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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.
Body by Darwin
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We think of medical science and doctors as focused on treating conditions-whether it's a cough or an aching back. But the sicknesses and complaints that cause us to seek medical attention actually have deeper origins than the superficial germs and behaviors we regularly fault. In fact, as Jeremy Taylor shows in Body by Darwin, we can trace the roots of many medical conditions through our evolutionary history, revealing what has made us susceptible to certain illnesses and ailments over time and how we can use that knowledge to help us treat or prevent problems in the future.?In Body by Darwin, Taylor examines the evolutionary origins of some of our most common and serious health issues. To begin, he looks at the hygiene hypothesis, which argues that our obsession with anti-bacterial cleanliness, particularly at a young age, may be making us more vulnerable to autoimmune and allergic diseases. He also discusses diseases of the eye, the medical consequences of bipedalism as they relate to all those aches and pains in our backs and knees, the rise of Alzheimer's disease, and how cancers become so malignant that they kill us despite the toxic chemotherapy we throw at them. Taylor explains why it helps to think about heart disease in relation to the demands of an ever-growing, dense, muscular pump that requires increasing amounts of nutrients, and he discusses how walking upright and giving birth to ever larger babies led to a problematic compromise in the design of the female spine and pelvis. ?Throughout, he not only explores the impact of evolution on human form and function, but he integrates science with stories from actual patients and doctors, closely examining the implications for our health.?As Taylor shows, evolutionary medicine allows us think about the human body and its adaptations in a completely new and productive way. By exploring how our body's performance is shaped by its past, Body by Darwin draws powerful connections between our ancient human history and the future of potential medical advances that can harness this knowledge.
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.
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
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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.
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.
Dawn of Green
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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.
Accounts
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The death of a mother alters forever a family's story of itself. Indeed, it taxes the ability of a family to tell that story at all. The Accounts narrates the struggle to speak with any clear understanding in the wake of that loss. The title poem attempts three explanations of the departure of a life from the earth-a physical account, a psychological account, and a spiritual account. It is embedded in a long narrative sequence that tries to state plainly the facts of the last days of the mother's life, in a room that formerly housed a television, next to a California backyard. The visual focus of that sequence, a robin's nest, poised above the family home, sings in a kind of lament, giving its own version of ways we can see the transformation of the dying into the dead. In other poems, called "e;Arguments,"e; two voices exchange uncertain truths about subjects as high as heaven and as low as crime. Grief is a problem that cannot be solved by thinking, but that doesn't stop the mind, which relentlessly carries on, trying in vain to settle its accounts. The death of a well-loved person creates a debt that can never be repaid. It reminds the living of our own psychological debts to each other, and to the dead. In this sense, the death of this particular mother and the transformation of this particular family are evocative of a greater struggle against any changing reality, and the loss of all beautiful and passing forms of order.
El Dorado
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In El Dorado, Peter Campion explores what it feels like to live in America right now, at the beginning of the twenty-first century. Splicing cell-phone chatter with translations of ancient poems, jump-cutting from traditional to invented forms, and turning his high-res lens on everything from box stores to trout streams to airport lounges, Campion renders both personal and collective experience with capacious and subtle skill.
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.
Anyone
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Milton's GodWhere I-95 meets The Pike,a ponderous thunderhead flowered-?stewed a minute, then flippedlike a flash card, tatterededges crinkling in, linings so darkwith excessive bright?that, standing, waiting, at the overpass edge,the onlooker couldn't decide?until the end, or even then,what was revealed and what had been hidden.Using a variety of forms and achieving a range of musical effects, Nate Klug's Anyone traces the unraveling of astonishment upon small scenes-natural and domestic, political and religious-across America's East and Midwest. The book's title foregrounds the anonymity it seeks through several means: first, through close observation (a concrete saw, a goshawk, a bicyclist); and, second, via translation (satires from Horace and Catullus, and excerpts from Virgil's Aeneid). Uniquely among contemporary poetry volumes, Anyone demonstrates fluency in the paradoxes of a religious existence: "e;To stand sometime / outside my faith . . . or keep waiting / to be claimed in it."e; Engaged with theology and the classics but never abstruse, all the while the poems remain grounded in the phenomenal, physical world of "e;what it is to feel: /moods, half moods, / swarming, then darting loose."e;
Disorder
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MidsummerCambridge, MA, 2008?Midsummer. Finally, you are used to disappointment.A baby touches phlox. Many failures, many botched attempts,?A little success in unexpected forms. This is how the rest will go:The gravel raked, bricks ashen, bees fattened-honey not for babes.?All at once, a rustling, whole trees in shudder, clouds pulledWestward. You are neither here nor there, neither right nor?Wrong. The world is indifferent, tired of your insistence.Garter snakes swallow frogs. The earthworms coil.?On your fingers, the residue of red pistils. What have you made?What have you kept aliveGreen, a secret, occult,?Grass veining the hands. Someone's baby toddling.And the phlox white. For now. Midsummer.A remarkable first book, Disorder tells the story, by turns poignant and outrageous, of a family's dislocation over four continents during the course of a hundred years. In short lyrics and longer narrative poems, Vanesha Pravin takes readers on a kaleidoscopic trek, from Bombay to Uganda, from England to Massachusetts and North Carolina, tracing the path of familial love, obsession, and the passage of time as filtered through the perceptions of family members and a host of supporting characters, including ubiquitous paparazzi, amorous vicars, and a dubious polygamist. We experience throughout a speaker forged by a deep awareness of intergenerational, multicontinental consciousness. At once global and personal, crossing ethnic, linguistic, and national boundaries in ways that few books of poetry do, Disorder bristles with quiet authority backed by a skeptical intelligence.
Figure of a Man Being Swallowed by a Fish
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At the heart of Weiner's new book is an extended poem with a bold political dimension and great intellectual ambition. It fuses the poet's point of view with Walt Whitman's to narrate a decentered time-traveling collage about Rock Creek, a tributary of the Potomac that runs through Washington, DC. For Weiner, Rock Creek is the location of myriad kinds of movement, streaming, and joining: personal enterprise and financial capital; national politics, murder, sex, and homelessness; the Civil War and collective history; music, spiritual awakening, personal memory, and pastoral vision. The questions that arise from the opening foundational poem inform the others in the collection, which range widely from the dramatic arrival of an uncanny charismatic totem that titles the volume to intimate reflections on family, illness, and dream visions. The virtues of Weiner's earlier books-discursive intelligence, formal control, an eccentric and intriguing ear, and a wide-ranging curiosity matched to variety of feeling-are all present here. But in The Figure of a Man Being Swallowed by a Fish, Weiner has discovered a new poetic idiom, one that is stripped down, rhythmically jagged, and comprehensively philosophical about human limits.
Particle and Wave
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Are we aloneIf so, Particle and Wave insists that we need not be lonely. Here the periodic table of elements-a system familiar to many of us from high school chemistry-unfolds in a series of unexpected meanings with connotations public, personal, and existential. Based on a logic that considers the atomic symbol an improvised phoneme, Particle and Wave is keenly attuned to the qualities of voice and concerned with how these improvisations fall on the listening ear. From the most recent housing bust, to the artistic visions of Christo and Jeanne Claude, to the labors of the Curies, to Pliny the Younger's account of the eruption of Vesuvius, culture and world histories are recontextualized through the lens of personal experience. Muscular, precise, structurally varied, and imagistic, these poems engage in lyricism yet resist mere confession. In doing so they project the self as a composite, speaking in a variety of registers, from the nursery rhyme songster, to the ascetic devotee, to the unapologetic sensualist. They welcome all comers and elbow the bounded physical world to make way for a dynamic, new subjectivity.
Love and Saint Augustine
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Hannah Arendt began her scholarly career with an exploration of Saint Augustine's concept of caritas, or neighborly love, written under the direction of Karl Jaspers and the influence of Martin Heidegger. After her German academic life came to a halt in 1933, Arendt carried her dissertation into exile in France, and years later took the same battered and stained copy to New York. During the late 1950s and early 1960s, as she was completing or reworking her most influential studies of political life, Arendt was simultaneously annotating and revising her dissertation on Augustine, amplifying its argument with terms and concepts she was using in her political works of the same period. The disseration became a bridge over which Arendt traveled back and forth between 1929 Heidelberg and 1960s New York, carrying with her Augustine's question about the possibility of social life in an age of rapid political and moral change.In Love and Saint Augustine, Joanna Vecchiarelli Scott and Judith Chelius Stark make this important early work accessible for the first time. Here is a completely corrected and revised English translation that incorporates Arendt's own substantial revisions and provides additional notes based on letters, contracts, and other documents as well as the recollections of Arendt's friends and colleagues during her later years.
Calle Florista
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This World and That OneSometimes you defy it,I am not that, watching a strangercry like a dog when she thinks she's aloneat the kitchen window, hands forgottenunder the running tap.The curtains blow out, flap the other side of the sill.In you one hole fills another,stacked like cups.You remember your hands.Connie Voisine's third book of poems centers on the border between the United States and Mexico, celebrating the stunning, severe desert landscape found there. This setting marks the occasion as well for Voisine to explore themes of splitting and friction in both human and political contexts. Whose space is this border, she asks, and what voice can possibly tell the story of this place?In a wry, elegiac mode, the poems of Calle Florista take us both to the edge of our country and the edge of our faith in art and the world. This is mature work, offering us poems that oscillate between the articulation of complex, private sensibilities and the directness of a poet cracking the private self open-and making it vulnerable to the wider world.
Portrait of a Man Known as Il Condottiere
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Puckish and playful, Georges Perec infused avant-garde and experimental fiction with a wit and wonder that belied the serious concerns and concepts that underpinned it. A prominent member of the OuLiPo, and an abiding influence on fiction writers today, Perec used formal constraints to dazzling effect in such works as A Void-a murder mystery that contains nary an "e;e"e;-and Life A User's Manual, in which an apartment building, systematically canvassed, unfolds secrets and, ultimately offers a reflection on creation, destruction, and the devotion to art.?Before embarking on these experiments, however, Perec tried his hand at a relatively straightforward novel, Portrait of a Man. His first book, it was rejected by publishers when he submitted it in 1960, after which he filed it away. Decades after Perec's death, David Bellos discovered the manu*, and through his translation we have a chance to enjoy it in English for the first time. What fans will find here is a thriller that combines themes that would remain prominent in Perec's later work, such as art forgery, authenticity, and murder, as well as craftsman Gaspard Winckler, who whose namesakes play major roles in Life A User's Manual and W or The Memory of Childhood.?Engaging and entertaining on its own merits, and gaining additional interest when set in the context of Perec's career, Portrait of a Man is sure to charm the many fans of this postmodern master.
Wandering Mind
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If we've done our job well-and, let's be honest, if we're lucky-you'll read to the end of this de*ion. Most likely, however, you won't. Somewhere in the middle of the next paragraph, your mind will wander off. Minds wander. That's just how it is.?That may be bad news for me, but is it bad news for people in generalDoes the fact that as much as fifty percent of our waking hours find us failing to focus on the task at hand represent a problemMichael Corballis doesn't think so, and with The Wandering Mind, he shows us why, rehabilitating woolgathering and revealing its incredibly useful effects. Drawing on the latest research from cognitive science and evolutionary biology, Corballis shows us how mind-wandering not only frees us from moment-to-moment drudgery, but also from the limitations of our immediate selves. Mind-wandering strengthens our imagination, fueling the flights of invention, storytelling, and empathy that underlie our shared humanity; furthermore, he explains, our tendency to wander back and forth through the timeline of our lives is fundamental to our very sense of ourselves as coherent, continuing personalities.?Full of unusual examples and surprising discoveries, The Wandering Mind mounts a vigorous defense of inattentioneven as it never fails to hold the reader's.
Hidden Game of Baseball
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Long before Moneyball became a sensation or Nate Silver turned the knowledge he'd honed on baseball into electoral gold, John Thorn and Pete Palmer were using statistics to shake the foundations of the game. First published in 1984, The Hidden Game of Baseball ushered in the sabermetric revolution by demonstrating that we were thinking about baseball stats-and thus the game itself-all wrong. Instead of praising sluggers for gaudy RBI totals or pitchers for wins, Thorn and Palmer argued in favor of more subtle measurements that correlated much more closely to the ultimate goal: winning baseball games.The new gospel promulgated by Thorn and Palmer opened the door for a flood of new questions, such as how a ballpark's layout helps or hinders offense or whether a strikeout really is worse than another kind of out. Taking questions like these seriously-and backing up the answers with data-launched a new era, showing fans, journalists, scouts, executives, and even players themselves a new, better way to look at the game.This brand-new edition retains the body of the original, with its rich, accessible analysis rooted in a deep love of baseball, while adding a new introduction by the authors tracing the book's influence over the years. A foreword by ESPN's lead baseball analyst, Keith Law, details The Hidden Game's central role in the transformation of baseball coverage and team management and shows how teams continue to reap the benefits of Thorn and Palmer's insights today. Thirty years after its original publication, The Hidden Game is still bringing the high heat-a true classic of baseball literature.
Blood Runs Green
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It was the biggest funeral Chicago had seen since Lincoln's. On May 26, 1889, four thousand mourners proceeded down Michigan Avenue, followed by a crowd forty thousand strong, in a howl of protest at what commentators called one of the ghastliest and most curious crimes in civilized history. The dead man, Dr. P. H. Cronin, was a respected Irish physician, but his brutal murder uncovered a web of intrigue, secrecy, and corruption that stretched across the United States and far beyond.Blood Runs Green tells the story of Cronin's murder from the police investigation to the trial. It is a story of hotheaded journalists in pursuit of sensational crimes, of a bungling police force riddled with informers and spies, and of a secret revolutionary society determined to free Ireland but succeeding only in tearing itself apart. It is also the story of a booming immigrant population clamoring for power at a time of unprecedented change.From backrooms to courtrooms, historian Gillian O'Brien deftly navigates the complexities of Irish Chicago, bringing to life a rich cast of characters and tracing the spectacular rise and fall of the secret Irish American society Clan na Gael. She draws on real-life accounts and sources from the United States, Ireland, and Britain to cast new light on Clan na Gael and reveal how Irish republicanism swept across the United States. Destined to be a true crime classic, Blood Runs Green is an enthralling tale of a murder that captivated the world and reverberated through society long after the coffin closed.
Off to College
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For many parents, sending their child off to college can be a disconcerting leap. After years spent helping with homework, attending parent-teacher conferences, and catching up after school, college life represents a world of unknowns. What really happens during that transitional first ?year of collegeAnd what can parents do to strike the right balance between providing support and fostering independence?With Off to College, Roger H. Martin helps parents understand this important period of transition by providing the perfect tour of the first year on today's campus. Martin, a twenty-year college president and former Harvard dean, spent a year visiting five very different colleges and universities across the United States-public and private, large and small, elite and non-elite-to get an insider's view of modern college life. He observes an advising session as a student sorts out her schedule, unravels the mysteries of roommate assignments with a residence life director, and patrols campus with a safety officer on a rowdy Saturday night. He gets pointers in freshman English and tips on athletics and physical fitness from coaches. He talks with financial aid officers and health service providers. And he listens to the voices of the first-year students themselves. Martin packs Off to College with the insights and advice he gained and bolsters them with data from a wide variety of sources to deliver a unique and personal view of the current student experience.The first year is not just the beginning of a student's college education but also the first big step in becoming an adult. Off to College will help parents understand what to expect whether they're new to the college experience or reconciling modern campus life with memories of their own college days.
