The Gambler – BONUS POST

The Bonus Book of the Week is “The Gambler, How Penniless Dropout Kirk Kerkorian Became the Greatest Deal Maker in Capitalist History” by William C. Rempel, published in 2018.

Born in Fresno, CA in June 1917, Kerkorian was the youngest of four children of Armenian extraction. In the first half of the twentieth century, he pursued his passions of amateur boxing and piloting planes. His entrepreneurial spirit led him to go into the chartered airplane business. He began associating with unsavory characters when he bet on sports in 1961. His FBI dossier related this factoid that was learned via wiretapping.

Kerkorian dreamed big and took the outrageous risks required to fulfill them. Thanks to his cultivating friends in high places, in the early 1960’s, he managed to borrow a steep $5 million to purchase a DC-8 (jetliner) to expand his transcontinental shuttle service for the U.S. military and other lucrative clients.

In 1963, Kerkorian got into the casino business. He launched an IPO for his holding company in 1965. Then he became aggressive in acquiring companies against their will. Like Western Air Lines. He also opened the biggest hotel/casino in the world in July 1969. He got international celebrities to provide entertainment on opening night just to rub it in the faces of the competition, such as Howard Hughes.

However, one casino Kerkorian took over had been run by the Mob. In late 1969, the IRS forced him to sell a yacht and a plane to pay back-taxes. In 1972, a German bank was dunning him for an amount of money he couldn’t possibly pay. He didn’t worry. He simply ordered that his financially struggling company, MGM, issue a ginormous dividend to himself, and all other holders of the company’s stock. This way, he could pay off his personal bank debt; never mind that MGM risked going bankrupt. Of course some shareholders sued.

Read the book to learn of Kerkorian’s many other adventures in business and pleasure.

Rose Kennedy

The Book of the Week is “Rose Kennedy, The Life and Times of A Political Matriarch” by Barbara A. Perry, published in 2013.

As is well known, the Kennedy family members’ fates were fraught with traumas and tragedies. Rose gave birth to nine children, starting in the nineteen teens (alphabetically): Bobby, Edward, Eunice, Jean, John, Joseph Jr., Kathleen, Patricia and Rosemary.

In July 1890, Rose was the oldest of six children born into the wealthy Fitzgerald family of Boston. Her father was elected as a U.S. Congressman in 1894. Around 1906, he took over the weekly newspaper The Republic. Later, he was elected mayor of Boston. Rose, instead of his wife, accompanied him on his campaign and diplomatic travels. Their ethnic identity was Irish Catholic, enemies of the Protestant Yankees.

Rose defied her parents’ wishes in her choice of a lifelong mate– Joseph P. Kennedy. Through the decades of the nineteen teens through the 1930’s, Rose’s growing family lived in locations pursuant to Kennedy’s highly lucrative business and political activities, even though he almost never saw his wife and kids (due to work and philandering)–  Riverdale in the Bronx; Bronxville in Westchester County, New York; Hyannis Port, Massachusetts; and Palm Beach, Florida.

In 1934, President Franklin Roosevelt appointed Rose’s husband to be the first chair of the Securities and Exchange Commission. The agency was formed  to regulate Wall Street– criminalize insider trading and require disclosure of transactions in order to rein in the kind of excessive greed in which ironically, Joseph Kennedy himself indulged– that was partly responsible for the devastating, nationwide financial crash.

Even during the Depression years, however, the Kennedys lived high on the hog. In February 1938, the president appointed Joseph the ambassador to Great Britain. In publicly supporting her husband, Rose comfortably fell into the role of social butterfly– meeting with royal family members at luncheons, cocktail parties and teas. She also spent loads of time monitoring her children’s health, (boarding-school) educations and welfare.

During John’s 1952 senatorial election, and her other family members’ numerous other elections, Rose made countless public appearances campaigning, and fund-raising for her husband’s charity for underprivileged children. Joseph wrote checks and bribed journalists. Their 26 year-old son Bobby served as John’s campaign manager. The family was a political tour de force.

In April 1961, the day after the Bay of Pigs fiasco, Rose had business more important than a traumatized JFK to attend to: shopping for fur coats in New York City for her future trips accompanying her president-son everywhere, including diplomatic visits to Europe. In 1962, the youngest child, Teddy, sought John’s vacated Senate seat. To assist him, Rose made a promotional film, of course omitting all inconvenient facts from her stories in order to project the Kennedys as the perfect family.

Alas, read the book to learn how very sugar-coated that film was, along with many other details of Rose and her family.

Prime Time

The Book of the Week is “Prime Time, The Life of Edward R. Murrow” by Alexander Kendrick, published in 1969. This is a biography of the famous radio and TV journalist whose career started in the 1920’s.

Born in 1908 in North Carolina, Murrow was the youngest of three sons. He was raised as a Quaker. His family moved to Washington state when he was five years old. Murrow’s graduating high school class numbered eleven. Their motto was “Impossible is un-American.” He then attended Washington State College, majoring in “speech” (public speaking). Participating in student government, he got the chance to travel to Europe.

In the 1930’s, news that was reported via radio in the United States consisted of concerts, sporting events, presidential speeches and sensational courtroom trials– simply conveying facts with no analysis; nothing too depressing. Murrow first went on the air in 1937, covering the coronation of King George VI in England. He did “man on the street” interviews.

Then for nine years, Murrow  was a producer for CBS radio news in London. His boss, Bill Paley introduced the first radio simulcast from London, Paris, Rome, Berlin and Vienna, via shortwave transmitters accompanied by at least one landline, whose signals were sufficiently strong to reach New York City. Such an innovation obsolesced newspapers because it was live. On the eve of WWII, the new political regime in Berlin practiced censoring of broadcasts from Vienna and Prague. But they were live.

Murrow avoided gathering news stories for CBS from certain kinds of people who would profit from peace at any price, and so they favored appeasement of the Germans. Those greedy individuals included war profiteers. He did, however, put himself in harm’s way because he felt obligated to report directly from the “belly of the beast.” One would think he had a death wish and/or an enormous ego. His employer’s office building was bombed in London while he was on a rooftop across the street. He cheated death many times.

After Germany’s surrender, Murrow reported from Buchenwald and Leipzig. After the war, all radio shows went commercial. The House Un-American Activities Committee (HUAC) began investigating it by subpoenaing scripts of the shows. Murrow became a highly paid radio executive for a year and a half. In the fall of 1947 he made even more money when Campbell’s soup sponsored the interview show he hosted. He took his TV show “See It Now” on location to the Korean war front.

HUAC pressured Murrow to preach hatred for the Soviet Union, or else he would be blacklisted from the broadcasting industry, or worse. Fortunately, he was a sufficiently powerful figure to broadcast what he wanted without getting censored. He was still smeared by the Hearst papers and right-wing leaflet printers.

Murrow had this to say about the interrogations over which freshman Republican Senator Joseph McCarthy presided: “… many of those named by witnesses on camera were never given a chance to reply… the newspapers and magazines… also tended to regard McCarthy’s unsupported charges as proven facts, or at least gave that impression.” He also contended that the senator “… had used sweeping, unsupported statements, hypotheses presented as facts, accusations of lying by witnesses, conversion of a congressional hearing into a trial…” etc., etc., etc. Once again, there’s nothing new under the sun.

Nevertheless, Murrow showed himself to be a hypocrite on more than one occasion in his career. He was a contributor to a sobering Collier’s magazine story published in October 1951, about a hypothetical nuclear war that happened in the summer of 1953. His fictional account covered the part where an atom bomb leveled Moscow. In Paris, he complained via radio about those “…irresponsible magazines in the United States which aid Russian propaganda about American intentions.”

Interesting factoid: At the 1952 presidential conventions, there were twelve hundred each of: casts and crews of news shows and reporters, and political delegates.

Murrow put forth three reasons why the government or journalists lie: “when lying is deemed vital to the national security, or prestige, or face-saving.” As is well known, the use of all three excuses has been abused in meta-lies in past decades; especially those following this book’s writing.

Read the book to learn a wealth of additional information on the power struggles between sponsors and TV-show creators in monitoring show-content due to the tug of war between the profit motive and the role of broadcasting in society as perceived by the creators and regulators; on Murrow’s troubles with the State Department and the FBI; his radio and TV shows; and on how American propaganda is targeted internationally toward specific peoples in specific ways.

Janet & Jackie

The Book of the Week is “Janet & Jackie” by Jan Pottker, published in 2001. This is a double biography– of Janet Lee Auchincloss and Jacqueline Kennedy Onassis.

Born in 1908, Janet Lee grew up in a rich family. Her obsession with equestrianism in her youth and young adulthood saw her through the stressful times of her life. She won many ribbons.

“For an Irish American woman in the late 1920’s, marriage was the only way to move out of an unhappy household.” She wed for the first time when she was twenty. The groom, Jack Bouvier, a drinker and womanizer, was 36. Her daughter, Jacqueline (Jackie) was born the following summer. The pattern of an unhappy household was repeated until the divorce between Janet and Jack was finalized when Jackie was eleven years old. Jackie, too, took up equestrianism. Jack indulged Jackie’s every whim.

Marriage number two was consummated in 1942. There were only about ten years’ difference in age between Janet and Hugh Auchincloss. Janet kept in touch with her former in-laws and stepchildren, and parented them, even though the Bouviers’ social status was a notch below that of the next man she married. For a while, they were snowbirds between their mansions in Washington, D.C. and Newport, RI.

Janet led Jackie to believe that her highest desire should be to have a man love her. Jackie got the message and wed John F. Kennedy. However, although Jackie’s first husband was a womanizer– his family’s politics, newness of riches and internal loyalty were opposite to her family’s.

Joe Kennedy, the patriarch, treated the wedding as just another political campaign– a well-publicized extravaganza to showcase his son. But he shelled out the money for it. They compromised on the religious issues (as Jackie was Episcopalian, sort of):  the ceremony was officiated by an archbishop in the presence of a monsignor and four priests.

As is well known, in 1963, Jackie’s Jack was shot in Dallas, where he died. Fast forward to 1968. Jackie was ready to wed again, to the 62-year old Aristotle Onassis. Her psychological need for a man was evident; for, she sacrificed a sizeable widow’s pension and Secret Service protection in the process.

Read the book to learn a wealth of information, and the information of wealth as the behavior patterns of the daughter’s life, intertwined with her mother’s, became, well, repetitive.

The Deeds of My Fathers

The Book of the Week is “The Deeds of My Fathers” by Paul David Pope, published in 2010. In this tome, the author discussed the lives of his father and grandfather. Annoyingly, lines of dialogue were always accompanied by the word, “said.”

In spring 1906, at fifteen years old, the author’s great grandfather, Generoso Papa, traveled from his birthplace in Italy to New York City. His brother-in-law was already living in America. Papa got a job doing hard, manual labor in the construction trades. His dogged diligence and playing well with vendors, contractors, engineers, building inspectors and city managers led to success. Too, contacts with the Mafia helped maximize profits and crush the competition. By the mid-1920’s, he owned one of the largest construction-industry suppliers in the city. However, workaholic that he was, he never saw his wife and two sons. In January 1927, he had a third son– the author’s father.

In 1928, the author’s grandfather purchased Il Progresso, the largest Italian newspaper in the city. In it, he praised Mussolini, raised money for him, and printed Fascist propaganda. In the ensuing years, he became friends with politicians, including New York City mayors Jimmy Walker and Fiorello LaGuardia, and presidents Franklin Roosevelt and Harry Truman. Roy Cohn helped him purchase a radio station.

In the early 1950’s, the author’s father, who called himself Gene Pope, had a falling out with his mother and older brothers. He was crowded out of the family businesses. In 1952, he struck out on his own and acquired what became the National Enquirer with seed money from a Mafia don. He changed its editorial bent. It became like today’s media. Tabloidy.

This was Pope’s philosophy on his publication’s contents: “Crime was the most important ingredient, followed by scandals, disasters and personalities; the more famous people were, the more they were laid low and humiliated.” Sounds like the 2018 midterm-elections attack-ads in America (!) It seems the candidates want more hate. 

Some candidates claim not to know about the attack ads against their opponents. However, a man is known by the company he keeps, and the candidates keep company with the producers of the ads. It would be different if the ads were 100% true.

And now, a parody, sung to the tune of “The Beat Goes On” (apologies to Cher, and the estate of Sonny Bono):

The hate goes on, the hate goes on
Ads keep pounding a message to the brain
La de da de de, la de da de da

Woo-oo-dstock was once the rage, uh huh
History has turned the page, uh huh
Facebook, the current thing, uh huh

Twitter is our newborn king, uh huh
And the hate goes on, the hate goes on
Ads keep pounding a message to the brain
La de da de de, la de da de da

The Internet’s the new frontier, uh huh
Little minds still inspire fear, uh huh
And leading men still keep assigning blame
Technology lets them stay in the game

And the hate goes on, the hate goes on
Ads keep pounding a message to the brain
La de da de de, la de da de da
Voters sit in Starbucks and complain
Politicians scheming just to gain

Negativity flying faster all the time
NRA still cries, we have to arm ourselves against crime!

And the hate goes on, the hate goes on.
Ads keep pounding a message to the brain.
La de da de de, la de da de da.

And the hate goes on, yes, the hate goes on.
And the hate goes on, and the hate goes on.
The hate goes on, and the hate goes on.

It would be refreshing to see a candidate condemn the attack ads against his opponent, instead of tacitly applauding them, or repeating their contents loudly and often… And instead– actually concentrate on the issues– how he or she is going to be a PUBLIC SERVANT.

In future elections, it would be even nicer to see a political-contribution boycott of the hate-mongers. However, it would take more than one influential, courageous donor to stand up and refuse to be a party to purchasing airtime for the purpose of spreading ugly lies.

But it is the candidates who must ultimately decide to take the high road and grow up. Voters might react favorably to the first side to do so. Even so, this would be an extremely difficult feat. “Everybody does it” is the excuse everybody uses to justify their unethical behavior. Everyone is drowning each other out with a blizzard of defamation. So multiple groups on one side would have to agree to run a wrap-around campaign to promise to spread messages based on substance, and follow through.

That said, unfortunately, honesty isn’t always a guarantee of competence for an elected official. President Jimmy Carter wasn’t widely reputed to be a liar. Yet, most Americans agree, he was a terrible president. Assessing a candidate, and predicting election results are like gambling–  difficult to gauge– because human behavior is unpredictable in the short term.

Anyhow, in 1957, the National Enquirer‘s stories sought to satisfy readers’ morbid curiosity by detailing gruesome occurrences in the city. The publication that was initially drowning in a sea of red ink, turned profitable after years and years. By the mid-1960’s, readers were enthralled by poignant, inspirational stories about underdogs who triumphed, medical matters, celebrity gossip and aliens.

In the early 1970’s, Gene moved his publication’s printing presses from New Jersey to Florida. “He worried about his health, claiming air pollution was killing him, even as he continued to smoke four packs a day.”

Gene spared no expenses in getting a story– bribing anyone and everyone associated with stories to get exclusive, salacious information, and sending his reporters on-location– around the corner or around the world. In this way, the Enquirer acquired a reputation as a tabloid that appealed to the lowest common denominator. The highbrow New York Times didn’t pay interviewees, but instead appealed to their egos, generating favorable publicity for them if they talked.

The author wrote that his father developed psychological problems in his later years, and ruled his empire by fear. He had dirt on various people and let them know it, so that way, he could cash in on a favor from them in the future if he so desired. The son lamented, “No doubt I was spoiled by material things, but not by love.” Read the book to learn the details.