Trillion Dollar Triage

Trillion Dollar Triage PDF Author: Nick Timiraos
Publisher: Little, Brown
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.

Trillion Dollar Triage

Trillion Dollar Triage PDF Author: Nick Timiraos
Publisher: Little, Brown
ISBN: 0316273074
Category : Social Science
Languages : en
Pages : 331

Get Book Here

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.

North Korea/South Korea

North Korea/South Korea PDF Author: John Feffer
Publisher: Seven Stories Press
ISBN: 9781583226032
Category : History
Languages : en
Pages : 204

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Book Description
The Korean peninsula, divided for more than fifty years, is stuck in a time warp. Millions of troops face one another along the Demilitarized Zone separating communist North Korea and capitalist South Korea. In the early 1990s and again in 2002-2003, the United States and its allies have gone to the brink of war with North Korea. Misinterpretations and misunderstandings are fueling the crisis. "There is no country of comparable significance concerning which so many people are ignorant," American anthropologist Cornelius Osgood said of Korea some time ago. This ignorance may soon have fatal consequences. North Korea, South Korea is a short, accessible book about the history and political complexites of the Korean peninsula, one that explores practical alternatives to the current US policy: alternatives that build on the remarkable and historic path of reconciliation that North and South embarked on in the 1990s and that point the way to eventual reunification.

Population 10 Billion

Population 10 Billion PDF Author: Danny Dorling
Publisher: Constable
ISBN: 1780338783
Category : Social Science
Languages : en
Pages : 300

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Book Description
Before May 2011 the top demographics experts of the United Nations had suggested that world population would peak at 9.1 billion in 2100, and then fall to 8.5 billion people by 2150. In contrast, the 2011 revision suggested that 9.1 billion would be achieved much earlier, maybe by 2050 or before, and by 2100 there would be 10.1 billion of us. What's more, they implied that global human population might still be slightly rising in our total numbers a century from now. So what shall we do? Are there too many people on the planet? Is this the end of life as we know it? Distinguished geographer Professor Danny Dorling thinks we should not worry so much and that, whatever impending doom may be around the corner, we will deal with it when it comes. In a series of fascinating chapters he charts the rise of the human race from its origins to its end-point of population 10 billion. Thus he shows that while it took until about 1988 to reach 5 billion we reached 6 billion by 2000, 7 billion eleven years later and will reach 8 billion by 2025. By recording how we got here, Dorling is able to show us the key issues that we face in the coming decades: how we will deal with scarcity of resources; how our cities will grow and become more female; why the change that we should really prepare for is the population decline that will occur after 10 billion. Population 10 Billion is a major work by one of the world's leading geographers and will change the way you think about the future. Packed full of counter-intuitive ideas and observations, this book is a tool kit to prepare for the future and to help us ask the right questions

When the Fund Stops

When the Fund Stops PDF Author: David Ricketts
Publisher: Harriman House Limited
ISBN: 0857198661
Category : Business & Economics
Languages : en
Pages : 140

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Book Description
Neil Woodford was the UK’s most celebrated fund manager. Savers who invested £1,000 with him in 1988 saw their money increase to £25,000 over 25 years. At the peak of his career he was managing £33 billion for hundreds of thousands of investors. When he started his own fund management company in 2014, within just a few weeks it had attracted £5bn from his loyal fan base, including some of the City of London’s biggest hitters. Life was good. Away from work he was collecting high-performance supercars and chunky designer watches; he was rarely out of the saddle of his favourite horse. The BBC called him the “man who can’t stop making money”. And then it all came to a sudden stop. This book tells the dramatic untold story behind Woodford’s stunning rise and fall, and reveals why his multi-billion-pound investment empire really collapsed in such an abrupt and catastrophic manner. In a fast-moving and compelling narrative, reporter David Ricketts takes readers inside the rooms where extraordinary sums of other people’s money were wagered, trapped and, ultimately, lost, in a scandal still sending shockwaves through the world of finance. Thanks to unique and unprecedented access to the most important players, we meet an eccentric cast of characters and go inside the institutions involved, from Woodford’s own firm to those that made huge sums endorsing him – as well as those who failed to raise the alarm before it was too late.

Summary of Nick Timiraos's Trillion Dollar Triage

Summary of Nick Timiraos's Trillion Dollar Triage PDF Author: Everest Media,
Publisher: Everest Media LLC
ISBN: 166939204X
Category : Business & Economics
Languages : en
Pages : 54

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Book Description
Please note: This is a companion version & not the original book. Sample Book Insights: #1 Jay Powell, who would later become the chairman of the Federal Reserve, was born in Washington D. C. in 1945. His family were among the first Catholics to join the prestigious Chevy Chase Club, where his father was president. He learned from his father how to measure his words carefully. #2 Brady, who had been Reagan's secretary of the Treasury, hired Powell to be his assistant secretary. Powell then called up his old Wall Street law firm, Davis Polk Wardwell, and asked for a hardworking assistant. They recommended a thirty-three-year-old Ivy League lawyer named Randal Quarles. #3 In early 1991, Powell was tasked with dealing with the Bank of New England, a regional bank on the brink of failure as a result of the recent collapse of the commercial and residential real-estate markets. The immediate stakes were not catastrophic, but the basic questions were the same as when a Citigroup or Lehman Brothers was courting insolvency: should the government let market forces wash away poorly managed institutions. #4 In 1991, Powell was tasked with deciding the fate of Wall Street giant Salomon Brothers. The company had been cornering the market for two-year Treasury notes, which they could then force dealers to buy back from them at higher prices.

The Amazins

The Amazins PDF Author: New York Post
Publisher: Triumph Books
ISBN: 1600786111
Category : Sports & Recreation
Languages : en
Pages : 161

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Book Description
To celebrate the 50th anniversary of this beloved franchise, Triumph Books and the New York Post are jointly publishing The Amazins, a history of the Mets that includes all the highlights, the lowlights, the Hall of Famers, the underachievers, the great games and the memorable moments, virtually everything, in fact, from the rich history that makes their fans as passionate about their team as any in baseball.

American Crisis

American Crisis PDF Author: Andrew Cuomo
Publisher: Crown
ISBN: 059323927X
Category : Political Science
Languages : en
Pages : 329

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Book Description
NEW YORK TIMES BESTSELLER • Governor Andrew Cuomo tells the riveting story of how he took charge in the fight against COVID-19 as New York became the epicenter of the pandemic, offering hard-won lessons in leadership and his vision for the path forward. “An impressive road map to dealing with a crisis as serious as any we have faced.”—The Washington Post When COVID-19 besieged the United States, New York State emerged as the global “ground zero” for a deadly contagion that threatened the lives and livelihoods of millions. Quickly, Governor Andrew Cuomo provided the leadership to address the threat, becoming the standard-bearer of the organized response the country desperately needed. With infection rates spiking and more people dying every day, the systems and functions necessary to combat the pandemic in New York—and America—did not exist. So Cuomo undertook the impossible. He unified people to rise to the challenge and was relentless in his pursuit of scientific facts and data. He quelled fear while implementing an extraordinary plan for flattening the curve of infection. He and his team worked day and night to protect the people of New York, despite roadblocks presented by a president incapable of leadership and addicted to transactional politics. Taking readers beyond the candid daily briefings that became must-see TV across the globe, and providing a dramatic, day-by-day account of the catastrophe as it unfolded, American Crisis presents the intimate and inspiring thoughts of a leader at an unprecedented historical moment. In his own voice, Andrew Cuomo chronicles the ingenuity and sacrifice required of so many to fight the pandemic, sharing the decision-making that shaped his policy as well as his frank accounting and assessment of his interactions with the federal government, the White House, and other state and local political and health officials. Real leadership, he shows, requires clear communication, compassion for others, and a commitment to truth-telling—no matter how frightening the facts may be. Including a game plan for what we as individuals—and as a nation—need to do to protect ourselves against this disaster and those to come, American Crisis is a remarkable portrait of selfless leadership and a gritty story of difficult choices that points the way to a safer future for all of us.

Looking Deep

Looking Deep PDF Author: Terry Bradshaw
Publisher: Berkley
ISBN: 9780425129005
Category : Fiction
Languages : en
Pages : 276

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Book Description


Republic of Fear

Republic of Fear PDF Author: Samir Al-Khalil
Publisher:
ISBN: 9780788191817
Category :
Languages : en
Pages : 310

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Book Description
Describes what he calls "the most ruthless regime in the world," that of Saddam Hussein & his Ba'th Party in Iraq. Shows the importance of the obsessive fabrication of "enemies," & the tortuous logic that compels Hussein to maintain a state of perpetual alert against the enemies of Arabism both inside & outside the country. Explains how such a state could be created in the late 20th century. Chapters: a chronology from 1918; the Ba'thist polity: institutions of violence; a world of fear; Ba'thism & the masses, & authority; the legitimation of Ba'thism: Pan-Arabism & Iraq, formation of the Ba'th, & the legitimation of Iraqi Ba'thism. Purges of high-ranking, 1968-1989.

Keeping At It

Keeping At It PDF Author: Paul A Volcker
Publisher: Hachette UK
ISBN: 154178829X
Category : Biography & Autobiography
Languages : en
Pages : 322

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Book Description
The extraordinary life story of the former chairman of the Federal Reserve, whose absolute integrity provides the inspiration we need as our constitutional system and political tradition are being tested to the breaking point. As chairman of the Federal Reserve (1979-1987), Paul Volcker slayed the inflation dragon that was consuming the American economy and restored the world's faith in central bankers. That extraordinary feat was just one pivotal episode in a decades-long career serving six presidents. Told with wit, humor, and down-to-earth erudition, the narrative of Volcker's career illuminates the changes that have taken place in American life, government, and the economy since World War II. He vibrantly illustrates the crises he managed alongside the world's leading politicians, central bankers, and financiers. Yet he first found his model for competent and ethical governance in his father, the town manager of Teaneck, NJ, who instilled Volcker's dedication to absolute integrity and his "three verities" of stable prices, sound finance, and good government.