Michael Millken the pardoned innovator who created the telecommunications awakening. @JohnTamny @RealClearMarkets

Published: March 12, 2020, 12:21 a.m.

Photo: Title: Wall Street guide / (https://www.flickr.com/photos/internetarchivebookimages/tags/bookidwallstreetguide00jlmc) Year: 1902 (https://www.flickr.com/photos/internetarchivebookimages/tags/bookyear1902) (1900s (https://www.flickr.com/photos/internetarchivebookimages/tags/bookdecade1900) ) Authors:  J.L. McLean & Co. (https://www.flickr.com/photos/internetarchivebookimages/tags/bookauthorJ_L__McLean___Co_) Subjects:  Stock exchanges (https://www.flickr.com/photos/internetarchivebookimages/tags/booksubjectStock_exchanges) Publisher:  New York: J.L. McLean (https://www.flickr.com/photos/internetarchivebookimages/tags/bookpublisherNew_York__J_L__McLean) Contributing Library:  Columbia University Libraries (https://www.flickr.com/photos/internetarchivebookimages/tags/bookcontributorColumbia_University_Libraries) Digitizing Sponsor:  The Durst Organization (https://www.flickr.com/photos/internetarchivebookimages/tags/booksponsorThe_Durst_Organization) View Book Page: Book Viewer (https://archive.org/stream/wallstreetguide00jlmc/wallstreetguide00jlmc#page/n53/mode/1up) About This Book: Catalog Entry (https://archive.org/details/wallstreetguide00jlmc) View All Images: All Images From Book (https://www.flickr.com/photos/internetarchivebookimages/tags/bookidwallstreetguide00jlmc) Click here to view book online (https://archive.org/stream/wallstreetguide00jlmc/wallstreetguide00jlmc#page/n53/mode/1up) to see this illustration in context in a browseable online version of this book. Text Appearing Before Image: equal to 2.83 bushels. Hedge.—The operation called hedging by speculatorsis practically the same as straddling, though the termsare not synonymous. Traders hedge to avert a lossand straddle for a profit. (See Straddle.) Holding the Market is to buy sufficient stock tokeep the price from declining. Hypothecate.—To pledge anything for money bor-rowed. Incorporated.—Formed into a corporation or legalbody; as a company for the transaction of business.(See Corporation.) Indemnity.—Exemption from loss or damage, pastor to come. The owner of private property, taken forpublic use, is entitled to compensation or indemnity. Indorse.—To write ones name either on the backor face of a note, draft, or other negotiable paper.In a broad sense, to give ones name or support to;to sanction. In Sight.—Said of stocks of grain, cotton, coffee, orother merchandise available for immediate use. Grainstored in private warehouses, or held by producers,is not usually included in the supply in sight. http://JohnBatchelorShow.com/contact http://JohnBatchelorShow.com/schedules Twitter: @BatchelorShow Michael Millken the pardoned innovator who created the telecommunications awakening. @JohnTamny @RealClearMarkets  https://www.realclearmarkets.com/articles/2020/03/10/trump_is_right_michael_milken_is_a_hero_not_a_criminal_486259.html