Boomerang Travels in the New Third World

Boomerang  Travels in the New Third World

Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners.

Author: Michael Lewis

Publisher: W. W. Norton & Company

ISBN: 9780393082241

Category: Business & Economics

Page: 240

View: 662

“Lewis shows again why he is the leading journalist of his generation.”—Kyle Smith, Forbes The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a pinata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. Michael Lewis's investigation of bubbles beyond our shores is so brilliantly, sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, DC, we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations.
Categories: Business & Economics

Boomerang

Boomerang

As Pogo once said, "We have met the enemy and he is us." In this book the author offers a scathing assessment of fiscal blunders in foreign lands, and details how economic repercussions are sure to be felt on American soil.

Author: Michael M. Lewis

Publisher:

ISBN: 1620905124

Category: Financial crises

Page: 213

View: 920

As Pogo once said, "We have met the enemy and he is us." In this book the author offers a scathing assessment of fiscal blunders in foreign lands, and details how economic repercussions are sure to be felt on American soil. Financial bubbles grew and burst, not only in the U.S. but in countries as diverse as Iceland, Germany, and Greece. Mixing humor with prescient insight, he depicts a precarious situation that demands attention. The tsunami of cheap credit that rolled across the planet between 2002 and 2008 was more than a simple financial phenomenon: it was temptation, offering entire societies the chance to reveal aspects of their characters they could not normally afford to indulge. Icelanders wanted to stop fishing and become investment bankers. The Greeks wanted to turn their country into a piñata stuffed with cash and allow as many citizens as possible to take a whack at it. The Germans wanted to be even more German; the Irish wanted to stop being Irish. This investigation of bubbles beyond our shores is so sadly hilarious that it leads the American reader to a comfortable complacency: oh, those foolish foreigners. But when he turns a merciless eye on California and Washington, D.C., we see that the narrative is a trap baited with humor, and we understand the reckoning that awaits the greatest and greediest of debtor nations. - Publisher.
Categories: Financial crises

Quicklet on Michael Lewis Boomerang CliffNotes like Book Summary

Quicklet on Michael Lewis  Boomerang  CliffNotes like Book Summary

ABOUT THE BOOK Boomerang: Travels In The New Third World started by accident.

Author: Karen Lac

Publisher: Hyperink Inc

ISBN: 9781614644491

Category: Study Aids

Page: 57

View: 398

ABOUT THE BOOK Boomerang: Travels In The New Third World started by accident. During a meeting with a Dallas hedge fund owner in 2008 for another book, The Big Short: Inside the Doomsday Machine, the investor made a prediction to author Michael Lewis that countries in the developed West would soon go bust. Two and a half years later, that prediction was becoming a reality. Countries long considered first world were becoming third world. Lewis knew that he had to write a book about what was happening. Going to Iceland, Greece, Ireland, Germany, and then to his home state of California, Lewis describes the conditions and people that made the massive financial troubles possible. He interviews economists, politicians, public service workers, and ordinary citizens to get a full picture of what happened and what may happen in the future. Peppered throughout Boomerang is Lewis' trademark humor and cultural observations that tie together seemingly unrelated issues into a cohesive narrative. MEET THE AUTHOR Based in the San Francisco Bay Area, Karen Lac has been writing since 1999. Her articles have appeared in print in "The Occidental Weekly." Her writing reflects her broad interests. She writes travel, entertainment, political commentary, health, nutrition, food, education, career, and legal articles for numerous websites. She holds a Bachelor of Arts in English Literature and a Bachelor of Arts in politics, both from Occidental College
Categories: Study Aids

Transnational Feminism in the United States

Transnational Feminism in the United States

Meanwhile, Michael Lewis has also depicted the global financial crisis through such symbolic codes in his much-publicized book Boomerang: Travels in the New Third World, which focuses on countries such as Ireland, Iceland, ...

Author: Leela Fernandes

Publisher: NYU Press

ISBN: 9780814760963

Category: Political Science

Page: 246

View: 435

The acceleration of economic globalization and the rapid global flows of people, culture, and information have intensified the importance of developing transnational understandings of contemporary issues. Transnational feminist perspectives have provided a unique outlook on women’s lives and have deepened our understanding of the gendered nature of global processes. Transnational Feminism in the United States examines how transnational perspectives shape the ways in which we create and disseminate knowledge about the world within the United States, and how the paradigm of transnational feminism is affected by national narratives and public discourses within the country itself. An innovative theoretical project that is both deconstructive and constructive, this bookinterrogates the limits of feminist thought, primarily through case studies that illustrate its power to create new fields of research out of traditionally interdisciplinary lines of inquiry. Leela Fernandes discusses ways to approach, analyze, and capture processes that exceed and unsettle the nation-state within the transnational feminist paradigm. Examining the links between power and knowledge that bind interdisciplinary theory and research, she shines new light on issues such as human rights as well as academic debates about transnational feminist perspectives on global issues. A thought-provoking analysis, Transnational Feminism in the United States powerfully contributes to the field of Women’s Studies and related cross-disciplinary scholarship on feminist theory and gender from a global perspective.
Categories: Political Science

Going Places A Reader s Guide to Travel Narrative

Going Places  A Reader s Guide to Travel Narrative

Michael Lewis's Boomerang: Travels in the New Third World also mixes travel narrative with finance, as Lewis traveled to some of the countries hit hardest by the financial disaster of 2008, including Greece, Iceland, and Ireland.

Author: Robert Burgin

Publisher: ABC-CLIO

ISBN: 9781610693851

Category: Language Arts & Disciplines

Page: 572

View: 571

Successfully navigate the rich world of travel narratives and identify fiction and nonfiction read-alikes with this detailed and expertly constructed guide.
Categories: Language Arts & Disciplines

The Third Globalization

The Third Globalization

Capitalism 4.0: The Birth of a New Economy in the Aftermath of Crisis . New York : Public Affairs . Lewis , Michael . ( 2010) . The Big Short: Inside the Doomsday ... Boomerang: Travels in the New Third World . New York : W.W. Norton .

Author: Dan Breznitz

Publisher: Oxford University Press

ISBN: 9780199917822

Category: Business & Economics

Page: 431

View: 772

Given the powerfully negative and ongoing impact of the Great Recession on western economies, the question of whether historically wealthy nations-the US, Western European countries, Japan-can stay wealthy has become an overriding concern for virtually every interested observer. In The Third Globalization, eminent political economists Dan Breznitz and John Zysman gather some of the discipline's leading scholars to assess the prospects for growth and prosperity among advanced industrial nations.
Categories: Business & Economics

Kill it to Save it

Kill it to Save it

New Scientist, 28. Retrieved at https://www.newscientist.com/article/ ... New Scientist, 2246, 167:44-45; Eric Holt Giménez, and Annie Shattuck. 2011. ... Boomerang: Travels in the New Third World. New York: W.W. Norton. p. 153.

Author: Corey Dolgon

Publisher: Policy Press

ISBN: 9781447317128

Category: Political Science

Page: 320

View: 525

Kill it to save it lays bare the hypocrisy of US political discourse by documenting the story of capitalism’s triumph over democracy. Dolgon argues that American citizens now accept policies that destroy the public sector and promote political stories that feel right “in the gut”, regardless of science or facts.
Categories: Political Science

Global Health Watch 4

Global Health Watch 4

An Alternative World Health Report People's Health Movement, Medact, Medico International, Third World Network, Health Action International, ... Lewis, M. (2011) Boomerang: Travels in the New Third World, New York: W. W. Norton & Co.

Author: People's Health Movement

Publisher: Zed Books Ltd.

ISBN: 9781783602568

Category: Medical

Page: 432

View: 137

Global Health Watch, now in its fourth edition, is widely perceived as the definitive voice for an alternative discourse on health and healthcare. It covers a range of issues that currently impact on health, including the present political and economic architecture in a fast-changing and globalized world; a political assessment of the drive towards Universal Health Coverage; broader determinants of health, such as gender-based violence and access to water; stories of struggles, actions and change; and a scrutiny of a range of global institutions and processes. It integrates rigorous analysis, alternative proposals and stories of struggle and change to present a compelling case for a radical transformation of the way we approach actions and policies on health.
Categories: Medical

The Dollar and National Security

The Dollar and National Security

Boomerang: Travels in the New Third World. New York: W. W. Norton, 2011. Lindert, Peter H. Key Currencies and Gold, 1900–1913. Princeton Studies in International Finance no. 24. Princeton: Princeton University Department of Economics, ...

Author: Paul Viotti

Publisher: Stanford University Press

ISBN: 9780804792301

Category: Political Science

Page: 248

View: 395

Defense establishments and the armed forces they organize, train, equip, and deploy depend upon the security of capital and capital flows, mechanisms that have become increasingly globalized. Military capabilities are thus closely tied not only to the size of the economic base from which they are drawn, but also to the viability of global convertibility and exchange arrangements. Although the general public has a stake in these economic matters, the interests and interpretive understandings held by policy elites matter most—in particular those among the owners or managers of capital who focus on international finance and the international monetary regimes that sustain global commerce and their capital positions. In The Dollar and National Security, Paul Viotti explores the links between global capital flows, these policy elites, and national security. After establishing the historical link between currency, gold, and security, he continues the monetary-security story by examining the instrumental role the dollar has played in American economic and national security over the past seven decades. He reveals how perceived individual and collective interests are the key drivers toward building the kind of durable consensus necessary to sustain the external financing of American foreign and national security policy, and addresses the future implications for national security as decision-makers in the BRICs and other countries position themselves to assume an even larger policy presence in global commercial, monetary, and security matters.
Categories: Political Science

Narratives of Inequality

Narratives of Inequality

New york: Grove, 1963 [Présence Africaine, 1961]. ———. ... Plutocrats: The Rise of the New Global Super Rich. Harmondsworth: Penguin, 2012. Gagiano, Annie. ... Boomerang: Travels in the New Third World. London and New york: Norton, ...

Author: Melissa Kennedy

Publisher: Springer

ISBN: 9783319599571

Category: Literary Criticism

Page: 229

View: 441

This book reveals the economic motivations underpinning colonial, neocolonial and neoliberal eras of global capitalism that are represented in critiques of inequality in postcolonial fiction. Today’s economic inequality, suffered disproportionately by indigenous and minority groups of postcolonial societies in both developed and developing countries, is a direct outcome of the colonial-era imposition of capitalist structures and practices. The longue durée, world-systems approach in this study reveals repeating patterns and trends in the mechanics of capitalism that create and maintain inequality. As well as this, it reveals the social and cultural beliefs and practices that justify and support inequality, yet equally which resist and condemn it. Through analysis of narrative representations of wealth accumulation and ownership, structures of internal inequality between the rich and the poor within cultural communities, and the psychology of capitalism that engenders particular emotions and behaviour, this study brings postcolonial literary economics to the neoliberal debate, arguing for the important contribution of the imaginary to the pressing issue of economic inequality and its solutions.
Categories: Literary Criticism