Watch a Video Watch a video Download the cheat sheet for Roger Lowenstein's The End of Wall Street » The roots of the mortgage bubble and the story of the Wall Street collapse-and the government's unprecedented response-from our most trusted business journalist. The End of Wall Street is a blow-by-blow account of America's biggest financial collapse since the Great Depression. Drawing on 180 interviews, including sit-downs with top government officials and Wall Street CEOs, Lowenstein tells, with grace, wit, and razor-sharp understanding, the full story of the end of Wall Street as we knew it. Displaying the qualities that made When Genius Failed a timeless classic of Wall Street-his sixth sense for narrative drama and his unmatched ability to tell complicated financial stories in ways that resonate with the ordinary reader-Roger Lowenstein weaves a financial, economic, and sociological thriller that indicts America for succumbing to the siren song of easy debt and speculative mortgages. The End of Wall Street is rife with historical lessons and bursting with fast-paced action. Lowenstein introduces his story with precisely etched, laserlike profiles of Angelo Mozilo, the Johnny Appleseed of subprime mortgages who spreads toxic loans across the landscape like wild crabapples, and moves to a damning explication of how rating agencies helped gift wrap faulty loans in the guise of triple-A paper and a takedown of the academic formulas that-once again- proved the ruin of investors and banks. Lowenstein excels with a series of searing profiles of banking CEOs, such as the ferretlike Dick Fuld of Lehman and the bloodless Jamie Dimon of JP Morgan, and of government officials from the restless, deal-obsessed Hank Paulson and the overmatched Tim Geithner to the cerebral academic Ben Bernanke, who sought to avoid a repeat of the one crisis he spent a lifetime trying to understand-the Great Depression. Finally, we come to understand the majesty of Lowenstein's theme of liquidity and capital, which explains the origins of the crisis and that positions the collapse of 2008 as the greatest ever of Wall Street's unlearned lessons. The End of Wall Street will be essential reading as we work to identify the lessons of the market failure and start to reb...
Lighting is an integral component of interior design and architecture. The keys to creating exceptional luminous environments is revealed in Lighting Spaces. Thirty of the world's top lighting designers and consultants showcase their finest accomplishments in this volume. The selected examples illustrate how high quality, thoughtful design can be the visual cornerstone of a successful project.
The complexity of software is continuously growing as a result of today’s interconnected business processes. Governance of architecture and technology strategy helps to ensure coherence of software and avoid excessive complexity. At the same time software development needs room for creativity and empowerment to provide solutions to business problems of increasing complexity. The book looks at this software dilemma from the perspectives of CIOs/CTOs, software architects, and auditors. Each of these groups has different interests which need to be considered, reconciled, and balanced. CIOs/CTOs are provided with the boundary conditions they have to establish assuring the achievement of strategic objectives. Architects and auditors find proven concepts for effectively assessing software projects and architectures, as well as for effectively communicating identified issues to responsible persons. The book is based on the author’s long experience in software engineering, governance, and auditing.
“A riveting account that reaches beyond the market landscape to say something universal about risk and triumph, about hubris and failure.”—The New York Times NAMED ONE OF THE BEST BOOKS OF THE YEAR BY BUSINESSWEEK In this business classic—now with a new Afterword in which the author draws parallels to the recent financial crisis—Roger Lowenstein captures the gripping roller-coaster ride of Long-Term Capital Management. Drawing on confidential internal memos and interviews with dozens of key players, Lowenstein explains not just how the fund made and lost its money but also how the personalities of Long-Term’s partners, the arrogance of their mathematical certainties, and the culture of Wall Street itself contributed to both their rise and their fall. When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term’s fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later. In his new Afterword, Lowenstein shows that LTCM’s implosion should be seen not as a one-off drama but as a template for market meltdowns in an age of instability—and as a wake-up call that Wall Street and government alike tragically ignored. Praise for When Genius Failed “[Roger] Lowenstein has written a squalid and fascinating tale of world-class greed and, above all, hubris.”—BusinessWeek “Compelling . . . The fund was long cloaked in secrecy, making the story of its rise . . . and its ultimate destruction that much more fascinating.”—The Washington Post “Story-telling journalism at its best.”—The Economist
Presents an account of the total financial breakdown of the entire country of Iceland in the wake of the 2008 global economic crisis, citing the actions of key contributors while offering additional insight into the interconnected nature of the global crisis.
Franklin D. Roosevelt, consensus choice as one of three great presidents, led the American people through the two major crises of modern times. The first volume of an epic two-part biography, Franklin D. Roosevelt: Road to the New Deal, 1882-1939 presents FDR from a privileged Hyde Park childhood through his leadership in the Great Depression to the ominous buildup to global war. Roger Daniels revisits the sources and closely examines Roosevelt's own words and deeds to create a twenty-first century analysis of how Roosevelt forged the modern presidency. Daniels's close analysis yields new insights into the expansion of Roosevelt's economic views; FDR's steady mastery of the complexities of federal administrative practices and possibilities; the ways the press and presidential handlers treated questions surrounding his health; and his genius for channeling the lessons learned from an unprecedented collection of scholars and experts into bold political action. Revelatory and nuanced, Franklin D. Roosevelt: Road to the New Deal, 1882-1939 reappraises the rise of a political titan and his impact on the country he remade.
Social work has an impact on large numbers of citizens through its services for children and families, elderly people, those with mental or physical health problems and offenders. It also provokes much criticism; its effectiveness is questioned and there are increasing demands for this to be demonstrated. This text discusses how this task may be tackled and explores possibilities for evaluative research in contexts which are often not considered feasible for such enquiry. Paying particular attention to the diverse and complex functions of social work, the book reviews the implications for choosing and adapting research methodologies, emphasizes the importance of identifying the process of social work as well as its outcomes and distinguishes between the identification of effectiveness and its evaluation. It also describes the various means of dissemination which are necessary if research is to influence policy and practice. The book, which gives many examples of research in action, draws on evaluative research in Britain and the US and also on the experience of the Social Work Research Centre. It has been written for researchers, managers, practitioners and students with responsibilities to undertake or to understand the systematic evaluation of social work.
Arguably the most useful for general readers. Clearly written, reasonably lean and on the whole, balanced in its assessments, it is an excellent primer." --Los Angeles Times The federal government's efforts to pick and choose among the multitude of immigrants seeking to enter the United States began with the Chinese Exclusion Act of 1882. Conceived in ignorance and falsely presented to the public, it had undreamt of consequences, and this pattern has been rarely deviated from since. As renowned historian Roger Daniels shows in this brilliant new work, America's inconsistent, often illogical, and always cumbersome immigration policy has profoundly affected our recent past. Immigration policy in Daniels' skilled hands shows Americans at their best and worst, from the nativist violence that forced Theodore Roosevelt's 1907 "gentlemen's agreement" with Japan to the generous refugee policies adopted after World War Two and throughout the Cold War. And in a conclusion drawn from today's headlines, Daniels makes clear how far ignorance, partisan politics, and unintended consequences have overtaken immigration policy during the current administration's War on Terror. Irreverent, deeply informed, and authoritative, Guarding the Golden Door presents an unforgettable interpretation of modern American history.
This book describes the processes through which rates for energy consumption are derived, ranging from initial analyses of the supply and demand parameters to the final forms and levels of end-use consumer prices. The author argues against aggressive accounting procedures, and suggests criteria for choosing firm's position on pending public policy issues. A handbook on energy formulae for non-professionals is included in the book. The author is adjunct professor at the University of Portland.
Despite its reputation as the most impressive naval force in the world, the U.S. Navy is in trouble, according to the author of this book, and systemic weaknesses could be its undoing. Here, military sociologist Roger Thompson provides a compelling, often scathing, assessment of the U.S. Navy and its learning disabilities and then presents a convincing argument for reform. Thompson points to the U.S. Navy's "up or out" promotion system, massive personnel turnover, inexperienced crews, and drug and alcohol abuse as problems that make it difficult for the Navy to build cohesive, well-trained fighting units. In a review of the Navy's recent history, he finds that its ships, submarines, and aircraft are often outperformed in competitions and exercises with other navies—and its failures are either denied altogether or perfunctorily excused. Diesel submarines—so quiet that they are rarely detected until it's too late to prevent an attack—routinely surpass expensive U.S. nuclear subs and put U.S. aircraft carriers in danger. American naval pilots, whose weapons are often improperly tested, are frequently bested by military pilots from other countries. Because the U.S. Navy doesn't have enough surface ships to protect its capital ships, American carrier strike groups now use Canadian ships as escorts. Shortcomings like these, Thompson argues, undermine the Navy's potential and should be cause for national concern. In presenting a side of the U.S. Navy that's rarely discussed, this book spells out lessons the Navy must learn if it is going to succeed in an era of asymmetrical warfare—of David-versus-Goliath conflicts. In his conclusion, the author puts forth a twelve-step program that calls on the U.S. Navy to rethink its naval strategy, to lose some weight, and to focus on the fundamentals.
The author of The Boys of Summer explores the golden age of baseball, an unforgettable time when the game thrived as America’s unrivaled national sport. The Era begins in 1947, with Jackie Robinson changing major league baseball forever by taking the field for the Dodgers. Dazzling, momentous events characterize the decade that followed—Robinson’s amazing accomplishments; the explosion on the national scene of such soon-to-be legends as Mickey Mantle, Willie Mays, Bobby Thomson, Duke Snider, and Yogi Berra; Casey Stengel’s crafty managing; the emergence of televised games; and the stunning success of the Yankees as they play in nine out of eleven World Series. The Era concludes with the relocation of the Dodgers from Brooklyn to Los Angeles, a move that shook the sport to its very roots. “Kahn knows where the bodies are buried and allows his audience a joyous read as he digs them up.”—Publishers Weekly “[Kahn] engagingly captures the flavor of the times by bringing to the fore the defining traits and relationships that added human dimension to the sport.”—Library Journal “Kahn weaves such personal information into his rich descriptions of thrilling regular-season, playoff and World Series games. And in doing so he endows the players, managers and owners with more dynamic dimensions than any baseball writer of his generation. The men in The Era are ballplayers, not deities; and it takes the unerring strength of a straight shooter like Kahn to remind nostalgic baseball fans of that simple fact.”—Chicago Tribune
This book aims to create a strong understanding of the empirical basis for the equity risk premium. Through the research and anaylsis of two scholars who are experts in this field, this volume presents the key issues that are paramount to investors, including whether or not to use historical data as a method of equity investing, and can the equity premium reflect changes in fundamental values and cash flows of the market.
If you want to understand the regulations and practices of financial accounting and reporting, this is the book for you! The authors of this book have developed a unique set of material on corporate financial reporting based on their collective years of teaching experience. In this book, they explain, in non-technical language, the financial information that companies are required to provide.What are companies? Why are they formed? Companies are not charities but are formed to provide a good income to their shareholders by selling us goods and services. Large companies in the UK are mostly known as Public Limited Companies (PLCs). There are about 2,000 PLCs in the London Stock Exchange. But do we understand these companies' objectives and activities? We can do so by examining the financial information they provide publicly in their annual financial reports.To be able to examine the financial statements issued by companies, you need to understand the regulations issued by the International Accounting Standards Board (IASB). This book explains the requirements of Financial Reporting Standards. Guidance on the disclosure requirements and examples from companies' financial reports are also provided and explained. Many of these company names are synonymous with our everyday lives. Think about Cadbury Chocolate, Unilever, Diageo, Shell, Boots. It is difficult to conceive our lives without their products and services. The explanation and guidance provided in this book will allow you to understand fully the operations of such companies. This is vital knowledge if you intend to do business with the companies, buy their products and services or find employment with them.
One of the first Thunderbolt groups to see action in the European Theatre of Operations (ETO) with the US Army Air Forces, the 56th Fighter Group (FG) was also the only fighter unit within the Eighth Air Force to remain equipped with the mighty P-47 until war's end. Led by the inspirational 'Hub' Zemke, this group was responsible for devising many of the bomber escort tactics employed by VIII Fighter Command between 1943 and 1945. By VE-Day the 56th FG had shot down 100 more enemy aircraft than any other group in the Eighth Air Force, its pilots being credited with 677 kills during 447 missions. The exploits of this elite fighter unit are detailed in this volume together with photographs, their aircraft profiles and insignia.
Roger Ebert’s “criticism shows a nearly unequaled grasp of film history and technique, and formidable intellectual range. . . .” —New York Times Pulitzer Prize–winning film critic Roger Ebert presents more than 600 full-length critical movie reviews, along with interviews, tributes, and journal entries inside Roger Ebert’s Movie Yearbook 2013. It includes every movie review Ebert has written from January 2010 to July 2012. Also included in the Yearbook: In-depth interviews with newsmakers and celebrities Tributes to those in the film industry who have passed away recently Essays on the Oscars, reports from the Toronto Film Festival, and entries into Ebert's Little Movie Glossary
A collection of reviews from the past 30 months by the influential Pulitzer Prize-winning critic includes such entries as an interview with Justin Timberlake, a tribute to Blake Edward and an essay on the Oscars. Original.
Given the global nature of business today and the increasing diversity within the workforce of so many industries and organisations, a cross-cultural component in management education and training has become essential. This is the case for every type of business education, whether it be for aspiring graduates at the start of their careers or senior managers wishing to increase their effectiveness or employability in the international market. The 4th edition of Understanding Cross-Cultural Management has been adapted in line with the feedback from our many readers, and boasts new case study material based on recent research, as well as a stronger focus on Asian cultures, thereby providing more non-Western examples.
Have you ever wondered about the explicit formulas in analytic number theory? This short book provides a streamlined and rigorous approach to the explicit formulas of Riemann and von Mangoldt. The race between the prime counting function and the logarithmic integral forms a motivating thread through the narrative, which emphasizes the interplay between the oscillatory terms in the Riemann formula and the Skewes number, the least number for which the prime number theorem undercounts the number of primes. Throughout the book, there are scholarly references to the pioneering work of Euler. The book includes a proof of the prime number theorem and outlines a proof of Littlewood's oscillation theorem before finishing with the current best numerical upper bounds on the Skewes number. This book is a unique text that provides all the mathematical background for understanding the Skewes number. Many exercises are included, with hints for solutions. This book is suitable for anyone with a first course in complex analysis. Its engaging style and invigorating point of view will make refreshing reading for advanced undergraduates through research mathematicians.
This book is very tough." - President Donald Trump The Bush Crime Family smashes through the layers of lies and secrecy that have surrounded and protected our country’s most successful political dynasty for nearly two centuries. New York Times bestselling author Roger Stone lashes out with a blistering indictment, exposing the true history and monumental hypocrisy of the Bushes. In Stone’s usual “go for the jugular” style, this is a no-holds-barred history of the Bush family, comprised of smug, entitled autocrats who both use and hide behind their famous name. They got a long-overdue taste of defeat and public humiliation when Jeb’s 2016 presidential bid went down in flames. Besides detailing the vast litany of Jeb’s misdeeds — including receiving a $4 million taxpayer bailout when his father was vice president as well as his startlingly-close alignment with supposed “enemy” Hillary Clinton — Stone travels back to Bush patriarchs Samuel and Prescott, right on through to presidents George H. W. and George W. Bush to weave an epic story of privilege, greed, corruption, drug profiteering, assassination, and lies. A new preface to this paperback edition features explosive information, including the family’s Machiavellian plan to propel Jeb’s son George Prescott Bush forward as the family’s next political contender. The Bush Crime Family will have readers asking, “Why aren’t these people in prison?”
The Valuation Handbook – U.S. Guide to Cost of Capital, 2007 Essentials Edition includes two sets of valuation data: Data previously published in the 2007 Duff & Phelps Risk Premium Report Data previously published in the Morningstar/Ibbotson 2007 Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook The Valuation Handbook – 2007 U.S. Essentials Edition includes data through December 31, 2006, and is intended to be used for 2007 valuation dates. The Valuation Handbook – U.S. Guide to Cost of Capital, Essentials Editions are designed to function as historical archives of the two sets of valuation data previously published annually in: The Morningstar/Ibbotson Stocks, Bonds, Bills, and Inflation (SBBI) Valuation Yearbook from 1999 through 2013 The Duff & Phelps Risk Premium Report from 1999 through 2013 The Duff & Phelps Valuation Handbook – U.S. Guide to Cost of Capital from 2014 The Valuation Handbook – U.S. Essentials Editions are ideal for valuation analysts needing "historical" valuation data for use in: The preparation of carve-out historical financial statements, in cases where historical goodwill impairment testing is necessary Valuing legal entities as of vintage date for tax litigation related to a prior corporate restructuring Tax litigation related to historical transfer pricing policies, etc. The Valuation Handbook – U.S. Essentials Editions are also designed to serve the needs of: Corporate finance officers for pricing or evaluating mergers and acquisitions, raising private or public equity, property taxation, and stakeholder disputes Corporate officers for the evaluation of investments for capital budgeting decisions Investment bankers for pricing public offerings, mergers and acquisitions, and private equity financing CPAs who deal with either valuation for financial reporting or client valuations issues Judges and attorneys who deal with valuation issues in mergers and acquisitions, shareholder and partner disputes, damage cases, solvency cases, bankruptcy reorganizations, property taxes, rate setting, transfer pricing, and financial reporting For more information about Duff & Phelps valuation data resources published by Wiley, please visit www.wiley.com/go/valuationhandbooks.
For more than 20 years, this has been the best selling guide to software engineering for students and industry professionals alike. This edition has been completely updated and contains hundreds of new references to software tools.
Contemporary Environmental Accounting: Issues, Concepts and Practice has been written by two of the world's leading experts in the field in order to provide the most comprehensive and state-of-the-art textbook on environmental accounting yet attempted. The book is suitable for both undergraduate and graduate students and their teachers, professional accountants, and corporate and organisational managers. Although no prior knowledge of environmental accounting is necessary to understand the critical issues at stake, academic accountants will also find that the book provides a useful introduction to the topic. The goals of the book are to discuss and illustrate contemporary conceptual approaches to environmental accounting; to make readers aware of crucial controversial topics; and to offer practical examples of how the concepts have been applied throughout Europe, North America and Australia. In order to increase the usefulness of the book for relevant courses, each chapter concludes with a set of questions for review. This book is essential reading for all those who are interested in how environmental issues influence accounting.A solutions manual is available on request with the purchase of this book.
Covering thirty-five of the most difficult groups of birds, from winter loons to confusing fall warblers, jaegers to chickadees, accipiters to flycatchers, this clearly written and beautifully illustrated field guide tells exactly how to solve the most challenging bird identification problems of North America.
In the aftermath of the 2008 financial crisis, economists around the world have advanced theories to explain the persistence of high unemployment and low growth rates. According to Roger E. A. Farmer, these theories can be divided into two leading schools of thought: the ideas of pre-Keynesian scholars who blame the recession on bad economic policy, and the suggestions of "New Keynesian" scholars who propose standard modifications to select assumptions of Keynes' General Theory. But Farmer eschews both these schools of thought, arguing instead that in order to mitigate current financial crises-and prevent future ones-macroeconomic theory must become attuned to present-day conditions. Governments need to intervene in asset markets in a manner similar to the recent behavior of central banks, and principal actors in the international economy need to pursue financial stability. The primary mechanism for securing such stability would be for sovereign nations to create sovereign wealth funds backed by the present value of future tax revenues. These funds would function along the lines in which exchange-traded funds currently operate, and in time, they would become the backbone for stabilizing financial markets. Written in clear, accessible language by a prominent macroeconomic theorist, Prosperity for All proposes a paradigm shift and policy changes that could successfully raise employment rates, keep inflation at bay, and stimulate growth.
The author participated in 38 sea going expeditions including the first manned-submersible project to explore the Mid-Atlantic Ridge. This book provides a comprehensive overview of the past 45 years of sea floor exploration. It summarizes the mineralogical and petrological composition of sea floor rocks, ocean floor volcanism in relation to the geological setting and the discovery of hydrothermal activity. In addition to learning about various scientific missions and their objectives, the reader is introduced to rift zones where the sea floor is being created, as well as to fracture zones, intraplate volcanoes, and the structural setting of subduction zones
This book provides a comprehensive and up-to-date introduction to criminological theory for students taking courses in criminology at both undergraduate and postgraduate level. Building on previous editions, which broadened the debate on criminological theory, this book presents the latest research and theoretical developments. The text is divided into five parts, the first three of which address ideal type models of criminal behaviour: the rational actor, predestined actor and victimized actor models. Within these, the various criminological theories are located chronologically in the context of one of these different traditions, and the strengths and weaknesses of each theory and model are clearly identified. The fourth part of the book looks closely at more recent attempts to integrate theoretical elements from both within and across models of criminal behaviour, while the fifth part addresses a number of key recent concerns of criminology: postmodernism, cultural criminology, globalization and communitarianism. All major theoretical perspectives are considered, including: classical criminology, biological and psychological positivism, labelling theories, feminist criminology, critical criminology and left realism, social control theories, the risk society. The new edition also features comprehensive coverage of recent developments in criminology, including situation action theory, desistance theory, peacemaking criminology, Loïc Wacquant’s thesis of the penal society, critical race theory and Southern theory. This revised and expanded fourth edition of An Introduction to Criminological Theory includes chapter summaries, critical thinking questions, a full glossary of terms and theories and a timeline of criminological theory, making it essential reading for those studying criminology.
This title is part of UC Press's Voices Revived program, which commemorates University of California Press’s mission to seek out and cultivate the brightest minds and give them voice, reach, and impact. Drawing on a backlist dating to 1893, Voices Revived makes high-quality, peer-reviewed scholarship accessible once again using print-on-demand technology. This title was originally published in 1989.
America’s most trusted and best-known film critic Roger Ebert presents one hundred brilliant essays on some of the best movies ever made. Roger Ebert, the famed film writer and critic, wrote biweekly essays for a feature called "The Great Movies," in which he offered a fresh and fervent appreciation of a great film. The Great Movies collects one hundred of these essays, each one of them a gem of critical appreciation and an amalgam of love, analysis, and history that will send readers back to that film with a fresh set of eyes and renewed enthusiasm–or perhaps to an avid first-time viewing. Ebert’s selections range widely across genres, periods, and nationalities, and from the highest achievements in film art to justly beloved and wildly successful popular entertainments. Roger Ebert manages in these essays to combine a truly populist appreciation for our most important form of popular art with a scholar’s erudition and depth of knowledge and a sure aesthetic sense. Wonderfully enhanced by stills selected by Mary Corliss, the film curator at the Museum of Modern Art, The Great Movies is a treasure trove for film lovers of all persuasions, an unrivaled guide for viewers, and a book to return to again and again. The Great Movies includes: All About Eve • Bonnie and Clyde • Casablanca • Citizen Kane • The Godfather • Jaws • La Dolce Vita • Metropolis • On the Waterfront • Psycho • The Seventh Seal • Sweet Smell of Success • Taxi Driver • The Third Man • The Wizard of Oz • and eighty-five more films.
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