Sublime

At Roosevelt’s direction, legislation had been drafted giving the federal government authority to regulate the issuance of securities for the protection of those who bought them. Rayburn, who had seen so many financially unsophisticated farmers invest the little spare cash they had been able to scrape together in worthless stocks or bonds, had

Warren’s house in Emerald Bay became newsworthy later on during Arnold (“The Terminator”) Schwarzenegger’s successful 2003 campaign to become governor of California. Initially, Buffett was a supporter and an economic adviser to Arnold. One campaign issue was how to cut California’s budget deficit. The problem was caused largely by the anti-tax

For a country founded on the idea that rights are inalienable and inherent from birth, we’ve developed a high tolerance for conditional rights and conditional citizenship. And the one condition, it turns out, is money. If you have a lot of it, the legal road you get to travel is well lit and beautifully maintained. If you don’t, it’s a dark alley

our system of civil rights law and enforcement ensures that racial progress occurs at just the right slow pace. Too slow would make minorities impatient and risk destabilization; too fast could jeopardize important material and psychic benefits for elite groups. When the gap between our ideals and practices becomes too great, the system produces a

During the civil rights era, white elites supported the desegregation of public parks and pools because they didn’t use those spaces anyway. They had private clubs. This enraged working-class whites, who called it “integration for everyone but the rich.” In the 1970s, wealthy white liberals resisted rezoning their communities to be more inclusive

In building his state parks, Moses had been uninterested in building for the “lower classes.” He was still uninterested—although now he was building parks in the city, where those classes lived.

Moses built one pool in Harlem, in Colonial Park, at 146th Street, and he was determined that that was going to be the only pool that Negroes—or Puerto Ricans, whom he classed with Negroes as “colored people”—were going to use. He didn’t want them “mixing” with white people in other pools, in part because he was afraid, probably with cause, that