5 results for "Business"

Overhaul: an insider's account of the Obama administration's emergency rescue of the auto industry

Rattner, Steven
The first real look inside Team Obama—due just before the 2010 elections—mixes political warfare and big business shakeups in equal proportions, and comes from a uniquely informed source. Steve Rattner is not just the man brought in by the president to save the auto industry, he is a former New York Times financial reporter who also earned a place among the top tier of Wall Street’s most informed investment bankers and corporate experts. Now, from his vantage point at the helm of the historic auto-industry intervention, Rattner crafts a tightly plotted narrative of political brinkmanship, corporate mismanagement, and personalities under pressure in a high-stakes clash between Washington and Detroit. He also explains the tough choices he and his team made, working against a ticking clock and facing vocal opposition from free market champions, to keep Chrysler and General Motors in operation. As the economy faced free fall, Obama, Treasury Secretary Tim Geithner, and economic advisor Larry Summers—all revealingly described—faced the possibility of more than a million lost jobs and the astonishing wreckage of GM (a nightmare of huge proportions, caused by terrible management) and Chrysler (a company so close to death it was nearly sacrificed). Rattner’s book—which will take the story up to the fall of 2010—is a gripping account of one of the severest crises of President Obama’s first year in office, with lessons relevant for all managers and executives.
Houghton Mifflin Harcourt 2010 336 pages

Raw deal: how the "Uber economy" and runaway capitalism are screwing American workers

Hill, Steven
"Every day, innovative entrepreneurs pioneer bold economic ideas that change the way we live and work. Companies like Google, Apple, Oracle, Facebook and Twitter aren't the only ones shaping our economic future--there's another trend emerging that will change the ways we work and live. The "sharing economy," or the "collaborative consumption economy," includes companies like TaskRabbit, Airbnb, Uber, Lyft, Zaarly, and DocVacay who are purveyors of an economic system that revolves around sharing human and physical resources. This new aspect to the economy, Steven Hill argues, is a dead end for U.S. workers, as well as for the national economy. In Raw Deal, Hill shows the "sharing economy" is a new and troubling component to what is an overall bad economy that undermines workers. Vulnerable freelancers and day laborers hire themselves out for ever smaller jobs and amounts of money, and it is only the companies who hire them who reap the big benefits. Hill argues that we must shift the support for American workers to one that is individual-based rather than workplace-based. Countering the onset of the freelance society and the new economy is the new civil rights and labor struggles of our time. This important book answers these questions and provides pragmatic solutions to adapt our economic system to its new realities, launching a new civil rights struggle capable of transforming the freelance society into a stakeholder society"--
St. Martin's Press 2015-10-20 326 pages

America in retreat: the new isolationism and the coming global disorder

Stephens, Bret
"A world in which the leading liberal-democratic nation does not assume its role as world policeman will become a world in which dictatorships contend, or unite, to fill the breach. Americans seeking a return to an isolationist garden of Eden--alone and undisturbed in the world, knowing neither good nor evil--will soon find themselves living within shooting range of global pandemonium." --From the Introduction In a brilliant book that will elevate foreign policy in the national conversation, Pulitzer Prize-winning columnist Bret Stephens makes a powerful case for American intervention abroad. In December 2011 the last American soldier left Iraq. "We're leaving behind a sovereign, stable, and self-reliant Iraq," boasted President Obama. He was proved devastatingly wrong less than three years later as jihadists seized the Iraqi city of Mosul. The event cast another dark shadow over the future of global order--a shadow, which, Bret Stephens argues, we ignore at our peril. America in Retreat identifies a profound crisis on the global horizon. As Americans seek to withdraw from the world to tend to domestic problems, America's adversaries spy opportunity. Vladimir Putin's ambitions to restore the glory of the czarist empire go effectively unchecked, as do China's attempts to expand its maritime claims in the South China Sea, as do Iran's efforts to develop nuclear capabilities. Civil war in Syria displaces millions throughout the Middle East while turbocharging the forces of radical Islam. Long-time allies such as Japan, Saudi Arabia, and Israel, doubting the credibility of American security guarantees, are tempted to freelance their foreign policy, irrespective of U.S. interests. Deploying his characteristic stylistic flair and intellectual prowess, Stephens argues for American reengagement abroad. He explains how military intervention in Iraq and Afghanistan was the right course of action, foolishly executed. He traces the intellectual continuity between anti-interventionist statesmen such as Henry Wallace and Robert Taft in the late 1940s and Barack Obama and Rand Paul today. And he makes an unapologetic case for Pax Americana, "a world in which English is the default language of business, diplomacy, tourism, and technology; in which markets are global, capital is mobile, and trade is increasingly free; in which values of openness and tolerance are, when not the norm, often the aspiration." In a terrifying chapter imagining the world of 2019, Stephens shows what could lie in store if Americans continue on their current course. Yet we are not doomed to this future. Stephens makes a passionate rejoinder to those who argue that America is in decline, a process that is often beyond the reach of political cures. Instead, we are in retreat--the result of faulty, but reversible, policy choices. By embracing its historic responsibility as the world's policeman, America can safeguard not only greater peace in the world but also greater prosperity at home. At once lively and sobering, America in Retreat offers trenchant analysis of the gravest threat to global order, from a rising star of political commentary.
Sentinel, an imprint of Penguin Random House LLC 2015 269 pages

Back to full employment

Pollin, Robert
Why we should put full employment back on the national agenda and how we can summon the political will to achieve it. Full employment used to be an explicit goal of economic policy in most of the industrialized world. Some countries even achieved it. In Back to Full Employment , economist Robert Pollin argues that the United States--today faced with its highest level of unemployment since the Great Depression--should put full employment back on the agenda. There are good reasons to seek full employment, Pollin writes. Full employment will help individuals, families, and the economy as a whole, while promoting equality and social stability. Equally important, creating a full-employment economy can be joined effectively with two other fundamental policy aims: ending our dependence on fossil fuels and creating an economy powered by clean energy. Explaining views on full employment in macroeconomic theory from Marx to Keynes to Friedman, Pollin argues that the policy was abandoned in the United States in the 1970s for the wrong reasons, and he shows how it can be achieved today despite the serious challenges of inflation and globalization. Pollin believes the biggest obstacle to creating a full-employment economy is politics. Putting an end to the prevailing neoliberal opposition to full employment will require nothing less than an epoch-defining reallocation of political power away from the interests of big business and Wall Street and toward the middle class, working people, and the poor, while mounting a strong defense of the environment. In the end, achieving full employment will be a matter of political will: Can the United States make having a decent job a fundamental right?
MIT Press 2012 188 pages

Central banking after the Great Recession: lessons learned, challenges ahead

David Wessel
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.
Brookings Institution Press 2014-04-28 113 pages