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Top related persons:
Granville - 1 Woods - 1 Thomas Edison - 1 he'd - 1 — - 1 Edison - 1 George Westinghouse - 1 Frank Sprague - 1
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2 mentions found


☆ Thomas Edison tried to take credit for a device created by a Black American inventor
  + stars: | 2023-12-02 | by ( Yoonji Han | ) www.businessinsider.com   time to read: +6 min
Granville T. Woods was one of the most prolific Black inventors in the 19th century. Woods' inventions revolutionized transportation, but he faced many challenges as a Black inventor. One such inventor was Granville T. Woods, the most prolific Black inventor in the late 19th century. Woods, ironically, was dubbed "Black Edison" by newspapers at the time for his contributions to science. Historians ascribe Woods' decision to sell his hard-won patents to an acknowledgment that it was difficult to market Black American inventions to a largely white audience.
Persons: Granville, Woods, Thomas Edison, he'd, —, Edison, George Westinghouse, Frank Sprague, Rayvon Fouché, Lewis H, Latimer, Shelby J, Davison, couldn't, Lucius Phelps, Michael C, Christopher Organizations: Service, Woods, Co, United States Patent, National Inventors Hall of Fame, Edison, Edison Company, Getty, Westinghouse, General Electric, American Engineering, of Black Studies Locations: Cincinnati , Ohio, Columbus , Ohio, Australia, African American
☆ A leading fund manager warns that regional banks could cause 'financial Armageddon' — unless the government makes 2 crucial moves immediately
  + stars: | 2023-03-19 | by ( James Faris | ) www.businessinsider.com   time to read: +8 min
Financial stress stemming from Silicon Valley Bank's collapse could spread, a top fund manager said. But that in itself is becoming an under-the-radar issue, he noted, as large banks' strength is now coming at the expense of regional banks — even those without issues. Since most regional banks aren't classified as "systemically important," their clients would be out of luck in the event of a bank failure, Hatfield noted. Unless the FDIC insures all deposits at all banks, Hatfield said that there will be no reason to put money in a non-protected regional bank. So they'll have a negative interest margin, they'll lose money, they'll get downgraded, and they'll go out of business."
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