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Facts From 2001 - The Enron Scandal

An accounting scandal of epic proportions took place in 2001. The Enron Corporation was a USA energy company that was formed by Kenneth Lay in 1985 when InterNorth and Houston Gas merged. Lay later recruited Jeffrey Skilling who oversaw a system of "mark-to-market" pricing - a system whereby future profits from deals could be accounted for by es...

Facts From 1959 - Guggenheim Museum Opens in New York

In 1959 , the new Solomon R. Guggenheim Museum opened on Fifth Avenue in New York. The building was designed by Frank Lloyd Wright and featured a cylindrical shape where the upper levels are wider than the lower levels.                               The museum was originally founded in 1939 by art collector Solomon Robert Guggenheim with the aim...

Facts From 1953 - Coronation of Elizabeth II

Following the death of her father , King George VI , from coronary thrombosis at the age of 56 on 6th February 1952 , Princess Elizabeth , the eldest daughter , became Queen Elizabeth II. At the time of death , Elizabeth was in Kenya on a tour of the Commonwealth.The official coronation was held a year later on 2nd June 1953 to allow an appropri...

Facts From 1962 - Cuban Missile Crisis

In October 1962 the world again came close to another World War when the Cold War combatants , USA and Russia came close to outright war following the installation of nuclear warheads on Cuba - some 90 miles from Florida. The crisis became know as the Cuban Missile Crisis and it lasted one month and four days during which the world held its brea...

Facts From 1943 - Operation Mincemeat

During the dark days of World War II , Operation Mincemeat was a daring and ultimately successful British intelligence deception operation to convince the Germans that the Allied Forces were planning to invade Greece and not Sicily.The operation was based on the 1939 Trout Memo written by Admiral John Godfrey , the Director of Naval Intelligence...

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