Federal Reserve Bank
Every year, it gives out "dividends" to commercial banks that serve no purpose.
August 27, 2007
Within fourteen days of each other, two rush-hour calamities: a bridge collapse and a steam-pipe explosion. In Minneapolis, a forty-year-old bridge along highway I-35W suddenly dropped sixty feet into the Mississippi River, killing at least five people and injuring approximately one hundred more. The federal government had deemed the bridge structurally deficient in 1990, which the Minnesota Department of Transportation acknowledged in separate reports issued in 2005, 2006, and 2007, after inspecting the bridge.
The Whirling Pyramid
November 03, 1920
Omens these: In Paterson, the silk city, little third and fourth class shops are flooded with fine silks to be sold at any price; there has been a panic in silk. A year ago a butcher got $1.35 a pound for his raw calf hides and today he is lucky to get 25 cents; the bottom has fallen out of the leather market. The sign of the night rider appears in the South. The farming industry in convention at Washington demands unlimited federal credit to enable the South to sit on its cotton until the price is 40 cents again, and the West to hold its wheat for $3.00 a bushel; else all are ruined.