Past Due: The End of Easy Money and the Renewal of the American Economy (Hardback | 235 x 156) - Peter S. Goodman - Forthcoming, Available to Pre-Order

A New York Times national economics correspondent analyzes the current financial crisis while offering perspectives on how mainstream America may recover, sharing the example stories of a real estate entrepreneur and a prospective biotech employee. 40,000 first printing.

How Main Street was hit byand might recover fromthe financial crisis, by The New York Timess national economics correspondent

When the financial crisis struck in 2008, Main Street felt the blow just as hard as Wall Street. The New York Times national economics correspondent Peter S. Goodman takes us behind the headlines and exposes how the flow of capital from Asia and Silicon Valley to the suburbs of the housing bubble perverted Americas economy. He follows a real estate entrepreneur who sees endless opportunity in the underdeveloped lots of Floridauntil the mortgages for them collapse. And he watches as an Oakland, California-based deliveryman, unable to land a job in the biotech industry, slides into unemployment and a homeless shelter. As Goodman shows, for two decades Americans binged on imports and easy credit, a spending spree abetted by ever-increasing home valuesand then the bill came due.

Yet even in a new environment of thrift and pullback, Goodman argues that economic adaptation is possible, through new industries and new safety nets. His tour of new businesses in Michigan, Iowa, South Carolina, and elsewhere and his clear-eyed analysis point the way to the economic promises and risks America now faces. 

Analyzes the current financial crisis and offers perspectives on how mainstream America may recover, sharing the example stories of a real estate entrepreneur and a prospective biotech employee.

General

ISBN		9780805089806
Fiction/Non-Fiction		Non-Fiction
Publisher		Times Books
Pages		336
List Price		$25.00
Author		Goodman, Peter S.
Publication Date		09/15/2009
Release Status		In Print
Format		Hardcover
Language		English
Measurements		Height: 9.75 Inches (US) Width: 6.25 Inches (US) Thickness: 1.5 Inches (US)