Fifty years ago, Oregon exploded a whale with a half-ton of dynamite

The spectacular failure, and the remarkable local newscast that captured the event, have since become enshrined in Oregon history, so beloved that Florence residents voted to name a park earlier this year after the detonated sea mammal. To celebrate the event’s 50th anniversary on Thursday, the Oregon Historical Society released a remastered video of the original broadcast and the TV station interviewed the former employees who recorded it.

“I was asked about it, virtually every day of my life, or commented on it, by everybody, strangers alike,” Paul Linnman, the on-camera reporter, told KATU.

When the whale washed ashore on Nov. 9, 1970, as Linnman reported at the time, it had been so long since the community had encountered a beached cetacean that no one knew how to dispose of the animal.

As officials pondered the problem, the body began to decay, festering until the surrounding beach smelled of rot.

Read More

The Nifty Fifty Have a Message for the Tech Obsessed

(Bloomberg Opinion) — Even with its biggest weekly setback since the early days of the Covid-19 pandemic in March, a small group of technology-related stocks remain well up for the year, as evidenced by the 70% gain in the NYSE FANG+ Index. This select group of 10 companies consists of such household names as Facebook Inc., Amazon.com Inc., Netflix Inc. and the parent of Google (hence “FANG”).  The broader market isn’t doing as well, with the S&P 500 Index up only around 1% for the year and the New York Stock Exchange Composite Index down some 11%.

Loading...

Load Error

Sure, there are plenty of reasons for the explosion in these stocks. The companies are forecast to have huge earnings in future years, which when discounted back to the present at today’s low interest rates results in large numbers that many believe justify the lofty stock prices. The risk-free 10-year Treasury

Read More