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The rich are not only getting richer, they are becoming more dangerous. Starting in the early 1980s the top one percent (1%) broke away from the rest of us to become the most unstable force in the economy. An elite that had once been the flat line on the American income charts - models of financial propriety - suddenly set off on a wild ride of economic binges. Not only do they control more than a third of the country’s wealth, their increasing vulnerability to the booms and busts of the stock market wreak havoc on our consumer economy, financial markets, communities, employment opportunities, and government finances. Robert Frank’s insightful analysis provides the disturbing big picture of high-beta wealth. His vivid storytelling brings you inside the mortgaged mansions, blown-up balance sheets, repossessed Bentleys and Gulfstreams, and wrecked lives and relationships: • How one couple frittered away a fortune trying to build America’s biggest house —90,000 square feet with 23 full bathrooms, a 6,000 square foot master suite with a bed on a rotating platform—only to be forced to put it on the market because “we really need the money”. • Repo men who are now the scavengers of the wealthy, picking up private jets, helicopters, yachts and racehorses – the shiny remains of a decade of conspicuous consumption financed with debt, asset bubbles, “liquidity events,” and soaring stock prices. • How “big money ruins everything” for communities such as Aspen, Colorado whose over-reliance on the rich created a stratified social scene of velvet ropes and A-lists and crises in employment opportunities, housing, and tax revenues. • Why California’s worst budget crisis in history is due in large part to reliance on the volatile incomes of the state’s tech tycoons. • The bitter divorce of a couple who just a few years ago made the Forbes 400 list of the richest people, the firing of their enormous household staff of 110, and how one former spouse learned the marvels of shopping at Marshalls, filling your own gas tank, and flying commercial. Robert Frank’s stories and analysis brilliantly show that the emergence of the high-beta rich is not just a high-class problem for the rich. High-beta wealth has national consequences: America’s dependence on the rich + great volatility among the rich = a more volatile America. Cycles of wealth are now much faster and more extreme. The rich are a new “Potemkin Plutocracy” and the important lessons and consequences are brought to light of day in this engrossing book. high-beta rich (hi be’ta rich) 1. a newly discovered personality type of the America upper class prone to wild swings in wealth. 2. the winners (and occasional losers) in an economy that creates wealth from financial markets, asset bubbles and deals. 3. derived from the Wall Street term “high-beta,” meaning highly volatile or prone to booms and busts. 4. an elite that’s capable of wreaking havoc on communities, jobs, government finances, and the consumer economy. 5. a new Potemkin plutocracy that hides a mountain of debt behind the image of success, and is one crisis away from losing their mansions, private jets and yachts.
From the Hardcover edition.261 kr
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Histoire, historiographies, mémoires
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Cet ouvrage propose une histoire globale de la Grande Guerre, en réglant la focale sur deux échelles distinctes : celle du monde d’un côté, celle des Balkans de l’autre, où, à partir de l’attentat de Sarajevo, l’histoire régionale croise l’histoire mondiale de la guerre. Nous mesurons ici le degré et le rythme de la mondialisation de ce conflit, et donc le degré et les formes d’engagement et de mobilisation des différents pays comme à l'échelle des continents. Les auteurs analysent et comparent la façon dont cette guerre change les visions du monde, chez les belligérants, chez les neutres, en Europe et hors d’Europe. Comment les systèmes de représentations ou les imaginaires ont-ils été transformés et ont modifié la perception et l’image des grandes puissances en guerre ? Comment les mémoires ont-elles été affectées dans la durée ?
Il s’agit de montrer les Balkans au cœur du premier conflit mondial à travers les enjeux territoriaux, les identités collectives et les traces de guerre. La problématique centrale est celle des « entrées en guerre » afin de mieux définir la notion d’« état de guerre ». Le jeu d’échelles est pris en compte tant au niveau des espaces, entre le local et le global, qu’à celui des temporalités, entre le court et le long terme.
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Nicht nur die so genannte Schulmedizin, sondern auch heterodoxe Formen medizinischen Wissens sind Gegenstand von Globalisierungsprozessen. Sie haben Ayurveda in die westlichen Gesellschaften und die Homöopathie nach Indien gebracht, wo sie heute eine wachsende Klientel finden. Durch diese Transfers entstehen hier wie dort Koexistenzen von Wissensformen, die heute fern ihres Entstehungskontextes praktiziert und weiterentwickelt werden. Die Studie von Robert Frank untersucht die verschiedenen Aspekte dieser neuen globalisierten medizinischen Praxis in Deutschland und Indien und zeichnet ein faszinierendes Bild kultureller Kreativität. Die hier dargestellten Dynamiken und Interaktionen bereichern die Debatte um die Globalisierung des Wissens um wichtige neue Aspekte.
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