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.
About this product: From award-winning Financial Times journalist Gillian Tett, who enraged Wall Street leaders with her newsbreaking warnings of a crisis more than a year ahead of the curve, Fool's Gold tells the astonishing unknown story at the heart of the 2008 meltdown.
Drawing on exclusive access to J.P. Morgan CEO Jamie Dimon and a tightly bonded team of bankers known on Wall Street as the "Morgan Mafia," as well as in-depth interviews with dozens of other key players, including Treasury Secretary Timothy Geithner, Tett brings to life in gripping detail how the Morgan team's bold ideas for a whole new kind of financial alchemy helped to ignite a revolution in banking, and how that revolution escalated wildly out of control.
The deeply reported and lively narrative takes readers behind the scenes, to the inner sanctums of elite finance and to the secretive reaches of what came to be known as the "shadow banking" world. The story begins with the intense Morgan brainstorming session in 1994 beside a pool in Boca Raton, where the team cooked up a dazzling new idea for the exotic financial product known as credit derivatives. That idea would rip around the banking world, catapult Morgan to the top of the turbocharged derivatives trade, and fuel an extraordinary banking boom that seemed to have unleashed banks from ages-old constraints of risk.
But when the Morgan team's derivatives dream collided with the housing boom, and was perverted -- through hubris, delusion, and sheer greed -- by titans of banking that included Citigroup, UBS, Deutsche Bank, and the thundering herd at Merrill Lynch -- even as J.P. Morgan itself stayed well away from the risky concoctions others were peddling -- catastrophe followed. Tett's access to Dimon and the J.P. Morgan leaders who so skillfully steered their bank away from the wild excesses of others sheds invaluable light not only on the untold story of how they engineered their bank's escape from carnage but also on how possible it was for the larger banking world, regulators, and rating agencies to have spotted, and heeded, the terrible risks of a meltdown.
A tale of blistering brilliance and willfully blind ambition, Fool's Gold is both a rare journey deep inside the arcane and wildly competitive world of high finance and a vital contribution to understanding how the worst economic crisis since the Great Depression was perpetrated.
About this product: A former Wall Street manager turned muckraking journalist gets inside how the banks looted the Treasury, stole the bailout, and continued with business as usual
We've all watched as packs of former Big Finance leaders commandeer posts in Washington and lavish trillions in bailouts to "save" big Wall Street firms that will use that money for anything and everything except to fill in Main Street's potholes.
Former Wall Streeter Nomi Prins has been watching, too, and she isn't going to let them get away with it. She knows all about Big Finance and big money and moving numbers - and in this book she exposes the fundamental follies of our economic system and the schemes of the bigwigs who have no intention of letting it change. Prins:
Explains that the current crisis did not happen because ordinary citizens were able to borrow a little more than they could afford, but because Wall Street converted loans into assets that allowed it to borrow much, much more than it could afford.
Reveals all the ways corporations inhaling bailout money have gamed the system to get the most money with the least oversight.
Exposes the power-bankers that bagged more than $5 billion in compensation before and after their companies siphoned off more than a trillion dollars in federal bailout subsidies.
Shows how the most egregious pillagers work at the Fed and Treasury department, detailing how Hank Paulson, Ben Bernanke, and Tim Geithner siphoned off $10.7 trillion from the publicâs future for Big Financeâs present.
Slams a financial system that will not change, if our government doesn't force it to change, no matter what happens in the so-called free market.
Is a former managing director at Goldman Sachs, now a senior fellow at Demos, who writes regularly on corruption in Washington and Wall Street for news outlets ranging from Fortune to Mother Jones. It Takes a Pillage is her third non-fiction book.
If you've found yourself enraged and frustrated with how the bank bailout went bust for the American people, or how Wall Street continues to operate as if the rest of the world doesnât matter, It Takes a Pillage gives voice to your outrage, and provides a deeper understanding of what we really have to be angry about and how we can fight for some real change.
Alton Brown is a foodie phenomenon: a great cook, a very funny guy, andâunderneath it allâa science geek whoâs as interested in the chemistry of cooking as he is in eating. (Well, almost.) Here, finally, are the books that Brownâs legion of fans have been salivating forâtwo volumes that together will provide an unexpurgated record of his long-running, award-winning Food Network TV series, Good Eats.
From âPork Fictionâ (on baby back ribs), to âCitizen Caneâ (on caramel sauce), to âOat Cuisineâ (on oatmeal), every hilarious episode is represented. Each bookâthe second will be published in fall 2010âis illustrated with behind-the-scenes photos taken on the Good Eats set. Each contains more than 140 recipes and more than 1,000 photographs and illustrations, along with explanations of techniques, lots of food-science information (of course!), and more food puns, food jokes, and food trivia than you can shake a wooden spoon at.
About this product: Five years ago, Jim Collins asked the question, "Can a good company become a great company and if so, how?" In Good to Great Collins, the author of Built to Last, concludes that it is possible, but finds there are no silver bullets. Collins and his team of researchers began their quest by sorting through a list of 1,435 companies, looking for those that made substantial improvements in their performance over time. They finally settled on 11--including Fannie Mae, Gillette, Walgreens, and Wells Fargo--and discovered common traits that challenged many of the conventional notions of corporate success. Making the transition from good to great doesn't require a high-profile CEO, the latest technology, innovative change management, or even a fine-tuned business strategy. At the heart of those rare and truly great companies was a corporate culture that rigorously found and promoted disciplined people to think and act in a disciplined manner. Peppered with dozens of stories and examples from the great and not so great, the book offers a well-reasoned road map to excellence that any organization would do well to consider. Like Built to Last, Good to Great is one of those books that managers and CEOs will be reading and rereading for years to come. --Harry C. Edwards
It was the last-chance moment of the war. In January 2007, President George W. Bush announced a new strategy for Iraq. He called it the surge. âMany listening tonight will ask why this effort will succeed when previous operations to secure Baghdad did not. Well, here are the differences,â he told a skeptical nation. Among those listening were the young, optimistic army infantry soldiers of the 2-16, the battalion nicknamed the Rangers. About to head to a vicious area of Baghdad, they decided the difference would be them.
Fifteen months later, the soldiers returned home forever changed. Pulitzer Prize-winning Washington Post reporter David Finkel was with them in Bagdad, and almost every grueling step of the way.
What was the true story of the surge? And was it really a success? Those are the questions he grapples with in his remarkable report from the front lines. Combining the action of Mark Bowdenâs Black Hawk Down with the literary brio of Tim OâBrienâs The Things They Carried, The Good Soldiers is an unforgettable work of reportage. And in telling the story of these good soldiers, the heroes and the ruined, David Finkel has also produced an eternal taleânot just of the Iraq War, but of all wars, for all time.
About this product: Book Description What if the hottest guy in the world was hiding a nameless evil and all he wanted was you?
At the start of this heart-pounding new installment of the bestselling House of Night series, Zoey's friends have her back again and Stevie Rae and the red fledglings aren't Neferet's secrets any longer. But an unexpected danger has emerged. Neferet guards her powerful new consort, Kalona, and no one at the House of Night seems to understand the threat he poses. Kalona looks gorgeous, and he has the House of Night under his spell. A past life holds the key to breaking his rapidly spreading influence, but what if this past life shows Zoey secrets she doesn't want to hear and truths she can't face?
On the run and holed up in Tulsa's Prohibition-era tunnels, Zoey and her gang must discover a way to deal with something that might bring them all down. Meanwhile, Zoey has a few other little problems. The red fledglings have cleaned up well--they've even managed to make the dark, creepy tunnels feel more like home--but are they really as friendly as they seem? On the boyfriend front, Zoey has a chance to make things right with super-hot ex-, Eric, but she can't stop thinking about Stark, the archer who died in her arms after one unforgettable night, and she is driven to try to save him from Neferet's sinister influence at all costs. Will anyone believe the power evil has to hide among us?
An Interview with P.C. Cast
Amazon.com: Why vampyres? What was intriguing to you about them? (Also, why "y"?)
P.C. Cast: Actually, the idea for the series originated with my fabulous agent, Meredith Bernstein. We were at RWA [Romance Writers of America] Nationals in Reno several years ago and Meredith said she had an idea for a series she'd like to see me write. Then she said the three magic words: vampire finishing school. I instantly thought of YA because I'd been reading the Hawksong books by Amelia Atwater-Rhodes--so my head was already in YA. Also, I've been teaching high school English since 1993 (I'm from a family of teachers) so I definitely knew my audience. Basically, it sounded like fun to write, so I jumped in even though I'd only written fantasy and paranormal romance up until then.
Oh, and the spelling is just my choice 'cause I like the way it looks!
Amazon.com: I don't want to draw too many comparisons between your series and Twilight, because they are completely different types of stories. However, I am curious if the popularity of that series has changed the way you see your genre, or do you even see it being the same genre?
PC: I see my genre as YA, and to me that encompasses everyone from Rowling to Laurie Halse Anderson to Janice Erlbaum. So, yes, Twilight fits in the same genre. And while I enjoy Ms. Meyer's books very much, I think the genre has been growing and changing and gaining popularity steadily over the past decade--mostly thanks to Ms. Rowling! As a high school English teacher I certainly noticed the increase in sophistication and popularity of the genre some time ago. Today's YA has an incredible range and depth, and it deals with real coming of age issues in varied and interesting ways. I'm proud to be a member of the ranks of YA authors!
Amazon.com: Can you talk a little bit about the role that religion plays in the novels? The whole series revolves around the worship of Nyx, the Goddess of Night, and Hunted really digs into questions of faith and free will (often related to what guy Zoey will be drawn to next...very clever to make that her weakness!). At various points in the series you also have People of Faith, Catholic nuns, and Cherokee legend. How do you see all these elements working together?
PC: Very clever of you to recognize the ramifications of Zoey's weakness!
It's easy for me to weave the different religious elements of the world together because it's not really "religion" I'm dealing with when I create the conflicts and faith foundations in the House of Night. Instead I see it as a way to illuminate coming of age issues, which often deal with conformity and obsession and trying to learn boundaries. I chose to give my heroine a belief system in which to live that is matriarchal because my purpose is to empower young women, and by allowing Zoey to join a world where women are valued as leaders and really have no glass ceiling, except the ones they create for themselves, as exemplified by Neferet, I have a springboard for a lot of girl power.
Amazon.com: What were some of your influences for the House of Night school?
PC: South Intermediate High School in Broken Arrow, Oklahoma! I just looked around me and wrote what I saw. I also write what I wish I could see, as in the amazing HoN facility and their very cool classes. I'd love to teach a Vampyre Sociology class!
Amazon.com: How has Kristin being in school affected the series as it's progressed? The scenes with friends hanging out and geeking out on movies in the dorm seem pretty familiar...
PC: When the series started Kristin was nineteen and was still living at home her first semester in college. And then when she did move out it certainly wasn't into a dorm that looked as cool as the House of Night dorms! But she does DEFINITELY geek out with her friends. (She's going to kill me for thatâ¦)
Amazon.com: When did the two of you decide to write a book together? How does your writing process work?
PC: I brought Kristin in while I was writing the first three chapters of Marked. I kept stumbling over silly little things, like specific slang that I thought I knew, but found out once I started writing about teenagers that MY deeply buried inner teen from the 70's kept trying to resurface and butt in with her slang! Kristin keeps me straight about that. She also says she keeps Zoey from "sounding like a 40-something disgruntled school teacher." Sigh.
We're on book six of the series, and we have the process down. We do some brainstorming, then I write the first draft, often asking Kristin questions right in the manuscript or leaving blanks for her to fill in. Then I send the entire thing to her, and she goes through it, answering questions, filling in blanks, and asking me questions/making comments of her own. She sends it back to me and I go through it again. Then it's ready to go to St. Martin's and our lovely editor, Jennifer Weis. It sounds like a tedious process, but it's really very freeing for me. I can write whatever and know Kristin has my back.
Amazon.com: Zoey has a few mother-daughter-like relationships--with her mom, her grandma, Neferet, Nyx. How much does your mother-daughter relationship inform your writing? Is it ever awkward?
PC: Hmm...that's a good question. Kristin and I have a unique writing relationship. Actually, I probably wouldn't even consider writing with anyone else--it's unusually easy with my daughter (perhaps because I can beat her?). She and I have always been close, and we have a very honest relationship. Talking with each other has never been a problem, so we're used to communicating. That helps a lot in a co-author situation.
Regarding the mother-daughter relationships in the book: clearly Zoey's relationship with her own mom is nothing like Kristin and mine. Sadly, both of us have met many Linda Heffers here in Oklahoma, which is why she is so easy--and disturbing--for us to write. When I write Nyx's words I often think about how I feel about Kristin, and then try to expand that to how this goddess would view the vampyres, especially Zoey, as her children.
We get the awkward question often because of the sexual tension in the books. Kristin and I do discuss the temperature of the books and the specific situations a lot. It doesn't feel awkward between us because we're used to communicating, and because we don't just stick sex in our series to be gratuitous. The sexual issues are there because they're realistic to teenagers. Yes, Zoey has several boyfriends--often at the same time. But in six books she has had sex once, and that was because she was manipulated and used by a charismatic adult. It wasn't awkward writing those parts with my daughter--we believe in the reality of the books and the points we make about mistakes and consequences.
Amazon.com: Each of the books sort of has its own personality. Chosen, for example, was more focused on the friends and the guys, and Untamed was much more deeply focused on folklore and goddess rituals. Do you think that's influenced by each of your interests, with Kristin having more influence on one book and P.C. showing up more in another? Or is that just the natural arc of the story?
PC: I think the shifting emphasis is because of the natural arc of the story. Think about your own life. Doesn't your focus shift from time to time? I know mine does. Actually, sometimes it feels like events happen in waves: lots of guy, no guys, friend stres, no friend stress, crazy stuff at school, kinda calm school, etc. So I guess fiction is just mimicking the patterns I see in life.
Amazon.com: Even though it has a satisfying ending (no spoilers!) Hunted certainly doesn't seem like the end of Zoey's story. What's next?
PC: Zoey has to save the world! And it's definitely a big job. Seriously, now that the dark influences that have been lurking on the periphery of Zoey's world have been brought out into the open, it's time to deal with them. Of course that's a lot harder than "Okay, Z, kick their butts and save the world now!" sounds. Especially as there are many layers to the House of Night world and often good appears bad, and bad seems terribly attractive.
About this product: "I went to sleep with gum in my mouth and now there's gum in my hair and when I got out of bed this morning I tripped on the skateboard and by mistake I dropped my sweater in the sink while the water was running and I could tell it was going to be a terrible, horrible, no good, very bad day."
So begin the trials and tribulations of the irascible Alexander, who has been earning the sympathy of readers since 1972. People of all ages have terrible, horrible days, and Alexander offers us the cranky commiseration we crave as well as a reminder that things may not be all that bad. As Alexander's day progresses, he faces a barrage of bummers worthy of a country- western song: getting smushed in the middle seat of the car, a dessertless lunch sack, a cavity at the dentist's office, stripeless sneakers, witnessing kissing on television, and being forced to sleep in railroad-train pajamas. He resolves several times to move to Australia.
Judith Viorst flawlessly and humorously captures a child's testy temperament, rendering Alexander sympathetic rather than whiny. Our hero's gum-styled hair and peevish countenance are artfully depicted by Ray Cruz's illustrations. An ALA Notable Book, Alexander and the Terrible, Horrible, No Good, Very Bad Day is a great antidote to bad days everywhere, sure to put a smile on even the crabbiest of faces. (Ages 5 to 9)