Why Americans are fleeing our broken banking system: “Startling and absorbing…Required reading for fans of muckraking authors like Barbara Ehrenreich.”—Publishers Weekly (starred review) What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twentysomething graduate student have in common? All three are victims of our dysfunctional mainstream bank and credit system. Nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their lower- and middle-income customers while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America’s banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers engaging, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve those outside the one percent. “Valuable evidence on the fragility of the personal economies of most Americans these days.”—Kirkus Reviews “An intelligent plea for financial justice…[An] excellent book.”—The Christian Science Monitor
Pres. Franklin D. Roosevelt declared a bank holiday on March 5, 1933, closing banks across the country until they proved financial soundness. Meanwhile, as the United States crawled out of the Great Depression, Jesse H. Mitchell and a group of black businessmen accomplished the extraordinary--they started a black-owned bank on a street known as "Black Broadway" in the nation's capital. Mitchell, a Howard University-educated lawyer and realtor, and his friends sold $65,000 in stock, and in the sweltering heat on August 20, 1934, Industrial Bank of Washington opened for business. A range of black investors rallied around the effort, from individuals, churches, and service-oriented organizations to savvy business owners. The bank has carried on for three generations: Mitchell's son B. Doyle Mitchell Sr. succeeded him as president in 1953, who was then succeeded in 1993 by his grandson B. Doyle Mitchell Jr. as president and CEO and his granddaughter Patricia A. Mitchell as executive vice president.
A tree frog’s adventures after losing his home. Colonel Hindenburg searches for a new home, escapes from a snake and makes some new friends when he finds a new home.
These are the stories of a girl's life while growing up in a small town called Red Bank. As they say it takes a village to raise a child And this is my village.
In a world where product lifespans are often measured in months, the IBM® Transaction Processing Facility has remained relevant for more than four decades by continuing to process high volumes of transactions quickly and reliably. As the title of this book suggests, the z/TPF system uses open, standard interfaces to create services. Integration of new applications with existing z/TPF functions is a key factor in extending application capabilities. The ability for service data objects (SDO) to access the z/TPF Database Facility (z/TPFDF) provides a framework for data application program development that includes an architecture and application programming interfaces (APIs). SDO access to z/TPFDF provides remote client applications with access to z/TPF traditional data. In the simplest terms, service-oriented architecture (SOA) is a means by which like, or unlike, systems can communicate with one another despite differences between each system's heritage. SOA can neutralize the differences between systems so that they understand one another. SOA support for z/TPF is a means by which z/TPF can interact with other systems that also support SOA. This book discusses various aspects of SOA in the z/TPF system, including explanations and examples to help z/TPF users implement SOA. IBM WebSphere® Application Server was chosen as the partner system as a means of demonstrating how a world class transaction server and a world class application server can work together. This book shows you how you can exploit z/TPF as a transaction server, participating in a SOA structure alongside WebSphere Application Server. This IBM Redbooks® publication provides an introduction to z/TPF and the technologies critical to SOA. z/TPF is positioned as a provider or consumer in an SOA by supporting SOAP processing, communication bindings, and Extensible Markup Language (XML). An example is used to show how z/TPF can be used both as a Web service provider and as a consumer. A second example shows how to use WebSphere Operational Decision Management to apply business rules. A third example shows how business event processing can be incorporated in z/TPF applications. An example is also used to discuss security aspects, including z/TPF XML encryption and the z/TPF WS-Security wrapper. The main part of the book concludes with a discussion of z/TPF in an open systems environment, including examples of lightweight implementations to fit z/TPF, such as the HTTP server for the z/TPF system. The appendixes include information and examples using TPF Toolkit, sample code, and workarounds (with yes, more examples).
The history, mystique, and remarkable success of Goldman Sachs, the world's premier investment bank, are examined in unprecedented depth in this fascinating and authoritative study. Former Goldman Sachs Vice President Lisa Endlich draws on an insider's knowledge and access to all levels of management to bring to life this unique company that has long mystified financial players and pundits. The firm's spectacular ascent is traced in the context of its tenacious grip on its core values. Endlich shows how close client contact, teamwork, focus on long-term profitability rather than short-term opportunism, and the ability to recruit consistently some of the most talented people on Wall Street helped the firm generate a phenomenal $3 billion in pretax profits in 1997. And she describes in detail the monumental events of 1998 that shook Goldman Sachs and the financial world. Her book documents some of the most stunning accomplishments in modern American finance, as told through the careers of the gifted and insightful men who have led Goldman Sachs. It begins with Marcus Goldman, a German immigrant who in 1869 founded the firm in a lower Manhattan basement. After the turn of the century, we see his son Henry and his son-in-law Sam Sachs develop a full-service bank. Sidney Weinberg, a kid from the streets, was initially hired as an assistant porter and became senior partner in 1930. We watch him as he steers the firm through the aftermath of the Crash and raises the Goldman Sachs name to national prominence. When he leaves in 1969 the firm has a solid-gold reputation and a first-class list of clients. We see his successor, Gus Levy, a trading wizard and in his day the best-known man on Wall Street, urging greater risk, inventing block trading (which revolutionized the exchanges), and psychologically preparing Goldman Sachs for the complex and perilous financial world that was the 1980s. Endlich shows us how co-CEOs John Whitehead and John Weinberg turned the family firm into a highly professional international organization with a culture that was the envy of Wall Street. She shows as well how Steve Friedman and Robert Rubin brought the firm to the pinnacle of investment banking, increased annual profits from $900 million to $2.7 billion, and achieved dominance in most of the businesses in which the firm competes internationally. We see how Goldman Sachs weathered both an insider trading scandal and the fallout from its relationship with Robert Maxwell. We are taken to the present day, as Jon Corzine and Hank Paulson lead the firm out of turmoil to face the most important decision ever placed before the partnership--the question of a public sale. For many years the leadership wrestled with the issue behind closed doors. Now, against the backdrop of unforeseen events, we witness the passionate debate that engulfed the entire partnership. A rare and revealing look inside a great institution--the last private partnership on Wall Street--and inside the financial world at its highest levels.
Bank tellers have an important job--they help keep our money safe. In this appealing book, readers learn about the differences and similarities between bank tellers from the past and present. Through interesting facts, vivid images, a glossary, and index, readers learn about many aspects of banking---including where money is made, ATMs, and bank vaults.
This third book in the Global Perspectives on Social Issues series grants scholars and policy makers an overview of the steps being taken by governments and educational organizations worldwide to increase the quality, standards, goals, and accessibility of education. Authors Rita J. Simon and Lisa Banks examine and compare the system of education, literacy rates, enrollment rates, types of public and private schools, years of compulsory education, and the amount of money the government allocates to education in twenty countries worldwide. Each country's demographic characteristics and political, social, and economic institutions are summarized, and the influence of each nation's political and cultural ideology on the educational system is discussed.
If you want to become a doctor, practice in a war; if you want to become an economist, practice in Vietnam". 1 Phan Van Tiem Vietnam is one of many countries presently undergoing fundamental institutional change: the market mechanism is replacing central planning. So far, the achievements are impressive. In the mid-1980s, the country failed to feed its population, suffered from hyperinflation and faced general economic stagnation. In the early 1990s, the annual economic growth rate had accelerated to some eight to nine percent, the inflation rate had fallen to two-digit levels - sometimes even lower - and the country had become one of the world's largest rice exporters. Add some more details - the increased foreign trade, the inflow of foreign investments, the diversification of agriculture, and ~e various reform measures taken to alter the basic economic structure - and the success story of the Vietnamese transition is told. The country has hence followed the same path as its northern neighbor China, and provided a counterexample to much more cumbersome processes that have been adopted in a number of other transforming countries, notably those of the former USSR. This transition is by no means over. Indeed, it is misleading to think of transition as a process that departs from a well-defined pre-condition and moves towards an equally well defined end-point.
A personal journey through one of the worst financial meltdowns in history. In hindsight I should have seen the meltdown coming. Our businesses were just doing too well, the economy looked too promising, and money was way too loose. In 2008 the house of cards that the banks and Wall Street had built came tumbling down and took us right with it. The Great Recession swallowed us up with open arms and lead us straight down the path of foreclosure.
A wounded veteran and the police chief’s daughter must work together to bring a killer to justice. Caden Wallis lost friends, his girlfriend, and even his leg to the ravages of war. He arrives on the Outer Banks broken and still reeling, struggling to make peace with his new life. McKenna Dockery has been stuck in limbo since her fiancé died three years ago. Now, when the handsome yet heartbroken Caden arrives at her doorstep, she starts to wonder if there may be hope for her heart after all . . . But no sooner do they meet than a man is found murdered on McKenna’s property — and Caden is the prime suspect. The two must learn to trust each other, or no one will be safe in the tangled web of conspiracy, greed, and deceit lurking in the tidal marshlands of the Outer Banks.
Bank tellers have an important job--they help keep our money safe. In this appealing book, readers learn about the differences and similarities between bank tellers from the past and present. Through interesting facts, vivid images, a glossary, and index, readers learn about many aspects of banking---including where money is made, ATMs, and bank vaults.
From the #1 New York Times author of Before We Were Yours! Elizabeth Gallagher has been balancing on the ragged edge for a while now. Then a rough case on the boards of her 911 operator’s job collides with a family conflict at home, and Elizabeth finds herself finally coming apart at the seams. A four-state road trip—trapped in a car with her mother—is the last thing she needs. Their destination may be beautiful Hatteras Island, but the reason for going is anything by pleasant. After one disastrous hurricane, and with a second one working its way up the coast, it’s time to convince Aunt Sandy to abandon her little seaside store on North Carolina’s Outer Banks and return to the family fold in Michigan. But when the storm sweeps through, the three women will discover that sisterhood and the sea can change hearts, lives, and futures . . . often in the most unpredictable of ways.
Lark Summerville’s life has few surprises–and that’s just how she likes it. All she wants is to live out her angst-riddled life in her blue-collar Baltimore neighborhood, punctuated by weekly trips to her local parish, where Lark is organist, and telephone conversations with desperate souls who dial her hotline at 1-777-IPRAY4U. Then one night, Lark’s home is destroyed by a fire, forcing her out of her comfortable nest and back to the childhood home she has avoided for years. At Stoneleigh House, Lark is surrounded by three very different women: her grown daughter, Flannery; her barely tolerable socialite mother, Leslie; and Prisma Percy, housekeeper and family confidante, all of whom believe Lark was widowed years before. In this circle of women, Lark’s carefully constructed existence begins to unravel, even as the promise of a new one unfolds. But when her contrite ex-husband shows up, longing to assume his role as Flannery’s father, twenty years after his desertion, Lark finds that she must face her own lies–and her past–before a new life can unfold.
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