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The author of the widely praised Age of Greed now gives us a bold indictment of some of our most accepted economic theories-- why they're wrong, the harm they've done, and the theories that would vastly improve on them. Jeff Madrick-- former New York Times business columnist and now Harper's economics columnist-- mounts a comprehensive case against prevailing mainstream economic thinking, illustrating how it has damaged markets, infrastructure, and...
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From thriving Motor City to the largest municipal bankruptcy in American history, Detroit has become the nation's cautionary tale. But what led to the fateful day of the filing, and how did the city survive this crisis? Journalist Nathan Bomey delivers the inside story of Detroit's decline and the people who fought to save it against impossible odds: governor Rick Snyder, a self-proclaimed nerd; emergency manager Kevyn Orr, a lawyer with singular...
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"In 2009, at the peak of the financial crisis, AIG -- the American insurance behemoth -- was sinking fast. It was the peg upon which the nation hung its ire and resentment during the financial crisis -- the pinnacle of Wall Street arrogance and greed. When Bob Benmosche climbed aboard as CEO, it was widely assumed that he would go down with his ship. In mere months, he turned things around, pulling AIG from the brink of financial collapse and restoring...
5) Crash
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"With debt-burdened governments and businesses worldwide about to go bust, a cabal of Wall Street big shots plot to destroy the globe's stock exchanges. To provide that one thing that goes wrong. In 24 hours, a powerful computer worm will smash the exchanges and spark an international panic, pushing a debt-laden world into the abyss. The Wall Street gang's investment bank will be the last one standing, able to make a killing amid the ruins. But one...
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