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Useless Information Podcast

UI #109 - The Case of the Phantom Vegetable Oil

Useless Information Podcast

Airwave Media Podcast Network

History, Comedy, Society & Culture

4.61.8K Ratings

🗓️ 29 January 2018

⏱️ 45 minutes

🧾️ Download transcript

Summary

In the late 1950's and early 1960's, Anthony "Tino" De Angelis ran a global salad oil empire. Find out how Tino grew his business so quickly, his shocking downfall, how JFK’s assassination ties into the story, and the way that one of the world's richest men today made a good chunk of change off of everyone else’s misfortune. Also learn about the original name for the game Twister, a doctor or strongly discouraged excessive exercisem a glue sniffing fad, and people that consumed lemon-scented dish soap. Retrosponsor: Title Insurance and Trust Co. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an airwave media podcast.

0:05.0

This episode is brought to you by Pepsi Max.

0:09.0

Christmas is great, but there's loads of ways to make it better like sneaking some chili into the gravy

0:15.3

for some extra oomps or building a playlist that will even get your none up on the table.

0:21.6

Or just cracking open an ice cold Pepsi Max. Christmas, better with Pepsi Max. This episode is brought to you by Krakin.

0:34.4

Krypto is like the financial system, but different.

0:38.0

He doesn't care where you come from, what you look like, your credit score,

0:42.0

or your outrageous food delivery habits.

0:45.0

crypto is finance for everyone, everywhere, all the time.

0:49.0

Visit Krakon.com slash see what crypto can be to learn more don't invest in as you're prepared to lose

0:56.0

all the money you invest this is a high-risk investment and you should not expect to be

0:59.6

protected if something goes wrong this is is the Useless Information Podcast. I am Steve Silverman.

1:05.4

Useless Information. Today's word of the day is commodities and no I'm not going to give you a long

1:16.7

lecture on how they work or how to invest in them in fact I'm far from an expert

1:21.5

on the topic.

1:23.0

Now if you're not exactly sure what a commodity is, and I'm sure there are many people that don't,

1:28.0

it's probably best, at least for the purpose of today's story,

1:31.0

to think of them as a raw material, you know, something that could be

1:34.0

purchase, process, and then turned into something else that we can buy.

1:38.1

Examples of commodities would be wheat, corn, cattle, oil, gold, you know, and so on.

1:44.4

The first time that I recall ever hearing about commodities was back in 1983.

1:49.6

That's when I was watching the movie trading places with Dan Acroyd and Eddie Murphy. In that story the Duke

...

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