From Red to Green

Author: Paul Donovan
Publisher: Routledge
ISBN: 1136529136
Format: PDF, ePub, Mobi
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Written by an economist and an investment professional, this book addresses the twin crises that the world is facing in the form of a simultaneous financial and environmental credit crunch. Financially, consumers are less able to consume now, and pay later. Environmentally, we may have already reached our credit limit and the bill for past financial and environmental consumption is falling due. Whether the financial credit crunch constrains consumers in a way that will be environmentally supportive, naturally slowing the consumption of finite resources, or hinders any effective resolution of the environmental credit crunch is of crucial importance. Policy responses to the financial crisis are likely to be constrained by the political need to support the economic status quo, and when combined with a global reduction in available investment capital there are serious challenges ahead if the economic and environmental damage of the environmental credit crunch is to be minimised. This book asks whether financial crunch-induced changes in consumer behaviour will be enough to avoid, or reduce, the environmental crunch many believe is just round the corner. Donovan and Hudson combine their respective economic and environmental perspectives to address this key question, reviewing this 'tale of two crunches' from the perspective of different economic sectors. The answer to the conundrum this book poses may lie in the only unlimited resource on the planet - human ingenuity.

Food Policy and the Environmental Credit Crunch

Author: Julie Hudson
Publisher: Routledge
ISBN: 1136161899
Format: PDF, ePub, Mobi
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The changing economic environment for the consumer that is emerging from the wreckage of the financial credit crunch plays directly into the importance of food spending. This is certainly true from the perspective of food prices in the short run, but also from the perspective of sustainability and reducing the impact of the environmental credit crunch. The economic changes we experience now have a bearing on our ability to manage the environmental credit crunch that looms. Food Policy and the Environmental Credit Crunch: From Soup to Nuts elaborates on the issues addressed in the authors’ first book, From Red to Green?,and asks whether the financial credit crunch could ameliorate or exacerbate the emergent environmental credit crunch. The conclusion drawn here is that a significant and positive difference could be made by changing some of the ways in which we procure, prepare, and consume our food. Written by an economist and an investment professional, this book addresses the economic and environmental implications of how we treat food. The book examines each aspect of the ‘food chain’, from agriculture, to production and processing, retail, preparation, consumption and waste.

The Truth About Inflation

Author: Paul Donovan
Publisher: Routledge
ISBN: 1317690044
Format: PDF, Mobi
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Inflation is a simple topic, in that the basic concepts are something that everyone can understand. However, inflation is not a simplistic topic. The composition of inflation and what the different inflation measures try to represent cannot be summarised with a single line on a chart or a casual reference to a solitary data point. Investors very often fail to understand the detail behind inflation, and end up making bad investment decisions as a result. The Truth About Inflation does not set out to forecast inflation, but to help improve its understanding, so that investors can make better decisions to achieve the real returns that they need. Starting with a summary of long history of inflation, the drivers of price change are considered. Many of the "urban myths" that have built up about inflation are shown to be a consequence of irrational judgement or political scaremongering. Some behaviour, like the unhealthy veneration of gold as a means of inflation protection, is shown to be the result of historical accident. In the modern era of lower nominal investment returns, inflation inequality (whereby some groups experience persistently higher inflation than others) is a very important consideration. This book sets out the realities of price changes in the modern investing environment, without using economic equations or jargon. It gives investors the framework they need to think about inflation and how to protect themselves against it, whether the aggregate inflation of the future rises or falls from current levels.

After Capital

Author: Couze Venn
Publisher: SAGE
ISBN: 1526457008
Format: PDF, Mobi
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The present crisis of capitalism has a history. A history of the private accumulation of wealth through property regimes which allow increasing commodification and the privatisation of resources: from land to knowledge and even to life itself. Understanding that history may allow us to imagine alternatives after Capital which are no longer private but common. After Capital explores this history, showing how the economy is linked to environmental damage, climate change, resource depletion, and to massive inequality. It takes the reader from liberalism to neoliberalism, from climate change to the Anthropocene, and shows how this history is inextricably the history of colonialism. It is a rich and detailed narrative of capitalism over the last 200 years, that explains its texture and its neoliberal endgame. This discussion frames speculation on what postcapitalist societies could be, with regimes of private accumulation replaced by a politics and ethics of a democratic and ecologically- grounded Commons.

The Financial Crisis and the Free Market Cure Why Pure Capitalism is the World Economy s Only Hope

Author: John A. Allison
Publisher: McGraw Hill Professional
ISBN: 0071806784
Format: PDF, Mobi
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The #1 Wall Street Journal Bestseller “Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.” —Charles Koch, Chairman and CEO, Koch Industries, Inc. Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO. Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals: Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries. In the end, you’ll understand why it’s so important to put “free” back in free market. It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.

The Foundations and Future of Financial Regulation

Author: Mads Andenas
Publisher: Routledge
ISBN: 113504337X
Format: PDF, Docs
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Financial regulation has entered into a new era, as many foundational economic theories and policies supporting the existing infrastructure have been and are being questioned following the financial crisis. Goodhart et al’s seminal monograph "Financial Regulation: Why, How and Where Now?" (Routledge:1998) took stock of the extent of financial innovation and the maturity of the financial services industry at that time, and mapped out a new regulatory roadmap. This book offers a timely exploration of the "Why, How and Where Now" of financial regulation in the aftermath of the crisis in order to map out the future trajectory of financial regulation in an age where financial stability is being emphasised as a key regulatory objective. The book is split into four sections: the objectives and regulatory landscape of financial regulation; the regulatory regime for investor protection; the regulatory regime for financial institutional safety and soundness; and macro-prudential regulation. The discussion ranges from theoretical and policy perspectives to comprehensive and critical consideration of financial regulation in the specifics. The focus of the book is on the substantive regulation of the UK and the EU, as critical examination is made of the unravelling and the future of financial regulation with comparative insights offered where relevant especially from the US. Running throughout the book is consideration of the relationship between financial regulation, financial stability and the responsibility of various actors in governance. This book offers an important contribution to continuing reflections on the role of financial regulation, market discipline and corporate responsibility in the financial sector, and upon the roles of regulatory authorities, markets and firms in ensuring the financial health and security of all in the future.

Investing in the High Yield Municipal Market

Author: Triet Nguyen
Publisher: John Wiley & Sons
ISBN: 1118240111
Format: PDF, Mobi
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A practical guide to profiting from the high yield municipal market This unique guide to the high yield municipal bond market sheds some much-needed light on this esoteric but profitable corner of the fixed-income world. It fills the void between the general reference handbooks on municipal bonds and the superficial treatment of do-it-yourself bond guides, with an emphasis on practical trading applications. Having witnessed the beginning of the modern high yield tax-exempt institutional market, author Triet Nguyen documents its historical evolution, outlines a conceptual framework for high yield tax-free investing, one that takes into account both interest rate and credit cycles, and reviews the latest historical data on municipal defaults, including for the first time the non-rated sector. Current distressed opportunities are also discussed. Along the way, Nguyen takes the time to discuss in detail the pros and cons of investing in pre-packaged high yield vehicles—from mutual funds to hedge funds to exchange-traded funds—with frank and objective insider tips on how these slickly marketed products really work. For the truly committed investor who wants to do his or her own homework, Nguyen and a group of industry experts go over the key investment considerations for several major classes of high yield tax-exempt bonds. Offers unique insights into the risk/return, trading, and liquidity characteristics of high yield municipal instruments Includes interesting case studies to fully illustrate the high yield investing process Written by an insider of both the asset management industry and the broker-dealer community Investing in the High Yield Municipal Market will put you in a better position to profit in this arena and help you excel in today's tough financial environment.

Financial Crisis Inquiry Report

Author: Phil Angelides
Publisher: DIANE Publishing
ISBN: 1437980724
Format: PDF, ePub
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The Financial Crisis Inquiry Commission was created to "examine the causes of the current financial and economic crisis in the U.S." In this report, the Commission presents the results of its examination and its conclusions as to the causes of the crisis. More than two years after the worst of the financial crisis, our economy continues to experience the aftershocks. Millions of Americans have lost their jobs and their homes, and the economy is still struggling to rebound. This report is intended to provide a historical accounting of what brought our financial system and economy to a precipice and to help policy makers and the public better understand how this calamity came to be. Charts and tables. This is a print on demand report.

The End of Growth

Author: Richard Heinberg
Publisher: New Society Publishers
ISBN: 1550924834
Format: PDF, Docs
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Economics has failed us . . . but there is life after growth!