ADOLPH OCHS NEW YORK TIMES
On August 18th, 1896: Entrepreneur Adolph Ochs bought a struggling newspaper called The New York Times. Ochs had gotten his start down South in Tennessee when, at the age of 11, he went to work in the offices of the Knoxville Chronicle. After rescuing the almost bankrupt Chattanooga Times, Ochs set his sights on The New York Times, a money-losing paper with dozens of competitors. In addition to coining the now iconic slogan “All the news that’s fit to print,” Ochs also pulled The New York Times out of it’s financial sinkhole and set it up to be New York’s premier publication.
MIDTOWN MANIC FOR TAP
On August 18th, 1996: A record-breaking 6,654 people showed up to take part in Macy’s annual Tap-o-Mania, a tap-dancing extravaganza on the streets of midtown. The event brought together dance enthusiasts from around the world to Herald Square, where they learned a choreographed tap dance from dance instructors stationed throughout the crowd. At the end of the day, all 6,654 participants performed the dance in sync in a grand tap event for the ages.
BORN ON THIS DAY: TIMOTHY GEITHNER
On August 18th, 1961: Former US Secretary of the Treasury Timothy Geithner was born in Brooklyn. After a childhood spent abroad, Geithner got his start as a banker in Washington as well as the attache to the American Embassy in Tokyo. His big break came in 2003 when he returned to his native city as the President of the Federal Reserve Bank of New York. As such, he played a key role in the recent financial crisis, including making the noteworthy decision not to bail out Lehman Brothers Inc, forcing them to bankrupt. Geithner’s recent work has once again catapulted him into the public eye as the US Secretary of the Treasury under President Obama until 2013.
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