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Description
We are living in the most reckless financial environment in recent history. Arcane credit derivative bets are now well into the tens of trillions. According to Charles R. Morris, the astronomical leverage at investment banks and their hedge fund and private equity clients virtually guarantees massive disruption in global markets. The crash, when it comes, will have no firebreaks. A quarter century of free-market zealotry that extolled asset stripping,...
Author
Description
The author makes the case that worldwide, U.S. growth and power over the last twenty years has depended in large part on domestic housing markets. Mortgage-based securities attracted overseas capital into the U.S. economy. High levels of private home ownership helped pull in a disproportionately large share of world capital flows. Mortgage lenders became ever more eager to extend housing loans, for the more mortgage packages they securitized, the...
Author
Description
From the author, an economist, this book is an examination of innovation and success, and where to find them in America. An unprecedented redistribution of jobs, population, and wealth is under way in America, and it is likely to accelerate in the years to come. America's new economic map shows growing differences, not just between people but especially between communities. In this book, the author provides a fresh perspective on the tectonic shifts...
Description
Comprises nine essays which explore the following aspects of changes in the US labour market: outmigration from inner city areas; export of business services; demographic changes; migrant workers; literacy; ability of the education system to respond to changing skill requirements; the health care sector; and national employment policy.
Author
Description
Analyzes the current labour market in the US and concludes that social policy must change to cope with the realities of the new economy. "More and better jobs" is the underlying theme of this text. It presents an agenda of lifelong learning and recommends specific government educational policies.
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