World heavyweight champion Joe Louis, successfully defends his title by knocking out Max Schmeling, of fascist Germany, in the first round. This victory deals is serious blow to the Nazi myth of Aryan racial superiority.
[restored 7/18/2022]
Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!
—- Isaiah 5:20
When you see that in order to produce, you need to obtain permission from men who produce nothing; when you see that money is flowing to those who deal not in goods, but in favors; when you see that men get rich more easily by graft than by work, and your laws no longer protect you against them, but protect them against you. … you may know that your society is doomed.
—- Francisco d’Anconia, Atlas Shrugged
The New Deal II (1935 – 1939) continues: Democratic (socialist/fascist) de facto President Franklin Roosevelt, Esq., signs the Chandler Bankruptcy Act, removing investment banks from the reorganization of insolvent corporations, instead empowering Federal bankruptcy courts with the authority to appoint trustees who do not represent the interests of investors.
NOTE: As an attorney (Officer of the Court) Roosevelt was ineligible to serve in two branches of government at the same time, according to Article I, Section 6 [Clause 2].
[added 7/18/2022] Thanks to Bill Holmes for this entry.
Subsequent Events:
Authority:
Article I, Section 8 [Clause 4]
ccc-2point0.com/constitution-for-the-united-states
References:
Calvin D. Linton, ed., The Bicentennial Almanac: 200 Years of America, 1776-1976, (Nashville, Tennessee: Thomas Nelson, 1975), 345.
Encyclopedia of Banking and Finance, s.V. “New Deal,” 753.
Bankruptcy Act of 1938 – Wikipedia, the free encyclopedia
en.wikipedia.org/wiki/Bankruptcy_Act_of_1938
The New Deal
www.uri.edu/artsci/newecn/Classes/Art/INT1/Mac/1930s/new_deal.htm