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Bas Jan Ader
￥141.26
On July 9, 1975, Dutch-born artist Bas Jan Ader set sail from Chatham, Massachusetts, on a thirteen-foot sailboat. He was bound for Falmouth, England, on the second leg of a three-part piece titled In Search of the Miraculous. The damaged boat was found south of the western tip of Ireland nearly a year later. Ader was never seen again.?Since his untimely death, Ader has achieved mythic status in the art world as a figure literally willing to die for his art. Considering the artist's legacy and concise oeuvre beyond the romantic and tragic associations that accompany his peculiar end, Alexander Dumbadze resituates Ader's art and life within the conceptual art world of Los Angeles in the early 1970s and offers a nuanced argument about artistic subjectivity that explains Ader's tremendous relevance to contemporary art.?Bas Jan Ader blends biography, theoretical reflection, and archival research to draw a detailed picture of the world in which Ader's work was rooted: a vibrant international art scene populated with peers such as Ger van Elk, William Leavitt, and Allen Ruppersberg. Dumbadze looks closely at Ader's engagement with questions of free will and his ultimate success in creating art untainted by mediation. The first in-depth study of this enigmatic conceptual artist, Bas Jan Ader is a thoughtful reflection on the necessity of the creative act and its inescapable relation to death.
Maze Maker
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"e;I address you across more than three thousand years, you who live at the conjunction of the Fish and the Water-carrier,"e; speaks Daedalus, an artisan, inventor, and designer born into an utterly alien family of heroes who value acts of war above all else, a world where his fellow Greeks seem driven only to destroy-an existence he feels compelled to escape.In this fictional autobiography of the father of Icarus, "e;Apollo's creature,"e; a brilliant but flawed man, writer and sculptor Michael Ayrton harnesses the tales of the past to mold a myth for our times. We learn of Daedalus's increasingly ambitious artifacts and inventions; his fascination with Minoan culture, commerce, and religion, and his efforts to adapt to them; how he comes to design the maze of the horned Minotaur; and how, when he decides that he must flee yet again, he builds two sets of wax wings-wings that will be instruments of his descent into the underworld, a place of both purgatory and rebirth.A compelling mix of history, fable, lore, and meditations on the enigma of art, The Maze Maker will ensnare classicists, artists, and all lovers of story in its convolutions of life and legend. "e;I never understood the pattern of my life,"e; writes Daedalus, "e;so that I have blundered through it in a maze."e;
Third City
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Our traditional image of Chicago-as a gritty metropolis carved into ethnically defined enclaves where the game of machine politics overshadows its ends-is such a powerful shaper of the city's identity that many of its closest observers fail to notice that a new Chicago has emerged over the past two decades. Larry Bennett here tackles some of our more commonly held ideas about the Windy City-inherited from such icons as Theodore Dreiser, Carl Sandburg, Daniel Burnham, Robert Park, Sara Paretsky, and Mike Royko-with the goal of better understanding Chicago as it is now: the third city.Bennett calls contemporary Chicago the third city to distinguish it from its two predecessors: the first city, a sprawling industrial center whose historical arc ran from the Civil War to the Great Depression; and the second city, the Rustbelt exemplar of the period from around 1950 to 1990. The third city features a dramatically revitalized urban core, a shifting population mix that includes new immigrant streams, and a growing number of middle-class professionals working in new economy sectors. It is also a city utterly transformed by the top-to-bottom reconstruction of public housing developments and the ambitious provision of public works like Millennium Park. It is, according to Bennett, a work in progress spearheaded by Richard M. Daley, a self-consciously innovative mayor whose strategy of neighborhood revitalization and urban renewal is a prototype of city governance for the twenty-first century. The Third City ultimately contends that to understand Chicago under Daley's charge is to understand what metropolitan life across North America may well look like in the coming decades.
This New Yet Unapproachable America
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Stanley Cavell is a titan of the academic world; his work in aesthetics and philosophy has shaped both fields in the United States over the past forty years. In this brief yet enlightening collection of lectures, Cavell investigates the work of two of his most tried-and-true subjects: Emerson and Wittgenstein. Beginning with an introductory essay that places his own work in a philosophical and historical context, Cavell guides his reader through his thought process when composing and editing his lectures while making larger claims about the influence of institutions on philosophers, and the idea of progress within the discipline of philosophy. In "e;Declining Decline,"e; Cavell explains how language modifies human existence, looking specifically at the culture of Wittgenstein's writings. He draws on Emerson, Thoreau, and many others to make his case that Wittgenstein can indeed be viewed as a "e;philosopher of culture."e; In his final lecture, "e;Finding as Founding,"e; Cavell writes in response to Emerson's "e;Experience,"e; and explores the tension between the philosopher and language-that he or she must embrace language as his or her?"e;form of life,"e; while at the same time surpassing its restrictions. He compares finding new ideas to discovering a previously unknown land in an essay that unabashedly celebrates the power and joy of philosophical thought.?
Simone
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Eduardo Lalo is one of the most vital and unique voices of Latin American literature, but his work is relatively little known in the English-speaking world. That changes now: this masterful translation of his most celebrated novel, Simone-which won the 2013 Romulo Gallegos International Novel Prize-will introduce an English-language audience to this extraordinary literary talent.A tale of alienation, love, suspense, imagination, and literature set on the streets of San Juan, Puerto Rico, Simone tells the story of a self-educated Chinese immigrant student courting (and stalking) a disillusioned, unnamed writer who is struggling to make a name for himself in a place that is not exactly a hotbed of literary fame. By turns solipsistic and political, romantic and dark, Simone begins with the writer's frustrated, satiric observations on his native city and the banal life of the university where he teaches-forces utterly at odds with the sensuality of his writing. But, as mysterious messages and literary clues begin to appear-scrawled on sidewalks and walls, inside volumes set out in bookstores, left on his answering machine and under his windshield wiper-Simone progresses into a cat-and-mouse game between the writer and his mystery stalker. When the eponymous Simone's identity is at last revealed, the writer finds in the life of this Chinese immigrant a plight not unlike his own. Traumatized and lonely, the pair moves towards bittersweet collaborations in passion, grief, and art.
Long Shadow of Little Rock
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At an event honoring Daisy Bates as 1990's Distinguished Citizen then-governor Bill Clinton called her "e;the most distinguished Arkansas citizen of all time."e; Her classic account of the 1957 Little Rock School Crisis, The Long Shadow of Little Rock, couldn't be found on most bookstore shelves in 1962 and was banned throughout the South. In 1988, after the University of Arkansas Press reprinted it, it won an American Book Award. On September 3, 1957, Gov. Orval Faubus called out the National Guard to surround all-white Central High School and prevent the entry of nine black students, challenging the Supreme Court's 1954 order to integrate all public schools. On September 25, Daisy Bates, an official of the NAACP in Arkansas, led the nine children into the school with the help of federal troops sent by President Eisenhower-the first time in eighty-one years that a president had dispatched troops to the South to protect the constitutional rights of black Americans. This new edition of Bates's own story about these historic events is being issued to coincide with the fiftieth anniversary of the Little Rock School crisis in 2007.
The Governator
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Who is the real Arnold SchwarzeneggerInvestigative journalist and number one New York Times bestselling author Ian Halperin reveals the true and untold story about this larger-than-life and often outrageous figure From his childhood in Austria to his rise as a star ofAmerican conservative politics, the story of ArnoldSchwarzenegger life reads like the * of a HollywoodB-movie penned by Horatio Alger. In this exclusivepeek behind the curtain, award-winning scoop hunterIan Halperin wades through the myths and rumors todiscover the real Arnold behind the icon, a man definedby unbridled ambition and an unending quest for power. Based on extensive research, undercover forays, andcandid interviews with many of the Terminator closefriends and peers, Halperin brings the myth to life with: a riveting journey through Schwarzenegger pastto explore his relationship with his abusive father andhis feelings toward the Nazi party. insights into the shadowy world of bodybuildingand Schwarzenegger early steroid use. an investigation of Schwarzenegger reputation asa bully and a womanizer, including his alleged affairs and public accusations of sexual harassment behavior that earned him the nickname the Groper.an in-depth look at his long-standing fascination withthe Kennedys and his remarkably seamless assimilation into his wife fabled family. a detailed look into Maria startling weight loss. an analysis of Schwarzenegger political career,revealing him to be a surprisingly effective and talentedgovernor. the behind-the-scenes machinations of the Kennedyfamily to influence Schwarzenegger political agenda. And finally Halperin uncovers the never-before-told details of an incredible and audacious plan for Schwarzenegger to attempt to rewrite the Constitution and run for president of the United States.
Shonen Manga
￥145.91
A step-by-step guide to all the tricks-both freehand and digital-to creating the best manga characters, Shonen Manga is a fun, easy to read manga manual for artists of all ages and languages. Focusing on Shonen-style manga and anime (a genre targeting young boys-”Shonen” means young boy, referring to elementary through grade school age groups), Shonen Manga is a practical, hands-on guide to learning the skills of action-packed drawing. It includes detailed information on how to apply digital colour, 3D designs, vectorial drawing, and a host of other fascinating and useful design applications. Each project in Shonen Manga includes step-by-step instructions specifying software, tools, and professional tricks to achieve the gritty eyes, roaring faces, and clenched fists of teen heroes, martial art masters, ninja girls, and violent samurai, integral to the Shonen genre. Shonen Manga will walk an audience of manga artists, illustrators, and graphic designers through the basic stages of manga production, beginning with black-and-white sketches and ending with vibrant, fully costumed characters.
Aggers’ Ashes
￥146.27
An inside account of England’s Ashes triumph in Australia 2010/11. England’s much celebrated Ashes win by two clear matches with three comprehensive innings victories must rank as one of the finest of any English cricket team from any era. It kept people at home glued to their televisions, computers and radios – often all three at the same time – long into the night as the bitter winter and a depressed economy were forced into the background by the sheer joy and exhilaration of giving the old enemy a trouncing. It had been twenty-two years since a touring side won three Tests in Australia and twenty-four since the Ashes were last won on Australian soil. The current England team bears worthy comparison with some of the legendary teams of the past, captained by greats like Brearley, Hutton and Jardine. Andrew Strauss with back-to-back Ashes wins can now sit amongst that illustrious company. From the first ball of the tour in Perth to a closing rendition of the infamous ‘Sprinkler Dance’ on the outfield in Sydney some two months later – a clip that received some 250,000 hits in just three days – one person was there throughout, BBC Cricket Correspondent Jonathan Agnew, better known to his legion of Test Match Special fans as ‘Aggers’. Following the success of his last book Thanks, Johnners, Agnew has written a highly personal diary of his experiences in Australia. Whether he is sharing late night conversations in the bar with England coach Andy Flower, exchanging banter with new TMS recruit Michael Vaughan or keeping cricket junkies around the world sated with his daily Twitter feed, Aggers brings his unique sense of theatre and excitement to every day’s proceedings. With additional contributions from the best BBC cricket bloggers and the resident TMS statistician, Aggers Ashes is the only companion you will need to relive those glorious days when history was made Down Under.
Gavin Henson: My Grand Slam Year
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Silver boots, perma-tanned skin, shaven legs and gravity-defying red spikes in his hair – Gavin Henson is Wales’s hottest new celeb and rugby’s golden boy. This is his story of a momentous year in rugby, starting with an epic Six Nations Grand Slam for Wales, followed by the toughest of all tours, the British Lions in New Zealand. After kicking the 50-yard goal that sent England to shock defeat in the 2005 Six Nations, the 23-year-old Gavin Henson demonstrated that here, at last, was a Welsh sportsman who was ready to put his proud rugby nation back on the world map. Wales’s Grand Slam triumph – their first since 1978 – was done the hard way, with dramatic victories against the world champions followed by France in Paris, and climaxing in the Millennium stadium against Ireland, amid a crescendo of noise and passion-fuelled expectation. The flamboyant Henson relives those special moments on and off the field: the build-up to the games and the stories from within the inner sanctum of the Welsh dressing room; the pressure of suddenly becoming favourites to win the trophy; the nail-biting victories over England and France; and the moment when Henson knew that life would never be the same again. Fast forward to summer 2005. Wales’s No 12, the inside-centre whose clever running, booming kicks and crunching tackling make him a genuine all-rounder, is the favourite to play alongside captain and Irish phenomenon Brian O’Driscoll in the Lions team against the All Blacks in this most eagerly awaited clash of the Northern and Southern hemispheres. Henson’s insight into this defining tour, his views on coach Clive Woodward and his home nation colleagues (including a fit-again Jonny Wilkinson), and the eye-opening stories away from the rugby – plus all the other highlights of an unprecedented season for Wales’s new generation of talent – will make this book essential reading for the autumn.
Dawn of Green
￥147.15
Located in the heart of England's Lake District, the placid waters of Thirlmere seem to be the embodiment of pastoral beauty. But under their calm surface lurks the legacy of a nineteenth-century conflict that pitted industrial progress against natural conservation-and helped launch the environmental movement as we know it. Purchased by the city of Manchester in the 1870s, Thirlmere was dammed and converted into a reservoir, its water piped one hundred miles south to the burgeoning industrial city and its workforce. This feat of civil engineering-and of natural resource diversion-inspired one of the first environmental struggles of modern times. The Dawn of Green re-creates the battle for Thirlmere and the clashes between conservationists who wished to preserve the lake and developers eager to supply the needs of a growing urban population. Bringing to vivid life the colorful and strong-minded characters who populated both sides of the debate, noted historian Harriet Ritvo revisits notions of the natural promulgated by romantic poets, recreationists, resource managers, and industrial developers to establish Thirlmere as the template for subsequent-and continuing-environmental struggles.
Great Prince Died
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On August 20, 1940, Marxist philosopher, politician, and revolutionary Leon Trotsky was attacked with an ice axe in his home in Coyoacan, Mexico. He died the next day.In The Great Prince Died, Bernard Wolfe offers his lyrical, fictionalized account of Trotsky's assassination as witnessed through the eyes of an array of characters: the young American student helping to translate the exiled Trotsky's work (and to guard him), the Mexican police chief, a Rumanian revolutionary, the assassin and his handlers, a poor Mexican "e;pen,"e; and Trotsky himself. Drawing on his own experiences working as the exiled Trotsky's secretary and bodyguard and mixing in digressions on Mexican culture, Stalinist tactics, and Bolshevik history, Wolfe interweaves fantasy and fact, delusion and journalistic reporting to create one of the great political novels of the past century.
Western Flyer
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In January 2010, the Gemini was moored in the Swinomish Slough on a Native American reservation near Anacortes, Washington. Unbeknownst to almost everyone, the rusted and dilapidated boat was in fact the most famous fishing vessel ever to have sailed: the original Western Flyer, immortalized in John Steinbeck's nonfiction classic The Log from the Sea of Cortez.In this book, Kevin M. Bailey resurrects this forgotten witness to the changing tides of Pacific fisheries. He draws on the Steinbeck archives, interviews with family members of crew, and more than three decades of working in Pacific Northwest fisheries to trace the depletion of marine life through the voyages of a single ship. After Steinbeck and his friend Ed Ricketts-a pioneer in the study of the West Coast's diverse sea life and the inspiration behind "e;Doc"e; in Cannery Row-chartered the boat for their now-famous 1940 expedition, the Western Flyer returned to its life as a sardine seiner in California. But when the sardine fishery in Monterey collapsed, the boat moved on: fishing for Pacific ocean perch off Washington, king crab in the Bering Sea off Alaska, and finally wild Pacific salmon-all industries that would also face collapse.As the Western Flyer herself faces an uncertain future-a businessman has bought her, intending to bring the boat to Salinas, California, and turn it into a restaurant feature just blocks from Steinbeck's grave-debates about the status of the California sardine, and of West Coast fisheries generally, have resurfaced. A compelling and timely tale of a boat and the people it carried, of fisheries exploited, and of fortunes won and lost, The Western Flyer is environmental history at its best: a journey through time and across the sea, charting the ebb and flow of the cobalt waters of the Pacific coast.
Nut Country
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On the morning of November 22, 1963, President Kennedy told Jackie as they started for Dallas, "e;We're heading into nut country today."e; That day's events ultimately obscured and revealed just how right he was: Oswald was a lone gunman, but the city that surrounded him was full of people who hated Kennedy and everything he stood for, led by a powerful group of ultraconservatives who would eventually remake the Republican party in their own image.In Nut Country, Edward H. Miller tells the story of that transformation, showing how a group of influential far-right businessmen, religious leaders, and political operatives developed a potent mix of hardline anticommunism, biblical literalism, and racism to generate a violent populism-and widespread power. Though those figures were seen as extreme in Texas and elsewhere, mainstream Republicans nonetheless found themselves forced to make alliances, or tack to the right on topics like segregation. As racial resentment came to fuel the national Republican party's divisive but effective "e;Southern Strategy,"e; the power of the extreme conservatives rooted in Texas only grew.Drawing direct lines from Dallas to DC, Miller's captivating history offers a fresh understanding of the rise of the new Republican Party and the apocalyptic language, conspiracy theories, and ideological rigidity that remain potent features of our politics today.
Reel to Reel
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Reel to Reel, Alan Shapiro's twelfth collection of poetry, moves outward from the intimate spaces of family and romantic life to embrace not only the human realm of politics and culture but also the natural world, and even the outer spaces of the cosmos itself. In language richly nuanced yet accessible, these poems inhabit and explore fundamental questions of existence, such as time, mortality, consciousness, and matter. How did we get hereWhy is there something rather than nothingHow do we live fully and lovingly as conscious creatures in an unconscious universe with no ultimate purpose or destination beyond returning to the abyss that spawned usShapiro brings his humor, imaginative intensity, characteristic syntactical energy, and generous heart to bear on these ultimate mysteries. In ways few poets have done, he writes from a premodern, primal sense of wonder about our postmodern world.
Hidden Wealth of Nations
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We are well aware of the rise of the 1% as the rapid growth of economic inequality has put the majority of the world's wealth in the pockets of fewer and fewer. One much-discussed solution to this imbalance is to significantly increase the rate at which we tax the wealthy. But with an enormous amount of the world's wealth hidden in tax havens-in countries like Switzerland, Luxembourg, and the Cayman Islands-this wealth cannot be fully accounted for and taxed fairly. No one, from economists to bankers to politicians, has been able to quantify exactly how much of the world's assets are currently hidden-until now. Gabriel Zucman is the first economist to offer reliable insight into the actual extent of the world's money held in tax havens. And it's staggering.In The Hidden Wealth of Nations, Zucman offers an inventive and sophisticated approach to quantifying how big the problem is, how tax havens work and are organized, and how we can begin to approach a solution. His research reveals that tax havens are a quickly growing danger to the world economy. In the past five years, the amount of wealth in tax havens has increased over 25%-there has never been as much money held offshore as there is today. This hidden wealth accounts for at least $7.6 trillion, equivalent to 8% of the global financial assets of households. Fighting the notion that any attempts to vanquish tax havens are futile, since some countries will always offer more advantageous tax rates than others, as well the counter-argument that since the financial crisis tax havens have disappeared, Zucman shows how both sides are actually very wrong. In The Hidden Wealth of Nations he offers an ambitious agenda for reform, focused on ways in which countries can change the incentives of tax havens. Only by first understanding the enormity of the secret wealth can we begin to estimate the kind of actions that would force tax havens to give up their practices.Zucman's work has quickly become the gold standard for quantifying the amount of the world's assets held in havens. In this concise book, he lays out in approachable language how the international banking system works and the dangerous extent to which the large-scale evasion of taxes is undermining the global market as a whole. If we are to find a way to solve the problem of increasing inequality, The Hidden Wealth of Nations is essential reading.
Last Asylum
￥147.15
In the late 1970s, Barbara Taylor, then an acclaimed young historian, began to suffer from severe anxiety. In the years that followed, Taylor's world contracted around her illness. Eventually, her struggles were severe enough to lead to her admission to what had once been England's largest psychiatric institution, the infamous Friern Mental Hospital in North London.The Last Asylum is Taylor's breathtakingly blunt and brave account of those years. In it, Taylor draws not only on her experience as a historian, but also, more importantly, on her own lived history at Friern- once known as the Colney Hatch Lunatic Asylum and today the site of a luxury apartment complex. Taylor was admitted to Friern in July 1988, not long before England's asylum system began to undergo dramatic change: in a development that was mirrored in America, the 1990s saw the old asylums shuttered, their patients left to plot courses through a perpetually overcrowded and underfunded system of community care. But Taylor contends that the emptying of the asylums also marked a bigger loss, a loss of community. She credits her own recovery to the help of a steadfast psychoanalyst and a loyal circle of friends- from Magda, Taylor's manic-depressive roommate, to Fiona, who shares tips for navigating the system and stories of her boyfriend, the "e;Spaceman,"e; and his regular journeys to Saturn. The forging of that network of support and trust was crucial to Taylor's recovery, offering a respite from the "e;stranded, homeless feelings"e; she and others found in the outside world.A vivid picture of mental health treatment at a moment of epochal change, The Last Asylum is also a moving meditation on Taylor's own experience, as well as that of millions of others who struggle with mental illness.
Infested
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Bed bugs. Few words strike such fear in the minds of travelers. In cities around the world, lurking beneath the plush blankets of otherwise pristine-looking hotel beds are tiny bloodthirsty beasts just waiting for weary wanderers to surrender to a vulnerable slumber. Though bed bugs today have infested the globe, the common bed bug is not a new pest at all. Indeed, as Brooke Borel reveals in this unusual history, this most-reviled species may date back over 250,000 years, wreaking havoc on our collective psyche while even inspiring art, literature, and music-in addition to vexatious red welts.?In Infested, Borel introduces readers to the biological and cultural histories of these amazingly adaptive insects, and the myriad ways in which humans have responded to them. She travels to meet with scientists who are rearing bed bug colonies-even by feeding them with their own blood (ouch!)-and to the stages of musicals performed in honor of the pests. She explores the history of bed bugs and their apparent disappearance in the 1950s after the introduction of DDT, charting how current infestations have flourished in direct response to human chemical use as well as the ease of global travel. She also introduces us to the economics of bed bug infestations, from hotels to homes to office buildings, and the expansive industry that has arisen to combat them.Hiding during the day in the nooks and seams of mattresses, box springs, bed frames, headboards, dresser tables, wallpaper, or any clutter around a bed, bed bugs are thriving and eager for their next victim. By providing fascinating details on bed bug science and behavior as well as a captivating look into the lives of those devoted to researching or eradicating them, Infested is sure to inspire at least a nibble of respect for these tenacious creatures-while also ensuring that you will peek beneath the sheets with prickly apprehension.
Players and Pawns
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A chess match seems as solitary an endeavor as there is in sports: two minds, on their own, in fierce opposition. In contrast, Gary Alan Fine argues that chess is a social duet: two players in silent dialogue who always take each other into account in their play. Surrounding that one-on-one contest is a community life that can be nearly as dramatic and intense as the across-the-board confrontation.?Fine has spent years immersed in the communities of amateur and professional chess players, and with Players and Pawns he takes readers deep inside them, revealing a complex, brilliant, feisty world of commitment and conflict. Opening with a close look at a typical tournament in Atlantic City, Fine carries us from planning and setup through the climactic final day's match-ups between the weekend's top players, introducing us along the way to countless players and their relationships to the game. At tournaments like that one, as well as in locales as diverse as collegiate matches and community chess clubs, players find themselves part of what Fine terms a "e;soft community,"e; an open, welcoming space built on their shared commitment to the game. Within that community, chess players find both support and challenges, all amid a shared interest in and love of the long-standing traditions of the game, traditions that help chess players build a communal identity.?Full of idiosyncratic characters and dramatic gameplay, Players and Pawns is a celebration of the ever-fascinating world of serious chess.
Slaughterhouse
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From the minute it opened-on Christmas Day in 1865-it was Chicago's must-see tourist attraction, drawing more than half a million visitors each year. Families, visiting dignitaries, even school groups all made trips to the South Side to tour the Union Stock Yard. There they got a firsthand look at the city's industrial prowess as they witnessed cattle, hogs, and sheep disassembled with breathtaking efficiency. At their height, the kill floors employed 50,000 workers and processed six hundred animals an hour, an astonishing spectacle of industrialized death.Slaughterhouse tells the story of the Union Stock Yard, chronicling the rise and fall of an industrial district that, for better or worse, served as the public face of Chicago for decades. Dominic A. Pacyga is a guide like no other-he grew up in the shadow of the stockyards, spent summers in their hog house and cattle yards, and maintains a long-standing connection with the working-class neighborhoods around them. Pacyga takes readers through the packinghouses as only an insider can, covering the rough and toxic life inside the plants and their lasting effects on the world outside. He shows how the yards shaped the surrounding neighborhoods and controlled the livelihoods of thousands of families. He looks at the Union Stock Yard's political and economic power and its sometimes volatile role in the city's race and labor relations. And he traces its decades of mechanized innovations, which introduced millions of consumers across the country to an industrialized food system.Although the Union Stock Yard closed in 1971, the story doesn't end there. Pacyga takes readers to present day, showing how the manufacturing spirit lives on. Ironically, today the site of the legendary "e;stockyard stench"e; is now home to some of Chicago's most successful green agriculture companies.Marking the 150th anniversary of the opening of the stockyards, Slaughterhouse is an engrossing story of one of the most important-and deadliest-square miles in American history.
Better Bankers, Better Banks
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Taking financial risks is an essential part of what banks do, but there's no clear sense of what constitutes responsible risk. Taking legal risks seems to have become part of what banks do as well. Since the financial crisis, Congress has passed copious amounts of legislation aimed at curbing banks' risky behavior. Lawsuits against large banks have cost them billions. Yet bad behavior continues to plague the industry. Why isn't there more changeIn Better Bankers, Better Banks, Claire A. Hill and Richard W. Painter look back at the history of banking and show how the current culture of bad behavior-dramatized by the corrupt, cocaine-snorting bankers of The Wolf of Wall Street-came to be. In the early 1980s, banks went from partnerships whose partners had personal liability to corporations whose managers had no such liability and could take risks with other people's money. A major reason bankers remain resistant to change, Hill and Painter argue, is that while banks have been faced with large fines, penalties, and legal fees-which have exceeded one hundred billion dollars since the onset of the crisis-the banks (which really means the banks'shareholders) have paid them, not the bankers themselves. The problem also extends well beyond the pursuit of profit to the issue of how success is defined within the banking industry, where highly paid bankers clamor for status and clients may regard as inevitable bankers who prioritize their own self-interest. While many solutions have been proposed, Hill and Painter show that a successful transformation of banker behavior must begin with the bankers themselves. Bankers must be personally liable from their own assets for some portion of the bank's losses from excessive risk-taking and illegal behavior. This would instill a culture that discourages such behavior and in turn influence the sorts of behavior society celebrates or condemns.Despite many sensible proposals seeking to reign in excessive risk-taking, the continuing trajectory of scandals suggests that we're far from ready to avert the next crisis. Better Bankers, Better Banks is a refreshing call for bankers to return to the idea that theirs is a noble profession.
