifestyle of Wall Street traders, it had the unintended effect of spawning a generation of Wall Street ne’er-do-wells less like Buddy, the hero, and more like the undeniably attractive and interesting Gekko character. Many traders

It was 1929, and in the United States things could not be better for those smart enough, or for that matter, brave enough, to gamble on the Stock Market. All of the big stocks were paying off handsomely, the little ones too. However, as much as analysis tried to tell the people that this period of great wealth would last, no one could imagine what would come of the United States economy in the next decade. The reasons for this catastrophic event in American 20th century history are numerous, and in his book, The Great Crash, John Kenneth Galbraith covers the period and events which lead up to the downward spiral in the fall of 1929 and the people behind the scenes on Wall Street who helped this fire spread.

In his book, Capital Ideas: The Improbable Origins of Modern Wall Street, Peter L. Bernstein examines the innovative financial work of various academics that helped shape modern Wall Street. Bernstein sets out to show that Wall Street is in fact a fundamental and useful model to follow, rather than something to be feared. He points out that, “By combining the linkage between risk and reward with the combative nature of the free market, these academics brought new insights into what Wall Street is all about and devised new methods for investors to manage their capital.” (2) These impressive scholars have incorporated scientific measurement to the art of finance, forever