Showing posts with label daily show. Show all posts
Showing posts with label daily show. Show all posts

My American Unhappiness Review

My American Unhappiness
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This is a novel that I was very excited to read, because it deals with a very relatable issue for people my age, the "Gen Y" crowd. That is the issue of our collective unhappiness, our dissatisfaction with life in general. In recent years I've personally dealt with this issue, mainly stemming from job frustration and having a BA degree that I've never really used. My friends and family have all at one point expressed a similar feeling of general malaise, whether it be related to jobs, relationships, money, or living situations. So why are Americans so unhappy?
In My American Unhappiness, Zeke Pappas tries to find the answer to that very question. As the head of a project called "The Inventory of American Unhappiness," he collects interviews with people across the nation in an attempt to distill a singular answer to why, despite greater (relative) wealth and opportunity than people of other countries, Americans are generally unhappy. While working on this project, Zeke finds himself entering a dark period of his own life. He is trying to come to terms with being a young widower, while taking care of his sick mother and fighting for custody of his orphaned nieces.
This is a very deep and meaningful story, with an unexpected plot twist and a surprisingly uplifting ending. Well written and thought-provoking, the book is filled with poignant comments on the hopes of young Americans:
"...that life will offer you much, that you will have choices upon choices set out before you like a feast, and all you have to do is choose the kind of happiness you would like to pursue."
And the reality when they grow up:
"...you don't care how somebody's novel, thesis, art, job, marriage, life is going...because you simply don't have the energy to hear about other people's struggles and triumphs. Your own joys and woes are exhausting enough, aren't they?"
The characters are interesting and complex, especially the character of Minn. On the surface she is a typical "girl who majored in Humanities but now works at Starbucks," but her positivity provides a nice contrast to Zeke's cynicism.
The only thing that detracted from the book was the political commentary. For me the intermittent side remarks about Bush, Obama, and 9/11 did little to help me understand Zeke's character, and struck me as self-indulgent on the part of the author. They bordered on obnoxious and did nothing to advance the story.
That being said, My American Unhappiness is a valuable novel to read, because it speaks to the sentiments of many modern Americans. If you've ever woken up one day and thought "this isn't what my life was supposed to be like," you can get something out of this book.


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I'm Dreaming of a Black Christmas Review

I'm Dreaming of a Black Christmas
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If are a fan a Lewis Black, you will thoroughly enjoy this book. Unlike his classic "Me Of Little Faith" (which ranks in my top 5 of all-time) -- Black Christmas offers a very personal side to Lewis with of course a mix of his impression on the yuletide season. It's a fast read, it is extremely funny in spots but most of all -- the reader gets a glimpse of the real Lewis Black.

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From Lewis Black, the uproarious and perpetually apoplectic New York Times-bestselling author and Daily Show regular, comes a ferociously funny book about his least favorite holiday, Christmas. For most people, Christmas is a time of peace and goodwill. But most people are not Lewis Black. Like Dickens's most famous curmudgeon, Black says Humbug! to carols, holiday dinners, Christmas trees, decked halls, and boughs of holly. In I'm Dreaming of a Black Christmas, he dares to celebrate the holiday season the only way he knows how: by letting loose on all things Yule. From Thanksgiving, when the holiday really begins, through Christmas Eve, when Black takes a moment to determine who in his life has been naughty (nearly everyone), to the saga of his annual visits to friends and their families every Christmas Day, the comedian reveals his most harrowing and hilarious holiday moments, not only inspiring laughter but also bringing into focus the true reason we gather together at this time of year. All new, and sure to delight fans both new and old, I'm Dreaming of a Black Christmas is an instant holiday classic: funny, razor- sharp, the insightful, and quintessential Lewis Black.

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Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance Review

Guaranteed to Fail: Fannie Mae, Freddie Mac, and the Debacle of Mortgage Finance
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On a forum such as Amazon, book readers are free to write whatever reviews they like; but when they completely miss the point, throw in quotes out of context, and mistakenly ignore important sources of data used in a book, authors feel compelled to respond. In response to the review and exchange by "nycreader1", we suggest that readers should consider our clarifications below and also look at what we believe are more balanced and accurate book reviews provided in the Financial Times and Bloomberg:
[...]
The title "Guaranteed to Fail" refers to the fact that the GSEs took on the credit risk of almost 50% of the mortgage market with very little capital. It is also an intended pun as they were for all practical purposes guaranteed by the government.
With respect to the reviewer ("nycreader1")'s points concerning gaps and omissions, we beg to differ:
(1) The fact that the GSE mortgages were higher quality than others is discussed in the book, but unfortunately those mortgages were not sufficiently high given that the GSEs held less capital (much higher leverage), as confirmed by their eventually facing losses in the range of (at least) $200 billion.
(2) The government-sponsored hedge fund reference is only meant to describe their risk taking, with the focus on "government-sponsored" not just on hedge fund, nor to say that they were actually organized as a hedge fund. Their extensive use of derivatives to hedge some of their interest rate risk is consistent with that terminology.
(3) The reviewer's comment on interest rate risk is taken out of context. The book explains how analysts and academics missed the boat by not focusing on the credit risk of the GSEs' holdings and guarantees -- i.e., by not realizing that the mortgages were not sufficiently safe relative to the GSEs' (far too thin) capital levels.
(4) Our reference to the accounting scandals is made in passing and is used just to explain why their mortgage portfolios didn't grow. We are unsure why these scandals should be necessarily have been called "frauds". More importantly, we do make a compelling case that there were portfolio and leverage issues at the GSEs even post-accounting scandals.
(5) We do describe the GSE loan performance. The data used are primarily those of Fannie and Freddie themselves, and their regulator (the FHFA). We in fact went to great lengths to ensure our conclusions were consistent with their own data. We don't "rely" on Pinto's data (which the reviewer claims in a response to a comment) but offer it only as corroborative evidence (see pp. 37-38).
Of course, we had to rate the book to post this review and we have rated it as 5-star, but the point was to convey that we have researched hard on the GSEs before putting this book out,
unlike what the review by nycreader1 (mistakenly) asserts.
- Viral Acharya, Matthew Richardson, Stijn van Nieuwerburgh and Lawrence J. White, authors of Guaranteed to Fail

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2030: The Real Story of What Happens to America Review

2030: The Real Story of What Happens to America
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Wow! I was intrigued by the description of the book, "2030: The Real Story of What Happens to America" by Albert Brooks, but it was even better than I imagined it was going to be. This was one of those books that I stayed up reading til the early morning hours and then got up a few hours later to continue. It was engaging from the first pages right through to the end. It's a book that's described as science fiction but it's not one of those "woo-woo" types of stories with a flying saucer in every garage, but rather a world that is easy to imagine 19 years from now, based on the way things are today.
I'm not going to include any spoilers beyond the description by the publisher because it's just too good of a book and you have to let it unfold page by page. A big part of it is about today's baby boomers which are now a major part of the population and growing rapidly after the cure for cancer and many other life enhancing discoveries. That leaves the younger generation responsible for a country deeply in debt and seemingly no way of having the quality of life that previous generations had. A huge 9.1 earthquake in L.A. threatens to destroy the economy. A little over a month ago, an earthquake that large might have seemed like way-out-there fiction but it's certainly believable now.
The characters which include the president and other politicians, young adults, people in their eighties and nineties who are still leading productive lives and millionaires and billionaires, are all colorful characters. Brooks tells the story from all of their points of view, switching from one to the other throughout the book. It's about a lot more than just the aging population and will undoubtedly get you thinking. There are a lot of pages, but there is so much going on, the pages just fly by. I was sad to see this story end. I hope Albert Brooks intends to write a sequel, maybe "2035" because I'm so intrigued by these characters now and would love to know where they and the country are a few years later. Two thumbs up for this mind-blowing book!


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Lost in Shangri-La: A True Story of Survival, Adventure, and the Most Incredible Rescue Mission of World War II Review

Lost in Shangri-La: A True Story of Survival, Adventure, and the Most Incredible Rescue Mission of World War II
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This book is a true story, but Mitchell Zuckoff does such an amazing job of telling it that reads much like a novel in that it grabs you right from the beginning, and for me, was darn near impossible to put down. Imagine going on a fly-over sight seeing tour of one of the most beautiful mountain jungle areas in the world to see an almost hidden, untouched valley and then crashing into a mountain and being one of the few survivors trying to find a way out. But getting out or back to the base isn't easy in a place with no roads or paths, just dense rain forest vegetation, a huge tree canopy and tangled vines both above and below you. Imagine being injured with open wounds and having to exist in a place that's perpetually wet and steaming with all sorts of bacteria and fungi and little to keep it out. You don't even want to think about all the bugs and critters that call this place home. Add to that the stories you've heard about spear throwing, cannibalistic natives and you wonder how these people didn't give up right then and there.
Having read the description of the book and knowing that it was a rescue and reading pretty much what the outcome was, I was a little concerned that the book might not hold my attention. But, not to worry, as soon as I started reading I was mesmerized by the amount of detail and how gripping the story was. Mitchell Zuckoff notes that no liberties were taken with any of the facts, characters, dialog or chronology which must have made it a double challenge for him to put the diaries, notes, news stories and newsreels and interviews all together in a way made me feel like I was there, personally involved with these people.
Besides being such a good read, it added to my knowledge of the history of WWII. With so many battles going on all over the world, New Guinea isn't a place that you read that much about in history books on the war. This book tied a lot of what was going on in that area together for me. There are lots of characters in this book besides just the survivors and Zuckoff gives us the background stories on several of the rescuers and people at the base camp as well as some of the politics of the time. He does it in such a way that it doesn't interrupt the main action, but rather adds to the insight and makes it that much more interesting.
This would be a good book for any World War II buff, history lovers, action adventure enthusiasts, and really, anyone who just loves a good read. And because one of the main characters in this story is a woman who enlisted in the WAC, I think it would be equally interesting for both men and women. Two thumbs up for this great book that left me blurry eyed this morning after "just one more page" kept me up the better part of the night to finish it.


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