GUARDIANS OF PROSPERITY-WHY AMERICA NEEDS BIG BANKS
Since the financial crisis, amid outrage at the likes of Citigroup and JPMorganChase and Washington’s rejiggering of the financial system, the banking industry has had one major defender: Richard X. Bove. Now he explains why big banks are the nation’s lifeline to success, and why financial disaster will ensue if we make it impossible for them to fill their role in the economy.
Bove argues that big banks are necessary to ensure America’s position in global finance; to assist corporations in achieving their goals against foreign competition; and, most importantly, to defend the average household’s access to financial services.
5 in stock
|Dimensions||23 x 15 x 2 cm|
Returns and Exchanges
There are a few important things to keep in mind when returning a product you purchased.You can return unwanted items by post within 7 working days of receipt of your goods.
- You have 14 calendar days to return an item from the date you received it.
- Only items that have been purchased directly from Us.
- Please ensure that the item you are returning is repackaged with all elements.
Ship your item back to Us
Firstly Print and return this Returns Form to:
30 South Park Avenue, San Francisco, CA 94108, USA
Please remember to ensure that the item you are returning is repackaged with all elements.
For more information, view our full Returns and Exchanges information.
Examines the rise and fall of Ireland's economy due to the global financial crisis of 2008, incompetence, and political corruption.
The death of the Celtic tiger is not an extinction event to trouble naturalists. There was, in fact nothing natural about this tiger, if it ever really existed. The "Irish Economic miracle" was built on good old-fashioned subsidies (from the European Union) and the simple fact that until the 1980s Ireland was by the standards of the developed world so economically backward that the only way was up. And as it began to catch up to European and American averages, the Irish economy could boast some seemingly remarkable statistics. These lured in investors, the Irish deregulated and all but abandoned financial oversight, and a great Irish financial ceilidh began. It would last for a decade. When the global financial crash of 2008 arrived it struck Ireland harder than anywhere - even Iceland looked like a model of rectitude compared to the fiasco that stretched from Cork to Dublin. There was an avalanche of statistics as toxic as the property-based assets that lay beneath many of them: * The International Monetary Fund was predicting that Ireland's Gross Domestic Product (GDP) would shrink by 13.5 per cent in 2009 and 2010 - the worst performance among all the advanced economies and one of the worst ever recorded in peacetime in the developed world. * Government debt almost doubled in a year. * In May 2008, EURO13.5 million was paid for a 450-acre farm in Warrenstown, County Meath - one of the highest prices ever paid for agricultural land anywhere in the world. By 2009 the level of debt among Irish households and companies was the highest in the European Union. * The country's gross indebtedness was larger than Japan's, which has thirty times the population. * Between 1994 and 2006, the average second-hand house price in Dublin increased from EURO82,772 to EURO512,461 - a rise of 519 per cent. By 2009 Irish house prices had fallen more rapidly than any others in Europe. * With a fifth of its office spaces empty, Dublin had the highest vacancy rate of any European capital and was rated as having the worst development and investment potential of twenty-seven European cities. * The Irish stock exchange fell by 68 per cent in 2008 * The average Irish family had lost almost half its financial assets * Unemployment rose faster than in any other Western European country, increasing by 85 per cent in a year. * Ireland's bad bank, the National Assets Management Agency (Nama), which had to take over EURO90 billion in loans to developers from banks that would otherwise be insolvent holds more assets [sic] than any publicly quoted property company in the world, dwarfing giants such as GE Capital Real Estate and Morgan Stanley Real Estate, which own assets of EURO60 billion and EURO48 billion respectively. And under all this rubble lay the corpse of the Celtic Tiger. How Ireland managed to achieve such a spectacular implosion is a stunning story of corruption, carelessness and venality, told with passion and fury by one of Ireland's most respected journalists and commentators.
- Fun, easy-to-understand definitions for words in every letter of the alphabet.
- Silly cartoons make definitions really stick.
- A humorous approach encourages kids to let loose with language, experiment and have fun.
- 384 pages of laughter & learning.
- And more! There are hours of fun words and their meanings to explore with your kids.
- Monthly real-world eating plans
- Hot and healthy workouts that you can fit into a busy schedule
- Ideas to up the feel-good moments in your day
"I wanted to do a PhD in the area of calorie restriction and fasting," she says. "I wanted to find out: do you really have to diet every single day to lose weight? I noticed that people just weren't able to stick to calorie restriction programs for more than about a month or two. Everyone dropped off of their diet. I thought: 'is there a way to manipulate that eating pattern that will allow people to stick to it longer? Maybe you could diet every other day?' That way you can always look forward to the next day, where you can eat whatever you want. Maybe that would help people kind of stick to these diets?"As it turns out, her hunch was correct. Alternate-day fasting has a far greater retention- and compliance rate compared to conventional all-day fasting regimens. The preferred version of intermittent fasting, which simply calls for restricting your eating to a narrower window of about six to eight hours or so each day, also has a far greater success rate than more extensive fasting protocols.