Get the Summary of David M. Smick's The World Is Curved in 20 minutes. Please note: This is a summary & not the original book. "The World Is Curved" delves into the complexities of the global financial system, particularly highlighting the Great Credit Crisis of 2007-2008. David M. Smick, with his extensive background in macroeconomic advising, examines the crisis's origins, including the perplexing impact of the relatively small subprime market on the global economy. The book discusses the role of confidence and liquidity in financial stability and the challenges policymakers face in managing the turbulent sea of global capital...

A founder of the acclaimed quarterly The International Economy explains the economic problems behind the credit and mortgage issues of the past two years, identifying hidden connections between key events and the global economy. 50,000 first printing.

Dr. Jayshree Pandya, founder of Risk Group LLC (http://www.riskgroupllc.com), is ahead of the curve in addressing the changing global fundamentals of the emerging Global Age. Global Age, and its changing global fundamentals has brought complex, chaotic, and turbulent times for every nation—where failures at all levels have come to become self-evident, repetitive, destructive, and potentially hopeless in nature and uncertainty. Nations are caught off guard. From what is visible across nations today, the promise of progress and prosperity for all nations does not seem to have materialized in a Global Age. Instead of progress and prosperity, what is visible today is crisis and catastrophe that is overpowering and overwhelming the capability of most nations to meet their promise of progress and prosperity. Nations are in crisis. This introductory book Global Age: NGIOA @ Risk addresses the global shifts and the changing global fundamentals of Global Age, to lay out much needed foundation of an integrated NGIOA risk governance framework for the coming tomorrow. This book will make a convincing case for the far-reaching need and understanding of global risk concepts, global risk fundamentals, and risk centric integrated NGIOA governance. The integrated NGIOA risk governance approach proposed and discussed in this initiative is rational, practical, and feasible. It will help create a dynamic, vibrant, and sustainable NGIOA economy of a Global Age. This initiative is a first step towards that.

David Smick keeps a low profile, but experts consider him one of the most insightful financial market strategists in the world. For more than two decades, he has conferred with central bankers (such as Alan Greenspan and Ben Bernanke) and advised top Wall Street executives and investors, from George Soros to Michael Steinhardt to Stan Druckenmiller. Political leaders (from Bill Bradley to Jack Kemp) have regularly sought his policy advice. The World Is Curved picks up where Thomas Friedman’s The World Is Flat left off, taking readers on an insider’s tour through the private offices of central bankers, finance ministers, even prime ministers. Smick reveals how today’s risky environment came to be—and why the mortgage mess is a symptom of potentially far more devastating trouble. He wrestles with the two questions on everyone’s mind: How bad could things really get in today’s volatile economy? And what can we do about it? Drawing on riveting anecdotes in language anyone can understand, Smick explains: Why the churning cauldron we call China (the next great bubble to burst) represents a powerful threat to everyone’s pocketbook How Japanese housewives have taken control of their nation’s savings, and why it matters to us How greed-driven bankers and investment bankers have put everyone’s pensions and 401(k)s at risk Why today’s “incredible shrinking central banks” may not be able to save us when the next crisis hits Why the big-money Russian, Chinese, Saudi, and Dubai sovereign wealth funds represent a tectonic shift in global financial power, away from the United States, Europe, and Japan Why the world desperately needs a “big think” financial doctrine to guide today’s dangerous ocean of money The World Is Curved is the rare book that speaks simultaneously to the Wall Street, Washington, and London elite, yet its apt storytelling shows Main Street readers how to survive in these turbulent times.

The new edition of the leading single-volume resource on designing, operating, and managing mission critical infrastructure Maintaining Mission Critical Systems in a 24/7 Environment provides in-depth coverage of operating, managing, and maintaining power quality and emergency power systems in mission critical facilities. This extensively revised third edition provides invaluable insight into the mission critical environment, helping professionals and students alike understand how to sustain continuous functionality, minimize the occurrence of costly unexpected downtime, and guard against power disturbances that can damage any organization's daily operations. Bridging engineering, operations, technology, and training, this comprehensive volume covers each component of specialized systems used in mission critical infrastructures worldwide. Throughout the text, readers are provided the up-to-date information necessary to design and analyze mission critical systems, reduce risk, comply with current policies and regulations, and maintain an appropriate level of reliability based on a facility's risk tolerance. Topics include safety, fire protection, energy security, and the myriad challenges and issues facing industry engineers today. Emphasizing business resiliency, data center efficiency, cyber security, and green power technology, this important volume: Features new and updated content throughout, including new chapters on energy security and on integrating cleaner and more efficient energy into mission critical applications Defines power quality terminology and explains the causes and effects of power disturbances Provides in-depth explanations of each component of mission critical systems, including standby generators, raised access floors, automatic transfer switches, uninterruptible power supplies, and data center cooling and fuel systems Contains in-depth discussion of the evolution and future of the mission critical facilities industry Includes PowerPoint presentations with voiceovers and a digital/video library of information relevant to the mission critical industry Maintaining Mission Critical Systems in a 24/7 Environment is a must-read reference and training guide for architects, property managers, building engineers, IT professionals, data center personnel, electrical & mechanical technicians, students, and others involved with all types of mission critical equipment.

Currently, economics and cognitive science are heavily rooted in Newtonian physics, successfully borrowing a great deal of modeling tools from it. This is a great achievement. You do not need quantum mechanics or theories of relativity to build a house or bridge. Nevertheless, no one would deny the importance of modern theoretical physics. I believe many intellectuals have realized the need to go beyond the limitations of the Newtonian tradition for means of social science research. The big question is how to do it and how to do it right. This book aims to integrate economics and cognitive science by applying theoretical physics from a modeling perspective. During the course of this book, necessary background knowledge preparations for understanding the content topics are also briefl y provided. Thus, this book is designed to be conceptually and instrumentally self-contained. Everyone interested should be able to read it.

“Groundbreaking.” —Washington Examiner Economics is primed for—and in desperate need of—a revolution, respected economic forecaster John D. Mueller shows in this eye-opening book. To make the leap forward will require looking backward, for as Redeeming Economics reveals, the most important element of economic theory has been ignored for more than two centuries. Since the great Adam Smith tore down this pillar of economic thought, economic theory has been unable to account for a fundamental aspect of human experience: the relationships that define us, the loves (and hates) that motivate and distinguish us as persons. In trying to reduce human behavior to exchanges, modern economists have forgotten how these essential motivations are expressed: as gifts (or their opposite, crimes). Mueller makes economics whole again, masterfully reapplying the economic thought of Aristotle, Augustine, and Aquinas.