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Author: Damon Gibbons Publisher: ISBN: 9781907720970 Category : Social Science Languages : en Pages : 238
Book Description
"Damon's book provides a timely insight into the power of personal debt to not just make life a daily struggle of the public but do long term damage to the future our country. He matches detailed analysis with a passionate call for action that many will find compelling" Stella Creasy MP ''This is a timely analysis of the growth in personal debt and a passionate plea for action. Few people understand the working of credit markets better than Damon and his proposals for effective regulation deserve serious attention." Paul Blomfield MP "Damon is one of those rare people who is able to combine a social policy researchers' attention to detail with a campaigners' zeal and passion to make change happen. The fact that he has managed to sustain this work for more than a decade, even when it has often meant swimming against the prevailing opinion of the times, is remarkable. Not only that, his analysis of the problems and solutions to Britain's personal debt crisis is always insightful, and almost always right!" Niall Cooper director Church Action on Poverty ''Damon Gibbons has campaigned over many years for fair lending at a reasonable price to low income households. From doorstep lending to payday loans he has challenged established ideas and called for a cap on costs - a policy now endorsed by the Government." Paul Lewis, journalist and broadcaster About the book We are living in a period of great unrest. What is commonly regarded as starting as a 'credit crunch' in 2007 became a full blown financial crisis the following year causing the 'deepest global downturn in recent history'. Across Europe, rising insolvencies and unemployment have led to falling tax revenues, and to yawning national budget deficits. The austerity measures taken to 'deal with' these deficits are exacerbating wealth inequalities and a series of social and political crises are emerging Underpinning all of these events is a personal debt crisis, and it remains utterly unresolved. The personal debt crisis is not a single moment in time but has been caused by the de-regulation of the financial sector over a period of thirty years; of deep change within the structure of our labour market; of failed housing policies; and of the erosion of the welfare state. The personal debt crisis is also a cultural crisis, where positive notions of self reliance and responsibility have been twisted by the credit industry to encourage people to meet short term 'wants' at the expense of long term 'needs'.
Author: Damon Gibbons Publisher: ISBN: 9781907720970 Category : Social Science Languages : en Pages : 238
Book Description
"Damon's book provides a timely insight into the power of personal debt to not just make life a daily struggle of the public but do long term damage to the future our country. He matches detailed analysis with a passionate call for action that many will find compelling" Stella Creasy MP ''This is a timely analysis of the growth in personal debt and a passionate plea for action. Few people understand the working of credit markets better than Damon and his proposals for effective regulation deserve serious attention." Paul Blomfield MP "Damon is one of those rare people who is able to combine a social policy researchers' attention to detail with a campaigners' zeal and passion to make change happen. The fact that he has managed to sustain this work for more than a decade, even when it has often meant swimming against the prevailing opinion of the times, is remarkable. Not only that, his analysis of the problems and solutions to Britain's personal debt crisis is always insightful, and almost always right!" Niall Cooper director Church Action on Poverty ''Damon Gibbons has campaigned over many years for fair lending at a reasonable price to low income households. From doorstep lending to payday loans he has challenged established ideas and called for a cap on costs - a policy now endorsed by the Government." Paul Lewis, journalist and broadcaster About the book We are living in a period of great unrest. What is commonly regarded as starting as a 'credit crunch' in 2007 became a full blown financial crisis the following year causing the 'deepest global downturn in recent history'. Across Europe, rising insolvencies and unemployment have led to falling tax revenues, and to yawning national budget deficits. The austerity measures taken to 'deal with' these deficits are exacerbating wealth inequalities and a series of social and political crises are emerging Underpinning all of these events is a personal debt crisis, and it remains utterly unresolved. The personal debt crisis is not a single moment in time but has been caused by the de-regulation of the financial sector over a period of thirty years; of deep change within the structure of our labour market; of failed housing policies; and of the erosion of the welfare state. The personal debt crisis is also a cultural crisis, where positive notions of self reliance and responsibility have been twisted by the credit industry to encourage people to meet short term 'wants' at the expense of long term 'needs'.
Author: Financial Crisis Inquiry Commission Publisher: Cosimo, Inc. ISBN: 1616405414 Category : Political Science Languages : en Pages : 692
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.
Author: A. Pettifor Publisher: Springer ISBN: 0230236758 Category : Political Science Languages : en Pages : 199
Book Description
In this book, Ann Pettifor examines the issues of debt affecting the 'first world' or OECD countries, looking at the history, politics and ethics of the coming debt crisis and exploring the implications of high international indebtedness for governments, corporations, households, individuals and the ecosystem.
Author: Michael Veseth Publisher: Oxford University Press ISBN: 019992340X Category : Business & Economics Languages : en Pages : 257
Book Description
Like the United States today, Renaissance Florence and Victorian Britain were the richest, most dynamic economic systems of their times. Yet each succumbed to a fiscal crisis brought on by public debt and taxation and eventually fell into long-term economic decline. Now, public debt and taxation dominate the America policy agenda. Must the United States follow the same dismal pattern of fiscal crisis and economic decline? Mountains of Debt argues that it is not too late for the United States to change directions and suggests a comprehensive program for reform of American fiscal institutions that would reduce the deficit problem and at the same time reverse the long-term structural trends that are both the cause and the effect of the fiscal crisis today. Offering proposals for reducing the deficit, this new analysis could alter the current course of the United States economy.
Author: Richard Roberts Publisher: Oxford University Press, USA ISBN: 0199646546 Category : Business & Economics Languages : en Pages : 320
Book Description
A week before the outbreak of the First World War, an acute financial crisis surged over London: the Stock Exchange closed; money markets worldwide were paralysed. Drawing on diaries, letters, memoirs, press reports, and official archives, this book tells the extraordinary, and largely unknown, story of the first true global financial crisis.
Author: M. Ayhan Kose Publisher: World Bank Publications ISBN: 1464815453 Category : Business & Economics Languages : en Pages : 403
Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Author: Kathleen Burk Publisher: Yale University Press ISBN: 0300057288 Category : Business & Economics Languages : en Pages : 298
Book Description
In this authoritative and gripping book--the first full account of the 1976 International Monetary Fund crisis--Kathleen Burk and Alec Cairncross peel back the surface of the most searing economic crisis of postwar Britain to reveal its historical roots and contemporary context. During the spring of 1976, the plummeting value of the British pound against the U.S. dollar triggered a traumatic economic and political crisis. International confidence in the pound collapsed; an article in the Wall Street Journal, headlined "Good-bye, Great Britain," urged investors to get out of sterling. Refused aid by the London and New York markets, the Labour Government under Prime Minister James Callaghan was forced to turn for help to the IMF--a highly unusual move for a developed Western economy. Fearing that the economic crisis would drive Britain into a left-wing siege economy which would endanger NATO and the EEC, the United States and Germany used the IMF loan as a means to force Britain to make major domestic policy changes; when the IMF mission arrived in London in November 1976, it was announced that the price for the loan included deep cuts in domestic spending. Burk and Cairncross uncover the maneuvers of the Labour Government to evade IMF conditions. They also examine underlying economic factors, the political agenda, the rise of monetarist ideas, and the Keynesian response. Juxtaposing narrative with analysis, they provide surprising answers to critical questions and reveal how the breakdown of the post-war consensus on the macroeconomic management paved the way for the triumph of Thatcherism.
Author: Sue Konzelmann Publisher: Policy Press ISBN: 1447352556 Category : Business & Economics Languages : en Pages : 289
Book Description
What if we had a government prepared to implement the policies that could radically change 21st-century Britain and improve people’s lives? Social and economic policies are rarely communicated clearly to the public, but it’s never been more important for citizens to understand and contribute to the debate around the country’s future. In everyday language, Rethinking Britain presents a range of ideas from some of the country’s most influential thinkers such as Kate Pickett and Ha-Joon Chang. From inflation to tax, and health to education, each contribution offers solutions which, if implemented, would lead to a fairer society. Curated by leading economists from the Progressive Economics Group and accompanied by a ‘jargon buster’, this book is an essential aid for citizens who are interested in critiquing inequalities while looking to build a better future.
Author: Signe-Mary McKernan Publisher: The Urban Insitute ISBN: 9780877667544 Category : Business & Economics Languages : en Pages : 304
Book Description
Low-income families have scant savings to cushion a job loss or illness, and can find economic mobility impossible without funds to invest in education, homes, or businesses. And though a lack of resources leaves such families vulnerable, income-support programs are often closed to those with a bit of savings or even a car. Considering welfare-to-work reforms, the increasingly advanced skill demands of the American workforce, and our stretched Social Security system, such an approach is inadequate to lift families out of poverty. Asset-based policies--allowing or even helping low-income families build wealth--are an increasingly popular strategy to facilitate financial stability.
Author: Christopher Kirkland Publisher: Springer ISBN: 3319592386 Category : Political Science Languages : en Pages : 216
Book Description
This book explores two recent crises in British political economy: the crisis of 1976–9, for which the trade unions were impugned, and the 2007 economic crisis, for which bankers were (at least initially) blamed. The author argues that the “crisis resolution” of the former – principally the Thatcherite reforms of the 1980s – led to the emergence of the banking crisis. Further, Kirkland demonstrates how narratives of blame have emerged and were used in both instances to promote specific agendas. Narrations of blame and crises were used to curb the trade union powers in the 1980s, whilst the 2007 crisis was quickly reframed as one of excessive government spending, which in turn has led to policies of austerity.
Author: Damon Gibbons
Author: Damon Gibbons
Author: Financial Crisis Inquiry Commission
Author: A. Pettifor
Author: Michael Veseth
Author: Richard Roberts
Author: M. Ayhan Kose
Author: Kathleen Burk
Author: Sue Konzelmann
Author: Signe-Mary McKernan
Author: Christopher Kirkland