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On September 5, 1929, he gave a speech in which he proclaimed, "Sooner or later a crash is coming, and it may be terrific." Later that day, the stock market declined by about 3%. This became known as the "Babson Break." The Crash of 1929 and the Great Depression soon followed.
Secretary of War Pete Hegseth has approved the second round of appointments to the recently established Science, Technology and Innovation Board (STIB), bringing the newly unified advisory body to a total of 33 members.
By bringing together top-tier talent that combines scientific and technical rigor with private-sector agility, the STIB serves as a single, unified voice for innovation. This newly integrated board replaces competing recommendations with fast, coherent guidance to support and equip the Joint Force.
STIB Members:
• Dr. Mark Albrecht, Ph.D.
• Dr. Michael R. Anastasio, Ph.D.
• Dr. John W. Betz, Ph.D.
• Mr. Alec M. Bierbauer
• Colonel Gregory L. Bowman, U.S. Army (Ret.)
• Dr. Gary D. Butler, Ph.D.
• Dr. Victoria Coleman, Ph.D.
• Mr. Angus Davis
• Dr. Kelvin K. Droegemeier, Ph.D.
• Commander James Galambos, U.S. Navy (Ret.), Ph.D.
• The Honorable James F. Geurts
• The Honorable James P. Gfrerer
• Mr. Kellen Giuda
• Captain James R. Gosier, U.S. Navy (Ret.)
• Mr. John Hering
• Dr. Alicia Jackson, Ph.D.
• Mr. Alex Jacobson
• Colonel Daniel Javorsek, U.S. Air Force (Ret.), Ph.D.
• Colonel Bruce D. Jette, U.S. Army (Ret.), Ph.D.
• Lieutenant Colonel Robert F. Lehman, U.S. Marine Corps (Ret.)
• Mr. Thomas D. Lehrman, J.D.
• Mr. Shaun Maguire
• The Honorable Christopher C. Miller
• Mr. Thomas F. Mooney
• Dr. Milan Nikolich, Ph.D.
• The Honorable David L. Norquist
• Mr. Vayl Oxford
• Mr. John D. Robusto
• Mr. Joshua Steinman
• Lieutenant Colonel Bradford C. Tousley, U.S. Army (Ret.), Ph.D.
• Dr. James Trebes, Ph.D.
• Dr. Steven H. Walker, Ph.D.
• Captain Bryant T. Wysocki, U.S. Air Force (Ret.), Ph.D.
Financial journalist and “1929” author Andrew Ross Sorkin warns a major market crash is coming, we just don't know exactly when it'll happen or just how bad it'll be.