Follies of Power


Book Description

The book discusses the dangers of the "unipolar view" of world politics, one in which the United States is overwhelmingly predominant and should act accordingly. The book notes the damage caused by this view in action - as in the Middle East and Europe. It assesses the real strengths and weaknesses of American power - "soft," military, economic, and moral. It contrasts the federal systems of "Old America" and "New Europe" as models for governing today's increasingly plural system. It notes how friendly balancing from Europe is critical for maintaining America's own constitutional equilibrium.




Convention Center Follies


Book Description

American cities have experienced a remarkable surge in convention center development over the last two decades, with exhibit hall space growing from 40 million square feet in 1990 to 70 million in 2011—an increase of almost 75 percent. Proponents of these projects promised new jobs, new private development, and new tax revenues. Yet even as cities from Boston and Orlando to Phoenix and Seattle have invested in more convention center space, the return on that investment has proven limited and elusive. Why, then, do cities keep building them? Written by one of the nation's foremost urban development experts, Convention Center Follies exposes the forces behind convention center development and the revolution in local government finance that has privileged convention centers over alternative public investments. Through wide-ranging examples from cities across the country as well as in-depth case studies of Chicago, Atlanta, and St. Louis, Heywood T. Sanders examines the genesis of center projects, the dealmaking, and the circular logic of convention center development. Using a robust set of archival resources—including internal minutes of business consultants and the personal papers of big city mayors—Sanders offers a systematic analysis of the consultant forecasts and promises that have sustained center development and the ways those forecasts have been manipulated and proven false. This record reveals that business leaders sought not community-wide economic benefit or growth but, rather, to reshape land values and development opportunities in the downtown core. A probing look at a so-called economic panacea, Convention Center Follies dissects the inner workings of America's convention center boom and provides valuable lessons in urban government, local business growth, and civic redevelopment.




Fortune and Folly


Book Description

Today institutional investors dominate the stock market. They hold assets valued at about 6.5 trillion - almost one fifth of the country's financial assets. Furthermore, institutional investors now own well over half of the stock in the country's 100 largest corporations, including such flagship companies as IBM, GE, Johnson & Johnson, and Mobil. Because of the tremendous influence institutional investors have on American corporations, business and government policymakers must make assumptions about how and why they make decisions - their priorities, motives, and concerns. In addition, anyone who markets to institutional investors needs to know what makes them tick. Sprinkled with candid and often colorful quotations from a variety of investment insiders, Fortune and Folly gives you a unique look at what really happens on Wall Street; facts that challenge the assumptions routinely made about the economic motivations of business behavior; new insights on pension safety and possible political influences; and economic analyses by Carolyn K. Brancato, the country's foremost expert on the economics of institutional investing.




Energy Follies


Book Description

Conversations about energy law and policy are paramount, undergoing new scrutiny and characterizations. Energy Follies: Missteps, Fiascos, and Successes of America's Energy Policy explores how a century of energy policies, rather than solving our energy problems, often made them worse; how Congress and other federal agencies grappled with remedying seemingly myopic past decisions. Sam Kalen and Robert R. Nordhaus investigate how misguided or naïve energy policy decisions caused or contributed to past energy crises, and how it took years to unwind their effects. This work recounts the decades-long struggles to move to market supply and pricing policies for oil and natural gas in order to make competition work in the electric power industry and to tame emissions from the coal fleet left to us by the 1970s coal policies. These historic policies continue to present struggles, and this book reflects on how future challenges ought to learn from our past mistakes.




Water Follies


Book Description

The Santa Cruz River that once flowed through Tucson, Arizona is today a sad mirage of a river. Except for brief periods following heavy rainfall, it is bone dry. The cottonwood and willow trees that once lined its banks have died, and the profusion of birds and wildlife recorded by early settlers are nowhere to be seen. The river is dead. What happened? Where did the water go. As Robert Glennon explains in Water Follies, what killed the Santa Cruz River -- and could devastate other surface waters across the United States -- was groundwater pumping. From 1940 to 2000, the volume of water drawn annually from underground aquifers in Tucson jumped more than six-fold, from 50,000 to 330,000 acre-feet per year. And Tucson is hardly an exception -- similar increases in groundwater pumping have occurred across the country and around the world. In a striking collection of stories that bring to life the human and natural consequences of our growing national thirst, Robert Glennon provides an occasionally wry and always fascinating account of groundwater pumping and the environmental problems it causes. Robert Glennon sketches the culture of water use in the United States, explaining how and why we are growing increasingly reliant on groundwater. He uses the examples of the Santa Cruz and San Pedro rivers in Arizona to illustrate the science of hydrology and the legal aspects of water use and conflicts. Following that, he offers a dozen stories -- ranging from Down East Maine to San Antonio's River Walk to Atlanta's burgeoning suburbs -- that clearly illustrate the array of problems caused by groundwater pumping. Each episode poses a conflict of values that reveals the complexity of how and why we use water. These poignant and sometimes perverse tales tell of human foibles including greed, stubbornness, and, especially, the unlimited human capacity to ignore reality. As Robert Glennon explores the folly of our actions and the laws governing them, he suggests common-sense legal and policy reforms that could help avert potentially catastrophic future effects. Water Follies, the first book to focus on the impact of groundwater pumping on the environment, brings this widespread but underappreciated problem to the attention of citizens and communities across America.




Mortal Follies


Book Description

It's not that the dignified and rarefied old Episcopal Church quit believing in God. It's that the God you increasingly hear spoken of in Episcopal circles is infinitely tolerant and given to sudden changes of mind - not quite the divinity you thought you were reading about in the scriptures. Episcopalians of the twenty-first century, like their counterparts in other churches of the so-called American mainline - such as Methodists and Presbyterians - seem to prefer a God that the culture would be proud of, as against a culture that God would be proud of. While they work to rebrand and reshelve orthodox Christianity for the modern market, exponents of the new thinking are busy reducing mainstream Christian witness to a shadow of its former self. Mortal Follies is the story of the Episcopal Church's mad dash to catch up with a secular culture fond of self-expression and blissfully relaxed as to norms and truths. An Episcopal layman, William Murchison details how leaders of his church, starting in the late 1960s, looked over the culture of liberation, liked what they saw, and went skipping along with the shifting cultural mood - especially when the culture demanded that the church account for its sins of heterosexism and racism. Episcopalians have blended so deeply into the cultural woodwork that it's hard sometimes to remember that it all began as a divine calling to the normative and the eternal.




The Brooklyn Follies


Book Description

From the bestselling author of Oracle Night and The Book of Illusions, an exhilarating, whirlwind tale of one man's accidental redemption Nathan Glass has come to Brooklyn to die. Divorced, estranged from his only daughter, the retired life insurance salesman seeks only solitude and anonymity. Then Nathan finds his long-lost nephew, Tom Wood, working in a local bookstore—a far cry from the brilliant academic career he'd begun when Nathan saw him last. Tom's boss is the charismatic Harry Brightman, whom fate has also brought to the "ancient kingdom of Brooklyn, New York." Through Tom and Harry, Nathan's world gradually broadens to include a new set of acquaintances—not to mention a stray relative or two—and leads him to a reckoning with his past. Among the many twists in the delicious plot are a scam involving a forgery of the first page of The Scarlet Letter, a disturbing revelation that takes place in a sperm bank, and an impossible, utopian dream of a rural refuge. Meanwhile, the wry and acerbic Nathan has undertaken something he calls The Book of Human Folly, in which he proposes "to set down in the simplest, clearest language possible an account of every blunder, every pratfall, every embarrassment, every idiocy, every foible, and every inane act I had committed during my long and checkered career as a man." But life takes over instead, and Nathan's despair is swept away as he finds himself more and more implicated in the joys and sorrows of others. The Brooklyn Follies is Paul Auster's warmest, most exuberant novel, a moving and unforgettable hymn to the glories and mysteries of ordinary human life.




Follies of Power


Book Description

The imagination of America's political elites is dominated by a unipolar vision, according to which the world is dominated by the United States. But the real world is increasingly plural, and others instinctively fear and resist the American vision. Chapters 2 and 3 of this book look at the disastrous consequences of the vision at work - in the Middle East and in Europe. Chapters 4, 5, and 6 assess the limits of American power. Chapter 7 discusses the problems of order and coexistence in a world that is not unipolar but increasingly plural. It speculates on the possible contributions and likely fate of both 'Old America' and 'New Europe' as models for organizing the future. America's own constitutional equilibrium, David Calleo argues, increasingly requires friendly balancing from Europe. Both sides of the West must liberate their imaginations from past triumphs to face their responsibilities to the new world and to each other.




Film Follies


Book Description

Outlining a history of film going too far, of seeming madness and wasteful extravagance, this text examines films that are cinematic landmarks and monuments to directors' hubris, from Griffiths' Intolerance to Coppola's Apocalypse Now and Carax's Les Amants du Pont-Neuf. The text explores the changing conditons of the industry under which figures such as L'Herbier and Lang, von Sternberg and Ophuls got their hands on the full apparatus of studio production, while behaving as individual artists. It questions the shape of film history from the viewpoint of these pictures and relates the notion that a failed work of art may be more glorious than a success.




Supply-Side Follies


Book Description

Supply-Side Follies is a progressive political and economic challenge to the current George W. Bush policies. It debunks commonly held assumptions of conservative economic policies centered on the obsession that tax cuts led to greater productivity and prosperity. These fundamentally flawed policies are setting the United States up for a major economic downturn in the near future. The 21st century knowledge economy requires a fundamentally different approach to boosting growth than simply cutting taxes on the richest investors. The alternative is not, however, to resurrect old Keynesian, populist economics as too many Democrats hope to do. Rather, as Rob Atkinson makes clear, our long-term national welfare and prosperity depends on new economic strategy that fits the realities of the 21st century global, knowledge-based economy: innovation-based growth economics.