THE CHYRON/News Ticker
Most contemporary newscasts run a line of text to accompany their reporting, a concept that traces back to New York City and the first news ticker. Known as the “the Zipper,” the Motograph News Bulletin used nearly 15,000 lightbulbs to transmit the latest directly to denizens of Times Square. Engineer Frank C. Reilly put the concept into reality, launching the ticker on November 6th, 1928. The first message? HOOVER DEFEATS AL SMITH.
The Hedge Fund
Four trillion dollars are under hedge fund control these days, but a century ago they didn't exist. Benjamin Graham, an immigrant New Yorker overcoming an impoverished upbringing, came up with the concept when he founded the Graham–Newman Corp. in New York City in 1926. Credited with being behind the world's first hedge fund, Graham also made a name mentoring Warren Buffet and becoming known as the “father of value investing.”
Batman
Stately Wayne Manor is not the point of origin for Batman. Although he made many billions for Hollywood, the character's origins are with humble kids of immigrants in the Bronx. Bill Finger and Bob Kane introduced Batman to the world in Detective Comics #27 in the spring of 1939. By lore, Kane came up with the character from a bench in Poe Park, which sits alongside the final home of another famed Bronx resident, Edgar Allan Poe.
Source: “Made In NYC,” by Ethan Wolff, March 2024, City Guide New York
Contributed by Bobbie Roggemann