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Showing posts with label Finance/Investment. Show all posts
Showing posts with label Finance/Investment. Show all posts
Wednesday, July 25, 2012
Tuesday, August 16, 2011
Professionals? We have books for you at the Beaverton City Library
Most people think that public libraries carry mostly popular materials and materials for the young. And they do! But we also support a community that includes educated professionals, businesspeople, and entrepreneurs. Here are a few of the selections we have this year for you:
Banking
Banking and Financial Institutions: A Guide for Directors, Investors, and Counterparties
Legal / Paralegal
Paralegal practice & procedure : a practical guide for the legal assistant
Practical aviation law
Wills, trusts, and probate law for paralegals
Operations
An introduction to emergency exercise design and evaluation
Management
Fundamentals of organizational communication : knowledge, sensitivity, skills, values
Green Supply Chain Management: Product Life Cycle Approach
Management Communication
Manufacturing
Psychology
Handbook of pediatric psychology
Project Management
Microsoft Project 2010 inside out
Sales
Key account management : the definitive guide
Teaching
Approaches to behavior and classroom management : integrating discipline and care
Warehousing
Warehouse Management
A supply chain logistics program for warehouse management
Banking
Banking and Financial Institutions: A Guide for Directors, Investors, and Counterparties
Legal / Paralegal
Paralegal practice & procedure : a practical guide for the legal assistant
Practical aviation law
Wills, trusts, and probate law for paralegals
Operations
An introduction to emergency exercise design and evaluation
Management
Fundamentals of organizational communication : knowledge, sensitivity, skills, values
Green Supply Chain Management: Product Life Cycle Approach
Management Communication
Manufacturing
Psychology
Handbook of pediatric psychology
Project Management
Microsoft Project 2010 inside out
Sales
Key account management : the definitive guide
Teaching
Approaches to behavior and classroom management : integrating discipline and care
Warehousing
Warehouse Management
A supply chain logistics program for warehouse management
Thursday, November 18, 2010
Economic Disaster titles--2010 some popular ones
I've been compiling a list of "popular" (as if economic disaster titles can be considered this) books since 2007 that analyze the unfolding economic disaster. This is the ensuing selected 2010 list, of course it will be complete on Dec 31 but.. just thought I could share it. It's probably too long for this blog but maybe it will be ok this time because it's a special list.
Money and Economics 2010
13 Bankers : the Wall Street Takeover and the Next financial Meltdown by Simon Johnson c2010 332.1 JOH
In a stinging indictment of the reckless "new American oligarchy" that led the nation to an economic precipice—and which, because of the government bailout, the authors say, threaten to put U.S. taxpayers on the hook again.
The authors trace suspicion of concentrated banking systems to the beginning of the republic. Jefferson suggested that supporting a federally chartered bank was tantamount to treason. Subsequent tectonic shocks—especially the Panic of 1907 and the Great Depression—led to the financial apparatus of the mid-century—the Federal Reserve, designed to backstop Wall Street in a crisis, and the New Deal, which, by separating commercial and investment banking, protected the ordinary investor from the perils of the system.
All the Devils Are Here: the Hidden History of the Financial Crisis by Bethany McLean c2010 330.973 MCL
The origins of the meltdown and the subsequent Great Recession largely lie in the speculator's dream called the mortgage-backed security, which "allowed Wall Street to scoop up loans made to people who were buying homes, bundle them together by the thousands, and then resell the bundle, in bits and pieces, to investors." This innovation netted fortunes for the players at the top, undoing the former bond between buyer and seller and leading directly to the rise of the subprime industry and its toxic holdings. Ironically, write the authors, the securitizing of mortgages was not an invention of Wall Street but of government, with the federal agencies Ginnie Mae and then Freddie Mac selling securities 40 years ago. -Kirkus
Aftershock: The Next Economy and America's Future by Robert Reich 332.64524 DIA
Former Secretary of Labor Reich argues that America will not have a sustained economic recovery until the middle class has more buying power. In this call for reform, the author writes that the increasing concentration of wealth among a small percentage of Americans was the main culprit in the destabilization of the U.S. economy in 2008. For three decades, the wealthy reaped inordinate benefits from a growing economy while middle-class wages stopped climbing. As the rich spent only a fraction of their fortunes ("The sheer magnitude of the task of spending obscene amounts of money can be surprisingly challenging"), they deprived the economy of the multiplier effect of many millions of dollars. Instead of trying to rebalance the distribution of income, the federal government deregulated, privatized and celebrated the idea of free markets. -Kirkus
The Battle: How the Fight Between Free enterprise and big government will shape America's future by Arthur C Brooks c2010 322.3 BRO
America faces a new culture war. It is not a war about guns, abortions, or gays--rather it is a war against the creeping changes to our entrepreneurial culture, the true bedrock of who we are as a people. The new culture war is a battle between free enterprise and social democracy. Many Americans have forgotten the evils of socialism and the predations of the American Great Society's welfare state programs. But, as American Enterprise Institute's president Arthur C. Brooks reveals in "The Battle," the forces for social democracy have returned with a vengeance, expanding the power of the state to a breathtaking degree. "The Battle" offers a plan of action for the defense of free enterprise.
Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America by Greg Farrell
c2010 332.1 FAR In this authoritative account, "Financial Times" reporter Farrell delivers the riveting story of how the decline and fall of Merrill Lynch crippled Bank of America and nearly destroyed America's financial system. Crash of the Titans" is a financial thriller that puts you in the theater as the historic events of the financial crisis unfold and people responsible for billions of dollars of other people's money gamble recklessly to enhance their power and their paychecks or to save their own skins. Its wealth of never-before-revealed information and focus on two icons of corporate America make it the book that puts together all the pieces of the Wall Street disaster.
Crisis Economics: A Crash Course by Nouriel Roubini c2010 338.542 ROU
Two professors explain how we got into the current economic mess and offer a prescription for the way out.
From the writers of A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States. 2007. They define crisis economics as the study of how and why markets fail. The origins of the current upheaval, they contend, are deeply structural—far more severe than simply a housing bubble and the securitization of bad loans—and the storms will persist. They preface their proposed remedies with a whirlwind tour of past crises, a survey of economic thinkers who offer insights into why markets collapse, an analysis of how today’s unstable moment compares with past market traumas and a look at the special dangers posed by our integrated global economy. Critiquing the unprecedented emergency measures taken recently to right the economic ship, they warn of the unintended consequences likely to flow from hasty decisions made under extreme pressure. We should use this moment of relative calm, they argue, to institute necessary changes. -Kirkus
Diary of a Very Bad Year (not at Beaverton but at Tigard) c2010
The HFM (hedge fund manager) offers a brilliant financial professionals view of the economic situation in real time, from September 2007, when problems in financial markets began to surface, until late summer 2009, when the financial meltdown generally subsided and the financial community went back, in HFMs view, to business as usual. With definitions of financial terms and products, and explanations of domestic and global issues as they occur, HFM draws from his decade of nonstop work as a hedge-fund manager to educate the interviewer and us as the financial crisis unfolds. This is a great read.
End of the Free Market: Who Wins the War by Ian Bremmer 330.122 BRE c2010
The power of the state is back, announces Bremmer ("The Fat Tail"), president of the Eurasia Group, in this sobering examination of the threat the emerging powers of China, Russia, and Saudi Arabia pose to the free market. The book presents a whirlwind history of capitalism from mercantilism through the end of the cold war to the ascendancy of state capitalism, a political and economic arrangement in which states exert their influence over markets and big business to serve their own interests. Bremmer provides informative case studies of economies with varying degrees of state control. He weighs how free market economies can compete and concludes on a hopeful note, laying out a powerful case for the superiority of regulated free markets above state capitalism and a clear prescription for how the U.S. can defend its competitive advantage in the future.
Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America by Matt Taibbi c2010 973.932 TAI
Taibbi eviscerates Wall Street for what he considers frauds perpetrated on the American people over the last ten years. Deftly delving deeply into complicated financial history and lingo, Taibbi deftly lays the subject bare, rendering heretofore-dense subject matter simple without being simplistic. Blame for the recent mortgage collapse, commodities bubble, and tech bubble are laid at the feet of a relatively small number of bankers and traders who, in the author's opinion, act without fear of reciprocity from a U.S. government no longer representative of the American people.
King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone by David Carey c2010 338.83 CAR
Carey and Morris reveal the untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street. Analyzes the controversies surrounding Blackstone and whether it and other private equity firms suck the lifeblood out of companies to enrich themselves--or whether they are a force that helps make the companies they own stronger and thereby better competitors. The story by two insiders with access: Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson.
The monster : how a gang of predatory lenders and Wall Street bankers fleeced America--and spawned a global crisis c2010 by Michael W Hudson 332.6324 HUD
In this stunning narrative, award-winning reporter Michael W. Hudson reveals the story of the rise and fall of the subprime mortgage business by chronicling the rise and fall of two corporate empires: Ameriquest and Lehman Brothers. As the biggest subprime lender and Wall Street's biggest patron of subprime, Ameriquest and Lehman did more than any other institutions to create the feeding frenzy that emboldened mortgage pros to flood the nation with high-risk, high-profit home loans.
Peak Everything: Waking Up to the Century of Declines by Richard Heinberg c2010 304.2 HEI
The twentieth century saw unprecedented growth in population, energy consumption, and food production. As the population shifted from rural to urban, human impacts on the environment increased dramatically. The twenty-first century ushered in an era of declines, including: Oil, natural gas, and coal extraction. Yearly grain harvests Climate stability Economic growth Fresh water Minerals and ores such as copper and platinum. To adapt to this profoundly different world, we must begin now to make radical changes to our attitudes, behaviors, and expectations.
The Trillion-Dollar Conspiracy: How the New World Order, Man-Made Diseases, and Zombie Banks Are Destroying America by Jim Marrs c2010 330.973 MAR
A mix of both right-wing conspiracy theories, such as New World Order domination by the Illuminati, and left-wing conspiracy theories, like the planned failure of deregulation, along with charges we can all agree on, such as the bank bailout as a financial coup d'tat for the privileged ultrawealthy. From Reagan to Obama to Congress, he leaves no president or party out of the conspiracy blame game, outlining a plan for world domination that goes back to 1913.
The Zeroes: My Misadventures in the Decade Wall Street Went Insane by Randall Lane
c2010 330.973 LAN
What "Liar's Poker" was to the 1980s, "The Zeroes" is to the first decade of the new century: an insider's memoir of a gilded era when Wall Street went insane-and took the rest of us down with it.
Randall Lane never set out to become a Wall Street power broker. But during the decade he calls the Zeroes, he started a small magazine company that put him near the white-hot center of the biggest boom in history. Almost by accident, a man who drove a beat-up Subaru and lived in a rented walk-up became the go-to guy for big shots with nine-figure incomes. Lane's saga began with a simple idea: a glossy magazine exclusively for and about traders, which would treat them like rock stars and entice them to splurge on luxury goods. "Trader Monthly" was an instant hit around the world.
Money and Economics 2010
13 Bankers : the Wall Street Takeover and the Next financial Meltdown by Simon Johnson c2010 332.1 JOH
In a stinging indictment of the reckless "new American oligarchy" that led the nation to an economic precipice—and which, because of the government bailout, the authors say, threaten to put U.S. taxpayers on the hook again.
The authors trace suspicion of concentrated banking systems to the beginning of the republic. Jefferson suggested that supporting a federally chartered bank was tantamount to treason. Subsequent tectonic shocks—especially the Panic of 1907 and the Great Depression—led to the financial apparatus of the mid-century—the Federal Reserve, designed to backstop Wall Street in a crisis, and the New Deal, which, by separating commercial and investment banking, protected the ordinary investor from the perils of the system.
All the Devils Are Here: the Hidden History of the Financial Crisis by Bethany McLean c2010 330.973 MCL
The origins of the meltdown and the subsequent Great Recession largely lie in the speculator's dream called the mortgage-backed security, which "allowed Wall Street to scoop up loans made to people who were buying homes, bundle them together by the thousands, and then resell the bundle, in bits and pieces, to investors." This innovation netted fortunes for the players at the top, undoing the former bond between buyer and seller and leading directly to the rise of the subprime industry and its toxic holdings. Ironically, write the authors, the securitizing of mortgages was not an invention of Wall Street but of government, with the federal agencies Ginnie Mae and then Freddie Mac selling securities 40 years ago. -Kirkus
Aftershock: The Next Economy and America's Future by Robert Reich 332.64524 DIA
Former Secretary of Labor Reich argues that America will not have a sustained economic recovery until the middle class has more buying power. In this call for reform, the author writes that the increasing concentration of wealth among a small percentage of Americans was the main culprit in the destabilization of the U.S. economy in 2008. For three decades, the wealthy reaped inordinate benefits from a growing economy while middle-class wages stopped climbing. As the rich spent only a fraction of their fortunes ("The sheer magnitude of the task of spending obscene amounts of money can be surprisingly challenging"), they deprived the economy of the multiplier effect of many millions of dollars. Instead of trying to rebalance the distribution of income, the federal government deregulated, privatized and celebrated the idea of free markets. -Kirkus
The Battle: How the Fight Between Free enterprise and big government will shape America's future by Arthur C Brooks c2010 322.3 BRO
America faces a new culture war. It is not a war about guns, abortions, or gays--rather it is a war against the creeping changes to our entrepreneurial culture, the true bedrock of who we are as a people. The new culture war is a battle between free enterprise and social democracy. Many Americans have forgotten the evils of socialism and the predations of the American Great Society's welfare state programs. But, as American Enterprise Institute's president Arthur C. Brooks reveals in "The Battle," the forces for social democracy have returned with a vengeance, expanding the power of the state to a breathtaking degree. "The Battle" offers a plan of action for the defense of free enterprise.
Crash of the Titans: Greed, Hubris, the Fall of Merrill Lynch, and the Near-Collapse of Bank of America by Greg Farrell
c2010 332.1 FAR In this authoritative account, "Financial Times" reporter Farrell delivers the riveting story of how the decline and fall of Merrill Lynch crippled Bank of America and nearly destroyed America's financial system. Crash of the Titans" is a financial thriller that puts you in the theater as the historic events of the financial crisis unfold and people responsible for billions of dollars of other people's money gamble recklessly to enhance their power and their paychecks or to save their own skins. Its wealth of never-before-revealed information and focus on two icons of corporate America make it the book that puts together all the pieces of the Wall Street disaster.
Crisis Economics: A Crash Course by Nouriel Roubini c2010 338.542 ROU
Two professors explain how we got into the current economic mess and offer a prescription for the way out.
From the writers of A Nation of Counterfeiters: Capitalists, Con Men, and the Making of the United States. 2007. They define crisis economics as the study of how and why markets fail. The origins of the current upheaval, they contend, are deeply structural—far more severe than simply a housing bubble and the securitization of bad loans—and the storms will persist. They preface their proposed remedies with a whirlwind tour of past crises, a survey of economic thinkers who offer insights into why markets collapse, an analysis of how today’s unstable moment compares with past market traumas and a look at the special dangers posed by our integrated global economy. Critiquing the unprecedented emergency measures taken recently to right the economic ship, they warn of the unintended consequences likely to flow from hasty decisions made under extreme pressure. We should use this moment of relative calm, they argue, to institute necessary changes. -Kirkus
Diary of a Very Bad Year (not at Beaverton but at Tigard) c2010
The HFM (hedge fund manager) offers a brilliant financial professionals view of the economic situation in real time, from September 2007, when problems in financial markets began to surface, until late summer 2009, when the financial meltdown generally subsided and the financial community went back, in HFMs view, to business as usual. With definitions of financial terms and products, and explanations of domestic and global issues as they occur, HFM draws from his decade of nonstop work as a hedge-fund manager to educate the interviewer and us as the financial crisis unfolds. This is a great read.
End of the Free Market: Who Wins the War by Ian Bremmer 330.122 BRE c2010
The power of the state is back, announces Bremmer ("The Fat Tail"), president of the Eurasia Group, in this sobering examination of the threat the emerging powers of China, Russia, and Saudi Arabia pose to the free market. The book presents a whirlwind history of capitalism from mercantilism through the end of the cold war to the ascendancy of state capitalism, a political and economic arrangement in which states exert their influence over markets and big business to serve their own interests. Bremmer provides informative case studies of economies with varying degrees of state control. He weighs how free market economies can compete and concludes on a hopeful note, laying out a powerful case for the superiority of regulated free markets above state capitalism and a clear prescription for how the U.S. can defend its competitive advantage in the future.
Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America by Matt Taibbi c2010 973.932 TAI
Taibbi eviscerates Wall Street for what he considers frauds perpetrated on the American people over the last ten years. Deftly delving deeply into complicated financial history and lingo, Taibbi deftly lays the subject bare, rendering heretofore-dense subject matter simple without being simplistic. Blame for the recent mortgage collapse, commodities bubble, and tech bubble are laid at the feet of a relatively small number of bankers and traders who, in the author's opinion, act without fear of reciprocity from a U.S. government no longer representative of the American people.
King of Capital: The Remarkable Rise, Fall, and Rise Again of Steve Schwarzman and Blackstone by David Carey c2010 338.83 CAR
Carey and Morris reveal the untold story of Steve Schwarzman and Blackstone, the financier and his financial powerhouse that avoided the self-destructive tendencies of Wall Street. Analyzes the controversies surrounding Blackstone and whether it and other private equity firms suck the lifeblood out of companies to enrich themselves--or whether they are a force that helps make the companies they own stronger and thereby better competitors. The story by two insiders with access: Insightful and hard-hitting, filled with never-before-revealed details about the workings of a heretofore secretive company that was the personal fiefdom of Schwarzman and Peter Peterson.
The monster : how a gang of predatory lenders and Wall Street bankers fleeced America--and spawned a global crisis c2010 by Michael W Hudson 332.6324 HUD
In this stunning narrative, award-winning reporter Michael W. Hudson reveals the story of the rise and fall of the subprime mortgage business by chronicling the rise and fall of two corporate empires: Ameriquest and Lehman Brothers. As the biggest subprime lender and Wall Street's biggest patron of subprime, Ameriquest and Lehman did more than any other institutions to create the feeding frenzy that emboldened mortgage pros to flood the nation with high-risk, high-profit home loans.
Peak Everything: Waking Up to the Century of Declines by Richard Heinberg c2010 304.2 HEI
The twentieth century saw unprecedented growth in population, energy consumption, and food production. As the population shifted from rural to urban, human impacts on the environment increased dramatically. The twenty-first century ushered in an era of declines, including: Oil, natural gas, and coal extraction. Yearly grain harvests Climate stability Economic growth Fresh water Minerals and ores such as copper and platinum. To adapt to this profoundly different world, we must begin now to make radical changes to our attitudes, behaviors, and expectations.
The Trillion-Dollar Conspiracy: How the New World Order, Man-Made Diseases, and Zombie Banks Are Destroying America by Jim Marrs c2010 330.973 MAR
A mix of both right-wing conspiracy theories, such as New World Order domination by the Illuminati, and left-wing conspiracy theories, like the planned failure of deregulation, along with charges we can all agree on, such as the bank bailout as a financial coup d'tat for the privileged ultrawealthy. From Reagan to Obama to Congress, he leaves no president or party out of the conspiracy blame game, outlining a plan for world domination that goes back to 1913.
The Zeroes: My Misadventures in the Decade Wall Street Went Insane by Randall Lane
c2010 330.973 LAN
What "Liar's Poker" was to the 1980s, "The Zeroes" is to the first decade of the new century: an insider's memoir of a gilded era when Wall Street went insane-and took the rest of us down with it.
Randall Lane never set out to become a Wall Street power broker. But during the decade he calls the Zeroes, he started a small magazine company that put him near the white-hot center of the biggest boom in history. Almost by accident, a man who drove a beat-up Subaru and lived in a rented walk-up became the go-to guy for big shots with nine-figure incomes. Lane's saga began with a simple idea: a glossy magazine exclusively for and about traders, which would treat them like rock stars and entice them to splurge on luxury goods. "Trader Monthly" was an instant hit around the world.
Wednesday, September 8, 2010
Financial Crisis
The Federal Reserve Bank of St. Louis has put together a TIMELINE of events and policy actions involved in the current Financial Crisis starting in February 2007. Click here to view timeline.
Other websites of interest include:
A series published in the New York Times. (last updated July 12, 2010). Click here to view NYT coverage.
PBS also offers information on the global perspective. Click here to view PBS article.
World Bank and the International Monetary Fund also provide information on their respective websites.
Other websites of interest include:
A series published in the New York Times. (last updated July 12, 2010). Click here to view NYT coverage.
PBS also offers information on the global perspective. Click here to view PBS article.
World Bank and the International Monetary Fund also provide information on their respective websites.
Thursday, August 5, 2010
Once in Golconda
Occasionally a deep vein will appear in history, out of which bright personalities and their drives are reflected and magnified in the gaze of historians and journalists. One such place was New York's business society in the 1920's. Award-winning writer John Brooks writes of a time not unlike the present; doubtless few readers of Once in Golconda will fail to miss the similarities. The vast wealth inside the New York Stock exchange was territory for insiders whose missteps led them into speculative darkness, ever fewer options awaiting at each turn. His writing is succinct and colorful--masterful. He keeps one mesmerized by the descriptions of such men, specifically Richard Whitney, on track to a convergence of ambition and panic we all know as the great crash of 1929. This book appeals to anyone eager to refract recent readings on the recession, willing to examine a loss of inheritance at several angles, and inclined to see that everything connects.
Tuesday, March 2, 2010
Value Line -- Online at Beaverton Library
We now have Value Line online at the Beaverton City Library!
Yes, the answer is that we used to have it online and then we stopped. But now we have it again!
You still have to come in to use it, but the quality of the print outs are better than the photocopies, and, it's helpful if more than one person wants to use it now we can accommodate more than one user.
So, welcome back online Value line users!
Sunday, January 10, 2010
Waste Not Want Not
Living within one's means and topics of personal responsibility have been common publishing themes lately in business books. Books on raking in millions through real estate investing...not so much....
Stop Acting Rich by Thomas J Stanley 332.024 STA
You would think that our wastrel ways are over, we're erasing debt, and stocking up on savings. The reality is that not only are we spenders who barely understand the concept of frugality, we are big spenders on expensive elite brands, and we do it in an attempt to emulate the rich people we see on television, in magazines, and down the street. The recession may have caused us to take a breather, but every indication is that we will pick up right where we left off when gentler economic winds blow again. -publisher marketing
Stop Acting Rich by Thomas J Stanley 332.024 STA
You would think that our wastrel ways are over, we're erasing debt, and stocking up on savings. The reality is that not only are we spenders who barely understand the concept of frugality, we are big spenders on expensive elite brands, and we do it in an attempt to emulate the rich people we see on television, in magazines, and down the street. The recession may have caused us to take a breather, but every indication is that we will pick up right where we left off when gentler economic winds blow again. -publisher marketing
Be Thrifty by Pia Catton 332 area --On Order, click link above to place hold
"Be Thrifty" is not about being cheap; it's about being smart and self-sufficient. Drawing on the work of experts in every field, it shows how to cut food bills, credit card debt, and even cut hair to save money.
Suddenly Frugal by Leah Ingram 332 area -- On Order -- click link to place hold
A guide to help you identify small, painless changes you can make to your daily habits that can add up to big savings while bringing you closer as a family. By grouping these money-saving tips into a room of the house or errand on a to-do list, you can immediately put your suddenly frugal plan into actionaand instantly begin saving money. By pinpointing the dollar amount associated with each cost-saving step, financial whiz and mom Leah Ingram will inspire you to embrace - and enjoy - your new frugality.
The New Frugality by Chris Farrell 332.024 FAR
Drawing on his expertise as a financial reporter and his years of conversations with his public radio listeners, he provides down-to-earth, practical advice for every aspect of your financial life, including:
- how to always maintain a "margin of safety" in your spending
- the frugal home: renting vs. owning
- the two best ways to save for college
- wise debt vs. foolish debt
- why giving your money away can be "newly frugal"
- how to always maintain a "margin of safety" in your spending
- the frugal home: renting vs. owning
- the two best ways to save for college
- wise debt vs. foolish debt
- why giving your money away can be "newly frugal"
Wealth Watchers by Alice Wood 332.024 WOO
Ten years ago, Alice Wood was living a normal life, balancing her career, family, and finances with con dence. Having grown up with a father who was a bank president from the pre-branch banking era and a mother who was influenced by the Great Depression, Alice learned prudence and financial responsibility at home. After an injury, Alice encountered many new challenges; for the first time in her life she was overweight and in serious debt. Weight Watchers(R) allowed Alice to lose the weight and keep it off. Inspired by Weight Watchers'(R) daily discipline of journaling and the principle of group accountability, she decided to create a new and radically simple program to reclaim her financial stability. She called it Wealth Watchers. This simple program enabled her to meet her own financial goals and soon was helping thousands of others to do the same.
Monday, December 7, 2009
Books on the Economic Meltdown
The list of books related to the economy have been flying off the presses in the last two years. The list is so long that it can't fit on this blog, but there are longer lists available lists in the library. Here is a snapshot of four titles from the 2009-10 list:
House of Cards by William D Cohen. c2009 332.66 COH
On March 5, 2008, at 10:15 A.M., a hedge fund manager in Florida wrote a post on his investing advice Web site that included a startling statement about Bear Stearns & Co., the nation's fifth-largest investment bank: "In my book, they are insolvent." This seemed a bold and risky statement. Bear Stearns was about to announce profits of $115 million for the first quarter of 2008, had $17.3 billion in cash on hand, and, as the company incessantly boasted, had been a colossally profitable enterprise in the eighty-five years since its founding. Ten days later, Bear Stearns no longer existed, and the calamitous financial meltdown of 2008 had begun. How this happened - and why - is the subject of William D. Cohan's superb and shocking narrative. Cohan's minute-by-minute account of those ten days in March makes for breathless reading. -Publisher
In Fed we trust : Ben Bernanke's war on the great panic by David Wessel c2009 332.1109 WES
"Whatever it takes" --That was Federal Reserve Chairman Ben Bernanke's vow as the worst financial panic in more than fifty years gripped the world and he struggled to avoid the once unthinkable: a repeat of the Great Depression. Brilliant but temperamentally cautious, Bernanke researched and wrote about the causes of the Depression during his career as an academic. Then when thrust into a role as one of the most important people in the world, he was compelled to boldness by circumstances he never anticipated. (Award winning author.) –Publisher
The Match King by Frank Partnoy c2009 364.168 PAR
Ivar Kreuger, the best-liked crook that ever lived, was a Swede who operated on Wall Street during the 1920s, and his apparent suicide in 1932 coincided with the collapse of his businesses, bankrupting millions of investors. Partnoy’s research on Kreuger reveals how he cornered global markets in safety matches by raising money in the U.S. and loaning it to European governments in return for monopoly control of production and sales; he devised and sold complicated financial products, and with questionable accounting methods structured a long list of murky deals. Partnoy explains that Kreuger, while a crook, was an attractive one who created substantial wealth, revived much of post World War I Europe, and generated real profits for investors before his empire collapsed. With the current arrest of Bernard Madoff for stealing more than $60 billion from investors, we are reminded that history repeats itself. This is a timely and excellent book. -Booklist
Tyranny of dead ideas: letting go of the old ways of thinking to unleash a new prosperity by Matthew Miller c2009 330.973 MIL
If "Fortune" columnist Miller's eerily prophetic book had come out earlier, it could have served as a wakeup call for Wall Street and Washington, D.C. before the failure of several venerable financial institutions required government bailouts. The author's prescient observations make a case for how an American attitude of entitlement and outdated beliefs about government, education, taxes, corporate excess and health care threaten our national well-being and our position as a world leader. Beliefs such as Your Company Should Take Care of You, and The Kids Will Earn More than We Do are traced to their origins in the past, and are now strategies that strangle the same corporations at the expense of global competitiveness. This book offers a fair-handed critique.-Publishers Weekly
House of Cards by William D Cohen. c2009 332.66 COHOn March 5, 2008, at 10:15 A.M., a hedge fund manager in Florida wrote a post on his investing advice Web site that included a startling statement about Bear Stearns & Co., the nation's fifth-largest investment bank: "In my book, they are insolvent." This seemed a bold and risky statement. Bear Stearns was about to announce profits of $115 million for the first quarter of 2008, had $17.3 billion in cash on hand, and, as the company incessantly boasted, had been a colossally profitable enterprise in the eighty-five years since its founding. Ten days later, Bear Stearns no longer existed, and the calamitous financial meltdown of 2008 had begun. How this happened - and why - is the subject of William D. Cohan's superb and shocking narrative. Cohan's minute-by-minute account of those ten days in March makes for breathless reading. -Publisher
In Fed we trust : Ben Bernanke's war on the great panic by David Wessel c2009 332.1109 WES"Whatever it takes" --That was Federal Reserve Chairman Ben Bernanke's vow as the worst financial panic in more than fifty years gripped the world and he struggled to avoid the once unthinkable: a repeat of the Great Depression. Brilliant but temperamentally cautious, Bernanke researched and wrote about the causes of the Depression during his career as an academic. Then when thrust into a role as one of the most important people in the world, he was compelled to boldness by circumstances he never anticipated. (Award winning author.) –Publisher
The Match King by Frank Partnoy c2009 364.168 PARIvar Kreuger, the best-liked crook that ever lived, was a Swede who operated on Wall Street during the 1920s, and his apparent suicide in 1932 coincided with the collapse of his businesses, bankrupting millions of investors. Partnoy’s research on Kreuger reveals how he cornered global markets in safety matches by raising money in the U.S. and loaning it to European governments in return for monopoly control of production and sales; he devised and sold complicated financial products, and with questionable accounting methods structured a long list of murky deals. Partnoy explains that Kreuger, while a crook, was an attractive one who created substantial wealth, revived much of post World War I Europe, and generated real profits for investors before his empire collapsed. With the current arrest of Bernard Madoff for stealing more than $60 billion from investors, we are reminded that history repeats itself. This is a timely and excellent book. -Booklist
Tyranny of dead ideas: letting go of the old ways of thinking to unleash a new prosperity by Matthew Miller c2009 330.973 MILIf "Fortune" columnist Miller's eerily prophetic book had come out earlier, it could have served as a wakeup call for Wall Street and Washington, D.C. before the failure of several venerable financial institutions required government bailouts. The author's prescient observations make a case for how an American attitude of entitlement and outdated beliefs about government, education, taxes, corporate excess and health care threaten our national well-being and our position as a world leader. Beliefs such as Your Company Should Take Care of You, and The Kids Will Earn More than We Do are traced to their origins in the past, and are now strategies that strangle the same corporations at the expense of global competitiveness. This book offers a fair-handed critique.-Publishers Weekly
Look for forthcoming titles soon:
Comeback America by David Walker c2010
Freefall: America, Free Markets by Joseph Stiglitz c2010
Good Value by Stephen Green c2010
Wednesday, July 22, 2009
Historical Stock Quotes
Hello,
All of the major free online stock price services, BigCharts, Nasdaq, etc, drop historical coverage when a company's capital structure changes. This includes going private, bankruptcy, delisting from NYSE to pink sheets, etc. The Daily Stock Price Record is the best bet to avoid going through a broker. (Seattle Public Library has DSRP back to 1972 -- I do not know whether they will serve a Beaverton resident directly. Read on until you see the part about ILL) Also we can use the Wall Street Journal microfilm here. Subscription sources like CRSP, Datastream and Mergent Online will have data but they get pricy fast. Multnomah county librarians also routinely look in one of their subscriptions: New York Times Historical database -- with mixed results.
ILL could be utilized here if the quote cannot be located in the microfilm archives of WSJ, NYT, or Oregonian, or BigCharts, Nasdaq, etc, here at the Beaverton Library. Since approximately 2005 there is a drop off in printing stock quotes in the daily paper, so don't leave empty handed -- you could ask the librarian for an ILL form. Never know, maybe some nice library will look it up and do a photocopy request for you.
All of the major free online stock price services, BigCharts, Nasdaq, etc, drop historical coverage when a company's capital structure changes. This includes going private, bankruptcy, delisting from NYSE to pink sheets, etc. The Daily Stock Price Record is the best bet to avoid going through a broker. (Seattle Public Library has DSRP back to 1972 -- I do not know whether they will serve a Beaverton resident directly. Read on until you see the part about ILL) Also we can use the Wall Street Journal microfilm here. Subscription sources like CRSP, Datastream and Mergent Online will have data but they get pricy fast. Multnomah county librarians also routinely look in one of their subscriptions: New York Times Historical database -- with mixed results.
ILL could be utilized here if the quote cannot be located in the microfilm archives of WSJ, NYT, or Oregonian, or BigCharts, Nasdaq, etc, here at the Beaverton Library. Since approximately 2005 there is a drop off in printing stock quotes in the daily paper, so don't leave empty handed -- you could ask the librarian for an ILL form. Never know, maybe some nice library will look it up and do a photocopy request for you.
Thursday, July 16, 2009
Sector Analysis for Investment Clubs at the Library
Sector Analysis is a task investors do to make sense of many many smaller industries that all relate to one another. For example Energy as a sector includes Coal, Distribution, Petroleum, Power, Natual Gas, & other related lines of business.
Value Line Industry Report
Not only does Value Line have full-page reports on about 1,700 stocks, but there are also analysis on more than 90 industries. Location in Beaverton City Library on 2nd floor,
Index Table 1. Use the slim insert inside the cover of the Value Line, called Summary and Index, look at bottom half of front page, and those list page #s to the various Industries that are included in Ratings and Reports--the thicker packets.
All the company reports in The Value Line Investment Survey are grouped by industry, and at the front of each industry group is a one- or two-page Industry Report. The information contained in each Industry Report may differ considerably from one industry to another, but
there is a general format we follow. The number of industries followed in The Value Line
Investment Survey is constantly changing. As companies drop out, usually because of mergers or acquisitions, we may discontinue an industry. On the other hand, as new industries develop, we add them.
More information on page 13 of this document go into depth about Industry Sectors
http://www.valueline.com/pdf/Complete_Overview_of_VLIS_FINAL.pdf
Mergent Industry Review
Index Table 1, East side of table.
Comparative rankings within 137 industries include: Revenues; Net income; Profit margins; Assets; Returns on equity; Returns on investment; Cash position; Evaluation of stock performance; Price/earning ratios; Yields; Mergent's short- and long-term price scores
Comparative statistics include: Key business ratios on industry groups; Table of comparative statistics;
Special ranking factors on specific industries include: Size of gross/net plant; Sales per dollar of gross; Return on net plant; Capital expenditures;
Standard and Poors Industry Surveys Index Table 1 East Side of Table
Standard & Poor's Industry Surveys are the fastest way to come up to speed on the players and events impacting over fifty (50) of the largest North American and global industries. Ideal for management consultants, strategic planners, money managers, public and academic librarians, students, and business faculty; Standard & Poor's Industry Surveys enable readers to think and act like industry insiders.
Beaverton does not actually subscribe to this quarterly, as it is released. The information inside is helpful to gain an understanding of the sectors, but the Multnomah County Library kindly donates one of these sets per year to us, and it's to be used with the understanding that if you want the current quarter, you could refer to Multnomah County Central Library for that.
Hoover's Handbook of Industry Profiles 2009 will be an item we are anticipating to purchase this year. It contains 300 industries.
Business and Company Resource Center does not do current sector analysis really, but it offers reports on hundreds and hundreds of individual lines of business. What do I mean? Whereas the products listed above will roll together several types of businesses into larger, more broad catagories, Business and Company Resource Center sticks to reports on each kind, each separate from the other. Example, they don't do an Energy Sector. They do a report on Petroleum Refining. There is a report on Coal Mining. A report on Natural Gas Liquid. A report on Petroleum Extraction. But not roll them together in a sector. And their reports are filled with lots of background on industries, whereas the reports above focus on investment oriented statistics.
Value Line Industry Report
Not only does Value Line have full-page reports on about 1,700 stocks, but there are also analysis on more than 90 industries. Location in Beaverton City Library on 2nd floor,
Index Table 1. Use the slim insert inside the cover of the Value Line, called Summary and Index, look at bottom half of front page, and those list page #s to the various Industries that are included in Ratings and Reports--the thicker packets.
All the company reports in The Value Line Investment Survey are grouped by industry, and at the front of each industry group is a one- or two-page Industry Report. The information contained in each Industry Report may differ considerably from one industry to another, but
there is a general format we follow. The number of industries followed in The Value Line
Investment Survey is constantly changing. As companies drop out, usually because of mergers or acquisitions, we may discontinue an industry. On the other hand, as new industries develop, we add them.
More information on page 13 of this document go into depth about Industry Sectors
http://www.valueline.com/pdf/Complete_Overview_of_VLIS_FINAL.pdf
Mergent Industry Review
Index Table 1, East side of table.
Comparative rankings within 137 industries include: Revenues; Net income; Profit margins; Assets; Returns on equity; Returns on investment; Cash position; Evaluation of stock performance; Price/earning ratios; Yields; Mergent's short- and long-term price scores
Comparative statistics include: Key business ratios on industry groups; Table of comparative statistics;
Special ranking factors on specific industries include: Size of gross/net plant; Sales per dollar of gross; Return on net plant; Capital expenditures;
Standard and Poors Industry Surveys Index Table 1 East Side of Table
Standard & Poor's Industry Surveys are the fastest way to come up to speed on the players and events impacting over fifty (50) of the largest North American and global industries. Ideal for management consultants, strategic planners, money managers, public and academic librarians, students, and business faculty; Standard & Poor's Industry Surveys enable readers to think and act like industry insiders.
Beaverton does not actually subscribe to this quarterly, as it is released. The information inside is helpful to gain an understanding of the sectors, but the Multnomah County Library kindly donates one of these sets per year to us, and it's to be used with the understanding that if you want the current quarter, you could refer to Multnomah County Central Library for that.
Hoover's Handbook of Industry Profiles 2009 will be an item we are anticipating to purchase this year. It contains 300 industries.
Business and Company Resource Center does not do current sector analysis really, but it offers reports on hundreds and hundreds of individual lines of business. What do I mean? Whereas the products listed above will roll together several types of businesses into larger, more broad catagories, Business and Company Resource Center sticks to reports on each kind, each separate from the other. Example, they don't do an Energy Sector. They do a report on Petroleum Refining. There is a report on Coal Mining. A report on Natural Gas Liquid. A report on Petroleum Extraction. But not roll them together in a sector. And their reports are filled with lots of background on industries, whereas the reports above focus on investment oriented statistics.
Thursday, April 30, 2009
Money
Fight for Your Money: How to Stop Getting Ripped Off and Save a Fortune by David Bach, Broadway Books, March 2009
America's favorite financial coach shows how to save thousands of dollars every year by taking on the "corporate machines." From cell phone contracts to credit card bills, Bach gives consumers the tools they need to fight back and win.
Living Rich for Less: Create the Lifestyle You Want by Giving, Saving, and Spending Smart
by Ellie Kay, Waterbrook Press December 2008With lively humor, proven know-how, and practical principles for financial health, "Living Rich for Less" helps readers stretch their dollars to realize the lifestyle of their dreams.
by Ellie Kay, Waterbrook Press December 2008With lively humor, proven know-how, and practical principles for financial health, "Living Rich for Less" helps readers stretch their dollars to realize the lifestyle of their dreams.
Suze Orman, Spiegel & Grau
December 2008
December 2008
The economic crisis that struck in 2008 has left no one untouched and everybody reeling. Seemingly overnight, the financial landscape has undergone seismic changes that suddenly have you asking all kinds of questions: Are your savings safe? Should you continue to invest in your retirement account? Should you keep your home if it's worth less than what you owe or should you sell it? How do you pay your bills if you've just been laid off?
Friday, March 20, 2009
Investment Resources at Beaverton City Library
Online reports on wccls.org under Online Resources, under Business
Standard and Poor’s Stock Reports
Standard and Poor’s Stock Reports
Click on box labelled Advanced Search, then flip the Content area box to Investments and punch in ticker. We are limited to 3 users so if you get turned away, try again in a few minutes or later in the day.
Value line-We get Value Line only in paper format. We had a 5-week lapse and paper copies are have been replaced now for Ratings and Reports, Standard Edition: Jan 16, 23, 30, Feb 6, 13. But we can always print out the report at the desk of any Ratings and Reports issue that has been lost from Value Line within the 1 year period we keep them. Old Value Lines from a prior year are not kept here, and PSU keeps those.
Magazines and News
The AAII journal / The American Association of Individual Investors
Magazine Rack
Barron’s National Business and Financial Weekly
We keep 3 months worth and the neweset copy is always held at the desk. We ask for a library card or ID to use this in the library.
Better investing / National Association of Investment Clubs.
NAIC uses a well trusted method of investing.
Magazine Rack
Bob Brinker MarketTimer
Donated about the 10th of the month by an anonymous donor.
Index Table 1
Daily Graphs
Monthly subscription to NYSE and NASDAQ -comes out in the first week of the month
Index Table 1.
Hulberts Financial Digest
Index Table 1
Investor’s Business Daily
3 months In the Newspaper Rack
Kiplingers Personal Finance
Index Table 1
The Mergent Investment Package (long ago referred to as Moody's) includes:
Index table 1
- Dividend Achievers: one annual copy goes into circulation. 1 copy goes into reference each quarter
- Bond Record: updates go in the backs of the paperback issues. Each month we will receive either a bound issue or a soft issue.
- Industry Review: we keep the current two out on the industry side of the investment table.
- Dividend Record: annual issues and also monthly folder updates.
Money Magazine
Magazine Rack
Morningstar Package includes:
Index Table 1
- Morningstar Fund Investor (Monthly)
- Morningstar Stock Investor (Monthly)
2 years in Magazine rack
Standard and Poors Package includes
- Outlook
- Bond Guide
- Stock Guide
- Stock Reports -- are online only, see above, Online resources.
Index table 1
The Value Line package includes:
- The Value Line investment survey (Standard, & Small & mid-cap ed.)
- The Value line investment survey
- Value Line No Load Fund Advisor
Index table 1
2 months in the Newspapers rack.
Worth: wealth in perspective
2 years in Magazine Rack
TheStreet . com Ratings on
- Property and Casualty Insurance Companies
- Bond And Money Market Mutual Funds
- Closed End Funds
- Exchange Traded funds
- Life and Annuity Insurers
- Banks and Thrifts
- Health Insurers
Index Table 1
Index Table 1
Tuesday, December 9, 2008
Money and U.S. Culture
With the economy in such a state of turmoil, our business librarian has compiled a list of new titles that BCL has purchased concerning our current economic situation. The list includes books on Warren Buffett, the credit crisis and the financial markets. These titles are sure to be both informative and thought-provoking. Check them out!
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