Panic at the Pump


Book Description

"A detailed historical narrative of the U.S. energy crisis in the 1970s and how policymakers responded to the turmoil"--




Crisis ? What Crisis ?


Book Description

'A masterful work of social history and cultural commentary, told with much wit. It almost makes you feel as if you were there' ROGER LEWIS, Mail on Sunday The 1970s. They were the best of times and the worst of times. Wealth inequality was at a record low, yet industrial strife was at a record high. These were the glory years of Doctor Who and glam rock, but the darkest days of the Northern Ireland conflict. Beset by strikes, inflation, power cuts and the rise of the far right, the cosy Britain of the post-war consensus was unravelling – in spectacularly lurid style. Fusing high politics and low culture, Crisis? What Crisis? presents a world in which Enoch Powell, Ted Heath and Tony Benn jostle for space with David Bowie, Hilda Ogden and Margo Leadbetter, and reveals why a country exhausted by decline eventually turned to Margaret Thatcher for salvation.




The Endless Crisis


Book Description

The days of boom and bubble are over, and the time has come to understand the long-term economic reality. Although the Great Recession officially ended in June 2009, hopes for a new phase of rapid economic expansion were quickly dashed. Instead, growth has been slow, unemployment has remained high, wages and benefits have seen little improvement, poverty has increased, and the trend toward more inequality of incomes and wealth has continued. It appears that the Great Recession has given way to a period of long-term anemic growth, which Foster and McChesney aptly term the Great Stagnation. This incisive and timely book traces the origins of economic stagnation and explains what it means for a clear understanding of our current situation. The authors point out that increasing monopolization of the economy—when a handful of large firms dominate one or several industries—leads to an over-abundance of capital and too few profitable investment opportunities, with economic stagnation as the result. Absent powerful stimuli to investment, such as historic innovations like the automobile or major government spending, modern capitalist economies have become increasingly dependent on the financial sector to realize profits. And while financialization may have provided a temporary respite from stagnation, it is a solution that cannot last indefinitely, as instability in financial markets over the last half-decade has made clear.




America in the Seventies


Book Description

In assessing this tumultuous period in American history, Stephanie A. Slocum-Schaffer provides readers with a visceral experience of the seventies and a comprehensive survey of the important events of the entire decade. Central to the book is the belief that the 1970s were a time of betrayal and loss for the U.S., tempered by moments of healing and renewal. Slocum-Schaffer evokes the pain of Nixon's betrayal of the nation, the revelations of the My Lai massacre and the Pentagon Papers, and the losses of icons such as John Wayne, Jimi Hendrix, and the cult followers at Jonestown. At the same time, she revisits the successes of Camp David, Billie Jean King, and Frank Robinson, and the first Space Shuttle test flight, and reminds us of the healing that such events offered to the U. S.'s faltering self-esteem. America in the Seventies concludes with a "Legacy Chapter," summarizing the influence of the events of the decade on future generations and an annotated bibliography that includes the author's recommendations for the "best first book" to read on each subject, as well as relevant Internet sources.




Jimmy Carter and the Energy Crisis of the 1970s


Book Description

In a decade of constant crises, perhaps the most formidable challenge that Americans faced in the 1970s was the energy shortage. An era of inexpensive and seemingly unlimited supplies of oil came to an end with the OPEC oil embargo of 1973 and strained the nation's economy for the remainder of the decade. In his "Crisis of Confidence" speech, one of the most remarkable political addresses in American history, President Jimmy Carter drew connections between America's increasing dependence on foreign oil and what he considered larger, more spiritual problems that plagued the nation. Through carefully selected documents that bring together the high-level White House decision-making process and the national conversation about energy, Daniel Horowitz helps students understand both the crises of the 1970s and the continuing relationship between American economic and foreign policy. An introduction by the editor, headnotes to documents, a chronology, questions for consideration, and a selected bibliography provide further pedagogical support.




Freedom Is an Endless Meeting


Book Description

This “excellent study of activist politics in the United States over the past century” challenges the conventional wisdom about participatory democracy (Times Literary Supplement). Freedom Is an Endless Meeting offers vivid portraits of American experiments in participatory democracy throughout the twentieth century. Drawing on meticulous research and more than one hundred interviews with activists, Francesca Polletta upends the notion that participatory democracy is worthy in purpose but unworkable in practice. Instead, she shows that social movements have often used bottom-up decision making as a powerful tool for political change. Polletta traces the history of democracy from early labor struggles and pre-World War II pacifism, through the civil rights, new left, and women’s liberation movements of the sixties and seventies, and into today’s faith-based organizing and anti-corporate globalization campaigns. In the process, she uncovers neglected sources of democratic inspiration—such as Depression-era labor educators and Mississippi voting registration workers—as well as practical strategies of social protest. Polletta also highlights the obstacles that arise when activists model their democracies after nonpolitical relationships such as friendship, tutelage, and religious fellowship. She concludes with a call to forge new kinds of democratic relationships that balance trust with accountability, respect with openness to disagreement, and caring with inclusiveness. For anyone concerned about the prospects for democracy in America, Freedom Is an Endless Meeting will offer abundant historical, theoretical, and practical insights.




The Financial Crisis Inquiry Report


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.




Crisis in the Classroom


Book Description




Fear City


Book Description

PULITZER PRIZE FINALIST An epic, riveting history of New York City on the edge of disaster—and an anatomy of the austerity politics that continue to shape the world today When the news broke in 1975 that New York City was on the brink of fiscal collapse, few believed it was possible. How could the country’s largest metropolis fail? How could the capital of the financial world go bankrupt? Yet the city was indeed billions of dollars in the red, with no way to pay back its debts. Bankers and politicians alike seized upon the situation as evidence that social liberalism, which New York famously exemplified, was unworkable. The city had to slash services, freeze wages, and fire thousands of workers, they insisted, or financial apocalypse would ensue. In this vivid account, historian Kim Phillips-Fein tells the remarkable story of the crisis that engulfed the city. With unions and ordinary citizens refusing to accept retrenchment, the budget crunch became a struggle over the soul of New York, pitting fundamentally opposing visions of the city against each other. Drawing on never-before-used archival sources and interviews with key players in the crisis, Fear City shows how the brush with bankruptcy permanently transformed New York—and reshaped ideas about government across America. At once a sweeping history of some of the most tumultuous times in New York's past, a gripping narrative of last-minute machinations and backroom deals, and an origin story of the politics of austerity, Fear City is essential reading for anyone seeking to understand the resurgent fiscal conservatism of today.