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Main Street in Crisis by Catherine McNicol Stock Pdf
This study of class during the Great Depression is the first to examine a relatively neglected geographical area, the northern plains states of North and South Dakota, from a social and cultural perspective. Surveying the values and ideals of the old midd
Author : Julia C. Ott Publisher : Harvard University Press Page : 348 pages File Size : 52,9 Mb Release : 2011-06-01 Category : Business & Economics ISBN : 9780674061217
When Wall Street Met Main Street by Julia C. Ott Pdf
The financial crisis that began in 2008 has made Americans keenly aware of the enormous impact Wall Street has on the economic well-being of the nation and its citizenry. How did financial markets and institutions-commonly perceived as marginal and elitist at the beginning of the twentieth century-come to be seen as the bedrock of American capitalism? How did stock investment-once considered disreputable and dangerous-first become a mass practice? Julia Ott tells the story of how, between the rise of giant industrial corporations and the Crash of 1929, the federal government, corporations, and financial institutions campaigned to universalize investment, with the goal of providing individual investors with a stake in the economy and the nation. As these distributors of stocks and bonds established a broad, national market for financial securities, they debated the distribution of economic power, the proper role of government, and the meaning of citizenship under modern capitalism. By 1929, the incidence of stock ownership had risen to engulf one quarter of American households in the looming financial disaster. Accordingly, the federal government assumed responsibility for protecting citizen-investors by regulating the financial securities markets. By recovering the forgotten history of this initial phase of mass investment and the issues surrounding it, Ott enriches and enlightens contemporary debates over economic reform.
The Death and Life of Main Street by Miles Orvell Pdf
For more than a century, the term "Main Street" has conjured up nostalgic images of American small-town life. Representations exist all around us, from fiction and film to the architecture of shopping malls and Disneyland. All the while, the nation has become increasingly diverse, exposing tensions within this ideal. In The Death and Life of Main Street, Miles Orvell wrestles with the mythic allure of the small town in all its forms, illustrating how Americans continue to reinscribe these images on real places in order to forge consensus about inclusion and civic identity, especially in times of crisis. Orvell underscores the fact that Main Street was never what it seemed; it has always been much more complex than it appears, as he shows in his discussions of figures like Sinclair Lewis, Willa Cather, Frank Capra, Thornton Wilder, Margaret Bourke-White, and Walker Evans. He argues that translating the overly tidy cultural metaphor into real spaces--as has been done in recent decades, especially in the new urbanist planned communities of Elizabeth Plater-Zyberk and Andres Duany--actually diminishes the communitarian ideals at the center of this nostalgic construct. Orvell investigates the way these tensions play out in a variety of cultural realms and explores the rise of literary and artistic traditions that deliberately challenge the tropes and assumptions of small-town ideology and life.
NEW 2nd Edition (10-16-13) of best selling book that described a superstorm hitting Atlantic City and New York City -- exactly one week before Sandy. Just one of dozens of scenarios in this amazing book. Find out the other forecasts. Rave reviews from experts and Amazon readers. Fully updated and revised. New Introduction by Governor Christine Todd Whitman. For 6,000 years sea level has changed little. Now it it has started rising again, moving the shoreline too. In clear, easy-to-understand language, this book explains: * The science behind sea level rise, plus the myths and partial truths used to confuse the issue. * The surprising forces that will cause sea level to rise for 1,000 years, as well as the possibility of catastrophic rise this century. * Why the devastating economic effects will not be limited to the coasts. * Why coastal property values will go "underwater" long before the land does, perhaps as early as this decade. * Five points of "intelligent adaptation" that can help individuals, businesses, and communities protect investments now and in the future.
An important part of the New Deal, the Modernization Credit Plan helped transform urban business districts and small-town commercial strips across 1930s America, but it has since been almost completely forgotten. In Modernizing Main Street, Gabrielle Esperdy uncovers the cultural history of the hundreds of thousands of modernized storefronts that resulted from the little-known federal provision that made billions of dollars available to shop owners who wanted to update their facades. Esperdy argues that these updated storefronts served a range of complex purposes, such as stimulating public consumption, extending the New Deal’s influence, reviving a stagnant construction industry, and introducing European modernist design to the everyday landscape. She goes on to show that these diverse roles are inseparable, woven together not only by the crisis of the Depression, but also by the pressures of bourgeoning consumerism. As the decade’s two major cultural forces, Esperdy concludes, consumerism and the Depression transformed the storefront from a seemingly insignificant element of the built environment into a potent site for the physical and rhetorical staging of recovery and progress.
A former FDIC chairwoman, who was among the first individuals to acknowledge the full risk of subprime loans, shares expert and insider perspectives on the economic crisis to assess contributing causes and ultimate ramifications.
All the Devils Are Here by Bethany McLean,Joe Nocera Pdf
"Hell is empty, and all the devils are here." -Shakespeare, The Tempest As soon as the financial crisis erupted, the finger-pointing began. Should the blame fall on Wall Street, Main Street, or Pennsylvania Avenue? On greedy traders, misguided regulators, sleazy subprime companies, cowardly legislators, or clueless home buyers? According to Bethany McLean and Joe Nocera, two of America's most acclaimed business journalists, the real answer is all of the above-and more. Many devils helped bring hell to the economy. And the full story, in all of its complexity and detail, is like the legend of the blind men and the elephant. Almost everyone has missed the big picture. Almost no one has put all the pieces together. All the Devils Are Here goes back several decades to weave the hidden history of the financial crisis in a way no previous book has done. It explores the motivations of everyone from famous CEOs, cabinet secretaries, and politicians to anonymous lenders, borrowers, analysts, and Wall Street traders. It delves into the powerful American mythology of homeownership. And it proves that the crisis ultimately wasn't about finance at all; it was about human nature. Among the devils you'll meet in vivid detail: • Angelo Mozilo, the CEO of Countrywide, who dreamed of spreading homeownership to the masses, only to succumb to the peer pressure-and the outsized profits-of the sleaziest subprime lending. • Roland Arnall, a respected philanthropist and diplomat, who made his fortune building Ameriquest, a subprime lending empire that relied on blatantly deceptive lending practices. • Hank Greenberg, who built AIG into a Rube Goldberg contraption with an undeserved triple-A rating, and who ran it so tightly that he was the only one who knew where all the bodies were buried. • Stan O'Neal of Merrill Lynch, aloof and suspicious, who suffered from "Goldman envy" and drove a proud old firm into the ground by promoting cronies and pushing out his smartest lieutenants. • Lloyd Blankfein, who helped turn Goldman Sachs from a culture that famously put clients first to one that made clients secondary to its own bottom line. • Franklin Raines of Fannie Mae, who (like his predecessors) bullied regulators into submission and let his firm drift away from its original, noble mission. • Brian Clarkson of Moody's, who aggressively pushed to increase his rating agency's market share and stock price, at the cost of its integrity. • Alan Greenspan, the legendary maestro of the Federal Reserve, who ignored the evidence of a growing housing bubble and turned a blind eye to the lending practices that ultimately brought down Wall Street-and inflicted enormous pain on the country. Just as McLean's The Smartest Guys in the Room was hailed as the best Enron book on a crowded shelf, so will All the Devils Are Here be remembered for finally making sense of the meltdown and its consequences.
Author : Dean Starkman Publisher : Columbia University Press Page : 385 pages File Size : 52,5 Mb Release : 2014-01-07 Category : Language Arts & Disciplines ISBN : 9780231536288
The Watchdog That Didn't Bark by Dean Starkman Pdf
The Pulitzer Prize-winning reporter details “how the U.S. business press could miss the most important economic implosion of the past eighty years” (Eric Alterman, media columnist for The Nation). In this sweeping, incisive post-mortem, Dean Starkman exposes the critical shortcomings that softened coverage in the business press during the mortgage era and the years leading up to the financial collapse of 2008. He examines the deep cultural and structural shifts—some unavoidable, some self-inflicted—that eroded journalism’s appetite for its role as watchdog. The result was a deafening silence about systemic corruption in the financial industry. Tragically, this silence grew only more profound as the mortgage madness reached its terrible apogee from 2004 through 2006. Starkman frames his analysis in a broad argument about journalism itself, dividing the profession into two competing approaches—access reporting and accountability reporting—which rely on entirely different sources and produce radically different representations of reality. As Starkman explains, access journalism came to dominate business reporting in the 1990s, a process he calls “CNBCization,” and rather than examining risky, even corrupt, corporate behavior, mainstream reporters focused on profiling executives and informing investors. Starkman concludes with a critique of the digital-news ideology and corporate influence, which threaten to further undermine investigative reporting, and he shows how financial coverage, and journalism as a whole, can reclaim its bite. “Can stand as a potentially enduring case study of what went wrong and why.”—Alec Klein, national bestselling author of Aftermath “With detailed statistics, Starkman provides keen analysis of how the media failed in its mission at a crucial time for the U.S. economy.”—Booklist
From Main Street to Wall Street by Jesper Rangvid Pdf
In the long run, economies grow. Over the shorter-term business cycle, economic activity contracts and expands. From Main Street to Wall Street examines both the long-run relation between economic growth and stock returns and the shorter-term business-cycle relation. It examines the complex relationship between the economy and the stock market, and guides readers through the fascinating interaction between economic activity and financial markets. From Main Street to Wall Street draws heavily on data, supporting academic theories with empirical facts, and backing up arguments in intuitive ways. It discusses how investors can use knowledge of economic activity and financial markets to formulate expectations to future stock returns, and helps scholars and practitioners navigate financial markets by understanding the economy.
The Insect Crisis: The Fall of the Tiny Empires That Run the World by Oliver Milman Pdf
A devastating examination of how collapsing insect populations worldwide threaten everything from wild birds to the food on our plate. From ants scurrying under leaf litter to bees able to fly higher than Mount Kilimanjaro, insects are everywhere. Three out of every four of our planet’s known animal species are insects. In The Insect Crisis, acclaimed journalist Oliver Milman dives into the torrent of recent evidence that suggests this kaleidoscopic group of creatures is suffering the greatest existential crisis in its remarkable 400-million-year history. What is causing the collapse of the insect world? Why does this alarming decline pose such a threat to us? And what can be done to stem the loss of the miniature empires that hold aloft life as we know it? With urgency and great clarity, Milman explores this hidden emergency, arguing that its consequences could even rival climate change. He joins the scientists tracking the decline of insect populations across the globe, including the soaring mountains of Mexico that host an epic, yet dwindling, migration of monarch butterflies; the verdant countryside of England that has been emptied of insect life; the gargantuan fields of U.S. agriculture that have proved a killing ground for bees; and an offbeat experiment in Denmark that shows there aren’t that many bugs splattering into your car windshield these days. These losses not only further tear at the tapestry of life on our degraded planet; they imperil everything we hold dear, from the food on our supermarket shelves to the medicines in our cabinets to the riot of nature that thrills and enlivens us. Even insects we may dread, including the hated cockroach, or the stinging wasp, play crucial ecological roles, and their decline would profoundly shape our own story. By connecting butterfly and bee, moth and beetle from across the globe, the full scope of loss renders a portrait of a crisis that threatens to upend the workings of our collective history. Part warning, part celebration of the incredible variety of insects, The Insect Crisis is a wake-up call for us all.
Author : Jacques Dalibard,Heritage Canada Publisher : University of Toronto Press Page : 264 pages File Size : 50,5 Mb Release : 1985 Category : Political Science ISBN : UOM:39015009423438
The novel written by Sinclair Lewis is set in the small town of Gopher Prairie, Minnesota, a fictionalized version of Sauk Centre, Minnesota. The novel takes place in the 1910s, with references to the start of World War I, the United States' entry into the war, and the years following the end of the war, including the start of Prohibition. Satirizing small-town life, Main Street is perhaps Sinclair Lewis's most famous book, and led in part to his eventual 1930 Nobel Prize for Literature. It relates the life and struggles of Carol Milford Kennicott as she comes into conflict with the small-town mentality of the residents of Gopher Prairie. Highly acclaimed upon publication, Main Street remains a recognized American classic.
Author : Lisle A. Rose Publisher : University Press of Kansas Page : 414 pages File Size : 49,6 Mb Release : 1999-02-01 Category : History ISBN : 9780700621880
The Cold War Comes to Main Street by Lisle A. Rose Pdf
In 1950, Main Street America-restored by victories in a global war and hopeful for a prosperous and peaceful future-was abruptly traumatized. The sudden prospect of thermonuclear war with the Soviet Union, Senator Joseph McCarthy's vicious anticommmunist crusade, and the beginning of the Korean War all combined to dampen the public mood. In the wake of these events, the Cold War invaded every home and convinced millions of Americans that the liberal establishment created by Franklin Roosevelt and sustained by Harry Truman had betrayed the public trust and placed the nation in mortal peril. Revealing the intense interplay between foreign policy, domestic politics, and public opinion, Lisle Rose argues that 1950 was a pivotal year for the nation. Thermonuclear terror brought "a clutching fear of mass death" to the forefront of public awareness, even as McCarthy's zealous campaign to root out "subversives" destroyed a sense of national community forged in the Great Depression and World War II. The Korean War, with its dramatic oscillations between victory and defeat, put the finishing touches on the national mood of crisis and hysteria. Drawing upon recently available Russian and Chinese sources, Rose sheds much new light on the aggressive designs of Stalin, Mao, and North Korea's Kim Il Sung in East Asia and places the American reaction to the North Korean invasion in a new and more realistic context. Rose argues that the convergence of Korea, McCarthy, and the Bomb wounded the nation in ways from which we've never fully recovered. He suggests, in fact, that the convergence may have paved the way for our involvement in Vietnam and, by eroding public trust in and support for government, launched the ultra-Right's campaign to dismantle the foundations of modern American liberalism. Engagingly written, The Cold War Comes to Main Street is a sophisticated synthesis that cuts to the core of a half-century of postwar national paranoia. It calls into question the assumptions of several generations of scholars about foreign affairs and domestic policies and will force readers to reconsider their assumptions about just when-and how-the nation lost its sense of community, confidence, and civility.