NEW YORK TIMES BESTSELLER The New Yorker Best Books of 2022 • Financial Times Best Books of 2022 • The Economist Best Books of 2022 The dramatic rise—and unimaginable fall—of America's most iconic corporation by New York Times bestselling author and pre-eminent financial journalist William D. Cohan No company embodied American ingenuity, innovation, and industrial power more spectacularly and more consistently than the General Electric Company. GE once developed and manufactured many of the inventions we take for granted today, nearly everything from the lightbulb to the jet engine. GE also built a cult of financial and leadership success envied across the globe and became the world’s most valuable and most admired company. But even at the height of its prestige and influence, cracks were forming in its formidable foundation. In a masterful re-appraisal of a company that once claimed to “bring good things to life,” pre-eminent financial journalist William D. Cohan argues that the incredible story of GE’s rise and fall is not only a paragon, but also a prism through which we can better understand American capitalism. Beginning with its founding, innovations, and exponential growth through acquisitions and mergers, Cohan plumbs the depths of GE's storied management culture, its pioneering doctrine of shareholder value, and its seemingly hidden blind spots, to reveal that GE wasn't immune from the hubris and avoidable mistakes suffered by many other corporations. In Power Failure, Cohan punctures the myth of GE, exploring in a rich narrative how a once-great company wound up broken and in tatters—a cautionary tale for the ages.
In part a sequel to his earlier Death and Fantasy, William Gray’s Fantasy, Art and Life: Essays on George MacDonald, Robert Louis Stevenson and Other Fantasy Writers examines the ways in which “Life” in its various senses is affirmed, explored and enhanced through the work of the creative imagination, especially in fantasy literature. The discussion includes a range of fantasy writers, but focuses chiefly on two writers of the Victorian period, George MacDonald and Robert Louis Stevenson, whose Scottish (and particularly Calvinist) backgrounds deeply affected their engagement with what MacDonald called “The Fantastic Imagination.”
Discover the truth about the crash that never should have happened. In 1974, Pan American Flight 806 was hoping to land safely in Pago Pago, Samoa, but instead plummeted at 140 miles per hour into the jungle floor. The 101 passengers and crew members all survived this devastating crash. Unfortunately, only four of them escaped the wreckage before the ensuing fire that followed. After the disaster, Pan American was found guilty of “willful misconduct” after the longest and most expensive trial in aviation history. William Norris sets out to discover the truth about the controversies surrounding the accident. What caused the crash, and what prevented the 97 passengers from escaping the aircraft with their lives? Among these questions, Norris discovers more answers to other mysteries about this devastating event and its trial along the way. A gripping tale of courtroom drama, fascinating characters, and human tragedy.
Britain alone could not hope to defeat the might of Napoleonic France which, through enforced conscription, had become a nation in arms. But British leaders had a long history of forging alliances to counter their rivals and when revolution ravaged France in 1793 and a levée en masse raised a huge patriotic army, it was through a coalition of monarchies that French ambitions were restrained – a coalition made possible by British gold and British industry. When Napoleon seized the reins of power in France, he too introduced conscription and, once again, it was a succession of British led and funded coalitions which eventually brought Napoleon to his knees. During the years 1793 to 1815, the British Government formed and underwrote seven coalitions that cost Britain £1,657,854,518 as the national debt tripled from £290,000,000 to £860,000,00. Of that, British subsidies to around thirty allies amounted to £65,830,228, along with staggering amounts of war supplies mass produced by British factories and shipped to allies. Britain’s leading role in Europe did not end with Waterloo. Immediately following the Sixth Coalition, and amidst the Seventh Coalition, Britain constructed, with the other great powers, a security system of cooperation and consultation called the ‘Concert of Europe’ that prevented a serious war among them for two generations. Britain’s power to underwrite those coalitions came from a related series of revolutions – agrarian, mercantile, financial, technological, manufacturing, cultural, and political that developed over the proceeding century. For many reasons that happened in Britain and not elsewhere. Of them, cultural values may be most crucial. Constraints were fewer and incentives greater for enterprising Britons to invest, invent, buy, and sell in ways that enriched themselves and their nation more than elsewhere. During the eighteenth century, Britain’s leaders mastered a virtuous power cycle of victorious wars, expanding production, captured territories and markets, and more income. During a speech before Congress in December 1940, President Franklin D. Roosevelt called on Americans to be an ‘arsenal of democracy’ to aid Britain and other countries threatened by the imperialistic fascist powers. Britain played exactly the same role during the Napoleonic era. The Coalitions Against Napoleon explores how Britain developed and asserted the financial, manufacturing, and military power to achieve that goal.
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