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Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich

Robert Frank

Richistan: A Journey Through the American Wealth Boom and the Lives of the New Rich Robert Frank Amazon Price: $11.16
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By: Three Rivers Press
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Customer Reviews:
Total reviews: 68 Average rating: 4.0 of 5

Amusing Anthropological Analysis of Astronomically Affluent 5 out of 5 stars.
1 of 1 people found this review helpful.

Mr. Frank does an excellent job of presenting an overview of this rarefied subculture. Base insecurities of the human condition are displayed by this obscenely wealthy crowd's habitual one-upmanship social gatherings, Freudian obsessions with having the biggest yacht, mansion or whatever and rarely being satisfied with what they have accrued. A great deal of credit must be given to Mr. Frank for not devolving his book into a hatchet job on the moneyed folk. The author presents some of the pros and cons of finally acquiring and living with so much moolah. A brief, informative and entertaining book.

Editorial Review:

THE NEW YORK TIMES BESTSELLER

RICH-I-STAN n. 1. a new country located in the heart of America, populated entirely by millionaires, most of whom acquired their wealth during the new Gilded Age of the past twenty years. 2. a country with a population larger than Belgium and Denmark; typical citizens include “spud king” J. R. Simplot; hair stylist Sydell Miller, the new star of Palm Beach; and assorted oddball entrepreneurs. 3. A country that with a little luck and pluck, you, too, could be a citizen of.

The rich have always been different from you and me, but Robert Frank’s revealing and funny journey through “Richistan” entertainingly shows that they are truly another breed.

Unequal Democracy: The Political Economy of the New Gilded Age

Larry M. Bartels

Unequal Democracy: The Political Economy of the New Gilded Age Larry M. Bartels Amazon Price: $19.77
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By: Princeton University Press
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Customer Reviews:
Total reviews: 12 Average rating: 4.0 of 5

Editorial Review:

Unequal Democracy debunks many myths about politics in contemporary America, using the widening gap between the rich and the poor to shed disturbing light on the workings of American democracy. Larry Bartels shows that increasing inequality is not simply the result of economic forces, but the product of broad-reaching policy choices in a political system dominated by partisan ideologies and the interests of the wealthy.

Bartels demonstrates that elected officials respond to the views of affluent constituents but ignore the views of poor people. He shows that Republican presidents in particular have consistently produced much less income growth for middle-class and working-poor families than for affluent families, greatly increasing inequality. He provides revealing case studies of key policy shifts contributing to inequality, including the massive Bush tax cuts of 2001 and 2003 and the erosion of the minimum wage. Finally, he challenges conventional explanations for why many voters seem to vote against their own economic interests, contending that working-class voters have not been lured into the Republican camp by "values issues" like abortion and gay marriage, as commonly believed, but that Republican presidents have been remarkably successful in timing income growth to cater to short-sighted voters.

Unequal Democracy is social science at its very best. It provides a deep and searching analysis of the political causes and consequences of America's growing income gap, and a sobering assessment of the capacity of the American political system to live up to its democratic ideals.

No Logo: Taking Aim at the Brand Bullies

Naomi Klein

No Logo: Taking Aim at the Brand Bullies Naomi Klein List Price: $17.00
By: Picador
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Customer Reviews:
Total reviews: 164 Average rating: 4.0 of 5

Editorial Review:

With a new Afterword to the 2002 edition. No Logo employs journalistic savvy and personal testament to detail the insidious practices and far-reaching effects of corporate marketing—and the powerful potential of a growing activist sect that will surely alter the course of the 21st century. First published before the World Trade Organization protests in Seattle, this is an infuriating, inspiring, and altogether pioneering work of cultural criticism that investigates money, marketing, and the anti-corporate movement.

As global corporations compete for the hearts and wallets of consumers who not only buy their products but willingly advertise them from head to toe—witness today’s schoolbooks, superstores, sporting arenas, and brand-name synergy—a new generation has begun to battle consumerism with its own best weapons. In this provocative, well-written study, a front-line report on that battle, we learn how the Nike swoosh has changed from an athletic status-symbol to a metaphor for sweatshop labor, how teenaged McDonald’s workers are risking their jobs to join the Teamsters, and how “culture jammers” utilize spray paint, computer-hacking acumen, and anti-propagandist wordplay to undercut the slogans and meanings of billboard ads (as in “Joe Chemo” for “Joe Camel”).

No Logo will challenge and enlighten students of sociology, economics, popular culture, international affairs, and marketing.

“This book is not another account of the power of the select group of corporate Goliaths that have gathered to form our de facto global government. Rather, it is an attempt to analyze and document the forces opposing corporate rule, and to lay out the particular set of cultural and economic conditions that made the emergence of that opposition inevitable.”—Naomi Klein, from her Introduction

Trading ETFs: Gaining an Edge with Technical Analysis

Deron Wagner

Trading ETFs: Gaining an Edge with Technical Analysis Deron Wagner Amazon Price: $34.65
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By: Bloomberg Press
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Customer Reviews:
Total reviews: 12 Average rating: 4.5 of 5

A Simple, Logical & Highly Tradeable System 5 out of 5 stars.
2 of 2 people found this review helpful.

Deron Wagner,in Trading ETFs, has presented a very simple, logical and, I think, successful approach to trading ETFs. In a very readable and understandable style and utilizing numerous chart examples, Mr. Wagner describes how he goes about finding the highest probability trades, how he determines the optimum entry point, how he manages open positions, and how he exits positions be they big winners, breakevens, or losers.

He describes his approach as being a "top down strategy". His first step is to determine the direction of the broad market trend; then, once the trend is determined, he finds those indexes that have the most relative strength or weakness compared to the major indexes; then he selects the strongest ETFs within those indexes (or weakest if going short); then he looks at volume for confirmation; and finally he uses one or more of several techniques to properly time the new entry into the selected ETF.

The one thing that I liked most about Mr. Wagner's book was his use of clean and simple charts. He uses almost exclusively only two and sometimes three moving averages, draws simple trendlines and areas of support and resistance, and shows volume levels and averages. He does not "goop' his charts up with additonal indicators such as MACD-Histograms, slow stochastics, and RSI. While these indicators are certainly very useful to many traders, Wagner's plain, simple approach of looking only at price action and volume confirmation has a lot to be said for it.

Risk management and position sizing are touched upon only briefly but adequately and his comments about using trailing stops are most enlightening.

The two chapters describing case studies of 10 ETF's bought long and 10 ETFs sold short are most useful in illustrating the use of Mr. Wagner's various setups.

I have read Trading ETFs only once now but I am already looking forward to going through it again a second and third time. It is the type of book that you can only absorb only so much the first time around but pick even more pearls of wisdom on subsequent readings.

Needless to say, I recommend Mr. Wagner's newest book highly.

Editorial Review:

An exchange-traded fund (ETF) is a basket of stocks that trades on an exchange with the same simplicity and liquidity of an individual stock. In this book, money manager Deron Wagner introduces the major types and families of ETFs and then provides step-by-step guidance to picking and trading funds. Unlike other books on ETFs, Wagner's strategies are based on technical analysis, a method of timing the market that greatly improves an investor's chances of predicting short and intermediate term ETF trends. Wagner's comprehensive catalog of the ETFs now available, his insights into successful trading techniques, and his solid research and informative examples, will be an invaluable resource for everyone trying to come up to speed on this new investment opportunity.

Making Globalization Work

Joseph E. Stiglitz

Making Globalization Work Joseph E. Stiglitz Amazon Price: $12.91
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By: W. W. Norton
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Customer Reviews:
Total reviews: 32 Average rating: 4.5 of 5

Editorial Review:

"A damning denunciation of things as they are, and a platform for how we can do better."—Andrew Leonard, Salon

Four years after he outlined the challenges our increasingly interdependent world was facing in Globalization and Its Discontents, Joseph E. Stiglitz offered his agenda for reform. Now in paperback, Making Globalization Work offers inventive solutions to a host of problems, including the indebtedness of developing countries, international fiscal instability, and worldwide pollution. Stiglitz also argues for the reform of global financial institutions, trade agreements, and intellectual property laws, to make them better able to respond to the growing disparity between the richest and poorest countries. Now more than ever before, globalization has gathered the peoples of the world into one community, bringing with it a need to think and act globally. This trenchant, intellectually powerful book is an invaluable step in that process. This paperback edition contains a brand-new preface.

China Road: A Journey into the Future of a Rising Power

Rob Gifford

China Road: A Journey into the Future of a Rising Power Rob Gifford Amazon Price: $11.56
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Customer Reviews:
Total reviews: 62 Average rating: 4.5 of 5

Editorial Review:

Route 312 is the Chinese Route 66. It flows three thousand miles from east to west, passing through the factory towns of the coastal areas, through the rural heart of China, then up into the Gobi Desert, where it merges with the Old Silk Road. The highway witnesses every part of the social and economic revolution that is turning China upside down.

In this utterly surprising and deeply personal book, acclaimed National Public Radio reporter Rob Gifford, a fluent Mandarin speaker, takes the dramatic journey along Route 312 from its start in the boomtown of Shanghai to its end on the border with Kazakhstan. Gifford reveals the rich mosaic of modern Chinese life in all its contradictions, as he poses the crucial questions that all of us are asking about China: Will it really be the next global superpower? Is it as solid and as powerful as it looks from the outside? And who are the ordinary Chinese people, to whom the twenty-first century is supposed to belong?

Gifford is not alone on his journey. The largest migration in human history is taking place along highways such as Route 312, as tens of millions of people leave their homes in search of work. He sees signs of the booming urban economy everywhere, but he also uncovers many of the country’s frailties, and some of the deep-seated problems that could derail China’s rise.

The whole compelling adventure is told through the cast of colorful characters Gifford meets: garrulous talk-show hosts and ambitious yuppies, impoverished peasants and tragic prostitutes, cell-phone salesmen, AIDS patients, and Tibetan monks. He rides with members of a Shanghai jeep club, hitchhikes across the Gobi desert, and sings karaoke with migrant workers at truck stops along the way.

As he recounts his travels along Route 312, Rob Gifford gives a face to what has historically, for Westerners, been a faceless country and breathes life into a nation that is so often reduced to economic statistics. Finally, he sounds a warning that all is not well in the Chinese heartlands, that serious problems lie ahead, and that the future of the West has become inextricably linked with the fate of 1.3 billion Chinese people.

“Informative, delightful, and powerfully moving . . . Rob Gifford’s acute powers of observation, his sense of humor and adventure, and his determination to explore the wrenching dilemmas of China’s explosive development open readers’ eyes and reward their minds.”
–Robert A. Kapp, president, U.S.-China Business Council, 1994-2004


From the Hardcover edition.

Who's Your City?: How the Creative Economy Is Making Where to Live the Most Important Decision of Your Life

Richard Florida

Who's Your City?: How the Creative Economy Is Making Where to Live the Most Important Decision of Your Life Richard Florida Amazon Price: $17.79
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By: Basic Books
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Customer Reviews:
Total reviews: 24 Average rating: 4.0 of 5

Editorial Review:

It’s a mantra of the age of globalization that where we live doesn’t matter. We can innovate just as easily from a ski chalet in Aspen or a beachhouse in Provence as in the office of a Silicon Valley startup.

According to Richard Florida, this is wrong. Globalization is not flattening the world; in fact, place is increasingly relevant to the global economy and our individual lives. Where we live determines the jobs and careers we have access to, the people we meet, and the “mating markets” in which we participate. And everything we think we know about cities and their economic roles is up for grabs.

Who’s Your City? offers the first available city rankings by life-stage, rating the best places for singles, families, and empty-nesters to reside. Florida’s insights and data provide an essential guide for the more than 40 million Americans who move each year, illuminating everything from what those choices mean for our everyday lives to how we should go about making them.

Gusher of Lies: The Dangerous Delusions of Energy Independence

Robert Bryce

Gusher of Lies: The Dangerous Delusions of Energy Independence Robert Bryce Amazon Price: $17.79
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By: PublicAffairs
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Customer Reviews:
Total reviews: 38 Average rating: 3.5 of 5

Editorial Review:

Everybody is talking about "energy independence." But is it really achievable? Is it actually even desirable? In this controversial, meticulously researched book, Robert Bryce exposes the false promises behind the rhetoric while blasting nearly everybody— Republicans, Democrats, environmentalists, and war-mongering neoconservatives—for misleading voters about our energy needs.

Gusher of Lies explains why the idea of energy independence appeals to voters while also showing that renewable sources like wind and solar cannot meet America's growing energy demand. Along the way, Bryce eviscerates the ethanol scam. Whether the issue is cost, water consumption, or food prices, corn ethanol is one of the longest-running robberies ever perpetrated on American taxpayers.

Consumers concerned about peak oil and the future of global energy supplies need to understand that energy security depends on embracing free markets and the realities of interdependence. Gusher of Lies is illuminating, vital reading.

The Reckoning Part 2

David Halberstam

The Reckoning Part 2 David Halberstam List Price: $76.95
By: Blackstone Audiobooks
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Customer Reviews:
Total reviews: 21 Average rating: 4.5 of 5

Relevant even today 4 out of 5 stars.
3 of 3 people found this review helpful.

If "The Reckoning" is not a classic then certainly it is an authoritative account of Nissan's assault on the U.S. market (and Ford's subsequent demise). The account of the Big Three's arrogance has been told many times since Halberstam published this book, but Halberstam deserves a lot of credit for so much of his book being so relevant to what American automakers are facing today. Insert big SUVs and big trucks any time Halberstam talks about Big Cars = Big Profits and you've got a pretty good idea of what's going on today with Ford and GM and their reluctance to come out with small, fuel-efficient vehicles in favor of high-margin SUVs. It is necessary to point out, though, that even though American auto executives were truly arrogant and complacent with their market share, Japanese manufacturing (lean production) was a paradigm shift. In order to compete on quality with the Japanese American auto would have had to spend billions of dollars on new plants and capital equipment (in essence, almost "betting the farm" that Demings' TQM was the wave of the future). The Japanese had the distinct advantage of having to start from scratch.

Editorial Review:

Award-winning author David Halberstam's The Reckoning gives a riveting account of the most decisive economic confrontation of this century--between Detroit's Ford Motor Company and Japan's Nissan. Here are young Ford, renegade Iacocca, visionary Katayama--everyone needed to reveal the crucial nuances behind two nations competing for commercial supremacy. HC: Morrow.

The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos

Ravi Batra

The New Golden Age: The Coming Revolution against Political Corruption and Economic Chaos Ravi Batra Amazon Price: $18.45
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Customer Reviews:
Total reviews: 9 Average rating: 5.0 of 5

REALITY CALL: A must read for the general public. 5 out of 5 stars.
11 of 11 people found this review helpful.

The accredited economist and Professor of Economics tells the truth about concentrated world wealth and world government corruption that has manifested turmoil to today's civilization.

In laymans terms, he explains economic principles and social infrastructure cycles which justify his hypotheis: "The Downfall of Capitalism and Communism: A New Study of History". The imbalance of resources and wealth has proliferated CEO greed and government corruption, slowly eliminating the middle-class. Dr. Batra outlines economic and social history in simple terms to bring a REAL and unavoid conclusion to our financial fate.

His book does not provide hype nor fiction, but he attempts solidify his predictions with factual data. So far, his batting avg. is 90% on predictions. If you want a bite out of the Adam and Eve "apple", buy the book. It's an eye opener.

Editorial Review:

In The New Golden Age, bestselling author and economist Ravi Batra identifies the roadblocks to economic prosperity--and what we need to do to overcome them. Bringing the same insight and expertise that made books like The Downfall of Capitalism and Communism international bestsellers, Batra takes on falling minimum wages, corporate scandals, rocketing oil prices, and many of the other crises facing the world economy. He also offers an expansive, optimistic vision of how the international community can address them and bring about something historically unprecedented: true global economic prosperity.

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