If you have not yet bought the original copy, make sure to purchase it before buying this unofficial summary from aBookaDay. SPECIAL OFFER $2.99 (Regularly priced: $3.99) OVERVIEW This review of The Big Short: Inside the Doomsday Machine by Michael Lewis provides a chapter by chapter detailed summary followed by an analysis and critique of the strengths and weaknesses of the book. The main theme explored in the book is how corruption and greed in Wall Street caused the crash of the subprime mortgage market in 2008. Despite being completely preventable, the big firms in Wall Street chose to ignore the oncoming fall in favor of making money. Michael Lewis introduces characters—men outside of the Wall Street machine—who foresaw the crisis and, through several different techniques, were able to predict how and when the market would fall. Lewis portrays these men—Steve Eisman, Mike Burry, Charlie Ledley, and Jamie Mai—as the underdogs, who were able to understand and act upon the obvious weaknesses in the subprime market. Lewis’s overall point is to demonstrate how the Wall Street firms were manipulating the market. They used loans to cash in on the desperation of middle-to-lower class Americans, and then ultimately relied on the government to bail them out when the loans were defaulted. Using anecdotes and interviews from the men who were involved first-hand, the author makes the case that Wall Street, and how they conducted business in regards to the subprime mortgage market, is truly corrupt beyond repair, and the men he profiles in this novel were trying to make the best out of a bad situation. By having the words from the sources themselves, this demonstrates Lewis’s search for the truth behind what actually happened. Ultimately, we as an audience can not be sure if the intentions of these underdogs were truly good, but Lewis does an admirable job presenting as many sides to the story as possible. The central thesis of the work is that the subprime mortgage crisis was caused by Wall Street firms pushing fraudulent loans upon middle-to-lower class Americans that they would essentially not be able to afford. Several people outside of Wall Street were able to predict a crash in the market when these loans would be defaulted on, and bought insurance to bet against the market (essentially, buying short). Over a time period from roughly 2005-2008, the market crashed and huge banks and firms lost billions of dollars, filed for bankruptcy, or were bailed out by the government. These men, the characters of Lewis’s novel, were able to bet against the loans and made huge amounts of money, but it was not quite an easy journey. Michael Lewis is a non-fiction author and financial journalist. He has written several novels—notably Liar’s Poker in 1989, Moneyball in 2003, and The Blind Side in 2006. Born in New Orleans, he attended Princeton University, receiving a BA degree in Art History. After attending London School of Economics and receiving his masters there, he was hired by Salomon Brothers where he experienced much about what he wrote about in Liar’s Poker. He is currently married, with three children and lives in Berkeley, California. SUMMARY PROLOGUE: POLTERGEIST Michael Lewis begins his tale of the remarkable—and strange—men who predicted the immense fall of the housing market by immediately exposing himself as the exact opposite type of person from them. He explains to the reader that he has no background in accounting, business, or money managing.

    Yet with Mark Podolsky’s tried-and-true technique of raw land investment, you can become Dirt Rich without ever having to battle with a tenant, toilet, or termite. In this step-by-step guide, Mark breaks down his “ultimate subscription model” for creating passive income through the niche of raw land investment. Featuring details on common pitfalls, tips on cultivating an investor’s mind, and advice on working smart instead of hard, this handbook will show you how to obtain a life of fiscal independence, with the flexibility to work where you want, when you want, and with whom you want. Financial freedom is within your reach. It’s time to make your dreams a reality by starting to think dirty.

    The Great Devaluation is about the imminent and future failure of the global monetary system. It covers the history of The Federal Reserve, how it was formed, why it was formed, and the secretive nature of the independent institution. The book also highlights how going off of the gold standard has facilitated the long-term devaluation of the US Dollar and has made the institution the most powerful in the world. The Great Devaluation makes the case that years of manipulation by central banks have led to distorted and negative interest rates around the globe that central banks are powerless to normalize. This reality, coupled with ongoing massive government debt and deficits, indicates that central bankers have lost control of the monetary system. The book will make the argument that the next recession will be the nail in the coffin for the Federal Reserve and the global monetary system as we know it. As this occurs and becomes more obvious, gold will explode higher in value in the coming years.The Great Devaluation highlights the major similarities between where we are today and where we were 90 years ago. It will examine the looming generational battle between Baby Boomers and Millennials and highlight how the next financial crisis will be a catalyst for a mindset shift away from monetary policies and more towards socialistic fiscal policies in the coming decades. The Great Devaluation warns readers and investors of the risks they are facing with the potential collapse of the US Dollar and the global monetary system. The book suggests that readers prepare in order to avoid the pain associated with the collapse of the US Dollar.

    Though no large financial institution has recently gone bust in this country, white-collar criminals, scam artists, Ponzi schemers and organized crime, from the Hells Angels to the Russian mafia, know that Canada is the place in the Western world to rip off investors. And the fraudsters do so with little fear of being caught and punished. Thieves of Bay Street investigates Canada's biggest financial scandals of recent years. Readers will learn what banks do with investors' money and what happens when they lose it. They will meet the bogus investment gurus, the brokers who lose money with both reckless abandon and impunity, the bankers who squander money in toxic investments, the lawyers who protect them and the regulators who do nothing to keep them from doing it again. And most importantly, they'll meet the victims who are demanding that our vaunted banking sector finally come clean on its dirtiest secret.

    It shows how the UN's Intergovernmental Panel on Climate Change is run by a small group of 'global warming' zealots, who have repeatedly rigged evidence to support their theory. But the politicians, pushed by the media, have so fallen for its propaganda that, short of dramatic change, our Western world now faces an unprecedented disaster.

    Since 1843, the Economist has been the single most devoted and influential champion of liberalism anywhere in the world. But what exactly is liberalism, and how has the liberal message evolved? Liberalism at Large presents a history of liberalism on the move, confronting the challenges that classical doctrine left unresolved: the rise of democracy, the expansion of empire, the ascendancy of finance. Today, neither economic crisis at home, nor permanent warfare abroad, has dimmed the Economist's belief in unfettered markets, limited government and a free hand for the West. Confidante to the powerful, emissary for the financial sector, portal onto international affairs, the bestselling news weekly shapes the world its readers--and the rest of us--inhabit. This is the first critical biography of one of the architects of a liberal world order now under increasing strain.

    In its name, wages have been frozen, benefits have been slashed and public spending squeezed. The pain of a financial crisis caused by bankers and speculators has been borne by ordinary people all over the country – and by the poor and disabled most of all.

    

    A biography of the Saudi Arabian king who ruled from 1964 until his assassination in 1975 and who became, during his reign, an important world leader through his control of his country's vast oil resources.

    Required reading, I would say, for anyone remotely considering getting involved in politics. [...] It will become course material for political science courses in this province." - Marilla Stephenson for The Chronicle-HeraldOn October 8, 2013, Nova Scotia’s NDP government went down to a devastating election defeat. Premier Darrell Dexter lost his own seat, and the party held the dubious distinction of being the first one-term majority government in over 100 years. In this new memoir, former NDP finance minister and MLA Graham Steele tries to make sense of the election result and shares what he’s learned from a fifteen-year career in provincial politics. In his trademark candid style, Steele pulls no punches in assessing what’s right—and what’s often wrong—with our current political system. Includes an insert of colour photographs and a foreword from CBC Information Morning host Don Connolly.

    Abdul Kalam.

    Together, we can and must act now' Al Gore, former Vice President of the United States 'Everyone's savings account and pension can meaningfully contribute. Ross tells us how in this clear, easy to understand yet transformative book' Christiana Figueres, Founding Partner, Global Optimism and Former Executive Secretary, United Nations Framework Convention on Climate Change 'I can't imagine a more important book at the moment. A detailed, action-oriented guide on how to make our money matter and save us and the planet we live on' Richard Curtis, Writer, Director, Co-Founder of Red Nose Day and UN Sustainable Development Goals Advocate Investing responsibly is one of the most powerful ways that you can fight climate change. No longer a niche sector for rebel fund managers, conscious investing has the potential to raise huge sums of money to the companies and organisations on the front line fighting the climate crisis and make investors positive returns in the process. In this essential introduction to green investing, Alice Ross shows you how you can turn your savings and pensions, however big or small, into a force for change. You will learn: - Which sectors are leading the charge by developing cutting-edge solutions; from smart farming to renewable energy- How to cut through 'alphabet soup' jargon and identify 'greenwashing' - The ways you can maximise your economic power and hold those you're investing in to account 'Changing the way that we invest is one of the most powerful levers we have for solving climate change. This hugely interesting and immensely practical book not only explains why changing how we invest is so critically important but also provides a set of powerful tools for actually doing it' Rebecca Henderson, John and Natty McArthur University Professor at Harvard University and author of Reimagining Capitalism 'Explains the power you have, through your investment choices, to accelerate the path toward a sustainable clean energy future. Read this book and be empowered to create a better future for the planet' Michael Mann, Distinguished Professor, Penn State University, author of The New Climate War

    The invitees were city's gentry - horse breeders, bourbon distillers, partners at big law firms, the state's governor, Matt Bevin, and its most powerful politician, Senate Majority Leader Mitch McConnell. One month later, the FBI revealed that it had reached the endgame of a sprawling investigation of large-scale corruption involving Adidas, Louisville and a host of other colleges, in which large payments were laundered from Adidas through a network of coaches and fixers to athletes and their families to induce them to go to Adidas-branded college programs. In short order, Hall of Fame basketball coach Rick Pitino (salary: $8 million) and athletic director Tom Jurich were fired, and fear and trembling swept through the world of bigtime college athletics. Because there is another shoe, as it were, and it will fall.In THE LAST TEMPTATION OF RICK PITINO, Michael Sokolove lifts the rug on the Louisville scandal and places it in the context of the much wider problem, the farce of amateurism in bigtime college sports. In a world in which even assistant coaches can make high-six and seven-figure salaries, as long as they keep the "elite" athletes coming in, shoe deals can reach into the nine figures, and everyone is getting rich but the players, can it be surprising that unscrupulous parties would pay athletes, creating in effect a black market in young men, a veritable underground railroad of talent?But a few bad apples are one thing. In THE LAST TEMPTATION OF RICK PITINO, Michael Sokolove shows an elaborate, systematic machine, involving hundreds of thousands of dollars in illicit payments and connecting at least one of the largest apparel companies in the world with schools across the country. The Louisville-Adidas scandal has revealed a web of conspiracy whose scope has shaken big-time college sports to its core, delivering a devastating blow to the fantasy of amateurism, of "scholar athletes." A Shakespearean drama of greed and desperation involving some of the biggest characters in the arena of sports, THE LAST TEMPTATION OF RICK PITINO will be the definitive chronicle of this scandal and its broader echoes.

    Nowhere is this more apparent than in Canada. The long-standing fights for aboriginal rights, the linguistic heritage of French-speaking Canadians, and same-sex marriage have steered the country into a full-blown “rights revolution” — one that is being watched carefully around the world. Are group rights jeopardizing individual rights? When everyone asserts his or her rights, what happens to collective responsibility? Can families survive and prosper when each member has rights? Is rights language empowering individuals while weakening community? These essays, taken from Michael Ignatieff's famous Massey Lectures, addresses these questions and more, arguing passionately for the Canadian approach to rights that emphasizes deliberation rather than confrontation, compromise rather than violence. In a new afterword, the author explores Canada’s political achievements and distinctive stance on rights, and offers penetrating commentary on more recent world events.

    The book traces her development from child activist who warned other children not to eat snow because it contained Strontium 90 to waitress and cook on Cape Breton Island to law student, lawyer, and environmentalist and finally to leader of the Green Party and first elected Green Party Member of Parliament. As a result of these disparate experiences, May has come to believe that Canada must strengthen its weakened democracy, return to its role as a world leader, develop a green economy, and take drastic action to address climate change. The book also sets out how these goals might be accomplished, incorporating the thoughts of such leaders and thinkers as Rachel Carson, Jim MacNeill, Joe Clark, Chris Turner, Andrew Nikiforuk, and Robert F. Kennedy. The result is a fascinating portrait of a remarkable woman and an urgent call to action.