Author: Thomas Levenson
Publisher: Random House Trade Paperbacks
ISBN: 0812987969
Category : Business & Economics
Languages : en
Pages : 481
Book Description
The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance) A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution—the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos—would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles. Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait—and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange. Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.
Money for Nothing
Author: Thomas Levenson
Publisher: Random House Trade Paperbacks
ISBN: 0812987969
Category : Business & Economics
Languages : en
Pages : 481
Book Description
The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance) A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution—the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos—would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles. Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait—and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange. Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.
Publisher: Random House Trade Paperbacks
ISBN: 0812987969
Category : Business & Economics
Languages : en
Pages : 481
Book Description
The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance) A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution—the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos—would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles. Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait—and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange. Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.
Money for Nothing
Author: P.G. Wodehouse
Publisher: Random House
ISBN: 1409063747
Category : Fiction
Languages : en
Pages : 324
Book Description
A P.G. Wodehouse novel The peaceful slumber of the Worcester village of Rudge-in-the-Vale is about to be rudely disrupted. First there's a bitter feud between peppery Colonel Wyvern and the Squire of Rudge Hall, rich but miserly Lester Carmody. Second, that arch-villain Chimp Twist has opened a health farm - and he and Soapy and Dolly Molloy are planning a fake burglary so Lester can diddle his insurance company. After the knockout drops are served, things get a little complicated. But will Lester's nephew John win over his true love, Colonel Wyvern's daughter Pat, and restore tranquillity to the idyll? It's a close-run thing...
Publisher: Random House
ISBN: 1409063747
Category : Fiction
Languages : en
Pages : 324
Book Description
A P.G. Wodehouse novel The peaceful slumber of the Worcester village of Rudge-in-the-Vale is about to be rudely disrupted. First there's a bitter feud between peppery Colonel Wyvern and the Squire of Rudge Hall, rich but miserly Lester Carmody. Second, that arch-villain Chimp Twist has opened a health farm - and he and Soapy and Dolly Molloy are planning a fake burglary so Lester can diddle his insurance company. After the knockout drops are served, things get a little complicated. But will Lester's nephew John win over his true love, Colonel Wyvern's daughter Pat, and restore tranquillity to the idyll? It's a close-run thing...
Money for Nothing
Author: Donald E. Westlake
Publisher: Hachette+ORM
ISBN: 0446554308
Category : Fiction
Languages : en
Pages : 212
Book Description
One of America's best-loved authors returns with a delightfully chilling new stand-alone in the vein of his bestsellers The Ax and The Hook. Josh Redmont was 27 when the first check arrived, and he had absolutely no idea what it was for. Issued by "United States Agent" through an unnamed bank with an indeterminate address in D.C., someone seemed to think Josh was owed $1,000. One month later, another check arrived, and then another, and another...and Josh cashed them all. Month after month, year after year, never a peep from the IRS, never an explanation for all this seemingly found money; the checks even followed Josh from one address to another as he moved through life. Now, after a full seven years, we find him on his way to meet the wife and kids for a summer vacation. Puzzled by the approach of a smiling stranger, Josh's stomach seizes with dread when the unwanted greeting begins with, "I am from United States Agent." Dumbstruck, Josh attempts to feign ignorance until he hears the words, "You are now active."
Publisher: Hachette+ORM
ISBN: 0446554308
Category : Fiction
Languages : en
Pages : 212
Book Description
One of America's best-loved authors returns with a delightfully chilling new stand-alone in the vein of his bestsellers The Ax and The Hook. Josh Redmont was 27 when the first check arrived, and he had absolutely no idea what it was for. Issued by "United States Agent" through an unnamed bank with an indeterminate address in D.C., someone seemed to think Josh was owed $1,000. One month later, another check arrived, and then another, and another...and Josh cashed them all. Month after month, year after year, never a peep from the IRS, never an explanation for all this seemingly found money; the checks even followed Josh from one address to another as he moved through life. Now, after a full seven years, we find him on his way to meet the wife and kids for a summer vacation. Puzzled by the approach of a smiling stranger, Josh's stomach seizes with dread when the unwanted greeting begins with, "I am from United States Agent." Dumbstruck, Josh attempts to feign ignorance until he hears the words, "You are now active."
Money for Nothing
Author: Saul Austerlitz
Publisher:
ISBN:
Category : Music
Languages : en
Pages : 270
Book Description
Music video in fugue -- Television vaudeville -- This video's for you -- Video follies -- Visions of a youth culture -- Spike and Michel -- No more stars.
Publisher:
ISBN:
Category : Music
Languages : en
Pages : 270
Book Description
Music video in fugue -- Television vaudeville -- This video's for you -- Video follies -- Visions of a youth culture -- Spike and Michel -- No more stars.
Money for Nothing
Author: Thomas Levenson
Publisher: Random House
ISBN: 0812998472
Category : Business & Economics
Languages : en
Pages : 481
Book Description
The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance) A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution—the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos—would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles. Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait—and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange. Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.
Publisher: Random House
ISBN: 0812998472
Category : Business & Economics
Languages : en
Pages : 481
Book Description
The sweeping story of the world’s first financial crisis: “an astounding episode from the early days of financial markets that to this day continues to intrigue and perplex historians . . . narrative history at its best, lively and fresh with new insights” (Liaquat Ahamed, Pulitzer Prize–winning author of Lords of Finance) A Financial Times Economics Book of the Year ● Longlisted for the Financial Times/McKinsey Business Book of the Year Award In the heart of the Scientific Revolution, when new theories promised to explain the affairs of the universe, Britain was broke, facing a mountain of debt accumulated in war after war it could not afford. But that same Scientific Revolution—the kind of thinking that helped Isaac Newton solve the mysteries of the cosmos—would soon lead clever, if not always scrupulous, men to try to figure a way out of Britain’s financial troubles. Enter the upstart leaders of the South Sea Company. In 1719, they laid out a grand plan to swap citizens’ shares of the nation’s debt for company stock, removing the burden from the state and making South Sea’s directors a fortune in the process. Everybody would win. The king’s ministers took the bait—and everybody did win. Far too much, far too fast. The following crash came suddenly in a rush of scandal, jail, suicide, and ruin. But thanks to Britain’s leader, Robert Walpole, the kingdom found its way through to emerge with the first truly modern, reliable, and stable financial exchange. Thomas Levenson’s Money for Nothing tells the unbelievable story of the South Sea Bubble with all the exuberance, folly, and the catastrophe of an event whose impact can still be felt today.
Money for Nothing
Author: Fred S. McChesney
Publisher: Harvard University Press
ISBN: 9780674583306
Category : Business & Economics
Languages : en
Pages : 252
Book Description
The increased power of lobbyists in Washington and the excesses of campaign contributions suggest a government corrupted. But as McChesney shows, payments to politicians are often made not for political favors, but to avoid political disfavor. He analyzes the patterns of legal extortion underlying the current fabric of interest-group politics.
Publisher: Harvard University Press
ISBN: 9780674583306
Category : Business & Economics
Languages : en
Pages : 252
Book Description
The increased power of lobbyists in Washington and the excesses of campaign contributions suggest a government corrupted. But as McChesney shows, payments to politicians are often made not for political favors, but to avoid political disfavor. He analyzes the patterns of legal extortion underlying the current fabric of interest-group politics.
Money for Nothing
Author: John Gillespie
Publisher: Simon and Schuster
ISBN: 141659776X
Category : Business & Economics
Languages : en
Pages : 322
Book Description
A Bank of America director questioned the CEO's $76 million pay package in a year when the bank was laying off 12,600 workers and found herself dropped from the board without notice a few months later. According to their employment agreements -- approved by boards -- 96 percent of large company CEOs have guarantees that do not allow them to be fired "for cause" for unsatisfactory performance, which means they can walk away with huge payouts, and 49 percent cannot be fired even for breaking the law by failing in their fiduciary duties to shareholders. The General Motors board gave CEO Rick Wagoner a 64 percent pay raise -- to $15.7 million -- in 2007, when the company lost $38.7 billion. The company went bankrupt two years later at a cost of $52 billion to shareholders and another $13.4 billion to all taxpayers. If you own stock -- and 57 million U.S. households do -- every cent of these outrages comes out of your pocket, thanks to boards of directors who are supposed to represent your interests. Every customer, employee, and taxpayer is also being hurt and American business is being imperiled. In the most recent economic collapse, almost all attention has focused on the greed, recklessness, or incompetence of CEOs rather than the negligence of boards, who ought to be held equally, if not more, accountable because the CEOs theoretically work for them. But the world of boards has become an entrenched insiders' club -- virtually free of accountability or personal liability. Too often, corporate boards act as enabling lapdogs rather than trustworthy watchdogs, costing us trillions. Money for Nothing exposes the glaring flaws in this dysfunctional system, including directors who are selected by the CEOs they are meant to hold accountable; compensation consultants who legitimize outrageous pay; accountants and attorneys who see no evil; legal vote buying; rampant conflicts of interest; and much more. Using their extensive original reporting and interviews with high-level insiders, John Gillespie and David Zweig -- both Harvard MBAs with thirty-plus years of Fortune 100 experience at investment banks and media companies -- expose what happened, or failed to happen, in the boardrooms of companies such as Lehman Brothers, General Motors, Bear Stearns, and Countrywide and how it has resulted in so much financial devastation. They reveal how the byzantine yet indestructible web of power and money has brought on collapse after collapse, with fig-leaf reforms that feebly anticipate last year's scandal, but never next year's. Money for Nothing shows how the game is played, and how you can help to demand real change in a badly broken system.
Publisher: Simon and Schuster
ISBN: 141659776X
Category : Business & Economics
Languages : en
Pages : 322
Book Description
A Bank of America director questioned the CEO's $76 million pay package in a year when the bank was laying off 12,600 workers and found herself dropped from the board without notice a few months later. According to their employment agreements -- approved by boards -- 96 percent of large company CEOs have guarantees that do not allow them to be fired "for cause" for unsatisfactory performance, which means they can walk away with huge payouts, and 49 percent cannot be fired even for breaking the law by failing in their fiduciary duties to shareholders. The General Motors board gave CEO Rick Wagoner a 64 percent pay raise -- to $15.7 million -- in 2007, when the company lost $38.7 billion. The company went bankrupt two years later at a cost of $52 billion to shareholders and another $13.4 billion to all taxpayers. If you own stock -- and 57 million U.S. households do -- every cent of these outrages comes out of your pocket, thanks to boards of directors who are supposed to represent your interests. Every customer, employee, and taxpayer is also being hurt and American business is being imperiled. In the most recent economic collapse, almost all attention has focused on the greed, recklessness, or incompetence of CEOs rather than the negligence of boards, who ought to be held equally, if not more, accountable because the CEOs theoretically work for them. But the world of boards has become an entrenched insiders' club -- virtually free of accountability or personal liability. Too often, corporate boards act as enabling lapdogs rather than trustworthy watchdogs, costing us trillions. Money for Nothing exposes the glaring flaws in this dysfunctional system, including directors who are selected by the CEOs they are meant to hold accountable; compensation consultants who legitimize outrageous pay; accountants and attorneys who see no evil; legal vote buying; rampant conflicts of interest; and much more. Using their extensive original reporting and interviews with high-level insiders, John Gillespie and David Zweig -- both Harvard MBAs with thirty-plus years of Fortune 100 experience at investment banks and media companies -- expose what happened, or failed to happen, in the boardrooms of companies such as Lehman Brothers, General Motors, Bear Stearns, and Countrywide and how it has resulted in so much financial devastation. They reveal how the byzantine yet indestructible web of power and money has brought on collapse after collapse, with fig-leaf reforms that feebly anticipate last year's scandal, but never next year's. Money for Nothing shows how the game is played, and how you can help to demand real change in a badly broken system.
Money for Nothing
Author: Edward Ugel
Publisher: Harper Collins
ISBN: 0061284173
Category : Biography & Autobiography
Languages : en
Pages : 260
Book Description
A marketing expert who made an ethically questionable living by enabling naive lottery winners to convert their payout terms into less-valuable cash settlements reveals how many winners of the lottery find themselves worse off for their changed circumstances.
Publisher: Harper Collins
ISBN: 0061284173
Category : Biography & Autobiography
Languages : en
Pages : 260
Book Description
A marketing expert who made an ethically questionable living by enabling naive lottery winners to convert their payout terms into less-valuable cash settlements reveals how many winners of the lottery find themselves worse off for their changed circumstances.
Money for Nothing
Author: R. P. Bootle
Publisher: Nicholas Brealey Publishing
ISBN: 9781857882834
Category : Business cycles
Languages : en
Pages : 0
Book Description
The world is at a critical juncture, poisted delicately between a surge in wealth and a descent into outright recession. In The Death of Inflation, Roger Bootle rocked the economic establishment with his predictions and was proven right. Now, he embraces controversy again with a fascinating and far-reaching book that analyses the prospects of deflation and depression and the great illusion of the economic bubble, which represents the difference between real and illusory wealth, or money for nothing. In Money for Nothing, Bootle argues that if we can avoid the twin perils of protectionism and a deflationary slump, there is hope for a global leap in real wealth in the future through an acceleration of global trade.
Publisher: Nicholas Brealey Publishing
ISBN: 9781857882834
Category : Business cycles
Languages : en
Pages : 0
Book Description
The world is at a critical juncture, poisted delicately between a surge in wealth and a descent into outright recession. In The Death of Inflation, Roger Bootle rocked the economic establishment with his predictions and was proven right. Now, he embraces controversy again with a fascinating and far-reaching book that analyses the prospects of deflation and depression and the great illusion of the economic bubble, which represents the difference between real and illusory wealth, or money for nothing. In Money for Nothing, Bootle argues that if we can avoid the twin perils of protectionism and a deflationary slump, there is hope for a global leap in real wealth in the future through an acceleration of global trade.
Money for Nothing and Your Property Free
Author: Andy Shaw
Publisher: Andy Shaw
ISBN: 095540410X
Category : Investments
Languages : en
Pages : 47
Book Description
Publisher: Andy Shaw
ISBN: 095540410X
Category : Investments
Languages : en
Pages : 47
Book Description