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.

    Oil Money, Politics, and Power in the 21st Century Twenty years ago oil cost about $7 a barrel. In 2008 the price soared to $148 and then fell to below $40. In the midst of this extraordinary volatility, the major oil conglomerates still spent over a trillion dollars in an increasingly frantic search for more. The story of oil is a story of high stakes and extreme risk. It is the story of the crushing rivalries between men and women exploring for oil five miles beneath the sea, battling for control of the world's biggest corporations, and gambling billions of dollars twenty-four hours every day on oil's prices. It is the story of corporate chieftains in Dallas and London, traders in New York, oil-oligarchs in Moscow, and globe-trotting politicians-all maneuvering for power. With the world as his canvas, acclaimed investigative reporter Tom Bower gathers unprecedented firsthand information from hundreds of sources to give readers the definitive, untold modern history of oil . . . the ultimate story of arrogance, intrigue, and greed.

    Long overshadowed by the stunning American victory at Saratoga, the complex British campaign that defeated George Washington's colonial army and led to the capture of the capital city of Philadelphia was one of the most important military events of the war. Michael C. Harris's impressive Brandywine: A Military History of the Battle that Lost Philadelphia but Saved America, September 11, 1777, is the first full-length study of this pivotal engagement in many years.General Sir William Howe launched his campaign in late July 1777, when he loaded his army of 16,500 British and Hessian soldiers aboard a 265-ship armada in New York and set sail. Six difficult weeks later Howe's expedition landed near Elkton, Maryland, and moved north into Pennsylvania. Washington's rebel army harassed Howe's men at several locations including a minor but violent skirmish at Cooch's Bridge in Delaware on September 3. Another week of hit-and-run tactics followed until Howe was within three miles of Chads's Ford on Brandywine Creek, behind which Washington had posted his army in strategic blocking positions along a six-mile front. The young colonial capital of Philadelphia was just 25 miles farther east.Obscured by darkness and a heavy morning fog, General Howe initiated his plan of attack at 5:00 a.m. on September 11, pushing against the American center at Chads's Ford with part of his army while the bulk of his command swung around Washington's exposed right flank to deliver his coup de main, destroy the colonials, and march on Philadelphia. Warned of Howe's flanking attack just in time, American generals turned their divisions to face the threat. The bitter fighting on Birmingham Hill drove the Americans from the field, but their heroic defensive stand saved Washington's army from destruction and proved that the nascent Continental foot soldiers could stand toe-to-toe with their foe. Although fighting would follow, Philadelphia fell to Howe's legions on September 26.Harris's Brandywine is the first complete study to merge the strategic, political, and tactical history of this complex operation and important set-piece battle into a single compelling account. More than a decade in the making, his sweeping prose relies almost exclusively upon original archival research and his personal knowledge of the terrain. Enhanced with original maps, illustrations, and modern photos, and told largely through the words of those who fought there, Brandywine will take its place as one of the most important military studies of the American Revolution ever written."

    Here is Siegmund Warburg, who dropped a client in the heat of a takeover deal because the man wore monogrammed shirt cuffs, as well as the imperious J. P. Morgan, who, when faced with a federal antitrust suit, admonished Theodore Roosevelt to "send your man to my man and they can fix it up." And here are the men who usurped their power, from the go-getters of the 1920s to the masters of the universe of the 1980s. Glittering with perception and anecdote, The Death of the Banker is at once a panorama of twentieth-century finance and a guide to the new era of giant mutual funds on Wall Street."Chernow . . . delivers a sound, accessible account of the forces shaping capital, credit, currency, and securities markets on the eve of a new millennium. " --Kirkus Reviews

    Renowned economist and Nobel Prize winner Joseph E. Stiglitz had a ringside seat for most of the major economic events of the last decade, including stints as chairman of the Council of Economic Advisers and chief economist at the World Bank. Particularly concerned with the plight of the developing nations, he became increasingly disillusioned as he saw the International Monetary Fund and other major institutions put the interests of Wall Street and the financial community ahead of the poorer nations. Those seeking to understand why globalization has engendered the hostility of protesters in Seattle and Genoa will find the reasons here. While this book includes no simple formula on how to make globalization work, Stiglitz provides a reform agenda that will provoke debate for years to come. Rarely do we get such an insider's analysis of the major institutions of globalization as in this penetrating book. With a new foreword for this paperback edition.

    . . . Almost every page could make you say, I didn’t know that!"Tampa Tribune"Gannon’s love for Florida comes through in a marvelous narrative style [that] doesn’t bog down in dates and reams of facts that historians find interesting, but others don’t."--Miami Herald"First rate . . . desperately needed . . . entertaining . . . fun!"--Orlando Sentinel"Gannon is a lifelong student of the history of his state, an acclaimed teacher, a masterful and tireless raconteur, and a superb stylist. Florida: A Short History showcases each of these strengths and talents and contains the latest archaeological and historical scholarship."--Florida Historical QuarterlyAs if Ponce de León, who happened on the peninsula in 1513, returned today to demand a quick reckoning (“Tell me what happened after I was there, but leave out the boring parts!”), Michael Gannon recounts the longest recorded history of any state in the nation in twenty-seven brisk, fully illustrated chapters.From indigenous tribes who lived along spring-fed streams to environmentalists who labor to "Save Our Rivers," from the first conquistadors whose broad black ships astonished the natives to the 123,000 refugees whose unexpected immigration stunned South Floridians in 1980, the story of the state is as rich and distinctive as the story of America.And it’s older than most people think. As Gannon writes, “By the time the Pilgrims came ashore at Plymouth, St. Augustine was up for urban renewal. It was a town with fort, church, seminary, six-bed hospital, fish market, and about 120 shops and houses. Because La Florida stretched north from the Keys to Newfoundland and west to Texas, St. Augustine could claim to be the capital of much of what is now the United States.”Gannon tells his fast-marching saga in chronological fashion. Starting with the wilderness of the ancient earth, he fills the landscape with Indians, colonists, pioneers, entrepreneurs, politicians, and the panorama of Florida today--“the broad superhighways that wind past horse farms, retirement communities, international airports, launch pads, futuristic attractions, and come to rest, finally, amidst the gleaming towers of Oz?like cities.” This revised edition concludes with a look into the twenty-first century, including “in-migration,” restoration of the Everglades, education, the work force, and the infamous 2000 presidential election.Michael Gannon is distinguished service professor emeritus of history at the University of Florida. Among other honors, he has received the first Arthur W. Thompson Prize from the Florida Historical Society and the decoration Knight Commander of the Order of Isabel la Católica from King Juan Carlos I of Spain. He is the author of the best-selling Operation Drumbeat and editor of The New History of Florida.

    interstate system changed the face of our country. The Big Roads charts the creation of these essential American highways. From the turn-of-the-century car racing entrepreneur who spurred the citizen-led “Good Roads” movement, to the handful of driven engineers who conceived of the interstates and how they would work—years before President Eisenhower knew the plans existed—to the protests that erupted across the nation when highways reached the cities and found people unwilling to be uprooted in the name of progress, Swift follows a winding, fascinating route through twentieth-century American life.  How did we get from dirt tracks to expressways, from main streets to off-ramps, from mud to concrete and steel, in less than a century? Through decades of politics, activism, and marvels of engineering, we recognize in our highways the wanderlust, grand scale, and conflicting notions of citizenship and progress that define America.

    The post-industrial society’s dimensions would include the spread of a knowledge class, the change from goods to services and the role of women. All of these would be dependent on the expansion of services in the economic sector and an increasing dependence on science as the means of innovating and organizing technological change.Bell prophetically stated in The Coming of the Post-Industrial Society that we should expect “… new premises and new powers, new constraints and new questions—with the difference that these are now on a scale that had never been previously imagined in world history.”

    They regale readers with riveting vignettes of how AIG grew from a modest group of insurance enterprises in 1970 to the largest insurance company in world history. They help us understand AIG's distinctive entrepreneurial culture and how its outstanding employees worldwide helped pave the road to globalization.Corrects numerous common misconceptions about AIG that arose due to its role at the center of the financial crisis of 2008. A unique account of AIG by one of the iconic business leaders of the twentieth century who developed close relationships with many of the most important world leaders of the period and helped to open markets everywhere Offers new critical perspective on battles with N. Y. Attorney General Eliot Spitzer and the 2008 U.S. government seizure of AIG amid the financial crisis Shares considerable information not previously made public The AIG Story captures an impressive saga in business history--one of innovation, vision and leadership at a company that was nearly--destroyed with a few strokes of governmental pens. The AIG Story carries important lessons and implications for the U.S., especially its role in international affairs, its approach to business, its legal system and its handling of financial crises.

    It's true that Milwaukee's German accent was unmistakable in the 1880s; it was the Beer Capital of the World; and it's the home of the steam shovels that dug the Panama Canal the engines that powered the New York City subway system, and the motorcycles that made Harley-Davidson an American legend.But the stereotypes don't begin to convey the richness of Milwaukee's past. They don't describe the five citizens killed by the state militia as they marched for the eight-hour day. The Jewish community leader who wrote The Settlement Cookbook. The Italian priest who led the local crusade for civil rights in the 1960s. The railroad promoter who bribed an entire state legislature. The Socialists who made Milwaukee the best-governed big city in America. Allis-Chalmers and Pabst Blue Ribbon. Summerfest and Irish Fest. Golda Meir. Carl Sandburg. Robin Yount.The Making of Milwaukee tells all those stories and a great many more. Well-written, superbly organized, and lavishly illustrated, it is sure to be the standard reference for many years to come.

    Written at the birth of post-war consumerism, the Critique was a philosophical inspiration for the 1968 student revolution in France and is considered to be the founding text of all that we know as cultural studies, as well as a major influence on the fields of contemporary philosophy, geography, sociology, architecture, political theory and urbanism. A work of enormous range and subtlety, Lefebvre takes as his starting-point and guide the "trivial" details of quotidian experience: an experience colonized by the commodity, shadowed by inauthenticity, yet one which remains the only source of resistance and change.This is an enduringly radical text, untimely today only in its intransigence and optimism.

    It contains all of Paine's key works including 'The Rights of Man', his groundbreaking defence of the revolutionary cause in France, 'Common Sense', which won thousands over to the side of the American rebels, and the first part of 'The Age of Reason', a ferocious attack on Christianity. The shorter pieces — on capital punishment, social reform and the abolition of slavery — also confirm the great versatility and power of this master of democratic prose.In their informative introduction, Michael Foot and Isaac Kramnick expore the life, work and influence of Thomas Paine, placing his work in its historical context and illustrating the force and clarity of his literary style.

     The facts of the tragedy are established: On April 15, 2013, two homemade bombs fashioned from pressure cookers exploded near the finish line of the Boston Marathon, killing three people and wounding 264 others. The elder of the brothers suspected of committing this atrocity, Tamerlan Tsarnaev, died in the ensuing manhunt; Dzhokhar will stand trial in January 2015. What we don’t know is why. How did such a nightmare come to pass?This is a probing and powerful story of dislocation, and the longing for clarity and identity that can reach the point of combustion. Bestselling Russian-American author Masha Gessen is uniquely endowed with the background, access, and talent to tell it. She explains who the brothers were and how they came to do what they appear to have done. From their displaced beginnings, as descendants of ethnic Chechens deported to Central Asia in the Stalin era, Gessen follows them as they are displaced again, from strife-ridden Kyrgyzstan to war-torn Dagestan, and then, as émigrés to the United States, into an utterly disorienting new world. Most crucially, she reconstructs the struggle between assimilation and alienation that ensued for each of the brothers, fueling their apparent metamorphosis into a new breed of homegrown terrorist, with their feet on American soil but their loyalties elsewhere—a split in identity that seems to have incubated a deadly sense of mission. Like Dave Cullen’s Columbine, this will be the enduring account of an indelible tragedy.

    In one of the defining moments of the twentieth century, more than 100,000 people were killed instantly by two atomic bombs dropped on Hiroshima and Nagasaki by US Air Force B29s. Hundreds of thousands more succumbed to their horrific injuries, or slowly perished of radiation-related sickness.Hiroshima Nagasaki tells the story of the tragedy through the eyes of the survivors, from the twelve-year-olds forced to work in war factories to the wives and children who faced it alone. Through their harrowing personal testimonies, we are reminded that these were ordinary people, given no warning and no chance to escape the horror.American leaders claimed that the bombings were 'our least abhorrent choice' and fell strictly on 'military targets'. Even today, most people believe they ended the Pacific War and saved millions of American and Japanese lives. Hiroshima Nagasaki challenges this deep-set perception, revealing that the atomic bombings were the final crippling blow to the Japanese in a stratgic air war waged primarily against civilians.

    The author shows how the chronic problems faced by the U.S. in the late twentieth century require increasing collusions between Big Business and Big Government in order to 'manage' society in the interests of the rich and powerful.This "friendly fascism," Gross argues, will probably lack the dictatorships, public spectacles and overt brutality of the classic varieties of Germany, Italy and Japan, but has at its root the same denial of individual freedoms and democratic rights. No one who cares about the future of democracy can afford to ignore the frightening possibilities of Friendly Fascism.This is certainly a strikingly prescient book for a Trump era.