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Author: Kevin H. Clark Publisher: Advantage Media Group ISBN: 1599322811 Category : Business & Economics Languages : en Pages : 284
Book Description
We tend to think of dominos as standing the tiles on end and then tipping the first one over, toppling into the second, which falls into the third until finally all the dominoes have fallen. In 2008 the first of many financial dominos began falling. Many were worried and looked to Washington for leadership. Instead, we saw only politics-as-usual. But as 2009 and 2010 unfolded, it became too benign to suggest our stricken economy was simply toppled dominos. It was more accurate to describe our condition as an economic "train wreck." The financial chaos as a result of the crisis was heightened by an extraordinary government intervention to triage the shattered economy. Many feared, with justification, that we may be teetering on the brink of this generation's Great Depression. The near-death experience the U.S. economy has suffered forced Americans to turn inward and question our leaders. Our worries have multiplied. Our free market system and ultimately the "American Dream" itself now seem more vulnerable than ever. More importantly, we doubt ourselves and our leaders and long for our life-before. This is a book that chronicles the unfolding disaster of our nation's financial "train wreck." For two crucial years, Kevin Clark had broadcast financial analysis that became a play-by-play of the economic collapse. Now, with hindsight, he revisits recent history and brings what he calls a "Main Street" perspective of this most critical moment in the modern life of America.
Author: Kevin H. Clark Publisher: Advantage Media Group ISBN: 1599322811 Category : Business & Economics Languages : en Pages : 284
Book Description
We tend to think of dominos as standing the tiles on end and then tipping the first one over, toppling into the second, which falls into the third until finally all the dominoes have fallen. In 2008 the first of many financial dominos began falling. Many were worried and looked to Washington for leadership. Instead, we saw only politics-as-usual. But as 2009 and 2010 unfolded, it became too benign to suggest our stricken economy was simply toppled dominos. It was more accurate to describe our condition as an economic "train wreck." The financial chaos as a result of the crisis was heightened by an extraordinary government intervention to triage the shattered economy. Many feared, with justification, that we may be teetering on the brink of this generation's Great Depression. The near-death experience the U.S. economy has suffered forced Americans to turn inward and question our leaders. Our worries have multiplied. Our free market system and ultimately the "American Dream" itself now seem more vulnerable than ever. More importantly, we doubt ourselves and our leaders and long for our life-before. This is a book that chronicles the unfolding disaster of our nation's financial "train wreck." For two crucial years, Kevin Clark had broadcast financial analysis that became a play-by-play of the economic collapse. Now, with hindsight, he revisits recent history and brings what he calls a "Main Street" perspective of this most critical moment in the modern life of America.
Author: Charity Vogel Publisher: Cornell University Press ISBN: 0801469759 Category : History Languages : en Pages : 322
Book Description
On December 18, 1867, the Buffalo and Erie Railroad’s eastbound New York Express derailed as it approached the high truss bridge over Big Sister Creek, just east of the small settlement of Angola, New York, on the shores of Lake Erie. The last two cars of the express train were pitched completely off the tracks and plummeted into the creek bed below. When they struck bottom, one of the wrecked cars was immediately engulfed in flames as the heating stoves in the coach spilled out coals and ignited its wooden timbers. The other car was badly smashed. About fifty people died at the bottom of the gorge or shortly thereafter, and dozens more were injured. Rescuers from the small rural community responded with haste, but there was almost nothing they could do but listen to the cries of the dying—and carry away the dead and injured thrown clear of the fiery wreck. The next day and in the weeks that followed, newspapers across the country carried news of the "Angola Horror," one of the deadliest railway accidents to that point in U.S. history. In a dramatic historical narrative, Charity Vogel tells the gripping, true-to-life story of the wreck and the characters involved in the tragic accident. Her tale weaves together the stories of the people—some unknown; others soon to be famous—caught up in the disaster, the facts of the New York Express’s fateful run, the fiery scenes in the creek ravine, and the subsequent legal, legislative, and journalistic search for answers to the question: what had happened at Angola, and why? The Angola Horror is a classic story of disaster and its aftermath, in which events coincide to produce horrific consequences and people are forced to respond to experiences that test the limits of their endurance. Vogel sets the Angola Horror against a broader context of the developing technology of railroads, the culture of the nation’s print media, the public policy legislation of the post–Civil War era, and, finally, the culture of death and mourning in the Victorian period. The Angola Horror sheds light on the psyche of the American nation. The fatal wreck of an express train nine years later, during a similar bridge crossing in Ashtabula, Ohio, serves as a chilling coda to the story.
Author: Ian Savage Publisher: Springer Science & Business Media ISBN: 146155571X Category : Business & Economics Languages : en Pages : 236
Book Description
The American public has a fascination with railroad wrecks that goes back a long way. One hundred years ago, staged railroad accidents were popular events. At the Iowa State fair in 1896, 89,000 people paid $20 each, at current prices, to see two trains, throttles wide open, collide with each other. "Head-on Joe" Connolly made a business out of "cornfield meets" holding seventy-three events in thirty-six years. Picture books of train wrecks do good business presumably because a train wreck can guarantee a spectacular destruction of property without the messy loss of life associated with aircraft accidents. A "train wreck" has also entered the popular vocabulary in a most unusual way. When political manoeuvering leads to failure to pass the federal budget, and a shutdown is likely of government services, this is widely called a "train wreck. " In business and team sports, bumbling and lack of coordination leading to a spectacular and public failure to perform is also called "causing a train wreck. " A person or organization who is disorganized may be labelled a "train wreck. " It is therefore not surprising that the public perception of the safety of railroads centers on images of twisted metal and burning tank cars, and a general feeling that these events occur quite often. After a series of railroad accidents, such as occurred in the winter of 1996 or the summer of 1997, there are inevitable calls that government "should do something.
Author: Bill Press Publisher: John Wiley & Sons ISBN: 0470182407 Category : Political Science Languages : en Pages : 257
Book Description
A news commentator explains how the conservative movement went awry and traces its rise and fall from Robert Taft and Ronald Reagan to George W. Bush, looking at the budget deficits, spending overruns, and corruption that has resulted from its missteps.
Author: Steven D. Levitt Publisher: Harper Collins ISBN: 0061927570 Category : Business & Economics Languages : en Pages : 416
Book Description
Freakonomics was a worldwide sensation, selling more than four million copies. Now Steven D. Levitt and Stephen J. Dubner return with SuperFreakonomics, and fans and newcomers alike will find that this freakquel is even bolder, funnier, and more surprising than the first. SuperFreakonomics challenges the way we think all over again, with such questions as: How is a street prostitute like a department-store Santa? What's the best way to catch a terrorist? What do hurricanes, heart attacks, and highway deaths have in common? Are people hardwired for altruism or selfishness? Can eating kangaroo save the planet? Levitt and Dubner mix smart thinking and great storytelling like no one else, whether investigating a solution to global warming or explaining why the price of oral sex has fallen so drastically.
Author: Joseph R. Daughen Publisher: Beard Books ISBN: 9781893122086 Category : Business & Economics Languages : en Pages : 384
Book Description
It took ten years of laborious planning and exhaustive negotiations to create the mammoth Penn Central Railroad, the largest railroad in United States history. When the leviathan was finally born of a merger between the Pennsylvania and New York Central Railroads on February 1, 1968, the event was hailed as a great day for railroading. But the baby giant survived only 367 days. The crash of the Penn Central set a new record, this time for the largest bankruptcy the United States had ever seen. "The Wreck of the Penn Central" provides a close-up view of the events that brought the Big Train to bankruptcy court--over-regulation, subsidized competition, big labor featherbedding, greed, corporate back-stabbing, stunning incompetence, and, yes, even a little sex.
Author: Sady Doyle Publisher: Melville House ISBN: 1612196489 Category : Social Science Languages : en Pages : 353
Book Description
“Smart ... compelling ... persuasive .” —New York Times Book Review She’s everywhere once you start looking: the trainwreck. She’s Britney Spears shaving her head, Whitney Houston saying “crack is whack,” and Amy Winehouse, dying in front of millions. But the trainwreck is also as old (and as meaningful) as feminism itself. From Mary Wollstonecraft—who, for decades after her death, was more famous for her illegitimate child and suicide attempts than for A Vindication of the Rights of Woman—to Charlotte Brontë, Billie Holiday, Sylvia Plath, and even Hillary Clinton, Sady Doyle’s Trainwreck dissects a centuries-old phenomenon and asks what it means now, in a time when we have unprecedented access to celebrities and civilians alike, and when women are pushing harder than ever against the boundaries of what it means to “behave.” Where did these women come from? What are their crimes? And what does it mean for the rest of us? For an age when any form of self-expression can be the one that ends you, Doyle’s book is as fierce and intelligent as it is funny and compassionate—an essential, timely, feminist anatomy of the female trainwreck.
Author: John Maynard Keynes Publisher: Simon Publications LLC ISBN: 9781931541138 Category : Business & Economics Languages : en Pages : 312
Book Description
John Maynard Keynes, then a rising young economist, participated in the Paris Peace Conference in 1919 as chief representative of the British Treasury and advisor to Prime Minister David Lloyd George. He resigned after desperately trying and failing to reduce the huge demands for reparations being made on Germany. The Economic Consequences of the Peace is Keynes' brilliant and prophetic analysis of the effects that the peace treaty would have both on Germany and, even more fatefully, the world.
Author: William L. O'Neill Publisher: Rowman & Littlefield ISBN: 1566638062 Category : History Languages : en Pages : 452
Book Description
Examines the 1990s as a period of tranquility and prosperity in the United States, with attention to popular culture, politics, higher education, and economic policy.
Author: Kevin H. Clark
Author: Kevin H. Clark
Author: Charity Vogel
Author: Ian Savage
Author: Bill Press
Author: Steven D. Levitt
Author: Joseph R. Daughen
Author: Sady Doyle
Author: John Maynard Keynes
Author: William L. O'Neill
Author: Takeo Doi