The 2008 presidential nominations were unprecedented in many ways. Marking another step in the democratization of the selection process and a surprising loss of control by party elites, the contests in both parties were unusually competitive and the outcomes belied the predictions of experts. This book offers a fresh look at the role of parties, the constraints of campaign finance, the status of front-runners, and the significance of rules, race, and gender in the post-reform era. In this volume, leading scholars assess the state of the process with original research about money, scheduling, superdelegates, and the role of race and gender in voting. Original analyses show how changes in campaign finance and the scheduling of primaries and caucuses helped determined the outcomes in both parties. Race, once thought of as a handicap, proved an asset for the Obama campaign. 2008 marked another milestone in the democratization of the nominations process with expanded participation by rank and file voters in donating money, voting, and using the Internet. This timely book provides a glimpse into the future of party nominations and elections.

The global financial crisis is largely behind us, but the challenges it poses to the future stability of the world’s economic system affects everyone from American families to Main Street businesses to Wall Street financial powerhouses. It has provoked controversy over the best way to reduce the risk of a repeat of what proved to be the worst financial crisis since the Great Depression. To describe those challenges—and the lessons learned—the Hutchins Center on Fiscal and Monetary Policy at Brookings turned to frontline policymakers and some of their most prominent critics. Central Banking after the Great Recession contains the resulting research, leading off with a telling interview between Ben Bernanke, then in his final weeks as Federal Reserve chairman, and Liaquat Ahamed, author of the Pulitzer Prize–winning Lords of Finance. Insightful chapters by John Williams of the San Francisco Federal Reserve Bank, Paul Tucker of Harvard University, and Donald Kohn of Brookings discuss unconventional monetary policy, financial regulation, the impact of the crisis on the independence of the Federal Reserve. Each chapter is followed by a lively debate.

Acclaim for Leo Melamed Escape to the Futures "A well-written, fascinating memoir of a remarkable man of many parts, who arrived in the United States at age 9, fleeing the Holocaust. Almost single-handedly, he transformed a minor commodity exchange into the leading futures market in the world. His influence was and remains worldwide." —Milton Friedman Senior Research Fellow Hoover Institution, Stanford University "There are only a few people who have revolutionized big portions of the business world. Warren Buffett did it in investing, Bill Gates in software. Leo Melamed, author of this book, is in that same league. He truly revolutionized futures trading in the United States, and in the world. This book tells how." —Ambassador Clayton Yeutter Past President of the Chicago Mercantile Exchange Former U.S. Trade Representative "A grizzled old Merc trader once assured me that nobody ever lost by being long on Leo. Why that's so, this endlessly fascinating personal history makes clear. It shows how an immigrant boy, after surviving unimaginable horrors, drew on the 'elan, combativeness, and sophisticated conviction' learned from his equally remarkable father to build the CME and to lay the foundations of the modern, Chicago-based, financial services industry." — Merton H. Miller 1990 Nobel Laureate Emeritus Professor University of Chicago Graduate School of Business "Leo tells it all. To say there would not have been a financial futures industry without Leo is probably only a slight exaggeration!!!" — John Damgard President Futures Industry Association "Escape to the Futures tells the remarkable story of a young boy's escape from the Nazis and the impact of his life on the financial markets of the world. It also serves as yet another poignant reminder of the immeasurable losses —in the arts, sciences, professions, and everyday life—humanity suffered because of the Holocaust." — Benjamin Meed President American Gathering of Jewish Holocaust Survivors He is one of the most powerful figures in the world of finance—a visionary who pioneered the modern futures industry and launched the International Monetary Market (IMM). Yet, Leo Melamed was not born to wealth and influence. His is an extraordinary rags-to-riches tale of intelligence, drive, savvy, timing, and the overpowering force of a uniquely charismatic personality. Now the inside story of the remarkable life and career of Leo Melamed is revealed in this long-awaited autobiography. A Holocaust survivor, Leo Melamed had barely begun the first grade in 1939 when he and his parents fled their native Poland one step ahead of the oncoming Nazi juggernaut. Crossing Siberia en route to a brief stay in Japan—just months before Pearl Harbor—the family arrived in the United States to begin life anew. They settled in Chicago, where young Leo became a product of the inner city and embraced his new country and its culture. Seeking part-time employment while attending law school, Leo Melamed answered a classified ad that would change his life. Hired by what he presumed was a law firm named Merrill, Lynch, Pierce, Fenner & Bean, he found himself on the floor of the Chicago Mercantile Exchange. "I was Alice stepping through the Looking Glass into a world of not just one Mad Hatter, but hundreds. The shouting among the traders, the movement of their bodies and hands, captivated me like nothing before . . . there was a life force on that floor that was magical and exciting, and though I didn't understand what was going on, I wanted to be a part of it." Leo Melamed became much more than just a part of it. From modest beginnings as a pork belly trader, he led the Chicago Merc for the next quarter of a century, introducing finance to an industry that was the exclusive domain of agriculture. As his reputation as a financial genius grew, so did the tales of his larger-than-life personality. In Leo Melamed: Escape to the Futures, you'll meet the man behind the legend. Written with the assistance of award-winning journalist Bob Tamarkin, this enthralling memoir deftly weaves intimate personal details with behind-the-scenes accounts of some of the most momentous financial events of our century—including Leo's role as advisor to the White House after the Hillary Rodham Clinton cattle futures trading episode. You'll read fascinating accounts of his dealings with political powerhouses like Bob Dole, Tip O'Neill, Dan Rostenkowski, and others. Offering penetrating insights into the workings of a multibillion dollar industry, this is a story that has as much to say about human nature as it does about the nature of today's markets. Hailed as both hero and tyrant, Leo Melamed is undeniably one of the most colorful and intriguing personalities of our time. This intimate, revealing personal account is not to be missed.

The riveting tale of how the wanabee aristo Conrad Black and his social-mountaineering wife Barbara gulled their way into the City, the Tory party, Wall Street and High Society. This new paperback edition will be fully updated to include details of Black's high-profile trial for corporate fraud, sure to claim international attention. The rise and fall of the media tycoon Conrad Black is rivalled in its spectacular extravagance only by the machinations of his social-mountaineering wife, Barbara Amiel. Together their story of overweening ambition and greed is a modern-day classic of hubris. There is no bolder or better-informed chronicler of the follies of the rich and powerful than Tom Bower. Fearless in the approach which has brought him accolades for his gripping exposés of Robert Maxwell, Tiny Rowland, Mohammed Fayed and Richard Branson, Bower reveals how the Blacks financed a billionaire's lifestyle and won friends and influence in London and New York. Born into considerable wealth in Canada, Conrad Black bought and sold (but never effectively managed) several businesses, from mining and tractors to broadcasting companies and newspapers. In 1985 he bought the Telegraph group in London, where very little was known of the controversy over his past financial dealings. In 1992 he married Barbara Amiel, who later famously said, 'I have an extravagance that knows no bounds'. Besotted with his wife, he began living way beyond his means. Fabulous parties, jewellery, clothes, private jets and homes followed. In 2003 an independent report in America accused him of 'outright fraud', 'ethical corruption' and 'corporate kleptocracy' - allegations that he will vigorously deny at his trial in Chicago in 2007. This edition will be updated to include the full story of the trial in all its sensational detail. Tom Bower's book, based on over 150 interviews with bankers, politicians, celebrities, power-brokers and close friends, is packed with intimate revelations. It is a hugely entertaining account of gullibility in high places.

The author of America’s Hidden Success launches a daring and appealing political and economic plan to restore American unity and prosperity. Today, bitter partisanship has sunk our politics into unending stalemate, millions of Americans are struggling to get ahead financially, and cynicism about the effectiveness and fairness of our political processes grows continually deeper. The country needs practical, principled, and unifying solutions, rather than continued finger-pointing across the aisle. In Common Credo , acclaimed author John E. Schwarz charts a highly original path out of this morass, one that both liberals and conservatives can rally around. Delving deeply into the words and actions of the Founders themselves, he uncovers a set of core principles involving freedom, equality, and other key values that, despite our surface ideological differences, nearly all Americans still endorse today. When implemented, the principles provide a specific model for how our politics and economy should operate—one that fulfills both conservatives' call for individual liberty with strictly limited government and liberals’ emphasis on collective responsibility and truly sufficient opportunity for all. Schwarz calls this powerful model the "Common Credo." Schwarz then illustrates how this Credo has been abandoned over the past four decades by Democrats and Republicans alike, leading to the political and economic marginalization of a majority of Americans and nearly every political and economic problem we currently face, from the economy’s collapse to the partisan gridlock in Congress. By misunderstanding the Founders’ basic principles, both present-day liberalism and conservatism have helped create the problems and will continue to do so if we don’t find an alternative approach. The Common Credo is that alternative. Only by re-engaging it can we arrive at precise and innovative policy solutions to our most pressing challenges—attaining sustainable economic growth and widespread prosperity; re-empowering the middle class; successfully reforming our health care, education, and campaign finance systems; curbing government waste; and reducing national deficits and debt, among others. Schwarz shows, for example, how applying the logic behind our 1950s tax structure to today's compensation policy can boost middle-class wage gains without raising taxes or spending one cent. Or how combining a carbon-fee plan with targeted rebates can underpin a climate control policy that pays for itself. Laying out these and other solutions in accessible, step-by-step detail, Schwarz engagingly demonstrates how the Common Credo alone holds the key to reuniting Americans and getting us back on the path to success.