The Number That Killed Us
The Number That Killed Us

Author: Pablo Triana

Publisher: John Wiley & Sons

Published: 2011-11-01

Total Pages: 263

ISBN-13: 1118171543

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A critical look at the risk measurement tool that has repeatedly hurt the financial world The Number That Killed Us finally tells the "greatest story never told": how a mysterious financial risk measurement model has ruled the world for the past two decades and how it has repeatedly, and severely, caused market, economic, and social turmoil. This model was the key factor behind the unleashing of the cataclysmic credit crisis that erupted in 2007 and which the effects are still being felt around the world. The Number That Killed Us is the first and only book to thoroughly explain this hitherto-uncovered phenomenon, making it the key reference for truly understanding why the malaise took place. The very number financial institutions and regulators use to measure risk (Vale at Risk/VaR) has masked it, allowing firms to leverage up their speculative bets to unimaginable levels. VaR sanctioned and allowed the monstrously geared toxic punts that sank Wall Street, and the world, during the latest crisis. We can confidently say that VaR was the culprit. In The Number That Killed Us, derivatives expert Pablo Triana takes you through the development of VaR and shows how its inevitable structural flaws allowed banks to take on even greater risks. The precise role of VaR in igniting the latest crisis is thoroughly covered, including in-depth analysis of how and why regulators, by falling in love with the tool, condemned us to chaos. Uncritically embraced worldwide for way too long, VaR is, in the face of such destruction, just starting to be examined as problematic, and in this book Triana (long an open critic of the tool's role in encouraging mayhem) uncovers exactly why it makes our financial world a more dangerous place. If we care for our safety, we should let VaR go. Contains controversial analysis of the hotly debated risk metric Value at Risk (VaR) and its central role in the credit crisis Denounces the role of regulators and academics in forcing the presence of the inevitably malfunctioning in financeland Describes how bonus-hungry traders can use VaR as an alibi to take on the most reckless of bets Reveals how the most recent financial crisis will simply repeat itself if the problems behind VaR are not unmasked Pablo Triana is also the author of Lecturing Birds on Flying The very risk measurement tool that was intended to contain risk allowed financial firms to blindly take on more. The model that was supposed to save us condemned us to misery. The Number That Killed Us reveals how this has happened and what needs to be done to correct the situation.

Right of Way
Right of Way

Author: Angie Schmitt

Publisher: Island Press

Published: 2020-08-27

Total Pages: 247

ISBN-13: 1642830836

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The face of the pedestrian safety crisis looks a lot like Ignacio Duarte-Rodriguez. The 77-year old grandfather was struck in a hit-and-run crash while trying to cross a high-speed, six-lane road without crosswalks near his son’s home in Phoenix, Arizona. He was one of the more than 6,000 people killed while walking in America in 2018. In the last ten years, there has been a 50 percent increase in pedestrian deaths. The tragedy of traffic violence has barely registered with the media and wider culture. Disproportionately the victims are like Duarte-Rodriguez—immigrants, the poor, and people of color. They have largely been blamed and forgotten. In Right of Way, journalist Angie Schmitt shows us that deaths like Duarte-Rodriguez’s are not unavoidable “accidents.” They don’t happen because of jaywalking or distracted walking. They are predictable, occurring in stark geographic patterns that tell a story about systemic inequality. These deaths are the forgotten faces of an increasingly urgent public-health crisis that we have the tools, but not the will, to solve. Schmitt examines the possible causes of the increase in pedestrian deaths as well as programs and movements that are beginning to respond to the epidemic. Her investigation unveils why pedestrians are dying—and she demands action. Right of Way is a call to reframe the problem, acknowledge the role of racism and classism in the public response to these deaths, and energize advocacy around road safety. Ultimately, Schmitt argues that we need improvements in infrastructure and changes to policy to save lives. Right of Way unveils a crisis that is rooted in both inequality and the undeterred reign of the automobile in our cities. It challenges us to imagine and demand safer and more equitable cities, where no one is expendable.

Great Delusion
Great Delusion

Author: John J. Mearsheimer

Publisher: Yale University Press

Published: 2018-09-25

Total Pages: 328

ISBN-13: 0300240538

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A renowned scholar argues that liberal hegemony—the policy America has pursued since the Cold War ended—is doomed to fail Named a Financial Times Best Book of 2018 “Idealists as well as realists need to read this systematic tour de force.”—Robert D. Kaplan, author of The Return of Marco Polo’s World It is widely believed in the West that the United States should spread liberal democracy across the world, foster an open international economy, and build international institutions. The policy of remaking the world in America’s image is supposed to protect human rights, promote peace, and make the world safe for democracy. But this is not what has happened. Instead, the United States has become a highly militarized state fighting wars that undermine peace, harm human rights, and threaten liberal values at home. In this major statement, the renowned international-relations scholar John Mearsheimer argues that liberal hegemony—the foreign policy pursued by the United States since the Cold War ended—is doomed to fail. It makes far more sense, he maintains, for Washington to adopt a more restrained foreign policy based on a sound understanding of how nationalism and realism constrain great powers abroad. The Great Delusion is a lucid and compelling work of the first importance for scholars, policymakers, and everyone interested in the future of American foreign policy.

We Killed God: Widow, Orphan, Alien & Destitute: America
We Killed God: Widow, Orphan, Alien & Destitute: America

Author: Phylicia Entrelle

Publisher: Alpha Book Publisher

Published:

Total Pages: 216

ISBN-13:

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Fasten your seatbelt; Backtrack! We killed our Husband, Parent, and Benefactor. Now, accelerate slowly to the infinitesimal, sacred, scientific foundation of this entity, through eyes of MIT trained engineer, Gerald Schroeder. NASA, and NOAA will underscore those methodical principles! Don’t speed past lexicons made plain by Ancient Hebrew Research Center’s founder, Jeff A. Benner. Also, be prepared to come to a full stop upon the probability of alien visitation, hostile or friendly –– rethink thumbing your nose at the thought. On this, hear sacred scholars, Rabbi Tzvi Freeman, and Rebbe Menachem Schneerson, of “righteous memory, and anticipated Jewish Messiah. Can you imagine the Land of Liberty, –Widow, Orphan, Alien, & Destitute, displaced, scattered abroad, or even remaining here under distant rulers? We’re headed toward more clouds, earthquakes, and chaos up ahead; ––unaware? Change lanes; own up to greater than Covid–19 for ignoring the command: ––“LET MY PEOPLE GO.” Finally, look for flashing emergency caution lights herein, pointing to the prophetic warning to our Union: “ . . . progress introspectively, re–evaluate; act on past desired ascension toward greatness, before its prosperity . . . modify deeds;” . . . as global Prophet, Rabbi Jonathan Cahn admonishes; “avoid tragic repercussions dealt similar wicked nations.” Now, fasten those seatbelts; read ––go!