While America Aged

WHILE AMERICA AGED How Pension Debts Ruined General Motors, Stopped
the NYCSubways, Bankrupted San Diego, and loom as the Next Financial Crisis
ROGER LOWENSTEIN PENGUIN BOOKS W H | LE AM ER I CA A GED.

While America Aged

Author: Roger Lowenstein

Publisher: Penguin

ISBN: 9781440639401

Page: 288

View: 973

The retirement crisis facing America-and the road map for a way out-from The New York Times bestselling author of Origins of the Crash In the last several decades, corporations and local governments made ruinous pension and healthcare promises to American workers. With these now coming due, they threaten to destroy twenty-first- century America's hopes for a comfortable retirement. With his trademark narrative panache, bestselling author Roger Lowenstein analyzes three fascinating case studies-General Motors, the New York City subway system, and the city of San Diego-each an object lesson and a compelling historical saga that illuminates how the pension crisis developed. Cumulative retirement deficits are approaching $1 trillion, and Lowenstein warns that these are only the first. Retirement pensions will continue to be a critical issue as the country ages, and While America Aged is the urgent call to action and prescription for reform.

America s Bank

Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the ...

America s Bank

Author: Roger Lowenstein

Publisher: Penguin

ISBN: 1101614129

Page: 368

View: 578

A tour de force of historical reportage, America’s Bank illuminates the tumultuous era and remarkable personalities that spurred the unlikely birth of America’s modern central bank, the Federal Reserve. Today, the Fed is the bedrock of the financial landscape, yet the fight to create it was so protracted and divisive that it seems a small miracle that it was ever established. For nearly a century, America, alone among developed nations, refused to consider any central or organizing agency in its financial system. Americans’ mistrust of big government and of big banks—a legacy of the country’s Jeffersonian, small-government traditions—was so widespread that modernizing reform was deemed impossible. Each bank was left to stand on its own, with no central reserve or lender of last resort. The real-world consequences of this chaotic and provincial system were frequent financial panics, bank runs, money shortages, and depressions. By the first decade of the twentieth century, it had become plain that the outmoded banking system was ill equipped to finance America’s burgeoning industry. But political will for reform was lacking. It took an economic meltdown, a high-level tour of Europe, and—improbably—a conspiratorial effort by vilified captains of Wall Street to overcome popular resistance. Finally, in 1913, Congress conceived a federalist and quintessentially American solution to the conflict that had divided bankers, farmers, populists, and ordinary Americans, and enacted the landmark Federal Reserve Act. Roger Lowenstein—acclaimed financial journalist and bestselling author of When Genius Failed and The End of Wall Street—tells the drama-laden story of how America created the Federal Reserve, thereby taking its first steps onto the world stage as a global financial power. America’s Bank showcases Lowenstein at his very finest: illuminating complex financial and political issues with striking clarity, infusing the debates of our past with all the gripping immediacy of today, and painting unforgettable portraits of Gilded Age bankers, presidents, and politicians. Lowenstein focuses on the four men at the heart of the struggle to create the Federal Reserve. These were Paul Warburg, a refined, German-born financier, recently relocated to New York, who was horrified by the primitive condition of America’s finances; Rhode Island’s Nelson W. Aldrich, the reigning power broker in the U.S. Senate and an archetypal Gilded Age legislator; Carter Glass, the ambitious, if then little-known, Virginia congressman who chaired the House Banking Committee at a crucial moment of political transition; and President Woodrow Wilson, the academician-turned-progressive-politician who forced Glass to reconcile his deep-seated differences with bankers and accept the principle (anathema to southern Democrats) of federal control. Weaving together a raucous era in American politics with a storied financial crisis and intrigue at the highest levels of Washington and Wall Street, Lowenstein brings the beginnings of one of the country’s most crucial institutions to vivid and unforgettable life. Readers of this gripping historical narrative will wonder whether they’re reading about one hundred years ago or the still-seething conflicts that mark our discussions of banking and politics today. From the Hardcover edition.

Contingencies

BOOKLINKS | REVIEW BY ANDREW SIMONELLI While America Aged How
Pension Debts Ruined General Motors , Stopped ... During the stadium tour , I
envisioned the biggest offenders were nearsighted emi myself as part of the
action that ...

Contingencies

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An Aging Population

The story begins at the dawn of the twentieth century , when most Americans
were rural dwellers under age 25 . Only 3 . 1 million Americans - just 4 percent of
the total population - were aged 65 and older . The life expectancy of a newborn
 ...

An Aging Population

Author: Charles P. Cozic

Publisher: Greenhaven Press, Incorporated

ISBN: 9781565103955

Page: 216

View: 829

Presents a variety of opinions on how an aging population will affect America, including questions about health care, entitlement programs, and how society views the elderly.

U S News World Report

... While America Aged : protected against outside competition , How Pension
Debts Ruined General and where workers ... Crisis , journalist Roger much or ,
alternatively , managements Lowenstein explores America's deeply gave too
much .

U S  News   World Report

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Econ Focus

United States ( 2014 ) An Aging America America's aging trend reflects several
distinct causes . ... Birth rates during this period ranged from 24 to 26.5 per 1,000
people in the population , compared with 18 to 19 per 1,000 people during the ...

Econ Focus

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Choice

While America aged : how pension debts ruined General Motors , stopped the
NYC subways , bankrupted San Diego , and loom as the next financial crisis .
Penguin , 2008. 274p index ISBN 1594201676 , $ 25.95 ; ISBN 9781594201677
 ...

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Public Library Core Collection

91 When they were young . Coles , R . 779 When trumpets call [ biography of
Theodore Roosevelt ] O ' Toole , P . 92 When walking fails . Iezzoni , L . 362 . 4
When you are engulfed in flames . ... 152 While America aged . Lowenstein , R .
331 .

Public Library Core Collection

Author: John Greenfieldt

Publisher: Hw Wilson Company

ISBN: 9780824210946

Page: 1856

View: 983

Wilson's Public Library Core Collection: Nonfiction (13th Edition, 2008) recommends reference and nonfiction books for the general adult audience. It is a guide to over 9,000 books (over 6,500 titles are new to this edition), plus review sources and other professional aids for librarians and media specialists. Acquisitions librarians, reference librarians and cataloguers can all use this reliable guide to building and maintaining a well-rounded collection of the most highly recommended reference and nonfiction books for adults. All titles are selected by librarians, editors, advisors, and nominators-all of them experts in public library services. The collection is a valuable tool for collection development and maintenance, reader's advisory, weeding your collection, and curriculum support. Richly enhanced records provide a wealth of useful information. All entries include complete bibliographic data as well as price, subject headings, annotations, grade level, Dewey classification, cover art, and quotations from reviews. Many entries also list awards, best-book lists, and starred reviews. Save Time: Efficiently organised and includes ""Starred"" titles Save Money: Allocate your resources to the best materials available Stay Relevant: Discover the best in important, contemporary categories Complete Coverage: Includes recommendations on periodicals and electronic resources, too Four-Year Subscription This Core Collection was originally sold as a four-year subscription. The core edition, published in 2008, delivers a library-bound volume with an extensive, selective list of recommended books. From 2009 to 2011 Wilson published extensive paperback supplements to the 2008 edition. A new cycle of materials will begin in 2012. However, the 2008 to 2011 materials are currently available. Buyers of them will receive all these materials immediately. All four years are only $420. Uniquely Valuable There is nothing quite like Wilson Core Collections. The accumulated expertise of our selectors, and the unquestioned reputation of these collections, is invaluable. Wilson Core Collections are universally recognised as impartial and expert aids to collection development that assist and reinforce the judgement of librarians everywhere. Selection to a Wilson Core Collection is strong support to any challenged purchase. Contemporary Relevance This Core Collection includes broad updates in the areas of crafts; terrorism, and international security; environment and global warming; diseases and medicine; and religion, plus other contemporary topics that keep the library's collection as current as today's headlines. Other Key Features Classified Catalogue - A list arranged by Dewey Decimal Classification, with complete cataloguing information for each book. Author, Title, Subject and Analytical Index - An in-depth key to the information in Classified Catalogue-including author and title analytics for works contained in anthologies and collections. Richly enhanced records provide complete bibliographic data, price, subject headings, descriptive annotations, grade level, Dewey classification, evaluative quotations from a review, when available. Listing works published in the United States, or published in Canada or the United Kingdom and distributed in the United States, Public Library Core Collection: Nonfiction features extensive revisions in the areas of health, science and technology, personal finance, sports, cooking and gardening, and handicrafts. Biography, poetry and literary criticism continue to receive comprehensive treatment. Reference works in all subject fields are included.

While America Slept

June 12 , 1941 situation when it comes crowding in upon us from the committed
and contribute to the war efforts of the ... The aged Marshal Pétain , the man
thought best able to get on with Fascist dictator Franco as France's ambassador
to ...

While America Slept

Author: Denna Frank Fleming

Publisher:

ISBN:

Page: 269

View: 582

Older Americans Information Directory

Preface : Who Are America's Older Citizens ? Older Americans defy stereotypes
and sweeping generalizations ; there is no " typical " older American . Perhaps
the most accurate terms to use when describing America's aging population are ...

Older Americans Information Directory

Author:

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Older Americans Information Directory

Preface : Who Are America's Older Citizens ? Older Americans defy stereotypes
and sweeping generalizations ; there is no " typical " older American . Perhaps
the most accurate terms to use when describing America's aging population are ...

Older Americans Information Directory

Author: John Krol

Publisher: Gale / Cengage Learning

ISBN:

Page: 648

View: 123

Includes over 5,500 entries on topics of interest to aging citizens

Administration on Aging Older Americans Act Regulations Oversight Hearing

I have been distressed by recent lags of the Administration on Aging in the
preparation of regulations to implement the 1978 Older Americans Act
amendments . I cannot , for the life of me , comprehend the 8 - month delay .
Although the ...

Administration on Aging Older Americans Act Regulations Oversight Hearing

Author: United States. Congress. House. Select Committee on Aging. Subcommittee on Human Services

Publisher:

ISBN:

Page: 212

View: 665

Growing Old in America

except persons under 24 , although most experts estimate that at least one -
quarter of the elderly have some discretionary income . In 1999 the Conference
Board , a market - ing research firm , estimated that those aged 45 to 54
accounted for ...

Growing Old in America

Author: Elizabeth Vierck

Publisher: Information Plus

ISBN: 9780787660581

Page: 147

View: 429

Contains facts, tables, charts, and statistics that provide information about a range of age-related issues in America, covering population figures, economic status, living arrangements, work and retirement, education and voting behavior, elderly drivers, health, elder care, victimization, and death and dying.