Inside the engine-room of China’s economic growth—the China Development Bank
Anyone wanting a primer on the secret of China’s economic success need look no further than China Development Bank (CDB)—which has displaced the World Bank as the world’s biggest development bank, lending billions to countries around the globe to further Chinese policy goals. In China’s Superbank, Bloomberg authors Michael Forsythe and Henry Sanderson outline how the bank is at the center of China’s domestic economic growth and how it is helping to expand China’s influence in strategically important overseas markets.
100 percent owned by the Chinese government, the CDB holds the key to understanding the inner workings of China’s state-led economic development model, and its most glaring flaws. The bank is at the center of the country’s efforts to build a world-class network of highways, railroads, and power grids, pioneering a lending scheme to local governments that threatens to spawn trillions of yuan in bad loans. It is doling out credit lines by the billions to Chinese solar and wind power makers, threatening to bury global competitors with a flood of cheap products. Another $45 billion in credit has been given to the country’s two biggest telecom equipment makers who are using the money to win contracts around the globe, helping fulfill the goal of China’s leaders for its leading companies to “go global.”
Bringing the story of China Development Bank to life by crisscrossing China to investigate the quality of its loans, China’s Superbank travels the globe, from Africa, where its China-Africa fund is displacing Western lenders in a battle for influence, to the oil fields of Venezuela.
Offers a fascinating insight into the China Development Bank (CDB), the driver of China’s rapid economic developmentTravels the globe to show how the CDB is helping Chinese businesses “go global”Written by two respected reporters at Bloomberg News
As China’s influence continues to grow around the world, many people are asking how far it will extend. China’s Superbank addresses these vital questions, looking at the institution at the heart of this growth.
“Lindsay’s delight in imaginary and unknown worlds, her compulsion to write exactly what she doesn’t know, removes her poems completely from the tired confessional anecdotalism of so much narrative poetry.”—Poetry
“Sarah Lindsay’s niche in contemporary poetry might be likened to that of Joseph Cornell’s in modern art. Anything might turn up in a Cornell box: a stuffed bird, images snipped from old engravings, dice, corks, a broken watch–anything. Like Cornell, Lindsay also creates tiny, complete worlds that operate according to their own particular laws.”—Parnassus
In her fourth collection of poetry, National Book Award finalist and Lannan Fellowship winner Sarah Lindsay presents a lyric menagerie of bizarrely imagined personae and historic figures revealing their long-held secrets, alongside surprising scientific subjects and discoveries layered into quirky, dark-edged, sometimes macabre, always intimate and graceful poems. Imbued with a buoying sense of respect for the different, the unexpected, and the challenging, Lindsay’s poems are alive with wonder.
And when asked the obvious question about the title, you can say, “A ‘bone-eating snotflower’ is the inelegant slang for the worm-like creature, Osedax mucofloris, that feeds on the carcasses of minke whales in the North Sea.”
From “Without Warning”:
Elizabeth Bishop leaned on a table, it cracked,both fell to the floor. A gesturegone sadly awry. This was close to factand quickly became symbolic, bound to occurin Florida, where she was surroundedby rotting abundance and greedy insects. One moment a laughing smile, a graceful handalighting on solid furniture, a casual shift of weight, the next, undignified splayed legs. The shell of the tableproved to be stuffed with termite eggs . . .
Sarah Lindsay graduated from St. Olaf College and holds a MFA from UNC Greensboro. Her first book of poetry, Primate Behavior, was a finalist for the National Book Award. She currently works as a copy editor for Pace Communications, and lives in Greensboro, North Carolina.
Winner of the Margaret Mead Award of the Society for Applied Anthropology
The farm crisis of the 1980s was the worst economic disaster to strike rural America since the Depression—thousands of farmers lost their land and homes, irrevocably altering their communities and, as Kathryn Marie Dudley shows, giving rise to devastating social trauma that continues to affect farmers today. Through interviews with residents of an agricultural county in western Minnesota, Dudley provides an incisive account of the moral dynamics of loss, dislocation, capitalism, and solidarity in farming communities.
Carlos and Dena McPhereson are a couple whose love is only matched by the enormity of secrets existing between them. Those secrets are ones Dena Ramsey McPhereson never intended to share with her husband. The plan however is reworked when a visit from former acquaintances puts Dena in the unimaginable position of having to choose between protecting family and losing the man she loves. Carlos McPhereson has no intentions of letting that happen. He’d waited a lifetime for Dena. Not only had he waited- he’d observed, tracked those he felt responsible for taking her from him. He’d allowed his wife to believe he had no real clue of the events that had filled her years, until the time comes when the full truth can no longer be avoided. Now will be the moments for revelations. Revelations that will reveal the path towards the final acts in a dramatic and deadly menagerie that some will not survive.
EXPLODING THE MYTHS ABOUT MONEY Our money system is not what we have been led to believe. The creation of money has been “privatized,” or taken over by a private money cartel. Except for coins, all of our money is now created as loans advanced by private banking institutions — including the private Federal Reserve. Banks create the principal but not the interest to service their loans. To find the interest, new loans must continually be taken out, expanding the money supply, inflating prices — and robbing you of the value of your money. Web of Debt unravels the deception and presents a crystal clear picture of the financial abyss towards which we are heading. Then it explores a workable alternative, one that was tested in colonial America and is grounded in the best of American economic thought, including the writings of Benjamin Franklin, Thomas Jefferson and Abraham Lincoln. If you care about financial security, your own or the nation’s, you should read this book.
The Student Loan Scam is an exposé of the predatory nature of the $85-billion student loan industry. In this in-depth exploration, Collinge argues that student loans have become the most profitable, uncompetitive, and oppressive type of debt in American history.
This has occurred in large part due to federal legislation passed since the mid-1990s that removed standard consumer protections from student loans-and allowed for massive penalties and draconian wealth-extraction mechanisms to collect this inflated debt. High school graduates can no longer put themselves through college for a few thousand dollars in loan debt. Today, the average undergraduate borrower leaves school with more than $20,000 in student loans, and for graduate students the average is a whopping $42,000. For the past twenty years, college tuition has increased at more than double the rate of inflation, with the cost largely shifting to student debt.
Collinge covers the history of student loans, the rise of Sallie Mae, and how universities have profited at the expense of students. The book includes candid and compelling stories from people across the country about how both nonprofit and for-profit student loan companies, aided by poor legislation, have shattered their lives-and livelihoods. With nearly 5 million defaulted loans, this crisis is growing to epic proportions.
The Student Loan Scam takes an unflinching look at this unprecedented and pressing problem, while exposing the powerful organizations and individuals who caused it to happen. Ultimately, Collinge argues for the return of standard consumer protections for student loans, among other pragmatic solutions, in this clarion call for social action.
Credit and debt appear to be natural, permanent facets of Americans’ lives, but a debt-based economy and debt-financed lifestyles are actually recent inventions. In 1951 Diners Club issued a plastic card that enabled patrons to pay for their meals at select New York City restaurants at the end of each month. Soon other “charge cards” (as they were then known) offered the convenience for travelers throughout the United States to pay for hotels, food, and entertainment on credit. In the 1970s the advent of computers and the deregulation of banking created an explosion in credit card use—and consumer debt. With gigantic national banks and computer systems that allowed variable interest rates, consumer screening, mass mailings, and methods to discipline slow payers with penalties and fees, middle-class Americans experienced a sea change in their lives.
Given the enormous profits from issuing credit, banks and chain stores used aggressive marketing to reach Americans experiencing such crises as divorce or unemployment, to help them make ends meet or to persuade them that they could live beyond their means. After banks exhausted the profits from this group of people, they moved into the market for college credit cards and student loans and then into predatory lending (through check-cashing stores and pawnshops) to the poor. In 2003, Americans owed nearly $8 trillion in consumer debt, amounting to 130 percent of their average disposable income. The role of credit and debt in people’s lives is one of the most important social and economic issues of our age.
Brett Williams provides a sobering and frank investigation of the credit industry and how it came to dominate the lives of most Americans by propelling the social changes that are enacted when an economy is based on debt. Williams argues that credit and debt act to obscure, reproduce, and exacerbate other inequalities. It is in the best interest of the banks, corporations, and their shareholders to keep consumer debt at high levels. By targeting low-income and young people who would not be eligible for credit in other businesses, these companies are able quickly to gain a stranglehold on the finances of millions. Throughout, Williams provides firsthand accounts of how Americans from all socioeconomic levels use credit. These vignettes complement the history and technical issues of the credit industry, including strategies people use to manage debt, how credit functions in their lives, how they understand their own indebtedness, and the sometimes tragic impact of massive debt on people’s lives.
Do you ever feel TRAPPED by your DEBT?
If you’re looking for the FASTEST WAY OUT then the Debt Free Bible is your roadmap to freedom and here’s why; unlike other “get out of debt programs”
the Debt Free Bible doesn’t force you to use a single system or strategy. Why?
Because financial experts know there is no ONE SYSTEM to become debt free which will work best for everyone. So the Debt Free Bible gives you over
“19 Get Out of Debt Strategies” in ONE Manual (+4 Audio CD’s). It may be hard to believe, but we spent nearly 2 years and over $25,000
developing the Debt Free Bible.
Here’s just a little of what you’ll discover in the 287 pg Manual (+4 Audio CD’s):
• 43 places you can find UNCLAIMED MONEY to get out of debt fast! (page 253)
• Use the “Method Matrix” to compare 19 get out of debt methods and pick the best one (page 222)
• Discover how to get one bank pay off another bank with the “IR Method” (page 163)
• How to use the “Overflow Method” pay off any debt faster (page 159)
• How to pay off your bills FASTER with no extra money using the “RR Strategy” (page 167)
• Why the “LBF Technique” gives you a psychological advantage to become debt free (page 169)
• Why the “HIF Method” should be used FIRST on debts over 24% interest (page 171)
• How the “Division Method” and a calculator can get you debt free 8 YEARS SOONER (page 173)
• Pay off your mortgage in only 6 YEARS with the “AP Strategy” (page 191)
• A clever way to use your debt like a checking account with the “Deposit Method” (page 193)
• Use the “Float Technique” to loan yourself money to get out of debt FAST (page 197)
• And much more!
From the authors of the national bestseller 13 Bankers, a chilling account of America’s unprecedented debt crisis: how it came to pass, why it threatens to topple the nation as a superpower, and what needs to be done about it.
With bracing clarity, White House Burning explains why the national debt matters to your everyday life. Simon Johnson and James Kwak describe how the government has been able to pay off its debt in the past, even after the massive deficits incurred as a result of World War II, and analyze why this is near-impossible today. They closely examine, among other factors, macroeconomic shifts of the 1970s, Reaganism and the rise of conservatism, and demographic changes that led to the growth of major—and extremely popular—social insurance programs. What is unquestionably clear is how recent financial turmoil exacerbated the debt crisis while creating a political climate in which it is even more difficult to solve.
In difficult times, debt can be a matter of life and death, happiness and despair. Controlling your debt can bring order and calm. Mastering debt can bring wealth and success. As bestselling Rich Dad/Poor Dad author Robert Kiyosaki says, ?Good debt makes you rich and bad debt makes you poor.”
The ABCs of Getting Out of Debt provides the necessary knowledge to navigate through a very challenging credit environment. A Rich Dad’s Advisor and best selling author of numerous business books, Garrett Sutton, Esq. clearly writes on the key strategies readers must follow to get out of debt. Unlike other superficial offerings, Sutton explores the psychology and health effects of debt. From there, the reader learns how to beat the lenders at their own game, and how to understand and repair your own credit. Using real life illustrative stories, Sutton shares how to deal with debt collectors, avoid credit scams, and win with good credit.
?The reason Garrett Sutton’s book is so important is that like it or not, debt is a powerful force in our world today. The financially intelligent are using debt to enrich themselves while the financially uneducated are using debt to destroy their lives.”- Robert Kiyosaki
The times call for a book that offers hope and education on mastering credit and getting out of debt.