Features
These children of Jewish mobsters were kept well shielded from their fathers’ affairs
By BERNIE BELLAN
What’s it like growing up the child of a mobster – and a Jewish mobster to boot?
The idea of stringing together various stories about children of Jewish mobsters came to me as I started to read a terrific new book that was sent to our office, totally unexpectedly.
The title of the book is “The Apple and the Shady Tree”. The author is someone by the name of Lisa Novick Goldberg. The book is available on Amazon in either paperback or Kindle format.
There were a couple of ideas that kept crossing my mind as I read Lisa Novick Goldberg’s book. One was: Are criminals self-isolating during these extraordinary times? After all, they don’t adhere to society’s norms at the best of times. Why would they lower themselves to start following the same rules that should apply to everyone else? What would someone whose livelihood depends on providing others with something that’s illegal to begin with – such as drugs or other contraband, gambling, and prostitution, do when most of us are told to self-isolate?
I worry for those types of people. It must be even more difficult for them to get by than it is for the rest of us. Think Tony Soprano and his psychiatrist.
Secondly, as soon as I started to read this book, I thought to myself: We’ve had stories that are similar in nature written about in the pages of this paper before. In 2014 I wrote a review of a book titled “Davey the Punk”, which was written by a well-known Canadian musician by the name of Bob Bossin – whose father was Dave Bossin (or “Davey the Punk” as he was known to all his friends).
In 2017 Martin Zeilig wrote a fascinating story for us about someone named Al Smiley, who was best friends with Ben “Bugsy” Siegel. Smiley was actually a former Winnipegger and Martin interviewed his daughter, whose name is Luellen Smiley.
As well, in 2015 CBC Radio ran an interview conducted by Anna Maria Tremonti with Sandra Lansky following the publication of Sandra’s memoir of growing up the daughter of Meyer Lansky, who was known as “the brains of the Mob”. Sandra Lansky’s book is titled “Daughter of the King: Growing up in Gangland”. I haven’t actually read that book, but I have listened to the interview a couple of times. It remains one of the greatest interviews I ever heard Anna Maria Tremonti do. (It ranks up there with Jian Ghomeshi’s interview with Billy Bob Thornton as one of the most riveting pieces of radio I’ve ever heard.)
As a matter of fact, I’ve urged the Jewish Heritage Centre of Western Canada to mount an exhibit on Jewish gangsters – in a departure from the standard custom of harkening back to a rose-coloured past that doesn’t shed much light on some of the more unsavoury aspects of Jewish life. Of course, if the JHCWC were actually to mount such an exhibit, whoever would be doing the research for it might not live long enough to see what comes of it.
I’ve also asked the organizers of Limmud whether I can present a talk at Limmud on Jewish mobsters – including many Russian oligarchs, but so far I haven’t been granted permission. Maybe next year I’ll be told to go ahead. There are a number of individuals I know who can provide me with first-hand information, some of whom are subscribers to this paper, yet whose identities must remain a secret.
But, to return to the original focus of this article: What’s it like to grow up the child of a gangster?
Here’s what Luellen Smiley, Bob Bossin, and Lisa Novick Goldberg had to say, in part:
From Martin Zeilig’s interview with Luellen Smiley: “Some children are silenced. The pretense is protection against people and events more powerful than them. As the daughter of Allen Smiley, associate and friend to Benjamin ‘Bugsy’ Siegel, I was raised in a family of secrets…
“When I was exposed to the truth by way of a book, I kept the secret, too. I was 13. My parents divorced, and five years later, my mother died. In 1966, I went to live with my father in Hollywood. I was forbidden to talk about our life: ‘Don’t discuss our family business with anyone, and listen very carefully to what I say from now on!’ But one night, he asked me to come into his room and he told me the story of the night Ben was murdered…
“After my father died, I remained silent, to avoid shame, embarrassment and questions. But 10 years later, in 1994, when I turned 40, I cracked the silence. I read every book in print – and out of print – about the Mafia. Allen Smiley was in dozens. He was a Russian Jew, a criminal, Bugsy’s right-hand man, a dope peddler, pimp, a racetrack tout. I held close the memory of a benevolent father, wise counselor, and a man who worshipped me.
“I made a Freedom of Information Act request and obtained his government files. The Immigration and Naturalization Service claimed he was one of the most dangerous criminals in the country. They said he was Benjamin Siegel’s assistant. They said he was poised to take over the rackets in Los Angeles. He didn’t; he sold out his interest in the Flamingo, and he went to Houston to strike oil…
“It seems there is no end to the stories surrounding Ben and Al. I am not looking for closure. I’ve become too attached to the story. To me, he was a benevolent father, a wise counsellor and a man who worshipped me.”
Here’s an excerpt from my review of “Davey the Punk”, about Bob Bossin’s father, Dave Bossin: “As well – as he explains during the course of the book, he had to piece together his father’s past – which was kept well-hidden from him as he was growing up, and which largely remained a mystery to him until he was well into his 40s, through a series of interviews he conducted with relatives, friends of his father, and other individuals who happened to have dealings with Davey.”
Finally, we have Lisa Novick Goldberg’s memoir of growing up in a Mob-connected household with her father, whose name was John (or, as he was known to his friends, “Jonny”) Novick. Actually, his real name was “Herbert”, Lisa explains, but his Italian gangster friends thought that Herbert wasn’t the kind of name that a gangster should have, so they told him to change it to Jonny. In another fun aside, Lisa says that her father’s mother couldn’t pronounce the name Herbert anyway; she always called him “Hoibert”! Now that wouldn’t have placed him in good stead with his mostly Italian underworld friends, would it have? Also, since almost every gangster mentioned in this book had a nickname (My favourite was “Johnny Eggs”, because his mother raised chickens on a farm), it’s hard not to look upon these guys –who would slit your throat without hesitation if need be, with a certain fondness.
As with Luellen Smiley and Bob Bossin, Lisa Novick claims she had no idea about her father’s sordid background when she was growing up. She does say that when he was home, which wasn’t very often, he was always on the phone – and she wondered what he was talking about, but you can hardly expect a kid to understand what it is that their father is doing to make a living when he takes great pains to keep it shrouded in mystery.
It wasn’t until Lisa was a young adult that she was able to learn the truth about her father. She was actually summoned to appear before a grand jury in New York when she was only 22 (in 1980). While she denied having any knowledge of her father’s connections to the Mafia (he was actually well connected to the Genovese family – one of the five “families” that make up New York’s Mafia underworld), Lisa admits that, by that time, she was pretty much aware that her father was immersed in a wide range of illegal activities.
John Novick’s ostensibly legitimate business was as the biggest supplier of soft pretzels in New York City, with all the major sports venues being his customers. As well, he had kiosks near subway stations throughout the city. Lisa gives quite a detailed explanation of how money is laundered through what appear to be legitimate businesses, yet in footnotes that she provides throughout the book, she explains that she had to research almost everything she describes by looking at FBI archives and court transcripts, as well as other books and articles about New York’s Mafia underworld.
Yet, even though Lisa did realize her father was earning his income illicitly – for the most part (she does relate a series of hilarious business ventures in which he was involved that all failed), she doesn’t judge him at all harshly. In fact, she admits that she was always much closer to her father than her mother, whom she describes as having a terrible temper and much less gregarious than her extremely popular father.
One other aspect of John Novick’s career as a criminal is that, unlike almost everyone of his Mafia cohorts, he was never indicted and never served any time in jail. Although he comes across as someone who succeeded in making money despite his own inability to properly organize his affairs, apparently he was so popular with almost everyone who was involved in illegal activities that he benefited from his close relationships to the point where he was able to count on the largesse of some of the most vicious criminals in New York City for over 50 years. He also had a fantastic ability to do complex math calculations quickly, which proved invaluable to him as a gambler, which was his favourite pastime.
John Novick died in 2014. He had a myriad of health conditions when he was admitted to hospital one year before his death, principle among them being severe obesity. He weighed over 300 pounds when he was first hospitalized but had shrunk to a mere 150 pounds by the time he died. Reading about his voracious eating habits is quite repelling, although fascinating at the same time. He could devour a four-pound lobster, followed by a streak drowning in butter, Lisa writes, topped off by everything that was on a dessert tray that was brought to his table.
But, what of these mobsters’ children’s connections to their Jewishness? In none of the three cases I’ve cited does being Jewish play much of a role in their childhoods, other than when it comes to food. Lisa Novick says that both her parents were not at all involved in Jewish life. They didn’t attend synagogue nor did they observe any of the Jewish holidays (although she does describe her father’s weird habit of fasting on Yom Kippur by staying in bed and doing nothing but watch television. That was his only nod to Jewish observance, she writes.)
As far as Sylvia Lansky goes, by the way, considering that her father was probably the most famous Jewish mobster of all time, what I remember best about her interview with Anna Maria Tremonti were some of her anecdotes about meeting famous celebrities. She tells the story of encountering Frank Sinatra in a New York restaurant one time when she was a little girl. Sinatra came over to the table where she was seated with her mother and father, but he accidentally knocked over the ice bucket that held a bottle of champagne directly on to her lap.
Sylvia describes how a look of mortal fear came into Sinatra’s eyes; clearly he thought that Meyer Lansky might order a hit on him right then and there. When Anna Maria asked Sylvia how she felt at that moment, I’ll always remember her answer: “I was cold.”
Sylvia also relates her own torrid love affair with Dean Martin. He could make love six times in one night, she recalls during the interview. Jews and Italians – joined at the hip, and often other places as well.
So – these were all spoiled children of men who made their money illegally – and none of them wondered where all the money was coming from. Is that unusual? I’m not so sure.
It’s one thing to not know what your father does for a living, but it’s another thing to see your house fill up with material goods – as was the case with all four of these mobsters’ children. Wouldn’t you wonder how your father was able to acquire so much “stuff” – and why were all their fathers so secretive about what they did?
I’ve barely mentioned the mothers of the children who grew up with mobster fathers. I suppose one can make a “deal with the devil” fairly easily if need be. There’s a lesson in here somewhere about how people can rationalize their behaviour. Yet, I’m sure you’re just like me in agreeing that reading about the family lives of mobsters – just as it was depicted on “The Sopranos” is noteworthy not for its excitement, but for the extreme pains criminals take to keep their lives as mundane as yours or mine.
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.
Features
Why Reading Online Reviews Matters Before Making a Purchase
People usually pause before purchasing to read reviews from other customers. It’s become part of everyday online life, a quick way to see how something really performs before making a decision. According to the Pew Research Center, most internet users read reviews to get a better idea of what they’re buying. The feedback from actual users becomes more reliable than marketing statements because it comes from everyday consumers instead of sales-oriented corporate messages.
Reading reviews also helps spot patterns. If the same comment, good or bad, appears again and again, it usually means there’s truth to it. People now use this collective feedback as their main method to evaluate online products and services for quality and reliability.
When There Are Too Many Options, Reviews Narrow the Field
Shopping online can be overwhelming and a bit of an adventure. There are always more options than anyone needs, hundreds of gadgets, countless household tools, endless entertainment subscriptions. All listings present themselves as excellent value propositions with operational excellence, yet it remains a bit of a challenge when it comes to verifying which ones deliver actual results.
Reviews become useful at this point. Real users provide information about product details, which marketing content fails to show, by sharing their experiences about delivery speed and setup ease and product durability after several months of use. The product details show its operational behavior when used in regular business activities.
Users tend to begin with reviews. For instance, a tech product might have amazing packaging but fall short on battery life or integration. Maybe a new game or casino platform might sound promising, and reviews on trusted choices can confirm whether it includes flexible payment options, a wide content library, and responsive support. When feedback keeps mentioning strong points like clear instructions or helpful customer service, it shows consistency. The product or service delivers its expected results because customers have personally seen its performance.
Reviews Build Faith Through Shared Experience
Reviews gain their strength from the emotional bonds which readers find with each other. Reading about someone else’s experience feels familiar, even if you don’t know them. It’s basic word-of-mouth marketing, like receiving recommendations from a neighbor who has already purchased the item you are considering.
This shared experience has built an informal community of online voices. People rely less on what a brand claims and more on what other users notice. When different reviewers mention similar strengths or small frustrations, it adds authenticity. The story becomes more believable.
Reviews show what other users have experienced, but they do not offer any guidance about what to do. This type of his collective info turns into an important part of how people build trust online. It’s a small thing, but it makes a big difference in how confident we feel about the choices we make.
Balanced Feedback Feels More Honest
A perfect score does not prove that something lacks any imperfections. A combination of positive and less-than-perfect feedback creates a more authentic impression. Small complaints about packaging or delivery delays make glowing reviews sound real. A recent study showed that participants answered honestly instead of trying to make their responses attractive to others.
Most readers know that nothing works flawlessly all the time. People look for reviews which provide both positive and negative aspects because they want to find balanced opinions. Customers can establish realistic purchase expectations through combined information which they can apply before buying. Review systems maintain their value because reviewers maintain honesty in their assessments.
Why Recency and Volume Matter
The best reviews and product ratings are the ones written recently. They reflect how a product or service performs right now, not how it worked a year ago. Things change, materials, delivery services, and even the way companies handle support.
A steady flow of new reviews suggests consistency. When lots of people share their experiences over time, patterns appear. Those patterns tell readers what’s typical, not just what’s possible. It’s the difference between one person’s lucky experience and a reliable average that others can count on.
Quantity matters too. Ten balanced reviews from this month will usually tell more than a single five-star comment from last summer. Together, recency and volume create a clear picture of reliability and quality without relying on assumptions.
Recognising Genuine Reviews
Not every review online is authentic, real, and written by a consumer. Some are written by automated accounts or people hired to post positive comments. Real feedback tends to sound natural and personal. It might mention something specific like the texture of a fabric, how easy the setup was, or whether support staff replied quickly.
Authentic reviews vary in tone and detail. Some are short, others long, some are full of small observations. That mix of styles feels human. On the other hand, copied or fake reviews usually repeat the same phrases or sound overly polished.
Many websites now try to identify and label suspicious posts, but readers can also help by paying attention to repetition, timing, and tone. A quick scan across different platforms usually reveals what’s genuine and what’s not.
Reading Smarter in the Online Marketplace
Reviews have become a solid foundation for how people make decisions online. They give an honest view of how something performs beyond what’s written on the label. Every comment, short or long, adds another piece to the puzzle.
More than that, reviews show how businesses handle problems, how quickly they respond, and whether they follow through on promises. They offer accountability in a world where shoppers and sellers rarely meet face to face.
Reading a handful of reviews won’t guarantee a perfect experience, but it provides helpful context. It shows what’s typical and helps people make choices with more confidence. In an online world full of noise, reviews remain one of the easiest and most reliable ways to learn from others.