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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.
Whether you're new to economics or just want to deepen your understanding, this course covers the basics and connects them to today’s pressing issues—from inequality to public policy decisions.
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Chicago mobster Al Capone's former hideout
in northern Wisconsin, complete with guard towers and a stone house
with 18-inch-thick walls, was sold for $2.6 million Thursday to the
bank that foreclosed on it.
Chippewa Valley Bank was the only bidder during a five-minute
sheriff's sale in the lobby of the county courthouse in Hayward,
Margie Schull of the Sawyer County Sheriff's Department said. About
30 to 40 people watched as Sheriff Jim Meier conducted the auction,
Schull said.
The bank foreclosed on the 407-acre wooded site about 150 miles
northwest of Wausau in April 2008 and said the minimum bid would be
$2.6 million. The bank had advertised the site as "very private
and pristine."
Bank Vice President Joe Kinnear did not immediately return a
telephone call after the sale. He had said earlier Thursday that he
anticipated "10 to 15 bidders."
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Capone owned the land in the late 1920s and early 1930s during
Prohibition, the bank said. Local legend claims that shipments of
bootleg alcohol were flown in on planes that landed on the
property's 37-acre lake, and were then loaded onto trucks bound for
Chicago.
The two guard towers on the property reportedly were manned with
machine guns whenever Capone visited.
The bank acquired the property after foreclosing on owner Guy
Houston and his company The Hideout Inc., according to court
records.
The Houston family bought the property in the 1950s from
Capone's estate and had operated it as a seasonal bar and
restaurant, known for its prime rib, and offered guided tours
focusing on the Capone lore.
Capone - nicknamed "Scarface" - headed a massive bootlegging,
gambling and prostitution operation during Prohibition and raked in
tens of millions of dollars. He was widely suspected in several
murders but never charged.
He was considered the mastermind of the gangland killing on
Chicago's North Side in 1929, known as the St. Valentine's Day
Massacre. Seven rivals of Capone's gang were gunned down in a
garage, but investigators never could collect enough evidence to
put anyone on trial for the deaths.
Capone was eventually convicted of income tax evasion and spent
part of an 11-year sentence at the infamous Alcatraz prison. He
died in 1947.
Kinnear had said last month that there was interest in Capone's
one-time hideout as a retreat or as possible land for development.
It was once appraised at $3.7 million, he said.
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