Download or read book States and the Masters of Capital written by Quentin Bruneau and published by Columbia University Press. This book was released on 2022-12-13 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Today, states’ ability to borrow private capital depends on stringent evaluations of their creditworthiness. While many presume that this has long been the case, Quentin Bruneau argues that it is a surprisingly recent phenomenon—the outcome of a pivotal shift in the social composition of financial markets. Investigating the financiers involved in lending capital to sovereigns over the past two centuries, Bruneau identifies profound changes in their identities, goals, and forms of knowledge. He shows how an old world made up of merchant banking families pursuing both profit and status gradually gave way to a new one dominated by large companies, such as joint stock banks and credit rating agencies, exclusively pursuing profit. Lacking the web of personal ties to sovereigns across the world that their established rivals possessed, these financial institutions began relying on a different form of knowledge created to describe and compare states through quantifiable data: statistics. Over the course of this epochal shift, which only came to an end a few decades ago, financial markets thus reconceptualized states. Instead of a set of individuals to be known in person, they became numbers on a page. Raising new questions about the history of sovereign lending, this book illuminates the nature of the relationship between states and financial markets today—and suggests that it may be on the cusp of another major transformation.
Download or read book The Masters of Capital written by John Moody and published by . This book was released on 1921 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The New Masters of Capital written by Timothy J. Sinclair and published by Cornell University Press. This book was released on 2014-07-31 with total page 280 pages. Available in PDF, EPUB and Kindle. Book excerpt: In The New Masters of Capital, Timothy J. Sinclair examines a key aspect of the global economy—the rating agencies. In the global economy, trust is formalized in the daily operations of such firms as Moody's and Standard & Poor's, which continuously monitor the financial health of bond-issuers ranging from private corporations to local and national governments. Their judgments affect unimaginably large sums, approximately $30 trillion in outstanding debt issues, according to a recent Moody's estimate. The difference between an AA and a BB rating may cost millions of dollars in interest payments or determine if a corporation or government can even issue bonds Without bond rating agencies, there would be no standard means to compare risks in the global economy, and international investment would be problematic. Most observers assume that the agencies are neutral and scientific, and that they interpret their role in narrowly economic terms. But these agencies, by their nature, wield extraordinary power and exert massive influence over public policy. Sinclair offers a highly accessible account of these institutions, their origins, and the rating processes they use to judge creditworthiness. Illustrated with a wide range of cases, this book offers a fresh assessment of the role of an often-overlooked institution in the dynamics of modern global capitalism.
Download or read book The Masters of Private Equity and Venture Capital written by Robert Finkel and published by McGraw Hill Professional. This book was released on 2009-12-21 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: Ten Leading private investors share their secrets to maximum profitability In The Masters of Private Equity and Venture Capital, the pioneers of the industry share the investing and management wisdom they have gained by investing in and transforming their portfolio companies. Based on original interviews conducted by the authors, this book is filled with colorful stories on the subjects that most matter to the high-level investor, such as selecting and working with management, pioneering new markets, adding value through operational improvements, applying private equity principles to non-profits, and much more.
Download or read book Two and Twenty written by Sachin Khajuria and published by Currency. This book was released on 2022-06-14 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first true insider’s account of private equity, revealing what it takes to thrive among the world’s hungriest dealmakers “Brilliant . . . eloquently takes readers inside the heroic world of private equity . . . [an] essential read.”—Forbes ONE OF THE MOST ANTICIPATED BOOKS OF THE SUMMER—Bloomberg Private equity was once an investment niche. Today, the wealth controlled by its leading firms surpasses the GDP of some nations. Private equity has overtaken investment banking—and well-known names like Goldman Sachs and Morgan Stanley—as the premier destination for ambitious financial talent, as well as the investment dollars of some of the world’s largest pension funds, sovereign wealth funds, and endowments. At the industry’s pinnacle are the firms’ partners, happy to earn “two and twenty”—that is, a flat yearly fee of 2 percent of a fund’s capital, on top of 20 percent of the investment spoils. Private equity has succeeded in near-stealth—until now. In Two and Twenty, Sachin Khajuria, a former partner at Apollo, gives readers an unprecedented view inside this opaque global economic engine, which plays a vital role underpinning our retirement systems. From illuminating the rituals of firms’ all-powerful investment committees to exploring key precepts (“think like a principal, not an advisor”), Khajuria brings the traits, culture, and temperament of the industry’s leading practitioners to life through a series of vivid and unvarnished deal sketches. Two and Twenty is an unflinching examination of the mindset that drives the world’s most aggressive financial animals to consistently deliver market-beating returns.
Download or read book Harriman vs Hill written by Larry Haeg and published by U of Minnesota Press. This book was released on 2013-10-01 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1901, the Northern Pacific was an unlikely prize: a twice-bankrupt construction of the federal government, it was a two-bit railroad (literally—five years back, its stock traded for twenty-five cents a share). But it was also a key to connecting eastern markets through Chicago to the rising West. Two titans of American railroads set their sights on it: James J. Hill, head of the Great Northern and largest individual shareholder of the Northern Pacific, and Edward Harriman, head of the Union Pacific and the Southern Pacific. The subsequent contest was unprecedented in the history of American enterprise, pitting not only Hill against Harriman but also Big Oil against Big Steel and J. P. Morgan against the Rockefellers, with a supporting cast of enough wealthy investors to fill the ballroom of the Waldorf Astoria. The story, told here in full for the first time, transports us to the New York Stock Exchange during the unfolding of the earliest modern-day stock market panic. Harriman vs. Hill re-creates the drama of four tumultuous days in May 1901, when the common stock of the Northern Pacific rocketed from one hundred ten dollars a share to one thousand in a mere seventeen hours of trading—the result of an inadvertent “corner” caused by the opposing forces. Panic followed and then, in short order, a calamity for the “shorts,” a compromise, the near-collapse of Wall Street brokerages and banks, the most precipitous decline ever in American stock values, and the fastest recovery. Larry Haeg brings to life the ensuing stalemate and truce, which led to the forming of a holding company, briefly the biggest railroad combine in American history, and the U.S. Supreme Court ruling against the deal, launching the reputation of Justice Oliver Wendell Holmes as the “great dissenter” and President Theodore Roosevelt as the “trust buster.” The forces of competition and combination, unfettered growth, government regulation, and corporate ambition—all the elements of American business at its best and worst—come into play in the account of this epic battle, whose effects echo through our economy to this day.
Download or read book McClure s Magazine written by and published by . This book was released on 1911 with total page 1158 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The United States Catalog written by and published by . This book was released on 1921 with total page 2212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book American Capitals written by Christian Montès and published by University of Chicago Press. This book was released on 2014-01-10 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: State capitals are an indelible part of the American psyche, spatial representations of state power and national identity. Learning them by heart is a rite of passage in grade school, a pedagogical exercise that emphasizes the importance of committing place-names to memory. But geographers have yet to analyze state capitals in any depth. In American Capitals, Christian Montès takes us on a well-researched journey across America—from Augusta to Sacramento, Albany to Baton Rouge—shedding light along the way on the historical circumstances that led to their appointment, their success or failure, and their evolution over time. While all state capitals have a number of characteristics in common—as symbols of the state, as embodiments of political power and decision making, as public spaces with private interests—Montès does not interpret them through a single lens, in large part because of the differences in their spatial and historical evolutionary patterns. Some have remained small, while others have evolved into bustling metropolises, and Montès explores the dynamics of change and growth. All but eleven state capitals were established in the nineteenth century, thirty-five before 1861, but, rather astonishingly, only eight of the fifty states have maintained their original capitals. Despite their revered status as the most monumental and historical cities in America, capitals come from surprisingly humble beginnings, often plagued by instability, conflict, hostility, and corruption. Montès reminds us of the period in which they came about, “an era of pioneer and idealized territorial vision,” coupled with a still-evolving American citizenry and democracy.
Download or read book Masters of the Game written by Kim Eisler and published by Macmillan. This book was released on 2010-06-15 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: Veteran legal issues reporter Kim Eisler takes us behind the scenes into mega law firm Williams & Connolly, guiding us on a journey through the many storied cases that have served to shape current policies in public and private sector alike For the past twenty years, author and journalist Kim Eisler has covered the law firm of Williams & Connolly, first at American Lawyer Magazine, then for Legal Times and since 1993 as National Editor of Washingtonian Magazine. More than any other writer, Kim has unprecedented and unusual contacts and relationships with the partners, as well as a background knowledge and familiarity with the firm's history and personnel over the past two decades. In Masters of the Game, Eisler sets out to demonstrate how the disciples of Edward Bennett Williams went beyond anyone's expectations and came to occupy key roles in American culture and business. In the last ten years of his life, Williams, the founder of Williams and Connolly, often said he was building not just a law firm but a monument. Masters of the Game is not only about a law firm, but about how the philosophy and practices of this particular law firm have spread out beyond Washington to dominate business, finance, sports and the American psyche itself through its influence with past, present and future political, corporate and media figures.
Download or read book The History of the United States written by William Backus Guitteau and published by . This book was released on 1924 with total page 744 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Chasing Goldman Sachs written by Suzanne McGee and published by Crown Currency. This book was released on 2010-06-15 with total page 418 pages. Available in PDF, EPUB and Kindle. Book excerpt: You know what happened during the financial crisis … now it is time to understand why the financial system came so close to falling over the edge of the abyss and why it could happen again. Wall Street has been saved, but it hasn’t been reformed. What is the problem? Suzanne McGee provides a penetrating look at the forces that transformed Wall Street from its traditional role as a capital-generating and economy-boosting engine into a behemoth operating with only its own short-term interests in mind and with reckless disregard for the broader financial system and those who relied on that system for their well being and prosperity. Primary among these influences was “Goldman Sachs envy”: the self-delusion on the part of Richard Fuld of Lehman Brothers, Stanley O’Neil of Merrill Lynch, and other power brokers (egged on by their shareholders) that taking more risk would enable their companies to make even more money than Goldman Sachs. That hubris—and that narrow-minded focus on maximizing their short-term profits—led them to take extraordinary risks that they couldn’t manage and that later severely damaged, and in some cases destroyed, their businesses, wreaking havoc on the nation’s economy and millions of 401(k)s in the process. In a world that boasted more hedge funds than Taco Bell outlets, McGee demonstrates how it became ever harder for Wall Street to fulfill its function as the financial system’s version of a power grid, with capital, rather than electricity, flowing through it. But just as a power grid can be strained beyond its capacity, so too can a “financial grid” collapse if its functions are distorted, as happened with Wall Street as it became increasingly self-serving and motivated solely by short-term profits. Through probing analysis, meticulous research, and dozens of interviews with the bankers, traders, research analysts, and investment managers who have been on the front lines of financial booms and busts, McGee provides a practical understanding of our financial “utility,” and how it touches everyone directly as an investor and indirectly through the power—capital—that makes the economy work. Wall Street is as important to the economy and the overall functioning of our society as our electric and water utilities. But it doesn’t act that way. The financial system has been saved from destruction but as long as the mind-set of “chasing Goldman Sachs” lingers, it will not have been reformed. As banking undergoes its biggest transformation since the 1929 crash and the Great Depression, McGee shows where it stands today and points to where it needs to go next, examining the future of those financial institutions supposedly “too big to fail.”
Download or read book The American Manufactory written by Laura Rigal and published by Princeton University Press. This book was released on 2021-03-09 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This cultural history of American federalism argues that nation-building cannot be understood apart from the process of industrialization and the making of the working class in the late-eighteenth-century United States. Citing the coincidental rise of federalism and industrialism, Laura Rigal examines the creations and performances of writers, collectors, engineers, inventors, and illustrators who assembled an early national "world of things," at a time when American craftsmen were transformed into wage laborers and production was rationalized, mechanized, and put to new ideological purposes. American federalism emerges here as a culture of self-making, in forms as various as street parades, magazine writing, painting, autobiography, advertisement, natural history collections, and trials and trial transcripts. Chapters center on the craftsmen who celebrated the Constitution by marching in Philadelphia's Grand Federal Procession of 1788; the autobiographical writings of John Fitch, an inventor of the steamboat before Fulton; the exhumation and museum display of the "first American mastodon" by the Peale family of Philadelphia; Joseph Dennie's literary miscellany, the Port Folio; the nine-volume American Ornithology of Alexander Wilson; and finally the autobiography and portrait of Philadelphia locksmith Pat Lyon, who was falsely imprisoned for bank robbery in 1798 but eventually emerged as an icon for the American working man. Rigal demonstrates that federalism is not merely a political movement, or an artifact of language, but a phenomenon of culture: one among many innovations elaborated in the "manufactory" of early American nation-building.
Download or read book The Rise of American Democracy written by Mabel B. Casner and published by . This book was released on 1938 with total page 726 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The United States Catalog written by Eleanor E. Hawkins and published by . This book was released on 1921 with total page 2222 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Code of Capital written by Katharina Pistor and published by Princeton University Press. This book was released on 2020-11-03 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Capital is the defining feature of modern economies, yet most people have no idea where it actually comes from. What is it, exactly, that transforms mere wealth into an asset that automatically creates more wealth? The Code of Capital explains how capital is created behind closed doors in the offices of private attorneys, and why this little-known fact is one of the biggest reasons for the widening wealth gap between the holders of capital and everybody else. In this revealing book, Katharina Pistor argues that the law selectively "codes" certain assets, endowing them with the capacity to protect and produce private wealth. With the right legal coding, any object, claim, or idea can be turned into capital - and lawyers are the keepers of the code. Pistor describes how they pick and choose among different legal systems and legal devices for the ones that best serve their clients' needs, and how techniques that were first perfected centuries ago to code landholdings as capital are being used today to code stocks, bonds, ideas, and even expectations--assets that exist only in law. A powerful new way of thinking about one of the most pernicious problems of our time, The Code of Capital explores the different ways that debt, complex financial products, and other assets are coded to give financial advantage to their holders. This provocative book paints a troubling portrait of the pervasive global nature of the code, the people who shape it, and the governments that enforce it."--Provided by publisher.
Download or read book American Lumberman written by and published by . This book was released on 1909 with total page 1952 pages. Available in PDF, EPUB and Kindle. Book excerpt:
