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Item Information   Holdings     Summary     More Content       More by this author     Garson, Barbara.     Subjects     Income distribution -- United States -- History -- 21st century.     Equality -- United States -- History -- 21st century.     Global Financial Crisis, 2008-2009.     Browse Catalog     by author:      Garson, Barbara.       by title:      Down the up escalato...         MARC Display

Down the up escalator : how the 99 percent live in the Great Recession / Barbara Garson. by Garson, Barbara. New York : Doubleday, c2013. Subjects Income distribution -- United States -- History -- 21st century.   Equality -- United States -- History -- 21st century.   Global Financial Crisis, 2008-2009. ISBN:  9780385532747 (hardback) 0385532741 (hardback) Description:  271 p. ; 25 cm. Edition:  1st ed. Contents:  Introduction: What caused the Great Recession (in three scenes and one phone call) -- Our jobs. The pink slip club ; Down by the banks of the Ohio ; Innovating the jobs away ; Even bankers can be unemployed -- Our homes. Show me the mortgage ; Bubble birth control ; Underwater and up the creek ; Strategic default ; An upright man ; The house belongs to them ; An old-fashioned foreclosure with a modern twist -- Our savings. Three investors ; Rich or poor, it's good to have money ; The perfect twofer ; Down is a dangerous direction ; To be continued... -- Influences, debts, and love. Requests:  0 Summary:  "An intimate look at the lives of Americans who have been affected, in very different ways, by the 2008 Recession"-- Journalist Barbara Garson shows us the real human cost of our economic follies. The Great Recession has thrown huge economic challenges at almost all Americans save the super-affluent few, and we are only now beginning to reckon up the human toll. This book is an urgent dispatch from the front lines of our vast collective struggle to keep our heads above water. Garson has interviewed an economically and geographically wide variety of Americans to show the painful waste in all this loss and insecurity, and describe how individuals are coping. Her broader historical focus, though, is on the causes and consequences of the long stagnation of wages and how it has resulted in an increasingly desperate reliance on credit and a series of ever-larger bubbles--stocks, technology, real estate. This is no way to run an economy, or a democracy. This sobering picture of what happens to a society when it becomes economically organized to benefit only the very rich and the quick-buck speculators also demonstrates the wit and resilience of ordinary Americans.--From publisher description.   Copy/Holding information Location Collection Call No. Status   Hawaii State Library Business, Science & Technology 339.22097 Ga Checked In Add Copy to MyList Hilo Public Library Adult Nonfiction 339.22097 Garson Checked In Add Copy to MyList

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