A thoughtful though limited discussion of a puzzling situation: Why, despite relative prosperity, is economic anxiety so high? Mandel, economics editor of BusinessWeek magazine, maintains that unlike the stable corporate world of the 1950s and '60s which offered low risks and high rewards, and the transitional period of the '70s and '80s, which imposed high risks and low rewards, we are now confronted with an era offering high risks and the potential for high rewards. Traditional business practices—loyalty, seniority, and a reliance on government regulation—no longer guarantee success. With quantum leaps in information technology, corporate downsizing, and government deregulation, the comfortable predictability of the good old days has been replaced by economic turmoil. The entire economy is now characterized by a dynamism previously limited to the financial markets, and success requires a bold strategy: Embrace risk. Corporations must invest in the development of innovative products and reorganize along untested lines; individuals must invest in future-oriented education and accept multiple job changes or self-employment; the alternatives are decreasing profits and income. The costs of the attendant uncertainty, however, are high, in terms of confusion in the marketplace, missed opportunities, cautious and confused investors. To mitigate the losses caused by this turbulent situation, Mandel proposes measures ranging from income averaging for tax purposes to linking compensation to futures markets. To his credit, Mandel acknowledges that those with substantial personal wealth and education are in a much better position to take risks, but he is more reticent about the increase in economic inequality that would result from his proposals. Accepting aggregate growth as the ultimate concern seems to crowd out serious consideration of distributive issues. While the trials and tribulations of uncertainty in economic life are not ignored, Mandel definitely looks at the current and future economy through rose-colored glasses. (12 tables, charts, and graphs, not seen) (Author tour)
Privately published by Strunk of Cornell in 1918 and revised by his student E. B. White in 1959, that "little book" is back again with more White updatings.
Stricter than, say, Bergen Evans or W3 ("disinterested" means impartial — period), Strunk is in the last analysis (whoops — "A bankrupt expression") a unique guide (which means "without like or equal").
This early reader is an excellent introduction to the March on Washington in 1963 and the important role in the march played by Martin Luther King Jr. Ruffin gives the book a good, dramatic start: “August 28, 1963. It is a hot summer day in Washington, D.C. More than 250,00 people are pouring into the city.” They have come to protest the treatment of African-Americans here in the US. With stirring original artwork mixed with photographs of the events (and the segregationist policies in the South, such as separate drinking fountains and entrances to public buildings), Ruffin writes of how an end to slavery didn’t mark true equality and that these rights had to be fought for—through marches and sit-ins and words, particularly those of Dr. King, and particularly on that fateful day in Washington. Within a year the Civil Rights Act of 1964 had been passed: “It does not change everything. But it is a beginning.” Lots of visual cues will help new readers through the fairly simple text, but it is the power of the story that will keep them turning the pages. (Easy reader. 6-8)