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The $13 Trillion Question

How America Manages Its Debt

edited by David Wessel

The underexamined art and science of managing the federal government's huge debt.

Everyone talks about the size of the U.S. national debt, now at $13 trillion and climbing, but few talk about how the U.S. Treasury does the borrowing—even though it is one of the world's largest borrowers. Everyone from bond traders to the home-buying public is affected by the Treasury's decisions about whether to borrow short or long term and what types of bonds to sell to investors.

What is the best way for the Treasury to finance the government's huge debt? Harvard's Robin Greenwood, Sam Hanson, Joshua Rudolph, and Larry Summers argue that the Treasury could save taxpayers money and help the economy by borrowing more short term and less long term. They also argue that the Treasury and the Federal Reserve made a huge mistake in recent years by rowing in opposite directions: while the Fed was buying long-term bonds to push investors into other assets, the Treasury was doing the opposite—selling investors more long-term bonds.

This book includes responses from a variety of public and private sector experts on how the Treasury does its borrowing, some of whom have criticized the way the Treasury has been managing its borrowing.

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The 3rd ASEAN Reader

by Ooi Kee Beng, Sanchita Basu Das, Terence Chong, Malcolm Cook, Cassey Lee and Michael Yeo Chai Ming

Over the past two decades, ISEAS has compiled abridged articles that analyse key aspects of Southeast Asia's development and the ASEAN process. The ASEAN Reader was published in 1992 just as the Cold War ended, while The Second ASEAN Reader came in 2003 in the wake of the 1997 Asian crisis and the September 11 attacks in 2001. The past decade has not been spared its share of intense changes, with the rise of China and India bringing new challenges to the region's power equation, and the impact of the 2008 global financial crisis. Despite this, the momentum towards an integrated ASEAN community has been maintained. The articles in The Third ASEAN Reader study the trends and events of recent years, and discuss the immediate future of Southeast Asia.

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43 Ways to Finance Your Feature Film

A Comprehensive Analysis of Film Finance

John W. Cones

John W. Cones has updated his now classic 43 Ways to Finance Your Feature Film: A Comprehensive Analysis of Film Finance with a substantially reorganized and expanded third edition.

An essential reference guide for film professionals on every side of film financing, 43 Ways answers the question that every filmmaker and producer ultimately faces, the issue that can make or break any venture into the film industry:  How do I finance my feature film?  The third edition includes updated information and coverage of new options for financing.

In his clear and concise style and with expertise amassed over his nearly twenty years of experience in the film finance industry, Cones breaks financing options down into six main areas:  gifts and grants, investor financing, domestic government subsidies and tax incentive programs, lender financing, international finance options, and studio or industry financing. Beginning with the forms of financing most likely to be accessible to independent feature film producers, Cones proceeds to other forms that become increasingly available as the producer’ s career matures.

As an objective adviser, Cones provides specific, concise information regarding the many possible financing strategies and lists the distinct pros and cons of each strategy.  This guide covers the options for film financing in rich detail so that even first-time producers and filmmakers will be able to make educated and informed decisions about the best approaches to financing their films. An extensive bibliography contains additional information about each form of film finance. Cones also counters much of the bad advice being provided by pseudoprofessional film finance consultants and points out scams that may separate unwary film producers from their money.

Although the book focuses on financing feature films, much of its information is relevant to the financing of other kinds of projects, such as short films, documentaries, videos, and multimedia and theatrical endeavors. Anyone considering making or investing in a feature film will be well served by this practical and helpful guide.

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5 ans de réponse aux catastrophes

En présentant diverses expériences vécues en situation de crises ou de catastrophes, ce volume s'adresse à toute personne qui de près ou de loin joue un rôle dans la réponse aux grandes urgences : les responsables des services d'incendie, de police, de communication, de sécurité civile, les médecins, infirmières, psychologues, ambulanciers, militaires, les dirigeants d'entreprise à risque, enfin, tous ceux qui, faisant face à des situations graves, devront prendre des décisions et poser des gestes concrets en évitant les erreurs coûteuses et néfastes pour la confiance du public et le bien-être des victimes. Saint-Basile-le-Grand, Boucherville, Saint-Jean-sur-Richelieu, Saint-Amable, Kahnawake, Châteauguay, Saint-Hyacinthe, VY Plus de Cowansville, Sainte-Julie, Saint-Lambert.

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The Academic Mind and Reform

The Influence of Richard T. Ely in American Life

Benjamin G. Rader

For over two generations economist Richard T. Ely popularized a wide spectrum of significant liberal social principles and mirrored many of the dilemmas, frustrations, and successes of the academician as a reformer. He was the originator of many ideas that agitated American reform circles in the late nineteenth and early twentieth centuries, and unlike most professors of his time, he frequently engaged in the public controversies that raged around the crucial social issues of the day.

Through the use of Ely's vast published writings and his large collection of personal papers, Benjamin G. Rader shows him to have been the most provocative spokesman in America of the New Economics which was an important stimulus to the reform efforts in the late nineteenth century. The New Economics inaugurated the institutional economics of the twentieth century and influenced such men as John R. Commons, Thorstein Veblen, Wesley C. Mitchell, and later John K. Galbraith.

Ely's influence on higher education, Rader concludes, was inestimable. His ideas embodied the antecedents of modern welfare economics, but he was also an important figure in promoting the then-new disciplines of political economy, sociology, agricultural economics, and land economics.

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The Academic Scribblers

William Breit

The Academic Scribblers offers a thoughtful and highly literate summary of modern economic thought. It presents the story of economics through the lives of twelve major modern economists, beginning with Alfred Marshall and concluding with Paul Samuelson and Milton Friedman. In a very real sense, this book picks up where Robert Heilbroner's classic The Wordly Philosophers leaves off. Whereas Heilbroner begins with Smith and ends with Joseph Schumpeter, Breit and Ransom bring the story of modern American and British economic theory up to the 1980s. The Academic Scribblers is an elegant summary of modern economic policy debate and an enticement into a happy engagement with the "dismal science" of economics."

Originally published in 1998.

The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These paperback editions preserve the original texts of these important books while presenting them in durable paperback editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.

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Acceptable Risks

Politics, Policy, and Risky Technologies

C. F. Larry Heimann

Complex and risky technologies--technologies such as new drugs for the treatment of AIDS that promise great benefits to our society but carry significant risks--pose many problems for political leaders and the policy makers responsible for overseeing them. Public agencies such as the Food and Drug Administration are told by political superiors not to inhibit important technological advances and may even be charged with promoting such development but must also make sure that no major accidents occur under their watch. Given the large costs associated with catastrophic accidents, the general public and elected officials often demand reliable or failure-free management of these technologies and have little tolerance for the error. Research in this area has lead to a schism between those who argue that it is possible to have reliable management techniques and safely manage complex technologies and others who contend that such control is difficult at best. In this book C. F. Larry Heimann advances an important solution to this problem by developing a general theory of organizational reliability and agency decision making. The book looks at both external and internal influences on reliability in agency decision making. It then tests theoretical propositions developed in a comparative case study of two agencies involved with the handling of risky technologies: NASA and the manned space flight program and the FDA's handling of pharmaceuticals--particularly new AIDS therapies. Drawing on concepts from engineering, organizational theory, political science, and decision theory, this book will be of interest to those interested in science and technology policy, bureaucratic management and reform, as well as those interested in health and space policy. C. F. Larry Heimann is Assistant Professor of Political Science, Michigan State University.

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Accounting in Small Business Decisions

James L. Gibson and W. Warren Haynes

Accounting in Small Business Decisions presents the first large-scale empirical examination of how small firms use accounting data to make operating decisions.

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Achieving the ASEAN Economic Community 2015

Challenges for Member Countries and Businesses

Sanchita Basu Das

ASEAN leaders proclaimed to create an ASEAN Economic Community by 2015. But achieving the target requires cooperation and coordination both within and among the ten ASEAN economies. Currently, with countries having varying considerations towards complete liberalization, protectionism still persists in certain sectors of the economies. A lot of work needs to be done in addressing the domestic reforms, the gaps in infrastructure, the lack of human resources and adequate institutions. Moreover, it is the businesses whose decisions and actions will help the region to achieve an effective integration. The policymakers have vital roles to play in raising the engagement of the private businesses in ASEAN matters. As time is limited, one way for ASEAN is to focus on "core" elements of integration and implement them earnestly in the shortest possible time. The rest of the process, as envisaged in the AEC blueprint, can follow beyond 2015. This book examines the state of readiness of the member countries for regional integration and discusses the challenges to ASEAN businesses. It gives policy recommendations to address some of the issues faced by the key stakeholders.

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Advances in Economic Forecasting

Matthew L. Higgins, Editor

This book's contributors assess the performance of economic forecasting methods, argue that data can be better exploited through model and forecast combination, and advocate for models that are adaptive and perform well in the presence of nonlinearity and structural change. The contributors are: Michael D. Bradley, Dean Croshure, Dennis W. Jansen, Kajal Lahiri, Tae-Hwy Lee, David E. Rapach, and H.O. Stekler.

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