Get the Daily Edition free by email every day and never miss our top stories. Fill in the form below:
By signing up to The Times of Israel mailing list, I hereby accept The Times of Israel Terms of Use and Privacy Policy, and I agree to receive the latest news & offers from The Times of Israel and its partners or ad sponsors.
Cahn was an American lyricist, songwriter and musician. He is best known for his romantic lyrics to… [More] films and Broadway songs, as well as stand-alone songs premiered by recording companies in the Greater Los Angeles Area. He and his collaborators had a series of hit recordings with Frank Sinatra during the singer’s tenure at Capitol Records, but also enjoyed hits with Dean Martin, Doris Day and many others. He played the piano and violin and he won the Academy Award four times for his songs, including the popular song “Three Coins in the Fountain.” [Less]
1918: Franco Modigliani
Modigliani was an Italian economist at the MIT Sloan School of Management and MIT Department of Economics, and… [More] winner of the Nobel Memorial Prize in Economics in 1985. Born in Rome, Italy, he left Italy in 1939 because of his Jewish origin and antifascist views. When he was a professor at the Graduate School of Industrial Administration of Carnegie Mellon University in the 1950s and early 1960s, Modigliani made two path-breaking contributions to economic science: Along with Merton Miller, he formulated the important Modigliani–Miller theorem in corporate finance which demonstrated that under certain assumptions, the value of a firm is not affected by whether it is financed by equity (selling shares) or debt (borrowing money). Second, he was also the originator of the life-cycle hypothesis, which attempts to explain the level of saving in the economy. Modigliani proposed that consumers would aim for a stable level of consumption throughout their lifetime, for example by saving during their working years and spending during their retirement. [Less]
1929: Tibor ‘Ted’ Rubin
Rubin was a Hungarian-born Holocaust survivor who emigrated to the United States in 1948 and received the Medal… [More] of Honor for his actions in the Korean War by President George W. Bush on September 23, 2005. Rubin was repeatedly nominated for various medals and awards but was overlooked because of anti-Semitism by a superior: according to The Washington Post, “in affidavits filed in support of Rubin’s nomination, fellow soldiers said their sergeant was an anti-Semite who gave Rubin dangerous assignments in hopes of getting him killed.” Rubin was born in Pásztó, a Hungarian town with a Jewish population of 120 families, the son of a shoemaker and one of six children. At age 13, he was transported to the Mauthausen concentration camp in Austria that was liberated two years later by American troops. Both his parents and two of his sisters perished in the Holocaust. [Less]