WALL STREET KILLS: A Novel About High Finance, BDSM And Celebrity Death
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This almost perfectly mirrors -- in reverse -- the steep rise in oil prices in mid, which was followed by an equally sharp contraction when the Great Recession -- the onset of the global economic and financial crisis -- struck with full fury. Barack Obama and the Audacity of Failure. As with so much else connected with President Obama and national security, he has acted contrary to his past words and proclaimed intentions.
There is no longer hope; the despair remains. Is a Major Banking Crisis Looming? Since the global economy imploded into systemic crisis in , central banks and regulating authorities in major economies throughout North America and Europe have held periodic stress tests, apparently in an effort to reassure the public. Underlying and reinforcing fears is the knowledge within the financial community that sovereigns expended so much of their capital in coping with the last worldwide economic crisis, there is little left for policymakers to react with when the next big financial and economic tsunami strikes the global economy.
Anatomy of a Disaster in the Making. A full-blooded war in its early stages is now underway, involving two antagonists, the Islamic State led by Abu Bakr al-Baghdadi, known to his followers as Caliph Ibrahim, and the United States of America, led by President Barack Obama. Any serious observer and analyst of the intentions and capabilities of the Islamic State must conclude that their command authority is constantly thinking of ways and means of inflicting maximum damage on the United States.
The Answer Is Yes. Until and unless the U. The lessons of history itself should compel us to take Abu Bakr al-Baghdadi's promise to wage a ferocious worldwide war of vengeance against those he sees as the enemies of God with the utmost seriousness. What this all means is that the United States has no fiscal problem, as long as the Federal Reserve can maintain artificially. Even more worrisome than the wild swings on Wall Street and many other stock markets has been the impact of tapering on major emerging markets. China's Local Government Debt Explodes. One of the most rapidly growing factors of public debt is occurring right now, in China, largely under the radar of the so-called fiscal prophets of doom.
How much longer can major economies like the U. Comedic Farce at the Bank of Israel. In a few short weeks, Israel's Prime Minister, Benjamin Netanyahu, and his Finance Minster in his coalition government, Yair Lapid, have succeeded in doing what once seemed impossible; transforming his nation's central bank's once stellar reputation into a comedic farce. The central bankers, in the minds of many, are the heroes of the economic crisis, supposedly saving the global economy from.
Just when everyone thought the Cypriote banking disaster could not get any worse -- how can it get worse when the government is desperate enough to steal bank depositors' money -- it has suddenly become much worse. Economic Russian Roulette Comes to America. There are arguments currently underway as to how much of an impact 85 billion dollars in arbitrary spending reductions will have on a still fragile economy.
These concerns miss the essential point. With the Dow Jones having reached 14,, it can be said that the worst losses on the index since have been made whole. But does that mean the global economic crisis is over? The so-called fiscal cliff, a creation of Washington politicians, means that a tsunami of tax increases and spending cuts will batter the American economy, due to, among other things, the expiration of the Bush tax cuts.
Just as naturally, the Obama administrations maintained that the BLS statistics are compiled by non-partisan professional bureaucrats. So, what's the answer? If Chinese Premier Wen Jiabao is concerned about the Eurozone debt crisis, than it is a signal for just about every other major economy to start sweating bullets. Why would inflation, a fiscal and monetary circumstance which human beings by instinct regard as an ill omen, be seen in such positive hues by economists as renowned as Nobel Prize winner Paul Krugman? But Hayek claimed that this rollback was the road to serfdom, not away from it.
He said democratic regulation and taxation of rentiers is serfdom. Finance as the new mode of warfare ED: Yes, and on amazon as well, thank you. This issue that I want to touch on before we go to the break is debt. On this program a couple of months ago I had the journalist John Pilger. He and I touched on debt specifically as a weapon, and how it is used as a weapon.
You can see this in the form of debt enslavement, if you want to call it that, in postcolonial Africa. You see the same thing in Latin America where, Michael, I know you have a lot of experience in Latin America in the last couple of decades. If you treat debt as a weapon, the basic idea is that finance is the new mode of warfare.
And politically, almost no modern democracy can afford a military invasion anymore. So the objectives of the financial sector — of Wall Street, the City of London or Frankfurt in Germany — is to obtain the land. They want whatever buildings and property there is, including the museums. Matters are not so much different in the private sector. A Hayek-style government would block society from protecting itself against such asset stripping. It treats debt writedowns as the road to serfdom, not the road away from debt dependency.
In antiquity, private individuals obtained labor services by making loans to families in need, and obliging their servant girls, children or even wives to work off the loan in the form of labor service. My Harvard-based archaeological group has published a series of five books that I co-edited, most recently Labor in the Ancient World.
Creditors often palace infrastructure managers or collectors would get people into bondage. When new Bronze Age rulers started their first full year on the throne, it was customary to declare an amnesty to free bond servants and return them to their families, and annul personal debts as well as to return whatever lands were forfeited.
Babylon's Banksters: The Alchemy of Deep Physics, High Finance and Ancient Religion
So in the Bronze Age, debt serfdom and debt bondage was only temporary. The biblical Jubilee law was a literal translation of Babylonian practice that went back two thousand years. Right now you have corporate raiders, who are raiding whole companies by forcing them into debt, and then smashing and grabbing. We have a solution. The country is to be sold off to foreigners including domestic oligarchs working out of their offshore accounts. Debt leverage is thus the way to achieve what it took armies to win in times past. One last point on that as well.
I want to get your comment on and we see this in post-colonial Africa, especially when the French and the British had to nominally give up control of their colonies. You saw debt become an important tool to maintain hegemony within their spheres of influence. Of course, asset stripping and seizing control, smashing and grabbing was part of that. But also it is the debt servicing payments, it is the cycle of debt repayment and taking new loans on top of original loans to service the original loans — this process this cycle is also really an example of this debt servitude or debt bondage.
Right after Greece won its independence from Turkey, the Ricardo brothers made a rack-renting loan to Greece at far below par that is, below the face value that Greece committed itself to pay. Greece tried to pay over the next century, but the terms of the loan ended up stripping and keeping it on the edge of bankruptcy well into the 20th century.
But Ricardo testified before Parliament that there could be no debt-servicing problem. Any country, he said, could repay the debts automatically, because there is an automatic stabilization mechanism that enables every country to be able to pay. This is the theory that underlines Milton Friedman and the Chicago School of monetarism: The judgment of whether an economic theory is scientific is simply whether it is internally consistent. So you have these fictitious economists given Nobel Prizes for promoting an inside out, upside down version of how the global economy actually works.
One other thing that they no longer teach is what used to be called political economy. The influence of the Chicago School, neoliberalism and monetarism has removed classical political economy from academia, from the Canon if you will. Adam Smith, Mill, Marx, Veblen — they all developed their economic theory to reform the world.
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The classical economists were reformers. They wanted to free society from the legacy of feudalism — to get rid of land rent, to take money creation and credit creation into the public domain. Whatever their views, whether they were right wingers or left wingers, whether they were Christian socialists, Ricardian socialists or Marxian socialists, all the capitalist theorists of the 19th century called themselves socialists, because they saw capitalism as evolving into socialism. But what you now have, since World War I, is a reaction against this, stripping away of the idea that governments have a productive role to play.
If government is not the director and planner of the economy, then who is? So the essence of neoliberalism that you were mentioning before, is indeed a doctrine of central planning. It states that the central planning should be done by Wall Street, by the financial sector. The problem is, what is the objective of central planning by Wall Street? It is to smash and grab. A number of chapters of my book I think five , describe how the Obama administration has implemented this smash and grab, doing the exact opposite of what he promised voters.
Obama has implemented the Rubin-omics [Robert Rubin] doctrine of Wall Street to force America into what looks like a chronic debt depression. The case of Latvia: Is it a success story, or a neoliberal disaster? I want to go back to some of the important issues that we introduced or alluded to in the first part of our discussion.
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We talked a lot about many of the same issues that you and I are touching on. Your book has a whole chapter on it, as well as references throughout the book. It is touted by technocrats of the financial elite as a major success story — how austerity can work. I find it absurd on so many different levels. So tell us what happened in Latvia, what the real costs were, and why neoliberals claim it as a success story.
Latvia is the disaster story of the last two decades. When Latvia was given its independence when the Soviet Union broke up in , a number of former Latvians had studied at George Washington University, and they brought neoliberalism over there — the most extreme grabitization and de-industrialization of any country I know. Latvians, Russians and other post-Soviet countries were under the impression that U.
But what they got was advice to emulate American experience. It got something just the opposite — how to enable foreign investors and bankers to carve it up, dismantle its industry and become a bizarre neoliberal experiment. You may remember the Republican presidential candidate Steve Forbes, who in proposed a flat tax to replace progressive taxation. The idea never could have won in the United States, but Latvia was another story.
The Americans set the flat tax at an amazingly low 12 percent of income — and no significant property tax on real estate or capital gains. It was a financial and real estate dream, and created a classic housing and financial bubble. Latvia emerged from the Soviet Union without any debt, and also with a lot of real estate and a highly educated population. But its political insiders turned over most of the government enterprises to themselves.
Privatizing housing and other property led to soaring real estate prices. The main banks in a position to lend to Latvia were Swedish and other Scandinavian banks. They pounce on the lending opportunities to opened up by an entire nation whose real estate had almost no tax on it. Latvians found that in order to buy housing of their own, they had to go deeply into debt.
Assets were only given to insiders, not to the people. A few years ago there was a reform movement in Latvia to stop the economic bleeding. Jeff and I brought over American property appraisers and economists. We visited the leading bank, regulatory agencies.
Latvia was going broke because its population had to pay so much for real estate. And it was under foreign-exchange pressure because debt service on its mortgage loans was being paid to the Swedish and foreign banks. So the regulators thought of themselves as working for the banks, even though they were foreign-owned. She acknowledged that the banks were lending much more money than property actually was worth.
But her regulatory agency had a solution: It was to have not only the buyer be obligated to pay the mortgage, but also the parents, uncles or aunts.
That is how Latvia stabilized its banking system. But it did so by destabilizing the economy. The result is that Latvia has lost 20 percent of its population over the past decade or so. For much the same reasons that Greece has lost 20 percent of its population, with Ireland in a similar condition. The population is shrinking because the economy is being run by looters, domestic and foreign. I was shown an island in the middle of the Daugava river that runs to the middle of Latvia, and was sold for half a million dollars.
Latvia has balanced the budget by cutting back public spending, reducing employment and lowering wage levels while indebting its population and forcing to immigrate. With superlative detail, insight, and journalistic expertise, Kantor and Twohey take us for the first time into the very heart of this social shift, reliving in real-time what it took to get the story and giving an up-close portrait of the forces that hindered and spurred change.
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They describe the surprising journeys of those who spoke up—for the sake of other women, for future generations, and for themselves—and so changed us all. Recently orphaned, Riggle has been sent to rural Indiana to live with his uncle. How can we show up for others without sacrificing ourselves? How can we bring more kindness into our homes, schools, and communities?
Adam Grant is an organizational psychologist at Wharton, and the bestselling author of Give and Take and Originals. He is considered a leading expert on how we can find motivation and meaning, and live more generous and creative lives. Allison Sweet Grant is a psychiatric nurse practitioner with dual masters degrees and a writer. Together, they're parents to three children.
Daniel H. His books have won multiple awards, have been translated into 39 languages, and have sold three million copies worldwide. This is a ticketed event for adults. The story of four Muslim Pakistani sisters reimagines the classic Little Women. Aleeza drives Jam crazy, while Bisma sparks her protective instincts. When their father leaves the U.
As her world turns upside down, Jam begins to question what matters most. This contemporary take on a beloved story will delight both new and deep-rooted fans. When two children in a playground suddenly shrink, they come face-to-face with ants and their habitats. Their anthill tour takes them on an exploration of ant anatomy, an ant life cycle, and ant senses.
They discover that ants hear with their legs and smell with their antennae, and that some even explode! Young readers learn all about ants and ant colonies in this accessible and hilarious book, which is part of the Giggle and Learn series. In his award-winning Why Nations Fail , co-written with Daron Acemoglu, Robinson, a political scientist and economist at the University of Chicago, studied the factors responsible for the political and economic success of states.
His new book, also in collaboration with Acemoglu, continues the argument with a similarly penetrating analysis of liberty. A balance between state and society, Robinson shows, liberty is never achieved once and for all but exists as a fragile condition. And because both society and the state are constantly shifting in response to new needs and conflicts, liberty itself is always in flux and must be constantly renewed; its truest definition may be the capacity of society to resist the power of state institutions and the elites that control them.
The ever-present threat of nuclear destruction loomed, and the two nations devoted billions of dollars and thousands of lives to the art and practice of spying. Rife with intrigue and teeming with the journeys and experiences of real-life spies, this work of narrative nonfiction illuminates the turbulence of the Cold War. Ages 12 and up. Assistant professor of political science at Howard University, Carter has focused on racial and ethnic politics in the U.
While Black people have often seemed ambivalent or even negative about immigrants, however, a deeper examination shows that these attitudes in fact reflect how the white power structure constrains minorities, causing them to critique each other rather than the dominant group. Join Secretary Hillary Rodham Clinton and Chelsea Clinton as they celebrate the women who have inspired them throughout their lives. The Book of Gutsy Women: Favorite Stories of Courage and Resilience highlights the women throughout history who have had the courage to stand up to the status quo, ask hard questions, and get the job done.
Inspired by women who blazed the trail, the two global leaders lay out a vision for how these stories of persistence can galvanize women and men, boys and girls around the world. Finishing it is going to take all of us standing shoulder to shoulder, across the generations, across genders. This is not a moment for anyone to leave the fight, or sit on the sidelines waiting for the perfect moment to join. The authors will be in conversation with Lissa Muscatine, co-owner of Politics and Prose. Muscatine served as a presidential speechwriter in the Clinton White House and as chief speechwriter to Hillary Rodham Clinton during her tenures as first lady and secretary of state.
An epic horror thriller, the story focuses on seven-year-old Christopher and his mother, who move to a remote town to escape an abuser. Then Christopher disappears. He returns after six days, charged with a mysterious mission that plunges him into the middle of a battle between good and evil. Now working with USAgainst Alzheimer's, Golden has selected forty narratives by diverse writers that powerfully reflect how this illness affects patients as well as their families and caregivers.
Copeland started in journalism as a night reporter in Chicago and capped his career forty years later as editor and general manager of Scripps Howard News Service. In between he worked as a war correspondent in Latin America, the Middle East, and Africa, covered politics in Washington, and wrote books including Living with Our Genes. His memoir details his behind-the-scenes experiences reporting on events such as Operation Desert Storm and the U. Former dean of Harvard Law School, Minow is one of our most highly respected legal scholars and a tireless advocate whose work on behalf of war refugees, students with disabilities, and the poor includes serving as chair of the Pro Bono Task Force of Legal Services Corporation.
Considering contrasting legal treatments of corporate and student debt, the different outcomes for juvenile offenders in the U. Whether true or false, stories such as the belief that tech markets can only go up or that some firms are too big to fail influence decisions about spending, saving, and investing—and by doing so, they drive the economy. An assistant professor of history at the University of Virginia, Milov in her new book traces the changing role and fortunes of tobacco in 20 th- century America.
As the most controlled and supported commodity the U. As Milov shows, this recent shift in political priorities came about not simply as a result of overwhelming evidence implicating smoking in a range of negative health effects. In his new book he offers a comprehensive look at the art and science of this increasingly popular practice, using stories, travel experiences, and photos to illustrate everything from wheat farming practices and advances in milling to sourdough starters and the mechanics of mixing dough.
The proof, of course, lies in the bread, and Leader features sixty recipes, putting new twists on classics like curry tomato ciabatta, vegan brioche, and chocolate sourdough babka. Leader will be in conversation with Mark Furstenberg, owner of Bread Furst. Fourteen years after a man she considered a close friend raped her, Vanasco contacted him to ask why. Chronicling their conversations in her unflinching new memoir, Vanasco, author of The Glass Eye, takes MeToo into new territory.
Recording both her own experience of the rape and its aftermath and those of her attacker, she grapples with the question of how a basically good person can commit an act of horrible violence, explores the language of sexual assault to gain insight into the act and how society can better prevent it, and pays tribute to the female friendships that helped her survive this nightmare.
The streets of Chennai are treacherous for sisters Viji and Rukku. The girls have fled a dangerous situation at home and taken refuge on an abandoned bridge in the city. Despite their new, harsh reality, they find friendship with Muthi and Arul, two other homeless kids living on the bridge. Together, they form a family and even find hope and laughter again. But when illness strikes, Viji must decide whether to seek help from strangers or hold onto their hard-won freedom.
The award-winning author of two short-story collections, Laskowksi in her first novel explores complex female relationships through the intertwining stories of two women who come to Opal Beach in search of fresh lives. A teenager in , Maureen revels in the new-found freedom of parties, friends, and love—until she disappears. Her fate is still a mystery in , when Allison comes to the resort town during the off season. Trying to get her bearings after a divorce, Allison becomes fascinated with the mystery of the missing teenager and begins to uncover long-buried secrets.
Laskowski will be in conversation with Bethanne Patrick, aka The Book Maven, an author and critic whose column on hot reads appears monthly in The Washington Post. Inspired by the Cervantes classic, Sam DuChamp, mediocre writer of spy thrillers, creates Quichotte, a courtly, addled salesman obsessed with television who falls in impossible love with a TV star. Together with his imaginary son Sancho, Quichotte sets off on a picaresque quest across America to prove worthy of her hand, gallantly braving the tragicomic perils of an age where "Anything-Can-Happen.
And with the kind of storytelling magic that is the hallmark of Rushdie's work, the fully realized lives of DuChamp and Quichotte intertwine in a profoundly human quest for love and a wickedly entertaining portrait of an age in which fact is so often indiscernible from fiction. Rushdie will be in conversation with Dolen Perkins-Valdez , an associate professor of literature at American University and the author of the novels Wench and Balm.
A book signing will follow the event. The author will sign up to two 2 copies of Quichotte , OR one copy of Quichotte and one backlist title only. A stirring memoir in verse unearths the harrowing and resilient history of award-winning author and poet Nikki Grimes. Her early years were occupied by a mostly absent father and an unstable mother who was never able to properly care for her two daughters.
Nikki and her sister were thrust into a revolving door of hardships. Moving from an abusive babysitter to several foster homes and eventually back to her mother, Grimes endured abuse from every angle.
Her only relief came from books, poetry and writing, and from her faith. Readers will appreciate this intimate look into the formative years that deeply and forever shaped her work. In conversation with Jerdine Nolen. Ages 13 and up. In their groundbreaking Opting Out? A Washington native, Rice, now Distinguished Visiting Research Fellow at the School of International Service at American University, grew up in a family descended from immigrants on one side, slaves on the other.
In her honest and illuminating memoir, she reflects on how this heritage shaped her life, as well as looking back over some thirty years of her distinguished foreign policy career. Ambassador to the U. In their new book Mestrich, president and CEO of Amalgamated Bank, and Pinsky, founder and president of FiveFour Advisors, show how progressives can achieve a financial system that works for, rather than against them. Levingston, nonfiction book editor of The Washington Post , follows his acclaimed Kennedy and King with the first comprehensive account of the partnership between Obama and Biden.
Less celebrated but no less important than civil disobedience, whistleblowing has played an essential role in the health of American democracy since the beginning. In this incisive history and analysis of social media, Marantz, a New Yorker staff writer since , illuminates the gap between what the internet was meant to be and what it has become.
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The main question now, Marantz says, is what the creators of social media can do to reverse the communication crisis they unwittingly helped bring about. Introducing some of the 2, people employed at the Met and guiding us through the offices, storerooms, and conservation studios where they work, Coulson pays tribute to a beloved institution and illuminates both human nature and the deeper life of art.
From The King and I and Fiddler on the Roof to a stunning catalog of ballets, films, and musical theatre productions, Jerome Robbins —a choreographer, dancer, director, and more—left an indelible stamp across the performing arts. Though he never wrote a memoir, this collection of previously unpublished writings gives a marvelous overview of his life, work, and temperament. Ottesen, whose Her work has appeared in The Washington Post for more than a decade, is a writer and photographer who pairs images with interviews to break down barriers and celebrate common ground.
Her first book, Great Americans , explored what it means to be American through a series of portraits of people who bear the names of famous figures. Her new collection celebrating activism features forty change-makers of diverse ages, backgrounds, and perspectives—Bernie Sanders, Angela Davis, Bill McKibben, Alicia Garza—discussing what motivates people to take up a cause and what sustains them during the struggle. Spotlighting issues including voting and reproductive rights, the environment, and economic justice, Ottesen shows, while her subjects tell, what it means to live a life of passion and purpose.
This book is a tender homage to children and the grown-ups who love them that will captivate readers of all ages. Deputy Secretary of the Treasury. There have been many theories about the fate of Jimmy Hoffa, the longtime president of the International Brotherhood of Teamsters, since he disappeared in In this compelling investigation-cum-memoir, Goldsmith, Henry L. Then, with the perspective he gained from serving as assistant attorney general under George W.
This event is free to attend and open to the public. The Den opens at 8 a. Skip to main content. Search form Search. Advanced Search. Detailed Event List. Friday, September 27, pm to pm. By Lara Prescott. Availability: In Stock—Click for Locations. Homesick Hardcover.
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By Robin Pogrebin , Kate Kelly. Published: Portfolio - September 17th, Politics and Prose at The Wharf. By Lauren Duca. By Paul Hendrickson. Tuesday, October 1, pm. Takoma Park , MD For the Record Hardcover. By David Cameron. Washington , DC. Wednesday, October 2, pm to pm. The Enigma of Clarence Thomas Hardcover. By Corey Robin. Published: Metropolitan Books - September 24th, By Susan Schneider. Published: Princeton University Press - October By Flynn Coleman. Wednesday, October 2, pm.