Now the retail banking business model looks set to be transformed too. In Bye Bye Banks? James Haycock and Shane Richmond describe these startups, and to which areas of the banking industry they are laying siege. It shows that this assault is already well underway and that many incumbents are poised to be displaced, diminished and disintermediated. It draws on extensive research and on-and-off the record interviews with senior executives in some of the biggest banks. Haycock and Richmond conclude with the recommendation that traditional banks need to reinvent themselves by launching a ‘Beta Bank’: a lean, stand-alone organisation fit for the future for which they provide a ten-point operating model. This short book is a bold, urgent and timely analysis of the forces shaping the future of financial services. Its message to industry leaders in the sector could not be more simple: adapt or prepare to be disrupted. “This work accurately and concisely captures the effects of the disruption brought to the banking industry by the digital revolution. The comments by other banking and innovation professionals about their own experiences are particularly intriguing.” - Alessandro Hatami, former Innovation Executive at Lloyds Banking Group “James Haycock is a key voice for how the banking industry should and will change.” - Tom Hopkins, Product Innovation Director, Experian Consumer Services “If you are an incumbent retail bank, read it, get on with it, make it happen.” - Lee Sankey, former Group Design Director, Barclays

    

    Yet until now there has been no comprehensive text that incorporates the huge strides made in the subject over the past decade. Development Economics does precisely that in a clear, rigorous, and elegant fashion.Debraj Ray, one of the most accomplished theorists in development economics today, presents in this book a synthesis of recent and older literature in the field and raises important questions that will help to set the agenda for future research. He covers such vital subjects as theories of economic growth, economic inequality, poverty and undernutrition, population growth, trade policy, and the markets for land, labor, and credit. A common point of view underlies the treatment of these subjects: that much of the development process can be understood by studying factors that impede the efficient and equitable functioning of markets. Diverse topics such as the new growth theory, moral hazard in land contracts, information-based theories of credit markets, and the macroeconomic implications of economic inequality come under this common methodological umbrella.The book takes the position that there is no single cause for economic progress, but that a combination of factors--among them the improvement of physical and human capital, the reduction of inequality, and institutions that enable the background flow of information essential to market performance--consistently favor development. Ray supports his arguments throughout with examples from around the world. The book assumes a knowledge of only introductory economics and explains sophisticated concepts in simple, direct language, keeping the use of mathematics to a minimum.Development Economics will be the definitive textbook in this subject for years to come. It will prove useful to researchers by showing intriguing connections among a wide variety of subjects that are rarely discussed together in the same book. And it will be an important resource for policy-makers, who increasingly find themselves dealing with complex issues of growth, inequality, poverty, and social welfare.If you are instructor in a course that uses Development Economics and wish to have access to the end-of-chapter problems in Development Economics, please e-mail the author at debraj.ray@nyu.edu. For more information, please go to http: //www.econ.nyu.edu/user/debraj. If you are a student in the course, please do not contact the author. Please request your instructor to do so.

     Every morning on CNBC's top-rated show "Squawk Box," Joe Kernen asks tough questions. And at home he does the same with his ten-year- old daughter, Blake. What are you learning in school? What TV shows do you like? What message did you get from that movie? Your teacher said what?! Blake's unsettling responses-including that no matter how bad things get, "the government will take care of us"-aren't surprising in an era when Washington takes over car companies, nationalizes banks, and spends a trillion dollars "stimulating" the economy. Something had to be done to teach Blake the value of capitalism. Kernen shows that American culture is now so hostile to free markets that even animated movies are hard to tell from propaganda; grocery stores are billboards for the virtues of preindustrial food; and classrooms do a better job teaching economic misinformation that arithmetic. To Kernen, this isn't just wrong, it's practically criminal. An unapologetic cheerleader for the free enterprise system, he teaches Blake that it's not only the world's greatest engine for prosperity, but also essential for human freedom. As he tries to raise his children properly, even if he has to teach the basics himself, Kernen will have every conservative parent in America cheering him on.

    Where the city’s most infamous open-air drug market once stood, a farmers’ market now sells grass-fed beef and homemade duck egg ravioli. On the corner where AM.PM carryout used to dish out soul food, a new establishment markets its $28 foie gras burger. Shaw is experiencing a dramatic transformation, from “ghetto” to “gilded ghetto,” where white newcomers are rehabbing homes, developing dog parks, and paving the way for a third wave coffee shop on nearly every block.Race, Class, and Politics in the Cappuccino City is an in-depth ethnography of this gilded ghetto. Derek S. Hyra captures here a quickly gentrifying space in which long-time black residents are joined, and variously displaced, by an influx of young, white, relatively wealthy, and/or gay professionals who, in part as a result of global economic forces and the recent development of central business districts, have returned to the cities earlier generations fled decades ago. As a result, America is witnessing the emergence of what Hyra calls “cappuccino cities.” A cappuccino has essentially the same ingredients as a cup of coffee with milk, but is considered upscale, and is double the price. In Hyra’s cappuccino city, the black inner-city neighborhood undergoes enormous transformations and becomes racially “lighter” and more expensive by the year.

    The authors retain their modern approach to finance, but have distilled the subject down to the essential topics in 18 chapters. They believe that understanding the "why" is just as important, if not more so, than understanding the "how," especially in an introductory course. Three basic themes emerge as their central focus: 1. An emphasis on intuition--separate and explain the principles at work on a common sense, intuitive level before launching into specifics. Underlying ideas are discussed first in general terms, then followed by specific examples that illustrate in more concrete terms how a financial manager might proceed in a given situation.2. A unified valuation approach--Net Present Value is treated as the basic concept underlying corporate finance. Every subject the authors cover is firmly rooted in valuation, and care is taken to explain how decisions have valuation effects.3. A managerial focus--Students learn that financial management concerns management. The role of financial manager as decision maker is emphasized and they stress the need for managerial input and judgment.

    When this investors’ darling was exposed as a house of cards, tales of fraudulent accounting, a lavish lifestyle involving multimillion-rand racehorses and ructions in the ‘Stellenbosch mafia’ made headlines around the world. As regulators tally up the cost, 'Financial Mail' editor Rob Rose reveals the real inside story behind Steinhoff. Based on dozens of interviews with key players in South Africa, the UK, Germany and the Netherlands – and documents not yet public – Steinheist reveals: how Bruno Steinhoff formed the company by doing business in the Communist bloc and apartheid South Africa; how the ‘Markus myth’ started in the dusty streets of Ga-Rankuwa and grew thanks to a ‘bit of luck’ in a 1998 takeover; how Jooste insiders shifted nasty liabilities off Steinhoff’s balance sheet to secretive companies overseas in order to present a false picture of the profits; how Wiese was lucky to lose only R59bn and how Shoprite narrowly escaped getting caught in Steinhoff’s web; and what happened behind closed boardroom doors in the frantic week before Jooste resigned.

    'Guilty' he pronounced five times. The third most senior Catholic cleric in the world had been found guilty of sex crimes against children, bringing shame to the Church on a scale never seen before in its history. Investigative journalist Lucie Morris-Marr was the first to break the story that Cardinal George Pell was being investigated by the police. In this riveting dispatch, she recounts how the cleric was trailed by a cloud of scandal as he rose to the most senior ranks of the church in Australia, all the way to his appointment by Pope Francis to the position of treasurer in the Vatican.Despite anger and accusations, it seemed nothing could stop George Pell. Yet in 2017 he was charged by detectives, returning to Australia to face trial.Take a front row seat in court with the author as she reveals the many intriguing developments in the secret legal proceedings which the media could not report at the time. Fallen reveals the full story of the brutal battle waged by the prince of the church as he fought to clear his name, including a ferocious bid to be freed from jail. The author also shares her own compelling personal journey investigating the biggest story of her career and the frequent attacks she endured from powerful Pell supporters. This book also charts how Pell's shocking conviction plunged the Vatican into an unprecedented global crisis after decades of clergy abuse cases. It is a vitally important story that will fascinate anyone interested in the failure of the Catholic Church to address the canker in its heart.

    From basketball prodigy to international phenomenon to seductive commercial ideal, Michael Jordan is the supreme example of how American corporations have used technology in a brave, massively wired new world to sell their products in every corner of the globe. LaFeber's examination of Nike and its particular dominion over the global marketplace is often scathing, while his fascinating mini-biography of Michael Jordan and the commercial history of basketball reveal much about American society. For this new paperback edition, LaFeber has added a chapter on globalization in a changed world, after mass protests and since September 11. "Bold, riveting....Brilliantly illuminates how hyper-US capitalism has spread its financial wings around the globe."—Douglas Brinkley "LaFeber brings an impressive intellect to bear on his subject."—Barbara Rudolph, Chicago Tribune

     During a single historic weekend (September 12-14, 2008) the fate of Lehman Brothers was sealed, Merrill Lynch barely survived, and AIG became a ward of the federal government. Top CNBC anchor Maria Bartiromo spent the entire weekend taking frantic phone calls from the most powerful players on Wall Street and in Washington, as they toiled to keep the economy from complete collapse. Those CEOs and dozens of other sources gave Bartiromo behind-the-scenes details unavailable to other members of the media, of the crisis and its aftermath. Now she draws on her high-level network to provide an eyewitness account of the biggest events of the financial crisis including at length interviews with former treasury secretary Henry Paulson, former AIG chairman Hank Greenberg, former Merrill Lynch CEO John Thain, and JP Morgan CEO Jamie Dimon, among many others. Writing with both authority and dramatic flair, Bartiromo weaves a thrilling narrative that will make news. She also tackles the big questions: how did an unmatched period of market euphoria and growth turn sour, catapulting the economy into a dangerous slide? And in the long run, how will the near-catastrophe really change Wall Street?

    This comprehensive introduction to international political economy clearly shows students how politics and economics come together in today's global environment. The text demonstrates how an understanding of IPE can help students make sense of global news, business investments, and government policies - by presenting the theories, institutions, and relationships found in IPE in simple ways that retain the complexity of the world issues and intellectual problems addressed. *New - Revised chapters throughout - Takes into account the number of important IPE events, especially the growing discussion of and concern about economic globalization, the financial crises in Asia and elsewhere, and the advent of a single currency in Europe, the Euro. *New - A survey of four theoretical perspectives - Rational choice; feminist; green; and post-modern. - Provides students with theories that challenge and enrich the traditional study of IPE. *New - Coverage of global security structure (Ch. 9) - Uproots the discussion from the previous focus on the Cold War. - Asks students to consider security as a

    In every instance where government gets involved in people's lives with a desire to do good, it can always be relied on to make the situation much, much worse. Yet despite overwhelming evidence to the contrary, we imagine that a world without the state would be a wild and terrifying place. With wit and devastating clarity of argument, Frisby shows in this book that human nature proves the opposite to be true. Welcome to Life After the State. "Dominic Frisby has gone and done something extraordinary: written a page-turner on the economy. It's both readable and radical, a serious book that is, by turn, fascinating, alarming and contentious. At times, the book makes you want to shout its message from the rooftops; at others, it just makes you want to shout. Life after the State challenges so much of what we take for granted. It is a wake-up call for politicians, economists and us all, written with clarity, verve and, more than that, the restless passion of an intelligent, inquisitive malcontent. Read it." - James Harding, once editor of The Times now Director of BBC News and Current AffairsReviewThought-provoking and original, anyone concerned how big and bloated government has become must read this book. Dominic Frisby asks the kind of questions that those in Westminster need to start asking. - Douglas Carswell, MP We can't go on as we are. All politicians know that. But if they read Life After The State they might also start to understand what they might do about it. A must read for any thinking man or woman. - Merryn Somerset Webb, FT columnist and editor Moneyweek Magazine Things are so bad that in our time only a comedian can make sense of an economy based on printing money. Dominic Frisby's Life After the State is an accessible contemporary anarcho-capitalist critique of the mess we're in with pointers for our escape. - Guido Fawkes, political blogger It's incredibly readable and incredibly thought-provoking. - Al Murray, The Pub Landlord An entertaining cogent attack on state power, which should topple the centralist Trots once and for all. - Tom Hodgkinson, The IdlerAbout the AuthorDominic Frisby is now mostly a writer but has been a comedian, actor, voice-over artist, TV presenter, boxing ring announcer, florist, removal man, camp theatrical agent's PA, sports commentator and busker. The Guardian called his stand-up comedy 'viciously funny and inventive'.

    It was written in 1987, on the 200th anniversary of the Constitution, and is back in print for the first time. It is here that Dr. Paul provides his most extended thoughts on what it means to be a constitutionalist in the tradition of Thomas Jefferson. He connects violations of individual rights to an interventionist foreign policy and the supposed needs of national security. Here he blasts the draft and draft registration, impositions on the right of individuals to own guns, restrictions on the freedom to speak and write, and draws out the links between all these policies. Paul further discusses the tie between individual liberties and sound money. When a nation's money is controlled by the people instead of the state, they retain their essential freedoms. But when money is monopolized by government with no tie to a commodity, the state is in a position to ride roughshod over our liberties. Other issues discussed include the true meaning of patriotism, the moral law as it applies to politics, the meaning of leadership in a free society, the nature of the state in light of his experiences in Washington, and the historic and ever-lasting conflict between the individual and the state.

    Professor Betts examines the arguments about what political, economic, social and military factors tend to cause war and whether such causes can be made obsolete.

    With this book, rational choice theory can be integrated into undergraduate courses throughout the discipline. Based on Professor Shepsle's popular course at Harvard, Analyzing Politics is not only an ideal text for courses in theory, methods, or introduction to political science, but also a handy supplement in courses of public policy, Congress, political parties, or any course that emphasizes rational choice analysis. Analyzing Politics provides the clear, thorough, and jargon-free introduction to rational choice theory never before available to undergraduates.