When Bush came to office in 2001, the 10-year budget balance was officially projected to be at a surplus of $5.6 trillion. But after three big tax cuts, the bursting of the stock-market bubble, and the devastating effects of 9/11on the economy, the surplus has evaporated, and the deficit is expected to grow to $ 5-trillion over the next decade. The domestic deficit is only the half of it. Given our $500 billion trade deficit and our anemic savings rate, we depend on an unprecedented $2 billion of foreign capital every working day. If foreign confidence were to wane, this could lead to the dreaded hard landing. Peter G. Peterson--a lifelong Republican, chairman of the Blackstone Group, and former secretary of commerce under Nixon--shatters the myths with hard facts and a harrowing view of the twin deficit's real impact. Republicans and Democrats alike have mortgaged America's future through reckless tax cuts, out-of-control spending and Enron-style accounting in Congress. And the situation will only get worse as the Baby Boom generation begins to retire, making unprecedented demands on entitlement programs like Social Security and Medicare. Despite what Bush says, we are on a path that could end in economic meltdown, and we simply cannot grow out of the deficit. In Running On Empty, Peterson sounds the warning bell and prescribes a set of detailed solutions which, if implemented early, will prevent the need for draconian measures later. He takes us behind the politicians' smoke-and-mirror games, and forcefully explains what we must do to rescue the future of our country.
With insight and refreshing candor, Peter G. Peterson describes his remarkable life story beginning in Kearney, Nebraska as an eight-year-old manning the cash register at his father's Greek diner through his "Mad Men" advertising days, to Secretary of Commerce in Nixon's paranoid White House, to the tumultuous days of Lehman Brothers, and to the creation of The Blackstone Group, one of the great financial enterprises in recent times. In The Education of the American Dreamer, Peterson chronicles the progress of this journey with irony, humor and, sometimes, painful honesty. Within these pages are stories of marriage and family hardship; lessons in political gamesmanship; thoughts on his obsessive desire to succeed; and, finally, learning the meaning of "enough." From his advertising days in Chicago in the 1950's to becoming the youngest CEO of a Fortune 300 Company, he shares with us his rise to the top and the price paid along the way. As the youngest Cabinet member in the Nixon administration, he describes his survival techniques in a hubris-driven and paranoid White House, including his turbulent turf wars with Treasury Secretary John Connally leading to Peterson's abrupt and highly publicized firing. His stewardship of Lehman Brothers is a Shakespearian tale of a CEO who struggled to deal with partners who were plotting his demise and, at the same time, turning an institution on the brink of bankruptcy to one with 5 straight years of record profits. His life's story is about doing well by doing good. In the wake of Blackstone's highly successful public offering, Peterson found himself an 80-year old instant billionaire, on the verge of retirement. And like many lifetime workers and over-achievers, he suddenly confronts an unexpected, depressing identity crisis. His solution? Committing a great bulk of his net proceeds to establish the Peter G. Peterson Foundation, his philanthropic endeavor to do something about America's politically untouchable challenges that threaten America's future, among them massive entitlement obligations, ballooning health care costs, and our energy gluttony. Ultimately, this is a man's account of his legendary successes, humiliating failures, and personal tragedies - a testament to a remarkable life and, indeed, to the American Dream itself.
“Despite clear danger and explicit warnings, the United States of America—distracted by short-term challenges and its own political dysfunction—is steaming toward its own collision, one with long-term debt.” Philanthropist, businessman, and former secretary of commerce Peter G. Peterson argues that we can no longer ignore the long-term debt challenges facing our country, because our economic future depends on it. The gross federal debt now exceeds $17 trillion and it is expected to rise rapidly in the decades to come. If the growing gap between projected spending and revenues continues to widen, our federal debt is projected to soar to the highest levels in our nation’s history—more than four times its average over the past forty years. This growing debt and the associated interest costs divert resources away from important public and private investments that are critical to our global competitiveness, threatening our future economy. Peterson has made it his life’s work to bring awareness to America’s key economic and fiscal challenges. He makes clear that if we continue to ignore America’s long-term debt, we will diminish economic opportunities for future generations, weaken our ability to protect the most vulnerable, and undermine the competitive strength of our businesses globally. The drama-filled, economically damaging budget battles of the last few years have focused almost entirely on the short term—putting aside the more difficult, but much more important, long-term issues. Peterson offers nonpartisan analysis of our economic challenges and a robust set of options for solving our long-term debt problems. He looks at the impact of aging baby boomers, growing healthcare costs, outdated military spending, a flawed tax code, and our divided political system. And he offers hopeful, durable, and achievable solutions for improving our fiscal outlook through a mix of progrowth reform options that would reduce government spending and increase revenue, and could be phased in gradually in the years to come. There’s still time to restore the United States as a land of opportunity. Peterson’s diagnosis and recommendations can help us confront our fiscal reality, address our long-term debt, and steer the country safely toward a more secure and dynamic economic future.
This study demonstrates the importance of including narrative ethics in a construction of Old Testament ethics, as a correction for the current state of marginalisation of narrative in this discipline. To this end, the concept of identity is used as a lens through which to understand and derive ethics. Since self-conception in ancient Israel is generally held to be predominantly collectivist in orientation, social identity theory is used to understand ancient Israelite identity. Although collectivist sensitivities are important, a social identity approach also incorporates an understanding of individuality. This approach highlights the social emphases of a biblical text, and consequently assists in understanding a text's original ethical message. The book of Ruth is used as a test case, employing a social identity approach for understanding the narrative, but also to model the approach so that it can be implemented more widely in study of the Old Testament and narrative ethics. Each of the protagonists in the book of Ruth is examined in regards to their personal and social self-components. This study reveals that the narrative functions to shape or reinforce the identity of an ancient Israelite implied reader. Since behavioural norms are an aspect of identity, narrative also influences behaviour. A social identity approach can also highlight the social processes within a society. The social processes taking place in the two most commonly proposed provenances for the book of Ruth are discussed: the Monarchic and Persian Periods. It is found that the social emphases of the book of Ruth most closely correspond to the social undercurrents of the Persian Period. On this basis, a composition for the book of Ruth in the Restoration period is proposed.
Now in four convenient volumes, Field’s Virology remains the most authoritative reference in this fast-changing field, providing definitive coverage of virology, including virus biology as well as replication and medical aspects of specific virus families. This volume of Field’s Virology: RNA Viruses, Seventh Edition covers the latest information on RNA viruses, how they cause disease, how they can cause epidemics and pandemics, new therapeutics and vaccine approaches, as provided in new or extensively revised chapters that reflect these advances in this dynamic field. Bundled with the eBook, which will be updated regularly as new information about each virus is available, this text serves as the authoritative, up-to-date reference book for virologists, infectious disease specialists, microbiologists, and physicians, as well as medical students pursuing a career in infectious diseases.
On November 30, 1916, an apparently ordinary freighter left harbor in Kiel, Germany, and would not touch land again for another fifteen months. It was the beginning of an astounding 64,000-mile voyage that was to take the ship around the world, leaving a trail of destruction and devastation in her wake. For this was no ordinary freighter—this was the Wolf, a disguised German warship. In this gripping account of an audacious and lethal World War I expedition, Richard Guilliatt and Peter Hohnen depict the Wolf ’s assignment: to terrorize distant ports of the British Empire by laying minefields and sinking freighters, thus hastening Germany’s goal of starving her enemy into submission. Yet to maintain secrecy, she could never pull into port or use her radio, and to comply with the rules of sea warfare, her captain fastidiously tried to avoid killing civilians aboard the merchant ships he attacked, taking their crews and passengers prisoner before sinking the vessels. The Wolf thus became a huge floating prison, with more than 400 captives, including a number of women and children, from twenty-five different nations. Sexual affairs were kindled between the German crew and some female prisoners. A six-year-old American girl, captured while sailing across the Pacific with her parents, was adopted as a mascot by the Germans. Forced to survive on food and fuel plundered from other ships, facing death from scurvy, and hunted by the combined navies of five Allied nations, the Germans and their prisoners came to share a common bond. The will to survive transcended enmities of race, class, and nationality. It was to be one of the most daring clandestine naval missions of modern times. Under the command of Captain Karl Nerger, who conducted his deadly business with an admirable sense of chivalry, the Wolf traversed three of the world’s major oceans and destroyed more than thirty Allied vessels. We learn of the world through which the Wolf moved, with all its social divisions and xenophobia, its bravery and stoicism, its combination of old-world social mores and rapid technological change. The story of this epic voyage is a vivid real-life narrative and simultaneously a richly detailed picture of a world being profoundly transformed by war.
“Despite clear danger and explicit warnings, the United States of America—distracted by short-term challenges and its own political dysfunction—is steaming toward its own collision, one with long-term debt.” Philanthropist, businessman, and former secretary of commerce Peter G. Peterson argues that we can no longer ignore the long-term debt challenges facing our country, because our economic future depends on it. The gross federal debt now exceeds $17 trillion and it is expected to rise rapidly in the decades to come. If the growing gap between projected spending and revenues continues to widen, our federal debt is projected to soar to the highest levels in our nation’s history—more than four times its average over the past forty years. This growing debt and the associated interest costs divert resources away from important public and private investments that are critical to our global competitiveness, threatening our future economy. Peterson has made it his life’s work to bring awareness to America’s key economic and fiscal challenges. He makes clear that if we continue to ignore America’s long-term debt, we will diminish economic opportunities for future generations, weaken our ability to protect the most vulnerable, and undermine the competitive strength of our businesses globally. The drama-filled, economically damaging budget battles of the last few years have focused almost entirely on the short term—putting aside the more difficult, but much more important, long-term issues. Peterson offers nonpartisan analysis of our economic challenges and a robust set of options for solving our long-term debt problems. He looks at the impact of aging baby boomers, growing healthcare costs, outdated military spending, a flawed tax code, and our divided political system. And he offers hopeful, durable, and achievable solutions for improving our fiscal outlook through a mix of progrowth reform options that would reduce government spending and increase revenue, and could be phased in gradually in the years to come. There’s still time to restore the United States as a land of opportunity. Peterson’s diagnosis and recommendations can help us confront our fiscal reality, address our long-term debt, and steer the country safely toward a more secure and dynamic economic future.
Irises and their relatives are lily-like plants related to the orchid and narcissus families, with whom they share a propensity for large, brightly colored, attractive flowers. Many have longlasting flowersÑIris, Gladiolus, and Freesia are among the most important cut-flower crops in the world. The intricate flowers of the iris family are finely adapted for pollination by a variety of animals, including hummingbirds, sunbirds, beetles, butterflies, moths, wasps, and bees. This intimate connection between flower form and pollination biology reveals how the marvelous range of flower colors, shapes, and scents are vital to the lives of the species. The diversity of Iridaceae is illustrated in more than 200 superb photographs supplemented by expert line drawings. A lifetime of work by the world's expert on Iridaceae is distilled in this definitive account. Botanists, ecologists, naturalists, and gardeners will find this an essential reference.
When Bush came to office in 2001, the 10-year budget balance was officially projected to be at a surplus of $5.6 trillion. But after three big tax cuts, the bursting of the stock-market bubble, and the devastating effects of 9/11on the economy, the surplus has evaporated, and the deficit is expected to grow to $ 5-trillion over the next decade. The domestic deficit is only the half of it. Given our $500 billion trade deficit and our anemic savings rate, we depend on an unprecedented $2 billion of foreign capital every working day. If foreign confidence were to wane, this could lead to the dreaded hard landing. Peter G. Peterson--a lifelong Republican, chairman of the Blackstone Group, and former secretary of commerce under Nixon--shatters the myths with hard facts and a harrowing view of the twin deficit's real impact. Republicans and Democrats alike have mortgaged America's future through reckless tax cuts, out-of-control spending and Enron-style accounting in Congress. And the situation will only get worse as the Baby Boom generation begins to retire, making unprecedented demands on entitlement programs like Social Security and Medicare. Despite what Bush says, we are on a path that could end in economic meltdown, and we simply cannot grow out of the deficit. In Running On Empty, Peterson sounds the warning bell and prescribes a set of detailed solutions which, if implemented early, will prevent the need for draconian measures later. He takes us behind the politicians' smoke-and-mirror games, and forcefully explains what we must do to rescue the future of our country.
Is the end near? I have documented in this book what happened before the earth was created and how it was developed into its current state. I continue with a chronological summary of the almost 6000 years since mankind has occupied the earth and explore the forces that have caused many of the world`s battles, including the past and current wars in the Middle East. This book also compares the historic fall of Israel to the potential downfall of the United States and discusses the real reasons we are having the climate change debate, and how this is being used as a platform for world control. I explore how the powerful World Economic Forum is organising a total world reset of many of things that we hold dear. The book provides a potential timeline of when the end times may commence and the detailed logic behind this reasoning. I also provide an in depth analysis of the end times, and the devastation that is ahead of us. Is it probable that this will occur within the next decade? I believe that this is essential reading for all who are interested in understanding what the future holds for yourself, your family, and for all of humanity.
On September 11, 1844, Henry Lehman arrived in New York City on a boat from Germany. Soon after, he moved to Montgomery, Alabama, where he and his brother Emanuel established a modest cotton brokering firm that would come to be called Lehman Brothers. On September 15, 2008, Dick Fuld, the last CEO of Lehman Brothers, filed for corporate bankruptcy amid one of the worst financial crises in American history. After 164 years, one of the largest and most respected investment banks in the world was gone, leaving everyone wondering, "How could this have happened?" Peter Chapman, an editor and writer for The Financial Times, answers this question by exploring the complete history of Lehman Brothers between those two historic Septembers. He takes us back to its early days as a cotton broker in Alabama, and then to its glory days as one of the leading corporate financiers in America. He also provides an intimate portrait of the people who ran Lehman over the decades-from Henry Lehman, the founder, to Bobbie Lehman, who led the company into the world of radio, motion pictures, and air travel in first part of the 20th century, to Dick Fuld, who allowed it to morph into a dealer of shoddy securities. Throughout his account of this imperiously rich firm, Chapman examines the impact Lehman Brothers had not only on American finance but also on American life. As a major backer of companies like Pan American Airlines, Macy's, and RKO, Lehman helped lead the country into major new industries and helped support some of its most intrepid entrepreneurs. He then shows how, starting in the 1980s, Lehman's increased focus on short-term gain investments led the firm down the dangerous path that would eventually lead to its demise. In the end, the story of Lehman Brothers is not only the story of a truly important American company but a cautionary tale of what happens when leaders lose sight of their core mission in their quest for something too good to be true. Praise for The Last of the Imperious Rich: "Thought provoking and illuminating" - The New York Times "Chapman has succeeded in holding up a mirror to America's past - and what its future might hold" - Bloomberg
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