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Aereo declared bankruptcy shortly afterward. Goodfriend surmised that a non-profit organization would be exempt from the provision; Locast became his proof of concept. "Locast" is a portmanteau of "local" and "broadcast". [7] [8] [9] Goodfriend initially funded the service via a line of credit from an undisclosed entrepreneur. [10]
Goody's was founded in 1953 in Athens, Tennessee, by M. D. Goodfriend as an offshoot of a family retail business, The M. Goodfriend Store, that the founder's father, Mike Goodfriend, had started in Athens in 1913. The new store, Athens Outlet Store, focused on the sale of closeout, irregular, and previous-year merchandise.
John Halle Gutfreund [1] (14 September 1929 – 9 March 2016) was an American banker, businessman, and investor. He was the CEO of Salomon Brothers Inc., an investment bank that gained prominence in the 1980s.
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Goodfriend has been described as conservative [10] [11] [12] and was skeptical of monetary policy instruments that were employed by the Federal Reserve under Janet Yellen.He was a critic of an actively regulating role of the Fed and has repeatedly argued against the current form of quantitative easing as well as bond buying programs, [13] especially the purchases of mortgage-backed securities.
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