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Illustrated with historical analysis, case studies, and accessible economic concepts, this book explains what financial crises are, how they are caused and what we can learn from them. It will appeal to university students as well as general readers who are curious to learn more about the recent subprime crisis and other financial crises.
In the heart of Panama, a volcanic lake feeds a serpentine river—its stone banks laid by the Inca, who took back the gold and jewels plundered from them by the conquistadors. Legend has it that the Twice-Stolen Treasure has been buried for centuries in the Panamanian jungle. Discovering it means surviving the unpredictable black waters of the River of Ruin.... It begins at a Paris auction house, with a favor granted by an old high school friend to geologist Philip Mercer: the opportunity to buy a rare diary written during the French attempt at digging the Panama Canal. But Mercer isn’t the only one who wants it. Three Chinese assassins have been dispatched to get it, forcing Mercer into a subterranean game of cat and mouse that takes him from the hellish maze of l’empire de la mort and through the sewers of Paris. Mercer realizes he has uncovered an intricate Chinese plot to trigger a deadly shift in the world’s balance of power. At stake is control of the canal, recently handed over to the government of Panama by the United States. Only Philip Mercer—with help from beautiful U.S. Army officer Lauren Vanik, a cell of tough French Foreign Legion commandos, and a crusty eighty-year-old retired sea captain named Harry White—can stop them.
Winner of the American Philosophical Society’s 2021 Jacques Barzun Prize in Cultural History From an award-winning historian, a panoramic account of Europe after the depravity of World War II. In 1945, Europe lay in ruins. Some fifty million people were dead, and millions more languished in physical and moral disarray. The devastation of World War II was unprecedented in character as well as in scale. Unlike the First World War, the second blurred the line between soldier and civilian, inflicting untold horrors on people from all walks of life. A continent that had previously considered itself the very measure of civilization for the world had turned into its barbaric opposite. Reconstruction, then, was a matter of turning Europe's "civilizing mission" inward. In this magisterial work, Oxford historian Paul Betts describes how this effort found expression in humanitarian relief work, the prosecution of war crimes against humanity, a resurgent Catholic Church, peace campaigns, expanded welfare policies, renewed global engagement and numerous efforts to salvage damaged cultural traditions. Authoritative and sweeping, Ruin and Renewal is essential reading for anyone hoping to understand how Europe was transformed after the destruction of World War II.
How to Ruin Your Life is a powerful self-help tool in the form of a work of humor. It is sardonic advice, presented with tongue in cheek, explaining how people can ''ruin' their lives. The essays cover topics such as ''Convince Yourself That Youre All That Matters,' Think the Worst of Everyone,' ''Pour Salt on Those Wounds,' and ''You Can Change People.' Seriously, though, to anyone who reads this book, it is an earnest warning about falling into traps of self-destructive behavior that can ruin any man or womans life. More than that, it comprises 35 steps that - if read and understood - provide a road map to making life work in the most effective way possible. It is humor and self-help all in one, delivered by Ben Stein, a man who has witnessed more than his share of people who did ruin their lives - as well as those whose lives have been wildly successful.
Public housing was an integral part of the New Deal, as the federal government funded public works to generate economic activity and offer material support to families made destitute by the Great Depression, and it remained a major element of urban policy in subsequent decades. As chronicled in New Deal Ruins, however, housing policy since the 1990s has turned to the demolition of public housing in favor of subsidized units in mixed-income communities and the use of tenant-based vouchers rather than direct housing subsidies. While these policies, articulated in the HOPE VI program begun in 1992, aimed to improve the social and economic conditions of urban residents, the results have been quite different. As Edward G. Goetz shows, hundreds of thousands of people have been displaced and there has been a loss of more than 250,000 permanently affordable residential units. Goetz offers a critical analysis of the nationwide effort to dismantle public housing by focusing on the impact of policy changes in three cities: Atlanta, Chicago, and New Orleans.Goetz shows how this transformation is related to pressures of gentrification and the enduring influence of race in American cities. African Americans have been disproportionately affected by this policy shift; it is the cities in which public housing is most closely identified with minorities that have been the most aggressive in removing units. Goetz convincingly refutes myths about the supposed failure of public housing. He offers an evidence-based argument for renewed investment in public housing to accompany housing choice initiatives as a model for innovative and equitable housing policy.
A provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist. Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore. From politicians to hedge fund managers to middle-class IRA holders, everyone must pay attention to how and why the global economy works the way it does. Enter Financial Times columnist and bestselling author Tim Harford. In this new book that demystifies macroeconomics, Harford strips away the spin, the hype, and the jargon to reveal the truth about how the world’s economy actually works. With the wit of a raconteur and the clear grasp of an expert, Harford explains what’s really happening beyond today’s headlines, why all of us should care, and what we can do about it to understand it better.
The chaotic events leading up to Mitt Romney's defeat in the 2012 election indicated how far the Republican Party had rocketed rightward away from the center of public opinion. Republicans in Congress threatened to shut down the government and force a U.S. debt default. Tea Party activists mounted primary challenges against Republican officeholders who appeared to exhibit too much pragmatism or independence. Moderation and compromise were dirty words in the Republican presidential debates. The GOP, it seemed, had suddenly become a party of ideological purity. Except this development is not new at all. In Rule and Ruin, Geoffrey Kabaservice reveals that the moderate Republicans' downfall began not with the rise of the Tea Party but about the time of President Dwight Eisenhower's farewell address. Even in the 1960s, when left-wing radicalism and right-wing backlash commanded headlines, Republican moderates and progressives formed a powerful movement, supporting pro-civil rights politicians like Nelson Rockefeller and William Scranton, battling big-government liberals and conservative extremists alike. But the Republican civil war ended with the overthrow of the moderate ideas, heroes, and causes that had comprised the core of the GOP since its formation. In hindsight, it is today's conservatives who are "Republicans in Name Only." Writing with passionate sympathy for a bygone tradition of moderation, Kabaservice recaptures a time when fiscal restraint was matched with social engagement; when a cohort of leading Republicans opposed the Vietnam war; when George Romney--father of Mitt Romney--conducted a nationwide tour of American poverty, from Appalachia to Watts, calling on society to "listen to the voices from the ghetto." Rule and Ruin is an epic, deeply researched history that reorients our understanding of our political past and present. Today, following the Republicans' loss of the popular vote in five of the last six presidential contests, moderates remain marginalized in the GOP and progressives are all but nonexistent. In this insightful and elegantly argued book, Kabaservice contends that their decline has left Republicans less capable of governing responsibly, with dire consequences for all Americans. He has added a new afterword that considers the fallout from the 2012 elections.