Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System from Crisis — and Themselves
Andrew Ross Sorkin - 2009
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.
Cameron's Coup: How the Tories took Britain to the Brink
Polly Toynbee - 2015
Despite coalition compromises, he has turned out to be more radical than Margaret Thatcher.
She privatised industries. But he planned to dismantle the welfare state itself - starting with the NHS. The cuts signalled an assault on Britain's post-war social settlement.
Children, young people and the poor are bearing the brunt. Social welfare, police, council services, housing and legal aid are under fierce attack.
Will it succeed?
Writing with their trademark incisiveness and wit, Toynbee and Walker report how a party that failed to win a Commons majority has still been devastatingly effective. Blending analysis and statistics with moving human stories from Sydenham to Sheffield, Cameron's Coup argues that Britain is becoming meaner and harsher. The pressing question now is whether these changes are irrevocable.
Iron Curtain: The Crushing of Eastern Europe 1944-1956
Anne Applebaum - 2012
Stalin and his secret police set out to convert a dozen radically different countries to Communism, a completely new political and moral system. In Iron Curtain, Pulitzer Prize-winning journalist Anne Applebaum describes how the Communist regimes of Eastern Europe were created and what daily life was like once they were complete. She draws on newly opened East European archives, interviews, and personal accounts translated for the first time to portray in devastating detail the dilemmas faced by millions of individuals trying to adjust to a way of life that challenged their every belief and took away everything they had accumulated. Today the Soviet Bloc is a lost civilization, one whose cruelty, paranoia, bizarre morality, and strange aesthetics Applebaum captures in the electrifying pages of Iron Curtain.
The Rise and Fall of the Great Powers: Economic Change and Military Conflict from 1500 to 2000
Paul Kennedy - 1987
When a scholar as careful and learned as Mr. Kennedy is prompted by contemporary issues to reexamine the great processes of the past, the result can only be an enhancement of our historical understanding.... When the study is written as simply and attractively as this work is, its publication may have a great and beneficient impact. It is to be hoped that Mr. Kennedy's will have one, at a potentially decisive moment in America's history."Michael Howard, The New York Times Book Review"Important, learned, and lucid... Paul Kennedy's great achievement is that he makes us see our current international problems against a background of empires that have gone under because they were unaible to sustain the material cost of greatness; and he does so in a universal historical perspective of which Ranke would surely have approved."James Joll, The New York Review of Books"His strategic-economic approach provides him with the context for a shapely narrative....Professor Kennedy not only exploits his framework eloquently, he also makes use of it to dig deeper and explore the historical contexts in which some 'power centers' prospered....But the most commanding purpose of his project...is the lesson he draws from 15 centuries of statecraft to apply to the present scene....[The book's] final section is for everyone concerned with the contemporary political scene."Christopher Lehmann-Haupt, The New York Times"Kennedy gives epic meaning to the nation's relative economic and industrial decline."
Newsweek
Europe: In or Out? Everything You Need to Know
David Charter - 2014
What will happen if Britain leaves the EU, and how will it affect you?Europe: vital for Britain’s economy and global standing or a bureaucratic monster hell-bent on destroying our national sovereignty? And why is no one talking about what leaving Europe would actually mean?Addressing the real issues surrounding a potential exit from the EU – including jobs, travel, immigration, investment, sovereignty and justice – this book investigates the consequences both for the country and for the person on the street.A clear, comprehensive and compelling guide to the impact of the EU and the implications of a British exit, this objective and unbiased handbook, from an expert in the field, is essential reading for anyone with an interest in Britain’s future.
Menace in Europe: Why the Continent's Crisis Is America's, Too
Claire Berlinski - 2006
But lately, Europe has become the continent of endless strikes and demonstrations, bombs on the trains and subways, radical Islamic cells in every city, and ghettos so hopeless and violent even the police won’t enter them. In Spain, a terrorist attack prompts instant capitulation to the terrorists’ demands. In France, the suburbs go up in flames every night. In Holland, politicians and artists are murdered for speaking frankly about Islamic immigration. This isn’t the Europe we thought we knew. What’s going on over there?Traveling overland from London to Istanbul, journalist Claire Berlinski shows why the Continent has lately appeared so bewildering—and often so thoroughly obnoxious—to Americans. Speaking to Muslim immigrants, German rock stars, French cops, and Italian women who have better things to do than have children, she finds that Europe is still, despite everything, in the grip of the same old ancient demons. Anyone who knows the history can sense it: There is something ugly—and familiar—in the air.But something new is happening as well. Indeed, Europe now confronts—and seems unable to cope with—an entirely new set of troubles. Tracing the ancient conflicts and newly erupting crises, Menace in Europe reveals:• Why Islamic radicalism and terrorist indoctrination flourish as Europe fails to assimilate millions of Muslim immigrants• How plummeting birthrates hurtle Europe toward economic and cultural catastrophe • Why hatred of America has become ubiquitous—on Europe’s streets, in its books, newspapers, and music, and at the highest levels of government• How long-repressed destructive instincts are suddenly reemerging• How the death of religious faith has created a hopeless, morally unmoored Europe that clings to anti-Americanism, anti-Semitism, and other dangerous ideologies• Why the notion of a united Europe is a fantasy and what that means for the United StatesIn the end, these are not separate issues. Berlinski provocatively demonstrates that Europe’s political and cultural crisis mirrors its profound moral and spiritual crisis. But this is not just Europe’s problem. Menace in Europe makes clear that the spiritual void at the heart of Europe is ultimately our problem too. And America will pay a terrible price if we continue to ignore it.From the Hardcover edition.
The Undercover Economist
Tim Harford - 2005
The Undercover Economist is for anyone who's wondered why the gap between rich and poor nations is so great, or why they can't seem to find a decent second-hand car, or how to outwit Starbucks. This book offers the hidden story behind these and other questions, as economist Tim Harford ranges from Africa, Asia, Europe, and of course the United States to reveal how supermarkets, airlines, and coffee chains--to name just a few--are vacuuming money from our wallets. Harford punctures the myths surrounding some of today's biggest controversies, including the high cost of health-care; he reveals why certain environmental laws can put a smile on a landlord's face; and he explains why some industries can have high profits for innocent reasons, while in other industries something sinister is going on. Covering an array of economic concepts including scarce resources, market power, efficiency, price gouging, market failure, inside information, and game theory, Harford sheds light on how these forces shape our day-to-day lives, often without our knowing it. Showing us the world through the eyes of an economist, Tim Harford reveals that everyday events are intricate games of negotiations, contests of strength, and battles of wits. Written with a light touch and sly wit, The Undercover Economist turns "the dismal science" into a true delight.
Northern Protestants: On Shifting Ground
Susan McKay - 2021
Based on almost 100 brand-new interviews, and told with McKay’s trademark passion and conviction, this is essential reading.Containing interviews with politicians, former paramilitaries, victims and survivors, business people, religious leaders, community workers, young people, writers and others, it tackles controversial issues, such as Brexit, paramilitary violence, the border, the legacy of the Troubles, same-sex marriage and abortion, RHI, and the possibility of a United Ireland, and explores social justice issues and campaigns, particularly the struggle for LGBTQ+ rights.
My Life, Our Times
Gordon Brown - 2018
This is his candid, poignant and deeply relevant story.In describing his upbringing in Scotland as the son of a minister, the near loss of his eyesight as a student and the death of his daughter within days of her birth, he shares the passionately-held principles that have shaped and driven him, reminding us that politics can and should be a calling to serve. Reflecting on the personal and ideological tensions within Labour and its successes and failures in power, he describes how to meet the challenge of pursuing a radical agenda within a credible party of government. He explains how as Chancellor he equipped Britain for a globalised economy while swimming against the neoliberal tide and shows what more must be done to halt rising inequality. In his behind-the-scenes account of the financial crisis and his leading role in saving the world economy from collapse, he addresses the question of who was to blame for the crash and why its causes and consequences still beset us. From the invasion of Iraq to the tragedy of Afghanistan, from the coalition negotiations of 2010 to the referendums on Scottish independence and Europe, Gordon Brown draws on his unique experiences to explain Britain’s current fractured condition. And by showing us what progressive politics has achieved in recent decades, he inspires us with a vision of what it might yet achieve today.Riveting, expert and highly personal, this historic memoir is an invaluable insight into our times.
The Ascent of Money: A Financial History of the World
Niall Ferguson - 2007
Bread, cash, dosh, dough, loot, lucre, moolah, readies, the wherewithal: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it’s the sinews of war. To revolutionaries, it’s the chains of labor. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What’s more, he reveals financial history as the essential backstory behind all history. With the clarity and verve for which he is known, Ferguson elucidates key financial institutions and concepts by showing where they came from. What is money? What do banks do? What’s the difference between a stock and a bond? Why buy insurance or real estate? And what exactly does a hedge fund do? This is history for the present. Ferguson travels to post-Katrina New Orleans to ask why the free market can’t provide adequate protection against catastrophe. He delves into the origins of the subprime mortgage crisis.
Rule Britannia: Brexit and the End of Empire
Danny Dorling - 2019
Some promise the full story of the political manoeuvring that got us to this point, others promise to make sense of the vote, with a couple focusing on the supposed evils of immigration and Islam.In Rule Britannia, Danny Dorling and Sally Tomlinson tell a different story. They argue that the EU referendum was part of a last gasp of empire working its way out of the British psyche. It is a view of empire largely based on myth and nostalgia.Dorling and Tomlinson are not arguing for any particular position, but suggest that whatever the next year brings Britain will be much diminished by the process of trying to leave the EU, and that there is no welcoming Empire, Commonwealth, or other set of countries, ready to quickly embrace new trading relationships with us. They do, however, recognise the potential to reshape a post-Brexit Britain, assuming that the UK can accept a world order not based on the past.
October: The Story of the Russian Revolution
China Miéville - 2017
How did this unimaginable transformation take place? How was a ravaged and backward country, swept up in a desperately unpopular war, rocked by not one but two revolutions?This is the story of the extraordinary months between those upheavals, in February and October, of the forces and individuals who made 1917 so epochal a year, of their intrigues, negotiations, conflicts and catastrophes. From familiar names like Lenin and Trotsky to their opponents Kornilov and Kerensky; from the byzantine squabbles of urban activists to the remotest villages of a sprawling empire; from the revolutionary railroad Sublime to the ciphers and static of coup by telegram; from grand sweep to forgotten detail.Historians have debated the revolution for a hundred years, its portents and possibilities: the mass of literature can be daunting. But here is a book for those new to the events, told not only in their historical import but in all their passion and drama and strangeness. Because as well as a political event of profound and ongoing consequence, Miéville reveals the Russian Revolution as a breathtaking story.From the Hardcover edition.
Britain Alone: The Path from Suez to Brexit
Philip Stephens - 2021
Nearly 60 years later, the rebuke rings true again. Britain's postwar search for its place in the world has vexed prime ministers and government since the nation's great victory in 1945: the cost of winning the war was giving up the empire. After the humiliation of Anthony Eden's Suez expedition, Britain seemed for a time to have found an answer. Clinging to its self-image as a great island nation, it would serve as America's best friend while acknowledging its geography by signing up to membership of the European Union. Never a comfortable balancing act, for 40 years it appeared to work. In 2016 David Cameron called the Brexit referendum and blew it up. Author Philip Stephens paints a fascinating portrait of a nation struggling to reconcile its waning power with past glory. Drawing on decades of personal contact and interviews with senior politicians and diplomats in Britain, the United States and across the capitals of Europe, Britain Alone is a vivid account of a proud nation struggling to admit it is no longer a great power. It is a guide to how we arrived at the state we are in.
Beyond the Red Wall: Why Labour Lost, How the Conservatives Won and What Will Happen Next?
Deborah Mattinson - 2020