Master of the Senate, Book Three of The Years of Lyndon Johnson, carries Johnson’s story through one of its most remarkable periods: his twelve years, from 1949 to 1960, in the United States Senate. A Los Angeles Times Best Nonfiction Book of the Last 30 Years At the heart of the book is its unprecedented revelation of how legislative power works in America, how the Senate works, and how Johnson, in his ascent to the presidency, mastered the Senate as no political leader before him had ever done. It was during these years that all Johnson’s experience—from his Texas Hill Country boyhood to his passionate representation in Congress of his hardscrabble constituents to his tireless construction of a political machine—came to fruition. Caro introduces the story with a dramatic account of the Senate itself: how Daniel Webster, Henry Clay, and John C. Calhoun had made it the center of governmental energy, the forum in which the great issues of the country were thrashed out. And how, by the time Johnson arrived, it had dwindled into a body that merely responded to executive initiatives, all but impervious to the forces of change. Caro anatomizes the genius for political strategy and tactics by which, in an institution that had made the seniority system all-powerful for a century and more, Johnson became Majority Leader after only a single term-the youngest and greatest Senate Leader in our history; how he manipulated the Senate’s hallowed rules and customs and the weaknesses and strengths of his colleagues to change the “unchangeable” Senate from a loose confederation of sovereign senators to a whirring legislative machine under his own iron-fisted control. Caro demonstrates how Johnson’s political genius enabled him to reconcile the unreconcilable: to retain the support of the southerners who controlled the Senate while earning the trust—or at least the cooperation—of the liberals, led by Paul Douglas and Hubert Humphrey, without whom he could not achieve his goal of winning the presidency. He shows the dark side of Johnson’s ambition: how he proved his loyalty to the great oil barons who had financed his rise to power by ruthlessly destroying the career of the New Dealer who was in charge of regulating them, Federal Power Commission Chairman Leland Olds. And we watch him achieve the impossible: convincing southerners that although he was firmly in their camp as the anointed successor to their leader, Richard Russell, it was essential that they allow him to make some progress toward civil rights. In a breathtaking tour de force, Caro details Johnson’s amazing triumph in maneuvering to passage the first civil rights legislation since 1875. Master of the Senate, told with an abundance of rich detail that could only have come from Caro’s peerless research, is both a galvanizing portrait of the man himself—the titan of Capital Hill, volcanic, mesmerizing—and a definitive and revelatory study of the workings and personal and legislative power.

In My Life as a Quant, Emanuel Derman relives his exciting journey as one of the first high-energy particle physicists to migrate to Wall Street. Page by page, Derman details his adventures in this field—analyzing the incompatible personas of traders and quants, and discussing the dissimilar nature of knowledge in physics and finance. Throughout this tale, he also reflects on the appropriate way to apply the refined methods of physics to the hurly-burly world of markets.

"The extraordinary story of the Nazi-era scientific genius who discovered how cancer cells eat-and what it means for how we should. The Nobel laureate Otto Warburg-a cousin of the famous finance Warburgs-was widely regarded in his day as one of the most important biochemists of the twentieth century, a man whose research was integral to humanity's understanding of cancer. He was also among the most despised figures in Nazi Germany. As a Jewish homosexual living openly with his male partner, Warburg represented all that the Third Reich abhorred. Yet Hitler and his top advisors dreaded cancer, and protected Warburg in the hope that he could cure it"--

Originally published in Belgrade in 1969 and never before translated into English, Early Sorrows is a stunning group of linked stories that memorialize Danilo Kis's childhood. Kis, a writer of incomparable originality and eloquence, famous for his books The Encyclopedia of the Dead, Hourglass, and A Tomb for Boris Davidovich, was born in 1935 in Subotica, Yugoslavia, near the Hungarian border. "Back and forth over this land, during Danilo Kis's childhood, armies and ideologies washed with the brutal regularity of surf," William Gass noted in The New York Review of Books. "As a small boy and a Jew, in such circumstances, he was naturally surrounded by death and lies." All of the works of Danilo Kis show the crucial importance of his childhood experiences, but it is Early Sorrows that goes to the wellspring of his first bereavements. The twenty pieces that make up Early Sorrows strike various tones--from dreamy pastorals to exercises in horror. Kis's ingenuity, lyricism, and tonal subtlety are caught in all their luster by Michael Henry Heim. Early Sorrows centers on Andreas Sam, a highly intelligent boy whose life at first seems secure. His mother and sister dote on him; he excels at school; when he is hired out as a cowherd to help with the family's finances, he reads the day away in the company of his best friend, the dog. He can only sense that terrible things may be going on in the world. Soon soldiers are marching down the road, and then one day, many people from the village are herded together and taken away, among them, his father, the dreamer.

George Soros has done more for open societies than any other private citizen in the world. In Underwriting Democracy he describes his experiences helping to bring about democratic change in Eastern Europe—experiences that are especially relevant now that our country has begun to intervene (though in an entirely different way than Soros) to create functioning democracies. Throughout the 1980s George Soros worked to identify and fund the growing political movements that caused the downfall of Eastern Europe's Communist governments. He established foundations, first in his native Hungary, and then in eight other countries, and used them to finance everything from the installation of previously forbidden copying machines in public libraries to the creation of experimental schools, clubs, and workshops for the support of dissidents. This unprecedented, and brilliant, financial and logistical support helped to bring down the communist regimes in peaceful revolutions across the continent. These are thrilling stories about facing down—and getting past—the Communist party powers in order to change these nations from the inside out .

One of the most glamorous and successful politicians in Canadian history In this masterful and engaging biography, acclaimed journalist Steve Paikin brings to life John Turner (1929-2020), one of the most glamorous and successful politicians in Canadian history. Born in England, raised in BC, Turner was a champion sprinter and a Rhodes scholar who captured the national imagination as escort for Princess Margaret on her 1959 Canadian tour. Elected to Parliament in 1962, he served in Prime Minister Lester Pearson's cabinet and as Pierre Trudeau's attorney general, minister of justice, and finance minister. In 1984, he won a hotly-contested Liberal leadership contest and served a brief four months as Canada's seventeenth prime minister before falling to Brian Mulroney in a Progressive Conservative landslide. In this surprisingly candid and personal book, Paikin draws on unprecedented access to Turner's personal and public papers to show how he struggled to meet the towering expectations that came with his abundant gifts, and keep his faith in Canadian democracy despite the challenges of his own career.

A masterful biographer now offers a thrilling, definitive portrait of one of history’s most legendary icons of adventure. In 1860, sixteen-year-old Joshua Slocum escaped a hardscrabble childhood in Nova Scotia by signing on as an ordinary seaman to a merchant ship bound for Dublin. Despite having only a third-grade education, Slocum rose through the nautical ranks at a mercurial pace; just a decade later he was commander of his own ship. His subsequent journeys took him nearly everywhere: Liverpool, China, Japan, Cape Horn, the Dutch East Indies, Manila, Hong Kong, Saigon, Singapore, San Francisco, and Australia—where he met and married his first wife, Virginia, who would sail along with him for the rest of her life, bearing and raising their children at sea. He commanded eight vessels and owned four, enduring hurricanes, shipwrecks, pirate attacks, cholera, smallpox, a mutiny, and the death of his wife and three of his children. Yet his ultimate adventure and crowning glory was still to come. In 1895 Slocum set sail from Gloucester, Massachusetts—by himself—in the Spray, a small sloop of thirty-seven feet. More than three years and forty-six thousand miles later, he became the first man to circumnavigate the globe solo, a feat that wouldn’t be replicated until 1925. His account of that voyage, Sailing Alone Around the World , soon made him internationally famous. He met President Theodore Roosevelt on several occasions and became a presence on the lecture circuit, selling his sea-saga books whenever and wherever he could. But scandal soon followed, and a decade later, with his finances failing, he set off alone once more—and was never seen again. Geoffrey Wolff captures this singular life and its flamboyant times—from the Golden Age of Sail to a shockingly different new century—in vivid, fascinating detail.

As the founder of financial futures and initiator of Globex, the world's first global electronic trading system, Leo Melamed revolutionized the finance industry. Man of the Futures, his definitive memoir, recounts Melamed's journey from Holocaust survivor and accidental runner at the Chicago Mercantile Exchange (CME), to one of the most prominent leaders in the world of finance. At 33, Melamed gave up a promising law career to pursue his dream of becoming a full-time pit-trader at the CME. He quickly ascended the ranks to become chairman. From there, he set out to disrupt the status quo and ultimately transform both the exchange itself and the broader finance industry. Through daring to embrace innovative ideas many considered absurd, Melamed was a pioneer, continually fighting for modernisation in the financial markets through diversification and the introduction of new technologies. Covering the internal battles waged within the CME, the launch of the International Monetary Market (IMM) and the rise of Globex, this enthralling autobiography details the struggles, scandals and triumphs of a visionary in his field. Together with behind-the-scenes reminiscences about the financial markets, this narrative delves into Melamed's philanthropic work at the US Holocaust Memorial Museum, as well as his fascinating dealings with political figures at home in Chicago, at the White House, and around the world in China, Japan, Singapore, Great Britain, Russia, South Korea, and Brazil. . Man of the Futures offers exclusive access to the rationale behind some of the biggest financial decisions and dealings in the late 20th and early 21st century. Join Leo Melamed for this fascinating and revealing story of a life lived in pursuit of the future. --

Every city and every state needs a Richard Ravitch. In sixty years on the job, whether working in business or government, he was the man willing to tackle some of the most complex challenges facing New York. Trained as a lawyer, he worked briefly for the House of Representatives, then began his career in his family's construction business. He built high-profile projects like the Whitney Museum and Citicorp Center but his primary energy was devoted to building over 40,000 units of affordable housing including the first racially integrated apartment complex in Washington, D.C. He dealt with architects, engineers, lawyers, bureaucrats, politicians, union leaders, construction workers, bankers, and tenants—virtually all of the people who make cities and states work. It was no surprise that those endeavors ultimately led to a life of public service. In 1975, Ravitch was asked by then New York Governor Hugh Carey to arrange a rescue of the New York State Urban Development Corporation, a public entity that had issued bonds to finance over 30,000 affordable housing units but was on the verge of bankruptcy. That same year, Ravitch was at Carey's side when New York City's biggest banks said they would no longer underwrite its debt and he became instrumental to averting the city's bankruptcy. Throughout his career, Ravitch divided his time between public service and private enterprise. He was chairman of the Metropolitan Transportation Authority from 1979 to 1983 and is generally credited with rebuilding the system. He turned around the Bowery Savings Bank, chaired a commission that rewrote the Charter of the City of New York, served on two Presidential Commissions, and became chief labor negotiator for Major League Baseball. Then, in 2008, after Governor Eliot Spitzer resigned in a prostitution scandal and New York State was in a post-financial-crisis meltdown, Spitzer's successor, David Paterson, appointed Ravitch Lieutenant Governor and asked him to make recommendations regarding the state's budgeting plan. What Ravitch found was the result of not just the economic downturn but years of fiscal denial. And the closer he looked, the clearer it became that the same thing was happening in most states. Budgetary pressures from Medicaid, pension promises to public employees, and deceptive budgeting and borrowing practices are crippling our states' ability to do what only they can do—invest in the physical and human infrastructure the country needs to thrive. Making this case is Ravitch's current public endeavor and it deserves immediate attention from both public officials and private citizens.

The gripping inside story of the complex and ambitious Chancellor of the Exchequer's time in power. Gordon Brown's arrival at the Treasury in May 1997 was greeted by a stampede--officials of every rank spontaneously rushed to the door to cheer the new incumbent, excited about the change. As Master of the New Era, Brown created a matrix of relationships across every Whitehall department, and extended his influence to every aspect of government activity. He has been behind the most important budgetary decisions of the past decade: the commitment to Private Finance Initiative, which would affect infrastructure from the London Underground to the NHS to state schools; the management of the Inland Revenue; the increase in taxes; and the demise of Britain's pension funds. Seven years after his arrival at the most powerful department at Whitehall, Brown is now a contender to be the next leader of the Labour Party, but despite extensive newspaper coverage of his activities, his personal agenda has not yet been investigated and described. In this gripping biography of the Chancellor, Tom Bower--author of the best-selling Broken Dreams--documents the rise to power of a driven and complex politician, exposing conflicts within the government and exploring how the repercussions of Brown's ambitions will affect the country for decades to come.

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.