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A leading political and business thinker identifies the greatest threat to our economic future: the things we think we know--but don't. In the face of global competition and rapid technological change, our economy is facing its most severe test in nearly a century. Yet our leaders have failed to prepare us for what lies ahead because they are in the grip of a set of "dead ideas" about how a modern economy should work. These ways of thinking--dubious...
Description
"There are three twenty-four-hour financial networks. All their slogans are like, We know what's going on on Wall Street.' But then you turn it on during the crisis, and they're like, We don't know what's going on.' It'd be like turning on the Weather Channel in a hurricane and they're just doing this: [shuddering] Why am I wet?! What's happening to me? And it's so windy!'"--Jon Stewart.
Bad News is the first book to probe the role of the business...
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From the Publisher: The bestselling author reveals how the U.S. financial sector has hijacked our economy and put America's global future at risk. In American Theocracy, Kevin Phillips warned us of the perilous interaction of debt, financial recklessness, and the increasing cost of scarce oil. The current housing and mortgage debacle is proof once more of Phillips's prescience, and only the first harbinger of a national crisis. In Bad Money, Phillips...
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"Sounding the alarm about the increasing gap between reality and 'conventional wisdom' -- a phrase he coined -- Galbraith tells, along with much else, how we have reached a point where the private sector has unprecedented control over the public sector. We have given ourselves over to self-serving belief and 'contrived nonsense' or, more simply, fraud. This has come at the expense of the economy, effective government, and the business world. Particularly...
Description
The early twenty-first century is witnessing a concerted effort to privatize risk--to shift responsibility for the management or mitigation of key risks onto private-sector organizations or directly onto individuals. Proposals to reform Social Security through the creation of private accounts are perhaps the leading example, but in a wide range of areas, similar trends are now playing out. Yet, ironically, pensions and other private systems for responding...
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Renowned economic forecaster Harry S. Dent, Jr., explains that by 2010 rising oil prices and peaking generational spending will lead to a more severe downtrend for the global economy and individual investors alike. He outlines the critical issues that will face us and offers long- and short-term tactics for weathering the storm.
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For the past three decades, we have been steadily creating an extreme time-crunch economy that has affected jobs, portfolios, businesses and lives. But the time-crunch economy is turning into the leisure economy and it will mean wrenching adjustments for our lives and institutions. Everyone from consumers, investors, businesses, and policy-makers will need to understand the changes afoot. This book posits profound economic changes in North America...
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"In 2008, America went through a terrible financial crisis, and we are still suffering the consequences. Families lost their homes, had to give up their pets, and struggled to pay for food and medicine. Businesses didn't have money to buy equipment or hire and pay workers. Millions of people lost their jobs and their life savings. More than 100,000 businesses went bankrupt ... [Former FDIC chairman Bair] describes the many ways in which a broken system...
20) The new economy
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How doing business is undergoing a major historic transformation--and why we₂ve only begun our productivity upswing America₂s economic troubles have had a dramatic impact on how investors view markets and the businesses that drive them. And for now they have overshadowed a profound and ongoing revolution--still taking place after twenty-five years--in the way the economy operates. Just as in past economic revolutions, today₂s "new economy" emerged...
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