Synopses & Reviews
Limbo is a thought-provoking treatise on the lasting consequences of class mobility in America. Drawing on his own story as well as on dozens more from individuals who share his experience, award-winning journalist Alfred Lubrano sheds light on the predicament of some 13 million Americans: reconciling their blue-collar upbringing with the white-collar world they now inhabit.
The son of a Brooklyn bricklayer, Lubrano came of age in a neighborhood imbued with typical working-class values like the importance of hard work, loyalty to family and community, and a healthy respect for religion. Academically gifted, he attended Columbia, and went on to achieve professional success as a reporter. But he quickly found that the lessons he had absorbed in childhood would not serve him as well as the upper-class gifts of subtlety, diplomacy, and cultural capitalleaving him strangely isolated from both his workplace peers and the world hed left behind.
Unfamiliar with the rules of upper-class life, which serves as the model for corporate culture, the "Straddlers" (as Lubrano dubs them) find themselves ill-equipped for that buttoned-down world. Yet they share Lubranos ambiguity, and their choices frequently challenge the philosophical and moral assumptions of working-class life.
Combining personal stories with the latest thinking from leading experts, Limbo offers a unique blend of deeply felt first-person confessional and sociological study that is both profoundly affecting and rigorously informed. Though it wholly dismisses the widely held notion that class is a dead subject in America, it avoids cynicism and easy judgment, seeking only to provide a glimpse at what lies beneath our social and cultural fabric.
The profiles here show a remarkable consistency of emotion and experience across a diverse demographic that crosses all boundaries of sex, race, and religion. Opening a long-awaited dialogue, Limbo reflects the reality of a unique class struggling with an all-American brand of cultural isolation. There is something for everyone in these honest and eloquent stories of life in our modern meritocracy.
In Limbo, award-winning journalist Alfred Lubrano identifies and describes an overlooked cultural phenomenon: the internal conflict within individuals raised in blue-collar homes, now living white-collar lives. These people often find that the values of the working class are not sufficient guidance to navigate the white-collar world, where unspoken rules reflect primarily upper-class values. Torn between the world they were raised in and the life they aspire too, they hover between worlds, not quite accepted in either. Himself the son of a Brooklyn bricklayer, Lubrano informs his account with personal experience and interviews with other professionals living in limbo. For millions of Americans, these stories will serve as familiar reminders of the struggles of achieving the American Dream.
A groundbreaking work of journalism that identifies a previously unexamined social concern at the heart of work and life
Award-winning journalist Alfred Lubrano identifies a new cultural phenomenon: the conflict within individuals raised in blue-collar homes, now living white-collar lives. These people often find that the values of the working class are not sufficient guidance to navigate the white-collar world, where unspoken rules reflect primarily upper-class values. The son of a Brooklyn bricklayer, Lubrano informs his account not only with personal experience but also hundreds of interviews he has conducted with accomplished professionals caught between two worlds and living in class limbo.
A groundbreaking work of narrative nonfiction
This powerful book uncovers a cultural phenomenonthe limbo existence of people raised in blue-collar families, living white-collar lives. Limbo presents a thoughtful look at this phenomenon through the author's personal story, and those of 100 interviewees, all struggling with the duality that exists in their workplaces, their hearts, and their minds.
"In Limbo, people straddle two social zones . . . The future is never assured when you come from a house of rough hands. There are many profound opinions in this major newspaperman's reporting."
Jimmy Breslin Pulitzer Prizewinning journalist and author of The Short Sweet Dream of Eduardo Gutierrez
"If you have any bloodlines at all to the working class, you will recognizeand newly discoveryourself in Alfred Lubrano's inspired book. Limbo brings to life the minefield crossover from the blue-collar world to the white-collar one in prose that is at once trout-stream clear and luminous. It's the very American, real-as-a-streetfight story of a bricklayer's son's own uneasy journey out of Bensonhurst woven movingly with the journeys of a legion of other 'Straddlers.' Don't pass this gem by."
Sydney Schanberg Pulitzer Prizewinning journalist and author of The Death and Life of Dith Pran
"Al Lubrano is a great reporter and the kind of writer whose work is infused with both thought and feeling. He has chosen here a great and often overlooked subject, the role of class in modern American society, and has produced a book rich with insight into both his own life and all our lives. If you are like me, you will nod your head with recognition throughout."
Mark Bowden author of Black Hawk Down and Killing Pablo
In "Limbo," award-winning journalist Alfred Lubrano identifies and describes an overlooked cultural phenomenon: the internal conflict within individuals raised in blue-collar homes, now living white-collar lives. These people often find that the values of the working class are not sufficient guidance to navigate the white-collar world, where unspoken rules reflect primarily upper-class values. Torn between the world they were raised in and the life they aspire too, they hover between worlds, not quite accepted in either. Himself the son of a Brooklyn bricklayer, Lubrano informs his account with personal experience and interviews with other professionals living in limbo. For millions of Americans, these stories will serve as familiar reminders of the struggles of achieving the American Dream.
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About the Author
The BOSTON INSTITUTE OF FINANCE (BIF) (www.Bostonifi.com) develops and distributes multimedia and interactive learning solutions for professionals in the financial services industry. BIF possesses the largest digital repository of training material in the industry and manages the certification and training programs of thousands of corporate and individual learners in the United States and around the world.
Table of Contents
Series 6 Test Preparation.
1. Investment Securities.
Money and Capital Markets.
Yield on Common Stock.
Other Types of Corporate Bonds.
Zero Coupon Bonds.
Order of Payment-Corporate Liquidation.
Interest rate Risk.
Collateralized Mortgage Obligations (CMO's).
Interest Rates and Bond Concepts.
U.S. Government Securities.
Money Market Instruments.
Negotiable Certificates of Deposit.
Inter-Bank Market for Foreign Currencies.
2. Securities Markets.
Types of Investment Risk.
Suitability and Risk Factors.
3. Open‑End Investment Companies.
Types of Funds.
Classes of Shares.
Mutual Fund Accounts.
Distributions by Funds.
Taxation of Mutual Funds.
Mutual Fund Expenses.
Comparison ‑ Open‑End vs. Closed‑End Funds.
Additional Concepts ‑ Investment Companies.
4. Regulation of Investment Companies
Face Amount Certificate Companies.
Rights of Accumulation.
Advertising by Funds.
Mutual Fund Sales Literature.
Dollar Cost Averaging.
NASD Rules Concerning Investment Companies.
Mutual Fund Sales by Banks.
Additional Concepts ‑ Investment Company Regulations.
5. Variable Annuities and Retirement Plans.
Additional Concepts ‑ Variable Annuities.
Variable Life Insurance.
Main Points ‑ Variable Life Insurance Contracts.
Employee Retirement Income Security Act of 1974 (ERISA).
Individual Retirement Accounts.
Simplified Employee Pension Plan (SEP).
Pension and Profit Sharing Plans.
6. NASD Rules and Regulations.
Certificate of Incorporation.
By‑Laws of the NASD.
Recommendations Made to Customers.
Private Securities Transactions.
Prompt Receipt and Delivery of Securities.
NASD Hot Issue Rules.
Charges for Services.
Dealing with Non‑Members.
Other Provisions of NASD Rules.
NASD Code of Procedure.
Uniform Practice Code.
Confirmations or Comparisons.
Good Delivery of Securities.
Trade Date and Settlement Date.
Investment Companies and NASD Rules of Fair Practice.
7. Federal and State Regulations.
The Securities Act of 1933.
Exempted Securities Under the 1933 Act.
Red Herring Prospectus.
Effective Date of Registration Statement.
Liabilities Under the 1933 Act.
The Securities Exchange Act of 1934.
Securities Investor Protection Act of 1970.
State Securities Laws.
Uniform Gifts/Transfer to Minors Act.
Series 6 Final Exam.
Additional Practice Questions 1, 2 and 3.
Series 63 Test Prep.
Series 63 Questions and Answer Explanations.