"Plunder is a startling investigation into the poorly understood, powerful force of private equity that is reshaping the American economy: raising prices, reducing quality, cutting jobs, increasing inequality, and shifting resources from productive parts of the economy to unproductive ones. Already transformative, private equity is poised to reshape the American economy in this decade the way that big tech did in the last decade, and subprime lenders the decade before that. And importantly, private equity is doing all of this not just with the acquiescence but the active support of the government. If you've ever wondered what happened to Toys R Us; why your doctor's bills are getting more expensive, why nursing homes are getting worse, why there is a housing shortage, why newspapers in Chicago and Los Angeles have gone downhill and local investigative reporting has dried up, Brendan Ballou's Plunder provides the reason why and provides a reform agenda spelling out how this industry can be stopped from wreaking further havoc. Brendan Ballou shows how private equity firms buy up companies using little or no investment, forcing them to take on huge debts and pay extractive fees, often wringing the life blood out of them, leaving them bankrupt or a shell of their former selves. Private equity's impact extends to the communities that have long depended on now- eviscerated companies for employment and prosperity. Perhaps most startling is Ballou's insight into how this is happening with the active support of government. Through vivid storytelling, Ballou's revelatory explanation of how private equity works shines a light on a part of Wall Street that is hastening the financialization of the American economy and increasing the power of banks and other institutions over companies that make and sell tangible products"--
In response to the economic impact of the COVID-19 pandemic, the US Federal Reserve and central banks worldwide have deployed tools that past policymakers and economists might have considered radical. Programmes like large-scale securities purchases and a new policy framework remain a source of confusion for investors, journalists and ordinary citizens alike.Twenty-First Century Monetary Policy demystifies these opaque techniques to reveal how economic ideas, historical events and political forces have transformed the Fed's policies over several decades. From the stagflation of the 1970s to the Great Recession and the recent pandemic, Ben S. Bernanke masterfully examines how the Fed's policies-and the institution itself-may change as it grapples with persistently low interest rates, systemic financial risk, rapid technological change and polarised politics. With unparalleled depth of expertise and robust historical sweep, Twenty-First Century Monetary Policy is a must-read for anyone interested in understanding modern finance, investments or US economic policy.
"A guide for fiscal policymakers in advanced economies to understand the appropriate policy response to an environment of high national debt and low interest rates"--
One of Porchlight's Business Books of the Year | One of Vox's Best Books of 2023 | An NPR Book of the Day | Required Reading from New York Post | One of Nylon's 13 May Books to Add to Your Reading List | One of PureWow's 14 Books to Read for AAPI Heritage Month | One of W Magazine's 14 Books to Dive Into This Summer | One of Betches' Best Summer Reads of 2023An audacious journalistic exploration of the present and future of beauty through the lens of South Korea's booming "K-beauty" industry and the culture it promotes, by Elise Hu, NPR host-at-large and the host of TED Talks Daily K-beauty has captured imaginations worldwide by promising a kind of mesmerizing perfection. Its skincare and makeup products—creams packaged to look like milkshakes or pandas, and snail mucus face masks, to name a few—work together to fascinate us, champion consumerism, and invite us to indulge. In the four years Elise spent in Seoul as NPR’s bureau chief, the global K-beauty industry quadrupled. Today it's worth $10 billion and is only getting bigger as it rides the Hallyu wave around the globe. And fun as self-care consumerism may be, Elise turns her veteran eye to the darker questions lurking beneath the surface of this story. When technology makes it easy to quantify and optimize ourselves—from banishing blemishes, to whittling our waistlines, even to shaving down our jaws—where do we draw the line? What are the dangers for a society where a flawless face and body are promoted and possible? What are the real financial, physical, and emotional costs of beauty work in a culture that valorizes endless self-improvement and codes it as empowerment? With rich historical context and deep reporting, including hours of interviews with South Korean women, this is a complex, provocative look at the ways hustle culture has reached into the sinews of our bodies. It raises complicated questions about gender disparity, consumerism, the beauty imperative of an appearance obsessed society, and the undeniable political, economic, and social capital of good looks worldwide. And it points the way toward an alternative vision, one that's more affirming and inclusive than a beauty culture led by industry.
Sometimes the world comes at you fast, and trying to figure out your finances in shifting realities can really break your brain-and your bank accounts! When life is overwhelming, getting out a pencil and paper and working out your numbers can seem impossible. Erin Lowry's Broke Millennial series has been helping people get their financial lives in order for years, and now readers can roll up their sleeves and work out their finances alongside her in this practical and endlessly useful workbook. From working out the correct amount you need in your emergency fund and creating an effective attack plan for your debt to writing out scripts to discuss ?taboo? money topics and set boundaries with family and friends, this book covers every nook and cranny of your financial landscape.
All hail the new masters of Capitalism: How asset managers acquired the world
AN INSTANT NEW YORK TIMES BESTSELLERFrom New York Times Bestselling author Scott Galloway comes an urgent examination of the future of America and the reasons behind its current social and economic crisisIn Adrift, Scott Galloway looks from the past to the present - from 1945 to the 2020s - to reveal how America has reached its current state of political, social and economic crisis. It is on the brink of massive change, change that will disrupt the working of its economy and drastically impact its financial backbone, the middle class. Telling America's story through 100 charts, Galloway demonstrates how crises such as Jim Crow, World War II, and the Stock Market Crash of 2008, as well as the escalating power of technology, an entrenched white patriarchy, and the socio-economic effects of the pandemic, created today's perfect storm. Adrift seeks to make sense of it all, and offers Galloway's unique take on where America is headed and what it will become. It's a vital guide for anyone who wants to understand the state the country is in and how and why its influence on the world has changed.
'Gonzo brilliance ... unique and highly entertaining' Financial Times'Revelatory reading' Adam Tooze, author of Crashed'After reading Quinn Slobodian's new book, you are not likely to think about capitalism the same way' JacobinLook at a map of the world and you'll see a neat patchwork of nation-states. But this is not where power actually resides. From the 1990s onwards, globalization has shattered the map, leading to an explosion of new legal entities: tax havens, free ports, city-states, gated enclaves and special economic zones. These new spaces are freed from ordinary forms of regulation, taxation and mutual obligation - and with them, ultracapitalists believe that it is possible to escape the bonds of democratic government and oversight altogether.Historian Quinn Slobodian follows the most notorious radical libertarians - from Milton Friedman to Peter Thiel - around the globe as they search for the perfect home for their free market fantasy. The hunt leads from Hong Kong in the 1970s to South Africa in the late days of apartheid, from the neo-Confederate South to the medieval City of London, and finally into the world's oceans and war zones, charting the relentless quest for a blank slate where capitalism and democracy can be finally uncoupled.Crack-Up Capitalism is a propulsive history of the recent past, and an alarming view of our near future.
From John Mack, former CEO of Morgan Stanley, an intimate personal memoir and riveting business story, recounting how he helped grow the company from 300 to 50,000 employees over four decades, transformed a notoriously competitive culture into a successful and collaborative one, and lead the company through the 2008 financial crisis.During his thirty-four-year tenure at Morgan Stanley, John Mack’s goal was to build the strongest and most productive team on Wall Street. His ability to motivate his employees to do their best work, especially in times of crisis, was fostered by his willingness to slash through bureaucracy and stand up to powerful interests. A forceful personality, one journalist said Mack was “described as ‘charismatic’ so regularly that it could be part of his name.” In Up Close and All In, Mack traces his personal journey from a one-stoplight North Carolina mill town to a fortieth-floor corner office on Wall Street—and shares the life lessons he learned along the way. He developed a titanium-strength stomach for risk, stress, and competition while landing accounts early in his career, as investment banks fought like wolfpacks to take advantage of new deregulation, fielding business raids, booms, and busts. As he rose through the ranks, he never forgot where he came from, relying on his instincts, doing what was right, and listening to his people on the front lines. This culture of trust and collaboration helped Morgan Stanley anticipate future trends before other firms, adapt quickly, and achieve record profits. This gripping memoir includes both humbling lows—like when Mack made the difficult decision to leave Morgan Stanley in 2001—and exhilarating highs—such as when he made an eleventh-hour agreement with the Japanese bank Mitsubishi to save the company during the 2008 financial crisis, having refused to give in when top regulators pressured him to sell the firm for $2 per share. With humor and honesty, Mack shares advice on both business and life: how to create a culture of team players, how to keep perspective during crises, how to make difficult decisions when all eyes are on you, and more. From a singular man who’s as unafraid to cry publicly as he is to anger some of the most powerful people in the world, this is an indispensable guide to living and leading well.
"A must read for anyone who wants to host a great event. Practical, actionable, and useful."- James Clear, Atomic Habits"An encouraging, upbeat, and useful call to host parties and make friends. Gray provides innumerable helpful hints and tips for prospective hosts and a new strategy for meeting people and networking. "-Kirkus Reviews, Best New Books of 2022You know that well-connected friend who only exists in the movies? The one who throws the best parties and can set up any introduction you need?Everyone wants to know someone magical like this who brings people together. The secret is: you can be that person. You should be that person. The 2-Hour Cocktail Party will show you how.Discover a simple formula with step-by-step instructions to host small gatherings. It will help you:Meet new peopleStrengthen your existing relationships, andMake you the person everyone wants to know.You'll learn exactly how to host a successful event:Which days are best (probably not the ones you think!)What to say to the first people who arriveHow to ensure your invitations get responsesHow to get your guests to mingle with proven scriptsExactly how to nicely get people to leavePlus, get helpful pre-party checklists and a breakdown of activities to encourage new connections.The 2-Hour Cocktail Party is based on five years of research and thousands of events. It is extremely tactical, practical, and easy to read.When you learn how to host a successful event, you'll make new friends, boost your career, and leave everyone asking, "When's your next party?"
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