Book Description
An accessible and provocative argument for a national "living wage." "The living wage campaign is the most interesting (and under-reported) grassroots enterprise to emerge since the civil rights movement."--Robert Kuttner, editor of The American Prospect. With campaigns for a living wage sweeping the country, Robert Pollin and Stephanie Luce's timely and powerful defense of its practicality and success is now available in an updated paperback edition. Hailed as "the bible of the living wage movement," The Living Wage shows how living-wage proposals are affordable for both cities and employers, and reveals how they can play an important role in reversing the twenty-five-year decline in wages experienced by most working people in America. Written by leading experts, The Living Wage is a realistic and accessible examination of this vital--and growing--movement for economic justice in the United States.
Customer Reviews:
The Bible of the Living Wage Movement.......1999-08-21
Review of The Living Wage: Building a Fair Economy by Robert Pollin and Stephanie Luce
Every so often a work of contemporary issue analysis comes along that illuminates the often-arcane world of professional activists in language that renders it accessible to the general public. In The Living Wage: Building a Fair Economy (New Press), economists Robert Pollin and Stephanie Luce have not only provided a long-overdue assessment of the fifty-plus living wage campaigns across the country, they have created an invaluable tool for the organizers currently engaged in those efforts. Since the book's printing, I've found grateful readers and dog-eared copies in campaign offices from Montana to Maryland.
Since the modern living wage movement began with the passage of the Baltimore living wage ordinance in 1994, more than twenty-five cities and counties have passed living wage laws, and campaigns are underway in over two dozen more jurisdictions, making the effort "the most interesting (and under-reported) grassroots enterprise to emerge since the civil rights movement" according to the journalist Robert Kuttner. Defenders of other political movements of the last thirty years might disagree, but there's no question that the thousands of workers who have received a raise or new benefits due to a living wage law appreciate their significance.
The campaigns, which begin with the idea that no one working full time should be forced to live in poverty, require businesses receiving public dollars to pay wages significantly above the minimum wage, usually enough to raise a family at or above the poverty level. Many organizers would prefer to cover more workers by raising the minimum wage for all jobs, but where that is not legal or politically viable, the efforts target jobs created with public dollars -- namely public employees, employees working for public contractors, and in many jurisdictions, workers employed in businesses receiving public subsidies, whether industrial revenue bonds, low-interest loans, or tax abatements.
Most of the campaigns have met with fierce resistance from both the business community and elected officials, who have fought the passage of ordinances and worked to evade them after approval. Baltimore quickly moved to hire workfare workers for city contract work immediately after the passage of is ordinance. Minneapolis has found creative ways to distribute corporate subsidies without requiring recipients to comply with the laws. Pollin and Luce, who headed the economics team that researched the cost of the Los Angeles Living Wage Ordinance, convincingly debunk opponents' claims that living wage laws add enormous costs to financially strapped municipalities and create unemployment among the very populations they are intended to help. They cite an initial study of the effects of the Baltimore ordinance by the Preamble Center for Public Policy. Based on phone interviews with contractors, Mark Weisbrot and Michelle Sforza-Roderick found that the cost of winning city contract bids did not increase after the living wage ordinance took effect. Increased worker productivity and reduced absenteeism brought on by higher wages combined with market competition for contracts to hold steady the costs to the city. In addition, no companies reported laying off workers or hiring fewer than they would have without a living wage ordinance. Overall, after two years of experience, the predictions of living wage opponents that the law would increase unemployment and raise costs to the city were not borne out.
Pollin and Luce convincingly explain the methodology they use estimate the cost of a living wage ordinance, and prove that - despite opponents' claims - the costs of ordinances is restricted to a small percentage of a municipality's budget, and propose solutions to minimize the cost even more. They demonstrate the high social value by showing that the benefits of such laws - wage increases to the lowest-wage workers - are concentrated, while the costs are diffuse, spread over the entire tax base.
The authors also produce a withering critique of the conventional business subsidy approach to economic development practiced by the federal government and imitated by most cities and states, and they persuasively examine the social costs of outsourcing by municipalities. Instead, they propose a "high-road" alternative strategy that prioritizes high wages and high productivity by investing in public schools, worker training and retention, public safety, and efficient physical infrastructure. Living wage laws complement this strategy by removing firms' incentives to compete by paying poverty wages, forcing them to compete by increasing worker productivity.
Central labor councils and affiliated locals have invested in living wage campaigns, usually in conjunction with chapters of ACORN, the New Party, and civic and religious leaders, for a variety of reasons. The efforts have proven to be an effective vehicle to organize community and religious support for raising wages for workers in many of the lowest-paid sectors. Leaders of higher-paid locals whose workers are not directly affected realize that raising the wage floor strengthens their positions during bargaining. By covering all city contracts, the living wage laws erode municipalities' incentives for contracting out. By insisting that policy initiatives be judged by their effectiveness at creating good jobs, the campaigns raise an important challenge to the conventional business subsidy model of economic development. And they broadcast labor's role as the defenders of working families - both organized and unorganized - to the media and the general public.
Pollin and Luce have produced an excellent work; reading this book and engaging in a local living wage campaign are worthy New Years' resolutions for any labor activist.
Other resources (partial list)
National contacts: ACORN, Jen Kern: (202) 547-2500 AFL-CIO, Christine Silvia: (202) 637-5177 New Party, Adam Glickman: (718) 246-3713
Local contacts: Boston Jobs and Living Wage Campaign, Lisa Clauson, (617) 436-7100 Solidarity Sponsoring Committee, Kerry Miciotto, (410) 837-3458 Chicago Living Wage Campaign, Jon Green: (312) 939-4136 Cleveland SEIU Local 47, Willie Howard, (216) 621-0995 Metropolitan Detroit AFL-CIO, Joyce Lartigue, (313) 896-2600 Duluth Coalition for a Living Wage, Erik Peterson: (218) 722-0577 Los Angeles Living Wage Coalition, Madeline Janis-Aparicio: (213) 486-9880 Maryland State Living Wage Campaign, Steve Smitson, (301) 270-0442 Campaign for a Sustainable Milwaukee, Bill Dempsey, (414) 444-0525 Minneapolis/St. Paul Living Wage Campaigns, Progressive Minnesota: (612) 641-6199 Montgomery County (MD) Living Wage Campaign, Ann Swinburn, (301) 495-7004 Missoula (MT) Living Wage Campaign, Derek Birnie: (406) 728-5297 New Haven Living Wage Campaign, Andrea Cole, (203) 624-5161 Oakland Living Wage Campaign, Jim DuPont, (510) 893-3181 Portland Jobs with Justice, Nancy Haque: (503) 236-5573 Working Partnerships USA (San Jose, CA), Robert Dhondrup: (408) 269-7872
Tom Hucker is a campaign consultant with the Progressive America Fund. He has advised living wage campaigns since 1995.
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Citation Details
Title: The Living Wage: Building a Fair Economy.(Review) (book reviews)
Author: Chuck Collins
Publication:
Sojourners (Magazine/Journal)
Date: January 1, 2000
Publisher: Sojourners
Volume: 29
Issue: 1
Page: 57
Article Type: Book Review
Distributed by Thomson Gale
Book Description
The Go-Go Years "The Go-Go Years is not to be read in the usual manner of Wall Street classics. You do not read this book to see our present situation reenacted in the past, with only the names changed. You read it because it is a wonderful description of the way things were in a different time and place." -From the Foreword by Michael Lewis The Go-Go Years is the harrowing and humorous story of the growth stocks of the 1960s and how their meteoric rise caused a multitude of small investors to thrive until the devastating market crashes in the 1970s. It was a time when greed drove the market and fast money was being made and lost as the "go-go" stocks surged and plunged. Included are the stories of such high-profile personalities as H. Ross Perot who lost $450 million in one day, Saul Steinberg's attempt to take over Chemical Bank, and the fall of America's "Last Gatsby, " Eddie Gilbert. Praise for The Go-Go Years "Those for whom the stock market is mostly a spectator sport will relish the book's verve, color, and memorable one-liners." -New York Review of Books "Please don't take The Go-Go Years too much for granted: as effortlessly as it seems to fly, it is nonetheless an unusually complex and thoughtful work of social history." -New York Times "Brooks's great contribution is his synthesis of all the elements that made the 1960s the most volatile in Wall Street history . and making so much material easily digestible for the uninitiated." -Publishers Weekly "Brooks . is about the only writer around who combines a thorough knowledge of finance with the ability to perceive behind the dance of numbers 'high, pure, moral melodrama on the themes of possession, domination, and belonging.'" -Time
Customer Reviews:
Another Fine Book by Brooks.......2006-03-05
The Go-Go Years is the history of Wall Street during the tumultuous 1960s, which saw the DJIA only briefly above 1000. This book's players include H. Ross Perot (who, according to the author lost more than $650,000,000 when the market fell at the end of the decade), conglomateurs like Ling-Temco-Vogt's Jimmy Ling, Gulf + Western's Charles Bluhdorn, and IT&T's Harold Geneen, and Peter Lynch's predecessors at Fidelity, Ned Johnston and Gerry Tsai. One interesting fact: in the latter part of the decade, the NASD closed early on Wednesdays to give the back offices of the brokerage firms time to settle trades.
It Begins And Ends With A Texan.......2004-12-19
This book begins and ends with a rather peculiar hero from Texas, H. Ross Perot, who during the smashing sixties built up a phenomenal growth company, watched a phenomenal sum of equity wealth evaporate before his eyes in a single day, and later played the role of the white knight saving a rather fickle (and foolish) damsel in distress- Wall Street's Patrician securities industry. All in all, the book took a very high-brow snapshot of one brief but heady period of financial history orchestrated and overseen by very low-brow types masquerading as new wealth Gatsbys, high performance quants, hot-hand gunslingers, and (anything but) 'Proper' Bostonian businessmen. It is an odd mix relayed to us in the droll but refined and witty style of the late Mr. Brooks.
They say that history repeats itself, and this book is Exhibit A. All of the ills of today can be found within its pages chronicling yesterday- corporate hucksters and frauds, technology stock enthusiasts, drugs (hard and soft, legal and illegal) on The Street, hot-today-but-gone-tomorrow fund pros, and a whole host of other ills. Change the names, dates and places and one would think that one is reading today's news.
My favorite part of the book is the old refrain that all whistleblowers inevitably hear, and occurs on page 45 of the second chapter entitled 'Fair Exchange' (again, now as well as then, anything but). The regulator asks our erstwhile whistleblowing hero, "Now what do you know about what's going on upstairs?" Thoughts of Enron and MCI, Tyco and the FBI spring readily to mind...
While Peter Lynch lures the gullible investor with the notion that the novice has an advantage over the professional, Mr. Brooks, after recalling 355 pages of bawdy and rapacious greed and gambling during the 1960s Go-Go years, admonishes the reader with the following words of caution:
"Thus, in the nature of things, the amateur investor remains and probably will remain at a certain disadvantage in relation to the professional. Perhaps his best protection is knowledge of that fact itself."
Plus ca change, as the French say, or, the more things change the more they stay the same. There is really nothing new in the 'creative accounting' adopted, the wholesale manipulation of naive investors, stock price manipulation, and mind-boggling messes in both corporate boardrooms and so-called 'securities boutiques'. The financial dance always begins and ends in the same way, with the same old characters screaming for blood, the same old participants battered, bruised and bloodied, and the same tired old refrains for reform. And yet the dance begins anew, the past a dim and bittersweet after-taste.
Though somewhat difficult to read because of the author's high brow presentation style, it nonetheless deserves to be read for both enjoyment and enlightenment. All of the usual suspects and standard props of financial foolishness throughout the ages will be found here, but the characters who peppered this particular 'New Era' in US financial and economic history are beyond a doubt unique. Who would have thought that reading about yesterday could be so informative about today?
Caveat emptor, people. Buyer beware.
Colorful Tales of Wall Street Glory and Shame.......2003-12-20
"The Go-Go Years" is a largely a collection of New Yorker magazine articles (and some pieces written especially for the book) by John Brooks, who in it covers a crucial period in the history of Wall Street, the 1960s, which includes the rise of conglomerates, mutual funds, and hedge funds, i.e. players at the heart of our economic situation today. Reading this book is instructive for that alone.
But the book is far more than a prescient account of today's market forces. It's a vivid rogues gallery of people who rode the tides of fortune, had their days at the crest of their profession, and then fell back. Some, like stockpicker extraordinaire Gerald Tsai, the first Asian to rise to NYSE prominence, were undone by fortune and circumstance. Other less savory characters had only themselves to blame.
There's an early look at Ross Perot, described vividly at the book's outset as losing a half-billion in a single day (April 22, 1970) and more or less shrugging it off. Perot's priorities were solid and he knew what he was about. Not so Eddie Gilbert, "The Last Gatsby" as Brooks calls him, who parlays small victories into outrageous defeats, dragging along a coterie of privileged friends into more and more nefarious investment schemes. Brooks sees Gilbert's get-rich-quick attitude as too emblematic of Wall Street in the 1960s, and his narrative never tires of pointing these out.
Brooks' elegant prose has a way of leaping out at you without disrupting the narrative flow. About the trend for all investment strategy to come unglued: "The dumb money could take bitter comfort in the company it had among the smartest of the smart money - or former money." On Tsai: "...so swift and nimble in getting into and out of specific stocks that his relations with them, far from resembling a marriage or even a companionate marriage, were more often like that of a roué with a chorus line." On the numerous bailouts undertaken by the Street as the '60s went sour: "Save the broker in order to serve the customer: it was Wall Street's version of the trickle-down theory."
Brooks's writing feels timeless. His is a lapidary style of almost accidental eloquence, blending facts in a seamless way as he tells his tale. It's like Roger Angell's baseball writings for the same magazine - I kept thinking about Angell's great essays in "The Summer Game," which focuses on roughly the same period as "The Go-Go Years," albeit on a different sport.
While Brooks's disapproval with Wall Street in the 1960s is obvious, and his genteel liberal disdain for a status quo that allows the market to manage itself shows up now and again, he never loses his focus on the people, and allows them to breathe in his narrative. He doesn't quote from them much, but he obviously spoke to many of the principals at length and weaves their insights into the story. As much as the then-nascent trend toward conglomeratization bothers him, he allows himself to show some sympathy for one of its more outrageous practitioners, Saul Steinberg, who in one of the best chapters finds himself thwarted by the bluebloods while attempting to acquire Chemical Bank. "I always knew there was an Establishment - I just used to think I was a part of it," Steinberg says.
It's not a connect-the-dots style history of Wall Street in the 1960s. It's too episodic for that. But if you are studying the facts and figures of the Go-Go Years and want a deeper look, or simply enjoy the human drama all-too-often overlooked in American business journalism, "The Go-Go Years" is a book that has only appreciated in value over time.
Outstanding Review of the 1960's Boom and Bust.......2000-12-18
Wiley Investment Classics typically fall into two categories, fascinating troves of banking wisdom that are well-written and insightful, and painful diatribes that while full of good intention are best put on the shelf for display. "The Go-Go Years" is definitely the former - this is an incredibly well written book about what has really become one of the forgotten times in American financial history. While the booom of the 1920's and resulting crash, as well as the excess of the 1980's are frequent subjects of many financial authors, Brooks has picked a relatively infrequently discussed portion of our financial history, the booming 1960's and the resulting crash of the early 1970's.
There are many outstanding sections of the book; the introduction to Ross Perot in the first chapter, the history of Gerald Tsai and Fidelity, the rise and fall of the conglomerates, the description of the back-office and its staff, and finally the description of Wall Street that begins Chapter 5, which is without question the best description of the area ever written. These few pages (104 - 111) are simply an outstanding piece of prose.
There are just too many good things about this book to fit into a 1,000 word review. Too many of the lessons from only 40 years ago are maddeningly similar to the lessons many dot-com and IPO investors are learning now, and the structure and actions of many Wall Street establishments are all too easily explained with this simple peace of previously "missing" history. If you are up to date on the current view of the 1929 collapse, and the bull market of the 1980's, then this is the book that goes a long way towards filling out the major events that shaped the markets in the interim.
Go read this book.
Favorite Excerpts:
"Goaded by stock underwriters eager for commissions or a piece of the action owners of family businesses from coast to coast - laundry chains, soap-dish manfacturers, anything - would sell stock in their enterprises on the strength of little but bad news and big promises." - Brooks (page 28)
"Some accused him of being a habitual liar; they forgave him because he seemed geniunely to believe his lies, especially those about himself and his past." - Brooks (page 63)
"In the nineteen twenties, Wall Street's last great era before the present one, it was a kind of super university as well as a marketplace." - Brooks (page 105)
"'We were all sheep,' one of them would admit, sheepishly, years later." - Brooks (page 120)
"A smooth operator with a streak of the gambler; a company more interested in attracting investors than in making real profits; the resort to tricky accounting; the eager complicity of long-established, supposedly conservative investing institutions; the desperation plunge in a gambling casino at the last minute; the need for massive central-banking action to localize the disaster; and finally, reform measures instituted too late - we will see all of these elements reproduced with uncanny faithfulness in United States financial scandals and mishaps later in the nineteen sixties." (page 125 - 126)
"Economics have never been my strongpoint" - Salinger (page 273)
The Go-Go Years.......2000-07-19
This book has good insights into the Wall Street of the 1960's. This was the period of time most similar to the present (not identical) regarding the boom in tech stocks and new issues. Brooks has some interesting insights into the players in that period of time and what went wrong.
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PARASITE BIODIVERSITY
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- Great attention to details
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* Speech coding is a highly mature branch of signal processing deployed in products such as cellular phones, communication devices, and more recently, voice over internet protocol
* This book collects many of the techniques used in speech coding and presents them in an accessible fashion
* Emphasizes the foundation and evolution of standardized speech coders, covering standards from 1984 to the present
* The theory behind the applications is thoroughly analyzed and proved
Customer Reviews:
Can be considered "the rationale" for speech coding standards.......2006-09-10
This books serves as an excellent bridge between speech coding standards and speech coding research publications. It does not seek to cover every existing topic in speech coding, but presents analysis and background of some of the most successful speech coding standards. Many "whys" that come to mind reading those standards are addressed. Carefully compliled illustrations accompany almost every important concept presented. This makes cover-to-cover reading of this book a pleasure.
Great attention to details.......2004-03-22
I appreciate very much the amount of figures and simulation results presented in this book; also, the pseudocodes throughout the book helps in the understanding and implementation. In addition, the exercises complement very well with the text. I highly recommend this book to those interested in speech coding.
This is a comprehensive book on speech coding.......2003-11-16
This is a very good book on speech coding, especially focus on CELP coders. Many kinds of CELP coders are introduced in detail. If you are beginner on speech coding, this book is for you. But other coders, such as MBE and WI, are not presented. So I don't think it is a comprehensive book. I give it 4 stars.
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Cliffs Notes on Shakespeare's Sonnets
Carl Senna
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The Art of Shakespeare's Sonnets
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Hamlet (Cliffs Notes)
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Henry V (Cliffs Notes)
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The Merchant of Venice (Cliffs Notes)
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The Canterbury Tales (Cliffs Notes)
ASIN: 0764586173 |
Book Description
Numbering more than 150, Shakespeare's sonnets have contributed significantly to discussions of the elusive character of the Bard. While most of the poems are addressed to a young man, others invoke the renowned Dark Lady. Each sonnet is interpreted, focusing on language particular to the poem, as well as on how the sonnet form furthers meaning. In addition, Shakespeare's major themes of love and beauty; mutability; and time and immortality are explored.
Customer Reviews:
Easy to understand.......2004-01-12
A good source for the basic student new to Shakespeare. It helps clarify and answer questions. Doesn't go too far in depth and over the head of the student.
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- IT'S THE BEST HELP TO THE BEST OF SHAKESPEARE'S POETRY!
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Shakespeare's Sonnets (Cliffs Notes)
Manufacturer: Cliffs Notes
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ASIN: 0822000776 |
Book Description
Often called the greatest poetic body of all time, Shakespeare's sonnets touch on all aspects of life. From the practical to the ethereal, from time to love, his words ring true for any living and feeling human being.
Customer Reviews:
IT'S THE BEST HELP TO THE BEST OF SHAKESPEARE'S POETRY!.......2000-07-31
I used a variety of sonnets at my high school speech contest for my poetry contest. As hard as shakespeare is to understand, and interpret, i needed some help. I bought the cliffs notes to help me. They helped me understand so much. I would have been lost without them. Besides summarizing the sonnet, the Cliffsnotes provided real insight to the interpretation and meaning of Good ol' Willy. When we had discussions in english class, i already knew everything. But they were the most help to me when i competed with them. Without them, i could not have been state champion in Poetry last year...the four dollars you pay is so worth it. I would have payed forty. If you need any help at all to understanding the beautiful language of the Shakespeare, these Cliffsnotes will do that for you.
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Shakespeare's the Sonnets (Monarch Notes & Study Guides)
William Shakespeare
Manufacturer: Monarch Press
ProductGroup: Book
Binding: Paperback
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ASIN: 0671006533 |
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