Book Review – Shattered
2 hours ago
The late 1870s birthed one of the most infamous sex scandals in history, with all the trappings of power, lust and deadly gunplay.
It began when minister Isaac Kalloch moved here from back East to become a pastor. Tales of illicit sexual exploits trailed him, and when he ran for mayor, Chronicle Publisher Charles de Young went on an opposition warpath. "Driven forth from Boston like an Unclean Leper, his trial for adultery, his escapade with one of the Tremont Temple Choristers," read one of the headlines. Kalloch railed back that de Young was, according to "The Magnificent Rogues of San Francisco" by Charles Adams: "The bastard progeny of a whore, born in the slums and nursed in the lap of prostitution."
An infuriated de Young shot Kalloch in 1879, but Kalloch recovered and was elected mayor. Kalloch's son was a better shot: He gunned de Young down in the newspaper office the next year, killing him.
If the bail-outs are well handled, taxpayers could end up profiting from their reluctant investment in the banks. If regulators learn from this crisis, they could manage finance better in the future. If the worst is avoided, the healthy popular hostility to a strong state that normally pervades democracies should reassert itself. Capitalism is at bay, but those who believe in it must fight for it. For all its flaws, it is the best economic system man has invented yet. Capitalism is at bay, but those who believe in it must fight for it. For all its flaws, it is the best economic system man has invented yet.