Business Money Books


E-Book-Store-->Business Money-->76
Related Subjects: Money Leadership Personal Finance Management Careers Employment
More Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250
Business Money Books sorted by Bestselling .

Business Money
The Complete Idiot's Guide to Managing Your Money, 4th Edition (Complete Idiot's Guide to)
Published in Paperback by Alpha (2005-03-01)
Authors: Robert K. Heady, Christy Heady, and Hugo Ottolenghi
List price: $18.95
New price: $8.00
Used price: $3.02

Average review score:

Mediocre
Helpful Votes: 0 out of 0 total.
Review Date: 2008-08-27
This book is really not that good. It is ok and has a few sharp, interesting comments on banks and banking services, but overall, it has very little that is original to say. I would not recommend it to anyone. It got 2 stars because at least I didn't notice to many errors in it. It was a tedious book.

The Complete Idiot's Guide to Managing Your Money, Second Ed
Helpful Votes: 17 out of 18 total.
Review Date: 2001-06-03
I love this book! Before reading this book, I wondered how anyone could ever save money in the world today. It has helped me to mangage my money easily. An easy to read book, which I use now as a reference whenever I have a question concerning my personal finances. I finally started a 401K, bought a house, a new car, and I am finally learning to save some money,instead of living paycheck to paycheck.

Highly Recommended for Everyone
Helpful Votes: 4 out of 6 total.
Review Date: 2001-05-25
Anyone can easily understand and make a decision about their personal financial future, and also what the best approach for getting out of debt. Good analogies-

Thank you for helping me Manage my Money!
Helpful Votes: 5 out of 5 total.
Review Date: 2001-05-25
Contrary to some of the reviews I've read here, this book really helped me out with Managing my Money. I now have better control over my finances and am almost out of debt. The simple secret is applying what they teach.

If You Know Nothing About Financing; Start Here...
Helpful Votes: 6 out of 6 total.
Review Date: 2003-07-06
This has the basic knowledge need to manage your finacing ranging from simple budgeting, credit, stocks and mutual funds, Certificate of Deposit, how to read the market and the prime rate and what it all means. Also, it provides the mental mindset you need to manage and spend money properly, without resorting to short term spending splurges. There's tables for calcuating college funds, morgages, and retirements but most importantly how to avoid the many traps and scams many vendors use to make money off of you without providing any extra services. The one thing I found somewhat worrysome is the way the authors protrayed the banks and other institutions to the point of scaring the reader into being nearly paranoid of all financial instistutions. The fees these institutions charge are describe in the book with good details. A good "how to avoid pitfalls" book.


Business Money
Marginal Gains: Monetary Transactions in Atlantic Africa (Lewis Henry Morgan Lecture Series)
Published in Paperback by University Of Chicago Press (2004-03-01)
Author: Jane I. Guyer
List price: $15.00
New price: $14.22
Used price: $17.66
Collectible price: $38.30

Average review score:

superb!
Helpful Votes: 0 out of 3 total.
Review Date: 2004-03-20
what an amazing book! i loved the style of short lectures that were easily disgestible.


Business Money
A History of Money: From Ancient Times to the Present Day
Published in Paperback by University of Wales Press (2002-11)
Author: Glyn Davies
List price: $34.95
New price: $31.45
Used price: $24.15

Average review score:

Easy to read, fascinating, and fun exploration of money
Helpful Votes: 19 out of 20 total.
Review Date: 2005-08-15
This is one of my favorite books related to history and economics.

The former Professor Davies has given us a wonderful collection of stories about the original forms of money used and the evolution of money and financial institutions. This is a book that will appeal to a historian, anyone working in the financial sector, anyone interested in economic development or the development of economic and business institutions.

My favorites are the stories about primitive, commodity money, such as giant stones way too big to pack around or exotic teeth! My second favorite stories are those of the Goldsmiths of Engand, who were the first commercial bankers in western Europe. I encourage you to read this book and find your own favorite chapters.

A solid, detailed study bordering on the tedious
Helpful Votes: 8 out of 9 total.
Review Date: 2007-12-23
This history of money is very thorough and detailed. There are good pages on Ancient Greece and Rome which are very interesting and rarely found in similar studies. Yet I found the book disappointing and rather pedestrian, hiding the forest behind the trees. It is very descriptive, with a lot of material about the development of banking regulations, which I found a bit boring. It's also very Anglo-centric: more than half the book is dedicated to British banking and monetary history.

For a "big picture" yet very clear history of money, I found Galbraith's book "Money, whence it came and where it went" much, much better - and much shorter. I also recommend "the Great Wave" by David Hackett Fischer, which, although not as rigorous, is a fascinating read.

Best History of Money Yet Published
Helpful Votes: 8 out of 9 total.
Review Date: 2007-07-31
Almost all English-language books on the history of money are extremely eurocentric. They are written as if the world outside of western Europe did not have an economy before Europeans colonized it. As far as I know, Glyn Davies has written the only monetary history book that dedicates more than a few token pages to non-Western and pre-modern economic history. It is perhaps the only book on the history of money with a truly global scope.


Business Money
Timing the Market: How To Profit in the Stock Market Using the Yield Curve, Technical Analysis, and Cultural Indicators
Published in Hardcover by Wiley (2005-11-04)
Author: Deborah Weir
List price: $65.00
New price: $34.99
Used price: $34.00

Average review score:

Excellent
Helpful Votes: 0 out of 0 total.
Review Date: 2008-01-14
I strongly recommend this book for every investor. It covers all the major market timing techniques and does a great job in explaining them. The book is comprehensive, well organized, and well explained. There is only one chapter that I really hated --chapter 16 which talks about the relation between trends in woman beauty and the market. This chapter should just be removed from the book; luckily it is only 10 pages long!

EXCELLENT !!! THE BEST INVESTING BOOK I EVER READ.
Helpful Votes: 0 out of 8 total.
Review Date: 2006-12-12
THIS BOOK IS GREAT ! NOT ONLY TELLS YOU WHY BUT ALSO GIVE THE FACTS AND SHOW TO YOU HOW YOU CAN READ THE MARKET AS THE PROFESSIONAL MONEY MANAGERS DO IT ALL THE TIME. YOU ALWAYS WANT TO BE IN THE RIGHT SIDE OF THE MARKET, THIS BOOK TEACHED ME HOW TO DO IT. THANK YOU DEBORAH !!!

Great Investment Informtion On Interet Rate Cycles
Helpful Votes: 1 out of 3 total.
Review Date: 2007-06-26
I'm on my second reading and taking notes. This is the book you want if your interested in which market to be invested in and when. Inside information about the way fund managers think and act. Knowing when to be in stocks, bonds or gold is the most important information one can have when putting your money on the line....Deborah Weir's book,Timing the Market: How To Profit in the Stock Market Using the Yield Curve, Technical Analysis, and Cultural Indicators, does just that. My advice after being in the financial markets for over 45 years is...don't invest without this knowledge.

POS! Danger -- Don't make the same mistake I made!!
Helpful Votes: 12 out of 13 total.
Review Date: 2007-08-03
I bought this book awhile ago. Studied it. It all sounded so good. And then I tried to recreate the buy/sell signal data.... If you already own the book and are using it to make investment decisions, be sure to try this exercise and answer the question at the end.

Go to Appendix 2.1 on page 333. Let's dig into the sell signal on "2000-08-01" as an example. First of all, as Weir explains in her book on page 15-16, the Treasury data is a monthly average. The Three-Month Bill entry is 6.09. That is an average of the 3-month yields from 8/1/2000 to 8/31/2000 (using the daily rates from H.15 3-month Treasury Bill secondary market rate data). Since that is an average, it is known on 8/31/2000 at the earliest. The same is true for the Ten-Year note and therefore the yield spread. Other than the misleading date name in the table (2000-08-01), so far so good.

Now we have a signal to Sell on 8/31/2000, right? The S&P 500 Index for 8/31/2000 is 1517.68. (Yahoo's daily historical Prices for S&P 500 INDEX,RTH (^GSPC)). The "2000-08-01" entry in the book shows 1430 which is what the S&P 500 Index was for 7/31/2000, a month earlier. The same is true for all the entries in appendix 2.1.

So the question is: how is it that you can buy and sell an index based on signals you won't know until a month later?

What a scam!!

An overall disappointing effort
Helpful Votes: 32 out of 34 total.
Review Date: 2006-12-29
I approached this book with an inclination to like it. I'm a firm believer in market timing, and I jumped at the chance to learn some new ideas about using the fixed-income markets to time the stock market. I have to say, though, that I came away from Timing the Market frustrated and disappointed. Here's why.

Throughout the book, there is a chart detailing various buys and sells that one supposedly could have made using the author's timing system. However, rather than deriving these buy and sell points systematically, the author seems to arbitrarily choose buy and sell points that would have worked best in retrospect--regardless of whether they fit into a coherent, replicable system or not.

For example, in chapter 7 the author adds buy points to her chart right after the waterfall declines in October 1987, September 1998 and September 2001. What is the rule that guides these choices? Apparently, it is that the Fed lowered the fed funds rate at least one-half of one percent after a crash of some kind. This rule is apparently a sufficient but not a necessary condition of buying because numerous other buy points on her chart don't involve this rule at all. So IF you hadn't already committed funds because of other rules, you MIGHT have been able to buy then.

Later in the book, on the basis of a breadth-based rule about the Dow 30, the author erases the September 2001 buy signal and records a buy signal for her system on July 19, 2002, near the ultimate bottom of the bear market. This is based on the fact that all 30 Dow Jones Industrial Average stocks declined on the same day. I see IN RETROSPECT why she did this, but how would you have known in September 2001 to wait for the later buy signal? The author does not address these kinds of questions at all, as far as I can tell. As I said, frustrating and disappointing.

There may be value in Ms. Weir's concepts, but she has far to go if her aim is to develop a rigorous market timing system, in my opinion.


Business Money
How to Make Money in Stocks: A Winning System in Good Times and Bad
Published in Paperback by McGraw-Hill (2009-04-10)
Author: William J. O'Neil
List price: $16.95
New price: $11.53


Business Money
The Money Therapist: A Woman's Guide to Creating A Healthy Financial Life
Published in Paperback by Seal Press (2008-03-06)
Author: Marcia Brixey
List price: $15.95
New price: $7.99
Used price: $6.99

Average review score:

Not Good
Helpful Votes: 0 out of 0 total.
Review Date: 2008-06-01
This book is a waste of money. Don't fall for it. This book is geared towards women who have no experience with money, which is why I suggest a Suze Orman book instead. This book was mostly filled with small advice from women who've gotten their finances in order. There are advice boxes on nearly every page, which means that most of the book is words from other people and NOT the author. The writing style was very slow, which made reading the book very slow. Overall, I'm upset I paid full price for it. I also suggest The Money Coach's Guide to Your First Million by Lynnette Khalfani. Her book is very easy to read. Filled to the brim with numbers and statistics that make you feel good about your chances of becoming a millionaire. One section showed how bad credit cost a man over $1 million dollars over his lifetime - while his friend saved $1 million by having good credit. Unbelievable but true. People with bad credit consistently overpay for the same items. Lynnette Khalfani's book is surprisingly a gem.

This is THE book for your financial new beginning.
Helpful Votes: 0 out of 0 total.
Review Date: 2008-05-26
If passion had a picture it would be Marcia Brixey. Her gentle yet pin-point focus on freeing women from financial disaster through accessible empowering personal education at each well choreographed MoneyWi$eWomen seminar up and down the west coast has been the first step in financial awakening for thousands of women.

All too often women don't know what they don't know. It takes a compassionate woman like Marcia to help other women gently assume their own financial responsibility and accountability and reach their personal financial potential. With Marcia's book, "The Money Therapist" women across this great nation will have insights, experiences and instruction at their finger tips whereby they can attend to their financial house and build a stronger foundation for their financial future.

The book is crammed full of real live women's experiences and clear step-by-step how-to's and the correct actions to take. Start here with an investment in yourself with "The Money Therapist."

The Money Therapist: A Woman's Guide to Creating A Healthy Financial Life
Helpful Votes: 0 out of 0 total.
Review Date: 2008-04-25
The Money Therapist is excellent reading for anyone interested in getting their financial house in order. The step by step information on getting out of credit card debt and safeguarding against identity theft are especially helpful. If you have nagging debt issues, this is the book for you.

Invaluable book
Helpful Votes: 0 out of 0 total.
Review Date: 2008-04-25
Marcia Brixey has written an invaluable book for people who are ready to take control of their money. She teaches you how to get out of credit card debt, create a stable financial future, and use goal setting to live the life of your dreams. The best part about this book is its simplicity. Marcia is genuine; she connects with the reader and helps you achieve great financial success. Review by Sandra Smith, president of Aspire Seminars and
author of Get What You REALLY Want Without the Guilt.

The Money Therapist
Helpful Votes: 0 out of 0 total.
Review Date: 2008-04-24
This book is very well written, organized and easy to follow. A MUST read for anyone wanting to put their financial house in order.


Business Money
Play The Real-Life Money Game With Your Teen
Published in Paperback by The Real-Life Money Game, LLC (2006-11-20)
Author: Sarah Williamson
List price: $23.95
New price: $23.95
Used price: $19.95

Average review score:

Educational and Fun!
Helpful Votes: 0 out of 0 total.
Review Date: 2008-08-02
"Play The Real-Life Money Game with Your Teen" is a very insightful and educational book. As both a parent and a working professional I enjoyed this book because it provides great financial information not only for teenagers but also adults. I highly recommend this book as an important tool to develop life-essential skill sets for the young and the experienced. This book is easy to understand and organized clearly to teach the basics of money management. It's a must read for teens and for parents!

A great resource for teens and a great reminder for adults!
Helpful Votes: 0 out of 0 total.
Review Date: 2008-01-25
A friend told me about this book and I'm so glad she did. Experience counts in this informative resource; I appreciate that the author is both a professional but also a "real-life" mom! As I work through the book with my sons, it also serves as a refresher for me of solid money management principles and healthy fiscal habits. Yet another life skill I want my sons to have before they are out on their own.

Fun, fun, fun!
Helpful Votes: 0 out of 0 total.
Review Date: 2007-04-21
I would have never believed that talking to your kids about money could really be fun. But this book really does make it simple and entertaining. We thought it was easy to use although when we first received it it seemed a little daunting.
It was well worth the effort and we really did have fun and learned a lot.

A great book to get your teens on track financially!
Helpful Votes: 1 out of 1 total.
Review Date: 2007-12-05
This book was a treat to read, in that it answers so many of my questions and concerns about how to teach my kids financial planning and responsibility and how to teach them to understand the value of money. I feel like I have a plan now and know how to go forward. All I had before was a general sense of knowing this topic is important and that it is my job to teach my kids this because no one else will. The author affirms these feelings, then sets out to teach me how to help my kids to become responsible money managers. This is such an important topic and the author presents it in a very readable, practical, and understanding manner. She makes it all seem doable!

Play the Real-Life Money Game with your teen
Helpful Votes: 2 out of 2 total.
Review Date: 2007-03-13
As I delved further and further into this book I began to wish I could turn the calendar back on my three children, now 20 somethings, and put this into practice. There are definitely skills to be learned from this book that any age person who is interested in getting a handle on their money and learning how to manage it can utilize. The worksheets are useful, the explanations are clear and I suspect that parents who put this into practice with their teens will learn right along with them. The rewards for all involved will be lifelong. The book is sturdy enough to handle lots of thumbing through and to survive trips to the copy center to duplicate the worksheets. The index is a big plus and the highlighted boxes in the text summarizing major points help reinforce the learning. I would recommend to any parent to put this game into practice!


Business Money
Credit Derivatives Handbook: Global Perspectives, Innovations, and Market Drivers (McGraw-Hill Finance & Investing)
Published in Hardcover by McGraw-Hill (2008-07-02)
Authors: Greg N. Gregoriou and Paul U. Ali
List price: $95.00
New price: $49.41
Used price: $41.65

Average review score:

impressive rigour
Helpful Votes: 1 out of 2 total.
Review Date: 2008-08-25
The authors explain credit derivatives with impressive rigour. The book marshals contributions from academics and industry professionals.

One distinguishing aspect is the chapter on Islamic finance. While there have been books on this subject, rarely does it seem discussed in the context of credit derivatives. Yet the contortions necessary to avoid the payment of interest often seems to lead to a financial instrument that can indeed be called a credit derivative. We see how the shifting of ownership and risk, and the decoupling between these, gives rise to derivative structures.

Credit default swaps are also covered in the text. You see their common makeup and how pricing can be determined.

The maths in the book is sophisticated and often necessitates a strong background in maths or the sciences.


Business Money
The Washing Machine: How Money Laundering and Terrorist Financing Soils Us
Published in Hardcover by Texere (2005-05-24)
Author: Nick Kochan
List price: $31.95
New price: $12.00
Used price: $12.00

Average review score:

A Good Introduction But not an Academic Work
Helpful Votes: 0 out of 0 total.
Review Date: 2007-07-03
Kochan's book is a good grounding introduction in the phenomenon of international money-laundering and I would reccommend it for any individual starting off in the area of financial crime. However, for the experienced practitioner nothing in the book is new and indeed some of the case studies presented by Kochan are in places more anecdotal than scientific. Therefore, if you are seeking advice and guidance on the features and characteristics of the most up to date thinking in the area I would reccommend more academic publications such as the FATF reports. Nevertheless the individual case studies are illuminating even if they do indulge a little in the sensational.

ultimately naive and silly
Helpful Votes: 0 out of 4 total.
Review Date: 2006-05-13
This book is, ultimately, a naive and silly approach to a serious subject. I am afraid that the author comes too late to the game and brings too little. Worth a miss.

Twin Peaks
Helpful Votes: 1 out of 5 total.
Review Date: 2006-06-05
The perverse pursuit of the terrible twin peaks of power and pleasure has, from time immemorial, driven human beings to engage in truly astonishing flights of creative genius, not least with regard to matters financial. Aficionados of the money launderer's art will find much to engage them in The Washing Machine as Nick Kochan, the distinguished investigative journalist, cruelly and clinically strips away not only the glittering corporate faýade of many an august institution to reveal the greedy, cynical inner launderer, but also the glittering Armani suit of many a Mafiosi cash smuggler to reveal the commodiously customised inner boxer shorts.
Kochan takes absolutely no prisoners in this pitiless forensic dissection of the modus operandi of both primary and secondary players of the game - the criminals and terrorists and those who provide succour and assistance in the intricate business of transforming the fruits or means of their nefarious activities into apparently legitimate sources of income to be safely deposited in one of the many idyllically located, fabulously discreet and oh so conveniently "tax neutral" offshore jurisdictions.
For those of a Panglossian disposition - who inhabit a world in which an occasional proverbial bad apple may turn up in an otherwise virtuous corporate or political barrel - this book may prove to be a truly disturbing read.
It will, however, be warmly welcomed by those who affect a more jaded attitude to world affairs as an assiduously researched and deeply satisfying rounding up of both the usual- and some of the more unusual - suspects.
But for those who are perched precariously on the fence that lies between these two extremes and are engaged in the anti- money laundering industry as regulators, practitioners or educators, this book will prove to be an invaluable resource.
The first UK anti money laundering statute, the Drug Trafficking Offences Act of 1986 simply addressed the obvious target of dope dealers seeking to slide duffel bags stuffed with cocaine dusty fivers over the counters of their local high street banks. In the mid 1980s, traditional organised crime groups, such as the Sicilian and Detroit Mafia were very much in the frame of those seeking to outlaw money laundering. The Medin case was a classic example of the use of London solicitors and offshore Jersey shell companies to launder the proceeds of the US Mafia cocaine trade at the rate of $500,000 per week. Meanwhile, the Brinks- Mat bullion robbery was one of the high profile cases from that era which created pressure for the scope of laundering liability to be extended beyond merely the proceeds of drug trafficking. Members of that syndicate notoriously would withdraw enormous sums of money in cash and carry it from high street banks in black bin liners to the extent that so many notes were supplied to the regional office of one particular bank that the Bank of England had to notify the Treasury. No alarm bells were sounded by any of the institutions involved about the massive quantities of gold or money that were being moved around.
It is a measure of just how radically the legal climate has changed that such a state of affairs would be utterly unthinkable today. The notion of money as a commodity exhibiting the characteristic of absolutely negotiability as a means of exchange - an instrument which may be taken completely free of the equities - whose origins are of no concern to the transferee - is but a distant memory.
As those of us who have reason to deal with these matters are only too painfully aware, in the past twenty years the areas of potential liability for money laundering have been remorselessly extended to encompass an ever widening range of occupations and professions.
Those seeking examples and case studies to illustrate the money laundering potential and propensities of such businesses whose owners and employees may be liable if they fail to take adequate cognisance of the provenance of their customers' funds are amply catered for in The Washing Machine.
To take, for example, the current Money Laundering Regulations list which -apart from the obvious traditional financial institutions related activities -now includes, inter alia:

* Provision of accountancy and auditing services: ( Russian mafia p 18)

* Provision of legal services: (launderers in London : p 260 )

* Operating a company formation business: ( BoNYGate case chapter 2)

* Bureaux de change and money service operators :-( Ussama El-Kurd case p 227)

* Operating a casino: -( both in the real world and cyberspace pp 7, 134 and 272)

* Estate agency work: -(the Provisional IRA p 86)

* Dealing in high value goods:..(paramilitaries and their BMWs p 88)

* Art auctioneers: (the Russian Mafia p 8)

But this is just the icing on the cake. The book is structured to cover four principal areas of concern:- the Russian criminal oligarchs; terrorist financing; black markets for the supply of illegal goods and services, and the banks and other professional gatekeepers whose services are utilised to assist in the laundering process. The fifth and final part provides an astute critical analysis of the response of law enforcement agencies in the UK, the US and around the world.
While the ending of the cold war may have brought a peace dividend for some it has proved a cruel day of reckoning for many in the former eastern block. Kochan chronicles the pathos and absurdity of the spectacle of a senior Russian nuclear physicist and a computing expert being reduced to working with the Mafia to market Italian pantyhose through kiosks in Russian towns- all the while paying $1500 per month protection money which did not, in the end, save them from a beating.
This story was one small episode culled from the testimony of a whistleblower who provided western law enforcement agencies with chapter and verse on the business empire of one of the most notorious Russian criminal oligarchs, Semion Mogilevich, whose interests mimicked those of traditional US Mafiosi families, incorporating the sale and transportation of illegal goods and services including narcotics, prostitution and gambling.
However, as one FBI Director noted in a speech to his opposite number in Moscow a few years ago, it took law enforcement in the US 50 years before it finally began to get to grips with organised crime. This was achieved by, inter alia, the introduction in the early 70s of measures such as the increased use of undercover sting operations; the RICO legislation; the Bank Secrecy Act and anti- paperhanging measures such as the creation of the Securities Information Center to counteract the use of lost stolen and counterfeit securities as collateral for loans. This latter reform met with stiff opposition from the Chicago Mafia who fought the introduction of the SIC in the Court of Appeals on the basis that it would restrict the negotiability of financial paper. They lost, however, as the Court accepted the admitted impediment to negotiability as an acceptable trade off for an effective weapon to use against the Mafia paperhangers. The Russians, he noted, should not therefore lose too much sleep if they had not succeeded in eradicating organised crime after a few short years of a free market economy.
The intricate financing arrangements of Bin Laden's Al Qaida, the Provisional IRA and other terrorist organisations are chronicled in Part 2. While the use of relatively unregulated high value goods, such as African blood diamonds, by terrorist organisations has been alluded to elsewhere, readers may be surprised to discover that Osama also made use of the Yemeni honey trade as a smuggling and money laundering front. Honey apparently enjoys the status of being a particularly useful commodity for the transport of illegal goods as a consequence of its property of extreme stickiness!
Segueing smoothly from honey to honey traps brings us to Operation Casablanca and the use of contemporaneous modes of law enforcement such as electronic surveillance and covert human operations, which have been , pioneered to such devastating effect by US agencies - notably the FBI, DEA and Customs. Operation Casablanca was a massive US sting operation mounted to infiltrate the Colombian drugs money laundering machine being run by a dozen Mexican banks. Before the final denouement and arrest of the bankers they were offered the delights of a corporate hospitality package in the guise of a visit to a brothel, which turned out to be the local police station.
This operation bears many of the hallmarks of the famous BCCI related Operation C Chase sting where the unsuspecting Colombian drug money launderers were entertained to the lavish phoney Florida wedding reception of a pair of undercover US customs operatives. The male members of the party were then cordially invited to withdraw from the ladies to enjoy a hard core porn movie session where they were to meet a similarly ignominious fate - an admittedly rather basic but nevertheless remarkably successful strategy for the rounding up of the usual suspects....
The Brinks- Mat launderers' adventures with cash filled bin liners pale into insignificance when compared with the audacious wholesale plundering of state coffers by African heads of state such as President Sani Abacha who, with the eager cooperation of the friendly State Bank Governor, was in the habit of arranging for bags of cash, typically 15 per trip to be removed from the bank and ferried chez Abacha in an armoured car flanked truck.
Abacha's ill gotten gains were duly laundered in many of the most respectable of the world's financial institutions, including 23 London banks. These banks have escaped the full force of the law by dint of the fact that they engaged in these pursuits before the FSA was endowed with its current enforcement powers. Kochan describes this truly shocking and astonishing episode in excruciatingly intimate detail.
Such depredations make a total mockery of the whole process of government and lend succour to those prone to argue that overseas aid is a simple means of transferring shed loads of cash from poor people in the developed world to rich people in the developing world. This chapter should be read by anyone engaged in banking anywhere in the world.
Given that great wealth and power will always be coveted as the primary conduit to pleasure and even in, some cases eternal paradise, and given that, save the unlikely possibility that one may discover an ability to select one's forbears on the basis of their ability to bestow inherited wealth on their fortunate offspring, there will always be war, crime, corruption, the cooking of corporate books and the manipulation of financial markets. It follows inevitably that there will, of course, always be bankers and other professionals only too willing and eager to offer their services to assist in the sanitising and preservation of the proceeds of such activities in exchange for appropriate remuneration.
Governments and law enforcement agencies may seek to thwart such activities, but so long as politicians and others in positions of power and influence wish to evade taxation, make killings on the markets, obfuscate the financial provenance of their political support, wage wars, operate maverick and highly resourced intelligence services and engage in ideological struggles, the effectiveness of such enforcement will never meet the possibly more exacting standards of those who do an honest day's work and pay tax at source from their incomes.
In writing this fascinating, exhaustively researched and generously sourced book Nick Kochan has forged a powerful weapon with which they can at least come out fighting.


.

Author exposes global terrorism's economic engine
Helpful Votes: 4 out of 4 total.
Review Date: 2006-04-24
With huge swaths of the world's economy taking place in the black market, money laundering has turned into an intractable problemw with wide-ranging consequences. British journalist Nick Kochan offers an intriguing study of this shadowy world. He argues that laundering was an overlooked problem in the U.S. before the Sept. 11, 2001, attacks pushed the issue to the fore. Indeed, he says, Americans were oblivious to the effects of dirty money. Kochan details the sordid sagas of Russian gangsters, Colombian kingpins and corrupt Mexican bankers. At times, his broad approach hinders his prose, and his examples aren't always as compelling as they should be. Still, we recommend this eye-opening study to anyone who deals with the global movement of money.

Important subject but the data overwhelmed the author
Helpful Votes: 6 out of 6 total.
Review Date: 2006-05-06
As some one who in their job has to consider the impact of financial crime and anti-money laundering (and not just anti-terrorist financing), I believe the importance of books like this cannot be under-estimated. Allowing the decline of financial banking systems by recycling the proceeds of crime plus inadequate international controls allowing the transfer of the proceeds of kleptocracy governments (the Abacha administration in Nigeria being the main one covered here) and causing the destruction of their domestic eceonomies, has a real domino effect on the robustness of the global economy.

The book covers all the main signposts and cases seen in recent years and so in terms of content is spot on for the historical aspects. The core problem and why this book fails as a good read or a primer for action is the author comes across as totally overwhelmed by the material. Chapter after chapter seems an attempt to brain dump all the data he has read in his research on the specific subject. This is demonstrated by each chapter relying heavily on a few key government papers or Reports of Enquiry. The consequence is a very piecemeal style of writing and the fact that so many chapters have numerous references to content in other chapters shows a lack of order and discipline in compiling and blending the themes and overall story.

As a general background read and primer to the subject it is fine though for people who do not encounter such financial crime and laundering in their work, better use of some simple examples and diagrams to explain the scams would I think have helped considerably, especially on the use of cross border flows and sham structures.

The book by the end is heavy on case data especially Citibank who come out very badly in their actions over the years but light on how effective the many checks and balances put in by regulators since 9/11 especially could be applied to work better. One cannot help but feel the current regimes in many countries will only catch the small fry and the incompetent and a radical rethink is needed. The end story of how the Irish republic government has applied different tactics relying on extracting money and assets off the crooks than putting them in jail initially is one of the few cases I have seen of such a rethink to date.


Business Money
The Literary Book of Economics: Including Readings from Literature and Drama on Economic Concepts, Issues, and Themes
Published in Hardcover by Intercollegiate Studies Inst (2003-08)
Author:
List price: $28.00
New price: $11.51
Used price: $11.00

Average review score:

A blend of literature and economics
Helpful Votes: 1 out of 2 total.
Review Date: 2006-04-19
College-level collections strong on either literature or economics will welcome a blend of the two by an economist whose purpose is to blend economic education with literacy. Economics are best absorbed when blended with other disciplines, studies show: and Watts shows how to achieve this, using over seventy selections from classic and modern writings to link over twenty major economic concepts to themes and modern times. A unique, cross-disciplinary approach.

The Not-so-Dismal Science
Helpful Votes: 7 out of 7 total.
Review Date: 2005-01-10
Marx may have said that history is economics in action, but this book shows us that great works of literature can show us economics in action, too.

Michael Watts, Professor of Economics at Purdue Univ., has pulled together 78 short excepts from classic and not-so-classic literature that involve economic topics. Those topics include money, unemployment, income inequality, division of labor, unions, supply and demand, cost-benefit analysis, property, scarcity and others. The excerpts range from the classic (Shakespeare's "Merchant of Venice") to the modern ("The Perfect Storm" by Sebastian Junger). There's a wide spectrum of other authors, too, such as Emerson, Steinbeck, Dickens, Ben Franklin, Ayn Rand, Orwell, Vonnegut, Goethe, and others.

Some of the chapters reframe known works into an economic context - i.e. "The Road Not Taken" by Robert Frost is reframed as a lesson about opportunity cost. Other selections illuminate (and sometimes satirize!) some basic economic principles. In other excerpts, economic factors influence the characters and drive the plot forward. In just a few others, the economic element is more tangential or incidental.

Overall, though, this is an interesting collection; I haven't seen anything else like it. It's a great reference book, and the sections & selections can be read indepenently. The collection is perfect for anyone who would like to push aside their supply-and-demand graphs or dry textbooks to instead read memorable stories about real people, stories that will also deepen one's understanding of economics. It's also great for anyone needing a gentle introduction to basic economic principles (though I should say that the book isn't a substitute for a more expository text in basic economics or finance). Recommended.

Classic economic drama, poetry, and prose
Helpful Votes: 7 out of 7 total.
Review Date: 2003-10-19
Compiled, edited, and with an informative commentary by Michael Watts (Director of the Center for Economic Education and Professor of Economics at Purdue University), The Literary Book Of Economics is comprised of seventy-eight selections from classic drama, poetry, and prose written by thinking men and women through centuries of history, all chosen for the particular vibrancy of expression that they give to twenty crucial economic concepts and themes. The citations range from William Shakespeare and Benjamin Franklin, to Ayn Rand, Mark Twain, Kurt Vonnegut and much others, each of whom contribute to a deeper understanding of market principles through literature. The Literary Book Of Economics is a unique and highly recommended addition to Economic Studies reading lists and library reference collections.


E-Book-Store-->Business Money-->76
Related Subjects: Money Leadership Personal Finance Management Careers Employment
More Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250