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1) Debt Machine
Description
What exactly is public debt? And why has it been spiraling for years? This documentary takes viewers on a fascinating journey through the rugged landscape of economics and renders it more human. Fast-paced and dynamic, and packed with offbeat images, it recounts the history of sovereign debt from the late Middle Ages to the present day. It highlights at top speed the current crisis and points viewers in the direction of unexpected exit routes to safeguard...
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Payback is an intelligent, wide-ranging book that examines the metaphor of debt and the role it takes in our lives. Debt is like air - something we take for granted and never think about until things go wrong. This is not a book about debt management or high finance, but about debt as a very old, central motif in religion and literature and also in the structuring of human societies. Atwood looks at the language of debt in the Old Testament - what...
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Governments around the world have spent unprecedented sums--trillions of dollars--to combat the economic impact of the coronavirus pandemic. In the United States alone, the national deficit surpassed $3 trillion in 2020--three times more than that of 2019 and $2 trillion more than the government had projected earlier in the year. But just what does rising government debt mean for the nation's future? A new crop of economists--adherents to Modern Monetary...
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Facing growing discontent over rising student loan repayments that burden many young Americans, some are calling on lawmakers in Washington to forgive--that is, cancel--much of the {20}1.7 trillion that students have borrowed from the federal government to finance their educations. Canceling student debt, supporters argue, would help level the playing field, stimulate the economy, and free graduates to pursue what they want. But such cancelation,...
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Providing case studies of debt defaults by Russia, Ukraine, Pakistan, Ecuador, Moldova, and Uruguay, framed by a discussion of the history, economic theory, legal issues, and policy lessons of sovereign debt crises, this work examines the facts, economic theory, and policy implications of sovereign debt crises.
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In the fall of 2008, the United States was plunged into a financial crisis more severe than any since the Great Depression. As banks collapsed and the state scrambled to organize one of the largest transfers of wealth in history, manyincluding economists and financial expertswere shocked by the speed at which events unfolded. In this new book, John Bellamy Foster and Fred Magdoff offer a bold analysis of the financial meltdown, how it developed, and...
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Is higher education cultivating the next financial bubble? This CNBC Original documentary goes inside America's student loan industry - a seemingly benign system that could potentially echo the mortgage meltdown of recent years, since it displays little or no regard for a borrower's ability to repay. Viewers meet students, lenders, school administrators, and American families with firsthand knowledge of the brewing crisis - as well as U.S. Secretary...
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Over the past twenty years, the quality of life for American workers - blue-collar and white-collar, young and old, skilled and unskilled - has gone from reasonable comfort to near desperation. In this brilliantly original and compelling book, two distinguished economists show how this disastrous downward swing can be traced directly to the insidious disease of debt - not just government debt but personal and corporate debt as well. Corporate debt...
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"Before there was money, there was debt. Every economics textbook says the same thing: Money was invented to replace onerous and complicated barter systems--to relieve ancient people from having to haul their goods to market. The problem with this version of history? There's not a shred of evidence to support it. Here anthropologist David Graeber presents a stunning reversal of conventional wisdom. He shows that for more than 5,000 years, since the...
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".. Examines changing attitudes towards insolvency and their importance to the economy and self-image of the early American republic. Mann, a professor of law and history at the University of Pennsylvania, shows how debtor-relief movements like Shay's Rebellion, a post-Revolution wave of business failures and the need to pay off the public Revolutionary War debt made the problem of debt central to the politics of the new Republic, while the growth...
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Publisher description: This book presents a radically different argument for what has caused, and likely will continue to cause, the collapse of emerging market economies. Pettis combines the insights of economic history, economic theory, and finance theory into a comprehensive model for understanding sovereign liability management and the causes of financial crises. He examines recent financial crises in emerging market countries along with the history...
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Foreclosures are hitting record highs; Americans are declaring bankruptcy at rates ten times that during the Great Depression; more college students drop out because of debts than poor grades; reports of debtor suicides proliferate. In other words, it's a great time to be in the banking business. Documentary filmmaker Scurlock takes us on a road trip around a country populated by debt pirates, corporate predators, human credit card billboards, debt...
17) Dreams Deferred
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Percy and Beverly face their fading dreams of retirement before gathering their family together for a holiday meal. Emilia tries to keep up Christmas traditions in the midst of her deepening financial crisis. Hilton takes unpaid time off from his cafeteria job at Google to accompany Diana to doctors' appointments for complications in her pregnancy.
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In Beggar Thy Neighbor, financial historian Charles R. Geisst tracks the changing perceptions of usury and debt from the time of Cicero to the most recent financial crises. This comprehensive economic history looks at humanity's attempts to curb the abuse of debt while reaping the benefits of credit. Beggar Thy Neighbor examines the major debt revolutions of the past, demonstrating that extensive leverage and debt were behind most financial market...
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"Consumer credit is prevalent across almost every aspect of our consumer orientated society, and today there are very few products or services that can't be bought on credit terms or retailers who don't provide for credit facilities. Yet, despite the importance of credit to individuals, the economy and society, there are very few texts describing the operation of consumer credit markets anywhere in the world." "Consumer Credit Fundamentals is the...
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"Debt crises have placed strains not only on the European Union's nascent federal system but also on the federal system in the United States. Old confrontations over fiscal responsibility are being renewed, often in a more virulent form, in places as far flung as Detroit, Michigan, and Valencia, Spain, to say nothing of Greece and Cyprus. Increasing the complexity of the issue has been public sector collective bargaining, now a component of most federal...
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