A grim view of the economic future and suggestions on how to sway the outcome, one penny at a time.
In this highly informed analysis, British economist Coyle (The Soulful Science: What Economists Really Do and Why It Matters, 2007, etc.) posits as a given that “more money makes people happier because it means they can buy more.” For readers who agree, it follows that national economies must continue to grow to avoid collective misery or worse. But how, the author asks, can they grow while dealing responsibly with future generations when they have already become fiscally, environmentally and socially unsustainable? No clear answers emerge here, and Coyle states frankly that outcomes are difficult to predict. What is clear, she suggests, is the inevitable breakdown of trust essential for national and global economies to run smoothly and growing inequities that violate even rudimentary concepts of fairness. Add to this an abiding loss of faith in institutions that don’t seem up to the challenge and the devastating trend of borrowing for social programs that is creating insurmountable future debt. Even with adjustments, what lies ahead is more work, less play and fewer holidays; reduced pensions and public services; and the necessity of more personal saving and less consumption. Coyle calls for steps including new and better economic measurements, a longer time frame for economic decision-making that takes into account future costs and impacts and government policies which enforce personal saving and business investment. There’s much to digest here, so the author’s tendency to repeat herself turns out to be helpful. Tough trekking but well worth the journey for this top-rank economist’s view from the summit.
Pub Date: March 1, 2011
ISBN: 978-0-691-14518-1
Page Count: 336
Publisher: Princeton Univ.
Review Posted Online: April 8, 2011
Kirkus Reviews Issue: Feb. 15, 2011
BOOK REVIEW
Bernstein and Woodward, the two Washington Post journalists who broke the Big Story, tell how they did it by old fashioned seat-of-the-pants reporting — in other words, lots of intuition and a thick stack of phone numbers. They've saved a few scoops for the occasion, the biggest being the name of their early inside source, the "sacrificial lamb" H**h Sl**n. But Washingtonians who talked will be most surprised by the admission that their rumored contacts in the FBI and elsewhere never existed; many who were telephoned for "confirmation" were revealing more than they realized. The real drama, and there's plenty of it, lies in the private-eye tactics employed by Bernstein and Woodward (they refer to themselves in the third person, strictly on a last name basis). The centerpiece of their own covert operation was an unnamed high government source they call Deep Throat, with whom Woodward arranged secret meetings by positioning the potted palm on his balcony and through codes scribbled in his morning newspaper. Woodward's wee hours meetings with Deep Throat in an underground parking garage are sheer cinema: we can just see Robert Redford (it has to be Robert Redford) watching warily for muggers and stubbing out endless cigarettes while Deep Throat spills the inside dope about the plumbers. Then too, they amass enough seamy detail to fascinate even the most avid Watergate wallower — what a drunken and abusive Mitchell threatened to do to Post publisher Katherine Graham's tit, and more on the Segretti connection — including the activities of a USC campus political group known as the Ratfuckers whose former members served as a recruiting pool for the Nixon White House. As the scandal goes public and out of their hands Bernstein and Woodward seem as stunned as the rest of us at where their search for the "head ratfucker" has led. You have to agree with what their City Editor Barry Sussman realized way back in the beginning — "We've never had a story like this. Just never."
Pub Date: June 18, 1974
ISBN: 0671894412
Page Count: 372
Publisher: Simon & Schuster
Review Posted Online: Oct. 10, 2011
Kirkus Reviews Issue: June 1, 1974
Less a sequel than an addendum, the book offers a close-up view of the Oval Office in its darkest hour.
Four decades after Watergate shook America, journalist Woodward (The Price of Politics, 2012, etc.) returns to the scandal to profile Alexander Butterfield, the Richard Nixon aide who revealed the existence of the Oval Office tapes and effectively toppled the presidency.
Of all the candidates to work in the White House, Butterfield was a bizarre choice. He was an Air Force colonel and wanted to serve in Vietnam. By happenstance, his colleague H.R. Haldeman helped Butterfield land a job in the Nixon administration. For three years, Butterfield worked closely with the president, taking on high-level tasks and even supervising the installation of Nixon’s infamous recording system. The writing here is pure Woodward: a visual, dialogue-heavy, blow-by-blow account of Butterfield’s tenure. The author uses his long interviews with Butterfield to re-create detailed scenes, which reveal the petty power plays of America’s most powerful men. Yet the book is a surprisingly funny read. Butterfield is passive, sensitive, and dutiful, the very opposite of Nixon, who lets loose a constant stream of curses, insults, and nonsensical bluster. Years later, Butterfield seems conflicted about his role in such an eccentric presidency. “I’m not trying to be a Boy Scout and tell you I did it because it was the right thing to do,” Butterfield concedes. It is curious to see Woodward revisit an affair that now feels distantly historical, but the author does his best to make the story feel urgent and suspenseful. When Butterfield admitted to the Senate Select Committee that he knew about the listening devices, he felt its significance. “It seemed to Butterfield there was absolute silence and no one moved,” writes Woodward. “They were still and quiet as if they were witnessing a hinge of history slowly swinging open….It was as if a bare 10,000 volt cable was running through the room, and suddenly everyone touched it at once.”
Less a sequel than an addendum, the book offers a close-up view of the Oval Office in its darkest hour.Pub Date: Oct. 13, 2015
ISBN: 978-1-5011-1644-5
Page Count: 304
Publisher: Simon & Schuster
Review Posted Online: Oct. 20, 2015
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