Edson Mateus itibaren Dzērbene, Dzērbenes pagasts, , Latvia

_dson_ateus

04/28/2024

Kitap için kullanıcı verileri, yorumlar ve öneriler

Edson Mateus Kitabın yeniden yazılması (12)

2018-04-16 08:40

Ben Kimim-Hipopotam TrendKitaplar Kütüphanesi

Tarafından yazılmış kitap Tarafından: Parıltı Yayıncılık

Exceptional work that details the financial decision of the inter-war period. I included the Economist's review below. Lords of finance Jan 8th 2009 From The Economist print edition The central bankers of the Great Depression were obsessed with a single idea, rather like their successors today Corbis CENTRAL bankers were compelling figures in the 1920s, not least because they preferred to operate in secret. The cloak was peculiarly attractive to Sir Montagu Norman, governor of the Bank of England (pictured above, right), who adopted a false identity when he travelled, though this sometimes attracted attention rather than deflecting it. Asked for his reasons for promoting a policy, Norman replied: “I don’t have reasons. I have instincts.” Benjamin Strong, Norman’s principal collaborator, ran the Federal Reserve Bank of New York, which was responsible for America’s international financial relationships. In the mid-1920s, Strong decided the American economy was sufficiently prosperous that he could widen his brief to promote economic stability. Liaquat Ahamed suggests that Strong more than anyone else “invented the modern central banker”. Norman and Strong were wedded to the gold standard. Emile Moreau, the less clubable governor of the Banque de France, was an obsessive hoarder of gold and tended to do his nation’s own thing. The arrogant Hjalmar Schacht (above left), a spiky German nationalist who headed the Reichsbank, had, by a remarkable sleight of hand, ended Germany’s hyperinflation in 1923, but he was unable to persuade his fellow central bankers to forget reparations, even though they all appreciated that heavy post-war payments were “bleeding Germany white”. The quartet, united by a belief that they knew best, had persuaded the great powers to leave the fate of their economies to the antique workings of the gold standard—“a barbarous relic” in the view of John Maynard Keynes. They had the power, in a legendary phrase, to “crucify mankind upon a cross of gold”, and they did so. The problem was that there was not enough gold to finance world trade. Stocks were concentrated in America and France, and countries like Britain, where it was scarce, had to borrow heavily, and to adjust interest rates and government spending at the expense of employment in order to replenish gold reserves. A loan organised by Strong enabled Norman to get Britain back onto the gold standard in 1926 (it had slipped off during the first world war). Norman’s advice helped persuade Strong to lower interest rates in 1927, which only increased irrational exuberance on Wall Street. These early central bankers were an odd lot. Norman, who dabbled with spiritualism, apparently informed a colleague that he could walk through walls. He suffered regular nervous breakdowns, and was actually on sick leave when Britain left the gold standard again in 1931. Strong suffered from permanent ill health and was often affected by the generous use of morphine to control pain. He died in October 1928 before the Wall Street Crash and the Great Depression, but Mr Ahamed does not appear to believe that things would have turned out any differently had he lived: in a crushing conclusion, he writes that the Great Depression was “the direct result of a series of misjudgments by economic policymakers…by any measure the most dramatic series of collective blunders ever made by financial officials.” Looking back in 1948, Norman’s judgment was no less harsh. “We achieved absolutely nothing,” he said, “except that we collected a lot of money from a lot of poor devils and gave it to the four winds.” Politicians were left to clear up the mess they left. One of them was Hitler, who readily instigated a series of measures to combat German unemployment which were similar to those Gordon Brown is adopting today. (Schacht later joined the anti-Hitler resistance.) Britain’s prospects brightened as soon as the gold standard was dropped. The French, less troubled, remained loyal to gold until 1936. But the most original solution was that of President Franklin Roosevelt, soon after his inauguration in 1933. Mr Ahamed resurrects a 59-year-old agricultural economist from Cornell University by the name of George Warren, whose study of long-term trends in commodity prices led him to believe that, since falling prices were associated with depression, recovery ought to be encouraged by rising prices. The president liked the idea and decided to devalue the dollar—despite vigorous opposition from the gold bugs—simply by increasing the gold price. One of his own economic advisers lamented: “This is the end of Western civilisation.” For a number of weeks, the president would consult his advisers over boiled eggs at breakfast and randomly drive up the gold price, beginning at $31.36 an ounce until it settled at $35. By then a recovery was under way. This absorbing study of the first collective of central bankers is provocative, not least because it is still relevant. Mr Ahamed, who was a World Bank economist and now manages investments in America, likens central bankers to Sisyphus. This was the man whom the gods condemned to roll a large stone up a steep hill only for it to roll down again when it reached the peak. These great central bankers were so wedded to a dogma that they were incapable of imagining its failure. Perhaps this kind of single-mindedness is endemic to central bankers; since the early 1990s the idea of controlling inflation at all costs has been so compelling that central bankers have ignored such unintended consequences as bubbles in the housing and stock markets. But these were big enough, when they burst, to trigger a worldwide slump. Not lords of finance surely; more like high priests

2018-04-16 14:40

Tethys: 4 Parçalı Yapboz TrendKitaplar Kütüphanesi

Tarafından yazılmış kitap Tarafından: Tethys

3.5 Stars Devon Monk has given us a world where magic exists, but it's not a pretty world. There are steep prices for using magic of any sort, and as always, there are ways to circumvent the system. Allie's gift allows her to track those that would wish to hide their magical doings. She prefers to go her own way, forgetting the blood she shares with the man who made harnessing magic possible - her father. When the story opens it's Allie's birthday, and she's determined to do something nice for herself. Unfortunately, her plans go awry and she ends up getting called out the Hound when a boy gets deathly sick. When that hounding leads her to believe her father is responsible for this illegal Offload, Allie goes to confront him. Seven years since she's seen him last, and all the old bitterness and disappointment comes back so easily - especially when she finds out her father has hired a man, Zavyion Jones, to trail her. She thought she had all the shocks that would come her way, but she was wrong. It was just beginning. I really enjoyed that the world the Devon Monk created was gritty. The use of magic left a residue that you could smell and feel in the air, the earth, the water. The characters can set Disbursements that allow the magic offload to be handled in a specific way, sometimes through proxies and sometimes through specific effects on themselves. It's a well realized world, filled to the brim with possibilities. I think there's a lot of room for us to see more here. I really enjoyed experiencing this book through Allie. She's a strong, stubborn, honorable person. She likes helping people, using her magic to protect and do good, and has her own set of code that she tries to live by. I also really like that she can at turns be impulsive, rash even, and at others she can be extremely cautious. She doesn't mind paying the price for using her magic, accepts it as the cost of living how she wants to. I find this admirable, but I have a problem with it too. One of her major costs of doing magic is memory loss - hours, days, weeks, months? I'm not sure if I can trust her to be a reliable narrator, to actually move forward into any sort of life, and the one thing measure she's taken to make sure she doesn't forget forever is writing in a notebook. But the notes she writes are inconsistent, vague, and not detailed enough, in my opinion. However, this is a minor complaint. There are some alternating third-person point-of-view scenes in this book too, but they felt unnecessary unless that character comes to be more important in the future. Then there's Zavyion. Allie was very drawn to him from the beginning, even against her own better judgement. He's an intriguing character. I feel like we didn't get to know enough about him as he spent a good portion of the book evading answering any questions. But I do know that his actions spoke fairly loud and I want to know him more. The pacing of the story felt a little slow to me. While I was curious the entire time I was reading, it took me about 90 pages to really get interested in what was going to happen. What I didn't like is that there seemed to be far too much talk, and little action. Allie does some magic and then spends the next 75 pages talking about what she learned, what it could mean, what she should do now. I would have liked some more action. Though I can appreciate that a first book in a series is going to take some time setting everything up. Overall, I enjoyed this intro to Allie Beckstrom's world, though I felt there were some areas that could have drawn me in even more. If you're looking for a gritty world with depth, and a strong heroine, then I'd definitely recommend trying Devon Monk's Magic to the Bone.

2018-04-16 16:40

Ruh Bağı - Vampir Akademisi 5 - Richelle Mead TrendKitaplar Kütüphanesi

Tarafından yazılmış kitap Tarafından: Artemis Yayınları

I really liked this book. Probably like most people I thought vampires to be like the Anne Rice ones (a bit disappointed that they might not be, because I love Lestat and Marius). I never imagined that vampires could be more like psychic entities. While reading this book, I was also completely shocked to find out that when I was a child I was the victim of a psychic vampire attack! I've been a horrible insomniac for as long as I can remember, never able to sleep and always staying awake for most of the night and now it makes sense why! It was a bit terrifying to read some of the encounters and know it was the same as what had happened to me, but I feel better knowing how to explain that weird occurrence when I saw a creature with red eyes right beside my bed and wasn't able to move or cry out because I was paralyzed. He also included in his final chapter rituals for protection, which I fully intend on doing even though it has been years. I also liked how he went into detail about different vampire beliefs from around the world. He also included letters he'd gotten from mortal vampires, I think. They were interesting to read. So if you want vampires to be Lestat, don't read this because you might be disappointed. On the other hand, if you're just curious about occult things like I am, then it's a very good read. The only problem I had is that throughout his book, he kept referring to his other books (but maybe he had to say that because it was for the Llewellyn series). loved it

Okuyucu Edson Mateus itibaren Dzērbene, Dzērbenes pagasts, , Latvia

Kullanıcı, bu kitapları portalın yayın kurulu olan 2017-2018'de en ilginç olarak değerlendirdi "TrendKitaplar Kütüphanesi" Tüm okuyucuların bu literatürü tanımalarını tavsiye eder.