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.

    Bernard Haisch contends that there is a purpose and an underlying intelligence behind the Universe, one that is consistent with modern science, especially the Big Bang and evolution. It is based on recent discoveries that there are numerous coincidences and fine-tunings of the laws of nature that seem extraordinarily unlikely.A more rational concept of God is called for. As astrophysicist Sir James Jeans wrote, "the Universe begins to look more like a great thought than like a great machine."Despite bestsellers by Christopher Hitchens, Richard Dawkins, and Sam Harris that have denounced the evils of religion and proclaimed that science has shown that there is no God, The Purpose-Guided Universe shows how one can believe in God and science.

    This book investigates all three and presents startling evidence that will challenge cultural and moral perceptions as never before.

      In the constellation of Eridanus, there lurks a cosmic mystery: It’s as if something has taken a huge bite out of the universe. But what is the culprit? The hole in the universe is just one of many puzzles keeping cosmologists busy. Supermassive black holes, bubbles of nothingness gobbling up space, monster universes swallowing others—these and many other bizarre ideas are being pursued by scientists. Due to breathtaking progress in astronomy, the history of our universe is now better understood than the history of our own planet. But these advances have uncovered some startling riddles. In this electrifying new book, renowned cosmologist and author Paul Davies lucidly explains what we know about the cosmos and its enigmas, exploring the tantalizing—and sometimes terrifying—possibilities that lie before us. As Davies guides us through the audacious research offering mind-bending solutions to these and other mysteries, he leads us up to the greatest outstanding conundrum of all: Why does the universe even exist in the first place? And how did a system of mindless, purposeless particles manage to bring forth conscious, thinking beings? Filled with wit and wonder, What’s Eating the Universe? is a dazzling tour of cosmic questions, sure to entertain, enchant, and inspire us all.

    Reviled by many, heroes to others, these layabouts stretch and yawn while the rest of society worries and sweats. Whenever the world of labor changes in significant ways, the pulpits, politicians, and pedagogues ring with exhortations of the value of work, and the slackers answer with a strenuous call of their own: "To do nothing," as Oscar Wilde said, "is the most difficult thing in the world." From Benjamin Franklin's "air baths" to Jack Kerouac's "dharma bums," Generation-X slackers, and beyond, anti-work-ethic proponents have held a central place in modern culture.Moving with verve and wit through a series of fascinating case studies that illuminate the changing place of leisure in the American republic, "Doing Nothing "revises the way we understand slackers and work itself.

    And one of the things we are most curious about is how we came to be who we are--how we evolved over millions of years to become creatures capable of inquiring into our own evolution.In this lively and readable introduction, renowned anthropologist Ian Tattersall thoroughly examines both fossil and archaeological records to trace human evolution from the earliest beginnings of our zoological family, Hominidae, through the appearance of Homo sapiens to the AgriculturalRevolution. He begins with an accessible overview of evolutionary theory and then explores the major turning points in human evolution: the emergence of the genus Homo, the advantages of bipedalism, the birth of the big brain and symbolic thinking, Paleolithic and Neolithic tool making, and finallythe enormously consequential shift from hunter-gatherer to agricultural societies 10,000 years ago. Focusing particularly on the pattern of events and innovations in human biological and cultural evolution, Tattersall offers illuminating commentary on a wide range of topics, including the earliestknown artistic expressions, ancient burial rites, the beginnings of language, the likely causes of Neanderthal extinction, the relationship between agriculture and Christianity, and the still unsolved mysteries of human consciousness.Complemented by a wealth of illustrations and written with the grace and accessibility for which Tattersall is widely admire, The World from Beginnings to 4000 BCE invites us to take a closer look at the strange and distant beings who, over the course of millions of years, would become us.

    Nowhere else will you find a more dramatic and convincing presentation of the evidence for its archaeologicalreality. The book uncovers the scientific genius of the ancients and the spiritual power of their mysterious religion. They are revealed as the inventors of a crystal technology to surpass our own, and the master builders of pyramidal monuments around the world. The cultural heritage of Atlantis in the civilizations of pharaonic Egypt, Bronze Age Europe, Maya Mexico and Inca Peru is clearly described. The doomed capital comes alive in a vivid recreation of its heyday of cultural splendour andimperial might. Within the pages of Atlantis and Other Lost Worlds you will also find the answers to many questions, including: - What is the most likely location of Atlantis?- How and when was Atlantis destroyed?- Has Japan's leading geologist found the sunken 'citadel' of Lemuria?- Have Russian oceanographers found the ruins of Atlantis?- What are the disturbing parallels between Atlantis and our time? Atlantis and Other Lost Worlds opens a new window on the ancient past, offering views of Atlantis and its kindred civilizations never seen before.

    It's going to be a lot harder than you think to pick out the BS. Each entry hides one well-crafted fib among a pair of unbelievable truths. And it's up to you to figure out what's fascinating and what's fabricated on everything from koala bears to Confucius to high-fructose corn syrup.Was Cleopatra the last Egyptian pharaoh?Can you really make diamonds out of tequila?Is the platypus actually poisonous?A flip of the page reveals whether you're right or wrong as well as more information on the true trivia—and why you might've fallen for the fake fact. You'll really need to know your sh*t if you plan on correctly calling bullsh*t.

    . . [a] powerful book." -- New York Times One of the last secrets of World War II is why the Germans failed to build an atomic bomb. Germany was the birthplace of modern physics; it possessed the raw materials and the industrial base; and it commanded key intellectual resources. What happened? In Heisenberg's War, Thomas Powers tells of the interplay between science and espionage, morality and military necessity, and paranoia and cool logic that marked the German bomb program and the Allied response to it. On the basis of dozens of interviews and years of intensive research, Powers concludes that Werner Heisenberg, who was the leading figure in the German atomic effort, consciously obstructed the development of the bomb and in a famous 1941 meeting in Copenhagen with his former mentor Neils Bohr in effect sought to dissuade the Allies from their pursuit of the bomb. Heisenberg's War is a "superbly researched and well-written book" (Time) whose extraordinary story engrosses-and haunts.

    From the Middle Ages onwards the island of Britain has been shaped by the unique dynamic between Edinburgh and London, exchanging inhabitants, monarchs, money and ideas, sometimes in a spirit of friendship and at others in a spirit of murderous dislike.Tom Devine's seminal new book explores this extraordinary history in all its ambiguity, from the seventeenth century to the present. When not undermining each other with invading armies, both Scotland and England have broadly benefitted from each other's presence - indeed for long periods of time nobody questioned the union which joined them. But as Devine makes clear, it has for the most part been a relationship based on consent, not force, on mutual advantage, rather than antagonism - and it has always held the possibility of a political parting of the ways.With the United Kingdom under a level of scrutiny unmatched since the eighteenth century Independence or Union is the essential guide.

    Despite the death of Richard III and Henry VII's victory, it continued underground into the following century with plots, pretenders and subterfuge by the ousted white rose faction. Here, Desmond Seward reviews the story of the Tudors' seizure of the throne.

    Sound familiar?"(Fritz Lanham, Houston Chronicle) Just as we do today, Americans of the 1890s faced changes in economics, politics, society, and technology that led to wrenching and sometimes violent tensions between rich and poor, capital and labor, white and black, East and West. In The Reckless Decade, H. W. Brands demonstrates that we can learn a lot about the contradictions that lie at the heart of America today by looking at them through the lens of the 1890s. The 1890s saw the closing of the American frontier and a shift toward imperialist ambitions. Populists and muckrakers grappled with robber barons and gold-bugs. Americans addressed the unfinished business of Reconstruction by separating blacks and whites. Booker T. Washington, W. E. B. Du Bois, and other black leaders clashed over the proper response to continuing racial inequality. Those on top of the economic heap—Rockefeller, Carnegie, and Morgan—created vast empires of wealth, while those at the bottom worked for dimes a day. Brands brings all this to life in a vivid narrative filled with larger-than-life characters facing momentous challenges as they worked toward an uncertain future.

    A few highlights:"The Pigeon Man from Manhattan" Legendary inventor Nikola Tesla had abnormally long thumbs, a peculiar love of pigeons, and a horror of women's pearls."The Worm Man from Devonshire" Forefather of modern electric-circuit design Oliver Heaviside furnished his home with granite blocks and sometimes consumed only milk for days (as did Nikola Tesla and Thomas Edison)."The Rabbit-Eater from Lichfield" Renowned scholar Samuel Johnson had so many tics and quirks that some mistook him for an idiot. In fact, his behavior matches modern definitions of obsessive-compulsive disorder and Tourette's syndrome.Pickover also addresses many provocative topics: the link between genius and madness, the role the brain plays in alien abduction and religious experiences, UFOs, cryonics -- even the whereabouts of Einstein's brain!

    Covering Sid's early years in South Africa and life as a ladies' hairdresser, his obsession with gambling and women, his questioning by Scotland Yard in a murder case, Hancock's Half Hour and the Carry On films, and Sid's death on stage at the age of 63, Cliff Goodwin reveals the amazing truth behing the legend.

    Anticipation of the rare celestial event sparked a worldwide competition among aspiring global superpowers, each sending their own scientific expeditions to far-flung destinations to time the planet’s trek. These pioneers used the “Venus Transit” to discover the physical dimensions of the solar system and refine the methods of discovering longitude at sea. In this fast-paced narrative, Mark Anderson reveals the stories of three Venus Transit voyages--to the heart of the Arctic, the New World, and the Pacific—that risked every mortal peril of a candlelit age. With time running out, each expedition struggles to reach its destination—a quest that races to an unforgettable climax on a momentous summer day when the universe suddenly became much larger than anyone had dared to imagine.The Day the World Discovered the Sun tells an epic story of the enduring human desire to understand our place in the universe.