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Author: Timothy J. Sinclair
Publisher: Cornell University Press
ISBN: 1501760262
Category : Business & Economics
Languages : en
Pages : 227
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Book Description
To the Brink of Destruction exposes how America's rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy. Timothy J. Sinclair brings the shadowy corners of this story to life by examining congressional testimony, showing how the wheels of accountability turned—and ultimately failed—during the crisis. He asks how and why the agencies risked their lucrative franchise by aligning so closely with a process of financial innovation that came undone during the crisis. What he finds is that key institutions, including the agencies, changed from being judges to being advocates years before the crisis, eliminating a vital safety valve meant to hinder financial excess. Sinclair's well-researched investigation offers a clear, accessible explanation of structured finance and how it works. To the Brink of Destruction avoids tired accusations, instead providing novel insight into the role rating agencies played in the worst crisis of modern global capitalism.
Author: Timothy J. Sinclair
Publisher: Cornell University Press
ISBN: 1501760262
Category : Business & Economics
Languages : en
Pages : 227
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Book Description
To the Brink of Destruction exposes how America's rating agencies helped generate the global financial crisis of 2007 and beyond, surviving and thriving in the aftermath. Despite widespread scrutiny, rating agencies continued to operate on the same business model and wield extraordinary power, exerting extensive influence over public policy. Timothy J. Sinclair brings the shadowy corners of this story to life by examining congressional testimony, showing how the wheels of accountability turned—and ultimately failed—during the crisis. He asks how and why the agencies risked their lucrative franchise by aligning so closely with a process of financial innovation that came undone during the crisis. What he finds is that key institutions, including the agencies, changed from being judges to being advocates years before the crisis, eliminating a vital safety valve meant to hinder financial excess. Sinclair's well-researched investigation offers a clear, accessible explanation of structured finance and how it works. To the Brink of Destruction avoids tired accusations, instead providing novel insight into the role rating agencies played in the worst crisis of modern global capitalism.
Author: Marc Ambinder
Publisher: Simon & Schuster
ISBN: 1476760381
Category : History
Languages : en
Pages : 384
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Book Description
“An informative and often enthralling book…in the appealing style of Tom Clancy” (Kirkus Reviews) about the 1983 war game that triggered a tense, brittle period of nuclear brinkmanship between the United States and the former Soviet Union. What happened in 1983 to make the Soviet Union so afraid of a potential nuclear strike from the United States that they sent mobile ICBMs (intercontinental ballistic missiles) into the field, placing them on a three-minute alert Marc Ambinder explains the anxious period between the United States and the Soviet Union from 1982 to 1984, with the “Able Archer ’83” war game at the center of the tension. With astonishing and clarifying new details, he recounts the scary series of the close encounters that tested the limits of ordinary humans and powerful leaders alike. Ambinder provides a comprehensive and chilling account of the nuclear command and control process, from intelligence warnings to the composition of the nuclear codes themselves. And he affords glimpses into the secret world of a preemptive electronic attack that scared the Soviet Union into action. Ambinder’s account reads like a thriller, recounting the spy-versus-spy games that kept both countries—and the world—in check. From geopolitics in Moscow and Washington, to sweat-caked soldiers fighting in the trenches of the Cold War, to high-stakes war games across NATO and the Warsaw Pact, “Ambinder’s account of a serious threat of global annihilation…is spellbinding…a masterpiece of recent history” (Publishers Weekly, starred review). The Brink serves as the definitive intelligence, nuclear, and national security history of one of the most precarious times in recent memory and “shows the consequences of nuclear buildups, sometimes-careless language, and nervous leaders. Now, more than ever, those consequences matter” (USA TODAY).
Author: Lawrence Osborne
Publisher: Hogarth
ISBN: 0804137994
Category : Fiction
Languages : en
Pages : 273
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Book Description
A riveting tale of risk and obsession set in the alluring world of Macau’s casinos, by the author of the critically acclaimed The Forgiven. As night falls on Macau and the neon signs that line the rain-slick streets come alive, Doyle – “Lord Doyle” to his fellow players – descends into his casino of choice to try his luck at the baccarat tables that are the anchor of his current existence. A corrupt English lawyer who has escaped prosecution by fleeing to the East, Doyle spends his nights drinking and gambling and his days sleeping off his excesses, continually haunted by his past. Taking refuge in a series of louche and dimly lit hotels, he watches his fortune rise and fall as the cards decide his fate. In a moment of crisis he meets Dao-Ming, an enigmatic Chinese woman who appears to be a denizen of the casinos just like himself, and seems to offer him salvation in the form of both money and love. But as Doyle attempts to make a rare and true connection, all that he accepts as reality seems to be slipping from his grasp. Resonant of classics by Dostoevsky and Graham Greene, The Ballad of a Small Player is a timeless tale steeped in eerie suspense and rich atmosphere.
Author: John Hughes-Wilson
Publisher: John Blake
ISBN: 1789463386
Category : History
Languages : en
Pages : 358
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Book Description
'It is certainly a good thing for the world that Hitler's crowd or Stalin's did not discover this atomic bomb. It seems to be the most terrible thing ever discovered' - US President Harry S. Truman Truman evidently understood the terrifying power of atomic weaponry, but no one could have realised its full potential when he ordered the bombings of Hiroshima and Nagasaki in August 1945. Those military attacks, along with the disasters at the Fukashima and Chernobyl nuclear reactors, might immediately spring to mind at the mention of nuclear destruction, but the vast majority of the events recorded in this book are entirely unknown to most people. This book records the facts - many of them still shrouded in secrecy - which show a worrying truth: we have teetered precariously on the brink of Armageddon far more frequently than the general public realises. Since that first and last atomic war in 1945, there have been a terrifying number of nuclear accidents and mishaps, from the careless or accidental to the genuinely intentional and only narrowly averted. Despite the catastrophic nature of any nuclear conflict, we have come to the very borders of such a situation ten times since the 1960s. Most people know about the Cuba Missile Crisis, and a few about Operation Able Archer in 1984, which, if anything, was even more frightening than Cuba, but there have been eight other occasions that might easily have toppled over into outright war. These were potential conflicts; but there have been other accidents, such as the reactor meltdown at the nuclear generating plant at Three Mile Island, Pennsylvania, in 1979, or the 'Palomares Incident' in 1966, when a USAF B-52 bomber crashed after a mid-air collision, dropping four hydrogen bombs on Spanish soil . . . Eve of Destruction is a warning from history - recent history. It is a call to sit up and listen, and to take note of the very real danger of nuclear catastrophe. It is a timely and important book because, after all, the future of our planet has to concern us all.
Author: Alistair Darling
Publisher: Atlantic Books
ISBN: 0857892827
Category : Business & Economics
Languages : en
Pages : 415
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Book Description
Alistair Darling's long-awaited book will be one of the most reviewed, widely discussed, and saleable political memoirs of recent years. In the late summer of 2007, shares of Northern Rock went into free-fall, causing a run on the bank - the first in over 150 years. Northern Rock proved to be only the first. Twelve months later, as the world was engulfed in the worst banking crisis for more than a century, one of its largest banks, RBS, came within hours of collapse. Back from the Brink tells the gripping story of Alistair Darling's one thousand days in Number 11 Downing Street. As Chancellor, he had to avert the collapse of RBS hours before the cash machines would have ceased to function; at the eleventh hour, he stopped Barclays from acquiring Lehman Brothers in order to protect UK taxpayers; he used anti-terror legislation to stop Icelandic banks from withdrawing funds from Britain. From crisis talks in Washington, to dramatic meetings with the titans of international banking, to dealing with the massive political and economic fallout in the UK, Darling places the reader in the rooms where the destinies of millions weighed heavily on the shoulders of a few. His book is also a candid account of life in the Downing Street pressure cooker and his relationship with Gordon Brown during the last years of New Labor. Back from the Brink is a vivid and immediate depiction of the British government's handling of an unprecedented global financial catastrophe. Alistair Darling's knowledge and understanding provide a unique perspective on the events that rocked international capitalism. It is also a vital historical document.
Author: Assistant Professor of History Shirli Gilbert
Publisher: Oxford University Press on Demand
ISBN: 0199277974
Category : History
Languages : en
Pages : 262
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Book Description
Publisher Description
Author: Howard Blum
Publisher: Harper Collins
ISBN: 0061980854
Category : History
Languages : en
Pages : 384
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Book Description
On October 6, 1973—Yom Kippur, the holiest day of the Jewish calendar—the Arab world launched a bold and ingeniously conceived surprise attack against Israel. After three days of intense, bloody combat, an unprepared Israel was fighting for survival, while the Arabs, with massive forces closing in on the Jewish heartland, were poised to redeem the honor lost in three previous wars. Based on declassified Israeli government documents and revealing interviews with soldiers, generals, and intelligence operatives on both sides of the conflict, The Eve of Destruction weaves a suspenseful, eye-opening story of war, politics, and deception. It also tells the moving human tale of the men and women who fought to maintain love and honor as their lives and destinies were swept up in the Yom Kippur War.
Author: David W. Dickey
Publisher: Tate Publishing
ISBN: 1616638370
Category : Fiction
Languages : en
Pages : 320
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Book Description
As I mingled among my fellow graduates, my view of the future did not extend much beyond the following day, when I would be heading to the beach. College in the fall was too far in the future to contemplate now. The only days that held relevance were the next ninety-nine, which would fashion what I hoped to be my best summer yet. So begins The Eve of Destruction, David Dickey's coming-of-age tale about the summer of 1965, a tranquil time when the country rested unwittingly on the brink of a cultural revolution. Follow eighteen-year-old Dane, Woody, and the crew around their Southern California neighborhoods as they experience the ups and downs of friendship and young love, and wrestle with some of life's basal choices. Join them on misadventures and general teenage mischief as they seek revelry and endure summer jobs. With music, cars, and popular culture of the decade woven into the backdrop, The Eve of Destruction is a nostalgic story about the 1960's and a worthy ode to the Boomer generation.
Author: Felicity A. Nussbaum
Publisher: University Press of Kentucky
ISBN: 0813183472
Category : Literary Criticism
Languages : en
Pages : 226
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Book Description
"Is it not monstrous, that our Seducers should be our Accusers? Will they not employ Fraud, nay often Force to gain us? What various Arts, what Stratagems, what Wiles will they use for our Destruction? But that once accomplished, every opprobrious Term with which our Language so plentifully abounds, shall be bestowed on us, even by the very Villains who have wronged us"—Laetitia Pilkington, Memoirs (1748). In her scandalous Memoirs, Laetitia Pilkington spoke out against the English satires of the Restoration and eighteenth century, which employed "every opprobrious term" to chastise women. In The Brink of All We Hate, Felicity Nussbaum documents and groups those opprobrious terms in order to identify the conventions of the satires, to demonstrate how those conventions create a myth, to provide critical readings of poetic texts in the antifeminist tradition, and to draw some conclusions about the basic nature of satire. Nussbaum finds that the English tradition of antifeminist satire draws on a background that includes Hesiod, Horace, Ovid, and Juvenal, as well as the more modern French tradition of La Bruyere and Boileau and the late seventeenth-century English pamphlets by Gould, Fige, and Ames. The tradition was employed by the major figures of the golden age of satire—Samuel Butler, Dryden, Swift, Addison, and Pope. Examining the elements of the tradition of antifeminist satire and exploring its uses, from the most routine to the most artful, by the various poets, Nussbaum reveals a clearer context in which many poems of the Restoration and eighteenth century will be read anew.
Author: Philip Cafaro
Publisher: University of Georgia Press
ISBN: 0820343854
Category : Political Science
Languages : en
Pages : 357
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Book Description
Life on the Brink aspires to reignite a robust discussion of population issues among environmentalists, environmental studies scholars, policymakers, and the general public. Some of the leading voices in the American environmental movement restate the case that population growth is a major force behind many of our most serious ecological problems, including global climate change, habitat loss and species extinctions, air and water pollution, and food and water scarcity. As we surpass seven billion world inhabitants, contributors argue that ending population growth worldwide and in the United States is a moral imperative that deserves renewed commitment. Hailing from a range of disciplines and offering varied perspectives, these essays hold in common a commitment to sharing resources with other species and a willingness to consider what will be necessary to do so. In defense of nature and of a vibrant human future, contributors confront hard issues regarding contraception, abortion, immigration, and limits to growth that many environmentalists have become too timid or politically correct to address in recent years. Ending population growth will not happen easily. Creating genuinely sustainable societies requires major change to economic systems and ethical values coupled with clear thinking and hard work. Life on the Brink is an invitation to join the discussion about the great work of building a better future. Contributors: Albert Bartlett, Joseph Bish, Lester Brown, Tom Butler, Philip Cafaro, Martha Campbell, William R. Catton Jr., Eileen Crist, Anne Ehrlich, Paul Ehrlich, Robert Engelman, Dave Foreman, Amy Gulick, Ronnie Hawkins, Leon Kolankiewicz, Richard Lamm, Jeffrey McKee, Stephanie Mills, Roderick Nash, Tim Palmer, Charmayne Palomba, William Ryerson, Winthrop Staples III, Captain Paul Watson, Don Weeden, George Wuerthner.
