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Alan Greenspan is a classic conservative, monetarist economist. His views fit nicely into that category. He also has a lively wit, which is normally well hidden behind the facade of "non-speak" that he specializes in. The author has considerately included some of Dr. Greenspan's most famous bon mots. His convoluted sentences are more famous across the planet, and deliberately so.
For when Alan Greenspan really speaks, as he did about "irrational exuberance" in the stock market a few years ago, the ground moves beneath the financial markets. So he has to be careful.
Care is also required because of politics. The Federal Reserve is supposed to be an independent body that is not part of the political process. Yet Congress can change its powers very easily. So the best approach is to hide in the shadows, as much as any 800 pound gorilla can.
This strategy is complicated by the fact that the chairman has to make many speeches, and has many required reports to Congress each year. So, Chairman Greenspan has to utter a lot of words while saying very little.
Perhaps the truest statement in the book was the quote about him pointing out that people on both sides of any issue quote Alan Greenspan as supporting their position. And that's the brilliance of these obscure sayings.
The only times he can be open is when he is in front of a group that doesn't matter. For example, he can praise the small community banks to the skies, because they are so small. Bring up Citigroup, and he has to move off in other directions.
The book that still needs to be written about Alan Greenspan is his art of saying much while communicating little. Now, that would be a book!
My favorite slant on Alan Greenspan was missing from this book. The financial news channel, CNBC, has developed a way to anticipate which way interest rates will go. It depends on the size of Greenspan's brief case when he goes into a Fed meeting. When it is thick, rates change. When it is thin, nothing happens. With a between-sized case, the bias between tightening or not may shift. Interstingly, they are often correct with this approach. And this story shows perfectly how much scrutiny he is under.
The man has done a fabulous job of running the Federal Reserve. We should not forget that in our focus here on his words. This is an area where actions speak louder than words, as they often do.
Now that we are off the gold standard, controlling the money supply is more important than ever because there is no limit on the potential to create inflation. As a former economic forecaster, Greenspan knows that economic forecasts are more often wrong than right. So you have to be vigilant and aggressive in anticipating problems. You will get a good sense of that perspective from this book. It will bring all of those words into a coherent sense of Greenspan's philosophy for you.
After you have finished absorbing these very long sentences, I encourage you to think about when in your life it is good to be balanced in your communications in order to moderate the response. Clarity is not always a virtue. But do be clear whenever it is important to get the point across. Follow Hemingway then. When obscurity helps, follow Greenspan.
May you aggressively pursue the opportunities in front of you, but in a balanced way that exercises extreme caution about the risks involved. In considering your choices, you should pause to consider how forecasting may not always be correct. Naturally, you will want to give full weight to the concerns that your hear as well. (This is my attempt at a Greenspanism, for demonstration purposes.)
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The book succeeds in being the ideal starting point for anyone being even remotely interested in WW1.
Every map is accompanied by a short summary of what's going on, most of the times even in the maps themselves which makes the information very easy to consummate.
The real value of the book lies in the fact that it presents the actions and campaigns and politics without judging them, without being biased in any sort of way, may it be the old good vs. bad stereotype or the modern pacifistic viewpoint: It just provides information and what you do with it is up to you.
Highly recommended.
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doctor studying the foot and ankle. By far, one
of the most thorough out there. Do not hesitate
because of price... well worth it.
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What this is not is a how-to manual for implementing Micro-Credit programs. But it is still a great book!
If you haven't heard of Grameen, prepare yourself to learn about a bank which has overturned the conventional wisdom about helping people who live in poverty.
Yunus' big idea can be put very simply: people who live on less than $1 per day (3 billion people) don't need to be tought how to feed themselves and survive - the very fact that they are alive is testament to their abilities.
His approach rests upon that faith in people's ability to help themselves, if given access to the very small amounts of loan capital they need to start a profitable venture - whether that is weaving cloth or repairing bicycles.
The road to reaching more than 2 million people in Bangladesh, and many other millions worldwide, wasn't smooth. What you get from reading this book is a sense that sometimes the 'homegrown' solution beats the 'imposed' ideas from the developed world.
A challenging book for liberals and conservatives alike!
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It easily earns three stars as an least average British police procedural. The writing is competent. The clues (or lack thereof) all make sense in in the end. It gets another half star for its many thoughtful observations of the Yorkshire environment - both the landscape and the mentality of the people. I'm pretty much rounding up the score after that. I like Banks and plan to keep reading the series which has received considerable praise in recent years. Still, I haven't found anything so fascinating that I'm going to recommending the book or series to friends---yet.
Then, Sally Lumb, a local teenager whom Banks suspects of knowing more than she is telling, alarmingly disappears'
Very much an English 'cosy' in the tradition of writers like Ann Granger, this is another success for Peter Robinson. There seems to be nothing exceptionally challenging in these early novels, but they're very enjoyable reads. Robinson writes good prose, and structures his mysteries excellently. He develops his characters well, even if they themselves are nothing out of the ordinary. Banks is an excellent lead, very real and with a dry humour there is definitely something of Morse in him. But, it would be nice if we got to meet his family a bit more pretty soon'
Anyone who likes a nice, traditional, well-crafted and satisfying British mystery is guaranteed to like the books of Peter Robinson.
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The story alternates adroitly between time periods and narrators, as we explore the events that led up to the crime. Robinson takes his time, develops his characters fully, and brings the World War II era in a tiny English village vividly to life. His people are well rounded beings, with their share of faults and virtues.
Many story tellers use the device of the past coming back to haunt the present. Robinson does it better than most. His story peels away in layer after layer until the final truth is revealed. He explores love, loyalty, duty, friendship and conscience, and the price one pays for these traits. This book brings to mind Ruth Rendell, who has written books in the same vein. I will certainly seek out more books by Peter Robinson.
Perhaps most impressive are the diary extracts that tell of life in a tiny Yorkshire village during the War. The voice of the narrator we know is the echo of a million other British voices during those days. Rationing, blackout, land armies and American servicemen all take their place in the reminiscing pages to paint a detailed picture of the life and times of the victim, Gloria.
Interspersed there is the police investigation and the trials and tribulations of Robinson's very readable hero, Banks. Difficulties with the boss, ex-wife, son and colleague are juggled admirably by the author who moulds all the rich ingredients into one fast-paced, enjoyable read. Refreshingly, he decides against falling into the ever present trap of saying too much or adding one twist too many, choosing instead to deliver a cameo of shocks in the epilogue. Just when I thought I had finished, there was another couple of pages that caused the eyebrows to raise and the grey matter to think again at what I had just read.
I would like to read more of Banks books, but I am wary that the actual subject matter in this novel will far surpass any that appears in the other ten or so volumes. One day I am sure I will have done the set, so to speak, but for now I am going to be content with having had the pleasure of reading this as a brilliant one-off.
My favorite thing about the novel was the way it switched between several points of view in several time periods. As the mystery unfolds in the present, the story develops in the past, and the balance between the narratives is perfect and seamless. The characters are vividly drawn, and the plot constantly engaging.
The only thing that bothered me about the book was that it is obviously part of a series featuring Inspector Banks, and brief parts of the book are spent dwelling on events of previous books, and setting up situations for future books. But I know some people like their series detective novels to have a certain amount of story continuity between volumes, so I won't quibble too much. I'll definitely be checking out other books by Robinson.
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Banks has changed greatly over the years. He is mellower and more reflective than he has ever been before. Although he still likes to smoke and drink, Banks is beginning to feel the effects a bit more, and he is actually trying to cut down. In addition, now that his ex-wife and children have moved on with their lives, Banks has had a great deal of time to take stock of where his own life is heading.
"Close to Home" has many of Peter Robinson's trademark touches. The author delves deeply into the psyche of his characters. Robinson takes the time to humanize the police officers, the criminals, and the suspects in his novels. The reader becomes involved with their predicaments and deeply invested in the outcome of the story. In addition, Robinson introduces another interesting female character, Detective Inspector Michelle Hart, a woman with a tragic past to whom Banks is attracted.
In "Close to Home," unfortunately, Robinson missteps a bit. First of all, he has gone to the well once too often when he chose the "bones uncovered after many years" story line. This plot was used successfully in Robinson's own "In a Dry Season", and again in at least three other mysteries that I have read recently. I am surprised at this lack of originality in an author as creative as Robinson. In addition, at almost four hundred pages, the book meanders a bit and takes too long to reach its melodramatic denouement.
In addition, Robinson is a little too heavy handed when he hammers home his recurring theme, which is that the past is never really behind us. Until we come to terms with the events of long ago, and until we exorcise the demons that plague us, we can never hope to face the future and find happiness in life. Robinson has expressed this viewpoint in his previous novels many times, but with more finesse and subtlety than he does here. I have come to expect a great deal from an author as accomplished as Peter Robinson. Although "Close to Home" is a serviceable mystery, it is not an excellent one.
and it is truly difficult to put down once started.
The hero, Chief D.I. Alan Banks is a complex character, in
both his professional and his personal life, and this book
continues his evolution as he continues to think about his
ex-wife, as well as his 2 children and their careers, and as
he wonders frequently where his personal life is headed.
Plus, he is facing "burn-out," as the murders and criminals
he faces routinely blunt his emotions and feelings, and he
fears he is withdrawing from some of his professional life.
The story revolves around 2 missing children, one of which
becomes his current case when the teen-age boy is found dead,
and the other of which was his buddy when he disappeared in
1965. There are so many parallels, Banks worries about both
cases, and he is drawn to the investigation of the old 1965
case in his hometown of Petersborough, while handling the
investigation of the other boy in his own jurisdiction of
North Yorkshire.
While Banks worries about his relationship with one of his
detectives, Annie, he meets up with an intriguing red-haired,
green-eyed woman detective, Michelle, who is working the
old 1965 case with new clues. So Banks has a lot on his
mind as he unravels one mystery, and he gets fully involved
in the second.
Both cases involve personal danger to both Banks and his staff,
and there is plenty of action, as well as the intellectual
stimulation Robinson puts together, and this is a very
satisifiying book, and one that is highly recommended.
Plus, you can learn a lot about English countryside life
and work, while Banks visits his retired parents and makes
the rounds while helping with the 1965 case.
Entertaining and fun.
The book contains selections from different Greenspan speeches given over the years. Most selections are prefixed with some scene-setting remarks by the author, Kahaner. The book doesn't have much structure to it -- the chapters are in alphabetical order (e.g., "Banks", "Capitalism", "Derivatives", etc). So you can skip back and forth without losing anything.
While Greenspan's speaking style is usually clear, he does have a roundabout way of talking. For example: "I don't want to suggest we're about to do anything at this stage, but I would confirm we are obviously going to do a great deal of thinking about the whole process." Somewhere else, he jokes: "I've been able to string more words into fewer ideas than anybody I know, and I'm continuing to do that."
Nonetheless, the reader can pick up most of Greenspan's opinions without too much trouble. For example: (a)Debt - bad. (b)Inflation - very, very bad. (c)Capitalism - hurray! His view on income distribution: "No society succeeds unless virtually all of its participants believe that it's fair and gives people opportunities." That one sounded all right to me, but his views on labor strike me as downright creepy; for example: "It should always be remembered that in economies where dismissing a worker is expensive, hiring one will also be perceived to be expensive."
On a subject of current political concern, the privatization of Social Security (or "modernization" is what they're calling it now, I think), Greenspan argues against it for workers already contributing to the system: "Investing Social Security assets in equities is largely a zero sum game." But he also suggests that allowing younger workers the option to move to a semi-privatized plan might be practical.
Greenspan maintains a pretty aloof tone in most of his speeches. For example, while touring the economically devastated region of South Central Los Angeles, he dryly observes, "We regulators are swamped with all sorts of data... It's important to put a face on the numbers." On the matter of dealing with others: "...beyond the personal sense of satisfaction, having a reputation for fair dealing is a profoundly practical virtue. We call it 'good will' in business and add it to our balance sheets."
A section near the end of the book contains remarks others have made about Greenspan. One economist sums it up best: "When Greenspan dies his headstone could read: 'I am guardedly optimistic about the next world, but remain cognizant of the downside risk.'"