Labor in the Age of Finance

Labor in the Age of Finance

Author: Sanford M. Jacoby

Publisher: Princeton University Press

Published: 2021-06

Total Pages: 368

ISBN-13: 0691217203

DOWNLOAD EBOOK

From award-winning economic historian Sanford M. Jacoby, a fascinating and important study of the labor movement and shareholder capitalism Since the 1970s, American unions have shrunk dramatically, as has their economic clout. Labor in the Age of Finance traces the search for new sources of power, showing how unions turned financialization to their advantage. Sanford Jacoby catalogs the array of allies and finance-based tactics labor deployed to stanch membership losses in the private sector. By leveraging pension capital, unions restructured corporate governance around issues like executive pay and accountability. In Congress, they drew on their political influence to press for corporate reforms in the wake of business scandals and the financial crisis. The effort restrained imperial CEOs but could not bridge the divide between workers and owners. Wages lagged behind investor returns, feeding the inequality identified by Occupy Wall Street. And labor’s slide continued. A compelling blend of history, economics, and politics, Labor in the Age of Finance explores the paradox of capital bestowing power to labor in the tumultuous era of Enron, Lehman Brothers, and Dodd-Frank.


River City and Valley Life

River City and Valley Life

Author: Christopher J. Castaneda

Publisher: University of Pittsburgh Press

Published: 2013-12-09

Total Pages: 418

ISBN-13: 0822979187

DOWNLOAD EBOOK

Often referred to as “the Big Tomato,” Sacramento is a city whose makeup is significantly more complex than its agriculture-based sobriquet implies. In River City and Valley Life, seventeen contributors reveal the major transformations to the natural and built environment that have shaped Sacramento and its suburbs, residents, politics, and economics throughout its history. The site that would become Sacramento was settled in 1839, when Johann Augustus Sutter attempted to convert his Mexican land grant into New Helvetia (or “New Switzerland”). It was at Sutter’s sawmill fifty miles to the east that gold was first discovered, leading to the California Gold Rush of 1849. Nearly overnight, Sacramento became a boomtown, and cityhood followed in 1850. Ideally situated at the confluence of the American and Sacramento Rivers, the city was connected by waterway to San Francisco and the surrounding region. Combined with the area’s warm and sunny climate, the rivers provided the necessary water supply for agriculture to flourish. The devastation wrought by floods and cholera, however, took a huge toll on early populations and led to the construction of an extensive levee system that raised the downtown street level to combat flooding. Great fortune came when local entrepreneurs built the Central Pacific Railroad, and in 1869 it connected with the Union Pacific Railroad to form the first transcontinental passage. Sacramento soon became an industrial hub and major food-processing center. By 1879, it was named the state capital and seat of government. In the twentieth century, the Sacramento area benefitted from the federal government’s major investment in the construction and operation of three military bases and other regional public works projects. Rapid suburbanization followed along with the building of highways, bridges, schools, parks, hydroelectric dams, and the Rancho Seco nuclear power plant, which activists would later shut down. Today, several tribal gaming resorts attract patrons to the area, while “Old Sacramento” revitalizes the original downtown as it celebrates Sacramento’s pioneering past. This environmental history of Sacramento provides a compelling case study of urban and suburban development in California and the American West. As the contributors show, Sacramento has seen its landscape both ravaged and reborn. As blighted areas, rail yards, and riverfronts have been reclaimed, and parks and green spaces created and expanded, Sacramento’s identity continues to evolve. As it moves beyond its Gold Rush, Transcontinental Railroad, and government-town heritage, Sacramento remains a city and region deeply rooted in its natural environment.


California Dreaming

California Dreaming

Author: Lawrence J. McQuillan

Publisher: Independent Institute

Published: 2015-05-29

Total Pages: 202

ISBN-13: 1598131907

DOWNLOAD EBOOK

California's unfunded public pension liability, when measured correctly, is two to four times larger than official government estimates. In total, California's 86 defined-benefit public pension plans are underfunded by roughly $430 billion, representing California's greatest financial challenge since the Great Depression. The failure to fully fund the pension promises has allowed the current generation to receive public services that they are not fully paying for, pushing the pension problem onto future generations. California Dreamin': Resolving the Public Pension Crisis explains how six reforms would solve the state's pension problem in an equitable, responsible, and moral way: preserving pension benefits already earned, providing competitive pensions going forward, and granting the flexibility needed so that future generations are not paying for deals they did not make.


Pay Without Performance

Pay Without Performance

Author: Lucian A. Bebchuk

Publisher: Harvard University Press

Published: 2004

Total Pages: 308

ISBN-13: 9780674020634

DOWNLOAD EBOOK

The company is under-performing, its share price is trailing, and the CEO gets...a multi-million-dollar raise. This story is familiar, for good reason: as this book clearly demonstrates, structural flaws in corporate governance have produced widespread distortions in executive pay. Pay without Performance presents a disconcerting portrait of managers' influence over their own pay--and of a governance system that must fundamentally change if firms are to be managed in the interest of shareholders. Lucian Bebchuk and Jesse Fried demonstrate that corporate boards have persistently failed to negotiate at arm's length with the executives they are meant to oversee. They give a richly detailed account of how pay practices--from option plans to retirement benefits--have decoupled compensation from performance and have camouflaged both the amount and performance-insensitivity of pay. Executives' unwonted influence over their compensation has hurt shareholders by increasing pay levels and, even more importantly, by leading to practices that dilute and distort managers' incentives. This book identifies basic problems with our current reliance on boards as guardians of shareholder interests. And the solution, the authors argue, is not merely to make these boards more independent of executives as recent reforms attempt to do. Rather, boards should also be made more dependent on shareholders by eliminating the arrangements that entrench directors and insulate them from their shareholders. A powerful critique of executive compensation and corporate governance, Pay without Performance points the way to restoring corporate integrity and improving corporate performance.


The Federal Reserve System Purposes and Functions

The Federal Reserve System Purposes and Functions

Author: Board of Governors of the Federal Reserve System

Publisher:

Published: 2002

Total Pages: 0

ISBN-13: 9780894991967

DOWNLOAD EBOOK

Provides an in-depth overview of the Federal Reserve System, including information about monetary policy and the economy, the Federal Reserve in the international sphere, supervision and regulation, consumer and community affairs and services offered by Reserve Banks. Contains several appendixes, including a brief explanation of Federal Reserve regulations, a glossary of terms, and a list of additional publications.


The Future of the Public's Health in the 21st Century

The Future of the Public's Health in the 21st Century

Author: Institute of Medicine

Publisher: National Academies Press

Published: 2003-02-01

Total Pages: 536

ISBN-13: 0309133181

DOWNLOAD EBOOK

The anthrax incidents following the 9/11 terrorist attacks put the spotlight on the nation's public health agencies, placing it under an unprecedented scrutiny that added new dimensions to the complex issues considered in this report. The Future of the Public's Health in the 21st Century reaffirms the vision of Healthy People 2010, and outlines a systems approach to assuring the nation's health in practice, research, and policy. This approach focuses on joining the unique resources and perspectives of diverse sectors and entities and challenges these groups to work in a concerted, strategic way to promote and protect the public's health. Focusing on diverse partnerships as the framework for public health, the book discusses: The need for a shift from an individual to a population-based approach in practice, research, policy, and community engagement. The status of the governmental public health infrastructure and what needs to be improved, including its interface with the health care delivery system. The roles nongovernment actors, such as academia, business, local communities and the media can play in creating a healthy nation. Providing an accessible analysis, this book will be important to public health policy-makers and practitioners, business and community leaders, health advocates, educators and journalists.


The Handbook of Traditional and Alternative Investment Vehicles

The Handbook of Traditional and Alternative Investment Vehicles

Author: Mark J. P. Anson

Publisher: John Wiley & Sons

Published: 2010-12-03

Total Pages: 497

ISBN-13: 1118008693

DOWNLOAD EBOOK

A comprehensive volume that covers a complete array of traditional and alternative investment vehicles This practical guide provides a comprehensive overview of traditional and alternative investment vehicles for professional and individual investors hoping to gain a deeper understanding of the benefits and pitfalls of using these products. In it, expert authors Mark Anson, Frank Fabozzi, and Frank Jones clearly present the major principles and methods of investing and their risks and rewards. Along the way, they focus on providing you with the information needed to successfully invest using a host of different methods depending upon your needs and goals. Topics include equities, all types of fixed income securities, investment-oriented insurance products, mutual funds, closed-end funds, investment companies, exchange-traded funds, futures, options, hedge funds, private equity, and real estate Written by the expert author team of Mark Anson, Frank Fabozzi, and Frank Jones Includes valuable insights for everyone from finance professionals to individual investors Many finance books offer collections of expertise on one or two areas of finance, but The Handbook of Traditional and Alternative Investment Vehicles brings all of these topics together in one comprehensive volume.