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Title: Now, Build a Great Business!
Author(s): Mark Thompson, Brian Tracy
Language: English
Published: 19 November 2010
Publisher: AMACOM Books
ISBN: 9780814416976
Extension: EPUB
Size: 2 MB
Subjects: Business, Nonfiction
Categories: Business, Nonfiction
Don't be daunted by a challenging economy and fierce competition. Even in the toughest environment, innovative, highly profitable businesses abound and yours can be one of them.
Bestselling business authority Mark Thompson and international success expert Brian Tracy join forces to show you how great leadership, great people, and great products are the key to building a phenomenally successful business.
In Now, Build a Great Business!, you'll learn how to:
[*]inspire superior results from everyone around you;
[*]attract and keep great people;
[*]develop a business plan that maximizes your resources;
[*]identify market demands;
[*]deliver superior customer service;
[*]craft a standout marketing plan;
[*]and motivate customers to buy again and again.
Thompson and Tracy reveal a series of seven principles guaranteed to improve any business in any industry. This guide also features real-world examples from wildly successful businesses and accessible, all-encompassing strategies to guide you through the most important facets of any profitable venture-including leadership, sales, and marketing.
Now, Build a Great Business! will transform your business and help you deliver extraordinary results.
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Title: Novum Organum (Classic Reprint)
Author(s): Francis Bacon
Language: English
Publisher: Forgotten Books
ISBN: 9781440042508
Extension: EPUB
Size: 186 KB
Subjects: Philosophy
Product Description
PREFACE
THEY who have presumed to dogmatize on nat.ure, as
on some well investign.ted subject, either from self-conceit
or arrogance, and in the professorial style, have inflicted
the grcRtest injury on philosophy and learning. Fol.' they
have tended to stifle and interrupt inquiry exactly in pro·
portion a8 they have prevailed in bringing others to their
olJinion: and their own activity has not counterbalanced
the mischief they have occasiolled by corrupting and de·
stroying that of others. They again who have entered upon
a contrary course, and asserted that nothing whatever can
be known, whether they hnve fallen into this opinion from
their hatred of the ancient sophists, or from the hesitation
of their millds, or from an exuberance of learning, have
certainly adduced reasons for it. which are by no menns
contemptible. They hayc not, however, derived their
opinion from. true sources, and, hurried on by their zeal
and some affectation, have certainly exceeded due mo
About the Publisher
Forgotten Books is a publisher of historical writings, such as: Philosophy, Classics, Science, Religion, History, Folklore and Mythology.
Forgotten Books' Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the difficult to read text. Read books online for free at http://www.forgottenbooks.org
Language Notes
Text: English (translation)
Original Language: Latin
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Title: Nothing was the same: a memoir
Author(s): Kay Redfield Jamison
Language: English
Published: 15 September 2009
Publisher: Random House, Inc.
ISBN: 9780307265371
Extension: EPUB
Size: 2 MB
Subjects: Autobiography
Categories: Biography & Autobiography, Psychology, Sociology, Nonfiction
A penetrating psychological study of grief viewed from deep inside the experience itself-from the national bestselling author of Unquiet Mind.
Kay Redfield Jamison, award-winning professor and writer, changed the way we think about moods and madness. Now Jamison uses her characteristic honesty, wit and eloquence to look back at her relationship with her husband, Richard Wyatt, a renowned scientist who died of cancer.
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Title: Notes from the Hard Shoulder
Author(s): James May
Language: English
Published: 27 May 2009
Publisher: Ebury Publishing
ISBN: 9780753512029
Extension: EPUB
Size: 215 KB
Subjects: Biography & Autobiography, Performing Arts, Transportation, Nonfiction
Categories: Biography & Autobiography, Performing Arts, Transportation, Nonfiction
Top Gear presenter and columnist for the Daily Telegraph James May brings together another brilliant collection of his most controversial and humorous writing.
From tales of motoring adventures through India, Russia and Iceland, to classic articles on essential subjects such as driving songs and haunted car parks, these gems from the number one car connoisseur will take readers on a motoring journey that will amuse and entertain in equal measure.
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Title: Notes From a Small Island
Author(s): Bill Bryson
Language: English
Published: 02 March 2010
Publisher: Emblem Editions
ISBN: 9781784161194
Extension: EPUB
Size: 249 KB
Subjects: General, Europe, England, Humor, Form, Essays, Great Britain, Travel, Essays & Travelogues
Categories: Travel, Nonfiction
In 1995, before leaving his much-loved home in North Yorkshire to move back to the States for a few years with his family, Bill Bryson insisted on taking one last trip around Britain, a sort of valedictory tour of the green and kindly island that had so long been his home. His aim was to take stock of the nation's public face and private parts (as it were), and to analyse what precisely it was he loved so much about a country that had produced Marmite; a military hero whose dying wish was to be kissed by a fellow named Hardy; place names like Farleigh Wallop, Titsey and Shellow Bowells; people who said 'Mustn't grumble', and 'Ooh lovely' at the sight of a cup of tea and a plate of biscuits; and Gardeners' Question Time. Notes from a Small Island was a huge number-one bestseller when it was first published, and has become the nation's most loved book about Britain, going on to sell over two million copies.
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Title: Notebooks
Author(s): Leonardo da Vinci; Irma Anne Richter; Thereza Wells
Language: English
Publisher: Oxford University Press
ISBN: 9780199299027
Extension: EPUB
Size: 2 MB
Subjects: General, Fiction, History, Art, European, etc, Renaissance, Leonardo, 1452-1519, da Vinci, Notebooks, art monographs, Drawing By Individual Artists, sketchbooks, Individual Artist, History - Renaissance, Renaissance art, Individual Artists, Individual Painters - Renaissance, Drawing & drawings, Drawing, Techniques - Drawing, Individual Artists - General, Techniques, Art & Art Instruction
SUMMARY: Most of what we know about Leonardo da Vinci, we know because of his notebooks. Some 6,000 sheets of notes and drawings survive, perhaps one-fifth of what he actually produced. With an artist's eye and a scientist's curiosity, he recorded in these pages his observations on the movement ofwater and the formation of rocks, the nature of flight and optics, anatomy, architecture, sculpture, and painting. He jotted down fables, epigrams, and letters and developed his belief in the sublime unity of nature and man. Through his notebooks we can get an insight into Leonardo's thoughts, andhis approach to work and life. This selection, organized in seven themed sections, offers a fascinating and informative sample of his writings. Fully updated, this new edition includes some 70 line drawings and a Preface by Martin Kemp, one of the world's leading authorities on Leonardo, whoexplores the artist's genius and the contents and legacy of his manuscripts. The book also features new notes and a chronology of Leonardo's life.Irma A. Richter was an artist, translator, and Leonardo scholar.Thereza Wells is Head of Scientific Analysis at Universal Leonardo.Martin Kemp is University Professor of the History of Art at the University of Oxford (Trinity College) and the author of The Oxford History of Western Art and Leonardo.
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Title: Not Quite What I Was Planning
Author(s): Larry Smith
Language: English
Published: 13 October 2009
Publisher: HarperCollins
ISBN: 9780061374050
Extension: EPUB
Size: 1 MB
Subjects: Biography & Autobiography, Language Arts, Nonfiction
Categories: Biography & Autobiography, Language Arts, Nonfiction
Deceptively simple and surprisingly addictive, Not Quite What I Was Planning is a thousand glimpses of humanity-six words at a time.
One Life. Six Words. What's Yours?
When Hemingway famously wrote, "For Sale: baby shoes, never worn," he proved that an entire story can be told using a half dozen words. When the online storytelling magazine SMITH asked readers to submit six-word memoirs, they proved a whole, real life can be told this way too. The results are fascinating, hilarious, shocking, and moving.
From small sagas of bittersweet romance ("Found true love, married someone else") to proud achievements and stinging regrets ("After Harvard, had baby with crackhead"), these terse true tales relate the diversity of human experience in tasty bite-sized pieces. From authors Jonathan Lethem and Richard Ford to comedians Stephen Colbert and Amy Sedaris, to ordinary folks around the world, everyone has a six-word story to tell.
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Title: Not Without Hope
Author(s): Nick Schuyler
Language: English
Published: 02 March 2010
Publisher: HarperCollins
Extension: EPUB
Size: 758 KB
Subjects: Biography & Autobiography, Nonfiction
Categories: Biography & Autobiography, Nonfiction
Not Without Hope is the true story of the headline-making tragedy that took the lives of three football players: NFL stars Marquis Cooper and Corey Smith, and Will Bleakley from the University of South Florida. Told by the sole survivor of the ill-fated fishing trip, Nick Schuyler, with New York Times bestselling author and sports journalist Jere Longford, Not Without Hope is an inspiring and unforgettable story of courage and strength, friendship and loss, and, most importantly, hope, in the vein of Touching the Void, Into Thin Air, Between a Rock and a Hard Place, andPiers Paul Read's classic survival tale, Alive.
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Title: Not Becoming My Mother
Author(s): Ruth Reichl
Language: English
Published: 05 January 2009
Publisher: Penguin USA, Inc.
ISBN: 9781741757538
Extension: EPUB
Size: 99 KB
Subjects: Biography & Autobiography, Nonfiction
Categories: Biography & Autobiography, Nonfiction
Best selling author Ruth Reichl examines her mother's life, giving voice to the universal unarticulated truth that we are grateful not to be our mothers.
In Not Becoming My Mother, bestselling author Ruth Reichl embarks on a clear-eyed, open hearted investigation of her mother's life, piecing together the journey of a woman she comes to realize she never really knew. Looking to her mother's letters and diaries, Reichl confronts the painful transition she made from a hopeful young woman to an increasingly unhappy older one and realizes the tremendous sacrifices she made to make sure her daughter's life would not be as disappointing as her own.
Growing up in Cleveland, Miriam Brudno dreamed of becoming a doctor, like her father. But when she announced this, her parents said, 'You're no beauty, and it's too bad you're such an intellectual. But if you become a doctor no man will ever marry you.' Instead, at 20, Miriam opened a bookstore, a profession everyone agreed was suitably ladylike. She corresponded with authors all over the world, including philosophers like Bertrand Russell, political figures like Max Eastman and novelists like Christopher Marlowe. It was the happiest time of her life.
Nearly 30 when she finally married, she fulfilled expectations, settled down, left her bookstore behind and started a family. But conformity came at a tremendous cost. With labour-saving devices to aid in household chores, there was simply not enough to fill the days. Miriam - and most of her friends - were smart, educated women who were often bored, miserable and silently rebellious.
On what would have been Miriam's one hundredth birthday, Reichl opens up her mother's diaries for the first time and encounters a whole new woman. This is a person she had never known. In this intimate study Reichl comes to understand the lessons of rebellion, independence and self-acceptance that her mother - though unable to guide herself - succeeded in teaching her daughter.
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Title: Northanger Abbey
Author(s): Jane Austen
Language: English
Published: 23 January 2016
Publisher: Icon Health
Extension: EPUB
Size: 455 KB
Subjects: Education, Italian, Language, Foreign Language Study, French, Bilingual Education, Foreign Language - Dictionaries, Phrase Books
Categories: Classic Literature, Fiction
NORTHANGER ABBEY was the first of Jane Austen's novels to be completed for public¬cation, though she had previously made a start on Sense and Sensibility and Pride and Prejudice. According to Cassandra Austen's Memorandum, Susan (as it was first called) was written circa 1798-99.Seventeen-year-old Catherine Morland is one of ten children of a country clergyman. Although a tomboy in her childhood, by the age of 17 she is "in training for a heroine" and is excessively fond of reading Gothic novels, among which Ann Radcliffe's Mysteries of Udolpho is a favourite. Catherine is invited by the Allens, her wealthier neighbours in Fullerton, to accompany them to visit the town of Bath and partake in the winter season of balls, theatre and other social delights. Although initially the excitement of Bath is dampened by her lack of acquaintances, she is soon introduced to a clever young gentleman, Henry Tilney, with whom she dances and converses. Much to Catherine's disappointment, Henry does not reappear in the subsequent week and, not knowing whether or not he has left Bath for good, she wonders if she will ever see him again. Through Mrs. Allen's old college-friend Mrs. Thorpe, she meets her daughter Isabella, a vivacious and flirtatious young woman, and the two quickly become friends. Mrs. Thorpe's son John is also a friend of Catherine's older brother, James, at Oxford where they are both students. James and John arrive unexpectedly in Bath. While Isabella and James spend time together, Catherine becomes acquainted with John, a vain and crude young gentleman who incessantly tells fantastical stories about himself. (more on: www.wisehouse-classics.com)
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Title: The Atlantic and Its Enemies: A History of the Cold War
Author(s): Norman Stone
Language: English
Published: 25 May 2010
Publisher: Basic Books
ISBN: 9780465020430
Extension: EPUB
Size: 2 MB
Subjects: History, General, United States, Political Science, Europe, Soviet Union, Military, 20th Century, Modern, Cold War, World politics, History; Modern, World politics - 20th century, Civilization; Modern, World, United States - Foreign relations - 1945-1989, History; Modern - 20th century, International Relations, Military history; Modern, Military history; Modern - 20th century, Soviet Union - Foreign relations - 1945-1991, War and society, Civilization; Modern - 20th century, Europe - History - 20th century
Categories: History, Nonfiction
After World War II, the former allies were saddled with a devastated world economy and traumatized populace. Soviet influence spread insidiously from nation to nation, and the Atlantic powers - the Americans, the British, and a small band of allies - were caught flat-footed by the coups, collapsing armies, and civil wars that sprung from all sides. The Cold War had begun in earnest.
In The Atlantic and Its Enemies, prize-winning historian Norman Stone assesses the years between World War II and the collapse of the Iron Curtain. He vividly demonstrates that for every Atlantic success there seemed to be a dozen Communist or Third World triumphs. Then, suddenly and against all odds, the Atlantic won - economically, ideologically, and militarily - with astonishing speed and finality.
An elegant and path-breaking history, The Atlantic and Its Enemies is a monument to the immense suffering and conflict of the twentieth century, and an illuminating exploration of how the Atlantic triumphed over its enemies at last.
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Title: Europe: A History
Author(s): Norman Davies
Language: English
Published: 30 September 2010
Publisher: Harper Perennial
ISBN: 9780060974688
Extension: EPUB
Size: 17 MB
Subjects: History
Categories: History, Sociology, Nonfiction
Europe - and the question of whether to stay in or leave - has dominated British politics for the last three years. Yet how much do you really know about the Continent?
From the Ice Age to the Cold War, from Reykjavik to the Volga, from Minos to Margaret Thatcher, Norman Davies tells the entire story of Europe in a single volume. Discover the most ambitious history of the continent ever undertaken.
'Any European or world citizen should read this... History that illuminates the present day' Big Issue
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Title: Nook Color Survival Guide
Author(s): Toly K
Language: English
Publisher: MobileReference
ISBN: 9781611980493
Extension: EPUB
Size: 2 MB
Subjects: Encyclopedias
This Nook Color manual provides step-by-step instructions on how to do everything with your Nook Color FASTER. You will also unlock hidden secrets on your Nook Color such as how to download FREE eBooks, send an email from your Nook, surf the web, and read news for free.
NEW! Learn how to download and manage APPLICATIONS on your Nook Color. Also, this book now covers the new EMAIL APPLICATION.
Updated on May 9, 2011
This Nook Color guide includes:
- Getting Started
- Registering the Nook Color
- Connecting the Nook Color to a PC or Mac
- Setting Up Wi-Fi
- Using the Wishlist
- Lending Books
- Changing the font size
- Using the dictionary
- Taking notes
- Reading children's books
- Downloading thousands of free eBooks
- Transferring downloaded eBooks to the Nook Color
- Managing Applications
- Managing Email
- List of Nook-friendly websites that save you time typing in long URL addresses
- Shortcuts and tips
- Taking a screenshot
- Conserving Battery Life
- Switching between applications
- Playing music
- Viewing and editing photos
- Playing Sudoku and chess
- Buying eBooks through the Barnes and Noble Store
- Subscribing to Magazines and Newspapers
- Cancelling Subscriptions
- Book browsing tips
- Emailing from the Nook Color
- How to use the Nook Color Web Browser
- Adding bookmarks and notes
- Viewing periodicals
- Buying books
- Troubleshooting
- Live Nook Color support telephone numbers
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Title: Nonzero: The Logic of Human Destiny
Author(s): Robert Wright
Language: English
Published: 20 April 2001
Publisher: Vintage
ISBN: 9780679442523
Extension: EPUB
Size: 501 KB
Subjects: History, Science, Sociology, Nonfiction
Categories: History, Science, Sociology, Nonfiction
In his bestselling The Moral Animal, Robert Wright applied the principles of evolutionary biology to the study of the human mind. Now Wright attempts something even more ambitious: explaining the direction of evolution and human history-and discerning where history will lead us next.
In Nonzero: The Logic of Human Destiny, Wright asserts that, ever since the primordial ooze, life has followed a basic pattern. Organisms and human societies alike have grown more complex by mastering the challenges of internal cooperation. Wright's narrative ranges from fossilized bacteria to vampire bats, from stone-age villages to the World Trade Organization, uncovering such surprises as the benefits of barbarian hordes and the useful stability of feudalism. Here is history endowed with moral significance-a way of looking at our biological and cultural evolution that suggests, refreshingly, that human morality has improved over time, and that our instinct to discover meaning may itself serve a higher purpose. Insightful, witty, profound, Nonzero offers breathtaking implications for what we believe and how we adapt to technology's ongoing transformation of the world.
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Title: Nolo's Essential Guide to Divorce
Author(s): Emily Doskow
Language: English
Published: 07 September 2006
Publisher: NOLO
Extension: EPUB
Size: 11 MB
Subjects: Family & Relationships, Law, Reference, Nonfiction
Categories: Family & Relationships, Law, Reference, Nonfiction
The most practical-and legal-companion through divorce ever published.
Like most people who are going through a separation or divorce, you're probably wondering "What's next?" at every turn.
So turn to Nolo's Essential Guide to Divorce for clear answers that can help make your divorce as simple and inexpensive as humanly possible. With compassion and understanding, Nolo's Essential Guide to Divorce will help you: - Understand the divorce process
- Work with mediators or lawyers
- Avoid expensive and painful court battles
- Figure out alimony
- Establish child custody and visitation
- Determine child support
- Divide money and property fairly
- Draft a marital settlement agreement
- Deal with divorce emergencies
- Address post
- Divorce issues
- Find helpful resources
- And much more
On every page, this book stresses the importance of minimizing conflict, explains complex legal problems concisely, and provides advice on how to protect your interests. Plus, easy-to-use charts make it easy to find the divorce laws of your state.
Plenty of books out there claim to cover divorce thoroughly, but only Nolo has the reputation of consistently delivering clear legal expertise and invaluable insights. Trust Nolo's Essential Guide to Divorce to help you through every step.
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Title: Nolo's Essential Guide to Buying Your First Home
Author(s): Ilona Bray, Alayna Schroeder, Marcia Stewart
Language: English
Publisher: NOLO
Extension: EPUB
Size: 3 MB
Subjects: Law, Business & Economics, House buying, Property, Real Estate
There's no place like home!
Ready to say goodbye to your landlord? With help from Nolo's Essential Guide to Buying Your First Home , you'll not only find the right house for you, you'll have fun doing it.
Learn how to:
• research the local market and listings
• choose a house, condo, co-op, or townhouse
• create a realistic budget
• qualify for a loan you can truly afford
• borrow a down payment from friends or family
• protect yourself with inspections and insurance, and
• negotiate and close the deal successfully.
You'll find insights from numerous real estate professionals-agents, attorneys, mortgage specialists, a home inspector, and more. It's like having a team of experts by your side! Plus, read real-life stories of over 20 first-time homebuyers.
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Title: Nolo's Encyclopedia of Everyday Law: Answers to Your Most Frequently Asked Legal Questions
Author(s): Shae Irving, Nolo (Editor)
Language: English
Publisher: NOLO
Extension: EPUB
Size: 8 MB
Subjects: General, Law, Practical Guides, Reference, Miscellanea, United States, Popular works, Dictionaries & Terminology, Law - United States
Amazon.com Review
Here is a practical book for non-lawyers, providing clear answers to frequently asked questions in 74 different areas of the law. "What do I do about my noisy neighbors?" "What are my rights if I'm fired from my job?" "Do I really need to make a will?" In lieu of going to law college, this book gives a good, basic grounding on the legal matters most likely to touch your life--your home, your car, your money, and your job, among others. It's an excellent reference book for any home library.
From Library Journal
This book digests information offered in many other Nolo Press titles. Chapters answer basic legal questions pertaining to estate planing, domestic relations, landlords and tenants, employment, small businesses, money management and debt, neighbor conflicts, elder law, and automobiles. Nolo's trademark style is present?plain English writing with useful lists of additional resources. The question-and-answer format forms the backbone of the book, and practical examples, explanations of legal principles, and useful tips appear throughout. Any library with a substantial collection of Nolo materials will find this to be redundant, but small collections looking for a general legal guide may want to add this latest offering.?Joan Pedzich, Harris Beach & Wilcox LLP, Rochester, N.Y.
Copyright 1997 Reed Business Information, Inc.
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Title: On the Nature of Things (Great Books in Philosophy)
Author(s): Titus Lucretius Carus, John Selby Waston (Translator)
Language: English
Publisher: Prometheus Books
Published: 25 November 2016
ISBN: 9781573921794, 059405303X
Extension: EPUB
Size: 212 KB
Subjects: Philosophy, History & Surveys, Ancient & Classical, General, Translations into English, Poetry, Literature, Didactic poetry; Latin, Philosophy; Ancient - Poetry, Didactic poetry; Latin - Translations into English, Ancient; Classical & Medieval, Philosophy; Ancient
Review
Long poem written in Latin as De rerum natura by Lucretius which sets forth the physical theory of the Greek philosopher Epicurus. The title of Lucretius' work translates that of the chief work of Epicurus, Peri physeos (On Nature). Lucretius divided his argument into six books. Books I and II establish the main principles of the atomic universe, refute the rival theories of the pre-Socratic cosmic philosophers Heracleitus, Empedocles, and Anaxagoras, and covertly attack the Stoics, a college of moralists rivaling that of Epicurus. Book III demonstrates the atomic structure and mortality of the soul and ends with a triumphant sermon on the theme "Death is nothing to us." Book IV describes the mechanics of sense perception, thought, and certain bodily functions and condemns sexual passion. Book V describes the creation and working of the world and the celestial bodies and the evolution of life and human society. Book VI explains remarkable phenomena of the earth and sky, in particular, thunder and lightning. The poem ends with a description of the plague at Athens, a somber picture of death that contrasts with the depiction of spring and birth in the invocation to Venus with which the poem opens. The linguistic style of the poem is notable. Lucretius' aim was to render the bald and abstract Greek prose of Epicurus into Latin hexameters at a time when Latin had no philosophic vocabulary. He succeeded by turning common words to a technical use. When necessary, he invented words. He freely used alliteration and assonance, solemn and often metrically convenient archaic forms, and old constructions. He imitated or echoed Homer, the dramatists Aeschylus and Euripides, the poet Callimachus, the historian Thucydides, and the physician Hippocrates. --The Merriam-Webster Encyclopedia of Literature
Product Description
With the passion of a true poet, Titus Lucretius Carus (ca. 99-55 B.C.E.) expounds the most coherent and eloquent system of materialism surviving from the ancient world. Developing the atomic theory of his master, Epicurus, Lucretius discusses the motion of atoms, natural phenomena, sensation, free will, and the soul's relation to the body. Most importantly, Lucretius sees his teaching as a bulwark against religious fears and prejudices. Since death is final, humankind need not fear everlasting torture and punishment.
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Title: On the Nature of the Gods (de Natura) (Dodo Press)
Author(s): Marcus Tullius Cicero
Language: English
Publisher: Book Depository
ISBN: 9781409942023
Extension: EPUB
Size: 174 KB
Subjects: Philosophy, General
SUMMARY: Marcus Tullius Cicero (106 Bi43 Be was a Roman statesman, lawyer, political theorist, philosopher, and Roman constitutionalist. He is widely considered one of Rome[s greatest orators and prose stylists. He is generally perceived to be one of the most versatile minds of ancient Rome. He introduced the Romans to the chief colleges of Greek philosophy and created a Latin philosophical vocabulary, distinguishing himself as a linguist, translator, and philosopher. An impressive orator and successful lawyer, he probably thought his political career his most important achievement. Today, he is appreciated primarily for his humanism and philosophical and political writings. Although a great master of Latin rhetoric and composition, Cicero was not Roman in the traditional sense, and was quite self-conscious of this for his entire life. He was declared a [righteous pagan[ by the early Catholic Church, and therefore many of his works were deemed worthy of preservation. Saint Augustine and others quoted liberally from his works On the Republic and On the Laws, and it is due to this that we are able to recreate much of the work from the surviving fragments.
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Title: On the Brink: Inside the Race to Stop the Collapse of the Global Financial System
Author(s): Henry M. Paulson
Language: English
Publisher: Headline
ISBN: 9780755360550
Extension: EPUB
Size: 1 MB
Subjects: Business & Economics, General, United States, Biography & Autobiography, Political, Political Science, Economic History, Public Policy, Economic Conditions, Economic Policy, 2008-2009, Global Financial Crisis, Global Financial Crisis; 2008-2009, Economics: Professional & General, Financial crises & disasters
Amazon.com Review
When Hank Paulson, the former CEO of Goldman Sachs, was appointed in 2006 to become the nation's next Secretary of the Treasury, he knew that his move from Wall Street to Washington would be daunting and challenging.
But Paulson had no idea that a year later, he would find himself at the very epicenter of the world's most cataclysmic financial crisis since the Great Depression. Major institutions including Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, AIG, Merrill Lynch, and Citigroup, among others-all steeped in rich, longstanding tradition-literally teetered at the edge of collapse. Panic ensnared international markets. Worst of all, the credit crisis spread to all parts of the U.S. economy and grew more ominous with each passing day, destroying jobs across America and undermining the financial security millions of families had spent their lifetimes building.
This was truly a once-in-a-lifetime economic nightmare. Events no one had thought possible were happening in quick succession, and people all over the globe were terrified that the continuing downward spiral would bring unprecedented chaos. All eyes turned to the United States Treasury Secretary to avert the disaster.
This, then, is Hank Paulson's first-person account. From the man who was in the very middle of this perfect economic storm, On the Brink is Paulson's fast-paced retelling of the key decisions that had to be made with lightning speed. Paulson puts the reader in the room for all the intense moments as he addressed urgent market conditions, weighed critical decisions, and debated policy and economic considerations with of all the notable players-including the CEOs of top Wall Street firms as well as Ben Bernanke, Timothy Geithner, Sheila Bair, Nancy Pelosi, Barney Frank, presidential candidates Barack Obama and John McCain, and then-President George W. Bush.
More than an account about numbers and credit risks gone bad, On the Brink is an extraordinary story about people and politics-all brought together during the world's impending financial Armageddon.
Read the Author's Note from On the Brink
The pace of events during the financial crisis of 2008 was truly breathtaking. In this book, I have done my best to describe my actions and the thinking behind them during that time, and to convey the breakneck speed at which events were happening all around us.
I believe the most important part of this story is the way Ben Bernanke, Tim Geithner, and I worked as a team through the worst financial crisis since the Great Depression. There can't be many other examples of economic leaders managing a crisis who had as much trust in one another as we did. Our partnership proved to be an enormous asset during an incredibly difficult period. But at the same time, this is my story, and as hard as I have tried to reflect the contributions made by everyone involved, it is primarily about my work and that of my talented and dedicated team at Treasury.
--Henry M. Paulson
Amazon Interview: Henry M. Paulson on On the Brink
We spoke with Henry M. Paulson in late January 2010, just before the release of On the Brink. You can listen to parts
Amazon.com: You accepted the job as Treasury secretary in 2006, with some reluctance. Did you have any idea what you were getting into?
Paulson: I had a pretty clear idea that there would be a credit crisis sometime when I was in Washington. And I told the president I thought there'd be one, and the first major meeting I had with him I spent just talking about that topic. But I did not anticipate a crisis of the magnitude we faced--didn't anticipate that at all--and I certainly was bordering on naive in my understanding of the regulatory powers and authorities in Washington.
Amazon.com: You talked about [Ben] Bernanke's great knowledge of history. How much of a guide could history be?
Paulson: I can answer that two ways. First of all, history is a guide in one very real sense: that if you let the financial system collapse, and don't do enough to stave off disaster, the people who are going to suffer, the innocent victims, are going to be the American people. It's not going to be the banks, or the financial sector. So you need to do everything you can to put out the fire before it gets out of control. I think to that extent history was an important guide.
Otherwise, there wasn't much you could learn from history. That's a big lesson, but we were dealing with a financial system and markets very different from what had existed many years ago. Huge concentration in the industry, so if you had two or three firms go down in succession you'd have a domino effect. The whole system could collapse, and it wouldn't take much to have unemployment levels equal to what we had at the Great Depression, and it could happen very quickly. And we didn't have the tools we needed to work with. The regulatory system hadn't been updated since the Great Depression, essentially; the regulatory authorities hadn't. We didn't have the authorities for dealing with major non-banks, and winding them down. So in many ways what were doing was we were dealing with--I said in the book--duct tape and baling wire. We were making do with the authorities we had, which were woefully inadequate.
Amazon.com: And scrambling to get more authories.
Paulson: And scrambling to get more authorities. And in many ways this book is the story of the collision of politics and markets, and it's the story of a race against time to get more authorities. And I think one of the things that really comes through in the book is all of the different elements of the crisis that were coming at us simultaneously.
You could just see it. We could see it and it was one of the most frustrating--when I look at the things I could have done better, there were a lot of them and they come out in the book, but the communications challenges were huge. I mean, I sat there when the capital markets froze, before we went to Congress, and the money markets weren't working, and I just tried to think about how to explain this. Because I knew--I was seeing major, blue-chip industrial companies that were having trouble raising financing, so I knew with $3.4 trillion of money market funds, and with everything that was just getting ready to break apart, that if the system had collapsed there'd be thousands and thousands and thousands of mainstream industrial companies--middle-sized companies, large companies--that wouldn't be able to raise their short-term funding, finance their inventories, pay their people. People wouldn't have been able to pay their bills. This would have rippled through the economy. We would then have had--well, today we have over 10% unemployment. That's terrible. And that's after everything we've done. If the system had collapsed, when we were on the brink, unemployement easily could have been at the 25% level that we saw at the Great Depression, and the value destruction--much greater than we've had in terms of home prices and in terms of people's savings accounts and stock portfolios and so on.
Amazon.com: And now it looks like 2010 is going to be the year that the Obama administration tackles financial reform. In the last section of your book you mention some lessons that you took out of the crisis.
Paulson: Yeah, this is absolutely critical. And I am not shocked but very unhappy we don't have this yet, because people in this country are angry. Now they're very angry about bonuses and compensation levels on Wall Street, and rightfully so, after everything that's been done to save Wall Street. But what they should be angry about is that we have a system that made this necessary. And so what we need to do is we need to channel some of that anger toward fixing the system so never again do we have major financial institutions that are too big to fail.
Amazon.com: And do you worry that the further we get from the crisis the harder it will be to make those necessary reforms?
Paulson: Of course I do. The thing I worry about the most is I don't want another Treasury secretary to ever be sitting there like I was, without the tools and authorities you need to protect our country, protect our economy, and protect the people. It's a helpless feeling and it's a terrible feeling, and we should never be in this place. Our authorities need to be updated, our financial regulatory structure needs to be updated, and I'm optimistic about the future if we do this.
If we don't, we will have another crisis. You always do. That's the history of mankind. If you go back, as long as we've had banks and financial institutions, there have been excesses, no matter how hard you try to avoid them, and there are going to be financial crises, and we need the tools in place and the regulatory system in place to be able to have a better visibility into what's going on and then be able to put out the fire when it starts, without costing the American people as much as this one did.
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From Publishers Weekly
Paulson (U.S. Treasury Secretary from July '07 to January '09) has come under sharp criticism from both sides of the political spectrum for his role in bailing out the banks. In this fast-moving, insider's account of "the worst financial crisis since the Great Depression," he tells his side of the story. Working closely with Treasury Secretary Timothy Geithner (then president of the New York Federal Reserve Bank) and Ben Bernanke (chairman of the Federal Reserve Board), he cobbled together a series of rescue operations to prevent the collapse of major U.S. financial institutions. Paulson, and the rest of the team who worked tirelessly to avert an economic catastrophe, command respect, but his contention that their actions were the only possible approach to the crisis leaves many open questions. He has little of substance to say about the precipitating events, and his equally Reaganesque and Kafkaesque calls to get "the government out of the private sector as quickly as possible" result in a somewhat unconvincing page turner.
Copyright © Reed Business Information, a division of Reed Elsevier Inc. All rights reserved.
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