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.

    DiMaggio, one of the most decorated officers on the force during a career that spanned the years 1957 to 1991. Among his awards are two Superintendent’s Awards of Valor, Mayor Richard J. Daley’s Praiseworthy Acknowledgment Plaque for Exceptional Act of Bravery Involving Risk of Life, a Presidential Citation of Appreciation, the Illinois Police Association Award of Valor, and many more.Upon his retirement in 1991, DiMaggio wrote a fascinating account of his work as a cop. The manuscript languished among his personal effects until after his death in 2008, after which his family decided to resurrect it, spruce it up, and submit it for publication. It turns out that he was an excellent word craftsman and storyteller; in fact, he was no stranger to writing—for many years he wrote the “Ask Sarge” column for the Mystery Writers of America Midwest Chapter newsletter.Told in a conversational, “regular guy” voice in episodic fashion, “SARGE!” reveals to the reader what it was really like to be a cop. The manuscript in many ways takes the form of a prose treatment of a weekly television police drama. A large selection of PHOTOS is included.DiMaggio takes the reader back to the decades such as the turbulent 1960s, when the police department was making a painful transition from “old school” to modernization. The author describes firsthand the legendary riots that occurred in Chicago after the assassination of Martin Luther King Jr. He illustrates the integration of minorities into the department and how that played out. He also goes into famous cases of corruption and the politics of navigating such a large department. One of the “set pieces” of the book is the story of how DiMaggio, as part of the “Three Musketeers”—a trio that included two detectives who were close friends—investigated a series terrifying slasher attacks on women that occurred in the city in the mid-70s. The case became one of the police department’s most memorable. Among the other cases detailed in the book include how DiMaggio found himself entering the home of a crazed young man holding hostages with a shotgun; the investigation of the discovery of a headless corpse; the take-down of the Chicago “Mad Bomber”; how an anonymous audio tape provided clues to the identities of armed robbers; and the manhunt for a cop killer. A portion of all proceeds will be donated to The Chicago Police Memorial Foundation and The Chicago Police Foundation.

     The facts of the tragedy are established: On April 15, 2013, two homemade bombs fashioned from pressure cookers exploded near the finish line of the Boston Marathon, killing three people and wounding 264 others. The elder of the brothers suspected of committing this atrocity, Tamerlan Tsarnaev, died in the ensuing manhunt; Dzhokhar will stand trial in January 2015. What we don’t know is why. How did such a nightmare come to pass?This is a probing and powerful story of dislocation, and the longing for clarity and identity that can reach the point of combustion. Bestselling Russian-American author Masha Gessen is uniquely endowed with the background, access, and talent to tell it. She explains who the brothers were and how they came to do what they appear to have done. From their displaced beginnings, as descendants of ethnic Chechens deported to Central Asia in the Stalin era, Gessen follows them as they are displaced again, from strife-ridden Kyrgyzstan to war-torn Dagestan, and then, as émigrés to the United States, into an utterly disorienting new world. Most crucially, she reconstructs the struggle between assimilation and alienation that ensued for each of the brothers, fueling their apparent metamorphosis into a new breed of homegrown terrorist, with their feet on American soil but their loyalties elsewhere—a split in identity that seems to have incubated a deadly sense of mission. Like Dave Cullen’s Columbine, this will be the enduring account of an indelible tragedy.

    But guerrilla war-fare is not just the tool of modern-day terrorists. Its roots stretch back to our very own revolution.In Violent Politics, William Polk takes us on a concise, brilliant tour of insurgencies throughout history, starting with the American struggle for independence, when fighters had to battle against both the British and the loyalists, those colonists who sided with the monarchy. Instinctively, in a way they probably wouldn't have described as a coherent strategy, the rebel groups employed the tactics of insurgency.From there, Polk explores the role of insurgency in several other notable conflicts, including the Spanish guerrilla war against Napoleon, the Irish struggle for independence, the Algerian War of National Independence, and Vietnam. He eventually lands at the present day, where the lessons of this history are needed more than ever as Americans engage in ongoing campaigns in Afghanistan and Iraq—and beyond.

    One of the master historians of twentieth-century Europe, Walter Laqueur is renowned for his "gold standard" studies of fascism, terrorism, and anti-Semitism. Here he describes how unplanned immigration policies and indifference coinciding with internal political and social crises have led to a continent-wide identity crisis. "Self-ghettoization" by immigrant groups has caused serious social and political divisions and intense resentment and xenophobia among native Europeans. Worse, widespread educational failure resulting in massive youth unemployment and religious or ideological disdain for the host country have bred extremist violence, as seen in the London and Madrid bombings and the Paris riots. Laqueur urges European policy makers to maintain strict controls with regard to the abuse of democratic freedoms by preachers of hate and to promote education, productive work, and integration among the new immigrants. Written with deep concern and cool analysis by a European-born historian with a gift for explaining complex subjects, this lucid, unflinching analysis will be a must-read for anyone interested in international politics and the so-called clash of civilizations. "

    Bush will find fodder for fears—and suggestions for activism—in The COINTELPRO Papers. Ward Churchill and Jim Vander Wall's exposé of America's political police force, the FBI, reveals the steel fist undergirding "compassionate conservatism's" velvet glove. Using original FBI memos, the authors provide extensive analysis of the agency's treatment of the left, from the Communist Party in the 1950s to the Central America solidarity movement in the 1980s. The authors' new introduction posits likely trajectories for domestic repression.Ward Churchill is author of From a Native Son. Jim Vander Wall is co-author of Agents of Repression: The FBI's Secret Wars Against the Black Panther Party and the American Indian Movement, with Ward Churchill.

    We are again riding the crest of a revolutionary epic, much like 1848 or 1917, from the Arab Spring to movements against austerity in Greece to the Occupy movement. In Wages of Rebellion, Chris Hedges—who has chronicled the malaise and sickness of a society in terminal moral decline in his books Empire of Illusion and Death of the Liberal Class—investigates what social and psychological factors cause revolution, rebellion, and resistance. Drawing on an ambitious overview of prominent philosophers, historians, and literary figures he shows not only the harbingers of a coming crisis but also the nascent seeds of rebellion. Hedges' message is clear: popular uprisings in the United States and around the world are inevitable in the face of environmental destruction and wealth polarization.Focusing on the stories of rebels from around the world and throughout history, Hedges investigates what it takes to be a rebel in modern times. Utilizing the work of Reinhold Niebuhr, Hedges describes the motivation that guides the actions of rebels as “sublime madness” — the state of passion that causes the rebel to engage in an unavailing fight against overwhelmingly powerful and oppressive forces. For Hedges, resistance is carried out not for its success, but as a moral imperative that affirms life. Those who rise up against the odds will be those endowed with this “sublime madness.”From South African activists who dedicated their lives to ending apartheid, to contemporary anti-fracking protests in Alberta, Canada, to whistleblowers in pursuit of transparency, Wages of Rebellion shows the cost of a life committed to speaking the truth and demanding justice. Hedges has penned an indispensable guide to rebellion.

    Incessant budget crises plus a government paralyzed by partisan gridlock have led to demands for reform, even a constitutional convention. But what, exactly, is wrong and how can we fix it? In California Crackup, Joe Mathews and Mark Paul provide clear and informed answers. Their fast-paced and often humorous narrative deftly exposes the constitutional origins of our current political and economic problems and furnishes a uniquely California fix: innovative solutions that allow Californians to debate their choices, settle on the best ones, hold elected officials accountable for results, and choose anew if something doesn’t work.

    It is made up of both the long-term chronically poor and new working poor—the tens of millions of victims of a broken economy and an ever more dysfunctional political system. In many ways, for the majority of Americans, financial insecurity has become the new norm.The American Way of Poverty shines a light on this travesty. Sasha Abramsky brings the effects of economic inequality out of the shadows and, ultimately, suggests ways for moving toward a fairer and more equitable social contract. Exploring everything from housing policy to wage protections and affordable higher education, Abramsky lays out a panoramic blueprint for a reinvigorated political process that, in turn, will pave the way for a renewed War on Poverty.It is, Harrington believed, a moral outrage that in a country as wealthy as America, so many people could be so poor. Written in the wake of the 2008 financial collapse, in an era of grotesque economic extremes, The American Way of Poverty brings that same powerful indignation to the topic.

    16 pages of photos.

    Indeed, American students lag behind their peers in other nations, but America remains on the leading edge economically, scientifically, technologically, and militarily. The reason for this paradox, explains Barone in this brilliant essay, is that “from ages six to eighteen Americans live mostly in what I call Soft America—the parts of our country where there is little competition and accountability. But from ages eighteen to thirty Americans live mostly in Hard America—the parts of American life subject to competition and accountability.” While Soft America coddles, Hard America plays for keeps. Educators, for example, protect children from the rigors of testing, ban dodgeball, and promote just about any student who shows up. But most adults quickly figure out that how they do depends on what they produce. Barone sweeps readers along, showing how we came to the current divide—for things weren’t always this way. In fact, no part of our society is all Hard or all Soft, and the boundary between Hard America and Soft America often moves back and forth. Barone also shows where America is headed—or should be headed. We don’t want to subject kindergartners to the rigors of the Marine Corps or leave old people uncared for. But Soft America lives off the productivity, creativity, and competence of Hard America, and we have the luxury of keeping part of our society Soft only if we keep most of it Hard.Hard America, Soft America reveals: • How the American situation is unique: In Europe, schooling is competitive and demanding, but adult life is Soft, with generous welfare benefits, short work hours, long vacations, and state pensions• How the American military has reclaimed the Hard goals and programs it abandoned in the Vietnam era• How Hardness drives America’s economy—an economy that businesses and economists nearly destroyed in the 1970s by spurning competition • How America’s schools have failed because they are bastions of Softness—but how they are finally showing signs of Hardening• The benefits of Softness: How government programs like Social Security were necessary in what was a harsh and unforgiving America• Hard America, Soft America is a stunningly original and provocative work of social commentary from one of this country’s most respected political analysts.From the Hardcover edition.

    In this new edition, John Gray argues that whereas liberalism was the political theory of modernity, it is ill-equipped to cope with the dilemmas of the postmodern condition. The task now, as Gray sees it, is to develop a pluralist theory, in which the liberal problem of finding a modus vivendi among rival communities and worldviews is solved in postliberal terms.Copublished with Open University Press

    Days later, he turned up at the American embassy in Beijing, and only a furious round of high-level negotiations made it possible for him to leave China and begin a new life in the United States.Chen Guangcheng is a unique figure on the world stage, but his story is even more remarkable than anyone knew. The son of a poor farmer in rural China, blinded by illness when he was an infant, Chen was fortunate to survive a difficult childhood. But despite his disability, he was determined to educate himself and fight for the rights of his country's poor, especially a legion of women who had endured forced sterilizations and abortions under the hated "one child" policy. Repeatedly harassed, beaten, and imprisoned by Chinese authorities, Chen was ultimately placed under house arrest. After nearly two years of increasing danger, he evaded his captors and fled to freedom.Both a riveting memoir and a revealing portrait of modern China, The Barefoot Lawyer tells the story of a man who has never accepted limits and always believed in the power of the human spirit to overcome any obstacle.

    

    From such twenty-first-century forces, we have seen declines in previous global health gains, with sharp increases in vaccine-preventable and neglected diseases on the Arabian Peninsula, in Venezuela, in parts of Africa, and even on the Gulf Coast of the United States. In Preventing the Next Pandemic, international vaccine scientist and tropical disease and coronavirus expert Peter J. Hotez, MD, PhD, argues that we can--and must--rely on vaccine diplomacy to address this new world order in disease and global health. Detailing his years in the lab developing new vaccines, Hotez also recounts his travels around the world to shape vaccine partnerships with people in countries both rich and poor in an attempt to head off major health problems. Building on the legacy of Dr. Albert Sabin, who developed the oral polio vaccine with Soviet scientists at the height of the Cold War, he explains how he is still working to refresh and redirect vaccine diplomacy toward neglected and newly emerging diseases.Hotez reveals how--during his Obama-era tenure as the US Science Envoy for the Middle East and North Africa, which coincided with both the rise in these geopolitical forces and climate change--he witnessed tropical infectious diseases and established vaccine partnerships that may still combat them up close. He explores why, since 2015, we've seen the decline of global cooperation and cohesion, to the detriment of those programs that are meant to benefit the most vulnerable people in the world. Unfortunately, Hotez asserts, these negative global events kick off a never-ending loop. Problems in a country may lead to disease outbreaks, but those outbreaks can lead to further problems--such as the impact of coronavirus on China's society and economy, which has been felt around the globe. Zeroing in on the sociopolitical and environmental factors that drive our most controversial and pressing global health concerns, Hotez proposes historically proven methods to soothe fraught international relations while preparing us for a safer, healthier future. He hammers home the importance of public engagement to communicate the urgency of embracing science during troubled times.Touching on a range of disease, from leishmaniasis, schistosomiasis, and Middle East Respiratory Syndrome (MERS) to COVID-19, Preventing the Next Pandemic has always been a timely goal, but it will be even more important in a COVID and post-COVID world.