economy and economies around the world. In this trenchant book, best-selling economist Robert Shiller reveals the origins of this crisis and puts forward bold measures to solve it. He calls for an aggressive response--a restructuring of the institutional foundations of the financial system that will not only allow people once again to buy and sell homes with confidence, but will create the conditions for greater prosperity in America and throughout the deeply interconnected world economy.Shiller blames the subprime crisis on the irrational exuberance that drove the economy's two most recent bubbles--in stocks in the 1990s and in housing between 2000 and 2007. He shows how these bubbles led to the dangerous overextension of credit now resulting in foreclosures, bankruptcies, and write-offs, as well as a global credit crunch. To restore confidence in the markets, Shiller argues, bailouts are needed in the short run. But he insists that these bailouts must be targeted at low-income victims of subprime deals. In the longer term, the subprime solution will require leaders to revamp the financial framework by deploying an ambitious package of initiatives to inhibit the formation of bubbles and limit risks, including better financial information; simplified legal contracts and regulations; expanded markets for managing risks; home equity insurance policies; income-linked home loans; and new measures to protect consumers against hidden inflationary effects.This powerful book is essential reading for anyone who wants to understand how we got into the subprime mess--and how we can get out.

    House of Representatives, 1989-2002 “Without question, the best 60 minutes you will spend on China.” - Jonathan Anderson, Emerging Markets Advisors This is the China book for everyone - whether an expert or novice. It can be read in an hour and gives you most of what you need to know about China business today - and its increasing impact on the rest of the world. This "speed-read" book is the distilled knowledge of two Peking University business professors with over 30 years of experience on the ground in China and the emerging markets. According to authors Jeffrey Towson and Jonathan Woetzel, "if we had the undivided attention of someone from Ohio, Brighton or Lima for just one hour, this little book is what we would say." Author Jonathan Woetzel is a senior partner of McKinsey & Company. He opened McKinsey's Shanghai location in 1995 and has been resident since then. He currently the global leader of its Cities Special Initiative and the Asia-based Director of the McKinsey Global Institute. He has led many of the Firm’s most significant projects in China including the first major international listing of a Chinese company and the development of the economic plans for the cities of Shanghai, Wuhan, Shenzhen, Xian and Harbin among others. He co-chairs the Urban China Initiative along with Tsinghua University and Columbia University to catalyze the next stage of China’s urbanization. Author Jeffrey Towson is a private equity investor, professor and best-selling author. His area of expertise is developing economy investing and cross-border strategies – primarily US-China deals in healthcare and consumer products. He was previously Head of Direct Investments for Middle East North Africa and Asia Pacific for Prince Alwaleed, nicknamed by Time magazine the “Arabian Warren Buffett” and arguably the world’s first private global investor.

    It has the apparatus of a great scholarly work but the drama of a classic novel. Ludwig von Mises’s colleagues in Europe called him the “last knight of liberalism” because he was the champion of an ideal of liberty they consider dead and gone in an age of central planning and socialism of all varieties. During his lifetime, they were largely correct. And thus the subtitle of this book. But he was not deterred in any respect: not in his scientific work, not in his writing or publishing, and not in his relentless fight against every form of statism. Born in 1881, he taught in Europe and the Americas during his century, and died in 1973 before the dawn of a new epoch that would validate his life and ideals in the minds of millions of people around the world. The last knight of liberalism triumphed.

    Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers?According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above-and more. Many devils helped bring hell to the economy. And the full story, in all of its complexity and detail, is like the legend of the blind men and the elephant. Almost everyone has missed the big picture. Almost no one has put all the pieces together.All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature.Among the devils you'll meet in vivid detail:• Angelo Mozilo, the CEO of Countrywide, who dreamed of spreading homeownership to the masses, only to succumb to the peer pressure-and the outsized profits-of the sleaziest subprime lending.• Roland Arnall, a respected philanthropist and diplomat, who made his fortune building Ameriquest, a subprime lending empire that relied on blatantly deceptive lending practices.• Hank Greenberg, who built AIG into a Rube Goldberg contraption with an undeserved triple-A rating, and who ran it so tightly that he was the only one who knew where all the bodies were buried.• Stan O'Neal of Merrill Lynch, aloof and suspicious, who suffered from "Goldman envy" and drove a proud old firm into the ground by promoting cronies and pushing out his smartest lieutenants.• Lloyd Blankfein, who helped turn Goldman Sachs from a culture that famously put clients first to one that made clients secondary to its own bottom line.• Franklin Raines of Fannie Mae, who (like his predecessors) bullied regulators into submission and let his firm drift away from its original, noble mission.• Brian Clarkson of Moody's, who aggressively pushed to increase his rating agency's market share and stock price, at the cost of its integrity.• Alan Greenspan, the legendary maestro of the Federal Reserve, who ignored the evidence of a growing housing bubble and turned a blind eye to the lending practices that ultimately brought down Wall Street-and inflicted enormous pain on the country.Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the meltdown and its consequences.

    To Alexander the Great, the country was a place of clever naked philosophers and massive armies mounted on elephants – which eventually forced his army to retreat. To ancient Rome, it was a source of luxuries, mainly spices and textiles, paid for in gold—hence the enormous numbers of Roman gold coins excavated in India. At the height of the Mughal empire in 1700, India boasted 24 percent of the world economy—a share virtually equal to Europe’s 25 percent. But then its economy declined. Colonial India was known for its extremes of wealth and poverty, epitomized by the Taj Mahal and famines, maharajas and untouchables, and also for its spirituality: many-armed Hindu gods and Buddhist philosophy, Mahatma Gandhi and Rabindranath Tagore.India: A Short History places as much emphasis on individuals, ideas and cultures as on the rise and fall of kingdoms, political parties and economies. Anyone curious about a great civilization, and its future, will find this an ideal introduction, at times controversial, written by an author who has been strongly engaged with India for more than three decades.

    This Very Short Introduction offers an indispensable starting point for anyone who needs to quickly know the themes and controversies that have shaped modern China. Prize-winning author and scholar Rana Mitter examines the modern history, politics, economy, and thriving cultural scene of contemporary China, and its relations with the wider world. This lively guide covers a range of social issues from the decline of footbinding and the position of women in society, to the influence of television and film, and the role of the overseas Chinese diaspora. It covers many prominent figures as well, such as the Communist leaders, the last emperors, and prominent writers and artists throughout China's history.About the Series: Combining authority with wit, accessibility, and style, Very Short Introductions offer an introduction to some of life's most interesting topics. Written by experts for the newcomer, they demonstrate the finest contemporary thinking about the central problems and issues in hundreds of key topics, from philosophy to Freud, quantum theory to Islam

    A fresh, bold interpretative survey, it focuses on the dynamic social forces underlying the Chinese Communists' rise in three short decades from obscurity to power.The author seeks above all to relate the events of this tumultuous period to certain tentative generalizations about the nature and course of the revolution. He is concerned less with the May Fourth Movement as such, for example, than with the revolution's intellectual origins, less with the Communist party's early political history than with the place of Marxist ideology in that history, less with the military aspects of the war of 1937-45 than with the influence of nationalism in the growing success of the Communists.An important part of the book deals with the various governmental and non-governmental attempt at reform during the Kuomintang era, which the author shows were too little too late to dam the swelling flood of revolution. The conclusion evaluates the crucial role of imperialism, the peasantry, and the army in the Chinese "formula" for revolution and re-examines the relationship between Marxism and the Chinese Revolution.

    While the most acute part of the economic crisis is past, the recession's most significant impact on American life still lies in the future. The personal, social, and cultural changes that result from severe economic shocks build and manifest themselves only slowly. But history shows us that, ultimately, shocks this severe profoundly alter the character of society. Don Peck’s Pinched, a fascinating and harrowing exploration of our dramatic economic climate, keenly observes how the recession has changed the places we live, the work we do, and even who we are—and details the transformations that are yet to come.  Every class and every generation will be affected: newly minted college graduates, blue-collar men, affluent professionals, exurban families, elite financiers, inner city youth, middle-class retirees.  This was not an ordinary recession, and ordinary responses will not fully end it. The crash has shifted the course of the economy.  In its aftermath, the middle class is shrinking faster, wealth is becoming more concentrated, twenty-somethings are sinking, and working-class families and communities are changing in unsavory ways. We sit today between two eras, buffeted, anxious, and uncertain of the future.  Through vivid reporting and lucid argument, Peck helps us make sense of how our society has changed, and why so many people are still struggling.  The answers to these questions reveal a new way forward for America.  The country has endured periods like this one before, and has emerged all the stronger from them; adaptation and reinvention have been perhaps the nation’s best and most enduring traits.  The time is ripe for another such reinvention.  Pinched lays out the principles and public actions that can help us pull it off.

     Beginning in what is now Kansas City he joined a caravan headed for Bent’s Fort in southeastern Colorado near the Spanish Peaks, which was known to the Native Americans as Wah-to-Yah. Just before Garrard had arrived in the southwest Charles Bent, who was the recently appointed Governor of the newly acquired New Mexico Territory, was scalped and killed by Pueblo warriors during the Taos Revolt. Garrard’s account is therefore a vivid first-hand account of the Taos Revolt and its aftermath. Through the course of Wah-to-yah and the Taos Trail Garrard explains how he came into contact with some of the most famous figures of western history, including Kit Carson, Jim Beckwourth, Ceran St. Vrain, George F. Ruxton, William Bent, and others. Scholars like Robert Gale have highlighted how the book provides “anthropologically accurate” descriptions of the Cheyenne Indians and other Native American tribes in the southwest of America. This book is essential reading for anyone interested in the history of the old west, for as the Pulitzer Prize winning author A. B. Guthrie Jr. stated, it is “the genuine article” and brilliantly depicts “the Indian, the trader, the mountain man, their dress, and behavior and speech and the country and climate they lived in.” Lewis Hector Garrard was the son of a prominent family from Cincinnati, Ohio. In 1846 he set out for a ten-month trip to the southwestern United States. While in Taos, Garrard attended the trial of some of the Mexicans and Pueblos who had revolted against U.S. rule of New Mexico, newly captured in the Mexican-American War. Garrard wrote the only eye witness account of the trial and hanging of six convicted men. His book Wah-to-Yah was first published in 1850 and he passed away in 1887.

    What are the cultural implications of this phenomenal success? Does the introduction of American fast food undermine local cuisines, many of them celebrated for centuries? Does it, as some critics fear, presage a homogeneous, global culture? These are but a few of the questions confronted in this engaging study that vividly demonstrates how the theories and techniques of anthropology can be used not only to examine obscure peoples and exotic practices, but to shed light on the motivations and behavior of people conducting their daily lives in some of the major population centers of the world.Earlier studies of the fast food industry have emphasized production, focusing on labor or management. This book takes a fresh approach to the industry by concentrating on the perspective of the consumer. It analyzes consumers' reactions to McDonald's in five East Asian cities: Hong Kong, Beijing, Taipei, Seoul, and Tokyo. What do they have to say about McDonald's? How is fast food perceived by those who pay to eat it? How do their preferences and biases affect the system of production?The book argues that McDonald's has largely become divorced from its American roots and become a "local" institution for an entire generation of affluent consumers in Hong Kong, Taipei, and Tokyo. In Beijing, the process of localization has barely begun, with consumers more interested in the experience of eating at McDonald's than in the food itself. In Seoul, many nationalists treat the Big Mac as a symbol of Yankee imperialism; meanwhile, increasing numbers of Korean children are celebrating their birthdays atMcDonald's.Localization is not, however, a one-way process; the corporation has also had to adapt in order to flourish in new settings. The book demonstrates how consumers, with the cooperation and encouragement of McDonald's management, have transformed their neighborhood restaurants into leisure centers, afterschool clubs, and meeting halls. The contributors pay special attention to the effects of these activities on family organization, education, and socialization, and conclude that it is no accident that the fast food boom corresponds to the rise of a child-centered consumer culture in East Asian cities.

    Kennedy, Jefferson Morley is asked, “So who killed JFK? What’s your theory?” Morley, a former reporter for the Washington Post and author of Our Man in Mexico: Winston Scott and the Hidden History of the CIA, invariably disappoints. “I don’t know. It’s too early to tell.” Fifty-plus years after JFK’s death, this answer is laughable but serious. The JFK story remains unsettled well into the 21st century, no matter what the various conspiracy and anti-conspiracy theorists may proclaim. Indeed, the complex reality of how a president of the United States came to be gunned down on a sunny day, and no one lost his liberty — or his job — continues to live and grow in popular memory. This is a book that reveals deceit and deception on the part of the CIA relating to the Kennedy assassination and why the CIA should reveal to the American people what it is still keeping secret. Employing his investigative reporting skills through interviews and examination of long-secret records, Morley reveals that the CIA was closely monitoring the movements of accused assassin Lee Harvey Oswald in the months preceding the assassination of President Kennedy. Questions naturally arise: Did the CIA suspect that Oswald was up to no good? Or was its surveillance part of a CIA scheme to frame Oswald for the assassination of President Kennedy? Why did the CIA keep its surveillance secret from the Warren Commission?Morley also reveals a close relationship between the CIA and an American anti-Castro group that began advertising Oswald’s connections to communism and the Soviet Union immediately after the assassination? That raises questions: Why didn’t the CIA reveal that relationship to official agencies investigating the assassination of President Kennedy? Why did a federal judge and the chief counsel of the House Select Committee on Assassinations accuse the CIA of deceit and deception?The U.S. government retains almost 3,600 assassination-related records, consisting of tens of thousands of pages that have never been seen by the public. More than 1,100 of these records are held by the CIA.What is in those secret files? What do they reveal about JFK’s death? Why has the CIA been so reluctant to release them? And when will they finally be revealed to the public? Will they answer the disturbing questions that the revelations in this book raise?

    All of the mentioned are just puppets on an invisible string doing the biddings of a few unseen puppeteers. Yes, that’s right. A few elite and undisclosed organizations send our children off to war, restrict the growth of the middle class, and limit educational opportunities for American citizens. The sad truth is this is nothing new. Thomas Jefferson and Benjamin Franklin warned of the dangers and destructive power of these elites if left unchecked. These few unchosen were able, and continue, to use the Federal Reserve Banking System, universities, and war to create economic recessions and depressions that provide unnoticed benefits to a select group of social manipulators. In this stunning new book, Mark Mullen takes us on an intellectual journey through the world of secret partnerships created by unfamiliar ideologues designed to acquire most of the nation’s wealth and power. In Who Controls America, Mullen shines a light on those few elites who place greed, power, and profits above the interests of the American citizen and the pursuit of the American Dream.

    In this essay based on a popular lecture, Foundation for Economic Education President Lawrence W. Reed debunks this conventional view and traces the central role that poor government policy played in fostering this legendary catastrophe. Lawrence W. ("Larry") Reed became president of the Foundation for Economic Education (FEE) in 2008. Prior to becoming FEE's president, he served for twenty years as president of the Mackinac Center for Public Policy in Midland, Michigan. He also taught economics full-time from 1977 to 1984 at Northwood University in Michigan and chaired its Department of Economics from 1982 to 1984. A champion for liberty, Reed has authored over 1,000 newspaper columns and articles, dozens of articles in magazines and journals in the United States and abroad. The Foundation for Economic Education (FEE) is the premier source for understanding the humane values of a free society, and the economic, legal, and ethical principles that make it possible. At FEE, you’ll be connected with people worldwide who share those values and are inspired by the dynamic ideas of free association, free markets, and a diverse civil society. Explore freedom’s limitless possibilities through seminars, classroom resources, social media, and daily content at FEE.org. Learn how your creativity and initiative can result in a prosperous and flourishing life for yourself and the global community. Whether you are just beginning to explore entrepreneurship, economics, or creating value for others or are mentoring others on their journeys, FEE has everything you need. FEE is supported by voluntary, tax-deductible contributions from individuals, foundations, and businesses who believe that it is vital to cultivate a deep appreciation in every generation for individual liberty, personal character, and a free economy. Supporters  receive a subscription to FEE's flagship magazine, the Freeman, also available at FEE.org.

    Industry expert Randy Gage explains exactly how to build a large network marketing organization. Readers learn the specific, step-by-step strategies they need to create their own residual income, multi-level money machine. A complete nuts-and-bolts manual.

    From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington, Too Big to Fail is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and, ultimately, the fate of the world’s economy. “We’ve got to get some foam down on the runway!” a sleepless Timothy Geithner, the then-president of the Federal Reserve of New York, would tell Henry M. Paulson, the Treasury secretary, about the catastrophic crash the world’s financial system would experience. Through unprecedented access to the players involved, Too Big to Fail re-creates all the drama and turmoil, revealing neverdisclosed details and elucidating how decisions made on Wall Street over the past decade sowed the seeds of the debacle. This true story is not just a look at banks that were “too big to fail,” it is a real-life thriller with a cast of bold-faced names who themselves thought they were too big to fail.