Eye-opening, timely and inspirational.
The Democratic senator from North Dakota exposes the greed, deception and self-interest that has contributed heavily to the current economic crisis.
In clear, piercing language, Dorgan (Take This Job and Ship It: How Corporate Greed and Brain-Dead Politics Are Selling Out America, 2006) explains the mortgage crisis, showing how the profit motive led financial institutions to combine risky subprime mortgages with AAA securities, “akin to the days when meat-packing plants used sawdust as filler in sausage.” In order to increase their incomes, mortgage brokers were willing to promote subprime mortgages with hidden escalating payments to consumers with bad credit. Meanwhile, the Bush administration’s approach was to promote free markets and self-regulation. Soon large financial institutions with prestigious names were discovering toxic assets embedded with subprime loans that had gone bad. Dorgan also targets unregulated hedge funds. They are responsible for approximately 50 percent of the daily trading on the New York Stock Exchange, and have “behaved like sweaty gamblers at the craps table,” making huge bets on complicated financial instruments or “dark money,” potentially manipulating the market. The author is indignant at the fact that top hedge-fund managers make billions in annual income and yet pay only a 15 percent tax rate by redefining their income as “carried interest.” Why, he writes, should salaried workers be subjected to tax rates that are much higher while billionaires find tax loopholes? Dorgan makes no apologies for his liberal viewpoints, asserting that they indicate a sense of liberty and integrity that is crucial to the American dream. He believes that “capitalism in its purest form, completely unregulated, is like a race car with no brakes.” His anger at the private, no-bid Iraq war contracts awarded to companies like Halliburton is understandable, and he’s adamant about the necessity of oversight and regulation—specifically as it relates to the tax loopholes exploited by hedge-fund managers.
Eye-opening, timely and inspirational.Pub Date: May 26, 2009
ISBN: 978-0-312-38303-9
Page Count: 288
Publisher: Dunne/St. Martin's
Review Posted Online: May 19, 2010
Kirkus Reviews Issue: April 1, 2009
BOOK REVIEW
BOOK REVIEW
This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”
The powerful story of a father’s past and a son’s future.
Atlantic senior writer Coates (The Beautiful Struggle: A Father, Two Sons, and an Unlikely Road to Manhood, 2008) offers this eloquent memoir as a letter to his teenage son, bearing witness to his own experiences and conveying passionate hopes for his son’s life. “I am wounded,” he writes. “I am marked by old codes, which shielded me in one world and then chained me in the next.” Coates grew up in the tough neighborhood of West Baltimore, beaten into obedience by his father. “I was a capable boy, intelligent and well-liked,” he remembers, “but powerfully afraid.” His life changed dramatically at Howard University, where his father taught and from which several siblings graduated. Howard, he writes, “had always been one of the most critical gathering posts for black people.” He calls it The Mecca, and its faculty and his fellow students expanded his horizons, helping him to understand “that the black world was its own thing, more than a photo-negative of the people who believe they are white.” Coates refers repeatedly to whites’ insistence on their exclusive racial identity; he realizes now “that nothing so essentialist as race” divides people, but rather “the actual injury done by people intent on naming us, intent on believing that what they have named matters more than anything we could ever actually do.” After he married, the author’s world widened again in New York, and later in Paris, where he finally felt extricated from white America’s exploitative, consumerist dreams. He came to understand that “race” does not fully explain “the breach between the world and me,” yet race exerts a crucial force, and young blacks like his son are vulnerable and endangered by “majoritarian bandits.” Coates desperately wants his son to be able to live “apart from fear—even apart from me.”
This moving, potent testament might have been titled “Black Lives Matter.” Or: “An American Tragedy.”Pub Date: July 8, 2015
ISBN: 978-0-8129-9354-7
Page Count: 176
Publisher: Spiegel & Grau
Review Posted Online: May 5, 2015
Kirkus Reviews Issue: July 1, 2015
BOOK REVIEW
BOOK REVIEW
SEEN & HEARD
BOOK TO SCREEN
BOOK TO SCREEN
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular...
A neurosurgeon with a passion for literature tragically finds his perfect subject after his diagnosis of terminal lung cancer.
Writing isn’t brain surgery, but it’s rare when someone adept at the latter is also so accomplished at the former. Searching for meaning and purpose in his life, Kalanithi pursued a doctorate in literature and had felt certain that he wouldn’t enter the field of medicine, in which his father and other members of his family excelled. “But I couldn’t let go of the question,” he writes, after realizing that his goals “didn’t quite fit in an English department.” “Where did biology, morality, literature and philosophy intersect?” So he decided to set aside his doctoral dissertation and belatedly prepare for medical school, which “would allow me a chance to find answers that are not in books, to find a different sort of sublime, to forge relationships with the suffering, and to keep following the question of what makes human life meaningful, even in the face of death and decay.” The author’s empathy undoubtedly made him an exceptional doctor, and the precision of his prose—as well as the moral purpose underscoring it—suggests that he could have written a good book on any subject he chose. Part of what makes this book so essential is the fact that it was written under a death sentence following the diagnosis that upended his life, just as he was preparing to end his residency and attract offers at the top of his profession. Kalanithi learned he might have 10 years to live or perhaps five. Should he return to neurosurgery (he could and did), or should he write (he also did)? Should he and his wife have a baby? They did, eight months before he died, which was less than two years after the original diagnosis. “The fact of death is unsettling,” he understates. “Yet there is no other way to live.”
A moving meditation on mortality by a gifted writer whose dual perspectives of physician and patient provide a singular clarity.Pub Date: Jan. 19, 2016
ISBN: 978-0-8129-8840-6
Page Count: 248
Publisher: Random House
Review Posted Online: Sept. 29, 2015
Kirkus Reviews Issue: Oct. 15, 2015
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