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Monetary Unions and Hard Pegs: Effects on Trade, Financial Development, and Stability
Manufacturer: Oxford University Press, USA ProductGroup: Book Binding: Hardcover ASIN: 0199271402 |
Book Description
Financial services with global reach are becoming ever more important in the conduct and organization of the trade and investment of nations, and currencies that lack international standing lose out in this business. The result of financial development has been destabilizing currency and portfolio substitution -- in favour of international currencies and against local ones. This book analyses formal approaches to overcoming monetary divisions within countries and within integrating regions, focusing on the consequences of monetary union for trade among union members and their financial development and stability. The authors discuss hard pegs such as those attempted by the currency board of Argentina, outright dollarization, such as in Ecuador, and multilateral monetary union, as in Europe, the least reversible form of monetary union and the most powerful elixir of financial integration and trade. The political classes and central banks in most countries have been reluctant to admit the market- and technology-driven forces of currency consolidation, much less yield to them. International financial institutions too are still in the habit of proffering advice about national monetary and exchange-rate policies on the assumption that getting rid of both is not even an option. Emerging-market countries, in particular, have to choose between retaining what independent monetary means they still have -- and can safely use in the presence of widespread liability dollarization and currency mismatches -- and formally replacing the domestic with an international currency to reduce exposure to debilitating financial crises. In concrete investigations of this choice, this volume shows that monetary union deserves a much more sympathetic hearing.
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Wealth and Our Commonwealth: Why America Should Tax Accumulated Fortunes
William H. Gates , and Chuck Collins Manufacturer: Beacon Press ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 080704718X |
Book Description
A world leader in philanthropy (and father of the planet's wealthiest man) and an expert on U.S. economic inequality (and heir of Oscar Mayer) on the'billionaire backlash' A world leader in philanthropy (and father of the planet's wealthiest man) and an expert on U.S. economic inequality (and heir of Oscar Mayer) on the'billionaire backlash' The'Man Bites Dog' story of over 1,000 highnet- worth individuals who rose up to protest the repeal of the estate tax made headlines everywhere last year. Central to the organization of what Newsweek tagged the 'billionaire backlash' were two visionaries: Bill Gates, Sr., cochair of the Bill and Melinda Gates Foundation, the largest foundation on earth, and Chuck Collins, cofounder of United for a Fair Economy and Responsible Wealth, and the great-grandson of meat packer Oscar Mayer who gave away his substantial inheritance at the age of twenty-six. Gates and Collins argue that individual wealth is a product not only of hard work and smart choices but of the society that provides the fertile soil for success. They don't subscribe to the'Great Man' theory of wealth creation but contend that society's investments, such as economic development, education, health care, and property rights protection, all contribute to any individual's good fortune. With the repeal proposed by the Bush administration, we might be facing the future that Teddy Roosevelt feared-where huge fortunes amassed and untaxed would evolve into a dangerous and permanent aristocracy. Repeal would drop federal revenues $294 billion in the first 10 years; 27 some $750 billion would be lost in the second decade, not to mention that the U.S. Treasury estimates that charitable contributions would drop by $6 billion a year.Customer Reviews:
Very Informative.......2006-08-19
Original Indigenous Economy has truths to help us grow........2005-03-24
6 Stars Out of 5.......2003-05-17
Is America a "democracy"? After Ch.1 you really wonder. A sample from p. 15: Around the turn of the century, shortly before WWI, the top 1 (one) per cent of the population owned 56.4% of the country's private wealth - at the same time, the authors tell us, "the wealthiest 10 [ten] per cent of households owned 90% of all wealth." Now, think about it: 90% of Americans together owned a mere 10% of the country! (And most of the country's wealth was in private hands, because the government at all levels owned very little of value. There wasn't even a national park in existence!) That's neither justice nor democracy.
American society started to improve since then, especially after the introduction of income tax. But things have again gone in the opposite direction in the last two decades, so that "the United States is now the most unequal society in the industrialized world." (p. 14)
This fact is borne out in the UN Human Development Report 2002. (I was surprised that this authoritative publication is NOT cited anywhere in this book.) This report gives the "Gini Index" for each country, among numerous other data. The Gini Index is not something out of Aladdin: It "measures inequality over the entire distribution of income or consumption. A value of 0 represents perfect equality, and a value of 100 perfect inequality." (p. 197) Ranked are these selected countries in the industrialized world: Denmark (24.7 - the least unequal society), Japan (24.8), other Scandinavian countries (including Finland) at around 26, then Germany (30.0), then English-speaking countries like my own Canada (31.5 - the lowest in this group), Australia (35.2 !!), the UK (36.8 - hardly news, what with their queen and lords), and finally the United States at 40.8. (France, the host of the French Revolution, is a surprising 32.7.) For comparison, developing China is 40.3 (beats the US by a hair - but not for long), India only 37.8 (I guess only a couple of people can be called rich there), and Russia is the most unequal of all at 48.7.....but then Russia is now run by a mafia of ruthless moneylords, much like America a century ago, when men like Rockefeller and Al Capone ran all the shows. (Still it is better than the gulag and secret police. And anything is better than communism.)
Getting rid of the estate tax won't help one bit. On the other hand, not repealing it in and of itself is just a small step in the right direction, hardly enough to stop the country from sliding down the slippery slope to a second Gilded Age. This book makes a very convincing argument why getting rid of the estate tax is truly a form of insanity the name of which is still not in the psychiatric textbooks. Bill Gates Sr.'s position is supported by his son (the world's richest man - mostly self-made). Warren Buffett, the world's second richest man (also self-made), disagrees with them only because he thinks the estate tax as it is does not go far enough. (He'd prefer to tax 100% of the super-rich's inheritance not given to charity.) This estate tax is absolutely, undoubtedly no "death tax" - as though everyone has to pay it, even the poor. Rather, it is really just "rich kids' tax"! Let's start calling the thing by its right name.
Andrew Carnegie is frequently quoted in this book, for good reasons. This mega-hero of the Gilded Age, who rose from abject poverty in a foreign country to become the richest man on earth, literally built America - with the steel from his furnaces, used in railroads and highrise buildings. He went even further than Buffett: "Any rich man [or woman, I assume] who doesn't give away his money to charity BEFORE he dies is a shame and a disgrace to society," as he said over and over. Carnegie certainly practised what he preached. (Before he died he gave away at least 95% of his worth, mostly to create free libraries for people too poor to have books.) Carnegie also believed in the estate tax: "Of all taxes this seems the wisest," in a memorable quote in this fine book.
At a time when many Americans worry about losing their jobs, when every citizen pays for the defense of the country, this is no time for the estate tax repeal - just so that the Forbes zillionaires own and control even more of the country while the rest have nothing or next to nothing. The supremely selfish, extremely greedy, totally irresponsible, unbelievably small-minded and short-sighted people who oppose the estate tax - and therefore dislike this book - hate and despise their fellow Americans more, and do more long term damage to America, than any Middle East terrorists because this kind of injustice (in Buffett's choice word) was what caused the downfall of Rome and is still yet another reason which encourages neo-Marxists everywhere.
This book is densely argued and extremely clearly presented. The 24 pages of sources in this slim little volume show the authors have done their homework, despite the omission I mentioned. Bill Gates Sr.'s authority is undeniable not only because he was already wealthy himself BEFORE his son became the world's richest human being (for at least the past ten years as far as I know), but also because he is himself a highly successful tax lawyer and in charge of one of the world's largest charitable foundations, the Gates Foundation. (One day it will be the world's largest.) If he doesn't know what he is talking about, I don't know who does. This book's Foreword is aptly written by the formidable Paul Volcker, former Fed Chairman.
I can't praise this book enough. It can go further though, as the public and private statements by Warren Buffett - a good friend of both Gates' - explain clearly why. Despite its admirable conciseness, this book can use a good general index at the end. (I want to be sure who said what when and why.)
Must Reading for Every Member of Congress.......2003-04-06
Brilliant. A must read for those who care about the USA........2003-02-15
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Death and Dollars: The Role of Gifts and Bequests in America
Manufacturer: Brookings Institution Press ProductGroup: Book Binding: Paperback ASIN: 081575891X |
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Death, Deeds, and Descendants: Inheritance in Modern America (Social Institutions and Social Change)
Remi Clignet Manufacturer: Aldine Transaction ProductGroup: Book Binding: Hardcover ASIN: 0202303985 |
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Inheritance and Wealth in America (The Language of Science)
Manufacturer: Springer ProductGroup: Book Binding: Hardcover ASIN: 0306456524 |
Book Description
Inheritance and Wealth in America is a superb collection of original essays, written in nontechnical language by experts in sociology, economics, anthropology, history, law, and other disciplines. Notable chapters provide - an outstanding interpretative history of inheritance in American legal thought - a critical review of the literature on the economics of inheritance at the household and societal levels - a superb history of Federal taxation of wealth transfers, and - a sociological examination of inheritance and its role in class reproduction and stratification. This groundbreaking work is of value to any researcher dealing with the transmission of wealth and privilege across generations.
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Riqueza y codicia.(herencia e impuestos en América)(TT: Wealth and greed.)(TA: inheritance and taxes in America): An article from: Epoca
José Ignacio Del Castillo Manufacturer: Difusora de Informacion Periodica, S.A. (DINPESA) ProductGroup: Book Binding: Digital ASIN: B0008HPCEY Release Date: 2005-07-28 |
Book Description
This digital document is an article from Epoca, published by Difusora de Informacion Periodica, S.A. (DINPESA) on March 4, 2001. The length of the article is 465 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
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Estate and inheritance tax reform: proposals for a more effective redistribution of wealth in Latin America
John Strasma ProductGroup: Book Binding: Unknown Binding ASIN: B0007H6OO2 |
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Primogeniture and entailed estates in America
Richard B Morris Manufacturer: Columbia University ProductGroup: Book Binding: Unknown Binding ASIN: B0008B6PIW |
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Essential XML for Web Professionals
Dan Livingston Manufacturer: Prentice Hall PTR ProductGroup: Book Binding: Paperback ASIN: 0130662542 |
Customer Reviews:
Try something else, this dog won't hunt........2003-10-09
Starts strong, then fades into incomprehension.......2003-06-18
The first part is the best intro to XML that I've read, but it's just an intro.
Very good book.......2002-05-01
Not a tutorial, but a great reference........2002-03-29
This book has it all, except solid examples that tie it all together. I now understand how vast and capable XML is, but I haven't gained an ability to put it to any real practical use.
Items I don't agree with:
1. The book is not 500 pages ...Page 223 marks the start of Appendix A, the XML 1.0 specification. The index ends on page 345. 122 pages of reference (over 33%).
2. The book's cover states I will learn to build web applications fast. Huh? There are no sample applications, only examples of how to use the syntax being discussed.
3. The cover states that I will learn by doing, as I work on a fictional e-commerce site. Huh? There are no exercises, and there is no e-commerce site being built.
4. The cover refers to real-scenarios. Again, where are they?
5. A chapter titled, "Common Examples of XML", was really an introduction to SMIL, SVG, and WDDX. Good stuff, but not what I was expecting.
This book needs a companion to deliver all that's been promised. I still don't have a clear picture of the XML DOM, the difference between a node and an element, nor do I have an idea of where I should be using XML (instead of (or with) the technologies I'm already familiar with (i.e. ASP, ADO, and JavaScript)).
Considering how the other reviews have labeled this book #1, is there any hope? Can anyone recommend a book that's better at painting the big picture?
Best I have read so far..........2002-02-07
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Essential XML for Web Professionals (Inquiry into crucial American problems)
John Evdemon Manufacturer: Prentice Hall PTR ProductGroup: Book Binding: Paperback ASIN: 0130323837 |
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SmartStart Your Massachusetts Business (SmartStart Series) (Smartstart Series)
Oasis Press Editors , and PSI Research Manufacturer: Oasis ProductGroup: Book Binding: Paperback ASIN: 1555714080 |
Book Description
A resource guide for starting your own business. Includes current state and federal start-up information, contacts, statistics, and legislation.
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Starting and Operating a Business in Massachusetts: A Step-By-Step Guide (Smartstart Your Business in)
Michael D. Jenkins Manufacturer: Oasis Pr ProductGroup: Book Binding: Hardcover ASIN: 1555712428 |
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Communication Skills for Doctors: A Guide to Effective Communication with Patients and Families (Hodder Arnold Publication)
Peter Maguire Manufacturer: A Hodder Arnold Publication ProductGroup: Book Binding: Paperback ASIN: 034066309X |
Book Description
This important and timely book is written to help senior medical students and doctors in training become more competent in dealing with difficult areas of communication. The author covers the main areas where communication must take place effectively, both in normal interview situations as well as difficult scenarios that students/doctors are likely to encounter. These include breaking bad news, interviewing potentially suicidal patients and handling anger and hopelessness as well as patient grief. Practical advice is given on how to improve technique as well as how to leave patients feeling understood and satisfied whilst surviving emotionally at the same time.
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Complete Idiot's Guide to Cool Jobs for Teens
Susan Ireland Manufacturer: Alpha ProductGroup: Book Binding: Paperback Similar Items:
Accessories:
ASIN: 0028640322 |
Book Description
With U.S. unemployment the lowest it's been in 25 years, the job market for teens has never been better. But even in good times, it can be hard for teens to find jobs that are right for them. They still must be able to interview with confidence, stick with the daily grind and figure out how much money will be paid in taxes. The Complete Idiot's Guide to Cool Jobs for Teens teaches job-finding skills (resumes and cover letter writing and interviewing techniques), job-keeping skills, being an entrepreneur, spending and saving on a salary and exploring internships and volunteering. Ideal for 12-18 year-olds.
Customer Reviews:
A good book for teens.......2005-08-27
Good summaries, good resumes, the rest sucks.......2001-08-25
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Como Restablecer su Propio Credito y Renegociar Sus Deudas
Brette McWhorter Sember Manufacturer: Sourcebooks ProductGroup: Book Binding: Paperback ASIN: 1572482265 |
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Traders' Tales: A Chronicle of Wall Street Myths, Legends, and Outright Lies
Ron Insana Manufacturer: Wiley ProductGroup: Book Binding: Hardcover Similar Items:
ASIN: 0471129992 |
Amazon.com
Outsiders have long suspected that Wall Street is nothing more than a real-life Disneyland, where dreams are made and hopes are dashed with the speed of light and the randomness of lightning. By chronicling the rarely publicized, behind-the-scenes reality of some of its most incredible incidents and personalities, CNBC senior anchor Ron Insana brings this perception to life in Traders' Tales: A Chronicle of Wall Street Myths, Legends and Outright Lies. Read this collection of stories about the men and women who have won big and lost bigger, and never think about traders and their lives in the same way again.Book Description
Acclaim for Trader's TalesCustomer Reviews:
rate the book on what it really is--a storybook.......2003-08-21
Stories aren't interesting (what's so incredible?).......2003-02-17
After being involved with the stock market for twenty years (the last fifteen as a professional), and thus being familiar with many names of those involved in the stories recounted by Mr. Insana, I still didn't find any story "tantalizing" or "shocking." Heck, anyone who's ever played on a sports team or in a rock 'n' roll band during high school could probably come up with ten crazier stories for every one in this book. Instead, I thought the more interesting reading was in the chapters that gave historical perspective to the careers of Muriel Siebert, Ron Baron, Peter Lynch, and Jimmy Rogers, among others. Everything else was pretty dull.
There's a tad too much explaining about market movement, stock/option price fluctuation, trading floor characteristics (did you know that tons of money can be made or lost very rapidly?), chart patterns, etc., so I'm thinking that those familiar with stock and bond investing might wind up somewhat bored. Keep in mind, Mr. Insana was writing this in late-1995, way before many new investors were "seasoned" by the boom/bust in tech stocks, so some consideration of the time frame is warranted.
Overall, "Traders' Tales" might have mild appeal either to someone who has no experience with the stock markets, or to investors who might want to learn what all the market gurus we follow were doing decades ago.
A half-hearted attempt at best.......2001-11-28
It's not interesting, nor funny, nor a book of tales, nor.........2001-06-25
Just a bad book.......2001-05-25
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The Legend of York International
Jeffrey L. Rodengen Manufacturer: Write Stuff Syndicate ProductGroup: Book Binding: Hardcover ASIN: 0945903170 |
Customer Reviews:
York International.......2000-11-26
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