Current Affairs


Wednesday, November 28, 2012

Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself

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""When Sheila Bair took over as head of the U.S. Federal Deposit Insurance Corp. in 2006, the agency was probably better known for the 'FDIC' logo on the doors of the nation's banks than for anything it did. Now Bair is at the center of the financial crisis, speeding the takeover of failing banks and pressing the mortgage industry to ease loan terms . . . winning praise from Democrats and Republicans." --BLOOMBERG NEWS, October 3, 2008
Sheila Bair is widely acknowledged in government circles and the media as one of the first people to identify and accurately assess the subprime crisis. Appointed by George W. Bush as the chairman of the Federal Deposit Insurance Corporation (FDIC) in 2006, she witnessed the origins of the financial crisis and in 2008 became--along with Hank Paulson, Ben Bernanke, and Timothy Geithner--one of the key players trying to repair the damage to our economy. "Bull by the Horns "is her remarkable and refreshingly honest account of that contentious time and the struggle for reform that followed and continues to this day.
A level-headed, pragmatic figure with a clear focus on serving the public good, Bair was often one of the few women in the room during heated discussions about the economy. Despite her years of experience and her determination to rein in the private banks and Wall Street, she frequently found herself at odds with Geithner. She is withering in her assessment of some of Wall Street's finest, and her narrative of Citibank's attempted takeover of Wachovia is a stinging indictment of how regulators and the banks worked against the public interest at times to serve their own needs.
Bair is steadfast in her belief that the American public needs to fully understand the crisis in order to bring it to an end. Critical of the bank bailouts and the Can. $29.99 lax regulation that led to the economic crash, she provides a sober analysis as well as a practical plan for how we should move forward. She helps clear away the myths and half-truths about how we ran our economic engine into the ditch and tells us how we can help get our financial and regulatory systems back on track.
As "The New Yorker "said, "Bair has consistently stood out for her skepticism of Wall Street and for her eagerness to confront the big banks. A Kansas Republican, she has become an unlikely hero to economic liberals, who see her as the counterweight to the more Wall Street-centric view often ascribed to Timothy Geithner, the Treasury Secretary" (July 6, 2009)."  (Publisher Marketing)

Race: Are We So Different?

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"Featuring new and engaging essays by noted anthropologists and illustrated with full color photos, "RACE: Are We So Different?" is an accessible and fascinating look at the idea of race, demonstrating how current scientific understanding is often inconsistent with popular notions of race. Taken from the popular national public education project and museum exhibition, it explores the contemporary experience of race and racism in the United States and the often-invisible ways race and racism have influenced laws, customs, and social institutions."  (Publisher Description)


Wednesday, November 7, 2012

All in the Family: The Realignment of American Democracy Since the 1960s

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"For the Left, family values have meant Lyndon Johnson's War on Poverty, then the fight for racial and gender equality, then the fight for gay rights and health-care reform. Those multiplying interests fractured the Left, allowing the Right to sweep in with its single-minded traditional take. So argues Brown history professor Self, author of the award-winning "American Babylon"."  (Library Journal)

Syria: The Fall of the House of Assad

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"Anticipatory account of the demise of Bashar al-Assad, Syria's struggling dictator, and the quake potentials building in the regional political, religious and ethnic fault lines that run through his country. Lesch (Middle East History/Trinity Univ.; The Arab-Israeli Conflict: A History, 2007, etc.) first met with Assad in 2004 and has come to know key figures in Syria's political leadership directly. Assad was not groomed for the position of president--his assassinated brother-in-law was the choice for the top spot--but hopes were high for reform when he took over in 2000. Lesch goes through the process by which Assad became the dictator of the Syrian military state, and Assad's career provides the frame for the author's account as he discusses the way power is wielded in Syria, the religious and ethnic composition of the country's population, and how Assad and his country responded to the Arab Spring. The author provides a timeline and geographic discussion of the ongoing revolt since its beginning and an analysis of the many international interests that have a stake in the conflict. He shows that Assad, like his father, rules over an alliance of minorities. The revolt and its suppression have unleashed historical demons of the sort that came to the surface with the dissolution of Yugoslavia. Because of divisions between external and internal factions and fears of the consequences of domination by the Saudi-backed Salafists, Assad, Lesch argues, has succeeded so far in suppressing the uprising. However, in the meantime, Syria is being transformed into the center of an expanding region-wide religious and ethnic conflict. Personal knowledge and on-the-ground experience inform this behind-the-headlines chronicle of the Syrian conflict."  (Kirkus Reviews)