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More copies of this ISBN:Past Due: The End of Easy Money and the Renewal of the American Economyby Peter S. Goodman
Synopses & ReviewsPublisher Comments:How Main Street was hit by — and might recover from — the financial crisis, by The New York Times's national economics correspondent. When the financial crisis struck in 2008, Main Street felt the blow just as hard as Wall Street. The New York Times national economics correspondent Peter S. Goodman takes us behind the headlines and exposes how the flow of capital from Asia and Silicon Valley to the suburbs of the housing bubble perverted America's economy. He follows a real estate entrepreneur who sees endless opportunity in the underdeveloped lots of Florida — until the mortgages for them collapse. And he watches as an Oakland, California-based deliveryman, unable to land a job in the biotech industry, slides into unemployment and a homeless shelter. As Goodman shows, for two decades Americans binged on imports and easy credit, a spending spree abetted by ever-increasing home values — and then the bill came due. Yet even in a new environment of thrift and pullback, Goodman argues that economic adaptation is possible, through new industries and new safety nets. His tour of new businesses in Michigan, Iowa, South Carolina, and elsewhere and his clear-eyed analysis point the way to the economic promises and risks America now faces. Review:"An authoritative account of events leading up to the current recession.... A must-read." Kirkus Reviews Review:"Peter S. Goodman is a reporter's reporter — relentless, skeptical, fair, energetic, and eager to see things for himself....Past Due is a timely, deeply reported and clarifying book." Steve Coll, author of Ghost Wars Synopsis:Goodman, a New York Times national economics correspondent, takes readers behind the headlines and exposes how the flow of capital from Asia and Silicon Valley to the suburbs of the housing bubble perverted America's economy.
About the AuthorPeter S. Goodman is the national economics correspondent for The New York Times and a contributor to the paper’s groundbreaking fall 2008 series, "The Reckoning". Previously, he covered the Internet bubble and bust as The Washington Posts telecommunications reporter, and served as the Post's China-based Asian economics correspondent. He lives in New York City. What Our Readers Are SayingBe the first to add a comment for a chance to win!Product Details
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