Plunder and Blunder

Plunder and Blunder PDF Author: Dean Baker
Publisher: Berrett-Koehler Publishers
ISBN: 160994478X
Category : Business & Economics
Languages : en
Pages : 183

Get Book Here

Book Description
For the second time this decade, the U.S. economy id sinking into a recession due to the collapse of a financial bubble. The most recent calamity will lead to a downturn deeper and longer than the stock market crash of 2001. Dean Baker's Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles and explains how policy blunders and greed led to the catastrophic --but completely predictable --market meltdowns. An expert guide to recent economic history, Baker offers policy prescriptions to help prevent similar financial disasters.

Plunder and Blunder

Plunder and Blunder PDF Author: Dean Baker
Publisher: Berrett-Koehler Publishers
ISBN: 160994478X
Category : Business & Economics
Languages : en
Pages : 183

Get Book Here

Book Description
For the second time this decade, the U.S. economy id sinking into a recession due to the collapse of a financial bubble. The most recent calamity will lead to a downturn deeper and longer than the stock market crash of 2001. Dean Baker's Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles and explains how policy blunders and greed led to the catastrophic --but completely predictable --market meltdowns. An expert guide to recent economic history, Baker offers policy prescriptions to help prevent similar financial disasters.

Comeback

Comeback PDF Author: Paul Ingrassia
Publisher: Simon and Schuster
ISBN: 1476737479
Category : Business & Economics
Languages : en
Pages : 536

Get Book Here

Book Description
In Comeback, Pulitzer Prize-winners Paul Ingrassia and Joseph B. White take us to the boardrooms, the executive offices, and the shop floors of the auto business to reconstruct, in riveting detail, how America's premier industry stumbled, fell, and picked itself up again. The story begins in 1982, when Honda started building cars in Marysville, Ohio, and the entire U.S. car industry seemed to be on the brink of extinction. It ends just over a decade later, with a remarkable turn of the tables, as Japan's car industry falters and America's Big Three emerge as formidable global competitors. Comeback is a story propelled by larger-than-life characters -- Lee Iacocca, Henry Ford II, Don Petersen, Roger Smith, among many others -- and their greed, pride, and sheer refusal to face facts. But it is also a story full of dedicated, unlikely heroes who struggled to make the Big Three change before it was too late.

Makers and Takers

Makers and Takers PDF Author: Rana Foroohar
Publisher: Currency
ISBN: 0553447254
Category : Business & Economics
Languages : en
Pages : 402

Get Book Here

Book Description
Is Wall Street bad for Main Street America? "A well-told exploration of why our current economy is leaving too many behind." —The New York Times In looking at the forces that shaped the 2016 presidential election, one thing is clear: much of the population believes that our economic system is rigged to enrich the privileged elites at the expense of hard-working Americans. This is a belief held equally on both sides of political spectrum, and it seems only to be gaining momentum. A key reason, says Financial Times columnist Rana Foroohar, is the fact that Wall Street is no longer supporting Main Street businesses that create the jobs for the middle and working class. She draws on in-depth reporting and interviews at the highest rungs of business and government to show how the “financialization of America”—the phenomenon by which finance and its way of thinking have come to dominate every corner of business—is threatening the American Dream. Now updated with new material explaining how our corrupted financial sys­tem propelled Donald Trump to power, Makers and Takers explores the confluence of forces that has led American businesses to favor balance-sheet engineering over the actual kind, greed over growth, and short-term profits over putting people to work. From the cozy relationship between Wall Street and Washington, to a tax code designed to benefit wealthy individuals and corporations, to forty years of bad policy decisions, she shows why so many Americans have lost trust in the sys­tem, and why it matters urgently to us all. Through colorful stories of both “Takers,” those stifling job creation while lining their own pockets, and “Makers,” businesses serving the real economy, Foroohar shows how we can reverse these trends for a better path forward.

The Rise and Fall of Urban Economies

The Rise and Fall of Urban Economies PDF Author: Michael Storper
Publisher: Stanford University Press
ISBN: 0804796025
Category : Business & Economics
Languages : en
Pages : 324

Get Book Here

Book Description
Today, the Bay Area is home to the most successful knowledge economy in America, while Los Angeles has fallen progressively further behind its neighbor to the north and a number of other American metropolises. Yet, in 1970, experts would have predicted that L.A. would outpace San Francisco in population, income, economic power, and influence. The usual factors used to explain urban growth—luck, immigration, local economic policies, and the pool of skilled labor—do not account for the contrast between the two cities and their fates. So what does? The Rise and Fall of Urban Economies challenges many of the conventional notions about economic development and sheds new light on its workings. The authors argue that it is essential to understand the interactions of three major components—economic specialization, human capital formation, and institutional factors—to determine how well a regional economy will cope with new opportunities and challenges. Drawing on economics, sociology, political science, and geography, they argue that the economic development of metropolitan regions hinges on previously underexplored capacities for organizational change in firms, networks of people, and networks of leaders. By studying San Francisco and Los Angeles in unprecedented levels of depth, this book extracts lessons for the field of economic development studies and urban regions around the world.

The Rise and Fall of American Growth

The Rise and Fall of American Growth PDF Author: Robert J. Gordon
Publisher: Princeton University Press
ISBN: 1400888956
Category : Business & Economics
Languages : en
Pages : 785

Get Book Here

Book Description
How America's high standard of living came to be and why future growth is under threat In the century after the Civil War, an economic revolution improved the American standard of living in ways previously unimaginable. Electric lighting, indoor plumbing, motor vehicles, air travel, and television transformed households and workplaces. But has that era of unprecedented growth come to an end? Weaving together a vivid narrative, historical anecdotes, and economic analysis, The Rise and Fall of American Growth challenges the view that economic growth will continue unabated, and demonstrates that the life-altering scale of innovations between 1870 and 1970 cannot be repeated. Gordon contends that the nation's productivity growth will be further held back by the headwinds of rising inequality, stagnating education, an aging population, and the rising debt of college students and the federal government, and that we must find new solutions. A critical voice in the most pressing debates of our time, The Rise and Fall of American Growth is at once a tribute to a century of radical change and a harbinger of tougher times to come.

Crash

Crash PDF Author: Marc Favreau
Publisher: Little, Brown Books for Young Readers
ISBN: 031654583X
Category : Juvenile Nonfiction
Languages : en
Pages : 256

Get Book Here

Book Description
The incredible true story of how real people weathered one of the most turbulent periods in American history—the Great Depression—and emerged triumphant. From the sweeping consequences of the stock market crash to the riveting stories of individuals and communities caught up in a real American dystopia, discover how the country we live in today was built in response to a time when people from all walks of life fell victim to poverty, insecurity, and fear. Meet fascinating historical characters like Herbert Hoover, Franklin Delano and Eleanor Roosevelt, Frances Perkins, Dorothea Lange, Walter White, and Mary McLeod Bethune. See what life was like for regular Americans as the country went from the highs of the Roaring Twenties to the lows of the Great Depression, before bouncing back again during World War II. Explore pivotal scenes such as the creation of the New Deal, life in the Dust Bowl, the sit-down strikes in Michigan, the Scottsboro case, and the rise of Father Coughlin. Packed with photographs and firsthand accounts, and written with a keen understanding of the upheaval of the 1930s, Crash shares the incredible story of how America survived—and, ultimately, thrived.

The Rise and Fall of the US Mortgage and Credit Markets

The Rise and Fall of the US Mortgage and Credit Markets PDF Author: James Barth
Publisher: John Wiley & Sons
ISBN: 0470493887
Category : Business & Economics
Languages : en
Pages : 560

Get Book Here

Book Description
The mortgage meltdown: what went wrong and how do we fix it? Owning a home can bestow a sense of security and independence. But today, in a cruel twist, many Americans now regard their homes as a source of worry and dashed expectations. How did everything go haywire? And what can we do about it now? In The Rise and Fall of the U.S. Mortgage and Credit Markets, renowned finance expert James Barth offers a comprehensive examination of the mortgage meltdown. Together with a team of economists at the Milken Institute, he explores the shock waves that have rippled through the entire financial sector and the real economy. Deploying an incredibly detailed and extensive set of data, the book offers in-depth analysis of the mortgage meltdown and the resulting worldwide financial crisis. This authoritative volume explores what went wrong in every critical area, including securitization, loan origination practices, regulation and supervision, Fannie Mae and Freddie Mac, leverage and accounting practices, and of course, the rating agencies. The authors explain the steps the government has taken to address the crisis thus far, arguing that we have yet to address the larger issues. Offers a comprehensive examination of the mortgage market meltdown and its reverberations throughout the financial sector and the real economy Explores several important issues that policymakers must address in any future reshaping of financial market regulations Addresses how we can begin to move forward and prevent similar crises from shaking the foundations of our financial system The Rise and Fall of the U.S. Mortgage and Credit Markets analyzes the factors that should drive reform and explores the issues that policymakers must confront in any future reshaping of financial market regulations.

Global Capitalism

Global Capitalism PDF Author: Jeffry A. Frieden
Publisher: W. W. Norton & Company
ISBN: 1324004207
Category : Business & Economics
Languages : en
Pages : 807

Get Book Here

Book Description
"One of the most comprehensive histories of modern capitalism yet written." —Michael Hirsh, New York Times An authoritative, insightful, and highly readable history of the twentieth-century global economy, updated with a new chapter on the early decades of the new century. Global Capitalism guides the reader from the globalization of the early twentieth century and its swift collapse in the crises of 1914–45, to the return to global integration at the end of the century, and the subsequent retreat in the wake of the financial crisis of 2008.

Boom and Bust

Boom and Bust PDF Author: Christopher Wood
Publisher: Atheneum Books
ISBN:
Category : Business & Economics
Languages : en
Pages : 232

Get Book Here

Book Description
An account of the financial world's coming collapse.

When Genius Failed

When Genius Failed PDF Author: Roger Lowenstein
Publisher: Random House Trade Paperbacks
ISBN: 0375758259
Category : Business & Economics
Languages : en
Pages : 290

Get Book Here

Book Description
“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored. Praise for When Genius Failed “[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.”—BusinessWeek “Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.”—The Washington Post “Story-telling journalism at its best.”—The Economist