Learn financial and business lessons from some of the biggest frauds in history Why does financial fraud persist? History is full of sensational financial frauds and scams. Enron was forced to declare bankruptcy after allegations of massive accounting fraud, wiping out $78 billion in stock market value. Bernie Madoff, the largest individual fraudster in history, built a $65 billion Ponzi scheme that ultimately resulted in his being sentenced to 150 years in prison. People from all walks of life have been scammed out of their money: French and British nobility looking to get rich quickly, farmers looking for a miracle cure for their health ailments, several professional athletes, and some of Hollywood’s biggest stars. No one is immune from getting deceived when money is involved. Don’t Fall For It is a fascinating look into some of the biggest financial frauds and scams ever. This compelling book explores specific instances of financial fraud as well as some of the most successful charlatans and hucksters of all-time. Sharing lessons that apply to business, money management, and investing, author Ben Carlson answers questions such as: Why do even the most intelligent among us get taken advantage of in financial scams? What make fraudsters successful? Why is it often harder to stay rich than to get rich? Each chapter in examines different frauds, perpetrators, or victims of scams. These real-life stories include anecdotes about how these frauds were carried out and discussions of what can be learned from these events. This engaging book: Explores the business and financial lessons drawn from some of history’s biggest frauds Describes the conditions under which fraud tends to work best Explains how people can avoid being scammed out of their money Suggests practical steps to reduce financial fraud in the future Don’t Fall For It: A Short History of Financial Scams is filled with engrossing real-life stories and valuable insights, written for finance professionals, investors, and general interest readers alike.
An account of the significant though gradual, uneven, disconnected, ad hoc, and pragmatic innovations in global financial governance and developmental finance induced by the global financial crisis. In When Things Don't Fall Apart, Ilene Grabel challenges the dominant view that the global financial crisis had little effect on global financial governance and developmental finance. Most observers discount all but grand, systemic ruptures in institutions and policy. Grabel argues instead that the global crisis induced inconsistent and ad hoc discontinuities in global financial governance and developmental finance that are now having profound effects on emerging market and developing economies. Grabel's chief normative claim is that the resulting incoherence in global financial governance is productive rather than debilitating. In the age of productive incoherence, a more complex, dense, fragmented, and pluripolar form of global financial governance is expanding possibilities for policy and institutional experimentation, policy space for economic and human development, financial stability and resilience, and financial inclusion. Grabel draws on key theoretical commitments of Albert Hirschman to cement the case for the productivity of incoherence. Inspired by Hirschman, Grabel demonstrates that meaningful change often emerges from disconnected, erratic, experimental, and inconsistent adjustments in institutions and policies as actors pragmatically manage in an evolving world. Grabel substantiates her claims with empirically rich case studies that explore the effects of recent crises on networks of financial governance (such as the G-20); transformations within the IMF; institutional innovations in liquidity support and project finance from the national to the transregional levels; and the “rebranding” of capital controls. Grabel concludes with a careful examination of the opportunities and risks associated with the evolutionary transformations underway.
Did you know ... Injuries from falls are the number one reason children go to the emergency room every year. Over 2 million children suffer serious injuries from falls annually. Children are 100 times more likely to go to the hospital as a result of a fall than being hit by a car. Fall injuries are preventable! Why do falls cause so many more injuries than cars? Because we teach our children to be safe when crossing the street. Don't Fall Franny is a great way to start a fall prevention discussion with our children. Written and illustrated in a fun and light-hearted way, Don't Fall Franny allows parents and caregivers to teach children that falls are preventable. Use Don't Fall Franny to start a simple five-minute discussion that will make your children safer and may help avoid a visit to the ER. We all fall, especially kids. Don't Fall Franny's mission is to help children learn how to be a little more aware of their surroundings to help prevent serious injury, while still having a fun time! Children across the nation are playfully learning how to be safer in their everyday lives with the help of Franny and her friends.
"I've always felt that I would never develop into a really fine actress because I cared more about life beyond the camera than the life in front of it. Over the years my search became broader and broader. After two months on a picture my car seemed to veer toward the airport of its own accord. I still loved acting and enjoyed it. I was a professional, but basically I was more interested in the people I played than the movies I played them in..." -- Shirley MacLaine. An outspoken thinker, a keen observer, a truly independent woman, Shirley MacLaine takes us on a remarkable journey into her life and her inner self. From her Virginia roots, to stardom, marriage, motherhood and her enlightening travels to mysterious corners of the world, her story is exciting and poetic, moving and humorous-the varied and life-changing experiences of a talented, intelligent and extraordinary woman.
Every invisible girl deserves to be seen. I'm the Invisible Girl. No one at school knows I exist, least of all star quarterback Brayden Barrington. What sucks is that I have a major crush on him. What sucks even more? He only has eyes for my dad, a college sports recruiter. When Brayden concocts a plan for us to fake date so he could get close to my dad, of course I say yes. Massive crush, remember? With the help of the new friends I make at my school's book club, I can navigate this confusing path of pretend. Sort of. Not really. I'm not the one pretending, but I'll end up with the broken heart. Because Brayden and I live in two different worlds and he'd never in a million years choose a girl like me. Or would he? Quarterbacks Don't Fall For Invisible Girls is the first book in the Invisible Girls Club, a sweet YA contemporary romance series. If you like invisible girls who snag the boys of their dreams, this book is for you!
A deep question in economics is why wages and salaries don't fall during recessions. This is not true of other prices, which adjust relatively quickly to reflect changes in demand and supply. Although economists have posited many theories to account for wage rigidity, none is satisfactory. Eschewing "top-down" theorizing, Truman Bewley explored the puzzle by interviewing--during the recession of the early 1990s--over three hundred business executives and labor leaders as well as professional recruiters and advisors to the unemployed. By taking this approach, gaining the confidence of his interlocutors and asking them detailed questions in a nonstructured way, he was able to uncover empirically the circumstances that give rise to wage rigidity. He found that the executives were averse to cutting wages of either current employees or new hires, even during the economic downturn when demand for their products fell sharply. They believed that cutting wages would hurt morale, which they felt was critical in gaining the cooperation of their employees and in convincing them to internalize the managers' objectives for the company. Bewley's findings contradict most theories of wage rigidity and provide fascinating insights into the problems businesses face that prevent labor markets from clearing. Table of Contents: Acknowledgments 1. Introduction 2. Methods 3. Time and Location 4. Morale 5. Company Risk Aversion 6. Internal Pay Structure 7. External Pay Structure 8. The Shirking Theory 9. The Pay of New Hires in the Primary Sector 10. Raises 11. Resistance to Pay Reduction 12. Experiences with Pay Reduction 13. Layoffs 14. Severance Benefits 15. Hiring 16. Voluntary Turnover 17. The Secondary Sector 18. The Unemployed 19. Information, Wage Rigidity, and Labor Negotiations 20. Existing Theories 21. Remarks on Theory 22. Whereto from Here? Notes References Index Reviews of this book: In Why Wages Don't Fall During A Recession, [Truman Bewley] tackles one of the oldest, and most controversial, puzzles in economics: why nominal wages rarely fall (and real wages do not fall enough) when unemployment is high. But he does so in a novel way, through interviews with over 300 businessmen, union leaders, job recruiters and unemployment counsellors in the north-eastern United States during the early 1990s recession...Mr. Bewley concludes that employers resist pay cuts largely because the savings from lower wages are usually outweighed by the cost of denting workers' morale: pay cuts hit workers' standard of living and lower their self-esteem. Falling morale raises staff turnover and reduces productivity...Mr. Bewley's theory has some interesting implications...[and] has a ring of truth to it. --The Economist Reviews of this book: This contribution to the growing literature on behavioral macroeconomics threatens to disturb the tranquil state of macroeconomic theory that has prevailed in recent years...Bewley's argument will be hard for conventional macroeconomists to ignore, partly because of the extraordinary thoroughness and honesty with which he evidently conducted his investigation, and the sheer volume of evidence he provides...Although Bewley's work will not settle the substantive debates related to wage rigidity, it is likely to have a profound influence on the way macroeconomists construct models. In particular, the concepts of morale, fairness, and money illusion are almost certain to play a big role in macroeconomic theory. His demonstration that there exist in reality simple, robust behavioral patters that cannot plausibly be founded on traditional maximizing behabior also raises the prospect of a more empirically oriented, more behavioral macroeconomics in the future. --Peter Howitt, journal of Economic Literature Reviews of this book: I think any scholar interested in labour markets and wage determination should read this well-written, lively, and highly stimulating book...[It] provides a fresh view and a lot of complementary background knowledge about how experienced people in the field see the employment relationship and what is actually crucial. Knowledge of this sort is all too rare in economics, and Truman Bewley's truly impressive study can serve as a role model for future investigations. --Simon G'chter, Journal of Institutional and Theoretical Economics To call this book a breath of fresh air is an understatement. The direct insights are fascinating, and Truman Bewley's use of them is sharp and insightful. Labor economists and macroeconomists have a lot to think about. --Robert M. Solow, Nobel Laureate, Institute Professor of Economics, Emeritus, Massachusetts Institute of Technology Truman Bewley set out to conduct a handful of interviews with business executives to gain some theoretical inspiration, and his project blossomed into over 300 interviews with business people, labor leaders and consultants. He is truly the accidental interviewer of economics. Time and again, he found that workers behave like people, not atomistic, selfish economic agents. His insights will engage and enrage economic theorists and empiricists for years to come. --Alan Krueger, Bendheim Professor of Economics and Public Affairs, Princeton University
In this modern day retelling of Rapunzel, Anya has her books, her photography, and her daydreams. She doesn't think she needs anything else. She lives in a house on the edge of town with her adopted mother, who goes to extreme measures to keep her daughter safe. Anya doesn't even go to school, but instead has a private tutor. Anya tries not to acknowledge her loneliness; she puts her efforts into pleasing her mom, and gives her heart to her stories, secretly wishing for a story of her own. Then one day at the library, the only place she's allowed to go, she takes a picture of a beautiful boy. Before long she's lying to her mom, and sneaking out late at night to meet Zander. But Zander wants more than a secret romance. If Anya wants to be with the boy of her dreams, she will have to risk her relationship with the only other person she's ever cared about.
A simple guide to a smarter strategy for the individual investor A Wealth of Common Sense sheds a refreshing light on investing, and shows you how a simplicity-based framework can lead to better investment decisions. The financial market is a complex system, but that doesn't mean it requires a complex strategy; in fact, this false premise is the driving force behind many investors' market "mistakes." Information is important, but understanding and perspective are the keys to better decision-making. This book describes the proper way to view the markets and your portfolio, and show you the simple strategies that make investing more profitable, less confusing, and less time-consuming. Without the burden of short-term performance benchmarks, individual investors have the advantage of focusing on the long view, and the freedom to construct the kind of portfolio that will serve their investment goals best. This book proves how complex strategies essentially waste these advantages, and provides an alternative game plan for those ready to simplify. Complexity is often used as a mechanism for talking investors into unnecessary purchases, when all most need is a deeper understanding of conventional options. This book explains which issues you actually should pay attention to, and which ones are simply used for an illusion of intelligence and control. Keep up with—or beat—professional money managers Exploit stock market volatility to your utmost advantage Learn where advisors and consultants fit into smart strategy Build a portfolio that makes sense for your particular situation You don't have to outsmart the market if you can simply outperform it. Cut through the confusion and noise and focus on what actually matters. A Wealth of Common Sense clears the air, and gives you the insight you need to become a smarter, more successful investor.
A remarkable odyssey that John le Carre calls 'inspiring, courageous, sometimes heartbreaking' Josh Sundquist was an energetic and inquisitive nine-year-old when he was diagnosed with Ewing's sarcoma, a virulent cancer that eventually claimed his left leg. His extraordinary journey takes him from his small southern town-with his father, an aspiring pastor questioning his faith, and his mother, a rigidly conservative homeschool teacher- through a dizzying array of hospitals, on to high school, and then to the mountains, where Josh learns to ski. On the slopes, Josh's world bursts wide open and he finds within him the drive to become a champion skier, despite his disability. While he navigates the dramas of high school and an unstable home life, Josh keeps his eyes on the prize-the 2006 Paralympics in Turin, Italy. Just Don't Fall isn't just the story of a boy becoming a man, but of a champion realizing his greatest aspiration.
