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While America Aged by Roger Lowenstein [Hardcover 2008] Brand New

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N.º de artículo de eBay:264656515780
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Características del artículo

Estado
Nuevo: Libro nuevo, sin usar y sin leer, que está en perfecto estado; incluye todas las páginas sin ...
Narrative Type
Nonfiction
Country/Region of Manufacture
United States
Features
Dust Jacket
Original Language
English
Series
While America Aged
Subjects
Business, Economics & Industry
Special Attributes
Dust Jacket
ISBN
9781594201677

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Product Identifiers

Publisher
Penguin Publishing Group
ISBN-10
1594201676
ISBN-13
9781594201677
eBay Product ID (ePID)
63884985

Product Key Features

Book Title
While America Aged : How Pension Debts Ruined General Motors, Stopped the NYC Subways, Bankrupted San Diego, and Loom as the Next Financial Crisis
Number of Pages
288 Pages
Language
English
Publication Year
2008
Topic
Pension Law, Finance / General, Personal Finance / Retirement Planning
Genre
Law, Business & Economics
Author
Roger Lowenstein
Format
Hardcover

Dimensions

Item Height
1.1 in
Item Weight
18 Oz
Item Length
9.5 in
Item Width
6.4 in

Additional Product Features

Intended Audience
Trade
LCCN
2007-042508
Reviews
" Financial journalist Roger Lowenstein uses the stories of three deeply encumbered institutions . . . as examples not only of the way most individual Americans conduct their personal finances, but also of how the country as a whole has long lived beyond its means. . . . Gripping." -Phillip Longman, The Washington Post
Dewey Edition
22
Grade From
Twelfth Grade
Dewey Decimal
331.25/240973
Grade To
UP
Synopsis
"While America Aged" illuminates the scope of the problem we re facing, and warns that the worst is yet to come. With the narrative flair and talent for decoding financial ambiguities that readers have come to rely on, Lowenstein brilliantly chronicles three fascinating pension cases: the collapse of the over-obligated General Motors, the pension strike that halted New York City s subways and effectively shut down the city, and the scandalous bankrupting of the affluent corner of Southern California, the city of San Diego. Not only compelling historical sagas rich with detail and unforgettable characters, each story also acts as an object lesson. Lowenstein warns that these pension wars are only the beginning of the retirement and healthcare crisis we will face if we don t find ways to address this latest moral hazard. Governments and corporations across the country used pensions as a seemingly easy way to curry favor with unions (easy because the expense would be deferred until a later generation). But now, with cumulative retirement deficits approaching $1 trillion, the day of reckoning has arrived.Is there a way out? Lowenstein recognizes that fixing pensions will be difficult but securing retirement is a critical issue especially in our rapidly aging country and he proposes a cogent solution to the impending crisis. Masterfully written and convincingly argued, "While America Aged" is a timely and crucial wake-up call to a pension damaged America.", From the bestselling author of "Buffett" and "Origins of the Crash" comes a wake-up call to the pension and retirement crisis facing America and the road map for a way out., From the bestselling author of "Buffett, When Genius Failed," and "Origins of the Crash," a wake-up call to the pension and retirement crisis facing America and the road map for a way out In "While America Aged," bestselling author Roger Lowenstein explains how corporations and governments ran up ruinous pension and health-care promises to workersapromises that are now coming due and that will hit America like a tsunami if nothing is done. Negotiating high benefits means gambling with future financesaand when the farm gets sold out from underneath major corporations or public institutions, it affects all of us, and in ways we might not imagine. With his trademark narrative panache, Lowenstein unravels the truth about how pensions work in America and illuminates the impending crisis. "While America Aged" is comprised of three fascinating case studiesa each an object lesson and a compelling historical saga. The first goes back to the early days of the United Auto Workers and its crusading leader, Walter Reuther, to tell the story of how pensions and health-care obligations destroyed the American auto industry, in particular General Motors. Lowenstein then shifts the scene to New York City to tell the story of the rise of public pensions and public sector unions through the vehicle of the Communist-led Transport Workers Union. Once again, justifiable benefits were followed by outrageous ones, such as the right to retire at age fifty. The saga reached a dramatic climax in 2005, when workers responded to proposed pension cutbacks with a massive strike that brought New Yorkas subways and buses to a screeching halt days before Christmas. In the concluding episode, Lowensteinvisits a metropolis even more reckless in doling out benefitsaSan Diego. Desperate not to impose higher taxes, city officials in this highly conservative enclave cut a series of deals with unions to short-change the retirement system and use pension funds to run the city. A massive scandal ensuedatwo mayors resigned, officials were indicted, and San Diego lost its bond rating. Lowenstein warns that the pension wars that erupted in Detroit, New York City, and San Diego are only the first. But he also recognizes that workers are entitled to decent security in their retirementaa critical problem as the country ages. "While America Aged" explains how we came to this crisis, and it also proposes a way out. Arming readers with knowledge of the consequences of doing nothing, "While America Aged," first and foremost, a call to action., While America Aged illuminates the scope of the problem we're facing, and warns that the worst is yet to come. With the narrative flair and talent for decoding financial ambiguities that readers have come to rely on, Lowenstein brilliantly chronicles three fascinating pension cases: the collapse of the over-obligated General Motors, the pension strike that halted New York City's subways and effectively shut down the city, and the scandalous bankrupting of the affluent corner of Southern California, the city of San Diego. Not only compelling historical sagas rich with detail and unforgettable characters, each story also acts as an object lesson. Lowenstein warns that these pension wars are only the beginning of the retirement and healthcare crisis we will face if we don't find ways to address this latest moral hazard. Governments and corporations across the country used pensions as a seemingly easy way to curry favor with unions (easy because the expense would be deferred until a later generation). But now, with cumulative retirement deficits approaching $1 trillion, the day of reckoning has arrived. Is there a way out? Lowenstein recognizes that fixing pensions will be difficult but securing retirement is a critical issue-especially in our rapidly aging country-and he proposes a cogent solution to the impending crisis. Masterfully written and convincingly argued, While America Aged is a timely and crucial wake-up call to a pension damaged America.
LC Classification Number
HD7125.L68 2008

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