American Money

Racism and discrimination have choked economic opportunity for African Americans at nearly every turn. At several historic moments, the trajectory of racial inequality could have been altered dramatically. Perhaps no moment was more opportune than the early days of Reconstruction, when the US government temporarily implemented a major redistribution of land from former slaveholders to the newly emancipated enslaved.

Are we living the good life - and what defines good, anyway? Americans today are constructing a completely different framework for success than their parents' generation, using new metrics that TEDWomen speaker and columnist Courtney Martin has termed collectively the "New Better Off".

In A Just and Generous Nation, the eminent historian Harold Holzer and the noted economist Norton Garfinkle present a groundbreaking new account of the beliefs that inspired our 16th president to go to war when the Southern states seceded from the Union. Rather than a commitment to eradicating slavery or a defense of the Union, they argue that Lincoln's guiding principle was the defense of equal economic opportunity.

The Anchor Hocking Glass Company, once the world's largest maker of glass tableware, was the base on which Lancaster's society was built. As Glass House unfolds, bankruptcy looms. With access to the company and its leaders, and Lancaster's citizens, Alexander shows how financial engineering took hold in the 1980s, accelerated in the 21st century, and wrecked the company.

The greatest travesty of the 21st century is the impact of globalization, Petrolism, and monetized special-interest-driven politics. Rebuilding our American Dream should be the utmost priority for all Americans and those who serve us in this century. This is a blueprint for shifting todays paradigm from the perspective of economic development at the local level.

What can you get with 25 dollars and a dream? Adam Shepard graduated from college feeling disillusioned by the apathy around him and was then incensed after reading Barbara Ehrenreich's famous work Nickel and Dimed- a book that gave him a feeling of hopelessness about the working class in America. He set out to disprove Ehrenreich's theory-the notion that those who start at the bottom stay at the bottom-by making something out of nothing to achieve the American Dream.

Capitalism is under attack by leftists who want to remake the United States into a European-style welfare state. The Obama administration’s corporate bailouts, excessive spending, and sweeping expansion of government interference in the private economy are undermining our economy and the hopes and dreams of future generations. History suggests these policies - if left unchecked - will prove disastrous. The Road to Prosperity is a clarion call for a return to the principles that support economic growth, individual opportunity, and freedom.

The coauthor of Desperate Hoodwives, Meesha Mink set out on her own with the street-fiction hit Real Wifeys: On the Grind. The series’ second installment, Get Money, finds Harriet “Luscious” Jordan in serious need of scratch after her hubby Make$ is put behind bars. A natural-born hustler, Luscious jumps into the party-promotion biz and begins pulling in big-time cash. But she can’t let go of a grudge against her old rival Goldie, and it may be her undoing.

In The Hellhound of Wall Street, Michael Perino recounts in riveting detail the 1933 hearings that put Wall Street on trial for the Great Crash. Never before in American history had so many financial titans been called to account before the public, and they had come within a few weeks of emerging unscathed. By the time Ferdinand Pecora, a Sicilian immigrant and former New York prosecutor, took over as chief counsel, the investigation had dragged on ineffectively for nearly a year and was universally written off as dead....

Andy Stern, the former president of the Service Employees International Union (SEIU), spent four years traveling the country and asking economists, futurists, labor leaders, CEOs, investment bankers, entrepreneurs, and political leaders to help envision the US economy 25 to 30 years from now. He vividly reports on people who are analyzing and creating this new economy - such as investment banker Steve Berkenfeld; David Cote, the CEO of Honeywell International; and Andy Grove of Intel.

In an era when people live longer and want (or need) to work past the traditional retirement age, the Vita Needle Company of Needham, Massachusetts, provides inspiration and important lessons about the value of older workers. Vita Needle is a family-owned factory that was founded in 1932 and makes needles, stainless steel tubing and pipes, and custom fabricated parts. As part of its unusual business model, the company seeks out older workers; the median age of the employees is seventy-four.

Cheap. It's a dirty word laden with negative meanings. It is also the story of Lauren Weber's life. As a child, she resented her father for keeping the heat at 50 degrees through the frigid winters and rarely using his car's turn signals - to keep them from burning out. But as an adult, she found herself walking 30 blocks to save $2 on subway fare. In Cheap We Trust teases out the meanings of cheapness and examines the wisdom and pleasures of not spending every last penny.

The best educated and most prosperous have the most stable families, while working class families have seen the greatest increase in relationship instability. Why? The book provides the answer: greater economic inequality has profoundly changed marriage markets, the way men and women match up when they search for a life partner. It has produced a larger group of high-income men than women; written off the men at the bottom; and left a larger group of women with a smaller group of comparable men...

In November, GM CEO Rick Wagoner appeared before Congress to ask for $25 billion to bail out the struggling Big Three automakers. To critics like Thomas Freidman and Mitt Romney, it was a sign that the American auto industry should be led out to pasture; if the Japanese are better at making cars, they said, then we should let them do it. To defenders, the loss of the country's largest manufacturing sector would be an incomprehensible disaster.

In 2000, after the Tribune Company acquired Times Mirror Corporation, it comprised the most powerful collection of newspapers in the world. How then did Tribune nosedive into bankruptcy and public scandal? In The Deal from Hell, veteran Tribune and Los Angeles Times editor James O'Shea takes us behind the scenes of the decisions that led to disaster in boardrooms and newsrooms from coast to coast, based on access to key players, court testimony, and sworn depositions.

Behind every financial crisis lurks a "political bubble" - policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles - arising from a potent combination of beliefs, institutions, and interests - aid, abet, and amplify risk.

Historian Sean Wilentz presents two key insights that together reveal a clearer, much-needed vision of American political history. First, partisanship has almost always been a feature of American history and in fact has made possible the nation's greatest social reforms. There is little to be gained from a "postpartisan" political world. Second, the recent attention to economic inequality has a long history. From the founders' generation to the present, America's egalitarian tradition has appeared and reappeared like an underground river.

By providing historical context and a thorough yet easily accessible explanation of US financial markets, authors Norbert Michel and Jennifer Schulp provide a much-needed counterpoint to current debates and criticisms. "Financing Opportunity" not only busts many popular myths about financial markets but also proposes ways to improve how our financial markets function. With financial markets and American opportunity so closely tied, financial policy is vital to supporting growth, productivity, and prosperity.

Looking at life, how do you think you fared? Financially are you prepared? Our Financial Development is a lifetime journey. As we go through life celebrating work, family, and play, we are continuously facing financial decisions. With each decision, we take a step down a road that will eventually lead us into a future that was once just a thought and is now... a reality.

Uwe Reinhardt was a towering figure and moral conscience of health care policy in the United States and beyond. Famously bipartisan, he advised presidents and Congress on health reform and originated central features of the Affordable Care Act. In Priced Out, Reinhardt offers an engaging and enlightening account of today's US health care system, explaining why it costs so much more and delivers so much less than the systems of every other advanced country, why this situation is morally indefensible, and how we might improve it.