158 years ago, thirty-eight Dakota men prepared for their death in Mankato, Minnesota. Remember their names. #dakota38

1. Ta-he-do-ne-cha, (One who forbids his house.)
2. Plan-doo-ta, (Red Otter.)
3. Wy-a-tah-ta-wa, (His People.)

Charles Ponzi and the Postal Service

The story of the man who put the 'Ponzi' in 'Ponzi scheme'

/THREAD/

1/ Carlo Pietro Giovanni Guglielmo Tebaldo Ponzi, a.k.a. Charles Ponzi, was an italian swindler and con-artist.

Born in 1882 in Italy, he became notorious for his money-making fraudulent schemes in North America in the 1920s.

2/ He arrived in Boston in late 1903 with $2.50 in his pocket.

After many professional failures, he moved to Montreal in 1907 and started working as a bank teller at Banco Zarossi, where he rose to the position of bank manager.

3/ This is where he first witnessed the bank's scheme, where Zarossi was funding interest payments using deposits from newly opened accounts instead of investment profits.

4/ Ponzi served 3 years in jail for check forgery and returned to the US after his release.

However, he got involved in smuggling illegal immigrants into the country landing in prison for another 2 years, moving back to Boston after that.

A Thanksgiving story to warm your pluralistic hearts:

It was the early 1990s, the days before Washington DC had meters in taxis. A famine was raging in Somalia. And I was working in my first job out of college: a brief stint working for an organization that focused on the Middle East peace process.

I was heading to my parents’ house. I was standing in front of a mailbox near my office. I was holding a stack of papers with Hebrew writing on them. I hailed a cab.

I was aware that on the mailbox behind me was a large sign from People for the Ethical Treatment of Animals with an image of a turkey and the words: “Thanksgiving is Murder on Turkeys.”

It was the period right around Thanksgiving.

A cab pulled up, and I got in the front seat—because in the days before metered cabs in DC, drivers were allowed to pick up more than one fare, and someone else was already occupying the back seat.

(An extract from Field Marshal Sam Manekshaw, Soldiering with Dignity)

The man eventually destined to be free India's first Field Marshal was born on 3rd April 1914 at Amritsar. How did a Parsi couple settle for the holy city of the Sikhs? I once asked him and was told that in+

1899, his father recently qualified as a doctor and just married, could make no professional headway in Bombay, and was advised to try his luck at Lahore in the Punjab. With his young wife, he set off by train for Lahore. The long dusty and hot journey took five days and by the+

end of it, his young wife, who had never left the comforts and civilization of Bombay, was in hysterics and cried to go back. Poor Dr Manekshaw did all he could to comfort her, but as the train steamed into Amritsar, with her first sight of the Sikhs the young bride screamed her+

lungs out and refused to go any further. So they left the train at Amritsar, and there they stayed for forty-five years.

The Manekshaws had six children, four boys and two girls, and Sam was the fifth child. Sam had his schooling at Nainital's Sherwood College.+

After completing his schooling, he should have gone to England to pursue higher studies; this was the promise made to him by his father but, fortunately for the Indian Army, Dr Manekshaw felt that this particular son was far too young to be on his own in a foreign country, even+

You think the Gamestop short squeeze is the greatest ever? Not. Even. Close.

This is the story of Piggly Wiggly and one man taking on Wall Street ALONE.

Buckle up, because this is one of the craziest stories in investment history.

It all started in 1919 when a man by the name of Clarence Saunders invented the first modern supermarket—Piggly Wiggly stores.

Before this time, people had to go into a store, give the clerk a shopping list, and then wait for their items to be gathered and brought out.

Saunders changed all that when he created a retail self-service market where people could pick the items themselves and pay on the way out.

People loved the idea so much that within 3 years there were over 1,200 Piggly Wiggly stores in the U.S.

With this success, Saunders began licensing the Piggly Wiggly name out to other retailers.

Unfortunately, some of these retailers in the northeast began going out of business in the fall of 1922, all while using the Piggly Wiggly name.

Traders on Wall Street heard of these closings and decided that they had an opportunity on their hands.

They began shorting Piggly Wiggly while also spreading rumors that the parent corporation was in trouble.


Within a week the price dropped from $50 to $40 a share.

Buckle up, everyone, this story is *wild*.

The 62-year-old Dyatlov Pass mystery, in which nine students died at the hands of an unknown force, has likely been solved thanks to the movie Frozen and gruesome car crash experiments.

Me, for @NatGeo + thread!

In what has become known as the Dyatlov Pass incident, ten members of the Urals Polytechnic Institute in Yekaterinburg—nine students and one sports instructor who fought in World War II—headed into the frigid wilderness on a skiing expedition on January 23, 1959. 1/x

One student turned back after experiencing joint pain.

He never saw his friends again.

2/x

The team made camp on February 1, pitching a large tent on the snowy slopes of Kholat Saykhl, whose name can be interpreted as “Dead Mountain” in the language of the region’s Indigenous Mansi people. Ominous, sure - but these were experienced mountain hikers. 3/x

The nine were never heard from again.

When a search team arrived at Kholat Saykhl a few weeks later, the tent was found just barely sticking out of the snow, and it appeared cut open from the inside. The next day, the first of the bodies was found near a cedar tree. 4/x