If the text at hand is any indicator, the apologies of Wall Streeters at the center of the insider-trading scandals of the 1980's will be even less revelatory and ingratiating than those of Watergate accomplices who rushed into print after serving their time. Despite the first-rate assistance of Hoffer (co-author of Not Without My Daughter, etc.), Levine recounts rather than reflects on his self-destructive career as an investment banker. With precious little going for him beyond ambition, a gift of gab, and analytic talent, the author, by dint of hard work, nonetheless broke into the clubby M&A (mergers and acquisitions) community, soon achieving superstar status at Drexel Burnham (home base for Michael Milken) with a guaranteed annual income topping $1 million. During his swift ascent, however, Levine was using privileged data obtained from employers and a network of informants to trade in the shares of companies involved in unannounced deals. In his case, crime paid handsomely, as he amassed profits of nearly $11.6 million in a clandestine offshore account. The author also fenced inside information to Ivan Boesky. Ironically, an anonymous tip, not a misstep, put the SEC on Levine's trail. Once he was brought to book, the author made possibly the best trade of his life, identifying co-conspirators in eventually justified hopes of a lenient sentence. Paradoxically, perhaps, Douglas Frantz provided in Levine & Co. (1987) a more tellingly detailed and thoughtful account of the author's fall. Apart from some perfunctory anguish over the pain he caused family and friends, Levine (who served 17 months of a three-year term in Club Fed) does not grapple with the implications of his breaches of trust. Indeed, he still seems outraged that US authorities could induce Bahamian bankers to give him up, and argues for certainty of detection as the most effective deterrent to market rigging. Nor does he offer any keen insights on notable colleagues and clients. The bottom line: pallid confessions from a scofflaw who seems to have only the vaguest perceptions of his misdeeds' significance. (Eight pages of photos—not seen.)
Pub Date: Sept. 5, 1991
ISBN: 0-399-13655-X
Page Count: 432
Publisher: Putnam
Review Posted Online: May 3, 2011
Kirkus Reviews Issue: Aug. 1, 1991
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
PERSPECTIVES
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.
“Quality of life means more than just consumption”: Two MIT economists urge that a smarter, more politically aware economics be brought to bear on social issues.
It’s no secret, write Banerjee and Duflo (co-authors: Poor Economics: A Radical Rethinking of the Way To Fight Global Poverty, 2011), that “we seem to have fallen on hard times.” Immigration, trade, inequality, and taxation problems present themselves daily, and they seem to be intractable. Economics can be put to use in figuring out these big-issue questions. Data can be adduced, for example, to answer the question of whether immigration tends to suppress wages. The answer: “There is no evidence low-skilled migration to rich countries drives wage and employment down for the natives.” In fact, it opens up opportunities for those natives by freeing them to look for better work. The problem becomes thornier when it comes to the matter of free trade; as the authors observe, “left-behind people live in left-behind places,” which explains why regional poverty descended on Appalachia when so many manufacturing jobs left for China in the age of globalism, leaving behind not just left-behind people but also people ripe for exploitation by nationalist politicians. The authors add, interestingly, that the same thing occurred in parts of Germany, Spain, and Norway that fell victim to the “China shock.” In what they call a “slightly technical aside,” they build a case for addressing trade issues not with trade wars but with consumption taxes: “It makes no sense to ask agricultural workers to lose their jobs just so steelworkers can keep theirs, which is what tariffs accomplish.” Policymakers might want to consider such counsel, especially when it is coupled with the observation that free trade benefits workers in poor countries but punishes workers in rich ones.
Occasionally wonky but overall a good case for how the dismal science can make the world less—well, dismal.Pub Date: Nov. 12, 2019
ISBN: 978-1-61039-950-0
Page Count: 432
Publisher: PublicAffairs
Review Posted Online: Aug. 28, 2019
Kirkus Reviews Issue: Sept. 15, 2019
SEEN & HEARD
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