For much of the twentieth century, large companies employing many workers formed the bedrock of the U.S. economy. Today, on the list of big business's priorities, sustaining the employer-worker relati
For much of the twentieth century, large companies employing many workers formed the bedrock of the U.S. economy. Today, as David Weil’s groundbreaking analysis shows, large corporations have shed t
Many young people born since the early 1980s face unprecedented social and economic disadvantage. While they spend more time in education, even university graduates now find it difficult to access ful
How was it possible for problems in one relatively small sector in the global financial system - the American sub-prime mortgage market - to lead to the most serious economic crisis in living memory? In this book, Alistair Milne untangles the complex world of modern banking and examines solutions to the crisis. He shows how the banks misused their ability to securitize loans and, by borrowing short and lending long, exposed themselves to exceptional risks when asset prices started to fall. But it has been above all a collapse in trust and confidence, rather than poor lending decisions, which has fuelled the crisis. Despite all the talk of 'toxic' assets, the book argues that most assets are sound and can be repaid. The imperative is to restore confidence through collective action involving asset purchases, guarantees and recapitalization. Failure to do so will mean that taxpayers will be carrying a crippling tax burden for generations to come.
"In response to mounting concerns about the future of the press, an outpouring of lively debate and proposals for alternative models of journalism has exploded across journals of opinion, the blogosph
How can a place be built and managed so that it is safe for people to live? Ironically, many governments and citizens keep on asking the same question after every new disaster. Why, even with high lev
The sex-abuse scandal, which has erupted anew in 2018, poses the greatest challenge that the Catholic Church has faced since the Reformation. In The Smoke of Satan, veteran Catholic journalist Philip
"No work in modern literature, with the possible exception of Uncle Tom's Cabin, can compete with What Is to Be Done? in its effect on human lives and its power to make history."—Joseph Frank, The Sou
