Written not from a post-crisis perspective – but from a preventative point of view – this book traces the development of financial derivatives from bonds to credit default swaps, and shows how mathematical formulas went beyond pricing to expand their use to the point where they dwarfed the real economy. You'll learn how the deadly allure of their ice-cold beauty has misled generations of economists and investors, and how continued reliance on these formulas can either assist future economic development, or send the global economy into the financial equivalent of a cardiac arrest. Rather than rehash tales of post-crisis fallout, this book focuses on preventing the next one. By exploring the heart of the shadow economy, you'll be better prepared to ride the rough waves of finance into the turbulent future. Delve into one of the world's least-understood but highest-impact industries Understand the key principles of quantitative finance and the evolution of the field Learn what quantitative finance has become, and how it affects us all Discover how the industry's next steps dictate the economy's future How do you create a quadrillion dollars out of nothing, blow it away and leave a hole so large that even years of "quantitative easing" can't fill it – and then go back to doing the same thing? Even amidst global recovery, the financial system still has the potential to seize up at any moment. The Money Formula explores the how and why of financial disaster, what must happen to prevent the next one.

    Did you ever ask yourself: “Who am I? What am I? Why am I?”You are a mystery.The world about you is a mystery.Now, you can understand!

    A concentration of power, whether in the hands of a military dictator or a JP Morgan, was understood as autocratic and dangerous to individual liberty and democracy. This idea stretched back to the country’s founding. In the 1930s, people observed that the Great Depression was caused by financial concentration in the hands of a few whose misuse of their power induced a financial collapse. They drew on this tradition to craft the New Deal. In Goliath, Matt Stoller explains how authoritarianism and populism have returned to American politics for the first time in eighty years, as the outcome of the 2016 election shook our faith in democratic institutions. It has brought to the fore dangerous forces that many modern Americans never even knew existed. Today’s bitter recriminations and panic represent more than just fear of the future, they reflect a basic confusion about what is happening and the historical backstory that brought us to this moment. The true effects of populism, a shrinking middle class, and concentrated financial wealth are only just beginning to manifest themselves under the current administrations. The lessons of Stoller’s study will only grow more relevant as time passes. Building upon his viral article in The Atlantic, “How the Democrats Killed Their Populist Soul,” Stoller illustrates in rich detail how we arrived at this tenuous moment, and the steps we must take to create a new democracy.

    Each volume offers a complete and authoritative history of the country from the earliest times up to the present. A Gazetteer cross-referenced to the main text pin-points the historical importance of sights and towns.Illustrated with maps and line drawings, this literate and lively series makes ideal before-you-go reading, and is just as handy tucked into suitcase or backpack.A Traveller's History of China provides a concise but fascinating journey from the country's earliest beginnings right up to the creation of the economic powerhouse that is today's China.

    Why are experts so bad at making predictions? Why do rich people take outsized risks to reach for money they don't need? Is America's manufacturing base really dwindling? What did we learn about risk after 9/11? Those questions and many more are tackled in these 21 irreverent and contrarian essays, which will have readers thinking differently about the conventional wisdom.

    

    Republicans in Congress threatened to shut down the government and force a U.S. debt default. Tea Party activists mounted primary challenges against Republican officeholders who appeared to exhibit too much pragmatism or independence. Moderation and compromise were dirty words in the Republican presidential debates. The GOP, it seemed, had suddenly become a party of ideological purity.Except this development is not new at all. In Rule and Ruin, Geoffrey Kabaservice reveals that the moderate Republicans' downfall began not with the rise of the Tea Party but about the time of President Dwight Eisenhower's farewell address. Even in the 1960s, when left-wing radicalism and right-wing backlash commanded headlines, Republican moderates and progressives formed a powerful movement, supporting pro-civil rights politicians like Nelson Rockefeller and William Scranton, battling big-government liberals and conservative extremists alike. But the Republican civil war ended with the overthrow of the moderate ideas, heroes, and causes that had comprised the core of the GOP since its formation. In hindsight, it is today's conservatives who are Republicans in Name Only.Writing with passionate sympathy for a bygone tradition of moderation, Kabaservice recaptures a time when fiscal restraint was matched with social engagement; when a cohort of leading Republicans opposed the Vietnam war; when George Romney--father of Mitt Romney--conducted a nationwide tour of American poverty, from Appalachia to Watts, calling on society to listen to the voices from the ghetto. Rule and Ruin is an epic, deeply researched history that reorients our understanding of our political past and present.Today, following the Republicans' loss of the popular vote in five of the last six presidential contests, moderates remain marginalized in the GOP and progressives are all but nonexistent. In this insightful and elegantly argued book, Kabaservice contends that their decline has left Republicans less capable of governing responsibly, with dire consequences for all Americans. He has added a new afterword that considers the fallout from the 2012 elections.

    

    Traces the transformation in vocation and lifestyle in America during the twentieth century throught the experiences of a very diverse group of elderly men and women.

    Created in the 1890s by George Washington Vanderbilt, a member of one of America's wealthiest families, the estate combined a 250-room French Renaissance-style chateau with 125,000 acres of gardens, forests, and working farms. Biltmore House served as Vanderbilt's primary residence for almost 20 years. After Mr. Vanderbilt's death in 1914, life at Biltmore continued for his wife Edith and daughter Cornelia. In 1930, Cornelia Vanderbilt Cecil and her husband, Hon. John Francis Amherst Cecil, opened Biltmore House--the largest private home in the United States--to the public, firmly establishing the Asheville area as a major tourist destination.

    Grunwald’s meticulous reporting shows how the stimulus, though reviled on the right and the left, helped prevent a depression while jump-starting the president’s agenda for lasting change. As ambitious and far-reaching as FDR’s New Deal, the Recovery Act is a down payment on the nation’s economic and environmental future, the purest distillation of change in the Obama era. The stimulus has launched a transition to a clean-energy economy, doubled our renewable power, and financed unprecedented investments in energy efficiency, a smarter grid, electric cars, advanced biofuels, and green manufacturing. It is computerizing America’s pen-and-paper medical system. Its Race to the Top is the boldest education reform in U.S. history. It has put in place the biggest middle-class tax cuts in a generation, the largest research investments ever, and the most extensive infrastructure investments since Eisenhower’s interstate highway system. It includes the largest expansion of antipoverty programs since the Great Society, lifting millions of Americans above the poverty line, reducing homelessness, and modernizing unemployment insurance. Like the first New Deal, Obama’s stimulus has created legacies that last: the world’s largest wind and solar projects, a new battery industry, a fledgling high-speed rail network, and the world’s highest-speed Internet network. Michael Grunwald goes behind the scenes—sitting in on cabinet meetings, as well as recounting the secret strategy sessions where Republicans devised their resistance to Obama—to show how the stimulus was born, how it fueled a resurgence on the right, and how it is changing America. The New New Deal shatters the conventional Washington narrative and it will redefine the way Obama’s first term is perceived.

    Eric Jaffe captures the progress of people and culture along the road through four centuries, from its earliest days as the king of England’s “best highway” to the current era. Centuries before the telephone, radio, or Internet, the Boston Post Road was the primary conduit of America’s prosperity and growth. News, rumor, political intrigue, financial transactions, and personal missives traveled with increasing rapidity, as did people from every walk of life.From post riders bearing the alarms of revolution, to coaches carrying George Washington on his first presidential tour, to railroads transporting soldiers to the Civil War, the Boston Post Road has been essential to the political, economic, and social development of the United States. Continuously raised, improved, rerouted, and widened for faster and heavier traffic, the road played a key role in the advent of newspapers, stagecoach travel, textiles, mass-produced bicycles and guns,  commuter railroads, automobiles—even Manhattan’s modern grid. Many famous Americans traveled the highway, and it drew the keen attention of such diverse personages as Benjamin Franklin, Franklin D. Roosevelt, P. T. Barnum, J. P. Morgan, and Robert Moses. Eric Jaffe weaves this entertaining narrative with a historian’s eye for detail and a journalist’s flair for storytelling. A cast of historical figures, celebrated and unknown alike, tells the lost tale of this road.Revolutionary printer William Goddard created a postal network that united the colonies against the throne. General Washington struggled to hold the highway during the battle for Manhattan. Levi Pease convinced Americans to travel by stagecoach until, half a century later, Nathan Hale convinced them to go by train. Abe Lincoln, still a dark-horse candidate in early 1860, embarked on a railroad speaking tour along the route that clinched the presidency. Bomb builder Lester Barlow, inspired by the Post Road’s notorious traffic, nearly sold Congress on a national system of expressways twenty-five years before the Interstate Highway Act of 1956. Based on extensive travels of the highway, interviews with people living up and down the road, and primary sources unearthed from the great libraries between New York City and Boston—including letters, maps, contemporaneous newspapers, and long-forgotten government documents—The King’s Best Highway is a delightful read for American history buffs and lovers of narrative everywhere.

    of Maryland School of Medicine), offers case histories of the health problems of a dozen long-dead famous figures diagnosed from modern medical perspectives. Illustrations depict patients including the odd-looking Pharaoh Akhenaten, C