Author: Linda J. Bilmes
Publisher: W. W. Norton & Company
ISBN: 0393068080
Category : History
Languages : en
Pages : 336
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Book Description
The true cost of the Iraq War is $3 trillion—and counting—rather than the $50 billion projected by the White House. Apart from its tragic human toll, the Iraq War will be staggeringly expensive in financial terms. This sobering study by Nobel Prize winner Joseph E. Stiglitz and Harvard professor Linda J. Bilmes casts a spotlight on expense items that have been hidden from the U.S. taxpayer, including not only big-ticket items like replacing military equipment (being used up at six times the peacetime rate) but also the cost of caring for thousands of wounded veterans—for the rest of their lives. Shifting to a global focus, the authors investigate the cost in lives and economic damage within Iraq and the region. Finally, with the chilling precision of an actuary, the authors measure what the U.S. taxpayer's money would have produced if instead it had been invested in the further growth of the U.S. economy. Written in language as simple as the details are disturbing, this book will forever change the way we think about the war.
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393334171
Category : Business & Economics
Languages : en
Pages : 337
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Book Description
Reveals massive expenses associated with the Iraq War in a cautionary account that evaluates the war's long-term costs, both financial and human, as well as their consequences to taxpayers.
Author: Nick Timiraos
Publisher: Hachette UK
ISBN: 0316273074
Category : Social Science
Languages : en
Pages : 331
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Book Description
The inside story, told with “insight, perspective, and stellar reporting,” of how an unassuming civil servant created trillions of dollars from thin air, combatted a public health crisis, and saved the American economy from a second Great Depression (Alan S. Blinder, former Vice Chair of the Federal Reserve). By February 2020, the U.S. economic expansion had become the longest on record. Unemployment was plumbing half-century lows. Stock markets soared to new highs. One month later, the public health battle against a deadly virus had pushed the economy into the equivalent of a medically induced coma. America’s workplaces—offices, shops, malls, and factories—shuttered. Many of the nation’s largest employers and tens of thousands of small businesses faced ruin. Over 22 million American jobs were lost. The extreme uncertainty led to some of the largest daily drops ever in the stock market. Nick Timiraos, the Wall Street Journal’s chief economics correspondent, draws on extensive interviews to detail the tense meetings, late night phone calls, and crucial video conferences behind the largest, swiftest U.S. economic policy response since World War II. Trillion Dollar Triage goes inside the Federal Reserve, one of the country’s most important and least understood institutions, to chronicle how its plainspoken chairman, Jay Powell, unleashed an unprecedented monetary barrage to keep the economy on life support. With the bleeding stemmed, the Fed faced a new challenge: How to nurture a recovery without unleashing an inflation-fueling, bubble-blowing money bomb? Trillion Dollar Triage is the definitive, gripping history of a creative and unprecedented battle to shield the American economy from the twin threats of a public health disaster and economic crisis. Economic theory and policy will never be the same.
Author: Abid Amiri
Publisher:
ISBN: 9781737040576
Category : Political Science
Languages : en
Pages :
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Book Description
"The Trillion Dollar War is the culmination of an Afghan's personal life story weaved into academic understanding and coupled with professional experience in the field of development. It is written for Afghans, Afghan policymakers, and those in the West and broader international community who truly wish to see Afghanistan progress after more than 20 years of war. This title offers a perspective on how the United States and Afghanistan got where they are and proposes ways to find the economic growth that has until now remained elusive"--
Author: Joseph E. Stiglitz
Publisher: W. W. Norton & Company
ISBN: 0393077071
Category : Business & Economics
Languages : en
Pages : 480
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Book Description
An incisive look at the global economic crisis, our flawed response, and the implications for the world’s future prosperity. The Great Recession, as it has come to be called, has impacted more people worldwide than any crisis since the Great Depression. Flawed government policy and unscrupulous personal and corporate behavior in the United States created the current financial meltdown, which was exported across the globe with devastating consequences. The crisis has sparked an essential debate about America’s economic missteps, the soundness of this country’s economy, and even the appropriate shape of a capitalist system. Few are more qualified to comment during this turbulent time than Joseph E. Stiglitz. Winner of the 2001 Nobel Prize in Economics, Stiglitz is “an insanely great economist, in ways you can’t really appreciate unless you’re deep into the field” (Paul Krugman, New York Times). In Freefall, Stiglitz traces the origins of the Great Recession, eschewing easy answers and demolishing the contention that America needs more billion-dollar bailouts and free passes to those “too big to fail,” while also outlining the alternatives and revealing that even now there are choices ahead that can make a difference. The system is broken, and we can only fix it by examining the underlying theories that have led us into this new “bubble capitalism.” Ranging across a host of topics that bear on the crisis, Stiglitz argues convincingly for a restoration of the balance between government and markets. America as a nation faces huge challenges—in health care, energy, the environment, education, and manufacturing—and Stiglitz penetratingly addresses each in light of the newly emerging global economic order. An ongoing war of ideas over the most effective type of capitalist system, as well as a rebalancing of global economic power, is shaping that order. The battle may finally give the lie to theories of a “rational” market or to the view that America’s global economic dominance is inevitable and unassailable. For anyone watching with indignation while a reckless Wall Street destroyed homes, educations, and jobs; while the government took half-steps hoping for a “just-enough” recovery; and while bankers fell all over themselves claiming not to have seen what was coming, then sought government bailouts while resisting regulation that would make future crises less likely, Freefall offers a clear accounting of why so many Americans feel disillusioned today and how we can realize a prosperous economy and a moral society for the future.
Author: David Loyn
Publisher: St. Martin's Press
ISBN: 1250128439
Category : History
Languages : en
Pages : 358
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Book Description
Just as U. S. soldiers and diplomats pulled out of Afghanistan, supposedly concluding their role and responsibility in the two-decade conflict, the country fell to the Taliban. In The Long War, award-winning BBC foreign correspondent David Loyn uncovers the political and military strategies—and failures—that prolonged America’s longest war. Three American presidents tried to defeat the Taliban—sending 150,000 international troops at the war’s peak with a trillion-dollar price tag. But early policy mistakes that allowed Osama bin Laden to escape made the task far more difficult. Deceived by easy victories, they backed ruthless corrupt local allies and misspent aid. The story of The Long War is told by the generals who led it through the hardest years of combat as surges of international troops tried to turn the tide. Generals, which include David Petraeus, Stanley McChrystal, Joe Dunford and John Allen, were tested in battle as never before. With the reputation of a “warrior monk,” McChrystal was considered one of the most gifted military leaders of his generation. He was one of two generals to be fired in this most public of commands. Holding together the coalition of countries who joined America’s fight in Afghanistan was just one part of the multi-dimensional puzzle faced by the generals, as they fought an elusive and determined enemy while responsible for thousands of young American and allied lives. The Long War goes behind the scenes of their command and of the Afghan government. The fourth president to take on the war, Joe Biden ordered troops to withdraw in 2021, twenty years after 9/11, just as the Taliban achieved victory, leaving behind an unstable nation and an unforeseeable future.
Author: Russ Koesterich
Publisher: McGraw Hill Professional
ISBN: 0071754040
Category : Business & Economics
Languages : en
Pages : 273
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Book Description
The next economic storm and how to prepare for it--from a top decision-maker at BlackRock An economic calamity is already looming on the horizon, and it's going hit the U.S. on a scale equal to the recent mortgage meltdown and liquidity crisis of 2008-2009. In February, President Obama announced that the 2010 budget deficit would surpass $1.5 trillion, an amount greater than the total debt of our nation in its first 200 years of its existence. And things only get worse from here: between 2010 and 2019, America will add one trillion of additional debt every year. In The Ten Trillion Dollar Gamble, Russ Koesterich, who manages over $100 billion for the world's largest money management company, offers compelling evidence supporting his prediction that the global economy is on the verge of more, even greater upheaval and provides his unique insight into: The structural weaknesses underlying the economic meltdown Why commodities will be so important in the next economic climate Likely ramifications to the real estate market The best stocks to buy and which ones to avoid Today's investing strategies will be rendered useless in the next storm's wake. Written by one of the most qualified people in the business, The Ten Trillion Dollar Gamble offers a plan for protecting your wealth and preserving the power of your savings. Table of Contents Chapter 1. Why Worry About the Deficit? Chapter 2. Why the Deficit Will matter to You Chapter 3. What to Watch Chapter 4. How to Manage Your Cash and Debts Chapter 5. Investing in Bonds in a Rising Rate Environment Chapter 6. Stocks to Buy and Avoid Chapter 7. Why You May Need Commodities Chapter 8. What to do with Real Estate Chapter 9. Putting it All Together Chapter 10. Conclusion: Can We avoid the budget debacle?
Author: Gillian Tett
Publisher: Random House
ISBN: 1448108233
Category : Business & Economics
Languages : en
Pages : 384
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Book Description
For more than a decade, Japan's dismal economy - which has bounced from deflationary collapse to fitful recovery and back to collapse - has been the biggest obstacle to economic growth. Why has the world's second largest economy been unable to save itself? Why has a country, whose financial might in the 1980s was the most feared force on the globe, become the sick man of the world economy? Saving the Sun answers these questions and more in the riveting and remarkable story of Long Term Credit Bank, one of the world's most respected financial institutions, and its attempts to transform itself into a Western-style bank and reconcile the cultural gulf that still exists between Japan and the international banking community.'Smart and engaging-it's a riveting tale with important insights into Japan's culture and its sclerotic system.' BusinessWeek'Saving the Sun is not simply about the fate of one Japanese bank. It is about the clash of two visions of finance-and how hard it is to reconcile them.' The Wall Street Journal Europe
Author: Muhammad Idrees Ahmad
Publisher: Edinburgh University Press
ISBN: 0748693041
Category : Political Science
Languages : en
Pages : 256
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Book Description
The Iraq war "e; its causes, agency and execution "e; has been shrouded in an ideological mist. Now, Muhammad Idrees Ahmad dispels the myths surrounding the war, taking a sociological approach to establish the war's causes, identify its agents and describe how it was sold. Ahmad presents a social history of the war's leading agents "e; the neoconservatives "e; and shows how this ideologically coherent group of determined political agents used the contingency of 9/11 to overwhelm a sceptical foreign policy establishment, military brass and intelligence apparatus, propelling the US into a war that a significant portion of the public opposed. The book includes an historical exploration of American militarism and of the increased post-WWII US role in the Middle East, as well as a reconsideration of the debates that John Mearsheimer and Stephen Walt sparked after the publication of 'The Israel lobby and US Foreign Policy'.
Author: Douglas A. Wissing
Publisher: Indiana University Press
ISBN: 0253023335
Category : History
Languages : en
Pages : 192
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Book Description
“A fascinating ground level account of the effect of absurd and inappropriate Washington strategies on Afghans and on American soldiers.”—Abdulkader Sinno, author of Organizations at War in Afghanistan & Beyond Award-winning journalist Douglas A. Wissing’s poignant and eye-opening journey across insurgency-wracked Afghanistan casts an unyielding spotlight on greed, dysfunction, and predictable disaster while celebrating the everyday courage and wisdom of frontline soldiers, idealistic humanitarians, and resilient Afghans. As Wissing hauls a hundred pounds of body armor and pack across the Afghan warzone in search of the ground truth, US officials frantically spin a spurious victory narrative, American soldiers try to keep their body parts together, and Afghans try to stay positive and strain to figure out their next move after the US eventually leaves. As one technocrat confided to Wissing, “I am hopeless—but optimistic.” Along with a deep inquiry into the 21st-century American way of war and an unforgettable glimpse of the enduring culture and legacy of Afghanistan, Hopeless but Optimistic includes the real stuff of life: the austere grandeur of Afghanistan and its remarkable people; warzone dining, defecation, and sex; as well as the remarkable shopping opportunities for men whose job is to kill. Silver Medal, War & Military, Foreword Indies Awards Silver Medal, Current Events, Independent Publisher Book Awards “A scathing dispatch from an embedded journalist in Afghanistan . . . Pungent, embittered, eye-opening observations of a conflict involving lessons still unlearned.”—Kirkus Reviews “Here we confront in granular detail the waste and folly that is America’s war in Afghanistan.”—Andrew J. Bacevich, author of The Age of Illusions
