A sober but not dismal account of what’s been happening to our pocketbooks. Readers who wonder why raising the interest rate...

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THE COURAGE TO ACT

A MEMOIR OF A CRISIS AND ITS AFTERMATH

Former Federal Reserve chair Bernanke (The Federal Reserve and the Financial Crisis, 2013) offers a view from the trenches of the Great Recession and its aftermath.

A framing figure in this lucid memoir, appearing early and late, is Alan Greenspan, Bernanke’s predecessor, who, it seems, saw trouble coming and did not act decisively. Bernanke cites Greenspan’s reluctance to subject whole categories of financial practices relating to mortgages to federal oversight, which opened the door to loopholes that contributed to the housing market collapse. “The hole in our logic,” writes Bernanke, “was that, as lending standards deteriorated, the exception became the rule.” Bernanke’s account of the Great Recession involves plenty of mea culpa pleading; he writes that in his time as a Fed governor leading up to his chairmanship, he and his fellow executives tended to underestimate the risks inherent in a loosely regulated market. He goes on to trace this fast-and-loose approach to legislative politics. For example, although Fannie Mae and Freddie Mac came close to catastrophic failure, congressional overseers were too enamored of the “ultimate free lunch” these agencies offered to pay much attention until it was almost too late. Bernanke, who has made news outside of but coincidental with this book by renouncing his former affiliation with the GOP, suggests that political gridlock has served as a tremendous brake on an economic recovery that should have been complete by now. The ongoing threat of government shutdown is an understandable deterrent to investment and consumer confidence. It helps to have wonky leanings to follow Bernanke’s arguments, which, though mostly nontechnical, can be a little daunting: “Futures markets gave us a reliable read of where markets thought the federal funds rate was going—but not for our securities purchases.”

A sober but not dismal account of what’s been happening to our pocketbooks. Readers who wonder why raising the interest rate is a big deal (and why not raising it may be a mistake) will find suggestive answers here.

Pub Date: Oct. 5, 2015

ISBN: 978-0-393-24721-3

Page Count: 610

Publisher: Norton

Review Posted Online: Oct. 10, 2015

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Doyle offers another lucid, inspiring chronicle of female empowerment and the rewards of self-awareness and renewal.

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More life reflections from the bestselling author on themes of societal captivity and the catharsis of personal freedom.

In her third book, Doyle (Love Warrior, 2016, etc.) begins with a life-changing event. “Four years ago,” she writes, “married to the father of my three children, I fell in love with a woman.” That woman, Abby Wambach, would become her wife. Emblematically arranged into three sections—“Caged,” “Keys,” “Freedom”—the narrative offers, among other elements, vignettes about the soulful author’s girlhood, when she was bulimic and felt like a zoo animal, a “caged girl made for wide-open skies.” She followed the path that seemed right and appropriate based on her Catholic upbringing and adolescent conditioning. After a downward spiral into “drinking, drugging, and purging,” Doyle found sobriety and the authentic self she’d been suppressing. Still, there was trouble: Straining an already troubled marriage was her husband’s infidelity, which eventually led to life-altering choices and the discovery of a love she’d never experienced before. Throughout the book, Doyle remains open and candid, whether she’s admitting to rigging a high school homecoming court election or denouncing the doting perfectionism of “cream cheese parenting,” which is about “giving your children the best of everything.” The author’s fears and concerns are often mirrored by real-world issues: gender roles and bias, white privilege, racism, and religion-fueled homophobia and hypocrisy. Some stories merely skim the surface of larger issues, but Doyle revisits them in later sections and digs deeper, using friends and familial references to personify their impact on her life, both past and present. Shorter pieces, some only a page in length, manage to effectively translate an emotional gut punch, as when Doyle’s therapist called her blooming extramarital lesbian love a “dangerous distraction.” Ultimately, the narrative is an in-depth look at a courageous woman eager to share the wealth of her experiences by embracing vulnerability and reclaiming her inner strength and resiliency.

Doyle offers another lucid, inspiring chronicle of female empowerment and the rewards of self-awareness and renewal.

Pub Date: March 10, 2020

ISBN: 978-1-9848-0125-8

Page Count: 352

Publisher: Dial

Review Posted Online: Dec. 22, 2019

Kirkus Reviews Issue: Jan. 15, 2020

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An eye-opening glimpse into the attempted self-unmaking of one of Hollywood’s most recognizable talents.

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The debut memoir from the pop and fashion star.

Early on, Simpson describes the book she didn’t write: “a motivational manual telling you how to live your best life.” Though having committed to the lucrative deal years before, she “walked away,” fearing any sort of self-help advice she might give would be hypocritical. Outwardly, Simpson was at the peak of her success, with her fashion line generating “one billion dollars in annual sales.” However, anxiety was getting the better of her, and she admits she’d become a “feelings addict,” just needing “enough noise to distract me from the pain I’d been avoiding since childhood. The demons of traumatic abuse that refused to let me sleep at night—Tylenol PM at age twelve, red wine and Ambien as a grown, scared woman. Those same demons who perched on my shoulder, and when they saw a man as dark as them, leaned in to my ear to whisper, ‘Just give him your light. See if it saves him…’ ” On Halloween 2017, Simpson hit rock bottom, and, with the intervention of her devoted friends and husband, began to address her addictions and underlying fears. In this readable but overlong narrative, the author traces her childhood as a Baptist preacher’s daughter moving 18 times before she “hit fifth grade,” and follows her remarkable rise to fame as a singer. She reveals the psychological trauma resulting from years of sexual abuse by a family friend, experiences that drew her repeatedly into bad relationships with men, most publicly with ex-husband Nick Lachey. Admitting that she was attracted to the validating power of an audience, Simpson analyzes how her failings and triumphs have enabled her to take control of her life, even as she was hounded by the press and various music and movie executives about her weight. Simpson’s memoir contains plenty of personal and professional moments for fans to savor.

An eye-opening glimpse into the attempted self-unmaking of one of Hollywood’s most recognizable talents.

Pub Date: Feb. 4, 2020

ISBN: 978-0-06-289996-5

Page Count: 416

Publisher: Dey Street/HarperCollins

Review Posted Online: Feb. 16, 2020

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