The People’s Money

The People’s Money PDF Author: Paola Subacchi
Publisher: Columbia University Press
ISBN: 0231543263
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge? In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future.

The People’s Money

The People’s Money PDF Author: Paola Subacchi
Publisher: Columbia University Press
ISBN: 0231543263
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
Many of the world's major economies boast dominant international currencies. Not so for China. Its renminbi has lagged far behind the pound, the euro, and the dollar in global circulation—and for good reason. China has long privileged economic policies that have fueled development at the expense of the renminbi's growth, and it has become clear that the underpowered currency is threatening China's future. The nation's leaders now face the daunting task of strengthening the currency without losing control of the nation's economy or risking total collapse. How are they approaching this challenge? In The People's Money, Paola Subacchi introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Subacchi revisits the policies that fostered the country's economic rise while at the same time purposefully creating a currency of little use beyond China's borders. She shows the key to understanding China's economic predicament lies in past and future strategies for the renminbi. The financial turbulence following the global crisis of 2008, coupled with China's ambitions as a global creditor and chief economic power, has forced the nation to reckon with the limited international circulation of the renminbi. Increasing the currency's reach will play a major role in securing China's future.

The People's Money

The People's Money PDF Author: Scott Rasmussen
Publisher: Simon and Schuster
ISBN: 1451666128
Category : Political Science
Languages : en
Pages : 290

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Book Description
When it comes to the economy, American voters can no longer count on the Political Class. We are the ones who truly want progress, and—despite what politicians would lead us to believe—we are the only ones willing to make the difficult but necessary changes that willrestore our country’s fiscal sanity. For years, Americans have elected candidates who promise to reduce spending. Yet spending has steadily increased for more than half a century. For just as long, politicians have blamed voters, claiming a lack of public support for the necessary cuts to reduce the budget deficit. On the contrary, evidence suggests that voters are far more willing than politicians to make the compromises to eliminate this massive burden from future generations. Now, influential political analyst Scott Rasmussen, one of the most recognized public opinion pollsters in America, proves that our politicians are intentionally perpetrating a flat-out lie about their short-sighted and destructive economic choices and our hard-earned money. In The People’s Money, Rasmussen explores clear-headed, responsible, and reasonable ways to eliminate a deficit that is much larger than politicians would have us believe—$123 trillion and counting—all with the vast support of the American people. This is Rasmussen on: ·The bailouts—the cause and effects, and the catalyst that fueled the current era of discontent ·National defense—and the $100 billion annual cost that could be erased today with absolutely no threat to security ·Social security—and a plan that could not only reduce spending by trillions of dollars but offer a more satisfying plan for retirees ·Tax burdens—and the truth behind the changes Americans are willing to make for the sake of their country ·Government payroll—and the commonsense cuts that are necessary ·Health care—and why the current plans, from both Republicans and Democrats, are financially unhealthy Drawing on a comprehensive review of history, revelatory budgetary documents, and enlightening public opinion polls, Rasmussen lays out a step-by-step budget that could wipe out trillions from the national debt. It’s his job to call on the American people for their opinion. Resoundingly, they have called back with a collective voice that is at once hopeful, frustrated, honest, and angry. If only the American Political Class would listen. Until then, The People’s Money is a call to arms for the people to be heard, an ultimatum for a grossly out-of-touch American political system, and one of the most provocative, important, informed, and yet hopeful books on the economic state of the country yet written.

Other People's Money

Other People's Money PDF Author: John Kay
Publisher: PublicAffairs
ISBN: 1610396049
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship of existing ones, and far too much to secondary-market dealing in existing assets. Regulation has contributed more to the problems than the solutions. Why? What is finance for? John Kay, with wide practical and academic experience in the world of finance, understands the operation of the financial sector better than most. He believes in good banks and effective asset managers, but good banks and effective asset managers are not what he sees. In a dazzling and revelatory tour of the financial world as it has emerged from the wreckage of the 2008 crisis, Kay does not flinch in his criticism: we do need some of the things that Citigroup and Goldman Sachs do, but we do not need Citigroup and Goldman to do them. And many of the things done by Citigroup and Goldman do not need to be done at all. The finance sector needs to be reminded of its primary purpose: to manage other people's money for the benefit of businesses and households. It is an aberration when the some of the finest mathematical and scientific minds are tasked with devising algorithms for the sole purpose of exploiting the weakness of other algorithms for computerized trading in securities. To travel further down that road leads to ruin. A Financial Times Book of the Year, 2015 An Economist Best Book of the Year, 2015 A Bloomberg Best Book of the Year, 2015

Other People's Money

Other People's Money PDF Author: Louis Dembitz Brandeis
Publisher: Binker North
ISBN:
Category : Business & Economics
Languages : en
Pages : 250

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Book Description
The great monopoly in this country is money. So long as that exists, our old variety and individual energy of development are out of the question. A great industrial nation is controlled by its system of credit.

Other People's Money

Other People's Money PDF Author: Nomi Prins
Publisher: The New Press
ISBN: 1595586628
Category : Business & Economics
Languages : en
Pages : 342

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Book Description
Critical, independent voices are seldom found within the citadels of international finance. That’s what makes Nomi Prins unique. During fifteen years as an executive at skyscraping banks like Goldman Sachs, Bear Stearns, and Lehman Brothers, Prins never lost her ability to see the broader picture. She walked away from the game in 2002 out of disgust with the burgeoning corporate corruption, just as its magnitude was becoming clear to the public. In this acclaimed exposé, named one of the best books of 2004 by The Economist, Barron’s, Library Journal, and The Progressive, Prins provides fascinating firsthand details of day-to-day life in the financial leviathans, with all its rich absurdities. She demonstrates how the much-publicized fraud of recent years resulted from deregulation that trashed the rules of responsible corporate behavior, and not simply the unbridled greed of a select few. While the stock market roared on the back of phony balance sheets, executives made out like bandits and Congress looked the other way. Worse yet, as the new foreword to the paperback edition makes clear, everything remains in place for a repeat performance.

Give People Money

Give People Money PDF Author: Annie Lowrey
Publisher: Crown
ISBN: 1524758779
Category : Political Science
Languages : en
Pages : 274

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Book Description
A New York Times Book Review Editors' Choice Shortlisted for the 2018 FT & McKinsey Business Book of the Year Award A brilliantly reported, global look at universal basic income—a stipend given to every citizen—and why it might be necessary in an age of rising inequality, persistent poverty, and dazzling technology. Imagine if every month the government deposited $1,000 into your bank account, with nothing expected in return. It sounds crazy. But it has become one of the most influential and hotly debated policy ideas of our time. Futurists, radicals, libertarians, socialists, union representatives, feminists, conservatives, Bernie supporters, development economists, child-care workers, welfare recipients, and politicians from India to Finland to Canada to Mexico—all are talking about UBI. In this sparkling and provocative book, economics writer Annie Lowrey examines the UBI movement from many angles. She travels to Kenya to see how a UBI is lifting the poorest people on earth out of destitution, India to see how inefficient government programs are failing the poor, South Korea to interrogate UBI’s intellectual pedigree, and Silicon Valley to meet the tech titans financing UBI pilots in expectation of a world with advanced artificial intelligence and little need for human labor. Lowrey explores the potential of such a sweeping policy and the challenges the movement faces, among them contradictory aims, uncomfortable costs, and, most powerfully, the entrenched belief that no one should get something for nothing. In the end, she shows how this arcane policy has the potential to solve some of our most intractable economic problems, while offering a new vision of citizenship and a firmer foundation for our society in this age of turbulence and marvels.

Other People's Money

Other People's Money PDF Author: Jerry Sterner
Publisher: Hal Leonard Corporation
ISBN: 1557830622
Category : Drama
Languages : en
Pages : 111

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Book Description
This play concerns the intended hostile take-over of a deserving but obsolescent Rhode Island family business ... --dust jacket.

Other People's Money

Other People's Money PDF Author: Charles V. Bagli
Publisher: Penguin
ISBN: 0142180718
Category : Business & Economics
Languages : en
Pages : 434

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Book Description
A veteran New York Times reporter dissects the most spectacular failure in real estate history Real estate giant Tishman Speyer and its partner, BlackRock, lost billions of dollars when their much-vaunted purchase of Stuyvesant Town–Peter Cooper Village in New York City failed to deliver the expected profits. But how did Tishman Speyer walk away from the deal unscathed, while others took the financial hit—and MetLife scored a $3 billion profit? Illuminating the world of big real estate the way Too Big to Fail did for banks, Other People’s Money is a riveting account of politics, high finance, and the hubris that ultimately led to the nationwide real estate meltdown.

Other People's Money

Other People's Money PDF Author: Justin Cartwright
Publisher: Bloomsbury Publishing USA
ISBN: 1608192733
Category : Fiction
Languages : en
Pages : 274

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Book Description
In the aftermath of a small bank's takeover by the son of an aging owner, actor manager Artair Macleod learns that the monthly grant on which his company depends was orchestrated by his wife in a scandalous affair with the bank owner that is exposed by an eager young reporter. Original. 35,000 first printing.

The People's Money

The People's Money PDF Author: Michael A. Pagano
Publisher: University of Illinois Press
ISBN: 0252051777
Category : Political Science
Languages : en
Pages : 215

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Book Description
American cities continue to experience profound fiscal crises. Falling revenues cannot keep pace with the increased costs of vital public services, infrastructure development and improvement, and adequately funded pensions. Chicago presents an especially vivid example of these issues, as the state of Illinois's rocky fiscal condition compounds the city's daunting budget challenges. In The People's Money, Michael A. Pagano curates a group of essays that emerged from discussions at the 2018 UIC Urban Forum. The contributors explore fundamental questions related to measuring the fiscal health of cities, including how cities can raise revenue, the accountability of today's officials for the future financial position of a city, the legal and practical obstacles to pension reform and a balanced budget, and whether political collaboration offers an alternative to the competition that often undermines regional governance.Contributors: Jered B. Carr, Rebecca Hendrick, Martin J. Luby, David Merriman, Michael A. Pagano, David Saustad, Casey Sebetto, Michael D. Siciliano, James E. Spiotto, Gary Strong, Shu Wang, and Yonghong Wu