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How did the Joseph P. Kennedy Sr know to sell his stocks?

In the late 1920s, Kennedy made a series of highly profitable stock market investments and became one of the wealthiest people in the United States. However, he was also criticized for his insider trading practices and was accused of manipulating the stock market to his own advantage.

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Joseph P. Kennedy Sr. (1888-1969) was a prominent American businessman and politician who served as the United States Ambassador to the United Kingdom from 1938 to 1940. He is perhaps best known as the father of President John F. Kennedy, as well as Senators Robert F. Kennedy and Ted Kennedy.

Kennedy made a fortune in the stock market and became a prominent figure in the financial industry. He was known for his aggressive investing style and was involved in a number of high-profile business deals. He is also remembered for his role in the stock market crash of 1929 and the subsequent Great Depression.

In the late 1920s, Kennedy made a series of highly profitable stock market investments and became one of the wealthiest people in the United States. However, he was also criticized for his insider trading practices and was accused of manipulating the stock market to his own advantage.

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On October 24, 1929, known as Black Thursday, the stock market experienced a dramatic crash, leading to the Great Depression. Kennedy, who had sold most of his stock holdings prior to the crash, was able to weather the economic downturn and emerge as a successful investor once again. However, his reputation was tarnished by his association with the stock market crash and he faced criticism for his role in the economic disaster.

There have been allegations that Kennedy engaged in insider trading during the stock market crash of 1929. Insider trading is the practice of buying or selling securities on the basis of material, nonpublic information, which is illegal in the United States.

According to these allegations, Kennedy received advance warning of the market crash from a member of the Federal Reserve Board and used this information to sell his stocks before the crash, thereby avoiding significant losses. Kennedy denied these allegations and no evidence has ever been found to support them.

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It should be noted that the laws regarding insider trading were not as well-defined in the 1920s and 1930s as they are today, and it is possible that Kennedy may have engaged in activities that would be considered insider trading under today’s laws without necessarily intending to do so.

There have been various theories about Kennedy’s role in the stock market crash of 1929, including accusations that he contributed to the market’s instability through his insider trading practices and that he profited from the crash by selling his stock holdings before the market collapsed. However, there is no definitive evidence to support these claims and the true cause of the crash remains a subject of debate.

Overall, Joseph P. Kennedy Sr. had a significant impact on the stock market and his business dealings and investments had far-reaching consequences.

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Prescribed burns at Ha Ha Tonka State Park, Camdenton Missouri Lake of the Ozarks

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CAMDENTON, MO – On Saturday, March 8, 2025, the Missouri Department of Natural Resources, in collaboration with the National Park Service, carried out a series of prescribed burns at Ha Ha Tonka State Park. The controlled fires, initiated early this morning, aimed to reduce wildfire risks, promote native plant growth, and maintain the park’s ecological balance.

The timing of the burns aligns with early spring conditions, which park ecologists say are ideal for minimizing impact on wildlife while maximizing ecological benefits.

Today’s burns mark the first major fire management activity at Ha Ha Tonka in 2025, with additional burns potentially scheduled later this year depending on weather and resource availability. Park officials emphasized that these efforts are part of a broader commitment to preserving Missouri’s natural heritage for future generations.

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Trumps Address to the Joint Session of Congress sends Mr. Green being thrown out with in minutes.

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Trumps Address to the Joint Session of Congress sends Mr. Al Green Green being thrown out with in minutes. Trump calls out Democrats saying no matter what he says or does they will not stand. The camera flashed shots of the Democrat party with signs that said Musk Steals. Trump continued the speech strong by asking them to enjoy the republicans with the wins of the county.

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Osage Beach Operating Budget shows Significant Increases in Personnel and Capital Spending.

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The City of Osage Beach Board of Aldermen officially adopted the FY2025 Operating Budget on December 19, 2024, outlining a comprehensive financial plan for the upcoming fiscal year. The budget, spanning 69 pages, projects total expenditures across all funds at approximately $38 million, reflecting a strategic focus on personnel growth, infrastructure improvements, and operational stability.

Personnel Expenditures See Major Boost

The FY2025 budget allocates $10,941,704 for personnel expenditures across all funds, marking a 12.4% increase from the FY2024 budget of $9,736,098 and a 21.2% jump from the FY2024 projected year-end total of $9,031,206. Key highlights include:

  • Salaries: Rising to $6,978,788, a 12.2% increase from FY2024’s budget and an 18.8% increase from the projected year-end, reflecting new hires and wage adjustments.
  • Per Meeting Expense: Surging 55.8% to $48,000, driven by increased meeting frequency or compensation rates.
  • Overtime and Holiday Pay: Overtime is budgeted at $417,400 (up 40.1%), while holiday pay rises to $212,402 (up 22.9%), indicating heightened staffing demands.
  • Retirement 401 Contributions: A significant 28.2% increase to $773,225, underscoring the city’s commitment to employee benefits.

The personnel schedule details a total of 136 authorized positions, including 117 full-time and 19 part-time roles, with notable growth in departments like City Clerk (from 1.5 to 3 full-time equivalents) and Engineering (from 2 to 4 FTEs) compared to FY2024.

Capital Investments Prioritize Infrastructure

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Capital expenditures for FY2025 are set at $16,990,032, a slight 5.1% decrease from FY2024’s ambitious $17,907,575 budget, though a dramatic 197.3% increase over the FY2024 projected year-end of $5,714,260. Major investments include:

  • Transportation Fund: $6,274,726, a 17.3% increase, funding projects like the Salt Barn Roof replacement, Highway 42 Sidewalk construction, and Osage Beach Road improvements.
  • Lee C. Fine Airport Fund: $4,986,982, up slightly from FY2024, supporting ongoing airport enhancements.
  • 911 Center: A standout $447,247 allocation (384.8% increase), including an AIS P25 Upgrade and dispatch relocation, addressing critical communication needs.

Conversely, departments like Parks & Recreation ($333,800, down 54.7%) and Information Technology ($25,492, down 77.3%) see reduced capital spending, reflecting a shift in priorities.

Operations & Maintenance Stabilizes

Operations and Maintenance (O&M) expenditures total $10,182,427, a modest 1.4% decrease from FY2024’s $10,324,068 budget, though up 10.6% from the projected year-end of $9,209,616. Notable changes include:

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  • Human Resources: A striking 228.9% increase to $365,117, likely tied to expanded staffing and training initiatives.
  • Building Inspection: Up 130.7% to $79,510, supporting heightened regulatory activity.
  • Engineering: A 52.2% cut to $261,100, aligning with completed projects from FY2024.

Employee Pay Plan Adjustments

The budget introduces an updated Employee Pay Plan effective January 1, 2025, with pay ranges spanning Level 6 ($32,604-$47,276) to Level 16 ($124,293-$198,868). Positions like City Administrator and City Attorney top the scale, while roles such as Airport Technician and Records Clerk anchor the lower end. The plan reflects periodic reviews mandated by City Code Section 125.050, accommodating new positions and level adjustments.

Looking Ahead

The FY2025 budget underscores Osage Beach’s focus on workforce expansion, infrastructure resilience, and essential services, balancing growth with fiscal prudence. With a total personnel authorization of 123.19 FTEs (up from 117.19 in FY2024), and significant capital commitments, the city aims to enhance public safety, transportation, and community amenities. Residents can expect increased activity in key departments, though some operational budgets tighten to offset these investments.

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For more details, the full FY2025 Operating Budget is available through the City of Osage Beach administrative offices.

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