Economic Capital

When it was founded in 1993, Long-Term was hailed as the most impressive hedge fund in history. But after four years in which the firm dazzled Wall Street as a $100 billion moneymaking juggernaut, it suddenly suffered catastrophic losses that jeopardized not only the biggest banks on Wall Street but the stability of the financial system itself. The dramatic story of Long-Term's fall is now a chilling harbinger of the crisis that would strike all of Wall Street, from Lehman Brothers to AIG, a decade later.

Goldstene uses a biographical approach to focus on key figures along a spectrum of political belief as they struggled to reconcile the inherent contradictions of equal opportunity. The Struggle for America's Promise includes such figures as Booker T. Washington, Samuel Gompers, Edward Bellamy, and Emma Goldman, who were more willing to step beyond the boundaries of the discourse about opportunity and question economic competition itself.

A vividly written and timely polemic tackling the burning injustices shaping British society today, Fortress London argues that to address Britain’s manifold problems, we need first to end the hegemony of its capital. Enriched by a vast array of interviews and statistics, it will examine how our individual destinies, from childhood to death, are determined by the disproportionate power of London.