About this product: An authoritative exposé of the mysterious and potentially dangerous world of private equity
Few people realize that the top private equity firms, such as Blackstone Group, Carlyle Group, and Kohlberg Kravis Roberts, have become the nation's largest employers through the businesses they own. Using leveraged buyouts that load their acquired companies with loans, private equity firms have generated more than $1 trillion in new debt-which will come due just when these businesses are least likely to be able to pay it off.
Journalist Josh Kosman explores private equity's explosive growth and shows how its barons wring profits at the expense of the long-term health of their companies. He argues that excessive debt and mismanagement will likely trigger another economic meltdown within the next five years, wiping out up to two million jobs.
He also explores the links between the private equity elite and Washington power players, who have helped them escape government scrutiny. The result is a timely book with an important warning for us all.
The Only Official Guide to the #1 Personal Finance Software
Manage your finances and assets with ease! Quicken 2010: The Official Guide is packed with insider tips and expert techniques for tracking your income, expenses, savings, transactions, investments, and so much more.
Fully endorsed by Intuit, makers of Quicken, this official guide saves you time and money by showing you how to maximize all of the software's powerful capabilities--including new features and hidden gems. You'll get valuable guidance along with information about online resources to help you make strategic financial decisions and plan for a secure future.
Customize Quicken for your preferences
Track your cash flow
Set up Online Account Services
Automate transactions and tasks
Reconcile checking, savings, and credit cards accounts
Track investments and optimize your portfolio
Monitor assets and loans
Manage household records
Reduce debt, save money, and plan for retirement
Simplify tax preparation and maximize deductions
Maria Langer is a freelance writer, helicopter pilot, and long-time Quicken user. A former financial analyst with a degree in accounting, she is the bestselling author of the previous editions of this book.
About this product: In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one has been able to take the time to properly codify the lifeblood of the corporate financierâs workânamely, valuation. Rosenbaum and Pearl have responded to this need by writing the book that they wish had existed when they were trying to break into Wall Street.
Investment Banking: Valuation, Leveraged Buyouts, and Mergers & Acquisitions is a highly accessible and authoritative book that focuses on the primary valuation methodologies currently used on Wall Streetâcomparable companies, precedent transactions, DCF, and LBO analysis. These methodologies are used to determine valuation for public and private companies within the context of M&A transactions, LBOs, IPOs, restructurings, and investment decisions. Using a step-by-step how-to approach for each methodology, the authors build a chronological knowledge base and define key terms, financial concepts, and processes throughout the book. They also provide a comprehensive overview of the fundamentals of LBOs and an organized M&A sale process.
In the aftermath of the subprime mortgage crisis and ensuing credit crunch, the world of finance is returning to the fundamentals of valuation and critical due diligence. This involves the use of more realistic assumptions governing approach to risk as well as a wide range of value drivers. While valuation has always involved a great deal of âartâ in addition to time-tested âscience,â the artistry is perpetually evolving in accordance with market developments and conditions. In this sense, this book is particularly topicalâin addition to detailing the technical fundamentals behind valuation, the authors infuse practical judgment skills and perspective to help guide the science.
It happens to all of us: You're minding your own business, when some idiot informs you that guns are evil, the Prius will save the planet, or the rich have to finally start paying their fair share of taxes.
Just go away! you think to yourself -- but they only become more obnoxious. Your heart rate quickens. You start to sweat. You can't get away. Your only hope is...
...this book.
Glenn Beck, author of the #1 New York Times bestsellers An Inconvenient Book and Glenn Beck's Common Sense, has stumbled upon the secret formula to winning arguments against people with big mouths but small minds: knowing the facts.
And this book is full of them.
The next time your Idiot Friends tell you how gun control prevents gun violence, you'll tell them all about England's handgun ban (see page 53). When they tell you that we should copy the UK's health-care system, you'll recount the horrifying facts you read on page 244. And the next time an idiot tells you that vegetable prices will skyrocket without illegal workers, you'll stop saying "no, they won't" and you'll start saying, "actually, eliminating all illegal labor will cause us to spend just $8 a year more on produce." (See page 139.)
Idiots can't be identified through voting records, they can be found only by looking for people who hide behind stereotypes, embrace partisanship, and believe that bumper sticker slogans are a substitute for common sense. If you know someone who fits the bill, then Arguing with Idiots will help you silence them once and for all with the ultimate weapon: the truth.
About this product: A real-life thriller about the most tumultuous period in Americaâs financial history by an acclaimed New York Times Reporter
Andrew Ross Sorkin delivers the first true behind-the-scenes, moment-by-moment account of how the greatest financial crisis since the Great Depression developed into a global tsunami. From inside the corner office at Lehman Brothers to secret meetings in South Korea, and the corridors of Washington, Too Big to Fail is the definitive story of the most powerful men and women in finance and politics grappling with success and failure, ego and greed, and, ultimately, the fate of the worldâs economy.
âWeâve got to get some foam down on the runway!â a sleepless Timothy Geithner, the then-president of the Federal Reserve of New York, would tell Henry M. Paulson, the Treasury secretary, about the catastrophic crash the worldâs financial system would experience.
Through unprecedented access to the players involved, Too Big to Fail re-creates all the drama and turmoil, revealing never disclosed details and elucidating how decisions made on Wall Street over the past decade sowed the seeds of the debacle. This true story is not just a look at banks that were âtoo big to fail,â it is a real-life thriller with a cast of bold-faced names who themselves thought they were too big to fail.
The definitive account of Wall Street's stunning collapse
From critically acclaimed investigative journalist and CNBC personality Charles Gasparino comes a sweeping examination of the most recent volatile, anxiety-ridden era in our nation's socioeconomic history. The Sellout traces the implosion of the financial services business back to its roots in the late 1970s when Wall Street embraced a new business model predicated on taking enormous risks. It shows how a backwater business involving the trading of risky bonds packed with mortgages showered countless billions in profits on the financial industry but sowed the seeds of its ultimate demise. Gasparino walks readers through Wall Street's three-decades' love affair with risk, revealing a trail of culpabilityâfrom the government bureaucrats who crafted housing policies that encouraged homeownership, to the Wall Street firms that underwrote and invested in risky debt, to the mortgage sellers who handed out loans to people without the financial wherewithal to pay them back, to the homeowners who became convinced they could afford mansions on blue-collar wages. The ongoing tumult in financial markets and the global economy began when some of our most esteemed financial institutions, our government, and even average citizens abdicated their collective responsibilities, eventually selling out investors and selling off the American Dream itself.
In the spirit of classics such as Barbarians at the Gate and Liar's Poker, this page-turning narrative captures how avarice, arrogance, and sheer stupidity eroded Wall Street's dominance and profoundly weakened the financial security of millions of middle-class Americans. Eye-opening and engrossing, The Sellout provides the most thorough investigation to date of this latest gilded era.
About this product: Where the Wild Things Are is one of those truly rare books that can be enjoyed equally by a child and a grown-up. If you disagree, then it's been too long since you've attended a wild rumpus. Max dons his wolf suit in pursuit of some mischief and gets sent to bed without supper. Fortuitously, a forest grows in his room, allowing his wild rampage to continue unimpaired. Sendak's color illustrations (perhaps his finest) are beautiful, and each turn of the page brings the discovery of a new wonder.
The wild things--with their mismatched parts and giant eyes--manage somehow to be scary-looking without ever really being scary; at times they're downright hilarious. Sendak's defiantly run-on sentences--one of his trademarks--lend the perfect touch of stream of consciousness to the tale, which floats between the land of dreams and a child's imagination.
This Sendak classic is more fun than you've ever had in a wolf suit, and it manages to reaffirm the notion that there's no place like home.
About this product: In a career spanning more than thirty years, Patrick Swayze has made a name for himself on the stage, the screen, and television. Known for his versatility, passion and fearlessness, he's become one of our most beloved actors.
But in February 2008, Patrick announced he had been diagnosed with stage IV pancreatic cancer. Always a fighter, he refused to let the disease bring him to his knees, and his bravery has inspired both his legion of fans and cancer patients everywhere. Yet this memoir, written with wisdom and heart, recounts much more than his bout with cancer. In vivid detail, Patrick describes his Texas upbringing, his personal struggles, his rise to fame with North and South, his commercial breakthroughs in Dirty Dancing and Ghost, and the soul mate who's stood by his side through it all: his wife, writer and director Lisa Niemi.
A behind-the-scenes look at a Hollywood life and a remarkable love, this memoir is both entertainment and inspiration. Patrick and Lisa's marriage is a journey of two lives intertwined and lived as one--throughout their years in Hollywood and at home on their working ranch outside Los Angeles, and culminating in the hope and wisdom they've imparted to all who know them. This book will open the door for families, individuals, and husbands and wives to grow, bond and discover entirely new levels of love and sharing, proving that life shouldn't be lived as a series of endings, but rather as the beginning of greater strength and love.
In this inspirational autobiography, Captain "Sully" Sullenberger, the airline pilot whose emergency landing on the Hudson River earned the world's admiration, tells his life story and talks about the essential qualities that he believes have been so vital to his success.
In January 2009, the world witnessed one of the most remarkable emergency landings in history when Captain Sullenberger brought a crippled US Airways flight onto the Hudson River, saving the lives of all of the passengers and crew aboard. The successful outcome was the result of effective teamwork, Sully's dedication to airline safety, his belief that a pilot's judgment must go hand-in-hand withand can never be replaced bytechnology, and forty years of careful practice and training.
From his earliest memories of learning to fly as a teenager in a crop duster's single-engine plane in the skies above rural Texas to his years in the United States Air Force at the controls of a powerful F-4 Phantom, Sully describes the experiences that have helped make him a better leader, particularly the importance of taking responsibility for everyone in his care. And he talks about what he believes is at the heart of America's "can do" spirit: the very human drive to prepare for the unexpected and to meet it with optimism and courage.
His wife, Lorrie, has been a pillar of support through all the highs and lows that life has offered, from the challenges of commercial flying to the birth of their two daughters, from financial struggles to the event of January 15, 2009. Though the world may remember Sully as the hero of Flight 1549, the legacy he desires even more is that of a loving husband and father.
Highest Duty is the intimate story of a man who has grown up to embrace what we think of as quintessential American valuesleadership, responsibility, commitment to hard work, and service to others. And it is a narrative that reminds us that cultivating seemingly ordinary virtues can prepare us to perform extraordinary acts.