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An American Tragedy—"The Great Recession":

Author : John H. Hulett

Publisher : AuthorHouse

Page : 131 pages

File Size : 30,19 MB

Release : 2011-03-30

Category : Poetry

ISBN : 1456753460

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Book Description

President Obama and the GOP closed out 2010 with a good deal for wealthy Americans; this truly is real money borrowed from the futures of generations to come. $858 Billion In Tax Cuts For The Wealthy $600 Billion Of U.S. Treasury Bills Recovery Aid 46.2 Million Americans Living In Poverty 9.1 Percent Unemployment In America, Higher In Some Areas 16.7 Percent Underemployment And Increasing In Major Cities 8.4 Million Jobs Lost Since The Recession Began And Rising $447 Billion "The American Jobs Act" Proposal 2011 The rich have everything they want except happiness, and the poor are sacrificed to the unhappiness of the rich. Thomas Merton For more information, visit www.eyesofmainstreet.com.



American Overdose

Author : Chris McGreal

Publisher : PublicAffairs

Page : 346 pages

File Size : 50,15 MB

Release : 2018-11-13

Category : Social Science

ISBN : 1541773772

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Book Description

A comprehensive portrait of a uniquely American epidemic -- devastating in its findings and damning in its conclusions The opioid epidemic has been described as "one of the greatest mistakes of modern medicine." But calling it a mistake is a generous rewriting of the history of greed, corruption, and indifference that pushed the US into consuming more than 80 percent of the world's opioid painkillers. Journeying through lives and communities wrecked by the epidemic, Chris McGreal reveals not only how Big Pharma hooked Americans on powerfully addictive drugs, but the corrupting of medicine and public institutions that let the opioid makers get away with it. The starting point for McGreal's deeply reported investigation is the miners promised that opioid painkillers would restore their wrecked bodies, but who became targets of "drug dealers in white coats." A few heroic physicians warned of impending disaster. But American Overdose exposes the powerful forces they were up against, including the pharmaceutical industry's coopting of the Food and Drug Administration and Congress in the drive to push painkillers -- resulting in the resurgence of heroin cartels in the American heartland. McGreal tells the story, in terms both broad and intimate, of people hit by a catastrophe they never saw coming. Years in the making, its ruinous consequences will stretch years into the future.



The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope

Author : John A. Allison

Publisher : McGraw Hill Professional

Page : 289 pages

File Size : 49,43 MB

Release : 2012-09-21

Category : Business & Economics

ISBN : 0071806784

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Book Description

The #1 Wall Street Journal Bestseller “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.



Hidden in Plain Sight

Author : Peter J. Wallison

Publisher : Encounter Books

Page : 331 pages

File Size : 49,69 MB

Release : 2016-03-29

Category : Business & Economics

ISBN : 159403866X

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Book Description

The 2008 financial crisis—like the Great Depression—was a world-historical event. What caused it will be debated for years, if not generations. The conventional narrative is that the financial crisis was caused by Wall Street greed and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive financial-system regulation since the New Deal. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will cause another crisis. A competing narrative about what caused the financial crisis has received little attention. This view, which is accepted by almost all Republicans in Congress and most conservatives, contends that the crisis was caused by government housing policies. This book extensively documents this view. For example, it shows that in June 2008, before the crisis, 58 percent of all US mortgages were subprime or other low-quality mortgages. Of these, 76 percent were on the books of government agencies such as Fannie Mae and Freddie Mac. When these mortgages defaulted in 2007 and 2008, they drove down housing prices and weakened banks and other mortgage holders, causing the crisis. After this book is published, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend Dodd-Frank, without coming to terms with the data this book contains.



Never Let a Serious Crisis Go to Waste

Author : Philip Mirowski

Publisher : Verso Books

Page : 497 pages

File Size : 22,87 MB

Release : 2014-04-15

Category : Political Science

ISBN : 1781683026

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Book Description

At the onset of the Great Recession, as house prices sank and joblessness soared, many commentators concluded that the economic convictions behind the disaster would now be consigned to history. Yet in the harsh light of a new day, attacks against government intervention and the global drive for austerity are as strong as ever. Never Let a Serious Crisis Go to Waste is the definitive account of the wreckage of what passes for economic thought, and how neoliberal ideas were used to solve the very crisis they had created. Now updated with a new afterword, Philip Mirowski’s sharp and witty work provides a roadmap for those looking to escape today’s misguided economic dogma.



Age Discrimination: an Epidemic in America Affecting People of All Ages

Author : JOHN K. HULETT

Publisher : AuthorHouse

Page : 153 pages

File Size : 19,10 MB

Release : 2011-10-10

Category : Political Science

ISBN : 1467054526

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Book Description

Provocative New Book Examines Economys Effects on Older Workers John K. Hulett Highlights Age Discrimination and Challenges Finding a Job in Middle Age MINNEAPOLIS American jobs are vanishing at a rapid rate in todays dismal economy. Job bias claims have been hitting record highs while jobless markets continue to flood the nation, forcing millions into unemployment and underemployment. John K. Hulett seeks to draw attention to age discrimination in the workplace and how the current shortage of jobs is affecting older job-seekers in his comprehensive new book, AGE DISCRIMINATION: AN EPIDEMIC IN AMERICA AFFECTING PEOPLE OF ALL AGES (published by AuthorHouse). Experience and wisdom are two qualities that come with age and they cannot be purchased or degreed, gifted nor substituted for youth, greed, and ignorance, Hulett writes. AGE DISCRIMINATION: AN EPIDEMIC IN AMERICA chronicles five failed investigations prompted by Huletts lawsuit claiming age discrimination. Hulett details how the government participated in these investigations and how large corporations are protected from employee claims because of their close relationships with many government agencies. He also thoroughly examines the correlation between todays deep recession and age discrimination. For more information, visit www.agediscriminationamerica.com. also www.eyesofmainstreet.com.



The Financial Crisis Inquiry Report

Author : Financial Crisis Inquiry Commission

Publisher : Cosimo, Inc.

Page : 692 pages

File Size : 24,90 MB

Release : 2011-05-01

Category : Political Science

ISBN : 1616405414

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Book Description

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.



The Great Depression: A Diary

Author : Benjamin Roth

Publisher : PublicAffairs

Page : 289 pages

File Size : 12,96 MB

Release : 2009-07-22

Category : History

ISBN : 1586488376

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Book Description

When the stock market crashed in 1929, Benjamin Roth was a young lawyer in Youngstown, Ohio. After he began to grasp the magnitude of what had happened to American economic life, he decided to set down his impressions in his diary. This collection of those entries reveals another side of the Great Depression—one lived through by ordinary, middle-class Americans, who on a daily basis grappled with a swiftly changing economy coupled with anxiety about the unknown future. Roth's depiction of life in time of widespread foreclosures, a schizophrenic stock market, political unrest and mass unemployment seem to speak directly to readers today.





Crashed

Author : Adam Tooze

Publisher : Penguin

Page : 460 pages

File Size : 29,78 MB

Release : 2018-08-07

Category : Business & Economics

ISBN : 0525558802

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Book Description

WINNER OF THE LIONEL GELBER PRIZE A NEW YORK TIMES NOTABLE BOOK OF 2018 ONE OF THE ECONOMIST'S BOOKS OF THE YEAR A NEW YORK TIMES CRITICS' TOP BOOK "An intelligent explanation of the mechanisms that produced the crisis and the response to it...One of the great strengths of Tooze's book is to demonstrate the deeply intertwined nature of the European and American financial systems."--The New York Times Book Review From the prizewinning economic historian and author of Shutdown and The Deluge, an eye-opening reinterpretation of the 2008 economic crisis (and its ten-year aftermath) as a global event that directly led to the shockwaves being felt around the world today. We live in a world where dramatic shifts in the domestic and global economy command the headlines, from rollbacks in US banking regulations to tariffs that may ignite international trade wars. But current events have deep roots, and the key to navigating today’s roiling policies lies in the events that started it all—the 2008 economic crisis and its aftermath. Despite initial attempts to downplay the crisis as a local incident, what happened on Wall Street beginning in 2008 was, in fact, a dramatic caesura of global significance that spiraled around the world, from the financial markets of the UK and Europe to the factories and dockyards of Asia, the Middle East, and Latin America, forcing a rearrangement of global governance. With a historian’s eye for detail, connection, and consequence, Adam Tooze brings the story right up to today’s negotiations, actions, and threats—a much-needed perspective on a global catastrophe and its long-term consequences.



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