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An in-depth look at how politics and economics shape the relationship between Congress and the Federal Reserve Born out of crisis a century ago, the Federal Reserve has become the most powerful macroeconomic policymaker and financial regulator in the world. The Myth of Independence marshals archival sources, interviews, and statistical analyses to trace the Fed’s transformation from a weak, secretive, and decentralized institution in 1913 to a remarkably transparent central bank a century later. Offering a unique account of Congress’s role in steering this evolution, Sarah Binder and Mark Spindel explore the Fed’s past, present, and future and challenge the myth of its independence.
Cutting-edge techniques to master 4-limb independence from German drum sensation Marco Minnemann. His method will dramatically increase independence and coordination skills and help develop facility on the drumset in all styles. Included are patterns, melodies for two limbs, extreme hi-hat and flam techniques, extreme soloing and independence grooves, and more. A bonus section includes play-along material from Marco's solo CDs and actual workshop sheets from his amazing clinics. Interdependence: the ability to switch any pattern to any limb at any time---complete freedom!
More and more young men and women today are taking longer and having more difficulty making a successful transition to adulthood. They are staying in school longer, having a harder time finding steady employment at jobs that provide health insurance, and are not marrying and having children until much later in life than their parents did. In The Price of Independence, a roster of distinguished experts diagnose the extent and causes of these trends. Observers of social trends have speculated on the economic changes that may be delaying the transition to adulthood—from worsening job opportunities to mounting student debt and higher housing costs—but few have offered empirical evidence to back up their claims. The Price of Independence represents the first significant analysis of these economic explanations, charting the evolving life circumstances of eighteen to thirty-five year-olds over the last few decades. Lisa Bell, Gary Burtless, Janet Gornick, and Timothy M. Smeeding show that the earnings of young workers in the United States and a number of industrialized countries have declined relative to the cost of supporting a family, which may explain their protracted dependence. In addition, Henry Farber finds that job stability for young male workers has dropped over the last generation. But while economic factors have some influence on young people's transitions to adulthood, The Price of Independence shows that changes in the economic climate can not account for the magnitude of the societal shift in the timing of independent living, marriage, and childbearing. Aaron Yelowitz debunks the myth that steep housing prices are forcing the young to live at home—housing costs actually fell between 1980 and 2000 once lower interest rates and tax subsidies are taken into account. And Ngina Chiteji reveals that average student loan debt is only $3,500 per household. The trend toward starting careers and families later appears to have more to do with changing social norms, as well as policies that have broadened access to higher education, than with changes in the economy. For better or worse, the current generation is redefining the nature and boundaries of what it means to be a young adult. The Price of Independence documents just how dramatically the modern lifecycle has changed and offers evidence as an antidote to much of the conventional wisdom about these social changes.
Summarizes the main results of the research into the nature, explanation and aftermath of the extreme violence used by the Dutch armed forces.
Beyond Belief is a bold rethinking of the formation and consolidation of nation-state ideologies. Analyzing India during the first two decades following its foundation as a sovereign nation-state in 1947, Srirupa Roy explores how nationalists are turned into nationals, subjects into citizens, and the colonial state into a sovereign nation-state. Roy argues that the postcolonial nation-state is consolidated not, as many have asserted, by efforts to imagine a shared cultural community, but rather by the production of a recognizable and authoritative identity for the state. This project—of making the state the entity identified as the nation’s authoritative representative—emphasizes the natural cultural diversity of the nation and upholds the state as the sole unifier or manager of the “naturally” fragmented nation; the state is unified through diversity. Roy considers several different ways that identification with the Indian nation-state was produced and consolidated during the 1950s and 1960s. She looks at how the Films Division of India, a state-owned documentary and newsreel production agency, allowed national audiences to “see the state”; how the “unity in diversity” formation of nationhood was reinforced in commemorations of India’s annual Republic Day; and how the government produced a policy discourse claiming that scientific development was the ultimate national need and the most pressing priority for the state to address. She also analyzes the fate of the steel towns—industrial townships built to house the workers of nationalized steel plants—which were upheld as the exemplary national spaces of the new India. By prioritizing the role of actual manifestations of and encounters with the state, Roy moves beyond theories of nationalism and state formation based on collective belief.
he book offers a frank account of an African state that shook off colonial rule but has yet to see the fruits of independence distributed evenly among its people. Drawing on inside knowledge of SWAPO, the anti-colonial liberation movement, the author provides a valuable case study of nation building in the modern era.
With expert analysis and clarity of writing, James Dunn highlights the disturbing gap between the noble rhetoric and the heartless reality of international commitment and resolve East Timor: A Rough Passage to Independence is a story of political intrigue and the hidden world of international diplomatic deals. It is also the story of countless individuals, governments, and international bodies who, ultimately, pulled together to change the luck of this tiny island. From the days of colonial Portuguese rule, through the tumultuous years of the Indonesian invasion, to the present day this book is a disturbing portrayal of the complete failure of the international community to deal with the East Timor situation.
Beyond Empire looks at three decades of British colonial administration to assess the capacity of the independent governments of Africa to achieve independence. A wealth of archival material and a unique review of British press over those decades brings to life the dynamic and the tension of the process of decolonisation. Addressing a wide range of issues, from education, constitutional change and economic relations, Beyond Empire sheds new light on aspects of colonial history at the country level, with the focus on the African administrations themselves as agents in the decolonisation process.
In this major new work - the result of a lifetime of intellectual engagement - one of the developing world's most famous thinkers reflects on the times we live in. He argues that US hegemony has reached a dangerous new level under George Bush Jr, and that the US President's hubristic militarism will both lead to a never-ending cycle of wars and block all hopes of social and democratic progress, not just in developing countries, but in the North as well. Samir Amin also rejects the highly ideological notion that the current form of neoliberal capitalism - 'really existing capitalism' in which imperialism is an integral and permanent part - is an inevitable future for humanity, or in fact socially or politically tolerable. At the same time, he is not opposed to globalization as such; indeed he believes the whole world today is irrevocably connected, and that solidarity in diversity is the key to the struggle for a better world. In the body of the book, Amin provides a perspicacious analysis of tendencies within the rich countries - the US, Europe and Japan; the rising powers - China and India; the likely future trajectory of post-Soviet Russia; and the developing world. The central question he pursues is whether there are other hegemonic blocs that may emerge in time to circumscribe American power, and constrain free market capitalism and force it to adjust to demands other than its narrow central economic logic. This important and thought-provoking book identifies the key global campaigns Samir feels progressives should launch around the world. 'Another world is possible.' But, he warns, the diverse citizens' movements loosely gathered together in the World Social Forum must bite the political bullet and recognise that they can only transform the world if they seek political power.