After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead


Alan S. Blinder - 2013
    financial system, which had grown far too complex for its own good-and too unregulated for the public good-experienced a perfect storm beginning in 2007. When America's financial structure crumbled, the damage proved to be not only deep, but wide. It took the crisis for the world to discover, to its horror, just how truly interconnected-and fragile-the global financial system is. The second part of the story explains how American and international government intervention kept us from a total meltdown. Many of the U.S. government's actions, particularly the Fed's, were previously unimaginable. And to an amazing-and certainly misunderstood-extent, they worked. The worst did not happen. Blinder offers clear-eyed answers to the questions still before us, even if some of the choices ahead are as divisive as they are unavoidable. After the Music Stopped is an essential history that we cannot afford to forget, because one thing history teaches is that it will happen here again.

Evil Geniuses: The Unmaking of America


Kurt Andersen - 2020
    A huge, secure, and contented middle class emerged. All boats rose together. But then the New Deal gave way to the Raw Deal. Beginning in the early 1970s, by means of a long war conceived of and executed by a confederacy of big business CEOs, the superrich, and right-wing zealots, the rules and norms that made the American middle class possible were undermined and dismantled. The clock was turned back on a century of economic progress, making greed good, workers powerless, and the market all-powerful while weaponizing nostalgia, lifting up an oligarchy that served only its own interests, and leaving the huge majority of Americans with dwindling economic prospects and hope.Why and how did America take such a wrong turn? In this deeply researched and brilliantly woven cultural, economic, and political chronicle, Kurt Andersen offers a fresh, provocative, and eye-opening history of America’s undoing, naming names, showing receipts, and unsparingly assigning blame—to the radical right in economics and the law, the high priests of high finance, a complacent and complicit Establishment, and liberal “useful idiots,” among whom he includes himself.

Black Wave: Saudi Arabia, Iran, and the Forty-Year Rivalry That Unraveled Culture, Religion, and Collective Memory in the Middle East


Kim Ghattas - 2020
    Kim Ghattas follows everyday citizens whose lives have been affected by the geopolitical drama.Most Americans assume that extremism, Sunni-Shia antagonism, and anti-Americanism have always existed in the Middle East, but prior to 1979, Saudi Arabia and Iran were working allies. It was only after that year--a remarkable turning point--that Shia Iran and Sunni Saudi Arabia began to use religion as a tool in their competition for dominance in the region, igniting the culture wars that led to the 1991 American invasion of Iraq, the September 11th terrorist attacks, and the rise of ISIS.Ghattas shows how Saudi Arabia and Iran went from allies against the threat of communism from Russia, with major roles in the US anti-Soviet strategy, to mortal enemies that use religious conservatism to incite division and unrest from Egypt to Pakistan.

The Art of Intelligence


Henry A. Crumpton - 2012
    In the days after 9/11, the CIA tasked Crumpton to organize and lead the Afghanistan campaign. With Crumpton's strategic initiative and bold leadership, from the battlefield to the Oval Office, U.S. and Afghan allies routed al Qaeda and the Taliban in less than ninety days after the Twin Towers fell. At the height of combat against the Taliban in late 2001, there were fewer than five hundred Americans on the ground in Afghanistan, a dynamic blend of CIA and Special Forces. The campaign changed the way America wages war. This book will change the way America views the CIA.The Art of Intelligence draws from the full arc of Crumpton's espionage and covert action exploits to explain what America's spies do and why their service is more valuable than ever. From his early years in Africa, where he recruited and ran sources, from loathsome criminals to heroic warriors; to his liaison assignment at the FBI, the CIA's Counterterrorism Center, the development of the UAV Predator program, and the Afghanistan war; to his later work running all CIA clandestine operations inside the United States, he employs enthralling storytelling to teach important lessons about national security, but also about duty, honor, and love of country.No book like The Art of Intelligence has ever been written-not with Crumpton's unique perspective, in a time when America faced such grave and uncertain risk. It is an epic, sure to be a classic in the annals of espionage and war.

The Greatest Story Ever Sold: The Decline and Fall of Truth from 9/11 to Katrina


Frank Rich - 2006
    What they didn't know at the time was that the Bush administration's highest priority was not to vanquish Al Qaeda but to consolidate its own power at any cost. It was a mission that could be accomplished only by a propaganda presidency in which reality was steadily replaced by a scenario of the White House's own invention---and such was that scenario's devious brilliance that it fashioned a second war against an enemy that did not attack America on 9/11, intimidated the Democrats into incoherence and impotence, and turned a presidential election into an irrelevant referendum on macho imagery and same-sex marriage.As only he can, acclaimed New York Times columnist Frank Rich delivers a step-by-step chronicle of how skillfully the White House built its house of cards and how the institutions that should have exposed these fictions, the mainstream news media, were too often left powerless by the administration's relentless attack machine, their own post-9/11 timidity, and an unending parade of self-inflicted scandals (typified by those at The New York Times). Demonstrating the candor and conviction that have made him one of our most trusted and incisive public voices, Rich brilliantly and meticulously illuminates the White House's disturbing love affair with "truthiness," and the ways in which a bungled war, a seemingly obscure Washington leak, and a devastating hurricane at long last revealed the man-behind-the-curtain and the story that had so effectively been sold to the nation, as god-given patriotic fact.

This Is How They Tell Me the World Ends: The Cyberweapons Arms Race


Nicole Perlroth - 2021
    One of the most coveted tools in a spy's arsenal, a zero day has the power to silently spy on your iPhone, dismantle the safety controls at a chemical plant, alter an election, and shut down the electric grid (just ask Ukraine).For decades, under cover of classification levels and non-disclosure agreements, the United States government became the world's dominant hoarder of zero days. U.S. government agents paid top dollar-first thousands, and later millions of dollars- to hackers willing to sell their lock-picking code and their silence. Then the United States lost control of its hoard and the market. Now those zero days are in the hands of hostile nations and mercenaries who do not care if your vote goes missing, your clean water is contaminated, or our nuclear plants melt down.Filled with spies, hackers, arms dealers, and a few unsung heroes, written like a thriller and a reference, This Is How They Tell Me the World Ends is an astonishing feat of journalism. Based on years of reporting and hundreds of interviews, The New York Times reporter Nicole Perlroth lifts the curtain on a market in shadow, revealing the urgent threat faced by us all if we cannot bring the global cyber arms race to heel.

American Orientalism: The United States and the Middle East Since 1945


Douglas Little - 2002
    Little offers valuable historical context for anyone seeking a better understanding of the complicated relationship between the US and the Middle East.

Internal Combustion: How Corporations and Governments Addicted the World to Oil and Derailed the Alternatives


Edwin Black - 2006
    and the world to an oil addiction that could have been avoided, that was never necessary, and that could be ended not in ten years, not in five years, but today. Edwin Black, award-winning author of IBM and the Holocaust, has mined scores of corporate and governmental archives to assemble thousands of previously uncovered and long-forgotten documents and studies into this dramatic story. Black traces a continuum of rapacious energy cartels and special interests dating back nearly 5,000 years, from wood to coal to oil, and then to the bicycle and electric battery cartels of the 1890s, which created thousands of electric vehicles that plied American streets a century ago. But those noiseless and clean cars were scuttled by petroleum interests, despite the little-known efforts of Thomas Edison and Henry Ford to mass-produce electric cars powered by personal backyard energy stations. Black also documents how General Motors criminally conspired to undermine mass transit in dozens of cities and how Big Oil, Big Corn, and Big Coal have subverted synthetic fuels and other alternatives. He then brings the story full-circle to the present day oil crises, global warming and beyond. Black showcases overlooked compressed-gas, electric and hydrogen cars on the market today, as well as inexpensive all-function home energy units that could eliminate much oil usage. His eye-opening call for a Manhattan Project for immediate energy independence will help energize society to finally take action. Internal Combustion, and its interactive website www.internalcombustionbook.com, will generate a much-needed national debate at a crucial time. It should be read by every citizen who consumes oil -- everyone. Internal Combustion can change everything, not by reinventing the wheel, but by excavating it from where it was buried a century ago.

Tescopoly


Andrew Simms - 2007
    In his analysis, Andrew Simms, director of the acclaimed think-and-do-tank the New Economics Foundation, and in association with tescopoly.org, tackles a subject that none of us can afford to ignore - what supermarkets in general, and Tesco in particular, are doing to the way we think we live our lives.

As Texas Goes...: How the Lone Star State Hijacked the American Agenda


Gail Collins - 2012
    “How long had this been going on?” she wondered, on behalf of the rest of the nation. “Was it something that we said?”The more she looked at Texas, the more she realized it was at the heart of the American political story. The Tea Party had Texas roots, with its passion for states’ rights and sense of persecution by an overreaching Washington. But Texas also seemed to be running the federal government it despised. Through its vigorous support of banking deregulation, which began with the savings and loan crisis of the 1980s and ended calamitously with the Wall Street crash of 2008, Texas’s boot prints were deep. In education, Texas had managed both to be the model for the wildly influential No Child Left Behind law and to provide some of the loudest political voices calling for the law to be trashed. In energy, Texas was the heart of the drill-baby-drill movement and the war against the whole concept of global warming.Collins brilliantly frames this national movement through the outsized behavior and inimitable swagger of some of Texas’s most colorful and influential political figures, from former House of Representatives Majority Leader Tom DeLay, who got into politics when the EPA banned his favorite fire ant repellent, to Perry himself, who when confronted with the fact that his state had the country’s third-highest teen pregnancy rate, defended its abstinence-only sex education policy by doggedly asserting, “I’m just going to tell you from my own personal life. Abstinence works.”Digging beneath the veneer of cowboy hats, oil derricks, and Alamo cries, Collins has produced a profoundly original work demonstrating that much of what ails America was first birthed in Texas. Like it or not, as Texas goes, so goes the nation.

The Looting Machine: Warlords, Oligarchs, Corporations, Smugglers, and the Theft of Africa's Wealth


Tom Burgis - 2015
    During the years when Brazil, India, China and the other “emerging markets” have transformed their economies, Africa's resource states remained tethered to the bottom of the industrial supply chain. While Africa accounts for about 30 per cent of the world's reserves of hydrocarbons and minerals and 14 per cent of the world's population, its share of global manufacturing stood in 2011 exactly where it stood in 2000: at 1 percent.In his first book, The Looting Machine, Tom Burgis exposes the truth about the African development miracle: for the resource states, it's a mirage. The oil, copper, diamonds, gold and coltan deposits attract a global network of traders, bankers, corporate extractors and investors who combine with venal political cabals to loot the states' value. And the vagaries of resource-dependent economies could pitch Africa's new middle class back into destitution just as quickly as they climbed out of it. The ground beneath their feet is as precarious as a Congolese mine shaft; their prosperity could spill away like crude from a busted pipeline.This catastrophic social disintegration is not merely a continuation of Africa's past as a colonial victim. The looting now is accelerating as never before. As global demand for Africa's resources rises, a handful of Africans are becoming legitimately rich but the vast majority, like the continent as a whole, is being fleeced. Outsiders tend to think of Africa as a great drain of philanthropy. But look more closely at the resource industry and the relationship between Africa and the rest of the world looks rather different. In 2010, fuel and mineral exports from Africa were worth 333 billion, more than seven times the value of the aid that went in the opposite direction. But who received the money? For every Frenchwoman who dies in childbirth, 100 die in Niger alone, the former French colony whose uranium fuels France's nuclear reactors. In petro-states like Angola three-quarters of government revenue comes from oil. The government is not funded by the people, and as result it is not beholden to them. A score of African countries whose economies depend on resources are rentier states; their people are largely serfs. The resource curse is not merely some unfortunate economic phenomenon, the product of an intangible force. What is happening in Africa's resource states is systematic looting. Like its victims, its beneficiaries have names.

A History of the United States in Five Crashes: Stock Market Meltdowns That Defined a Nation


Scott Nations - 2017
    Only billionaire J.P. Morgan was able to save the stock market.Black Tuesday (1929): As the newly created Federal Reserve System repeatedly adjusted interest rates in all the wrong ways, investment trusts, the darlings of that decade, became the catalyst that caused the bubble to burst, and the Dow fell dramatically, leading swiftly to the Great Depression.Black Monday (1987): When "portfolio insurance," a new tool meant to protect investments, instead led to increased losses, and corporate raiders drove stock prices above their real values, the Dow dropped an astonishing 22.6 percent in one day.The Great Recession (2008): As homeowners began defaulting on mortgages, investment portfolios that contained them collapsed, bringing the nation's largest banks, much of the economy, and the stock market down with them.The Flash Crash (2010): When one investment manager, using a runaway computer algorithm that was dangerously unstable and poorly understood, reacted to the economic turmoil in Greece, the stock market took an unprecedentedly sudden plunge, with the Dow shedding 998.5 points (roughly a trillion dollars in valuation) in just minutes.The stories behind the great crashes are filled with drama, human foibles, and heroic rescues. Taken together they tell the larger story of a nation reaching enormous heights of financial power while experiencing precipitous dips that alter and reset a market where millions of Americans invest their savings, and on which they depend for their futures. Scott Nations vividly shows how each of these major crashes played a role in America's political and cultural fabric, each providing painful lessons that have strengthened us and helped us to build the nation we know today.A History of the United States in Five Crashes clearly and compellingly illustrates the connections between these major financial collapses and examines the solid, clear-cut lessons they offer for preventing the next one.

Macroeconomics: Theories and Policies


Richard T. Froyen - 1983
    Now revised and updated to include expanded coverage of monetary policy, this volume traces the history of macroeconomics and the evolution of macroeconomic thought and the resulting theory and policy.

Power, Faith, and Fantasy: America in the Middle East 1776 to the Present


Michael B. Oren - 2007
    Bush. As Niall Ferguson writes, “If you think America’s entanglement in the Middle East began with Roosevelt and Truman, Michael Oren’s deeply researched and brilliantly written history will be a revelation to you, as it was to me. With its cast of fascinating characters—earnest missionaries, maverick converts, wide-eyed tourists, and even a nineteenth-century George Bush—Power, Faith, and Fantasy is not only a terrific read, it is also proof that you don’t really understand an issue until you know its history.”

Essence of Decision: Explaining the Cuban Missile Crisis


Graham T. Allison - 1971
    Not simply revised, but completely re-written, the Second Edition of this classic text is a fresh reinterpretation of the theories and events surrounding the Cuban Missle Crisis, incorporating all new information from the Kennedy tapes and recently declassified Soviet files. Essence of Decision Second Edition, is a vivid look at decision-making under pressure and is the only single volume work that attempts to answer the enduring question: how should citizens understand the actions of their government?