The urgent demand for housing after World War I fueled a boom in residential construction that led to historic peaks in home ownership. Foreclosures at the time were rare, and when they did happen, lenders could quickly recoup their losses by selling into a strong market. But no mortgage system is equipped to deal with credit problems on the scale of the Great Depression. As foreclosures quintupled, it became clear that the mortgage system of the 1920s was not up to the task, and borrowers, lenders, and real estate professionals sought action at the federal level. Well Worth Saving tells the story of the disastrous housing market during the Great Depression and the extent to which an immensely popular New Deal relief program, the Home Owners’ Loan Corporation (HOLC), was able to stem foreclosures by buying distressed mortgages from lenders and refinancing them. Drawing on historical records and modern statistical tools, Price Fishback, Jonathan Rose, and Kenneth Snowden investigate important unanswered questions to provide an unparalleled view of the mortgage loan industry throughout the 1920s and early ’30s. Combining this with the stories of those involved, the book offers a clear understanding of the HOLC within the context of the housing market in which it operated, including an examination of how the incentives and behaviors at play throughout the crisis influenced the effectiveness of policy. More than eighty years after the start of the Great Depression, when politicians have called for similar programs to quell the current mortgage crisis, this accessible account of the Home Owners’ Loan Corporation holds invaluable lessons for our own time.
The untold story of how Authoritarians from the Progressive Era to the present removed all constitutional barriers to the deprivation of individual rights, upending the promise of the Declaration of Independence and inviting a new socialist state in America.
Feeding on Non-Prey Resources by Natural Enemies Moshe Coll Reports on the consumption of non-prey food sources, particularly plant materials, by predators and parasitoids are common throughout the literature (reviewed recently by Naranjo and Gibson 1996, Coll 1998a, Coll and Guershon, 2002). Predators belonging to a variety of orders and families are known to feed on pollen and nectar, and adult parasitoids acquire nutrients from honeydew and floral and extrafloral nectar. A recent publication by Wäckers et al. (2005) discusses the p- visioning of plant resources to natural enemies from the perspective of the plant, exploring the evolutionary possibility that plants enhance their defenses by recru- ing enemies to food sources. The present volume, in contrast, presents primarily the enemies’ perspective, and as such is the first comprehensive review of the nut- tional importance of non-prey foods for insect predators and parasitoids. Although the ecological significance of feeding on non-prey foods has long been underappreciated, attempts have been made to manipulate nectar and pollen ava- ability in crop fields in order to enhance levels of biological pest control by natural enemies (van Emden, 1965; Hagen, 1986; Coll, 1998a). The importance of n- prey foods for the management of pest populations is also discussed in the book.
An accessible analysis of the global expansion of financial markets in poor communities, incorporating the latest thinking and evidence. The microfinance revolution has allowed more than 150 million poor people around the world to receive small loans without collateral, build up assets, and buy insurance. The idea that providing access to reliable and affordable financial services can have powerful economic and social effects has captured the imagination of policymakers, activists, bankers, and researchers around the world; the 2006 Nobel Peace Prize went to microfinance pioneer Muhammed Yunis and Grameen Bank of Bangladesh. This book offers an accessible and engaging analysis of the global expansion of financial markets in poor communities. It introduces readers to the key ideas driving microfinance, integrating theory with empirical data and addressing a range of issues, including savings and insurance, the role of women, impact measurement, and management incentives. This second edition has been updated throughout to reflect the latest data. A new chapter on commercialization describes the rapid growth in investment in microfinance institutions and the tensions inherent in the efforts to meet both social and financial objectives. The chapters on credit contracts, savings and insurance, and gender have been expanded substantially; a new section in the chapter on impact measurement describes the growing importance of randomized controlled trials; and the chapter on managing microfinance offers a new perspective on governance issues in transforming institutions. Appendixes and problem sets cover technical material.
The fascinating behind the scenes story of the brash Aussie technology start up that changed the way a whole generation around the world does their shopping. Millennials love it. Amateur investors made millions out of it, and its founders became billionaires. But professional investors steered clear, regarding it as over-valued. In a few short years, the Australian startup Afterpay has put a rocket under consumer finance and birthed a global industry. It pioneered the four-payments model that allows customers to bypass credit cards for online shopping and budgeting, with the cost borne by the retailer. Just five years after it was founded, Afterpay had changed the way a generation went shopping, how brands from big banks to fashion labels win customers, and how institutions value companies. Buy Now, Pay Later recounts the dramatic behind-the-scenes story of the founding and rise of Afterpay. It reveals the network of business and personal relationships that enabled the company to finance its speedy growth and the manoeuvring that enabled it to escape regulation for years, as well as the near-death experiences and rising concern that it is getting young people hooked on debt. Drawing on years of on-the-ground reporting and interviews with key figures involved in their rollercoaster ride, this is the Afterpay story told in full for the first time. Jonathan Shapiro and James Eyers report on banking and finance at The Australian Financial Review. 'A gripping success story with a colourful Sydney cast, a story of innovation, courage, lucky breaks and above all family.' - Malcolm Turnbull, former Prime Minister of Australia 'Shapiro and Eyers tell the entertaining and illuminating story of how Afterpay emerged as a global, online-retailing power in a few short years.' - Gregory Zuckerman, The Wall Street Journal 'Well written and well worth reading.' - David Gonski AC, company director 'A fascinating read of the journey behind one of the biggest Australian entrepreneurial successes of our time!' - Jane Lu, CEO and founder, Showpo
Federal Courts: Cases and Materials, Third Edition by Jonathan R. Siegel delivers rich, sophisticated coverage of the Federal Courts class with a clean, uncluttered presentation. Students learn from thoughtfully selected cases, carefully curated notes, and engaging discussion problems. Excellent case editing reduces cases to readable length while preserving their essential facts and arguments. The outstanding, comprehensive Teacher’s Manual is brimming with suggestions for teaching the material. Professors and instructors who have adopted the book for their classes have strongly praised the book and the Teacher's Manual. The purchase of this ebook edition does not entitle you to receive access to the Connected eBook on CasebookConnect. You will need to purchase a new print book to get access to the full experience including: lifetime access to the online ebook with highlight, annotation, and search capabilities, plus an outline tool and other helpful resources. New to the Third Edition: TransUnion LLC v. Ramirez (2021) (limiting Congress’s power to confer standing to seek statutory damages) Whole Woman’s Health v. Jackson (2021) (allowing state laws to evade pre-enforcement challenge) Rucho v. Common Cause (2019) (holding that gerrymandering presents a nonjusticiable political question) Egbert v. Boule (2022) (limiting the availability of Bivens actions) Professors and students will benefit from: Thoughtfully selected cases Notes that enhance understanding without being too dense Excellent case editing Engaging Discussion Problems, which help students determine whether they understand the rules and concepts presented
An assessment of "the microfinance revolution" from an economics perspective that draws on lessons from academia and international practice to challenge conventional assumptions.
A much-requested first edition of Sawday's British vacation rental selection, highlighting over 200 places--from the simple to the sumptuous. Sawday-style write-ups help readers avoid spending precious days in the wrong place!
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