• Fate of the States: The New Geography of American Prosperity See large image

    Fate of the States: The New Geography of American Prosperity (CD-Audio) By (author) Meredith Whitney, Narrator Jo Anna Perrin

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    Description"Forget everything you think you know about the direction of the American economy, about our growing need for foreign oil, about the rise of the service economy and the decline of American manufacturing. The story of the next thirty years will not be a repeat of the last thirty." One of the most respected voices on Wall Street, Meredith Whitney shot to global prominence in 2007 when her warnings of a looming crisis in the financial sector proved all too prescient. Now, in her first book, she expands upon her biggest call since the financial crisis. Whitney points out that it wasn't just consum-ers who binged on debt for the past twenty years but state and local governments too. She explains how the fiscal sins of the past are beginning to transform the U.S. economy along regional lines. And she shows how we are moving into a new era in which wealth, power, and opportunity flow away from the coasts and toward the central corridor. The housing boom was initially great for states such as California, Nevada, and Florida. State and municipal coffers overflowed, unemployment shrank, and local governments spent their tax revenue windfalls on pay hikes and pension increases for their public employees. But when the boom dried up in those parts of the country, so too did the tax revenues, forcing tax rate hikes and cuts to essential public services--especially education and infrastructure. In contrast to those doom and gloom head-lines, a much different trend was developing in interior states such as North Dakota, Indiana, and Texas. They survived the housing crisis relatively unscathed, avoiding mass foreclosures and bud-getary chaos. As a result they've had the money to retrain workers and offer tax incentives to companies willing to relocate. Coupled with the recent booms in natural gas and oil extraction and a resurgence in manufacturing, these states are poised to become the new powerhouses of the American economy. Whitney offers a sobering vision of the next few decades, with the coastal states continuing to struggle while the central corridor contin-ues to thrive. She explores the consequences of roughly half the country stuck in a vicious cycle of decline while the other half enjoys a virtuous circle of growth. Whitney also offers practical ideas to help the struggling parts of the country--before the fate of the states becomes irreversible.


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  • Full bibliographic data for Fate of the States

    Title
    Fate of the States
    Subtitle
    The New Geography of American Prosperity
    Authors and contributors
    By (author) Meredith Whitney, Narrator Jo Anna Perrin
    Physical properties
    Format: CD-Audio
    Width: 140 mm
    Height: 165 mm
    Thickness: 28 mm
    Weight: 68 g
    Language
    English
    ISBN
    ISBN 13: 9781452614793
    ISBN 10: 1452614792
    Classifications

    BIC geographical qualifier V2: 1KBB
    B&T Book Type: NF
    BIC E4L: GEO
    Nielsen BookScan Product Class 3: S8.0
    B&T Merchandise Category: AUD
    B&T Modifier: Academic Level: 05
    BIC subject category V2: KFFM
    B&T General Subject: 180
    Ingram Theme: CHRN/21CNTY
    BISAC V2.8: BUS022000
    DC22: 330.973
    BISAC V2.8: POL024000
    BIC subject category V2: RGCM
    Ingram Subject Code: JB
    Libri: I-JB
    Warengruppen-Systematik des deutschen Buchhandels: 57830
    LC subject heading: ,
    BISAC V2.8: BUS000000
    DC23: 330.973
    LC subject heading:
    LC classification: HC106.84 .W48 2013B
    Thema V1.0: KCP, JPQB, KFFM, RGCM
    Edition
    Unabridged
    Edition statement
    Unabridged
    Publisher
    Tantor Media, Inc
    Imprint name
    Tantor Media, Inc
    Publication date
    20 June 2013
    Publication City/Country
    Old Saybrook, CT
    Author Information
    Meredith Whitney is the founder and CEO of the investment firm Meredith Whitney Advisory Group, LLC. She has been mentioned on "Fortune"'s list of the fifty most powerful women in business for four consecutive years, and in 2009 appeared on "Time"'s list of the one hundred most influential people in the world. Jo Anna Perrin is an accomplished actor, having appeared in film and television, as well as on stage in New York, Los Angeles, and regionally.