Anchored by six megabanks—Bank of America, JPMorgan Chase, Citigroup, Wells Fargo, Goldman Sachs, and Morgan Stanley—which together control assets amounting, astonishingly, to more than 60 percent of the country’s gross domestic product, these financial institutions (now more emphatically “too big to fail”) continue to hold the global economy hostage, threatening yet another financial meltdown with their excessive risk-taking and toxic “business as usual” practices. How did this come to be—and what is to be done? These are the central concerns of 13 Bankers, a brilliant, historically informed account of our troubled political economy. In 13 Bankers, Simon Johnson—one of the most prominent and frequently cited economists in America (former chief economist of the International Monetary Fund, Professor of Entrepreneurship at MIT, and author of the controversial “The Quiet Coup” in The Atlantic)—and James Kwak give a wide-ranging, meticulous, and bracing account of recent U.S. financial history within the context of previous showdowns between American democracy and Big Finance: from Thomas Jefferson to Andrew Jackson, from Theodore Roosevelt to Franklin Delano Roosevelt. They convincingly show why our future is imperiled by the ideology of finance (finance is good, unregulated finance is better, unfettered finance run amok is best) and by Wall Street’s political control of government policy pertaining to it. As the authors insist, the choice that America faces is stark: whether Washington will accede to the vested interests of an unbridled financial sector that runs up profits in good years and dumps its losses on taxpayers in lean years, or reform through stringent regulation the banking system as first and foremost an engine of economic growth. To restore health and balance to our economy, Johnson and Kwak make a radical yet feasible and focused proposal: reconfigure the megabanks to be “small enough to fail.” Lucid, authoritative, crucial for its timeliness, 13 Bankers is certain to be one of the most discussed and debated books of 2010.

    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.

    Busy people fail to manage their time efficiently for the same reasons the poor and those maxed out on credit cards fail to manage their money. The dynamics of scarcity reveal why dieters find it hard to resist temptation, why students and busy executives mismanage their time, and why sugarcane farmers are smarter after harvest than before. Once we start thinking in terms of scarcity and the strategies it imposes, the problems of modern life come into sharper focus.Mullainathan and Shafir discuss how scarcity affects our daily lives, recounting anecdotes of their own foibles and making surprising connections that bring this research alive. Their book provides a new way of understanding why the poor stay poor and the busy stay busy, and it reveals not only how scarcity leads us astray but also how individuals and organizations can better manage scarcity for greater satisfaction and success.http://us.macmillan.com/scarcity/Send...

    It is also defined by progressive and liberal young Indians, who vote beyond the constraints of identity, and paradoxically, by an unchecked population explosion and rising crimes against women. Is it, though?In 2020, the annual population growth was down to under 1 per cent. Only thirty-one of hundred Indians live in a city today and just 5 per cent live outside the city of their birth.As recently as 2016, only 4 per cent of young, married respondents in a survey said their spouse belonged to a different caste group. Over 45 per cent of voters said in a pre-2014 election survey that it was important to them that a candidate of their own caste wins elections in their constituency. A large share of reported sexual assaults across India are actually consensual relationships criminalised by parents. And staggeringly, spending more than Rs 8,500 a month puts you in the top 5 per cent of urban India.In Whole Numbers and Half Truths, data-journalism pioneer Rukmini S. draws on nearly two decades of on-ground reporting experience to piece together a picture that looks nothing like the one you might expect. There is a mountain of data available on India, but it remains opaque, hard to access and harder yet to read, and it does not inform public conversation. Rukmini marshals this information—some of it never before reported—alongside probing interviews with experts and ordinary citizens, to see what the numbers can tell us about India. As she interrogates how data works, and how the push and pull of social and political forces affect it, she creates a blueprint to understand the changes of the last few years and the ones to come—a toolkit for India.This is a timely and wholly original intervention in the conversation on data, and with it, India.

    Traversing the country, he encounters a pompous Western businessman swindling his way to millions, a local vendor with a flair for painting nudes, and long ago legends of a western circus. Sensitively written and expertly researched, Greetings from Myanmar: Exploring the Price of Progress in One of the Last Countries on Earth to Open for Business is the story of a flourishing nation still very much in limbo and an answer to the hard questions that arise when tourism not only charts, but shapes a place as well.

    Graphs are not included, but both the graphs and the concepts behind them are explained; only basic math is included, and you can even skim over the math and still come away with an understanding of the concepts; statistics is not included at all.BASIC ECONOMICS FOR STUDENTS AND NON-STUDENTS ALIKE is an easy way to learn concepts relating to economics and the economy. It is a product of thousands of hours spent online, teaching basic concepts in economics to hundreds of students worldwide over the course of the past several years. From back and forth communications, I have discovered the explanations for the concepts that students find easiest to understand, as well as the areas that most often get misunderstood and under-emphasized.I have worked with students located throughout the United States and from many different countries, on six different continents; students from many different school systems with different points of emphasis; students with different levels of knowledge, different backgrounds, and different levels of interest in the subject. I have received numerous comments and testimonials regarding the teaching methods that I incorporate in BASIC ECONOMICS FOR STUDENTS AND NON-STUDENTS ALIKE.The subject matter included in BASIC ECONOMICS FOR STUDENTS AND NON-STUDENTS ALIKE comes from a compilation of many different textbooks at the introductory and intermediate levels. My goal was to include every subject in economics that normally will be found in an introductory level textbook of economics, microeconomics, or macroeconomics. Since different school systems, different classroom instructors, and different textbooks cover a slightly different combination of topics, BASIC ECONOMICS FOR STUDENTS AND NON-STUDENTS ALIKE is a little more comprehensive than most single introductory textbooks of economics. Some of the topics will be found in introductory classes in some schools, but in intermediate-level classes in other schools.

    Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. The crash, when it comes, will have no firebreaks. A quarter century of free-market zealotry that extolled asset stripping, abusive lending, and hedge fund secrecy will come crashing down with it.The Trillion Dollar Meltdown explains how we got here, and what is about to happen. After the crash our priorities will be quite different. But things are likely to get worse before they better. Whether you are an active investor, a homeowner, or a contributor to your 401(k) plan, The Trillion Dollar Meltdown will be indispensable to understanding the gross excess that has put the world economy on the brink--and what the new landscape will look like.

    Wealthy, powerful, and potentially dangerous, hedge fund moguls have become the It Boys of twenty-first ­century capitalism. Ken Griffin of Citadel started out trading convertible bonds from his dorm room at Harvard. Julian Robertson staffed his hedge fund with college athletes half his age, then he flew them to various retreats in the Rockies and raced them up the mountains. Paul Tudor Jones posed for a magazine photograph next to a killer shark and happily declared that a 1929-style crash would be "total rock-and-roll" for him. Michael Steinhardt was capable of reducing underlings to sobs. "All I want to do is kill myself," one said. "Can I watch?" Steinhardt responded. Finance professors have long argued that beating the market is impossible, and yet drawing on insights from physics, economics, and psychology, these titans have cracked the market's mysteries and gone on to earn fortunes. Their innovation has transformed the world, spawning new markets in exotic financial instruments and rewriting the rules of capitalism. More than just a history, More Money Than God is a window on tomorrow's financial system. Hedge funds have been left for dead after past financial panics: After the stock market rout of the early 1970s, after the bond market bloodbath of 1994, after the collapse of Long Term Capital Management in 1998, and yet again after the dot-com crash in 2000. Each time, hedge funds have proved to be survivors, and it would be wrong to bet against them now. Banks such as CitiGroup, brokers such as Bear Stearns and Lehman Brothers, home lenders such as Fannie Mae and Freddie Mac, insurers such as AIG, and money market funds run by giants such as Fidelity-all have failed or been bailed out. But the hedge fund industry has survived the test of 2008 far better than its rivals. The future of finance lies in the history of hedge funds.

    The Making of Exile hopes to redress this, by turning a spotlight on the specific narratives of the Sindhi Hindu community. Post-Partition, Sindh was relatively free of the inter-communal violence witnessed in Punjab, Bengal and other parts of north India. Consequently, in the first few months of Pakistan's early life, Sindhi Hindus did not migrate and remained the most significant minority in West Pakistan. Starting with the announcement of the Partition of India, The Making of Exile firmly traces the experiences of the community - that went from being a small but powerful minority to becoming the target of communal discrimination, practiced by both the state as well as sections of Pakistani society. This climate of communal antipathy threw into sharp relief the help and sympathy extended to Sindhi Hindus by other Pakistani Muslims, both Sindhi and muhajir. Finally, it was when they became victims of the Karachi pogrom of January 1948 that Sindhi Hindus felt compelled to migrate to India.The second segment of the book examines the resettlement of the community in India - their first brush with squalid refugee camps, their struggle to make sense of rapidly changing governmental policies and the spirit of determination and enterprise with which they rehabilitated themselves in their new homeland. Yet, not all Sindhi Hindus chose to migrate and the specific challenges of those who stayed on in Sindh, as well as the difficulties faced by Sindhi Muslims after the formation of Pakistan, have been sensitively documented in the final chapters. Weaving in a variety of narratives - diary entries and memoirs, press reportage, letters to editors and, advertisements, legends and poetry, dozens of interviews and a wealth of academic literature - Nandita Bhavnani's The Making of Exile is one of the most comprehensive and multifaceted studies of the Sindhi experience of Partition.

    He penetrated deep into the world of Hindutva and uncovered a hate-filled universe, where stories of rape and murder are exchanged over a cup of tea. Each time, he returned with reports that shook the country to its core. Equipped with cameras small enough to be clipped to a button on his shirt, Khetan secretly filmed men close to the corridors of power, or indeed in them, admitting to mind-numbing venality during the Gujarat riots of 2002. The men he filmed said the riots could not have happened without the implicit, sometimes explicit, support of the state government. His investigations led to the conviction of Babu Bajrangi, his close aides and Maya Kodnani, and in the Best Bakery case, he proved that the defence had bribed Zahira Sheikh to turn hostile.One of India’s leading investigative journalists, Khetan has broken some of the biggest stories of the last twenty years, but the time he spent in Gujarat, especially a gruelling six-month spell in 2007, left gaping emotional wounds. As he recounts the course of the three investigations, and the long, frustrating legal processes that followed, Khetan fills in the gaps in the Gujarat-model narrative. He also reminds us that this is not the story of something that happened nearly two decades ago—it is a portrait of the present and future of India. The Gujarat playbook is now the India playbook.

    The heartbreaking story of Kashmir has so far been told through the prism of the brutality of the Indian state, and the pro-independence demands of separatists. But there is another part of the story that has remained unrecorded and buried. Our Moon Has Blood Clots is the unspoken chapter in the story of Kashmir, in which it was purged of the Kashmiri Pandit community in a violent ethnic cleansing backed by Islamist militants. Hundreds of people were tortured and killed, and about 3,50,000 Kashmiri Pandits were forced to leave their homes and spend the rest of their lives in exile in their own country. Rahul Pandita has written a deeply personal, powerful and unforgettable story of history, home and loss.

    In it, economic expert and bestselling author of Crash Proof, Peter Schiff teams up with his brother Andrew to apply their signature "take no prisoners" logic to expose the glaring fallacies that have become so ingrained in our country’s economic conversation.Inspired by How an Economy Grows and Why It Doesn’t—a previously published book by the Schiffs’ father Irwin, a widely published economist and activist—How an Economy Grows and Why It Crashes incorporates the spirit of the original while tackling the latest economic issues.With wit and humor, the Schiffs explain the roots of economic growth, the uses of capital, the destructive nature of consumer credit, the source of inflation, the importance of trade, savings, and risk, and many other topical principles of economics.The tales told here may appear simple of the surface, but they will leave you with a powerful understanding of How an Economy Grows and Why it Crashes.

    To understand how millions of people have moved-from, to and within India-the book embarks on a journey laced with evidence, argument and wit, providing insights into topics like the slave trade and migration of workers, travelling business communities such as the Marwaris, Gujaratis and Chettiars, refugee crises and the roots of contemporary mass migration from Bihar and Kerala, covering terrain that often includes diverse items such as mangoes, dosas and pressure cookers.India Moving shows the scale and variety of Indian migration and argues that greater mobility is a prerequisite for maintaining the country's pluralistic traditions.

    Sachs-one of the world's most respected economists and the author of The New York Times bestseller The End of Poverty- offers an urgent assessment of the environmental degradation, rapid population growth, and extreme poverty that threaten global peace and prosperity. Through crystalline examination of hard facts, Sachs predicts the cascade of crises that awaits this crowded planet-and presents a program of sustainable development and international cooperation that will correct this dangerous course. Few luminaries anywhere on the planet are as schooled in this daunting subject as Sachs, and this is the vital product of his experience and wisdom.

    If you steal 55,000 crores then you get to stay in a 40-foot cell which has four split units, internet, fax, mobile phones and a staff of 10 to clean your shoes and cook your food (in case it is not being delivered from Hyatt that particular day).’They say that prison can be a great leveler – but does this apply if you are a VIP inmate in an Indian prison? Maybe not.Based on extensive first-hand interviews with some of India’s most well-known inmates, award-winning journalist Sunetra Choudhury gives you a peek into the VIP prison life. It includes some interesting anecdotes about the lives of the rich and powerful prisoners: What does Peter Mukherjea do all day in his 4 x 4 cell in Arthur Road Jail? How does a 70-year-old Doon school alumnus who has spent more than 7 years in jail find a will to continue petitioning the state and fight his cases? Who came to visit Amar Singh during those 4 fateful days and why this scarred him and his wife for life, determining his future friends and allies?Apart from certain depictions in popular culture or the occasional news reports, there is little information about how rules are bent and law takes a backseat when it comes to people like Sanjeev Nanda, Vikas and Vishal Yadav, Anca Varma and Manu Sharma, who were given special benefits and often sent out on parole and furlough for their good behaviour.For the first time, India’s most famous prisoners share their own stories – from terror tales of ‘bladebaaz’ to torture chambers, from air conditioners in cells to food from five-star hotels, from cushy beds to private parties – and how they negotiate life in prison or the so-called ‘jail-ashram’.With unbelievable details of the life inside prison and the sorry state of hundreds of undertrials languishing in jails, this book questions the primary purpose of imprisonment – is it actually reform, punishment or just misusing the system we are a part of?